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ck0001657201:index_Russell_2000_Invesco_Dynamic_Multifactor_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2017-11-08 2023-12-31 0001657201 ck0001657201:index_Russell_2000_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2023-01-01 2023-12-31 0001657201 ck0001657201:index_Russell_2000_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2019-01-01 2023-12-31 0001657201 ck0001657201:index_Russell_2000_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2017-11-08 2023-12-31 0001657201 ck0001657201:C000209109Member 2024-08-31 2024-08-31 pure iso4217:USD N-1A Invesco Exchange-Traded Self-Indexed Fund Trust 2024-12-20 Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco Bloomberg Pricing Power ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Bloomberg Pricing Power Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.40</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.40</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="line-height:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:1pt"> </span></div> <div style="-sec-ix-redline:true;margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:auto"> <td style=" padding-bottom:5pt; padding-top:5pt; vertical-align:Top; width:6.84pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:3pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">1</span></div> </div> </td> <td style=" padding-bottom:5pt; padding-top:5pt; vertical-align:Top; width:263.16pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:3pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">“Other Expenses” have been restated to reflect current fees.</span></div> </div> </td> </tr> </table> </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 “Other Expenses” have been restated to reflect current fees. <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$41</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$128</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$224</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$505</span></div> </div> </td> </tr> </table> </div> 41 128 224 505 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 96% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.96 Principal Investment Strategies <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Strictly in accordance with its guidelines and mandated procedures,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Bloomberg Index Services Limited (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is composed of the securities of U.S. large- and mid-capitalization companies that, in the view of the Index Provider, have historically maintained stable profit margins. The Underlying Index focuses on companies that have the smallest deviations among their annual gross profit margins over the last five years.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In order to be eligible for inclusion in the Underlying Index, a security </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">must be part of the Index Provider’s U.S. large- or mid-capitalization universe and must have a minimum 90-day average daily value traded of $10 million. Securities that satisfy this eligibility criteria are then screened for inclusion in the Underlying Index based upon four factors, in the order and as described below. Eligible securities must satisfy all four factors to be included in the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; margin-left:30pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">(i) Profitability history – Eligible securities must have positive </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">net profit margin for the previous five years from the selection date;</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; margin-left:30pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">(ii) Market cap sector ranking – </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Eligible</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">securities are grouped by the Bloomberg Industry Classification System (“BICS”) sector classification, with the top 50 securities by market capitalization </span></div><div style="line-height:11.0pt; margin-left:30pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">within each sector selected. If fewer than 50 securities are in any BICS sector, all securities in such sector are eligible;</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:30pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">(iii) Debt-to-market capitalization ratio – Of the eligible </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">securities that remain, the worst 10% of securities within each BICS sector by their debt-to-market capitalization ratio, as calculated and defined by the Index Provider, are removed; and</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:30pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">(iv) Gross margin stability – Of the remaining eligible securities, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the 50 securities with the most stable profit margin (measured by the lowest standard deviation of trailing 12-month gross profit margin for the previous five years) are included in the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Upon completion of the screening process, the Underlying Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">components are equally weighted.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 50 constituents with market capitalizations ranging from $11.2 billion to $3</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">trillion.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund employs a “full replication” methodology in seeking to track </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the industrials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the industrials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Equity Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Mid-Capitalization Company Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industrials Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Changes in government regulation, world events and economic conditions may adversely affect companies in the industrials sector. In addition, these companies are at risk for environmental and product liability damage claims. Also, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources, technological developments and labor relations could adversely affect the companies in this sector.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Portfolio Turnover Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is the successor to the investment performance of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Guggenheim Defensive 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 April 6, 2018. Accordingly, the performance information shown below for periods ended on or prior to April 6, 2018 is that of the Predecessor Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1powai002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">17.23%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2020</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; margin-left:0.0pt">15.19%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2020</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-19.80%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1723 Best Quarter 2020-06-30 0.1519 Worst Quarter 2020-03-31 -0.198 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:146.13pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:42.9pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.02pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:23.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:146.13pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:42.9pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:35.9pt"> <div style="display:flex; margin:auto; width:37.15pt"> <div style="display:flex; white-space:nowrap; width:37.15pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:37.15pt">12/15/2006</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">10.64</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.97</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:23.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.71</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:146.13pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:42.9pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:35.9pt"> <div style="display:flex; margin:auto; width:37.15pt"> <div style="display:flex; white-space:nowrap; width:37.15pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">10.22</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.62</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:23.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.05</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:146.13pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:42.9pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:35.9pt"> <div style="display:flex; margin:auto; width:37.15pt"> <div style="display:flex; white-space:nowrap; width:37.15pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">6.59</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:23.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">7.67</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:146.13pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg Pricing Power Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:42.9pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:35.9pt"> <div style="display:flex; margin:auto; width:37.15pt"> <div style="display:flex; white-space:nowrap; width:37.15pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="-sec-ix-hidden: hidden-fact-0; line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">—</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="-sec-ix-hidden: hidden-fact-1; line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">—</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:23.97pt"> <div style="-sec-ix-hidden: hidden-fact-2; line-height:9pt; margin-left:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">—</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:146.13pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Blended - Invesco Bloomberg Pricing Power </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Benchmark (reflects no deduction for fees, </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">2</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:42.9pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:35.9pt"> <div style="display:flex; margin:auto; width:37.15pt"> <div style="display:flex; white-space:nowrap; width:37.15pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.20</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.59</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:23.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">10.34</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:146.13pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">S&amp;P 500</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Index (reflects no deduction for fees, </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:42.9pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:35.9pt"> <div style="display:flex; margin:auto; width:37.15pt"> <div style="display:flex; white-space:nowrap; width:37.15pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">26.29</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">15.69</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:23.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.03</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Prior to its commencement date of June</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">29, 2023, performance for the Underlying Index is not available.</span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">2</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">The Blended-Invesco Bloomberg Pricing Power Benchmark reflects the performance of the Sabrient Defensive Equity Index, a previous underlying index,</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">for the period prior to October 24, 2016,</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">followed by the performance of the Invesco Defensive Equity Index,</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">the previous underlying index, from October 24, 2016 through August 25, 2023, and the Underlying Index thereafter.</span></div></div> 0.1064 0.1197 0.0971 0.1022 0.1162 0.0905 0.0659 0.0953 0.0767 (reflects no deduction for fees, expenses or taxes) 0.112 0.1259 0.1034 0.2629 0.1569 0.1203 <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2025 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2025 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 2% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.02 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2025 (collectively, “2025 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2025 Bonds (i.e., will mature or will have an effective maturity in the year 2025); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2025 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 446</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2025 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2025), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2025 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> In following its methodology, the Underlying Index from time to time may be concentrated to a significant </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Financials Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may be susceptible to adverse economic or regulatory occurrences affecting the financials sector. Financial services companies are subject to extensive government regulation and, as a result, their profitability may be affected by new regulations or regulatory interpretations. Changes in interest rates can have a disproportionate effect on the financials sector, and financial services companies whose securities the Fund may purchase may themselves have concentrated portfolios, which makes them vulnerable to economic conditions that affect that sector. Financial services companies have also been affected by increased competition, which could adversely affect the profitability or viability of such companies.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is the successor to the investment performance of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Guggenheim BulletShares 2025 Corporate Bond 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 April 6, 2018. Accordingly, the performance information shown below for periods ending on or prior to April 6, 2018 is that of the Predecessor Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bscpi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">4.08%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2020</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">8.81%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-4.12%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0408 Best Quarter 2020-06-30 0.0881 Worst Quarter 2022-03-31 -0.0412 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:140.57pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.07pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.42pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">10/7/2015</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.03</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.55</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.12</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.58</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.44</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.92</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.96</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.27</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.87</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD Corporate Bond </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">2025 Index (reflects no deduction for fees, </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.16</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.66</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.32</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.10</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.32</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.63</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.66</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2015-10-07 0.0503 0.0355 0.0312 0.0358 0.0244 0.0192 0.0296 0.0227 0.0187 (reflects no deduction for fees, expenses or taxes) 0.0516 0.0366 0.0332 0.0553 0.011 0.0132 0.0852 0.0263 0.0266 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2025 High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD High Yield Corporate Bond 2025 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Acquired Fund Fees and Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.01</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.43</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="line-height:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:1pt"> </span></div> <div style="-sec-ix-redline:true;margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:auto"> <td style=" padding-bottom:5pt; padding-top:5pt; vertical-align:Top; width:6.84pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:3pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">1</span></div> </div> </td> <td style=" padding-bottom:5pt; padding-top:5pt; vertical-align:Top; width:263.16pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:3pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, including money market funds. These expenses are based on the total expense ratio of the underlying funds disclosed in each underlying fund’s most recent shareholder report. Please note that the amount of “Total Annual Fund Operating Expenses” shown in the above table may differ from the ratio of expenses to average net assets included in the “Financial Highlights” section of this prospectus, which reflects the operating expenses of the Fund and does not include indirect expenses such as Acquired Fund Fees and Expenses.</span></div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0042 0 0.0001 0.0043 Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, including money market funds. These expenses are based on the total expense ratio of the underlying funds disclosed in each underlying fund’s most recent shareholder report. Please note that the amount of “Total Annual Fund Operating Expenses” shown in the above table may differ from the ratio of expenses to average net assets included in the “Financial Highlights” section of this prospectus, which reflects the operating expenses of the Fund and does not include indirect expenses such as Acquired Fund Fees and Expenses. <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$44</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$138</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$241</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$542</span></div> </div> </td> </tr> </table> </div> 44 138 241 542 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 83% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.83 Principal Investment Strategies <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2025 (collectively, “2025 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2025 Bonds (i.e., will mature or will have an effective maturity in the year 2025); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&amp;P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&amp;P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The eligible universe may include securities issued in accordance with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2025 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 53</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2025 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2025), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2025 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the consumer discretionary sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the consumer discretionary sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Non-investment grade securities (commonly known as “junk bonds” or “high yield bonds”) and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets generally, real or perceived adverse economic and competitive industry conditions and less secondary market liquidity. If the issuer of non-investment grade securities defaults, the Fund may incur additional expenses to seek recovery.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Consumer Discretionary Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Companies engaged in the consumer discretionary sector are affected by fluctuations in supply and demand and changes in consumer preferences, social trends and marketing campaigns. Changes in consumer spending as a result of world events, political and economic conditions, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources and labor relations also may adversely affect these companies.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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.  Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 the Adviser seek to reduce these operational risks through controls and procedures. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is the successor to the investment performance of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Guggenheim BulletShares 2025 High Yield Corporate Bond 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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bsjpi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">6.39%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2019</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; margin-left:0.0pt">8.71%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2020</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-12.89%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0639 Best Quarter 2019-03-31 0.0871 Worst Quarter 2020-03-31 -0.1289 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:137.97pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.07pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.02pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/27/2017</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">10.87</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.98</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.05</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">7.69</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.63</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.75</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">6.35</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.58</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.08</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD High Yield Corporate </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Bond 2025 Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.09</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.80</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.87</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.10</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.96</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate High Yield Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.44</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.37</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.02</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6.0pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2017-09-27 0.1087 0.0598 0.0405 0.0769 0.0363 0.0175 0.0635 0.0358 0.0208 (reflects no deduction for fees, expenses or taxes) 0.1209 0.068 0.0487 0.0553 0.011 0.0096 0.1344 0.0537 0.0402 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6.0pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2025 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2025 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 3% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.03 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2025 (collectively, “2025 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2025 Bonds (i.e., will mature or will have an effective maturity in the year 2025); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2025 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 3,092</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2025 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2025), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2025 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2025 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 <img alt=" " src="tm2426227d1bsmpi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">2.17%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">2.73%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-4.28%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0217 Best Quarter 2023-12-31 0.0273 Worst Quarter 2022-03-31 -0.0428 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/25/2019</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.96</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.86</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.96</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.64</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.67</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.76</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Municipal Bond 2025 Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.12</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.17</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg Municipal Bond Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.40</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.09</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 2019-09-25 0.0296 0.0086 0.0296 0.0064 0.0267 0.0076 (reflects no deduction for fees, expenses or taxes) 0.0312 0.0117 0.064 0.0109 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2026 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2026 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 2% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.02 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2026 (collectively, “2026 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2026 Bonds (i.e., will mature or will have an effective maturity in the year 2026); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2026 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 473</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2026 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2026), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2026 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> In following its methodology, the Underlying Index from time to time may be concentrated to a significant </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Financials Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may be susceptible to adverse economic or regulatory occurrences affecting the financials sector. Financial services companies are subject to extensive government regulation and, as a result, their profitability may be affected by new regulations or regulatory interpretations. Changes in interest rates can have a disproportionate effect on the financials sector, and financial services companies whose securities the Fund may purchase may themselves have concentrated portfolios, which makes them vulnerable to economic conditions that affect that sector. Financial services companies have also been affected by increased competition, which could adversely affect the profitability or viability of such companies.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is the successor to the investment performance of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Guggenheim BulletShares 2026 Corporate Bond 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 April 6, 2018. Accordingly, the performance information shown below for periods ending on or prior to April 6, 2018 is that of the Predecessor Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bscqi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">4.56%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2020</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">9.59%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-5.13%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0456 Best Quarter 2020-06-30 0.0959 Worst Quarter 2022-03-31 -0.0513 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:140.57pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.07pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.42pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/14/2016</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.69</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.60</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.45</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.15</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.44</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.26</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.34</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.28</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.36</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD Corporate Bond </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">2026 Index (reflects no deduction for fees, </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.85</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.71</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.53</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.10</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.89</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.63</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.05</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2016-09-14 0.0569 0.036 0.0245 0.0415 0.0244 0.0126 0.0334 0.0228 0.0136 (reflects no deduction for fees, expenses or taxes) 0.0585 0.0371 0.0253 0.0553 0.011 0.0089 0.0852 0.0263 0.0205 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2026 High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD High Yield Corporate Bond 2026 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0042 0 0.0042 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$43</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$135</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$235</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$530</span></div> </div> </td> </tr> </table> </div> 43 135 235 530 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 50% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.50 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2026 (collectively, “2026 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2026 Bonds (i.e., will mature or will have an effective maturity in the year 2026); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&amp;P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&amp;P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The eligible universe may include securities issued in accordance with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2026 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 121</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2026 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2026), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2026 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Non-investment grade securities (commonly known as “junk bonds” or “high yield bonds”) and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets generally, real or perceived adverse economic and competitive industry conditions and less secondary market liquidity. If the issuer of non-investment grade securities defaults, the Fund may incur additional expenses to seek recovery.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in the Underlying Index. In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">returns compared with a broad measure of market performance and additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bsjqi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">6.31%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2019</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; margin-left:0.0pt">8.82%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2020</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-13.61%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0631 Best Quarter 2019-03-31 0.0882 Worst Quarter 2020-03-31 -0.1361 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:139.06pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:37.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.02pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:139.06pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:29.48pt">8/9/2018</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">10.26</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.29</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.08</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:139.06pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">7.29</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.00</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.80</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:139.06pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">5.98</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.08</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.13</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:139.06pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD High Yield Corporate </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Bond 2026 Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">10.88</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.09</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.86</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:139.06pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.10</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.29</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:139.06pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate High Yield Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.44</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.37</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.24</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2018-08-09 0.1026 0.0529 0.0408 0.0729 0.03 0.018 0.0598 0.0308 0.0213 (reflects no deduction for fees, expenses or taxes) 0.1088 0.0609 0.0486 0.0553 0.011 0.0129 0.1344 0.0537 0.0424 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2026 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2026 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 5% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.05 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2026 (collectively, “2026 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2026 Bonds (i.e., will mature or will have an effective maturity in the year 2026); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2026 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 3,340</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2026 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2026), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2026 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2026 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 <img alt=" " src="tm2426227d1bsmqi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">2.30%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">3.85%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-5.67%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.023 Best Quarter 2023-12-31 0.0385 Worst Quarter 2022-03-31 -0.0567 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/25/2019</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.46</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.44</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.11</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.07</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.42</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Municipal Bond 2026 Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.65</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.93</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg Municipal Bond Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.40</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.09</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 2019-09-25 0.0346 0.0042 0.0344 0.0011 0.0307 0.0042 (reflects no deduction for fees, expenses or taxes) 0.0365 0.0093 0.064 0.0109 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2027 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2027 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 0% of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2027 (collectively, “2027 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2027 Bonds (i.e., will mature or will have an effective maturity in the year 2027); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2027 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 484</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2027 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2027), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2027 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> In following its methodology, the Underlying Index from time to time may be concentrated to a significant </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Financials Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may be susceptible to adverse economic or regulatory occurrences affecting the financials sector. Financial services companies are subject to extensive government regulation and, as a result, their profitability may be affected by new regulations or regulatory interpretations. Changes in interest rates can have a disproportionate effect on the financials sector, and financial services companies whose securities the Fund may purchase may themselves have concentrated portfolios, which makes them vulnerable to economic conditions that affect that sector. Financial services companies have also been affected by increased competition, which could adversely affect the profitability or viability of such companies.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is the successor to the investment performance of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Guggenheim BulletShares 2027 Corporate Bond 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 April 6, 2018. Accordingly, the performance information shown below for periods ending on or prior to April 6, 2018 is that of the Predecessor Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bscri002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">4.92%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2020</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">10.92%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-5.59%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0492 Best Quarter 2020-06-30 0.1092 Worst Quarter 2022-03-31 -0.0559 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:140.57pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.07pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.42pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/27/2017</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.25</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.64</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.55</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.61</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.42</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.30</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.66</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.29</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.42</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD Corporate Bond </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">2027 Index (reflects no deduction for fees, </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.42</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.75</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.71</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.10</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.96</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.63</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.91</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2017-09-27 0.0625 0.0364 0.0255 0.0461 0.0242 0.013 0.0366 0.0229 0.0142 (reflects no deduction for fees, expenses or taxes) 0.0642 0.0375 0.0271 0.0553 0.011 0.0096 0.0852 0.0263 0.0191 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2027 High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD High Yield Corporate Bond 2027 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0042 0 0.0042 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$43</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$135</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$235</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$530</span></div> </div> </td> </tr> </table> </div> 43 135 235 530 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 16% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.16 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2027 (collectively, “2027 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2027 Bonds (i.e., will mature or will have an effective maturity in the year 2027); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&amp;P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&amp;P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The eligible universe may include securities issued in accordance with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2027 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 154</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2027 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2027), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2027 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Non-investment grade securities (commonly known as “junk bonds” or “high yield bonds”) and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets generally, real or perceived adverse economic and competitive industry conditions and less secondary market liquidity. If the issuer of non-investment grade securities defaults, the Fund may incur additional expenses to seek recovery.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in the Underlying Index. In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">returns compared with a broad measure of market performance and additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bsjri002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">6.44%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</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; margin-left:0.0pt">6.40%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2020</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-11.78%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0644 Best Quarter 2023-12-31 0.064 Worst Quarter 2020-03-31 -0.1178 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:166.19pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.27pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/12/2019</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.31</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">2.72</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.29</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">0.56</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">7.17</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">1.14</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD High Yield Corporate Bond </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">2027 Index (reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.79</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">3.54</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-0.45</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate High Yield Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.44</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">3.60</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2019-09-12 0.1231 0.0272 0.0929 0.0056 0.0717 0.0114 (reflects no deduction for fees, expenses or taxes) 0.1279 0.0354 0.0553 -0.0045 0.1344 0.036 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2027 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2027 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 1% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.01 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2027 (collectively, “2027 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2027 Bonds (i.e., will mature or will have an effective maturity in the year 2027); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2027 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 3,053</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2027 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2027), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2027 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2027 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 <img alt=" " src="tm2426227d1bsmri002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">2.05%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">4.90%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-6.08%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0205 Best Quarter 2023-12-31 0.049 Worst Quarter 2022-03-31 -0.0608 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/25/2019</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.21</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.51</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.21</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.23</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.64</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.50</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Municipal Bond 2027 Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.34</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.90</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg Municipal Bond Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.40</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.09</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 2019-09-25 0.0421 0.0051 0.0421 0.0023 0.0364 0.005 (reflects no deduction for fees, expenses or taxes) 0.0434 0.009 0.064 0.0109 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2028 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2028 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 0% of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2028 (collectively, “2028 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2028 Bonds (i.e., will mature or will have an effective maturity in the year 2028); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2028 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 371</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2028 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2028), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2028 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bscsi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">5.10%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2020</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">11.63%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-6.52%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.051 Best Quarter 2020-06-30 0.1163 Worst Quarter 2022-03-31 -0.0652 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:141.66pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:37.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.42pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:141.66pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:29.48pt">8/9/2018</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">7.44</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.61</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.29</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:141.66pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.70</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.36</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.03</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:141.66pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.36</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.25</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.99</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:141.66pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD Corporate Bond </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">2028 Index (reflects no deduction for fees, </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">7.59</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.74</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.47</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:141.66pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.10</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.29</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:141.66pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:37.97pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.63</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.41</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6.0pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2018-08-09 0.0744 0.0361 0.0329 0.057 0.0236 0.0203 0.0436 0.0225 0.0199 (reflects no deduction for fees, expenses or taxes) 0.0759 0.0374 0.0347 0.0553 0.011 0.0129 0.0852 0.0263 0.0241 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6.0pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2028 High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD High Yield Corporate Bond 2028 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0042 0 0.0042 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$43</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$135</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$235</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$530</span></div> </div> </td> </tr> </table> </div> 43 135 235 530 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 15% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.15 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2028 (collectively, “2028 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2028 Bonds (i.e., will mature or will have an effective maturity in the year 2028); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&amp;P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&amp;P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The eligible universe may include securities issued in accordance with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2028 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 261</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2028 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2028), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2028 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Non-investment grade securities (commonly known as “junk bonds” or “high yield bonds”) and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets generally, real or perceived adverse economic and competitive industry conditions and less secondary market liquidity. If the issuer of non-investment grade securities defaults, the Fund may incur additional expenses to seek recovery.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in the Underlying Index. In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">returns compared with a broad measure of market performance and additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bsjsi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">7.01%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</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; margin-left:0.0pt">7.11%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2022</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-11.10%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0701 Best Quarter 2023-12-31 0.0711 Worst Quarter 2022-06-30 -0.111 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:166.19pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.27pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/16/2020</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.71</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">1.29</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.55</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-0.96</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">7.40</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">0.02</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD High Yield Corporate Bond </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">2028 Index (reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.18</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">1.77</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-2.89</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate High Yield Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.44</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">3.47</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2020-09-16 0.1271 0.0129 0.0955 -0.0096 0.074 0.0002 (reflects no deduction for fees, expenses or taxes) 0.1318 0.0177 0.0553 -0.0289 0.1344 0.0347 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2028 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2028 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 5% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.05 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2028 (collectively, “2028 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2028 Bonds (i.e., will mature or will have an effective maturity in the year 2028); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2028 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 2,430</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2028 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2028), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2028 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2028 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 <img alt=" " src="tm2426227d1bsmsi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">1.82%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">5.78%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-7.08%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0182 Best Quarter 2023-12-31 0.0578 Worst Quarter 2022-03-31 -0.0708 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/25/2019</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.80</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.53</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.80</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.20</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.93</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.52</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Municipal Bond 2028 Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.10</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.83</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg Municipal Bond Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.40</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.09</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 2019-09-25 0.048 0.0053 0.048 0.002 0.0393 0.0052 (reflects no deduction for fees, expenses or taxes) 0.051 0.0083 0.064 0.0109 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2029 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2029 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 0% of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2029 (collectively, “2029 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2029 Bonds (i.e., will mature or will have an effective maturity in the year 2029); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2029 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 401</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2029 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2029), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2029 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bscti002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">5.17%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2020</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">11.29%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-6.48%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0517 Best Quarter 2020-06-30 0.1129 Worst Quarter 2022-03-31 -0.0648 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/12/2019</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.26</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">1.06</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.50</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-0.06</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.83</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">0.34</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD Corporate Bond 2029 Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(reflects no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.44</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">1.20</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-0.45</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">0.40</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6.0pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2019-09-12 0.0826 0.0106 0.065 -0.0006 0.0483 0.0034 (reflects no deduction for fees, expenses or taxes) 0.0844 0.012 0.0553 -0.0045 0.0852 0.004 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6.0pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2029 High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD High Yield Corporate Bond 2029 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0042 0 0.0042 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$43</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$135</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$235</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$530</span></div> </div> </td> </tr> </table> </div> 43 135 235 530 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 10% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.10 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2029 (collectively, “2029 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2029 Bonds (i.e., will mature or will have an effective maturity in the year 2029); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&amp;P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&amp;P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The eligible universe may include securities issued in accordance with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2029 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 385</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2029 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2029), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2029 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Non-investment grade securities (commonly known as “junk bonds” or “high yield bonds”) and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets generally, real or perceived adverse economic and competitive industry conditions and less secondary market liquidity. If the issuer of non-investment grade securities defaults, the Fund may incur additional expenses to seek recovery.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in the Underlying Index. In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">returns compared with a broad measure of market performance and additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bsjti002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">7.54%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</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; margin-left:0.0pt">8.43%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2022</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-11.83%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0754 Best Quarter 2023-12-31 0.0843 Worst Quarter 2022-06-30 -0.1183 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:166.19pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.27pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/15/2021</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">14.13</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-1.54</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.05</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-3.81</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">8.23</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-2.16</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD High Yield Corporate Bond </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">2029 Index (reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">14.78</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-1.20</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.13</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate High Yield Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.44</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">0.43</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2021-09-15 0.1413 -0.0154 0.1105 -0.0381 0.0823 -0.0216 (reflects no deduction for fees, expenses or taxes) 0.1478 -0.012 0.0553 -0.0413 0.1344 0.0043 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2029 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2029 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 0% of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2029 (collectively, “2029 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2029 Bonds (i.e., will mature or will have an effective maturity in the year 2029); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2029 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 1,973</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2029 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2029), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2029 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2029 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 <img alt=" " src="tm2426227d1bsmti002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">1.63%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">6.94%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-7.81%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0163 Best Quarter 2023-12-31 0.0694 Worst Quarter 2022-03-31 -0.0781 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/25/2019</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.38</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.36</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.37</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.03</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.29</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.38</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Municipal Bond 2029 Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.68</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.46</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg Municipal Bond Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.40</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.09</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 2019-09-25 0.0538 0.0036 0.0537 0.0003 0.0429 0.0038 (reflects no deduction for fees, expenses or taxes) 0.0568 0.0046 0.064 0.0109 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2030 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2030 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 0% of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2030 (collectively, “2030 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2030 Bonds (i.e., will mature or will have an effective maturity in the year 2030); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2030 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 275</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2030 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2030), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2030 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bscui002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">5.70%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">7.54%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-7.43%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.057 Best Quarter 2023-12-31 0.0754 Worst Quarter 2022-03-31 -0.0743 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/16/2020</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.08</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-2.76</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.24</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-3.88</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.73</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-2.55</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD Corporate Bond 2030 Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(reflects no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.23</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-2.71</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-2.89</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-2.31</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6.0pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2020-09-16 0.0808 -0.0276 0.0624 -0.0388 0.0473 -0.0255 (reflects no deduction for fees, expenses or taxes) 0.0823 -0.0271 0.0553 -0.0289 0.0852 -0.0231 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6.0pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2030 High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD High Yield Corporate Bond 2030 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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) <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:9.75pt"> <td style=" vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="2" style="background-color:azure; vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="2" style="background-color:azure; vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="2" style="background-color:azure; vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 0.0042 0 0.0042 <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:8.5pt"> <td style=" border-bottom:0.5pt solid #000000; padding-bottom:1.5pt; padding-top:1.5pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #000000; padding-bottom:1.5pt; padding-top:1.5pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #000000; padding-bottom:1.5pt; padding-top:1.5pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #000000; padding-bottom:1.5pt; padding-top:1.5pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.5pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:1.5pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$43</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:1.5pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$135</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:1.5pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$235</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:1.5pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$530</span></div> </div> </td> </tr> </table> </div> 43 135 235 530 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 21% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.21 Principal Investment Strategies <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2030 (collectively, “2030 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2030 Bonds (i.e., will mature or will have an effective maturity in the year 2030); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&amp;P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&amp;P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The eligible universe may include securities issued in accordance with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2030 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 152</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2030 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2030), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2030 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is “non-diversified” and therefore is not required to meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">certain diversification requirements under the  Investment Company Act of 1940, as amended (the “1940 Act”).</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Non-investment grade securities (commonly known as “junk bonds” or “high yield bonds”) and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets generally, real or perceived adverse economic and competitive industry conditions and less secondary market liquidity. If the issuer of non-investment grade securities defaults, the Fund may incur additional expenses to seek recovery.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The bar chart below shows how the Fund has performed.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The table below the bar chart shows the Fund’s average annual total returns (before and after taxes).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The bar chart and table provide an indication of the risks of investing in the Fund by showing how the Fund’s average annual total returns compared with a broad measure of market performance</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and additional indices with characteristics relevant to the Fund. The Fund's performance reflects</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">fee waivers, if any, absent which performance would have been lower.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Although</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 average annual total returns compared with a broad measure of market performance and additional indices 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 Return—Calendar Year <img alt=" " src="tm2426227d1bsjui002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">8.58%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">8.25%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2023</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-0.79%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0858 Best Quarter 2023-12-31 0.0825 Worst Quarter 2023-09-30 -0.0079 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:167.28pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:38.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.27pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:167.28pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:29.48pt">9/8/2022</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.72</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.65</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:167.28pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">10.52</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:167.28pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">7.98</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.19</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:167.28pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD High Yield Corporate Bond </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">2030 Index (reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">14.55</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">9.28</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:167.28pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.84</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 2022-09-08 0.1372 0.0865 0.1052 0.0553 0.0798 0.0519 (reflects no deduction for fees, expenses or taxes) 0.1455 0.0928 0.0553 0.0284 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2030 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2030 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 3% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.03 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2030 (collectively, “2030 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2030 Bonds (i.e., will mature or will have an effective maturity in the year 2030); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2030 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 1,799</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2030 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2030), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2030 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2030 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 <img alt=" " src="tm2426227d1bsmui002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">1.36%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">8.08%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-9.17%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0136 Best Quarter 2023-12-31 0.0808 Worst Quarter 2022-03-31 -0.0917 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/16/2020</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-1.31</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.09</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-1.77</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.73</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-0.98</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Municipal Bond 2030 Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.45</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-1.07</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg Municipal Bond Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.40</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 2020-09-16 0.061 -0.0131 0.0609 -0.0177 0.0473 -0.0098 (reflects no deduction for fees, expenses or taxes) 0.0645 -0.0107 0.064 0.0018 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2031 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2031 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 0% of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2031 (collectively, “2031 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2031 Bonds (i.e., will mature or will have an effective maturity in the year 2031); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2031 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 298</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2031 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2031), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2031 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1bscvi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">5.55%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">8.52%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-8.14%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0555 Best Quarter 2023-12-31 0.0852 Worst Quarter 2022-03-31 -0.0814 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/15/2021</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.60</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.98</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.56</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-6.41</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.02</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.37</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD Corporate Bond 2031 Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(reflects no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.74</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.87</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.13</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.39</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6.0pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2021-09-15 0.086 -0.0498 0.0656 -0.0641 0.0502 -0.0437 (reflects no deduction for fees, expenses or taxes) 0.0874 -0.0487 0.0553 -0.0413 0.0852 -0.0439 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6.0pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2031 High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD High Yield Corporate Bond 2031 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0042 0 0.0042 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$43</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$135</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$235</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$530</span></div> </div> </td> </tr> </table> </div> 43 135 235 530 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 fiscal period September</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">18, 2023</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(commencement of operations)</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">through August</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">31,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the Fund's portfolio turnover rate was</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">24%</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of the average value of its portfolio.</span></div> Portfolio Turnover. 0.24 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2031 (collectively, “2031 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2031 Bonds (i.e., will mature or will have an effective maturity in the year 2031); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&amp;P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&amp;P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The eligible universe may include securities issued in accordance with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2031 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">October 31, 2024, the Underlying Index was comprised of 161</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2031, without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2031), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2031 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is “non-diversified” and therefore is not required to meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">certain diversification requirements under the  Investment Company Act of 1940, as amended (the “1940 Act”).</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Non-investment grade securities (commonly known as “junk bonds” or “high yield bonds”) and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets generally, real or perceived adverse economic and competitive industry conditions and less secondary market liquidity. If the issuer of non-investment grade securities defaults, the Fund may incur additional expenses to seek recovery.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">No performance information is available for the</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fund because it does not yet have a full calendar year of performance history. Once the Fund has a full calendar year of performance information, the Fund</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">will present total return information, which is also accessible on the Fund's website at www.invesco.com/ETFs and provides some indication of the risks of investing in the Fund.</span></div> No performance information is available for the Fund because it does not yet have a full calendar year of performance history. www.invesco.com/ETFs Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2031 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2031 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 5% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.05 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2031 (collectively, “2031 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2031 Bonds (i.e., will mature or will have an effective maturity in the year 2031); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2031 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 1,599</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2031 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2031), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2031 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2031 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 <img alt=" " src="tm2426227d1bsmvi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">1.39%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</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; margin-left:0.0pt">8.78%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-10.12%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0139 Best Quarter 2023-12-31 0.0878 Worst Quarter 2022-03-31 -0.1012 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:168.79pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/15/2021</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.52</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.02</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.52</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.45</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.97</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-2.98</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Municipal Bond 2031 Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.79</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-4.14</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:168.79pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg Municipal Bond Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.40</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:18.09pt"> <div style="display:flex; white-space:nowrap; width:18.09pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:18.09pt">-1.19</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> 2021-09-15 0.0652 -0.0402 0.0652 -0.0445 0.0497 -0.0298 (reflects no deduction for fees, expenses or taxes) 0.0679 -0.0414 0.064 -0.0119 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2032 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2032 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 0% of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2032 (collectively, “2032 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2032 Bonds (i.e., will mature or will have an effective maturity in the year 2032); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2032 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 241</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2032 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2032), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2032 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is “non-diversified” and therefore is not required to meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">certain diversification requirements under the  Investment Company Act of 1940, as amended (the “1940 Act”).</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and/or delisting. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The bar chart below shows how the Fund has performed.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The table below the bar chart shows the Fund’s average annual total returns (before and after taxes).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The bar chart and table provide an indication of the risks of investing in the Fund by showing how the Fund’s average annual total returns compared with a broad measure of market performance</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and additional indices with characteristics relevant to the Fund. The Fund's performance reflects</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">fee waivers, if any, absent which performance would have been lower.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Although</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 average annual total returns compared with a broad measure of market performance and additional indices 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. www.invesco.com/ETFs Annual Total Return—Calendar Year <img alt=" " src="tm2426227d1bscwi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">5.40%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2023</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">8.98%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2023</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-3.33%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.054 Best Quarter 2023-12-31 0.0898 Worst Quarter 2023-09-30 -0.0333 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:169.88pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:38.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.67pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:169.88pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:29.48pt">9/8/2022</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.85</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">7.00</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:169.88pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.67</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.99</span></div> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:169.88pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.17</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.45</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:169.88pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> USD Corporate Bond 2032 Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(reflects no deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">9.11</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">6.09</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:169.88pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.84</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:169.88pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Corporate Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:38.22pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:29.48pt"> <div style="display:flex; white-space:nowrap; width:29.48pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.67pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.67pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">8.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.82</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:269.99pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2022-09-08 0.0885 0.07 0.0667 0.0499 0.0517 0.0445 (reflects no deduction for fees, expenses or taxes) 0.0911 0.0609 0.0553 0.0284 0.0852 0.0582 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2032 High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD High Yield Corporate Bond 2032 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.42</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="line-height:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:1pt"> </span></div> <div style="-sec-ix-redline:true;margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:auto"> <td style=" padding-bottom:5pt; padding-top:5pt; vertical-align:Top; width:6.84pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:3pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">1</span></div> </div> </td> <td style=" padding-bottom:5pt; padding-top:5pt; vertical-align:Top; width:263.16pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:3pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">“Other Expenses” are based on estimated amounts for the current fiscal year.</span></div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0042 0 0.0042 “Other Expenses” are based on estimated amounts for the current fiscal year. <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:8.5pt"> <td style=" border-bottom:0.5pt solid #000000; padding-bottom:1.5pt; padding-top:1.5pt; vertical-align:Bottom; width:135pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #000000; padding-bottom:1.5pt; padding-top:1.5pt; vertical-align:Bottom; width:135pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> </tr> <tr style="height:9.5pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:1.5pt; vertical-align:Bottom; width:135pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$43</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:1.5pt; vertical-align:Bottom; width:135pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$135</span></div> </div> </td> </tr> </table> </div> 43 135 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 fiscal period June</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">10, 2024</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(commencement of operations)</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">through August</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">31,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the Fund's portfolio turnover rate was</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">6%</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of the average value of its portfolio.</span></div> Portfolio Turnover. 0.06 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2032 (collectively, “2032 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2032 Bonds (i.e., will mature or will have an effective maturity in the year 2032); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&amp;P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&amp;P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The eligible universe may include securities issued in accordance with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2032 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">October</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">31, 2024, the Underlying Index was comprised of 123</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2032, without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2032), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2032 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is “non-diversified” and therefore is not required to meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">certain diversification requirements under the Investment Company Act of 1940, as amended (the “1940 Act”).</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Non-investment grade securities (commonly known as “junk bonds” or “high yield bonds”) and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets generally, real or perceived adverse economic and competitive industry conditions and less secondary market liquidity. If the issuer of non-investment grade securities defaults, the Fund may incur additional expenses to seek recovery.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility, perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also, among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">No performance information is available for the</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fund because it does not yet have a full calendar year of performance history. Once the Fund has a full calendar year of performance information, the Fund</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">will present total return information, which is also accessible on the Fund's website at www.invesco.com/ETFs and provides some indication of the risks of investing in the Fund.</span></div> No performance information is available for the Fund because it does not yet have a full calendar year of performance history. www.invesco.com/ETFs Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2032 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2032 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 5% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.05 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2032 (collectively, “2032 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2032 Bonds (i.e., will mature or will have an effective maturity in the year 2032); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2032 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 2,172</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2032 without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2032), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2032 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2032 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is “non-diversified” and therefore is not required to meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">certain diversification requirements under the  Investment Company Act of 1940, as amended (the “1940 Act”).</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">No performance information is available for the Fund because it does not yet have a full calendar year of performance history. Once the Fund has a full calendar year of performance information, the Fund will present total return information, which is also accessible on the Fund's website at www.invesco.com/ETFs and provides some indication of the risks of investing in the Fund.</span></div> No performance information is available for the Fund because it does not yet have a full calendar year of performance history. www.invesco.com/ETFs Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2033 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2033 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$57</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$129</span></div> </div> </td> </tr> </table> </div> 10 32 57 129 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 fiscal period September</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">18, 2023</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(commencement of operations)</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">through August</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">31,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the Fund's portfolio turnover rate was</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">0%</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2033 (collectively, “2033 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2033 Bonds (i.e., will mature or will have an effective maturity in the year 2033); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2033 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">October 31, 2024, the Underlying Index was comprised of 237</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2033, without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2033), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2033 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is “non-diversified” and therefore is not required to meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">certain diversification requirements under the  Investment Company Act of 1940, as amended (the “1940 Act”).</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and/or delisting. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">No performance information is available for the</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fund because it does not yet have a full calendar year of performance history. Once the Fund has a full calendar year of performance information, the Fund</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">will present total return information, which is also accessible on the Fund's website at www.invesco.com/ETFs and provides some indication of the risks of investing in the Fund.</span></div> No performance information is available for the Fund because it does not yet have a full calendar year of performance history. www.invesco.com/ETFs Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2033 Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Municipal Bond 2033 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.18</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0018 0 0.0018 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$18</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$58</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$101</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$229</span></div> </div> </td> </tr> </table> </div> 18 58 101 229 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 fiscal period September</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">18, 2023</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(commencement of operations)</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">through August</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">31,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the Fund's portfolio turnover rate was</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">4%</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of the average value of its portfolio.</span></div> Portfolio Turnover. 0.04 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2033 (collectively, “2033 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2033 Bonds (i.e., will mature or will have an effective maturity in the year 2033); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2033 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">October 31, 2024, the Underlying Index was comprised of 2,121</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2033, without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2033), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2032 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2033 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund should not be confused with a target date fund, which has </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is “non-diversified” and therefore is not required to meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">certain diversification requirements under the Investment Company Act of 1940, as amended (the “1940 Act”).</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Municipal Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal securities to make payments of principal and/or interest. Political changes and uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders can significantly affect municipal securities. Because many securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. If the Internal Revenue Service (“IRS”) determines that an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Tax Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Events occurring after the date of issuance of a municipal bond or after the Fund's acquisition of a municipal bond may result in a determination that interest on that bond is includible in gross income for federal income tax purposes retroactively to its date of issuance. Such a determination may cause a portion of prior distributions by the Fund to its shareholders to be taxable to those shareholders in the year of receipt. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make municipal bonds less attractive as investments and cause them to lose value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Because the Fund issues and redeems Creation Units principally for cash, it will incur higher costs in buying and selling securities than if it issued and redeemed Creation Units in-kind. Additionally, the Fund's use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Cash Transaction Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Most ETFs generally make in-kind redemptions to avoid being taxed on gains on the distributed portfolio securities at the fund level. However, unlike most ETFs, the Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind, due to the nature of the Fund’s investments. As such, the Fund may be required to sell portfolio securities to obtain the cash needed to distribute redemption proceeds. Therefore, the Fund may recognize a capital gain on these sales that might not have been incurred if the Fund had made a redemption in-kind. This may decrease the tax efficiency of the Fund compared to ETFs that utilize an in-kind redemption process and there may be a substantial difference in the after-tax rate of return between the Fund and conventional ETFs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">No performance information is available for the</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fund because it does not yet have a full calendar year of performance history. Once the Fund has a full calendar year of performance information, the Fund</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">will present total return information, which is also accessible on the Fund's website at </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">www.invesco.com/ETFs and provides some indication of the risks of investing in the Fund.</span></div> No performance information is available for the Fund because it does not yet have a full calendar year of performance history. www.invesco.com/ETFs Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco BulletShares 2034 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> USD Corporate Bond 2034 Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.10</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="line-height:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:1pt"> </span></div> <div style="-sec-ix-redline:true;margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:auto"> <td style=" padding-bottom:5pt; padding-top:5pt; vertical-align:Top; width:6.84pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:3pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">1</span></div> </div> </td> <td style=" padding-bottom:5pt; padding-top:5pt; vertical-align:Top; width:263.16pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:3pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">“Other Expenses” are based on estimated amounts for the current fiscal year.</span></div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.001 0 0.001 “Other Expenses” are based on estimated amounts for the current fiscal year. <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:8.5pt"> <td style=" border-bottom:0.5pt solid #000000; padding-bottom:1.5pt; padding-top:1.5pt; vertical-align:Bottom; width:135pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #000000; padding-bottom:1.5pt; padding-top:1.5pt; vertical-align:Bottom; width:135pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> </tr> <tr style="height:9.5pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:1.5pt; vertical-align:Bottom; width:135pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$10</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:1.5pt; vertical-align:Bottom; width:135pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$32</span></div> </div> </td> </tr> </table> </div> 10 32 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 fiscal period June</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">10, 2024</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(commencement of operations)</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">through August</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">31,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the Fund's portfolio turnover rate was</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">0%</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of the average value of its portfolio.</span></div> Portfolio Turnover. 0 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index seeks to measure the performance of a portfolio </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2034 (collectively, “2034 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond's stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">option, with the first call date within 13 months of maturity and a par call price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2034 Bonds (i.e., will mature or will have an effective maturity in the year 2034); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">2034 Bonds selected for inclusion in the Underlying Index are market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">October</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">31, 2024, the Underlying Index was comprised of 276</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund will terminate on or about December 15, 2034, without </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not seek to distribute any predetermined amount of cash </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at maturity. During the maturing year of the Underlying Index (i.e., 2034), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2034 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is “non-diversified” and therefore is not required to meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">certain diversification requirements under the Investment Company Act of 1940, as amended (the “1940 Act”).</span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Securities in the Underlying Index are subject to market fluctuations. You should anticipate that the value of the Shares will decline, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Fixed-Income Investment Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Investments in fixed-income securities of non-U.S. issuers are subject to the same risks as other debt securities, notably credit risk, market risk, interest rate risk and liquidity risk, while also facing risks beyond those associated with investments in U.S. securities. For example, foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information, and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility, perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also, among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fluctuation of Yield and Liquidation Amount Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund, unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the Fund’s existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the Fund’s portfolio, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may adversely affect the tax characterization of your returns from an investment in the Fund relative to a direct investment in bonds. If the amount you receive as liquidation proceeds upon the Fund’s termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Extension Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Extension risk is the opposite of reinvestment risk, and typically occurs when interest rates rise, thereby causing repayments of fixed-income securities to occur more slowly than expected by the market. This may drive the prices of these securities down because their interest rates are lower than the current interest rate and they have longer duration (resulting in increased sensitivity to interest rate changes).</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Declining Yield Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> During the final year of the Fund's operations, as the bonds held by the Fund mature and the Fund's portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or prevailing yields for bonds in the market.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund not to be as well-correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">No performance information is available for the</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fund because it does not yet have a full calendar year of performance history. Once the Fund has a full calendar year of performance information, the Fund</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">will present total return information, which is also accessible on the Fund's website at www.invesco.com/ETFs and provides some indication of the risks of investing in the Fund.</span></div> No performance information is available for the Fund because it does not yet have a full calendar year of performance history. www.invesco.com/ETFs Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco International Developed Dynamic Multifactor ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the FTSE Developed ex US Invesco Dynamic Multifactor Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.34</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.34</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0034 0 0.0034 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$35</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$109</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$191</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$431</span></div> </div> </td> </tr> </table> </div> 35 109 191 431 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 156% of the average value of its portfolio.</span></div> Portfolio Turnover. 1.56 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Strictly in accordance with its guidelines and mandated procedures, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">FTSE International Limited (“FTSE” or the “Index Provider”) compiles and maintains the Underlying Index, which is an index of foreign equity securities designed to reflect a dynamic combination of “factor investing” strategies that, in the view of the Index Provider, have historically outperformed other factors during various parts of the economic cycle. The Underlying Index’s universe of investable stocks is taken from the FTSE Developed ex US Index (the “Parent Index”), which is comprised of approximately 85%</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">large-capitalization stocks and 15% mid-capitalization stocks of companies located in 24 developed market countries around the world, excluding the United States. The Parent Index is derived from the FTSE Global Equity Index Series (GEIS), which covers 98% of the world’s investable market capitalization.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">A factor is a stock characteristic that is associated with a security’s risk </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and return profile (e.g., high quality, high momentum or low volatility). The Underlying Index’s rules-based framework seeks to identify equity securities that tend to exhibit various investment factors to a greater extent than the overall market, depending on the overall economic environment. The Underlying Index emphasizes investments that exhibit the following factors: </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">low volatility, momentum, quality, size and value. At any given time, depending on the current stage of the economic cycle of the overall market, the Underlying Index will target different subsets (that is, two or three) of those five factors (referred to as “factor configurations”). The Underlying Index is designed to utilize factor configurations that, in the view of the Index Provider, have historically outperformed other factors in certain stages of the economic cycle. The specific factor configurations used by the Underlying Index will change depending on which of the following four stages of the economic cycle currently is prevalent: recovery, expansion, slowdown and contraction. These four stages are defined as follows:</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Recovery</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is below trend but accelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Expansion</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is above trend and accelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Slowdown</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is above trend but decelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Contraction</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is below trend and decelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Invesco Indexing LLC (“Invesco Indexing”) identifies which stage of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">economic cycle it currently believes the market to be in by evaluating leading economic and market sentiment indicators (such as manufacturing business surveys, labor market conditions, monetary conditions and consumer sentiment surveys). Each month, Invesco Indexing informs the Index Provider on the current stage of the economic cycle, and the Index Provider uses that information to determine the appropriate factor configuration for the Underlying Index during that month. Each of the four stages is correlated to a specific, predetermined factor configuration.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">To determine which securities within the Parent Index are eligible for </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">inclusion in the Underlying Index in a given factor configuration, each constituent in the Parent Index is assigned a multi-factor score based on the extent to which the security exhibits a factor relative to the other constituents in the Parent Index. The multi-factor score is the product of the security’s individual factor scores, each of which is calculated based on certain aspects of the issuer, as set forth below.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Value</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s value factor score is based on an equally-weighted composite of cash flow yield, earnings yield, and sales to price ratio, calculated based on the company’s total market capitalization and information reported in the company’s most recent annual financial statement as of the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Momentum</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s momentum factor score is based on historical total return over the 11 months ending on the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Quality</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s quality factor score is based on a composite of three measures of profitability (return on assets, change in asset turnover and accruals) and a single measure of leverage, calculated as the ratio of operating cash flow to total debt based on information reported in the company’s most recent annual financial statement.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Low Volatility</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s volatility factor score is based on the standard deviation of weekly total returns to a company’s stock price over the trailing five years ending on the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Size</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s size factor score is based on total market capitalization as of the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">An initial weight for each security is determined from the product of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security’s multi-factor score and its weight in the Parent Index. The Underlying Index’s methodology will exclude securities from the Underlying Index if their relevant factor characteristics fall below certain relative thresholds, as set forth in the methodology rules of the Underlying Index, or if their adjusted weights fall below a certain de minimis amount. Finally, a maximum security weight limit is applied to ensure no security weight exceeds a fixed level.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index is sponsored by the Index Provider, which is </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">unaffiliated with the Fund, Invesco Indexing or Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”). However, since Invesco </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Indexing provides the Index Provider with monthly data relating to the stage of the economic cycle, Invesco Indexing may also be deemed a creator and sponsor of the Underlying Index. Invesco Indexing is affiliated with the Adviser and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 369</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents with market capitalizations ranging from $1.8</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">billion to $376.7 billion.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund employs a “full replication” methodology in seeking to track </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the industrials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the industrials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Foreign Investment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investments in the securities of non-U.S. issuers involve risks beyond those associated with investments in U.S. securities. Foreign securities may have relatively low market liquidity, greater market volatility, decreased publicly available information and less reliable financial information about issuers, and inconsistent and potentially less stringent accounting, auditing and financial reporting requirements and standards of practice, including recordkeeping standards, comparable to those applicable to domestic issuers. Foreign securities also are subject to the risks of expropriation, nationalization, political instability or other adverse political or economic developments and the difficulty of enforcing obligations in other countries. Investments in foreign securities also may be subject to dividend withholding or confiscatory taxes, currency blockage and/or transfer restrictions and higher transactional costs. To the extent the Fund invests in securities denominated in foreign currencies, fluctuations in the value of the U.S. dollar relative to the values of other currencies may adversely affect investments in foreign securities and may negatively impact the Fund’s returns.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">From time to time, certain companies in which the Fund invests may </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">operate in, or have dealings with, countries subject to sanctions or embargoes imposed by the U.S. government and the United Nations and/or in countries the U.S. government identified as state sponsors of terrorism. One or more of these companies may be subject to constraints under U.S. law or regulations that could negatively affect the company’s performance. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Additionally, one or more of these companies could suffer damage to its reputation if the market identifies it as a company that invests or deals with countries that the U.S. government identifies as state sponsors of terrorism or subjects to sanctions.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Geographic Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund may from time to time have a substantial amount of its assets invested in securities of issuers located in a single country or a limited number of countries. Adverse economic, political or social conditions in those countries may therefore have a significant negative impact on the Fund’s investment performance. For example, a natural or other disaster could occur in a country or geographic region in which the Fund invests, which could affect the economy or particular business operations of companies in that specific country or geographic region and adversely impact the Fund’s investments in the affected region.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold">Asia Pacific Investment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The level of development of the economies of countries in the Asia Pacific region varies greatly. Furthermore,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">since the economies of the</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">countries in the region are largely intertwined, if an economic recession is experienced by any of these countries,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">it will likely adversely impact the economic performance of other countries in the region. Certain economies in the region may be adversely affected by increased competition, high inflation rates, undeveloped financial services sectors,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">currency fluctuations or restrictions, political and social instability and increased economic volatility. Due to heavy reliance on international trade, a decrease in demand</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(due to recession or otherwise in</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the United States, Europe or Asia)</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">would adversely affect economic performance in the region.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">European Investment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Economic and Monetary Union (the “EMU”) of the European Union (the “EU”) requires compliance with restrictions on inflation rates, deficits, interest rates, debt levels and fiscal and monetary controls, each of which may significantly affect every country in Europe. Decreasing imports or exports, changes in governmental or EU regulations on trade, changes in the exchange rate of the euro, the default or threat of default by an EU member country on its sovereign debt, and recessions in an EU member country may have significant adverse effects on the economies of EU member countries. Responses to financial problems by EU countries may not produce the desired results, may limit future growth and economic recovery, may result in social unrest, or have other unintended consequences. Further defaults or restructurings by governments and other entities of their debt could have additional adverse effects on economies, financial markets, and asset valuations around the world. A number of countries in Eastern Europe remain relatively undeveloped and can be particularly sensitive to political and economic developments. Separately, the EU faces issues involving its membership, structure, procedures and policies. The exit of one or more member states from the EU, such as the departure of the United Kingdom (the “UK”) referred to as “Brexit”, could place the departing member’s currency and banking system under severe stress or even in jeopardy. An exit by other member states will likely result in increased volatility, illiquidity and potentially lower economic growth in the affected markets, which will adversely affect the Fund’s investments.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Equity Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Value Investing Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Value securities are subject to the risk that their valuations never improve or that the returns on value securities are less than returns on other styles of investing or the overall stock market. Thus, the value of the Fund’s investments will vary and, at times, may be lower than that of other types of investments.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Momentum Investing Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole, or that the returns on securities that previously have exhibited price momentum are less than the returns on other styles of investing. Momentum can turn quickly, and stocks that previously have exhibited high momentum may not experience continued positive momentum. In addition, there may be periods when the momentum style of investing is out of favor and therefore, the investment performance of the Fund may suffer.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold">Industrials Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Changes in government regulation,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">world events and economic conditions may</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">adversely affect companies in the industrials sector. In addition,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">these companies are</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">at risk for environmental and product liability damage claims. Also, commodity price volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">changes in exchange rates,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">imposition of import controls,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">increased competition,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">depletion of resources,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">technological developments and labor relations could adversely affect the companies in this sector.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Currency Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if the currency of a non-U.S. market in which the Fund invests depreciates against the U.S. dollar. Generally, an increase in the value of the U.S. dollar against a foreign currency will reduce the value of a security denominated in that foreign currency, thereby decreasing the Fund's overall NAV. Exchange rates may be volatile and may change quickly and unpredictably in response to both global economic developments and economic conditions, causing an adverse impact on the Fund. As a result, investors have the potential for losses regardless of the length of time they intend to hold Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Financial information related to securities of non-U.S. issuers may be less reliable than information related to securities of U.S. issuers, which may make it difficult to obtain a current price for a non-U.S. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security held by the Fund. In certain circumstances, market quotations may not be readily available for some Fund securities, and those securities may be fair valued. The value established for a security through fair valuation may be different from what would be produced if the security had been valued using market quotations. Fund securities that are valued using techniques other than market quotations, including “fair valued” securities, may be subject to greater fluctuations in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio security for the value established for it at any time, and it is possible that the Fund would incur a loss because a security is sold at a discount to its established value.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Valuation Time Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Because foreign exchanges may be open on days when the Fund does not price its Shares, the value of the non-U.S. securities in the Fund’s portfolio may change on days when you will not be able to purchase or sell your Shares. As a result, trading spreads and the resulting premium or discount on the Shares may widen, and, therefore, increase the difference between the market price of the Shares and the NAV of such Shares.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Portfolio Turnover Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1imfli002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">5.21%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2022</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; margin-left:0.0pt">16.64%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2022</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-13.44%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0521 Best Quarter 2022-12-31 0.1664 Worst Quarter 2022-06-30 -0.1344 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:166.19pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.32pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.27pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:36.22pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">2/24/2021</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">24.96</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.34</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">23.53</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.17</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of Fund </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">15.30</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.06</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:35.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">FTSE Developed ex US Invesco Dynamic Multifactor Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(Net) (reflects reinvested dividends net of withholding </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes, but reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">other taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">25.70</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.02</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">MSCI EAFE</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Index (Net) (reflects reinvested dividends net </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">of withholding taxes, but reflects no deduction for fees, </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">expenses or other taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">18.24</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.03</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:166.19pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">FTSE Developed ex US Index (Net) (reflects reinvested </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">dividends net of withholding taxes, but reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or other taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.32pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.32pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.27pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.27pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">18.06</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.64</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="4" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6.0pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the FTSE Developed ex US Index (Net) to the MSCI EAFE</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index (Net) to reflect that the MSCI EAFE</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index (Net) can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2021-02-24 0.2496 0.0434 0.2353 0.0317 0.153 0.0306 (reflects reinvested dividends net of withholding taxes, but reflects no deduction for fees, expenses or other taxes) 0.257 0.0502 0.1824 0.0303 0.1806 0.0264 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the FTSE Developed ex US Index (Net) to the MSCI EAFE® Index (Net) to reflect that the MSCI EAFE® Index (Net) can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6.0pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco Investment Grade Defensive ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco Investment Grade Defensive Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.13</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.13</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0013 0 0.0013 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$13</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$42</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$73</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$166</span></div> </div> </td> </tr> </table> </div> 13 42 73 166 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 75% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.75 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Strictly in accordance with its guidelines and mandated procedures, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index, which is designed to provide exposure to U.S. investment grade bonds having the highest “quality scores”</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">as determined by the Index Provider using its methodology described below. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">In selecting components for inclusion in the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider begins with an investment universe of all U.S. dollar-denominated bonds issued by U.S. companies. To be eligible for inclusion in the Underlying Index, bonds must (i) have an average credit rating that is higher than BBB- (or equivalent), as derived from ratings by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), Fitch Ratings Inc. (“Fitch”) and Moody’s Investors Service, Inc. (“Moody’s”) credit rating agencies; (ii) have at least $600 million in face value outstanding, with only the largest bond from each issuer eligible; (iii) have at least two years, and no more than ten years, until final maturity; and (iv) make coupon payments. Qualifying securities include: fixed rate, bullet bonds, sinking funds, amortizing, puttable, extendable, callable, and step-up bonds with schedules known at issuance. Securities </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">issued in accordance with Rule 144A (“Rule 144A securities”) under the Securities Act of 1933, as amended (the “Securities Act”), bonds registered with the Securities and Exchange Commission (“SEC”), publicly underwritten medium-term notes and Eurodollar bonds are all eligible for inclusion in the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Index Provider assigns a quality score (“Quality Score”) to each </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">eligible bond, which is calculated based on such bond’s maturity and credit rating. With respect to the maturity factor, each bond is scored based on the number of years remaining to maturity, with bonds having fewer years to maturity receiving higher scores. With respect to the credit rating factor, each rating agency’s rating is converted into a numerical value and a bond’s credit score is calculated as an equally-weighted average of the numerical scores of each agency that has rated the bond. The maturity and credit scores for each bond are standardized across the universe of eligible bonds, and the Quality Score for each bond is computed as an equally-weighted combination of these two factors.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">All eligible securities are ranked by Quality Score. Initially, bonds with </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Quality Scores in the top 40% of eligible securities are selected for inclusion in the Underlying Index. At each monthly rebalance, any new eligible security with a Quality Score in the top 30% of eligible securities is added to the Underlying Index, and current Underlying Index constituents with a Quality Score in the top 50% of eligible securities remain in the Underlying Index, provided that they satisfy all other eligibility criteria. Underlying Index constituents are equally weighted. The Underlying Index is rebalanced each calendar month. At that time, the set of eligible securities is determined, securities are selected for membership in the Underlying Index, and the Underlying Index is reweighted.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 154</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund does not purchase all of the securities in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.</span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fixed-Income Securities Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Changing Fixed-Income Market Conditions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Fluctuations in the federal funds and equivalent foreign interest rates or other changes to monetary policy or regulatory actions may expose fixed-income markets to heightened volatility,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed-income investments, particularly those with longer maturities, when rates increase. Such changes and resulting increased volatility may adversely impact the Fund, including its operations and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by APs (as defined herein), which could potentially increase the Fund’s portfolio turnover rate and transaction costs.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Financials Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may be susceptible to adverse economic or regulatory occurrences affecting the financials sector. Financial services companies are subject to extensive government regulation and, as a result, their profitability may be affected by new regulations or regulatory interpretations. Changes in interest rates can have a disproportionate effect on the financials sector, and financial services companies whose securities the Fund may purchase may themselves have concentrated portfolios, which makes them vulnerable to economic conditions that affect that sector. Financial services companies have also been affected by increased competition, which could adversely affect the profitability or viability of such companies.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Rule 144A Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may invest in securities that are normally purchased or resold pursuant to Rule 144A under the Securities Act. Rule 144A securities are restricted securities that are not publicly traded. As such, Rule 144A securities may be subject to legal restrictions on resale. Rule 144A securities are generally not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Call Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, the Fund may have to replace such called security with a lower yielding security. If that were to happen, the Fund’s net investment income could fall.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Reinvestment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning. Reinvestment risk is greater during periods of declining interest rates, as prepayments often occur faster. It is related to call risk, since issuers of callable securities with high interest coupons may call their bonds before their maturity date. This may require the Fund to reinvest the proceeds at an earlier date, and it may be able to do so only at lower yields, thereby reducing its return.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Liquidity Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Liquidity risk exists when a particular investment is difficult to purchase or sell. If the Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Sampling Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund's use of a representative sampling methodology may result in it holding a smaller number of securities than are in the Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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.  Additionally, the Fund's use of a representative sampling approach may cause the Fund not to be as well correlated with the return of the Underlying Index as would be the case if the Fund purchased all of the securities in the Underlying Index in the proportions represented in 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Additionally, investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1iigdi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:28.32pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">5.24%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2020</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">5.34%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2022</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:28.32pt"> <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; margin-left:0.0pt">-4.36%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0524 Best Quarter 2020-06-30 0.0534 Worst Quarter 2022-03-31 -0.0436 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:140.57pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.07pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:25.42pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">7/25/2018</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.67</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.03</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.12</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">4.04</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">0.97</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.04</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">3.32</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.13</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.19</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco Investment Grade Defensive Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.88</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.22</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.32</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Bloomberg U.S. Aggregate Bond Index (reflects </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">no deduction for fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">5.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.10</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">1.31</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:140.57pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">iBoxx USD Liquid Investment Grade Index </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">(reflects no deduction for fees, expenses or </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.42pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:15.42pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">9.45</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.92</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:15.43pt"> <div style="display:flex; white-space:nowrap; width:15.43pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:15.43pt">2.63</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the iBoxx USD Liquid Investment Grade Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2018-07-25 0.0567 0.0203 0.0212 0.0404 0.0097 0.0104 0.0332 0.0113 0.0119 (reflects no deduction for fees, expenses or taxes) 0.0588 0.0222 0.0232 0.0553 0.011 0.0131 0.0945 0.0292 0.0263 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the iBoxx USD Liquid Investment Grade Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco RAFI</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">TM</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Strategic US ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.19</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.19</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0019 0 0.0019 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$19</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$61</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$107</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$242</span></div> </div> </td> </tr> </table> </div> 19 61 107 242 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 14% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.14 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Strictly in accordance with its guidelines and mandated procedures, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index, which is designed to measure the performance of equity securities of U.S. companies that tend to have relatively larger, higher quality businesses. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Index Provider selects components for inclusion in the Underlying </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index from an investment universe of domestic equity securities with at least one year of trading history. Each eligible equity security is assigned a business-size score (“Business-Size Score”) based on the equally-weighted average of the following four factors of company size over the prior five years (or, if shorter, the life of the security): sales, operating cash flow, total return of capital (dividends and share repurchases) and book value. For real estate securities (real estate investment trusts (“REITs”) and common stocks of companies in the real estate sector), operating cash flow is replaced by funds from operations and book value is replaced by total assets.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Each eligible security is then assigned a quality score (“Quality Score”) </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">based on the equally-weighted average of the following two quality factors of its company’s business: efficiency (calculated as the ratio of </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">sales-to-assets in the prior year) and growth (calculated as the percentage change in the ratio of sales-to-assets over the prior five years (or, if shorter, the life of the security)).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Each eligible security is ranked in descending order by its Business-Size </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Score. Those securities ranked within the top 90% in cumulative Business-Size Score are eligible for inclusion in the Underlying Index and, of those, the 80% with the highest Quality Scores are included in the Underlying Index. Securities in the Underlying Index are weighted proportionally to their float-adjusted Business-Size Scores.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 552</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents with market capitalizations ranging from approximately $421.3 million to $3.4 trillion.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund employs a “full replication” methodology in seeking to track </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> 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 style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Equity Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Small- and Mid-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small- and 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. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small- and 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">REIT Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1iusi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">17.54%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">June 30, 2020</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; margin-left:0.0pt">19.53%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2020</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-22.78%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1754 Best Quarter 2020-06-30 0.1953 Worst Quarter 2020-03-31 -0.2278 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:137.97pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.07pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.02pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">9/12/2018</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">20.80</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">16.73</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.93</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">20.26</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">16.21</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.42</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.63</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.44</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">10.27</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Invesco Strategic US Index (reflects no </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">deduction for fees, expenses or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">21.01</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">16.93</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.12</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">25.96</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">15.16</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.10</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">26.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">15.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.57</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index to the Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index to reflect that the Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2018-09-12 0.208 0.1673 0.1293 0.2026 0.1621 0.1242 0.1263 0.1344 0.1027 (reflects no deduction for fees, expenses or taxes) 0.2101 0.1693 0.1312 0.2596 0.1516 0.111 0.2653 0.1552 0.1157 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 1000® Index to the Russell 3000® Index to reflect that the Russell 3000® Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Dynamic Multifactor ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Invesco Dynamic Multifactor Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.29</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.29</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0029 0 0.0029 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$30</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$93</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$163</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$368</span></div> </div> </td> </tr> </table> </div> 30 93 163 368 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 267% of the average value of its portfolio.</span></div> Portfolio Turnover. 2.67 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Strictly in accordance with its guidelines and mandated procedures, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">FTSE Russell (the “Index Provider”) compiles and maintains the Underlying Index, which is an index of U.S. equity securities designed to reflect a dynamic combination of “factor investing” strategies that, in the view of the Index Provider, have historically outperformed other factors during various parts of the economic cycle. The Underlying Index’s universe of investable stocks is taken from the Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Index (the “Parent Index”), which measures the performance of approximately 1,000 of the largest companies in the United States by market capitalization.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">A factor is a stock characteristic that is associated with a security’s </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">risk and return profile (e.g., high quality, high momentum or low volatility). The Underlying Index’s rules-based framework seeks to identify equity securities that tend to exhibit various investment factors to a greater extent than the overall market, depending on the overall economic environment. The Underlying Index emphasizes investments that exhibit the following factors: low volatility, momentum, quality, size and value. At any given time, depending on the current stage of the economic cycle of the overall market, the Underlying Index will target different subsets (that is, two or three) of those five factors (referred to as “factor configurations”). The Underlying Index is designed to utilize factor configurations that, in the view of the Index </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider, have historically outperformed other factors in certain stages of the economic cycle. The specific factor configurations used by the Underlying Index will change depending on which of the following four stages of the economic cycle currently is prevalent: recovery, expansion, slowdown and contraction. These four stages are defined as follows:</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:15pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Recovery</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is below trend but accelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:15pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Expansion</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is above trend and accelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:15pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Slowdown</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is above trend but decelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:15pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Contraction</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is below trend and decelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Invesco Indexing LLC (“Invesco Indexing”) identifies which stage of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the economic cycle it currently believes the market to be in by evaluating leading economic and market sentiment indicators (such as manufacturing business surveys, labor market conditions, monetary conditions and consumer sentiment surveys). Each month, Invesco Indexing informs the Index Provider on the current stage of the economic cycle, and the Index Provider uses that information to determine the appropriate factor configuration for the Underlying Index during that month. Each of the four stages is correlated to a specific, predetermined factor configuration.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">To determine which securities within the Parent Index are eligible </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">for inclusion in the Underlying Index in a given factor configuration, each constituent in the Parent Index is assigned a multi-factor score based on the extent to which the security exhibits a factor relative to the other constituents in the Parent Index. The multi-factor score is the product of the security’s individual factor scores, each of which is calculated based on certain aspects of the issuer, as set forth below.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Value.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> A company’s value factor score is based on an equally-weighted composite of cash flow yield, earnings yield, and sales to price ratio, calculated based on the company’s total market capitalization and information reported in the company’s most recent annual financial statement as of the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Momentum</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s momentum factor score is based on historical total return over the 11 months ending on the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Quality</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s quality factor score is based on a composite of three measures of profitability (return on assets, change in asset turnover and accruals) and a single measure of leverage, calculated as the ratio of operating cash flow to total debt based on information reported in the company’s most recent annual financial statement.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Low Volatility</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s volatility factor score is based on the standard deviation of weekly total returns to a company’s stock price over the trailing five years ending on the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Size</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s size factor score is based on total market capitalization as of the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">An initial weight for each security is determined from the product of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security’s multi-factor score and its weight in the Parent Index. The Underlying Index’s methodology will exclude securities from the Underlying Index if their relevant factor characteristics fall below certain relative thresholds, as set forth in the methodology rules of the Underlying Index, or if their adjusted weights fall below a certain de minimis amount. Finally, a maximum security weight limit is applied to ensure no security weight exceeds a fixed level.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index is sponsored by the Index Provider, which </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">is unaffiliated with the Fund, Invesco Indexing or Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”). However, since Invesco Indexing provides the Index Provider with monthly data relating to the stage of the economic cycle, Invesco Indexing may also be deemed a creator and sponsor of the Underlying Index. Invesco Indexing is affiliated with the Adviser and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 248</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents with market capitalizations ranging from $4</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">billion to $3.4</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">trillion.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund employs a “full replication” methodology in seeking to track </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the information technology sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the information technology sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Equity Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Value Investing Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Value securities are subject to the risk that their valuations never improve or that the returns on value securities are less than returns on other styles of investing or the overall stock market. Thus, the value of the Fund’s investments will vary and, at times, may be lower than that of other types of investments.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Momentum Investing Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The momentum style of investing is subject to the risk that the securities may be more volatile than the market </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">as a whole, or that the returns on securities that previously have exhibited price momentum are less than the returns on other styles of investing. Momentum can turn quickly, and stocks that previously have exhibited high momentum may not experience continued positive momentum. In addition, there may be periods when the momentum style of investing is out of favor and therefore, the investment performance of the Fund may suffer.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Information Technology Sector Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Factors such as the failure to obtain, or delays in obtaining, financing or regulatory approval, intense competition, product compatibility, consumer preferences, corporate capital expenditure, rapid obsolescence, competition from alternative technologies, and research and development of new products may significantly affect the market value of securities of issuers in the information technology sector.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Portfolio Turnover Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is the successor to the investment performance of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the Oppenheimer Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Dynamic Multifactor 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 24, 2019. Accordingly, the performance shown below for periods ending on or prior to May 24, 2019 is that of the Predecessor Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1omfli002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">4.28%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2020</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; margin-left:0.0pt">29.16%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2020</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-21.94%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0428 Best Quarter 2020-12-31 0.2916 Worst Quarter 2020-03-31 -0.2194 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:137.97pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.07pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.02pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">11/8/2017</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">21.43</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">17.19</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">14.15</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">20.94</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">16.74</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.71</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.89</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">13.83</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.39</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Invesco Dynamic Multifactor </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Index (reflects no deduction for fees, expenses </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">21.86</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">17.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">14.48</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">25.96</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">15.16</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.82</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">26.53</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">15.52</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.18</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 1000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index to the Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index to reflect that the Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2017-11-08 0.2143 0.1719 0.1415 0.2094 0.1674 0.1371 0.1289 0.1383 0.1139 (reflects no deduction for fees, expenses or taxes) 0.2186 0.1753 0.1448 0.2596 0.1516 0.1182 0.2653 0.1552 0.1218 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 1000® Index to the Russell 3000® Index to reflect that the Russell 3000® Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. Summary Information Investment Objective <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Invesco Russell 2000</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Dynamic Multifactor ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Russell 2000</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Invesco Dynamic Multifactor Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="border-top:0.5pt solid #000000; empty-cells:show; width:270pt"> <tr style="height:23pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Annual Fund Operating Expenses</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> (expenses that you pay each year as a percentage of the </span></div> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">value of your investment)</span></div> </div> </td> </tr> <tr style="height:12.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.39</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">None</span></div> </div> </div> </td> </tr> <tr style="height:3.5pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:253.34pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:16.66pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:14.66pt"> <div style="display:flex; margin:auto; width:16.66pt"> <div style="display:flex; white-space:nowrap; width:16.66pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:16.66pt">0.39</span></div> </div> </div> </td> </tr> <tr style="height:2.75pt"> <td colspan="2" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0039 0 0.0039 <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-top:0.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:13.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1 Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">3 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5 Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; padding-bottom:2.0pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:5pt; margin-top:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">10 Years</span></div> </div> </td> </tr> <tr style="height:9.75pt"> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$40</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$125</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:70pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; margin-right:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$219</span></div> </div> </td> <td style="background-color:azure; padding-bottom:4.5pt; padding-top:2.0pt; vertical-align:Bottom; width:65pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-left:5pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">$493</span></div> </div> </td> </tr> </table> </div> 40 125 219 493 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 271% of the average value of its portfolio.</span></div> Portfolio Turnover. 2.71 Principal Investment Strategies <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Strictly in accordance with its guidelines and mandated procedures, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">FTSE Russell (the “Index Provider”) compiles and maintains the Underlying Index, which is an index of U.S. equity securities designed to reflect a dynamic combination of “factor investing” strategies that, in the view of the Index Provider, have historically outperformed other factors during various parts of the economic cycle. The Underlying Index’s universe of investable stocks is taken from the Russell 2000</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Index (the “Parent Index”), which measures the performance of approximately 2,000 small capitalization companies in the United States.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">A factor is a stock characteristic that is associated with a security’s </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">risk and return profile (e.g., high quality, high momentum or low volatility). The Underlying Index’s rules-based framework seeks to identify equity securities that tend to exhibit various investment factors to a greater extent than the overall market, depending on the overall economic environment. The Underlying Index emphasizes investments that exhibit the following factors: low volatility, momentum, quality, size and value. At any given time, depending on the current stage of the economic cycle of the overall market, the Underlying Index will target different subsets (that is, two or three) of those five factors (referred to as “factor configurations”). The Underlying Index is designed to utilize factor configurations that, in the view of the Index </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider, have historically outperformed other factors in certain stages of the economic cycle. The specific factor configurations used by the Underlying Index will change depending on which of the following four stages of the economic cycle currently is prevalent: recovery, expansion, slowdown and contraction. These four stages are defined as follows:</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:15pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Recovery</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is below trend but accelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:15pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Expansion</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is above trend and accelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:15pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Slowdown</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is above trend but decelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; margin-left:15pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Contraction</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">: when growth is below trend and decelerating.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Invesco Indexing LLC (“Invesco Indexing”) identifies which stage of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the economic cycle it currently believes the market to be in by evaluating leading economic and market sentiment indicators (such as manufacturing business surveys, labor market conditions, monetary conditions and consumer sentiment surveys). Each month, Invesco Indexing informs the Index Provider on the current stage of the economic cycle, and the Index Provider uses that information to determine the appropriate factor configuration for the Underlying Index during that month. Each of the four stages is correlated to a specific, predetermined factor configuration.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">To determine which securities within the Parent Index are eligible </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">for inclusion in the Underlying Index in a given factor configuration, each constituent in the Parent Index is assigned a multi-factor score based on the extent to which the security exhibits a factor relative to the other constituents in the Parent Index. The multi-factor score is the product of the security’s individual factor scores, each of which is calculated based on certain aspects of the issuer, as set forth below.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Value</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s value factor score is based on an equally-weighted composite of cash flow yield, earnings yield, and sales to price ratio, calculated based on the company’s total market capitalization and information reported in the company’s most recent annual financial statement as of the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Momentum</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s momentum factor score is based on historical total return over the 11 months ending on the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Quality</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s quality factor score is based on a composite of three measures of profitability (return on assets, change in asset turnover and accruals) and a single measure of leverage, calculated as the ratio of operating cash flow to total debt based on information reported in the company’s most recent annual financial statement.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Low Volatility</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. A company’s volatility factor score is based on the standard deviation of weekly total returns to a company’s stock price over the trailing five years ending on the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; position:relative; width:100%"> <div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">■ </span></div> <div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">Size.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> A company’s size factor score is based on total market capitalization as of the last business day of the prior month.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">An initial weight for each security is determined from the product of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security’s multi-factor score and its weight in the Parent Index. The Underlying Index’s methodology will exclude securities from the Underlying Index if their relevant factor characteristics fall below certain relative thresholds, as set forth in the methodology rules of the Underlying Index, or if their adjusted weights fall below a certain de minimis amount. Finally, a maximum security weight limit is applied to ensure no security weight exceeds a fixed level.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Underlying Index is sponsored by the Index Provider, which </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">is unaffiliated with the Fund, Invesco Indexing or Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”). However, since Invesco Indexing provides the Index Provider with monthly data relating to the stage of the economic cycle, Invesco Indexing may also be deemed a creator and sponsor of the Underlying Index. Invesco Indexing is affiliated with the Adviser and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 676</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents with market capitalizations ranging from $206.4 million to $13.7 billion.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund employs a “full replication” methodology in seeking to track </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; margin-left:15pt">Concentration Policy. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.</span></div> 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. As of August 31, 2024, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Equity Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Small- and Mid-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small- and 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. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small- and mid-capitalization companies and the industries in which </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Value Investing Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Value securities are subject to the risk that their valuations never improve or that the returns on value securities are less than returns on other styles of investing or the overall stock market. Thus, the value of the Fund’s investments will vary and, at times, may be lower than that of other types of investments.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Momentum Investing Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole, or that the returns on securities that previously have exhibited price momentum are less than the returns on other styles of investing. Momentum can turn quickly, and stocks that previously have exhibited high momentum may not experience continued positive momentum. In addition, there may be periods when the momentum style of investing is out of favor and therefore, the investment performance of the Fund may suffer.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Financials Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund may be susceptible to adverse economic or regulatory occurrences affecting the financials sector. Financial services companies are subject to extensive government regulation and, as a result, their profitability may be affected by new regulations or regulatory interpretations. Changes in interest rates can have a disproportionate effect on the financials sector, and financial services companies whose securities the Fund may purchase may themselves have concentrated portfolios, which makes them vulnerable to economic conditions that affect that sector. Financial services companies have also been affected by increased competition, which could adversely affect the profitability or viability of such companies.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Portfolio Turnover Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. Additionally,</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">investments in non-U.S. securities</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">may have lower trading volumes or could experience extended market closures or trading halts. To the extent that the Fund invests in non-U.S. securities, it may face increased risks that APs may not be able to effectively create or redeem Creation Units, or that the Shares may be halted and/or delisted.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Market Trading Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Operational Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Shares May Trade at Prices Different than NAV.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">returns compared with a broad measure of market performance and additional indices 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 Narrow; font-size:10pt; line-height:11pt"> </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">The Fund is the successor to the investment performance of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Oppenheimer Russell 2000</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Dynamic Multifactor 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 24, 2019. Accordingly, the performance shown below for periods ending on or prior to May 24, 2019 is that of the Predecessor Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 additional indices 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 <img alt=" " src="tm2426227d1omfsi002.jpg" style="height:86pt; width:267pt"/> <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:0.5pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Year-to-date</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">September 30, 2024</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: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; margin-left:0.0pt">3.22%</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">December 31, 2020</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; margin-left:0.0pt">38.82%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style="background-color:azure; padding-top:1.75pt; vertical-align:Bottom; width:64.89pt"> <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; margin-left:0.0pt">March 31, 2020</span></div> </div> </td> <td style="background-color:azure; 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; margin-left:0.0pt">-33.16%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0322 Best Quarter 2020-12-31 0.3882 Worst Quarter 2020-03-31 -0.3316 Average Annual Total Returns (for the periods ended December 31, 2023)  <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:270pt"> <tr style="height:21.75pt"> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:137.97pt"> <div style="line-height:0.5pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt"> </span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:39.07pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> <div style="margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Date</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.02pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">1</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Year</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:28.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">5</span></div> <div style="margin-left:3pt; margin-right:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Years</span></div> </div> </td> <td style=" border-bottom:0.5pt solid #7F7F7F; vertical-align:Bottom; width:35.97pt"> <div style="line-height:10.0pt; text-align:left"> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Since</span></div> <div style="margin-left:3pt; text-align:Center; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold">Inception</span></div> </div> </td> </tr> <tr style="height:13.25pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return Before Taxes</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:33.32pt">11/8/2017</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">15.28</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.33</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">8.92</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions</span></div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">14.83</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.92</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">8.52</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Return After Taxes on Distributions and Sale of </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Fund Shares</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.20</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.75</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">7.00</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Russell 2000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Invesco Dynamic Multifactor </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">Index (reflects no deduction for fees, expenses </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">or taxes)</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">16.04</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">12.89</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.45</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span> <div style="clear:right"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">25.96</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">15.16</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">11.82</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:137.97pt"> <div style="line-height:9pt; text-align:left"> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt">Russell 2000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:0.0pt"> Index (reflects no deduction for </span></div> <div style="margin-right:2pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; margin-left:4pt">fees, expenses or taxes)</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:39.07pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:32.07pt"> <div style="display:flex; margin:auto; width:33.32pt"> <div style="display:flex; white-space:nowrap; width:33.32pt"> </div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.02pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.02pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">16.93</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:28.97pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:18.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">9.97</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <div style="display:flex; margin:auto; width:19.27pt"> <div style="display:flex; white-space:nowrap; width:19.27pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:19.27pt">6.67</span></div> </div> </div> </td> </tr> <tr style="height:5.25pt"> <td colspan="5" style=" vertical-align:Bottom; width:270.00pt"> <div style="line-height:3.5pt; text-align:left"> <div style="margin-right:-2pt; text-align:Left; white-space:nowrap"> </div> </div> </td> </tr> </table> </div><div style="clear:both; margin-top:6pt; position:relative; width:100%"> <div style="float:left; line-height:9.0pt; text-align:left; width:3.84pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">1</span></div> <div style="float:left; line-height:9.0pt; margin-left:8.16pt; text-align:left; width:253.00pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 2000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index to the Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index to reflect that the Russell 3000</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; position:relative; top:-3.25pt">®</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt"> Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2017-11-08 0.1528 0.1233 0.0892 0.1483 0.1192 0.0852 0.092 0.0975 0.07 (reflects no deduction for fees, expenses or taxes) 0.1604 0.1289 0.0945 0.2596 0.1516 0.1182 0.1693 0.0997 0.0667 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 2000® Index to the Russell 3000® Index to reflect that the Russell 3000® Index can be considered more broadly representative of the overall applicable securities market. <div style="line-height:11.0pt; margin-top:6pt; text-align:left"> <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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> </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. false 2024-08-31 485BPOS 0001657201 0.1287 -0.0449 0.1418 0.2114 -0.0373 0.2829 0.0746 0.2488 -0.0759 0.1064 0.0535 0.0565 -0.0191 0.1291 0.0820 -0.0128 -0.0599 0.0503 -0.0452 0.1674 0.0428 0.0458 -0.0529 0.1087 0.0472 0.0069 -0.0507 0.0296 0.0561 -0.0237 0.1405 0.0978 -0.0169 -0.0829 0.0569 0.1801 0.0278 0.0462 -0.0750 0.1026 0.0506 0.0107 -0.0769 0.0346 -0.0289 0.1521 0.0989 -0.0167 -0.0958 0.0625 0.0549 0.0378 -0.1147 0.1231 0.0485 0.0116 -0.0772 0.0421 0.1563 0.1029 -0.0172 -0.1134 0.0744 0.0313 -0.1376 0.1271 0.0661 0.0154 -0.1006 0.0480 0.1083 -0.0200 -0.1285 0.0826 -0.1500 0.1413 0.0708 0.0133 -0.1113 0.0538 -0.0298 -0.1488 0.0808 0.1372 0.0146 -0.1355 0.0610 -0.1681 0.0860 -0.1500 0.0652 0.0885 -0.1671 0.2496 0.0763 0.0634 -0.0137 -0.0734 0.0567 0.2897 0.1522 0.3181 -0.0840 0.2080 -0.0230 0.3572 0.2076 0.2893 -0.1385 0.2143 -0.0842 0.2703 0.1469 0.2878 -0.1731 0.1528 “Other Expenses” have been restated to reflect current fees. The Blended-Invesco Bloomberg Pricing Power Benchmark reflects the performance of the Sabrient Defensive Equity Index, a previous underlying index, for the period prior to October 24, 2016, followed by the performance of the Invesco Defensive Equity Index, the previous underlying index, from October 24, 2016 through August 25, 2023, and the Underlying Index thereafter. Prior to its commencement date of June 29, 2023, performance for the Underlying Index is not available. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, including money market funds. These expenses are based on the total expense ratio of the underlying funds disclosed in each underlying fund’s most recent shareholder report. Please note that the amount of “Total Annual Fund Operating Expenses” shown in the above table may differ from the ratio of expenses to average net assets included in the “Financial Highlights” section of this prospectus, which reflects the operating expenses of the Fund and does not include indirect expenses such as Acquired Fund Fees and Expenses. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate High Yield Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Corporate Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. “Other Expenses” are based on estimated amounts for the current fiscal year. “Other Expenses” are based on estimated amounts for the current fiscal year. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the FTSE Developed ex US Index (Net) to the MSCI EAFE® Index (Net) to reflect that the MSCI EAFE® Index (Net) can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the iBoxx USD Liquid Investment Grade Index to the Bloomberg U.S. Aggregate Bond Index to reflect that the Bloomberg U.S. Aggregate Bond Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 1000® Index to the Russell 3000® Index to reflect that the Russell 3000® Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 1000® Index to the Russell 3000® Index to reflect that the Russell 3000® Index can be considered more broadly representative of the overall applicable securities market. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Russell 2000® Index to the Russell 3000® Index to reflect that the Russell 3000® Index can be considered more broadly representative of the overall applicable securities market.