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ck0001378872:index_Blended_ICE_Variable_Rate_Preferred_Hybrid_Securities_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2019-01-01 2023-12-31 0001378872 ck0001378872:doc_Invesco_Variable_Rate_Preferred_ETFMember ck0001378872:index_Blended_ICE_Variable_Rate_Preferred_Hybrid_Securities_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2014-05-01 2023-12-31 0001378872 ck0001378872:doc_Invesco_Variable_Rate_Preferred_ETFMember ck0001378872:index_Bloomberg_US_Aggregate_Bond_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2023-01-01 2023-12-31 0001378872 ck0001378872:doc_Invesco_Variable_Rate_Preferred_ETFMember ck0001378872:index_Bloomberg_US_Aggregate_Bond_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2019-01-01 2023-12-31 0001378872 ck0001378872:doc_Invesco_Variable_Rate_Preferred_ETFMember ck0001378872:index_Bloomberg_US_Aggregate_Bond_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2014-05-01 2023-12-31 0001378872 ck0001378872:doc_Invesco_Variable_Rate_Preferred_ETFMember ck0001378872:index_SP_US_Preferred_Stock_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2023-01-01 2023-12-31 0001378872 ck0001378872:doc_Invesco_Variable_Rate_Preferred_ETFMember ck0001378872:index_SP_US_Preferred_Stock_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2019-01-01 2023-12-31 0001378872 ck0001378872:doc_Invesco_Variable_Rate_Preferred_ETFMember ck0001378872:index_SP_US_Preferred_Stock_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2014-05-01 2023-12-31 0001378872 ck0001378872:doc_Invesco_Variable_Rate_Preferred_ETFMember ck0001378872:C000139641Member 2024-08-31 2024-08-31 pure iso4217:USD N-1A Invesco Exchange-Traded Fund Trust II 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 Dorsey Wright SmallCap Momentum ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Dorsey Wright</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">SmallCap Tech Leaders</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"> 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">0.60</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.60</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) 0.006 0 0.006 <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">$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">$192</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">$335</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">$750</span></div> </div> </td> </tr> </table> </div> 61 192 335 750 <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 178% of the average value of its portfolio.</span></div> Portfolio Turnover. 1.78 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 90% 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">Strictly in accordance with its guidelines and mandated procedures, Dorsey, Wright &amp; Associates, LLC (“Dorsey Wright” or the “Index Provider”) compiles and maintains the Underlying Index, which is composed of approximately 200 securities from an eligible universe of approximately 2,000 small-cap securities (that is, securities ranked 1,001 to 3,000 by market capitalization within the Nasdaq US Benchmark</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"> Index, a float adjusted market capitalization-weighted index designed to track the performance of the U.S. equity market). Dorsey Wright selects securities for the Underlying Index pursuant to a proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength or “momentum” characteristics. “Relative strength” is an investing technique that seeks to determine the strongest performing securities by measuring certain factors, such as a security’s relative performance against the overall market over a set period or a security’s relative strength value, which is derived by comparing the rate of increase of the security’s price as compared to that of a benchmark 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 uses a proprietary methodology to analyze the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">relative strength of each security within the universe of eligible securities and determine a “momentum” score. In general, momentum is the tendency of an investment to exhibit persistence in its relative performance; a </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">“momentum” style of investing emphasizes investing in securities that have had better recent performance compared to other securities. The momentum score for each security included in the Underlying Index is based on intermediate and long-term price movements of the security as compared to a representative benchmark and other eligible securities within the Underlying Index universe.</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">After giving each eligible security a momentum score, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider selects approximately 200 securities with the highest momentum scores for inclusion in the Underlying Index. The Index Provider weights each security by its momentum score, with higher scoring securities representing a greater weight 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 200 securities with market capitalizations ranging from $176.9 million to $31.8 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">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">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-Diversification Risk.</span> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, <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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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="tm2426228d1dwasi002.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">11.51%</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">30.94%</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, 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">-28.29%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1151 Best Quarter 2020-06-30 0.3094 Worst Quarter 2020-03-31 -0.2829 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:149.97pt"> <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: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:149.97pt"> <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">7/19/2012</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">16.83</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">14.60</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: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">8.18</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:10.25pt"> <td style=" vertical-align:Bottom; width:149.97pt"> <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">16.20</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">14.40</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">8.07</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">10.02</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">11.71</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">6.65</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:149.97pt"> <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">Dorsey Wright SmallCap Tech Leaders™ 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><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">17.11</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">15.17</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">8.75</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:149.97pt"> <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 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">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">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: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">11.48</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:149.97pt"> <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 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: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: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">7.16</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 Dorsey Wright SmallCap Tech Leaders™ 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; line-height:9pt"> </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> 2012-07-19 0.1683 0.146 0.0818 0.162 0.144 0.0807 0.1002 0.1171 0.0665 (reflects no deduction for fees, expenses or taxes) 0.1711 0.1517 0.0875 0.2596 0.1516 0.1148 0.1693 0.0997 0.0716 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Dorsey Wright SmallCap Tech Leaders™ 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; 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 ESG NASDAQ 100 ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Nasdaq-100 ESG™</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">Index</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; line-height:11pt; position:relative; top:-4.25pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(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">0.20</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">0.20</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) 0.002 0 0.002 <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">$20</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">$64</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">$113</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">$255</span></div> </div> </td> </tr> </table> </div> 20 64 113 255 <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 17% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.17 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 90% 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">Nasdaq, Inc. (“Nasdaq” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of companies included in the Nasdaq-100 Index</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"> (the “Parent Index”) that also meet the Index Provider's environmental, social and governance (“ESG”) criteria. The Parent Index includes securities of 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market</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"> LLC based on market capitalization. Security types generally eligible for inclusion in the Parent Index are common stocks and tracking stocks of companies located in the United States, as well as American Depositary Receipts (“ADRs”) that represent securities of non-U.S. issuers.</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 Parent Index reflects companies from all major sectors, except for </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">companies that are classified as “financials” according to the Industry Classification Benchmark (“ICB”). Securities of companies organized as real estate investment trusts (“REITs”),</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 of Special Purpose Acquisition Companies (“SPACs”), and “when-issued” securities are not eligible for inclusion in the Parent 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">Companies that are included in the Parent Index are evaluated for </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">inclusion in the Underlying Index on the basis of the Index Provider's ESG </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">criteria, which considers a company’s (i) business activities, (ii) business controversy levels and ESG risk ratings, and (iii) adherence to the principles of the United Nations (“UN”) Global Compact and related international norms and standards.</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 employs negative screens to exclude securities of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">companies with business activities that do not meet the eligibility criteria for the Underlying Index. Such screens rely on information from Sustainalytics, a globally-recognized independent provider of ESG research, ratings, and data. Companies’ business activities are distinguished between categories with absolute prohibitions (which do not allow any involvement by a company in a certain business activity) and categories that permit a </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">de minimis</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> amount of a certain business activity (generally, permitting a company to derive less than 5% of its revenues from, or to own less than 10% of another company that engages in, such activity). Pursuant to the Underlying Index methodology, prohibited business activities include:</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">Arctic oil and gas exploration</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">Cannabis development or cultivation</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">Controversial weapons</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">Military weapon manufacturing</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">Oil sands extraction</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">Riot protection equipment and riot control weapon manufacturing</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">Shale energy exploration or production</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">Assault weapons and small arms manufacturing</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">Tobacco product manufacturing</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">Categories that permit </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">de minimis</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> business activity based on revenue or ownership include:</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">Adult entertainment</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">Alcoholic beverage production, distribution or sale</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">Cannabis distribution or sale</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">Gambling</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">Military weapon support products</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">Nuclear power production</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">Oil and gas exploration, production, refining, transportation, storage, or generating electricity from oil or gas</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">Assault weapons or small arms distribution</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">Extracting, or generating electricity from, thermal coal</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">Tobacco product distribution or sale</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">The Index Provider also utilizes information from Sustainalytics to </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">determine issuers’ business controversy levels and ESG Risk Rating Score. Sustainalytics reviews corporate filings and public disclosures to assess a company’s ESG profile. The ESG Risk Rating Score is designed to measure the magnitude of a company’s unmanaged ESG risk. Companies are assigned risk scores ranging from 0 (indicating that ESG risks have been fully managed) to 100 (indicating the highest level of unmanaged ESG risk), and the Index Provider excludes companies with an ESG risk rating of 40 or higher (i.e., a “severe risk” rating) from the Underlying Index. Sustainalytics also monitors companies for controversies pertaining to ESG and assesses incidents in terms of their level of impact on the environment and society and the related risk to the company itself. Such events are scored on a scale from 1 (low impact) to 5 (severe impact), depending on the reputational risk to the company and potential impact on stakeholders. The Index Provider excludes companies with a controversy rating of 5 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">Additionally, eligible issuers must be deemed compliant with the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">principles of the UN Global Compact and related international norms and standards. The UN Global Compact is an arrangement by which companies voluntarily and publicly commit to a set of principles drawn from key UN Conventions and Declarations. The principles of the UN Global Compact represent a set of values that the UN believes responsible businesses should incorporate into their operations in order to meet fundamental </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">responsibilities in the areas of human rights, labor, the environment, and anti-corruption.</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 securities included in the Parent Index that also meet the ESG </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">criteria 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 93 constituents with market capitalizations ranging from $13.9 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 Underlying Index is calculated under a “modified ESG Risk Rating </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Score-adjusted market capitalization-weighted” methodology, where constituents’ weightings are calculated and adjusted based on a formula that considers such constituents’ ESG Risk Rating Score and market capitalization. The Fund employs a “full replication” methodology in seeking to track 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; 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. 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">ESG Investing Strategy 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 stocks of companies with favorable ESG attributes may underperform the stock market as a whole. As a result, the Fund may underperform other funds that do not screen companies based on ESG attributes. The criteria used to select companies for investment may result in the Fund investing in securities, industries or sectors that underperform the market as a whole or underperform other funds screened for ESG standards.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">ADR Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> ADRs are certificates that evidence ownership of shares of a foreign issuer and are alternatives to purchasing the underlying foreign securities directly in their national markets and currencies. ADRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities. Moreover, ADRs may not track the price of the underlying foreign securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.</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 </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 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 investing in the Fund by showing how the Fund’s total returns have varied </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1qqmgi002.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">20.36%</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">March 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">20.85%</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">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">-22.21%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.2036 Best Quarter 2023-03-31 0.2085 Worst Quarter 2022-06-30 -0.2221 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:162.35pt"> <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:43.15pt"> <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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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">10/27/2021</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">55.34</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">5.55</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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">55.09</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: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> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">32.90</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">4.23</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:162.35pt"> <div style="line-height:9pt; text-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">Nasdaq-100 ESG 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">55.65</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">5.74</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:162.35pt"> <div style="line-height:9pt; text-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">NASDAQ</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"> Composite 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">44.64</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">0.16</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> 2021-10-27 0.5534 0.0555 0.5509 0.0538 0.329 0.0423 (reflects no deduction for fees, expenses or taxes) 0.5565 0.0574 0.4464 0.0016 <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 ESG NASDAQ Next Gen 100 ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Nasdaq Next Generation 100 ESG™ Index</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; line-height:11pt; position:relative; top:-4.25pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(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">0.20</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">0.20</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) 0.002 0 0.002 <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">$20</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">$64</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">$113</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">$255</span></div> </div> </td> </tr> </table> </div> 20 64 113 255 <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 30% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.30 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 90% 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">Nasdaq, Inc. (“Nasdaq” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of companies included in the Nasdaq Next Generation 100™</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">Index (the “Parent Index”) that also meet the Index Provider's environmental, social and governance (“ESG”) criteria. The Parent Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the Nasdaq-100 Index</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"> (the “Nasdaq-100”) based on 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">To be eligible for inclusion in the Parent Index, a security must meet the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">existing eligibility criteria of the Nasdaq-100</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">, an index that measures the performance of 100 of the largest domestic and international non-financial companies by market capitalization on The Nasdaq Stock Market LLC. Securities meeting the Nasdaq-100 eligibility criteria are ranked by market capitalization, with the largest 100 securities not currently in the Nasdaq-100 selected for inclusion in the Parent Index. Security types generally eligible for inclusion in the Parent Index are common stocks and tracking stocks of companies located in the United States, as well as American Depositary Receipts (“ADRs”) that represent securities of non-U.S. issuers. The Parent Index reflects companies from all major sectors, except </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">for companies that are classified as “financials” according to the Industry Classification Benchmark (“ICB”). Securities of companies organized as real estate investment trusts (“REITs”),</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 of Special Purpose Acquisition Companies (“SPACs”), and “when-issued” securities are not eligible for inclusion in the Parent 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">Companies that are included in the Parent Index are evaluated for </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">inclusion in the Underlying Index on the basis of the Index Provider's ESG criteria, which considers a company’s (i) business activities, (ii) business controversy levels and ESG risk ratings, and (iii) adherence to the principles of the United Nations (“UN”) Global Compact and related international norms and standards.</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 employs negative screens to exclude securities of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">companies with business activities that do not meet the eligibility criteria for the Underlying Index. Such screens rely on information from Sustainalytics, a globally-recognized independent provider of ESG research, ratings, and data. Companies’ business activities are distinguished between categories with absolute prohibitions (which do not allow any involvement by a company in a certain business activity) and categories that permit a </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">de minimis</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> amount of a certain business activity (generally, permitting a company to derive less than 5% of its revenues from, or to own less than 10% of another company that engages in, such activity). Pursuant to the Underlying Index methodology, prohibited business activities include:</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">Arctic oil and gas exploration</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">Cannabis development or cultivation</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">Controversial weapons</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">Military weapon manufacturing</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">Oil sands extraction</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">Riot protection equipment and riot control weapon manufacturing</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">Shale energy exploration or production</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">Assault weapons and small arms manufacturing</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">Tobacco product manufacturing</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">Categories that permit </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic">de minimis</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> business activity based on revenue or ownership include:</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">Adult entertainment</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">Alcoholic beverage production, distribution or sale</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">Cannabis distribution or sale</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">Gambling</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">Military weapon support products</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">Nuclear power production</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">Oil and gas exploration, production, refining, transportation, storage, or generating electricity from oil or gas</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">Assault weapons or small arms distribution</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">Extracting, or generating electricity from, thermal coal</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">Tobacco product distribution or sale</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">The Index Provider also utilizes information from Sustainalytics to </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">determine issuers’ business controversy levels and ESG Risk Rating Score. Sustainalytics reviews corporate filings and public disclosures to assess a company’s ESG profile. The ESG Risk Rating Score is designed to measure the magnitude of a company’s unmanaged ESG risk. Companies are assigned risk scores ranging from 0 (indicating that ESG risks have been fully managed) to 100 (indicating the highest level of unmanaged ESG risk), and the Index Provider excludes companies with an ESG risk rating of 40 or higher (i.e., a “severe risk” rating) from the Underlying Index. Sustainalytics also monitors companies for controversies pertaining to ESG and assesses incidents in terms of their level of impact on the environment and society and the related risk to the company itself. Such events are scored on a scale from 1 (low impact) to 5 (severe impact), depending on the reputational risk to the company and potential impact on stakeholders. The Index Provider excludes companies with a controversy rating of 5 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">Additionally, eligible issuers must be deemed compliant with the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">principles of the UN Global Compact and related international norms and standards. The UN Global Compact is an arrangement by which companies voluntarily and publicly commit to a set of principles drawn from key UN Conventions and Declarations. The principles of the UN Global Compact represent a set of values that the UN believes responsible businesses should incorporate into their operations in order to meet fundamental responsibilities in the areas of human rights, labor, the environment, and anti-corruption.</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 securities included in the Parent Index that also meet the ESG </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">criteria 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 89</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 $3.2 billion to $134.2 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 Underlying Index is calculated under a “modified ESG Risk Rating </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Score-adjusted market capitalization-weighted” methodology, where constituents’ weightings are calculated and adjusted based on a formula that considers such constituents’ ESG Risk Rating Score and market capitalization. The Fund employs a “full replication” methodology in seeking to track 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 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">ESG Investing Strategy 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 stocks of companies with favorable ESG attributes may underperform the stock market as a whole. As a result, the Fund may underperform other funds that do not screen companies based on ESG attributes. The criteria used to select companies for investment may result in the Fund investing in securities, industries or sectors that underperform the market as a whole or underperform other funds screened for ESG standards.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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; line-height:11pt"> </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,</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">from the overall securities market. Mid-capitalization companies tend to have</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">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,</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">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">Foreign Investment 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">Investments in foreign securities involve risks that are beyond those associated with investments in U.S. securities. Fluctuations in the value of the U.S. dollar relative to the values of other currencies may adversely affect investments in foreign 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">and foreign securities may have relatively low market liquidity, decreased publicly available 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.</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">Foreign securities also are subject to the risks of expropriation, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">nationalization 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. Each country has different laws specific to that country that impact investment, which may increase the risks to which investors are subject. Country-specific rules or legislation addressing investment-related transactions may inhibit or prevent certain transactions from transpiring in a particular country.</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Furthermore, foreign exchanges and broker-dealers generally are </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">subject to less government and exchange scrutiny and regulation than their U.S. counterparts. Differences in clearance and settlement procedures in foreign markets may cause delays in settlement of the Fund's trades effected in those markets and could result in losses to the Fund due to subsequent declines in the value of the securities subject to the trades. Depositary receipts also involve substantially identical risks to those associated with investments in foreign securities. Additionally, the issuers of certain depositary receipts, particularly unsponsored or unregistered depositary receipts, have no obligation to distribute shareholder communications to the holders of such receipts or to pass through to them any voting rights with respect to the deposited securities.</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">ADR Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> ADRs are certificates that evidence ownership of shares of a foreign issuer and are alternatives to purchasing the underlying foreign securities directly in their national markets and currencies. ADRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities. Moreover, ADRs may not track the price of the underlying foreign securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.</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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1qqjgi002.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">14.13%</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">10.75%</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">-18.30%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1413 Best Quarter 2023-12-31 0.1075 Worst Quarter 2022-06-30 -0.183 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:162.35pt"> <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:43.15pt"> <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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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">10/27/2021</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">17.11</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">-6.67</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">16.96</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: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">-6.80</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">10.23</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">-5.04</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:162.35pt"> <div style="line-height:9pt; text-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">Nasdaq Next Generation 100 ESG 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">17.36</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">-6.48</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:162.35pt"> <div style="line-height:9pt; text-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">NASDAQ</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"> Composite 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">44.64</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: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">0.16</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> 2021-10-27 0.1711 -0.0667 0.1696 -0.068 0.1023 -0.0504 (reflects no deduction for fees, expenses or taxes) 0.1736 -0.0648 0.4464 0.0016 <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 ESG S&amp;P 500 Equal Weight ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500 Equal Weight ESG Leaders Select 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">0.20</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">0.20</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) 0.002 0 0.002 <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">$20</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">$64</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">$113</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">$255</span></div> </div> </td> </tr> </table> </div> 20 64 113 255 <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 33% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.33 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 90% 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">S&amp;P Dow Jones Indices LLC (“S&amp;P DJI” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the equal weighted performance of securities included in the S&amp;P 500 Equal Weight Index (the “Parent Index”) that also meet the Index Provider’s sustainability and environmental, social and governance &amp; economic (“ESG”) criteria, while maintaining similar overall industry group weights as the Parent 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 Parent Index consists of all of the components of the S&amp;P 500 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index. However, unlike the S&amp;P 500 Index, which employs a market capitalization weighted methodology, the Parent Index assigns each component security the same weight. Like the Parent Index, constituents of the Underlying Index are equally weighted. Companies that are included in the Parent Index are evaluated for inclusion in the Underlying Index based on multiple considerations.</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 employs negative screens to exclude securities of </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">companies with business activities that do not meet the eligibility criteria for the Underlying Index. Companies classified as part of the Global Industry Classification Standard (“GICS</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">”) Oil &amp; Gas Storage &amp; Transportation Sub-Industry are excluded from the eligible universe. Additional screens rely </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">on information from Sustainalytics, a globally recognized independent provider of ESG research, ratings, and data. The Underlying Index uses this information to screen for companies with certain business activities above the S&amp;P DJI Level of Involvement Threshold or the S&amp;P DJI Significant Ownership Threshold. These thresholds generally exclude from the Underlying Index companies that derive 0-25% or more of their revenues from, or that own 10% or more of another company that engages in, the following activities:</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">Arctic oil &amp; gas exploration</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">Alcoholic beverages</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">Cannabis production, distribution or retail sale</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">Controversial weapons</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">Genetically modified plants and seeds</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">Gambling</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">Military contracting</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">Nuclear power</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">Oil and gas exploration, production, generation, refinement, transportation or storage or supporting products or services</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">Oil sands extraction</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">Palm oil production and distribution</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">Pesticides</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">Riot control weapons</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">Shale energy extraction</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">Small arms</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">Thermal coal</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">Tobacco products</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">The Index Provider also utilizes information from the Sustainalytics' </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Global Standards Screening (“GSS”) assessment to exclude certain companies that cause, contribute to or are linked to violations of international norms and standards, in relation to the principles of the United Nations Global Compact (“UNGC”). The UNGC is an arrangement by which companies voluntarily and publicly commit to a set of principles drawn from key UN Conventions and Declarations. The principles of the UNGC represent a set of values that the UN believes responsible businesses should incorporate into their operations in order to meet fundamental responsibilities in the areas of human rights, labor, the environment, and anti-corruption. Companies are classified into three statuses based on whether the company is assessed as acting in accordance with the UNGC principles, and their associated standards, conventions and treaties, including “non-compliant,” “watchlist” and “compliant.” Companies classified as “non-compliant” are ineligible 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">Each company included in the Parent Index and eligible for investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">based on the above screens is then assigned an “S&amp;P Global ESG score,” which is designed to measure a company’s overall performance related to financially material ESG factors. The analysis of whether a factor is financially material focuses on industry-specific business value drivers that contribute to company performance, utilizing quantitative and qualitative research and industry experience. The analysis incorporates historical correlation data and current industry conditions to identify which long-term economic, social or environmental factors are likely to have the most significant impact on a company’s business value drivers of growth, cost or risk, and ultimately, future financial performance. S&amp;P Global ESG scores are derived from the S&amp;P Global Corporate Sustainability Assessment (“CSA”), which is an annual analysis that seeks to identify how well-equipped a company is to recognize and respond to emerging sustainability opportunities and challenges in the global market. S&amp;P Global</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">Sustainable1, an affiliate of the Index Provider, opens the CSA questionnaire for all subject companies in April. The CSA uses proprietary industry classifications, derived from the GICS</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">, to analyze companies using industry-specific questionnaires. Companies provide up to 1,000 data points </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">in response to the questionnaires which are used to score each company’s performance in relation to each specific ESG subject. If a company chooses not to actively participate in the assessment, it may be assessed based on publicly available information, including a company’s financial reports, press releases and other public statements, and other information available on the company’s website. Companies are ranked from highest to lowest according to their S&amp;P Global ESG scores, and the top 40% of constituents within each eligible GICS</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"> industry group generally are included in the Underlying Index. If a company does not have a S&amp;P Global ESG score, it is excluded 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 182</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 $5.5 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">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">ESG Investing Strategy 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 stocks of companies with favorable ESG attributes may underperform the stock market as a whole. As a result, the Fund may underperform other funds that do not screen companies based on ESG attributes. The criteria used to select companies for investment may result in the Fund investing in securities, industries or sectors that underperform the market as a whole or underperform other funds screened for ESG standards.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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; line-height:11pt"> </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,</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">from the overall securities market. Mid-capitalization companies tend to have</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">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,</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">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">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 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 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">Index Provider 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 seeks to track the investment results, before fees and expenses, of the Underlying Index, as published by the Index Provider. There is no assurance that the Index Provider will compile the Underlying Index accurately, or that the Underlying Index will be determined, composed or calculated accurately. While the Index Provider gives descriptions of what the Underlying Index is designed to achieve, the Index Provider generally does not provide any warranty or accept any liability in relation to the quality, accuracy or completeness of data in the Underlying Index, and it generally does not guarantee that the Underlying Index will be in line with its methodology. Errors made by the Index Provider with respect to the quality, accuracy and completeness of the data within the Underlying Index may occur from time to time and may not be identified and corrected by the Index Provider for a period of time, if at all. Therefore, gains, losses or costs associated with Index Provider errors will generally be borne by the Fund and its shareholders.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Index Rebalancing Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Pursuant to the methodology that the Index Provider uses to calculate and maintain the Underlying Index, a security may be removed from the Underlying Index in the event that it does not comply with the eligibility requirements of the Underlying Index. As a result, the Fund may be forced to sell securities at inopportune times or for prices other than at current market values or may elect not to sell such securities on the day that they are removed from the Underlying Index, due to market conditions or otherwise. Due to these factors, the variation between the Fund’s annual return and the return of the Underlying Index may increase significantly.</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">Apart from scheduled rebalances, the Index Provider may carry out </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">additional ad hoc rebalances to the Underlying Index, for example, to correct an error in the selection of index constituents. When the Fund in turn rebalances its portfolio, any transaction costs and market exposure arising from such portfolio rebalancing will be borne by the Fund and its shareholders. Unscheduled rebalances also expose the Fund to additional tracking error risk. Therefore, errors and additional ad hoc rebalances carried out by the Index Provider may increase the Fund’s costs and market exposure.</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="tm2426228d1rspei002.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">14.69%</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">12.82%</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">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">-15.21%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1469 Best Quarter 2022-12-31 0.1282 Worst Quarter 2022-06-30 -0.1521 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:162.35pt"> <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:43.15pt"> <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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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">11/17/2021</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">13.99</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">0.72</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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">13.42</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:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">8.60</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">0.47</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:162.35pt"> <div style="line-height:9pt; text-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 Equal Weight ESG Leaders Select 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">14.19</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">0.91</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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">26.29</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">2.47</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> 2021-11-17 0.1399 0.0072 0.1342 0.002 0.086 0.0047 (reflects no deduction for fees, expenses or taxes) 0.1419 0.0091 0.2629 0.0247 <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 Equal Weight 0-30 Year Treasury ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE 1-30 Year Laddered Maturity US Treasury 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">0.15</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: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">0.15</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) 0.0015 0 0.0015 <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">$15</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">$48</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">$85</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">$192</span></div> </div> </td> </tr> </table> </div> 15 48 85 192 <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 19% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.19 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 components of 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, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to track the performance of up to 30 U.S. Treasury Notes or Bonds representing the annual February maturity ladder across the yield curve. Eligible securities must be U.S. dollar denominated sovereign debt publicly issued by the U.S. government in the U.S. domestic market. The Underlying Index is structured with 30 different annual maturity points, or “rungs,” which are equally weighted at each annual February rebalancing. Securities eligible for the Underlying Index must: (i) have a fixed coupon schedule; (ii) a minimum amount outstanding of $1 billion (excluding any amount held by the Federal Reserve's System Open Market Account (SOMA)); and (iii) have at least 18 months to final maturity at the time of issuance. The Index Provider selects for each rung securities with February maturities (a “Primary Selection”), which, once selected, will remain in the Underlying Index, provided they continue to meet the eligibility criteria. If no February maturity is available for a given rung, then the next-closest maturing security is selected as long as it is within six months of the February target maturity (a “Secondary Selection”).</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 securities selected for each rung of the Underlying Index from 1 to </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">30 years are equally weighted. The weights of any rungs for which no </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">securities are available are re-allocated equally to the securities of closest rungs on both sides of the ladder.</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 31 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 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 25% or more of the value of its total 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 25% or more of the value of its total 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">U.S. Government Obligations 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">U.S. government securities include securities that are issued or guaranteed by the U.S. Treasury, by various agencies of the U.S. government, or by various instrumentalities which have been established or sponsored by the U.S. government. U.S. Treasury securities are backed by the “full faith and credit” of the United States, which may be negatively affected by an actual or threatened failure of the U.S. government to pay its obligations. Securities issued or guaranteed by federal agencies and U.S. government-sponsored instrumentalities may or may not be backed by the full faith and credit of the United States. In the case of those U.S. government securities not backed by the full faith and credit of the United States, the investor must look principally to the agency or instrumentality issuing or guaranteeing the security for ultimate repayment, and may not be able to assert a claim against the United States itself in the event that the agency or instrumentality does not meet its commitment. The U.S. government, its agencies and instrumentalities do not guarantee the market value of their securities, and consequently, the value of such securities may fluctuate.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1govii002.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">3.51%</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, 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">14.64%</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">March 31, 2021</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">-8.73%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0351 Best Quarter 2020-03-31 0.1464 Worst Quarter 2021-03-31 -0.0873 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:148.73pt"> <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: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: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:148.73pt"> <div style="line-height:9pt; text-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">10/11/2007</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">3.43</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: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">-0.27</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: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">1.78</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:148.73pt"> <div style="line-height:9pt; text-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: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">2.20</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: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">-1.00</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: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">0.95</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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: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">2.01</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: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">-0.49</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: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">1.02</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:148.73pt"> <div style="line-height:9pt; text-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">ICE 1-30 Year Laddered Maturity US Treasury 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">1,2</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:25.42pt"> <div style="-sec-ix-hidden: hidden-fact-0; 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">—</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: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">—</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: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">—</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:148.73pt"> <div style="line-height:9pt; text-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 Equal Weight 0-30 Year Treasury </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">3</span> <div style="clear:right"> </div> </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: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">3.68</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: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">-0.04</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: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">2.02</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:148.73pt"> <div style="line-height:9pt; text-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">4</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: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: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">1.10</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: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">1.81</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:148.73pt"> <div style="line-height:9pt; text-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 US Treasury Index (reflects no deduction </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">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">4</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: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">4.05</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: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">0.53</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: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">1.27</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 13, 2023, performance for the Underlying Index is not available.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">3</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 Equal Weight 0-30 Year Treasury Benchmark</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">performance</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">reflects</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 performance of the Ryan/NASDAQ U.S. 1-30 Year Treasury Laddered 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,</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">through August</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">25,</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">2023,</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</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</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">Index thereafter.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">4</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. Treasury 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> 2007-10-11 0.0343 -0.0027 0.0178 0.022 -0.01 0.0095 0.0201 -0.0049 0.0102 (reflects no deduction for fees, expenses or taxes) 0.0368 -0.0004 0.0202 0.0553 0.011 0.0181 0.0405 0.0053 0.0127 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Treasury 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 KBW Bank ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the KBW Nasdaq Bank</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"> 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">0.35</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">0.35</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) 0.0035 0 0.0035 <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">$36</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">$113</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">$197</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">$444</span></div> </div> </td> </tr> </table> </div> 36 113 197 444 <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 11% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.11 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 90% 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">Keefe, Bruyette &amp; Woods, Inc. and Nasdaq, Inc. (“KBW Nasdaq” or the “Index Provider”) compile, maintain, and calculate the Underlying Index, which is a modified-market capitalization-weighted index of companies primarily engaged in U.S. banking activities, as determined by the Index Provider. The Underlying Index is designed to track the performance of large national U.S. money centers, regional banks, and thrift institutions that are publicly traded in the U.S. </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 24 securities with market capitalizations ranging from $7.7 billion to $624.8 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; 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. As of August 31, 2024, the Fund had significant exposure to the banking industry. 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 banking industry. 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">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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">Banking Industry Risk.</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 banking industry. Banks are subject to extensive government regulation that may affect the scope of their activities, their profitability, the prices that they can charge and the amount of capital and liquid assets that they must maintain. In addition, changes in interest rates can have a disproportionate effect on the banking industry; banks whose securities the Fund may purchase may themselves have concentrated portfolios of loans or investments that make them vulnerable to economic conditions that affect that industry. Credit, borrower, asset, depositor and counterparty concentration can negatively impact banks in which the Fund invests. Negative public perception and increased competition also may adversely affect the profitability or viability of banks.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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 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. 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="tm2426228d1kbwbi002.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">21.94%</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">34.90%</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, 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">-41.67%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.2194 Best Quarter 2020-12-31 0.349 Worst Quarter 2020-03-31 -0.4167 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:149.97pt"> <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: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:149.97pt"> <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">11/1/2011</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">-1.18</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">5.30</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">5.78</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:149.97pt"> <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">-2.04</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: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">4.54</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">5.18</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">-0.25</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">4.06</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">4.55</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:149.97pt"> <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">KBW Nasdaq Bank™ Index (reflects no deduction </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">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">-0.89</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">5.64</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">6.13</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:149.97pt"> <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">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><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">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: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:149.97pt"> <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">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"> Financials Index (reflects no deduction </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">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: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">12.15</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> </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">10.05</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 S&amp;P 500</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"> Financials Index to the S&amp;P 500</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 S&amp;P 500</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> 2011-11-01 -0.0118 0.053 0.0578 -0.0204 0.0454 0.0518 -0.0025 0.0406 0.0455 (reflects no deduction for fees, expenses or taxes) -0.0089 0.0564 0.0613 0.2629 0.1569 0.1203 0.1215 0.1197 0.1005 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Financials Index to the S&P 500® Index to reflect that the S&P 500® 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 KBW High Dividend Yield Financial ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the KBW Nasdaq Financial Sector Dividend Yield</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"> 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">0.35</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 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">4.58</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">4.93</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. 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) 0.0035 0 0.0458 0.0493 <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">$493</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">$1,481</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">$2,469</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">$4,947</span></div> </div> </td> </tr> </table> </div> 493 1481 2469 4947 <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 71% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.71 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 90% 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">Keefe, Bruyette &amp; Woods, Inc. and Nasdaq, Inc. (“KBW Nasdaq” or the “Index Provider”) compile, maintain and calculate the Underlying Index, which is a modified-dividend yield-weighted index of companies principally engaged in the business of providing financial services and products, as determined by the Index Provider. The Underlying Index is designed to track the performance of financial companies, which may include business development companies and mortgage real estate investment trusts, with competitive dividend yields that are publicly-traded in the U.S.</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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 39 securities with market capitalizations ranging from $266.1 million to $43.6 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 25% or more of the value of its total 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 25% or more of the value of its total 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">High Dividend Paying Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends. Also, changes in the dividend policies of the companies in which the Fund invests and the capital resources available for such companies' dividend payments may adversely affect the Fund.</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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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 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">Business Development Company (“BDC”) Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There are certain risks inherent in investing in BDCs, whose principal business is to invest in, and lend capital or provide services to, privately held companies. The Investment Company Act of 1940, as amended (the “1940 Act”), imposes certain restraints upon the operations of a BDC. For example, BDCs are required to invest at least 70% of their total assets primarily in securities of private companies or thinly traded U.S. public companies, cash, cash equivalents, U.S. government securities and high-quality debt instruments that mature in one year or less. Generally, little public information exists for private and thinly traded companies, and there is a risk that investors may not be able to make a fully informed investment decision. With investments in debt instruments, there is a risk that the issuer may default on its payments or declare bankruptcy. Additionally, a BDC may incur indebtedness only in amounts such that the BDC's asset coverage equals at least 200% after such incurrence. These limitations on asset mix and leverage may prohibit the way that the BDC raises capital. BDCs generally invest in less mature private companies, which involve greater risk than well-established publicly traded companies.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt">Investments made by BDCs generally are subject to legal and other </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">restrictions on resale and otherwise are less liquid than publicly traded securities. The illiquidity of these investments may make it difficult to sell such investments if the need arises, and if there is a need for a BDC in which the Fund invests to liquidate its portfolio quickly, it may realize a loss on its investments.</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">Investment advisers to BDCs may be entitled to compensation based on </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the BDC's performance, which may result in riskier or more speculative investments in an effort to maximize incentive compensation and higher fees. In addition, to the extent that the Fund invests a portion of its assets in BDCs, a shareholder in the Fund not only will bear his or her proportionate </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">share of the expenses of the Fund, but also will bear indirectly the expenses of the BDCs.</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">Real estate investment trusts (“REITs”) are pooled investment vehicles that trade like stocks and invest substantially all of their assets in real estate, and may qualify for special tax considerations. REITs are subject to certain risks inherent in the direct ownership of real estate, including without limitation, a possible lack of mortgage funds and associated interest rate risks, overbuilding, property vacancies, increases in property taxes and operating expenses, changes in zoning laws, losses due to environmental damages and changes in neighborhood values and appeal to purchasers. Further, failure of a company to qualify as a REIT under federal tax law may have adverse consequences to the REIT’s shareholders. In addition, REITs may have expenses, including advisory and administration expenses, and REIT shareholders will incur a proportionate share of the underlying expenses.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Mortgage 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">Mortgage REITs lend money to developers and owners of properties and invest primarily in mortgages and similar real estate interests. Mortgage REITs receive interest payments from the owners of the mortgaged properties. Accordingly, mortgage REITs are subject to the credit risk of the borrowers to whom they extend funds. Credit risk is the risk that the borrower will not be able to make interest and principal payments to the REIT with respect to the loan when payments are due. Mortgage REITs also are subject to the risk that the value of mortgaged properties may be less than the amounts owed on the properties. If a mortgage REIT is required to foreclose on a borrower, the amount recovered in connection with the foreclosure may be less than the amount owed to the mortgage REIT. Mortgage REITs are also subject to significant interest rate risk. Mortgage REITs typically use leverage (and in many cases, may be highly leveraged), which increases investment risk and could adversely affect a REIT’s operations and market value in periods of rising interest rates, increased interest rate volatility, downturns in the economy and reductions in the availability of financing or deterioration in the conditions of the REIT’s mortgage-related assets.</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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1kbwdi002.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">5.49%</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">29.97%</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">-49.04%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0549 Best Quarter 2020-06-30 0.2997 Worst Quarter 2020-03-31 -0.4904 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:149.97pt"> <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: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:149.97pt"> <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">12/2/2010</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">19.98</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: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">5.55</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: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">4.60</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:149.97pt"> <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">14.56</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">1.64</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">1.54</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">11.76</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">2.61</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">2.50</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:149.97pt"> <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">KBW Nasdaq Financial Sector Dividend Yield™ </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 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: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">20.38</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">5.66</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">4.74</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:149.97pt"> <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">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><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">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: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:149.97pt"> <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">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"> Financials Index (reflects no deduction </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">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: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">12.15</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> </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">10.05</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 S&amp;P 500</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"> Financials Index to the S&amp;P 500</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 S&amp;P 500</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> 2010-12-02 0.1998 0.0555 0.046 0.1456 0.0164 0.0154 0.1176 0.0261 0.025 (reflects no deduction for fees, expenses or taxes) 0.2038 0.0566 0.0474 0.2629 0.1569 0.1203 0.1215 0.1197 0.1005 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Financials Index to the S&P 500® Index to reflect that the S&P 500® 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 KBW Premium Yield Equity REIT ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the KBW Nasdaq Premium Yield Equity REIT</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"> 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">0.35</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">0.35</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) 0.0035 0 0.0035 <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">$36</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">$113</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">$197</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">$444</span></div> </div> </td> </tr> </table> </div> 36 113 197 444 <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 86% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.86 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 90% 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">Keefe, Bruyette &amp; Woods, Inc. and Nasdaq, Inc. (“KBW Nasdaq” or the “Index Provider”) compile, maintain and calculate the Underlying Index, which is a modified-dividend yield-weighted index of domestic equity real estate investment trusts (“REITs”) of small- and mid-capitalization, as determined by the Index Provider. The Underlying Index is designed to track the performance of small- and mid-capitalization domestic equity REITs that have competitive dividend yields and are publicly-traded in the U.S. </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 28</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 with market capitalizations ranging from $88.7 million to $16 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 25% or more of the value of its total 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 </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. As of August 31, 2024, the Fund had significant exposure to the real estate 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 25% or more of the value of its total 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 real estate 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">High Dividend Paying Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends. Also, changes in the dividend policies of the companies in which the Fund invests and the capital resources available for such companies' dividend payments may adversely affect the Fund.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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">Real Estate Sector Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. The real estate sector contains companies operating in real estate development and operation, as well as companies related to the real estate sector, including REITs. Investments in securities of these companies are subject to risks such as: fluctuations in the value of the underlying properties; defaults by borrowers or tenants; market saturation; changes in general and local economic conditions; decreases in market rates for rents; changes in the availability, cost and terms of mortgage funds; increased competition, property taxes, capital expenditures, or operating expenses; and other economic, political or regulatory occurrences, including the impact of changes in environmental laws. The real estate sector is particularly sensitive to economic downturns and changes to interest rates.</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">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 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 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 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="tm2426228d1kbwyi002.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">11.42%</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">20.74%</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">-45.57%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1142 Best Quarter 2020-12-31 0.2074 Worst Quarter 2020-03-31 -0.4557 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:149.97pt"> <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: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:149.97pt"> <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">12/2/2010</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">12.75</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">1.89</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">3.22</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:149.97pt"> <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">8.84</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">-1.24</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">0.26</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">7.25</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">0.06</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">1.21</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:149.97pt"> <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">KBW Nasdaq Premium Yield Equity REIT™ 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:39.07pt"> <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">13.19</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">1.93</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">3.41</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:149.97pt"> <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">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><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">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: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:149.97pt"> <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">Dow Jones U.S. Real Estate 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: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">12.25</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">7.35</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">7.70</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 Dow Jones U.S. Real Estate Index to the S&amp;P 500</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 S&amp;P 500</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> 2010-12-02 0.1275 0.0189 0.0322 0.0884 -0.0124 0.0026 0.0725 0.0006 0.0121 (reflects no deduction for fees, expenses or taxes) 0.1319 0.0193 0.0341 0.2629 0.1569 0.1203 0.1225 0.0735 0.077 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Dow Jones U.S. Real Estate Index to the S&P 500® Index to reflect that the S&P 500® 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 KBW Property &amp; Casualty Insurance ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the KBW Nasdaq Property &amp; Casualty</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"> 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">0.35</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">0.35</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) 0.0035 0 0.0035 <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">$36</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">$113</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">$197</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">$444</span></div> </div> </td> </tr> </table> </div> 36 113 197 444 <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 90% 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">Keefe, Bruyette &amp; Woods, Inc. and Nasdaq, Inc. (“KBW Nasdaq” or the “Index Provider”) compile, maintain and calculate the Underlying Index, which is a modified-market capitalization-weighted index designed to track the performance of companies primarily engaged in U.S. property and casualty insurance activities, as determined by the Index Provider. </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 24 securities with market capitalizations ranging from $235.3 million to $142.2 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; 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 25% or more of the value of its total 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 insurance industry. 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 25% or more of the value of its total 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 insurance industry. 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">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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">Insurance Industry Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Many factors can significantly affect companies in the insurance industry, including changes in interest rates, general economic conditions, the imposition of premium rate caps, competition and the pressure to compete globally, including price and marketing competition, and other changes in government regulation or tax law. In addition, different segments of the insurance industry may be affected by mortality and morbidity rates, actuarial miscalculations, environmental clean-up costs and catastrophic events such as natural disasters and terrorist acts and the availability and cost of reinsurance.</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">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">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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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</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">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="tm2426228d1kbwpi002.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">29.05%</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, 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">21.78%</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, 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">-24.62%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.2905 Best Quarter 2020-12-31 0.2178 Worst Quarter 2020-03-31 -0.2462 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:149.97pt"> <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: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:149.97pt"> <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">12/2/2010</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">7.05</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">12.27</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">11.14</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:149.97pt"> <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">6.60</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">11.64</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">10.55</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">4.46</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">9.67</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">9.08</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:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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">KBW Nasdaq Property &amp; Casualty™ 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:39.07pt"> <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">7.43</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">12.62</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">11.51</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:149.97pt"> <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">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><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">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: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:149.97pt"> <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">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"> Property &amp; Casualty 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: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">10.81</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">16.16</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">13.73</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 S&amp;P 500</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"> Property &amp; Casualty Index to the  S&amp;P 500</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  S&amp;P 500</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> 2010-12-02 0.0705 0.1227 0.1114 0.066 0.1164 0.1055 0.0446 0.0967 0.0908 (reflects no deduction for fees, expenses or taxes) 0.0743 0.1262 0.1151 0.2629 0.1569 0.1203 0.1081 0.1616 0.1373 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Property & Casualty Index to the  S&P 500® Index to reflect that the  S&P 500® 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 KBW Regional Banking ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the KBW Nasdaq Regional Banking</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"> 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">0.35</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">0.35</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) 0.0035 0 0.0035 <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">$36</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">$113</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">$197</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">$444</span></div> </div> </td> </tr> </table> </div> 36 113 197 444 <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 17% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.17 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 90% 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">Keefe, Bruyette &amp; Woods, Inc. and Nasdaq, Inc. (“KBW Nasdaq” or the “Index Provider”) compile, maintain and calculate the Underlying Index, which is a modified-market capitalization-weighted index comprised of companies primarily engaged in U.S. regional banking activities, as determined by the Index Provider. The Underlying Index is designed to track the performance of U.S. regional banking and thrift companies that are publicly-traded in the U.S. </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 securities with market capitalizations ranging from $1</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 $8.9 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">August 31, 2024, the Fund had significant exposure to the banking industry. 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 banking industry. 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">Regional, Small and Medium Bank Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small and medium banks involves greater risk than customarily is associated with investing in larger, more established banks. Small and medium banks' securities may be more volatile and less liquid than those of more established banks. These securities may have returns that vary, sometimes significantly, from the overall securities market. These banks also may be subject to extensive federal and state regulations and to severe price competition. Credit losses resulting from financial difficulties of borrowers can negatively impact these banks. The regional banking industry in which small and medium banks typically compete is highly competitive and failure to maintain or increase market share may result in the loss of market value. The marketing and expansion strategies of many regional banks may place a significant strain on their risk management, financial controls, operations systems, personnel and other resources. There can be no assurance that these banks will complete the necessary improvements to their systems, procedures and controls necessary to support their future operations or rapid growth. The performance of small and medium banks may be impacted by a number of factors, such as adverse economic or regulatory occurrences affecting small and medium banks, economic conditions of the region or depositor base that the bank serves, negative public perception and decreased liquidity in credit markets. To the extent that certain regulatory requirements are relaxed for small and medium banks, such banks could increase their overall risk profile, which may also result in greater overall risk in the banking industry and the financials sector in general.</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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Banking Industry Risk.</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 banking industry. Banks are subject to extensive government regulation that may affect the scope of their activities, their profitability, the prices that they can charge and the amount of capital and liquid assets that they must maintain. In addition, changes in interest rates can have a disproportionate effect on the banking industry; banks whose securities the Fund may purchase may themselves have concentrated portfolios of loans or investments that make them vulnerable to economic conditions that affect that industry. Credit, borrower, asset, depositor and counterparty concentration can negatively impact banks in which the Fund invests. Negative public perception and increased competition also may adversely affect the profitability or viability of banks.</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-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1kbwri002.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">5.74%</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">48.72%</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">-40.30%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0574 Best Quarter 2020-12-31 0.4872 Worst Quarter 2020-03-31 -0.403 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:149.97pt"> <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: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:149.97pt"> <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">11/1/2011</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">-0.67</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: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">7.12</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">5.77</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:149.97pt"> <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">-1.45</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">6.38</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">5.18</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">0.01</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">5.47</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">4.52</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:149.97pt"> <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">KBW Nasdaq Regional Banking™ 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">-0.40</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">7.44</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">6.13</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:149.97pt"> <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">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><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">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: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:149.97pt"> <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">S&amp;P Composite 1500</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"> Commercial Banks 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><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">8.85</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: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">8.00</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">7.85</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 S&amp;P Composite 1500</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"> Commercial Banks Index to the S&amp;P 500</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 S&amp;P 500</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> 2011-11-01 -0.0067 0.0712 0.0577 -0.0145 0.0638 0.0518 0.0001 0.0547 0.0452 (reflects no deduction for fees, expenses or taxes) -0.004 0.0744 0.0613 0.2629 0.1569 0.1203 0.0885 0.08 0.0785 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P Composite 1500® Commercial Banks Index to the S&P 500® Index to reflect that the S&P 500® 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 MSCI USA ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the MSCI USA 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">0.04</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">0.04</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) 0.0004 0 0.0004 <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">$4</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">$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">$23</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">$52</span></div> </div> </td> </tr> </table> </div> 4 13 23 52 <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 90% 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">MSCI Inc. (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of the large- and mid-capitalization segments of the U.S. equity market. The Underlying Index covers approximately 85% of the free float-adjusted market capitalization in the United States. The Index Provider weights securities in the Underlying Index by their free float-adjusted 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 593</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 with market capitalizations ranging from $6.2 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">Non-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 </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 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 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. 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. 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="tm2426228d1pbusi002.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">21.64%</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">21.65%</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">-19.59%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.2164 Best Quarter 2020-06-30 0.2165 Worst Quarter 2020-03-31 -0.1959 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">9/22/2017</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">27.06</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">15.64</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: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">12.70</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">26.59</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">15.18</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">12.23</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">16.26</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">12.51</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">10.15</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">MSCI USA 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: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">27.10</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">15.74</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: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> </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> 2017-09-22 0.2706 0.1564 0.127 0.2659 0.1518 0.1223 0.1626 0.1251 0.1015 (reflects no deduction for fees, expenses or taxes) 0.271 0.1574 0.1279 <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 NASDAQ 100 ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Nasdaq-100 Index</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">(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">0.15</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: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">0.15</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) 0.0015 0 0.0015 <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">$15</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">$48</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">$85</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">$192</span></div> </div> </td> </tr> </table> </div> 15 48 85 192 <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 8% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.08 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 90% 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">Nasdaq, Inc. (“Nasdaq” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which includes securities of 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market LLC based on market capitalization. Security types generally eligible for inclusion in the Underlying Index are common stocks and tracking stocks as well as American Depositary Receipts (“ADRs”) that represent securities of non-U.S. issuers. Securities of companies organized as real estate investment trusts (“REITs”),</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 of Special Purpose Acquisition Companies (“SPACs”), and “when-issued” securities are not 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 Underlying Index reflects companies from all major sectors, except </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">for companies that are classified as “financials” according to the Industry Classification Benchmark (“ICB”). The Underlying Index weights its component securities using a “modified market capitalization-weighted” methodology, which is a hybrid between equal weighting and conventional capitalization weighting. Under this methodology, no component security may exceed 24% of the weight of 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 101 constituents with market capitalizations ranging from $13.9 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; 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. 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">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">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">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">ADR Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> ADRs are certificates that evidence ownership of shares of a foreign issuer and are alternatives to purchasing the underlying foreign securities directly in their national markets and currencies. ADRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities. Moreover, ADRs may not track the price of the underlying foreign securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.</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 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 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 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 indexes 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 indexes 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="tm2426228d1qqqmi002.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">19.83%</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, 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">20.73%</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">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">-22.32%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1983 Best Quarter 2023-03-31 0.2073 Worst Quarter 2022-06-30 -0.2232 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:162.35pt"> <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:43.15pt"> <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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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">10/13/2020</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">54.92</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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: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">11.59</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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">54.65</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: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">11.42</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">32.66</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: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">9.04</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:162.35pt"> <div style="line-height:9pt; text-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">Nasdaq-100</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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">55.13</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: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">11.74</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:162.35pt"> <div style="line-height:9pt; text-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">NASDAQ</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"> Composite 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">44.64</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: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">8.43</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:162.35pt"> <div style="line-height:9pt; text-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 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">25.96</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: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">10.93</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> 2020-10-13 0.5492 0.1159 0.5465 0.1142 0.3266 0.0904 (reflects no deduction for fees, expenses or taxes) 0.5513 0.1174 0.4464 0.0843 0.2596 0.1093 <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 Nasdaq Biotechnology ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology™ 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 19% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.19 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 90% 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">Nasdaq, Inc. (“Nasdaq” or the “Index Provider”) compiles the Underlying Index, which is a modified market-capitalization weighted index that is designed to measure the performance of securities of companies listed on the Nasdaq Stock Market that are classified under the biotechnology subsector or pharmaceuticals subsector of the Industry Classification Benchmark (“ICB”).</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 may include securities of large-, mid- and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">small-capitalization companies.</span></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 rebalanced annually in December and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">reweighted quarterly, effective at market open of the following trading day after the close of trading on the third Friday in March, June, September and December. The Fund is rebalanced and reweighted in accordance with the Underlying Index. Securities in the Underlying Index are weighted by market capitalization. At each quarter, Nasdaq reweights the Underlying Index such that the maximum weight of any constituent does not exceed 8% of the weight of the Underlying Index. Only the five largest securities may exceed a 4% cap; the individual weight of all other remaining constituents may not exceed 4% of the weight of 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, 2024, the Underlying Index was comprised of 213 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents with market capitalizations ranging from approximately $16.7 million to $220.6 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; 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 the biotechnology or pharmaceutical industries that are contained in the Underlying Index. As of August 31, 2024, the Fund had significant exposure to the biotechnology industry. 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 the biotechnology or pharmaceutical industries that are contained in the Underlying Index. As of August 31, 2024, the Fund had significant exposure to the biotechnology industry. 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">ADR Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> ADRs are certificates that evidence ownership of shares of a foreign issuer and are alternatives to purchasing the underlying foreign securities directly in their national markets and currencies. ADRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities. Moreover, ADRs may not track the price of the underlying foreign securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.</span> <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">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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">Pharmaceuticals Industry 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">Government approval of products and services, government regulation and reimbursement rates, product liability claims, patent expirations and protection and intense competition can significantly affect the pharmaceuticals industry.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Biotechnology Industry 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 biotechnology industry can be significantly affected by patent considerations, including the termination of patent protections for products, intense competition both domestically and internationally, rapid technological change and obsolescence, government regulation and expensive insurance costs due to the risk of product liability lawsuits. In addition, the biotechnology industry is an emerging growth industry, and therefore biotechnology companies may be thinly capitalized and more volatile than companies with greater capitalizations. Biotechnology companies must contend with high development costs, which may be exacerbated by the inability to raise prices to cover costs because of managed care pressure, government regulation or price controls.</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 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">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">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 </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 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 investing in the Fund by showing how the Fund’s total returns have varied </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1ibbqi002.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">9.74%</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">11.98%</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">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">-11.69%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0974 Best Quarter 2022-12-31 0.1198 Worst Quarter 2022-03-31 -0.1169 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">6/11/2021</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">4.49</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">-5.13</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: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">4.28</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">-5.33</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">2.80</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">-3.88</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">Nasdaq Biotechnology 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: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">4.59</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">-5.05</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">NASDAQ</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"> Composite 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:39.32pt"> <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">44.64</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: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">3.39</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> <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">S&amp;P Composite 1500</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"> Biotechnology 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">3.26</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">6.67</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 S&amp;P Composite 1500</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"> Biotechnology Index to the NASDAQ</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; line-height:9pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Composite Index to reflect that the NASDAQ</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"> Composite Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2021-06-11 0.0449 -0.0513 0.0428 -0.0533 0.028 -0.0388 (reflects no deduction for fees, expenses or taxes) 0.0459 -0.0505 0.4464 0.0339 0.0326 0.0667 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P Composite 1500® Biotechnology Index to the NASDAQ® Composite Index to reflect that the NASDAQ® Composite 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 Nasdaq Free Cash Flow Achievers ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Nasdaq US Free Cash Flow Achievers™ Index</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; line-height:11pt; position:relative; top:-4.25pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(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 fiscal period December</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, 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">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">of the average value of its portfolio.</span></div> Portfolio Turnover. 0.31 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 90% 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">Nasdaq, Inc. (“Nasdaq” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to track the performance of U.S.-listed companies with continuous and stable growth in free cash flow. Generally speaking, free cash flow refers to the cash a company has left over after accounting for operating expenses and capital expenditures; positive free cash flow may indicate a company’s financial health and efficiency and can suggest a company’s ability to generate sufficient revenue to maintain operations.</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 be eligible for inclusion in the Underlying Index, an issuer must be </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">included in the Nasdaq US Benchmark™ Index (a float adjusted, market capitalization-weighted index designed to track the performance of the U.S. equity market) and have had positive free cash flow in each of the past 11 years. The Underlying Index includes the top 50 eligible securities, based on the greatest number of years during that period when a company had a year-over-year increase in positive free cash flow. In the event that securities have the same number of years with positive year-over-year changes in free cash flow, the Underlying Index selects securities of </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">companies with the highest compounded annual growth rate in free cash flow over the past three years.</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 a modified market capitalization weighted index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and may include companies in any industry or sector, other than the real estate and financials sectors, and of any 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">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 $114.9 million to $3.3</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; 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. As of 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, 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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; margin-left:15pt">Free Cash Flow Investing Risk. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Generally speaking, free cash flow is the cash a company generates after accounting for operating expenses and capital expenditures. While free cash flow yield can be a useful metric for evaluating a company, there is no guarantee that companies with high free cash flow yields will continue to maintain high free cash flow yields in the future, or that these companies will outperform companies with lower free cash flow yields. Investing in companies with high free cash flows may lead to underperformance during periods when such investments are unpopular, and/or when fluctuations in market conditions, industry disruptions, or company-specific factors may jeopardize a company's ability to generate free cash flow.</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">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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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">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 will present total return</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">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 NASDAQ Future Gen 200 ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Nasdaq Innovators Completion Cap™ 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">0.20</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">0.20</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) 0.002 0 0.002 <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">$20</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">$64</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">$113</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">$255</span></div> </div> </td> </tr> </table> </div> 20 64 113 255 <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 72% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.72 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 90% 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">Nasdaq, Inc. (“Nasdaq” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is comprised of securities of approximately 200 Nasdaq-listed, non-financial companies outside of the Nasdaq-100 Index</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"> and Nasdaq Next Generation 100</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 that have the most valuable portfolios of patents relative to their total market values, as estimated by a third-party data provider.</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">Securities are selected for inclusion in the Underlying Index based on </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the estimated value of their issuers’ patent portfolios, as determined by IPR Strategies, an independent data provider. IPR Strategies seeks to determine the potential value of an issuer by quantifying such issuer's intangible assets, such as its intellectual property and research and development activities, as represented by patents held by such issuer. To value a company’s patent portfolio, IPR Strategies utilizes a proprietary valuation model that takes into account patent data collected from multiple sources, including patent offices and corporate filings, as well as a variety of other economic data, including actual values from previously traded patents. The model then determines a “patent value estimate,” which represents the estimated dollar value of the portfolio of patents held by an issuer.</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 be eligible for inclusion in the Underlying Index, a security must be a </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">member of the Nasdaq Composite Index (a broad-based, capitalization-weighted index of all stocks listed on the Nasdaq) and must, among other criteria at the time of screening, have (i) traded for at least three calendar months on the Nasdaq Stock Market, New York Stock Exchange, NYSE American or Cboe BZX Exchange, (ii) a minimum full market capitalization of $100 million, and (iii) a minimum three-month average daily trading value of $1 million. The Underlying Index excludes securities of issuers included in the Nasdaq-100 Index</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"> (an index that measures the performance of 100 of the largest Nasdaq-listed non-financial companies by market capitalization) and the Nasdaq Next Generation 100</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index (an index that measures the performance of the 100 largest Nasdaq-listed companies outside of the Nasdaq-100 Index</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"> based on market capitalization). Securities eligible for inclusion in the Underlying Index may be of any capitalization (subject to the minimum $100 million threshold noted above), including small- and mid-cap companies. Security types generally eligible for inclusion in the Underlying Index include common stocks and American Depositary Receipts (“ADRs”) that represent securities of non-U.S. issuers. The Underlying Index may include companies from all major sectors, except for companies that are classified as “financials” according to the Industry Classification Benchmark.</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 issuers are ranked by the ratio of the company’s patent value </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">estimate (as determined by IPR Strategies) to its market capitalization, and the securities of the 200 issuers with the largest ratios (i.e., those with larger patent portfolio values relative to their market capitalization) are included in the Underlying Index. The Underlying Index is an equally weighted index. “Equal weighting” means that the Underlying Index assigns each component security the same weight.</span></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 197</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 $30.3 million to $8.6 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; 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. As of August 31, 2024, the Fund had significant exposure to the health care and information technology sectors. 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 health care and information technology sectors. 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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">Health Care Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Factors such as extensive government regulation, restrictions on government reimbursement for medical expenses, rising costs of medical products, services and facilities, pricing pressure, an increased emphasis on outpatient services, a limited number of products, industry innovation, costs associated with obtaining and protecting patents, product liability and other claims, changes in technologies and other market developments can adversely affect companies in the health care sector.</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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Third-Party Data Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund seeks to track an Underlying Index composed of securities of companies with valuable portfolios of patents. The Index Provider relies on an independent data provider to ascertain the potential value of an issuer's patents and related intangible assets (such as its intellectual property and research and development activities) in identifying securities for inclusion in the Underlying Index, as set forth in the Underlying Index's methodology. The Fund's performance may suffer if the data provider's methodology does not correctly value an issuer's patents. Performance may also suffer if the companies whose securities are included in the Underlying Index ultimately do not benefit from holding such patents. Further, there is a risk that information used by the data provider to evaluate issuers' patent portfolios may not be accurate. There is no guarantee that the Underlying Index will be composed of companies with the most valuable patents.</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">ADR Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> ADRs are certificates that evidence ownership of shares of a foreign issuer and are alternatives to purchasing the underlying foreign securities directly in their national markets and currencies. ADRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities. Moreover, ADRs may not track the price of the underlying foreign securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.</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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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.</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="tm2426228d1qqqsi002.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">3.91%</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">11.53%</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">September 30, 2023</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">-17.51%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0391 Best Quarter 2023-12-31 0.1153 Worst Quarter 2023-09-30 -0.1751 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:162.35pt"> <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:43.15pt"> <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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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">10/13/2022</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">-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> <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: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">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> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">-2.31</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: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">3.44</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">-1.18</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: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">2.72</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:162.35pt"> <div style="line-height:9pt; text-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">Nasdaq Innovators Completion Cap 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">-2.12</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: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">3.73</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:162.35pt"> <div style="line-height:9pt; text-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">NASDAQ</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"> Composite 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">44.64</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: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">33.83</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:162.35pt"> <div style="line-height:9pt; text-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 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">16.93</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: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">15.87</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> 2022-10-13 -0.0212 0.0361 -0.0231 0.0344 -0.0118 0.0272 (reflects no deduction for fees, expenses or taxes) -0.0212 0.0373 0.4464 0.3383 0.1693 0.1587 <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 NASDAQ Next Gen 100 ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Nasdaq Next Generation 100 Index</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:6.5pt; line-height:11pt; position:relative; top:-4.25pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(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">0.15</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: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">0.15</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) 0.0015 0 0.0015 <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">$15</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">$48</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">$85</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">$192</span></div> </div> </td> </tr> </table> </div> 15 48 85 192 <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 30% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.30 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 90% 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">Nasdaq, Inc.(“Nasdaq” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the Nasdaq-100 Index</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"> (the “Nasdaq-100”) based on 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">To be eligible for inclusion in the Underlying Index, a security must meet </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">the existing eligibility criteria of the Nasdaq-100, an index that measures the performance of 100 of the largest domestic and international non-financial companies by market capitalization on The Nasdaq Stock Market LLC. Securities meeting the Nasdaq-100 eligibility criteria are ranked by market capitalization, with approximately the largest 100 securities not currently in the Nasdaq-100 selected 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">Security types generally eligible for inclusion in the Underlying Index are </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">common stocks and tracking stocks, as well as American Depositary Receipts (“ADRs”) that represent securities of non-U.S. issuers. The Underlying Index may include companies from all major sectors, except for companies that are classified as “financials” according to the Industry Classification Benchmark (“ICB”). The Underlying Index may include Nasdaq-listed securities of both U.S. and foreign companies, including </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">foreign companies located in emerging market countries. Securities of companies organized as real estate investment trusts (“REITs”),</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 of Special Purpose Acquisition Companies (“SPACs”), and “when-issued” securities are not 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 Underlying Index weights its component securities using a </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">“modified market capitalization-weighted” methodology, which is a hybrid between equal weighting and conventional capitalization weighting. Under this methodology, no issuer may exceed 4% of the weight of 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 102 constituents with market capitalizations ranging from $3.2 billion to $134.2 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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. 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Non-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">ADR Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> ADRs are certificates that evidence ownership of shares of a foreign issuer and are alternatives to purchasing the underlying foreign securities directly in their national markets and currencies. ADRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities. Moreover, ADRs may not track the price of the underlying foreign securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.</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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1qqqji002.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">13.33%</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">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">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">-19.67%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1333 Best Quarter 2023-12-31 0.0959 Worst Quarter 2022-06-30 -0.1967 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:162.35pt"> <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:43.15pt"> <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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:9pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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">10/13/2020</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">13.55</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:36.22pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:31.22pt"> <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">1.04</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:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">13.35</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: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">0.82</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">8.14</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: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">0.76</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:162.35pt"> <div style="line-height:9pt; text-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">Nasdaq Next Generation 100™ 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">13.70</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: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">1.20</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:162.35pt"> <div style="line-height:9pt; text-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">NASDAQ</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"> Composite 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">44.64</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: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">8.43</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:162.35pt"> <div style="line-height:9pt; text-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 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:43.15pt"> <div style="line-height:0.5pt; margin-left:2pt; margin-right:5pt; text-align:right; width:36.15pt"> <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:28.27pt"> <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">25.96</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: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">10.93</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> 2020-10-13 0.1355 0.0104 0.1335 0.0082 0.0814 0.0076 (reflects no deduction for fees, expenses or taxes) 0.137 0.012 0.4464 0.0843 0.2596 0.1093 <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 PHLX Semiconductor ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the PHLX Semiconductor™ 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 22% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.22 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 90% 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">Nasdaq, Inc. (“Nasdaq” or the “Index Provider”) compiles the Underlying Index, which is a modified market-capitalization weighted index designed to measure the performance of the 30 largest companies listed in the United States that are engaged in the semiconductor business, as determined by the Index Provider. Semiconductors include products such as memory chips, microprocessors, integrated circuits and related equipment that serve a wide variety of purposes in various types of electronics, including in personal household products, automobiles and computers, among others. The Underlying Index includes companies engaged in the design, distribution, manufacture and sale of semiconductors.</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">Eligible securities must: (1) be classified under the semiconductors </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">subsector or production technology equipment subsector of the Industry Classification Benchmark (“ICB”), (2) have a market capitalization of at least $100 million, (3) have traded at least 1.5 million shares in each of the prior six calendar months, and (4) be listed on the Nasdaq Stock Market, the New York Stock Exchange (“NYSE”), NYSE American, or the CBOE Exchange.</span></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 rebalanced annually in September and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">reweighted quarterly, effective at market open of the following trading day after the close of trading on the third Friday in March, June, September and </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">December. Securities in the Underlying Index are weighted by market capitalization. At each quarter, Nasdaq reweights the Underlying Index such that the three largest securities may not exceed 12%, 10% and 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">respectively,</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 weight of the Underlying Index; the individual weights of all other remaining constituents may not exceed 4%. The Fund is rebalanced and reweighted in accordance with 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, 2024, the Underlying Index was comprised of 30 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">constituents with market capitalizations ranging from approximately $5.9 billion to $3.3 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; 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 the semiconductors industry that are contained in the Underlying Index. As of August 31, 2024, the Fund had significant exposure to the semiconductors industry. 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 the semiconductors industry that are contained in the Underlying Index. As of August 31, 2024, the Fund had significant exposure to the semiconductors industry. 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">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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">Semiconductors Industry Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund will be sensitive to, and its performance may depend to a greater extent on, the overall condition of the semiconductors industry. Competitive pressures, intense competition, aggressive pricing, technological developments, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">changing demand, research and development costs, availability and price of components and product obsolescence can significantly affect companies operating in the semiconductors industry. Global events, such as widespread epidemics or pandemics, may impair the manufacturing output of semiconductor equipment and may disrupt supply chains for industries that rely on such equipment. Semiconductor companies are vulnerable to wide fluctuations in securities prices due to such global circumstances and may be negatively impacted as a result.</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">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">Foreign Exposure 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"> Although the Fund invests in securities of companies listed on U.S. securities exchanges, the international operations of those companies may create exposure to foreign markets where such companies operate. The international operations of many semiconductor companies expose them to risks associated with political, social or economic events in other countries or regions, which may include instability and changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, tariffs and trade disputes, competition from subsidized foreign competitors with lower production costs and other risks inherent to international business.</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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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 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="tm2426228d1soxqi002.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">24.53%</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, 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">28.00%</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">-25.18%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.2453 Best Quarter 2023-03-31 0.28 Worst Quarter 2022-06-30 -0.2518 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:162.35pt"> <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:32.11pt"> <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:162.35pt"> <div style="line-height:9pt; text-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">6/11/2021</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:32.11pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:22.11pt"> <div style="display:flex; margin:auto; width:23.11pt"> <div style="display:flex; white-space:nowrap; width:23.11pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:23.11pt">66.68</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: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">12.17</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:162.35pt"> <div style="line-height:9pt; text-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:32.11pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:22.11pt"> <div style="display:flex; margin:auto; width:23.11pt"> <div style="display:flex; white-space:nowrap; width:23.11pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:23.11pt">66.27</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: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">11.84</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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:32.11pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:22.11pt"> <div style="display:flex; margin:auto; width:23.11pt"> <div style="display:flex; white-space:nowrap; width:23.11pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:23.11pt">39.68</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: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">9.38</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:162.35pt"> <div style="line-height:9pt; text-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">PHLX Semiconductor™ 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:32.11pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:22.11pt"> <div style="display:flex; margin:auto; width:23.11pt"> <div style="display:flex; white-space:nowrap; width:23.11pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:23.11pt">67.00</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: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">12.35</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:162.35pt"> <div style="line-height:9pt; text-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">NASDAQ</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"> Composite 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:39.32pt"> <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:32.11pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:22.11pt"> <div style="display:flex; margin:auto; width:23.11pt"> <div style="display:flex; white-space:nowrap; width:23.11pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:23.11pt">44.64</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: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">3.39</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> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:162.35pt"> <div style="line-height:9pt; text-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 Composite 1500</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"> Semiconductor 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:32.11pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:22.11pt"> <div style="display:flex; margin:auto; width:23.11pt"> <div style="display:flex; white-space:nowrap; width:23.11pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:23.11pt">106.35</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: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">23.75</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 S&amp;P Composite 1500</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">Semiconductor Index to the NASDAQ</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; line-height:9pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt">Composite Index to reflect that the NASDAQ</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"> Composite Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2021-06-11 0.6668 0.1217 0.6627 0.1184 0.3968 0.0938 (reflects no deduction for fees, expenses or taxes) 0.67 0.1235 0.4464 0.0339 1.0635 0.2375 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P Composite 1500® Semiconductor Index to the NASDAQ® Composite Index to reflect that the NASDAQ® Composite 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 Equal Weight 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"> Equal Weight 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">0.20</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">0.20</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) 0.002 0 0.002 <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">$20</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">$64</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">$113</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">$255</span></div> </div> </td> </tr> </table> </div> 20 64 113 255 <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 30% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.30 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 90% 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, maintains, and calculates the Underlying Index, which is designed to measure the performance of approximately 1,000 equally-weighted securities. The Underlying Index is comprised of all of the securities in 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 “Russell 1000”), which is designed to measure the performance of the large-cap segment of the U.S. equity market and consists of the stocks of the largest 1,000 U.S. companies 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">The Underlying Index is constructed by applying a three-step process. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">First, the Index Provider assigns each component security of the Russell 1000 to an industry based on the Industry Classification Benchmark (the “ICB”) classification system. The ICB classification system is composed of 11 economic industries: basic materials, consumer discretionary, consumer staples, energy, financials, health care, industrials, real estate, technology, telecommunications and utilities. Second, once the component securities are assigned to an industry, the Index Provider allocates an equal weight to each industry and then assigns an equal weight to each constituent security within each industry. Third, the Index Provider then applies a “capacity screen” to the Underlying Index to eliminate securities of companies with </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">limited “free float” (i.e., companies with a limited amount of shares publicly available in the market).</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 also may include securities of mid-cap issuers. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Therefore, due to the equal weighting methodology of the Underlying Index, the Fund may have greater exposure to mid-cap issuers than would be the case if the Underlying Index used a traditional capitalization-weighted methodology.</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 994 securities with market capitalizations ranging from $149.9 million 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.</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 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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1eqali002.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">11.75%</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">27.37%</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">-28.62%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1175 Best Quarter 2020-06-30 0.2737 Worst Quarter 2020-03-31 -0.2862 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:134.13pt"> <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: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:134.13pt"> <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">12/23/2014</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">12.06</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">11.60</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: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">8.22</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:134.13pt"> <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">11.45</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">11.07</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">7.76</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:134.13pt"> <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">7.40</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">9.13</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: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">6.54</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:134.13pt"> <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">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"> Equal Weight 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: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">12.18</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">11.71</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: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">8.37</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:134.13pt"> <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">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: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">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">11.22</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:134.13pt"> <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">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: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">26.53</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">11.50</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 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> 2014-12-23 0.1206 0.116 0.0822 0.1145 0.1107 0.0776 0.074 0.0913 0.0654 (reflects no deduction for fees, expenses or taxes) 0.1218 0.1171 0.0837 0.2596 0.1516 0.1122 0.2653 0.1552 0.115 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: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 S&amp;P 500</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"> Enhanced Value ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> Enhanced Value 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 31% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.31 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of the top 100 stocks in the S&amp;P 500</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 that have the highest “value score”, which the Index Provider calculates based on fundamental ratios of a company’s stock. A value stock tends to trade at a lower price relative to such fundamentals and thus may be considered undervalued by investors. In selecting constituent securities for the Underlying Index, the Index Provider first calculates the value score of each stock in the S&amp;P 500</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 by evaluating each stock’s: (i) book value-to-price ratio, calculated using the company’s latest book value per share divided by its price; (ii) earnings-to-price ratio, calculated using the company’s trailing 12-month earnings per share divided by its price; and (iii) sales-to-price ratio, calculated using the company’s trailing 12-month sales per share divided by its price. The Index Provider then calculates the value score of each security based on a composite of those three factors and selects the top 100 stocks with the highest value score for inclusion in the Underlying Index. The Underlying Index uses a modified market capitalization-weighted strategy, weighting securities by the product of their </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">float-adjusted market capitalization and their value score, subject to certain security and sector constraints.</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 99</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 $6.8 billion to $624.8 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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">Non-Diversification Risk.</span> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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 <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">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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1spvui002.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">14.82%</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, 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">24.50%</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">-37.96%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1482 Best Quarter 2020-12-31 0.245 Worst Quarter 2020-03-31 -0.3796 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">10/9/2015</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">11.59</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">10.59</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">9.67</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">10.72</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">9.85</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">9.02</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">7.38</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">8.28</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: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">7.72</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">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"> Enhanced Value 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: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">11.73</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">10.71</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: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">9.84</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">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><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">26.29</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: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">13.11</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 S&amp;P 500</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"> Enhanced Value Index to the S&amp;P 500</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 S&amp;P 500</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> 2015-10-09 0.1159 0.1059 0.0967 0.1072 0.0985 0.0902 0.0738 0.0828 0.0772 (reflects no deduction for fees, expenses or taxes) 0.1173 0.1071 0.0984 0.2629 0.1569 0.1311 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Enhanced Value Index to the S&P 500® Index to reflect that the S&P 500® 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 S&amp;P 500</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"> ex-Rate Sensitive Low Volatility ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500 Low Volatility Rate Response 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">0.25</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.25</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) 0.0025 0 0.0025 <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">$26</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">$80</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">$141</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">$318</span></div> </div> </td> </tr> </table> </div> 26 80 141 318 <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 66% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.66 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the volatility-driven weighted performance of the 100 constituents of the S&amp;P 500</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 that exhibit the lowest volatility and low sensitivity to changes in the 10-year U.S. Treasury rates (interest rate risk). The Underlying Index selects stocks from the S&amp;P 500</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 that exhibit low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations (increases or decreases in a stock’s price) over time. The Index Provider determines a stock’s interest rate sensitivity by performing a regression of the stock’s returns over a five-year period (60 monthly stock returns) to changes in the 10-Year U.S. Treasury rate over that same period.</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 100 constituents with market capitalizations ranging from $13.3 billion to $658.7 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">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">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-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 </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 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 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="tm2426228d1xrlvi002.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">16.20%</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">14.85%</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, 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">-23.82%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.162 Best Quarter 2020-06-30 0.1485 Worst Quarter 2020-03-31 -0.2382 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">4/9/2015</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">0.08</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: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">10.08</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: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">9.51</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: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">-0.55</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">9.56</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">9.03</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">0.46</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">7.94</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">7.66</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">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"> Low Volatility Rate Response 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">0.33</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">10.37</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: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">9.79</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">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><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">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: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">11.97</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 S&amp;P 500</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"> Low Volatility Rate Response Index to the S&amp;P 500</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 S&amp;P 500</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> 2015-04-09 0.0008 0.1008 0.0951 -0.0055 0.0956 0.0903 0.0046 0.0794 0.0766 (reflects no deduction for fees, expenses or taxes) 0.0033 0.1037 0.0979 0.2629 0.1569 0.1197 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Low Volatility Rate Response Index to the S&P 500® Index to reflect that the S&P 500® 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 S&amp;P 500</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"> High Beta ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> High Beta 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">0.25</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.25</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) 0.0025 0 0.0025 <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">$26</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">$80</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">$141</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">$318</span></div> </div> </td> </tr> </table> </div> 26 80 141 318 <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 91% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.91 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 90% 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; line-height:11pt; margin-left:15pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Strictly in accordance with its guidelines and mandated procedures, S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of the approximately 100 constituents of the S&amp;P 500</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 that have the highest sensitivity to changes in market returns, or “beta,” over the past 12 months as determined by the Index Provider. Beta is a measure of relative risk and is the rate of change of a security’s price. The Underlying Index weights each constituent security in proportion to its beta, with the highest beta securities receiving the greatest weights 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 97</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 $6.7 billion to $3.3</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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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 25% or more of the value of its total 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><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt"> </span></div> The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total 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">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">Beta Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Beta investing entails investing in securities that are more volatile based on historical market index data. The Fund may be more volatile since it seeks to have exposure to the most volatile securities. Volatile stocks may be subject to sharp swings in value, and may change unpredictably, affecting the value of such equity securities and, consequently, the value of the Shares.</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">Non-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1sphbi002.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">9.08%</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:28.7pt"> <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">37.40%</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">-36.11%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0908 Best Quarter 2020-06-30 0.374 Worst Quarter 2020-03-31 -0.3611 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:151.06pt"> <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: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:151.06pt"> <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">5/5/2011</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">33.26</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: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">20.16</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">11.95</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:151.06pt"> <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">32.99</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">19.69</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">11.56</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">19.82</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">16.29</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">9.81</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:151.06pt"> <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">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"> High Beta 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: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">33.58</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">20.46</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">12.24</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> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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">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><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">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">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&amp;P 500</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"> High Beta Index to the S&amp;P 500</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 S&amp;P 500</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> 2011-05-05 0.3326 0.2016 0.1195 0.3299 0.1969 0.1156 0.1982 0.1629 0.0981 (reflects no deduction for fees, expenses or taxes) 0.3358 0.2046 0.1224 0.2629 0.1569 0.1203 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® High Beta Index to the S&P 500® Index to reflect that the S&P 500® 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 S&amp;P 500 High Dividend Growers ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> High Dividend Growth 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:254.57pt"> <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">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:15.43pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:13.43pt"> <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">0.39</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:254.57pt"> <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">Other Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:15.43pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:13.43pt"> <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">0.02</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:254.57pt"> <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">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:15.43pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:13.43pt"> <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">0.41</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 0.0002 0.0041 <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">$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">$132</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">$230</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">$518</span></div> </div> </td> </tr> </table> </div> 42 132 230 518 <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 December</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, 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">40%</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. 0.40 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of a subset of companies within the S&amp;P 500</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 that have the highest forecasted dividend yield growth. To be eligible for inclusion in the Underlying Index, a security must have a forecasted dividend yield greater than zero,</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 must have increased or maintained a total dividend per share amount every year for at least five consecutive years, and its forecasted dividend per share must be greater than or equal to its most recent calendar year dividend per share. In selecting securities for the Underlying Index, the Index Provider utilizes dividend forecast data provided by S&amp;P Global Market Intelligence, an affiliate of the Index Provider.</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">At each semi-annual rebalancing in April and October, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider calculates a forecasted dividend yield growth for each eligible security within the S&amp;P 500</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 by taking the security’s forecasted dividend per share over the next 12 months, subtracting the security’s trailing twelve-month dividend per share, and then dividing this difference by the security’s price. The Underlying Index then includes the 100 securities with the highest forecasted dividend yield growth. The Underlying </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index weights each constituent security by its forecasted dividend yield, with higher forecasted dividend-yielding securities receiving proportionally greater weights.</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 100 constituents with market capitalizations ranging from $8.1 billion to $792.9 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; 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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">High Dividend Paying Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends. Also, changes in the dividend policies of the companies in which the Fund invests and the capital resources available for such companies' dividend payments may adversely affect the Fund.</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">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">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 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 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">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 S&amp;P 500</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"> High Dividend Low Volatility ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> Low Volatility High Dividend 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">0.30</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">0.30</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) 0.003 0 0.003 <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">$31</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">$97</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">$169</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">$381</span></div> </div> </td> </tr> </table> </div> 31 97 169 381 <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 49% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.49 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of approximately 50 securities in the S&amp;P 500</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 that historically have provided high dividend yields while exhibiting lower volatility. The Underlying Index selects constituents from the S&amp;P 500</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index, which is comprised of common stocks of approximately 500 large-capitalization companies that generally represent the large-cap</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">segment of the U.S. equity market. The Index Provider identifies the 75 securities in the S&amp;P 500</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 with the highest dividend yields over the past 12 months, with no one Global Industry Classification Standard (GICS</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">) sector within the S&amp;P 500</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 allowed to contribute more than 10 securities. From those securities, the Index Provider selects for inclusion in the Underlying Index the 50 securities with the lowest realized volatility over approximately the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations (increases or decreases in a stock’s price) over time. The Underlying Index weights each constituent security by its trailing 12-month dividend yield, with higher dividend-yielding securities receiving proportionally greater weights.</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</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 $9.4 billion to $518.8 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">High Dividend Paying Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends. Also, changes in the dividend policies of the companies in which the Fund invests and the capital resources available for such companies' dividend payments may adversely affect the Fund.</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">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-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1sphdi002.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">22.49%</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">15.32%</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">-30.97%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.2249 Best Quarter 2020-12-31 0.1532 Worst Quarter 2020-03-31 -0.3097 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">10/18/2012</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">1.37</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">6.67</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: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">8.39</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: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">0.09</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">5.45</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">7.28</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">1.35</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: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">4.98</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">6.57</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">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"> Low Volatility High Dividend 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: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">1.70</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">7.00</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">8.73</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><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="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">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&amp;P 500</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"> Low Volatility High Dividend Index to the S&amp;P 500</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 S&amp;P 500</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> 2012-10-18 0.0137 0.0667 0.0839 0.0009 0.0545 0.0728 0.0135 0.0498 0.0657 (reflects no deduction for fees, expenses or taxes) 0.017 0.07 0.0873 0.2629 0.1569 0.1203 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Low Volatility High Dividend Index to the S&P 500® Index to reflect that the S&P 500® 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 S&amp;P 500</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"> Low Volatility ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> Low Volatility 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">0.25</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.25</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) 0.0025 0 0.0025 <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">$26</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">$80</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">$141</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">$318</span></div> </div> </td> </tr> </table> </div> 26 80 141 318 <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 68% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.68 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of approximately 100 securities in the S&amp;P 500</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 that have exhibited the least volatility over the past 12 months, as determined by the Index Provider. The Underlying Index selects constituents from the S&amp;P 500</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,</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">which is comprised of common stocks of approximately 500 large-capitalization companies that generally represent the large-cap segment of the U.S. equity market.</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">Volatility is a statistical measurement of the magnitude of up and down </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">asset price fluctuations (increases or decreases in a stock’s price) over time. The realized volatility of every stock in the S&amp;P 500</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 is measured using available price return data for the trailing one year of trading days to determine the constituents that comprise the Underlying Index. The Underlying Index weights the 100 constituent securities based upon the inverse of each security’s volatility, with the least volatile securities receiving the greatest weights 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 100 constituents with market capitalizations ranging from $13.9 billion to $658.7 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; line-height:11pt; margin-left:15pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund employs a “full replication” methodology in seeking to track 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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 25% or more of the value of its total 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 25% or more of the value of its total 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1splvi002.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">16.32%</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">13.52%</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, 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">-18.99%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1632 Best Quarter 2019-03-31 0.1352 Worst Quarter 2020-03-31 -0.1899 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:151.06pt"> <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: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:151.06pt"> <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">5/5/2011</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">0.48</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">8.41</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">8.93</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:151.06pt"> <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">-0.13</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">7.82</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">8.35</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">0.67</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">6.55</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">7.19</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:151.06pt"> <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">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"> Low Volatility Index (reflects no deduction </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">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: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">0.72</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">8.68</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">9.22</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:151.06pt"> <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">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><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">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">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&amp;P 500</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"> Low Volatility Index to the S&amp;P 500</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 S&amp;P 500</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> 2011-05-05 0.0048 0.0841 0.0893 -0.0013 0.0782 0.0835 0.0067 0.0655 0.0719 (reflects no deduction for fees, expenses or taxes) 0.0072 0.0868 0.0922 0.2629 0.1569 0.1203 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Low Volatility Index to the S&P 500® Index to reflect that the S&P 500® 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 S&amp;P 500 Minimum Variance ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> Minimum Volatility 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 79% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.79 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of a subset of constituent securities of the S&amp;P 500</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 using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&amp;P 500</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, while maintaining other similar characteristics of the S&amp;P 500</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 S&amp;P 500</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 is comprised of common stocks of approximately 500 large-capitalization companies that generally represent the large-cap segment of the U.S. equity market. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations (increases or decreases in a stock’s price) over time. Unlike the S&amp;P 500</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, which is a traditional market capitalization-weighted index (meaning that companies with larger market capitalizations receive proportionally greater weight in the index, without regard to the volatility of those stocks), the Underlying Index weights its constituents using an optimization driven-weighting scheme that is designed to minimize overall forecasted volatility (i.e., reduce the magnitude of price fluctuations), subject to stock level, sector level and factor exposure constraints.</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 75 constituents with market capitalizations ranging from $14.8 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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">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 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> he 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="tm2426228d1spmvi002.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">20.59%</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">16.38%</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">-19.36%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.2059 Best Quarter 2020-06-30 0.1638 Worst Quarter 2020-03-31 -0.1936 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">7/13/2017</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">10.19</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: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">11.80</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: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">9.93</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">9.56</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">11.20</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">9.24</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">6.42</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: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">9.31</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">7.81</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">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"> Minimum Volatility 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: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">10.32</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: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">12.02</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">10.10</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">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><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">26.29</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: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">12.84</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 S&amp;P 500</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">Minimum Volatility Index to the S&amp;P 500</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 S&amp;P 500</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> 2017-07-13 0.1019 0.118 0.0993 0.0956 0.112 0.0924 0.0642 0.0931 0.0781 (reflects no deduction for fees, expenses or taxes) 0.1032 0.1202 0.101 0.2629 0.1569 0.1284 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Minimum Volatility Index to the S&P 500® Index to reflect that the S&P 500® 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 S&amp;P 500</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"> Momentum ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> Momentum 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 72% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.72 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of approximately 100 stocks in the S&amp;P 500</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 that have the highest “momentum score.” In general, momentum is the tendency of an investment to exhibit persistence in its relative performance; a “momentum style” of investing emphasizes investing in securities that have had better recent performance compared to other securities. The momentum score for each security included in the Underlying Index is based on price movements and volatility of the security as compared to other eligible securities within the S&amp;P 500</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.</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 constituent securities for the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider first calculates the momentum score of each stock in the S&amp;P</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">500 Index by evaluating the percentage change in the stock’s price over the last 12 months, excluding the most recent month, and applying an adjustment based on the security’s volatility over that period. (Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations (increases or decreases in a stock’s price) over time.) The Index Provider then selects approximately 100 stocks with the highest momentum score for inclusion in the Underlying Index. The Underlying Index uses a </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">modified market capitalization-weighted strategy, as the Index Provider weights securities by multiplying their market capitalization and their momentum score, subject to security and sector constraints.</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 98</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 $5.5 billion to $3.3</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; 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. 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 </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">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">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</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">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">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">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 </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">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 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 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="tm2426228d1spmoi002.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">38.95%</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">21.71%</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">December 31, 2018</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">-16.33%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.3895 Best Quarter 2020-06-30 0.2171 Worst Quarter 2018-12-31 -0.1633 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">10/9/2015</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">17.59</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">15.80</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: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">13.89</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">17.06</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">15.38</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">13.51</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">10.69</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">12.66</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: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">11.42</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: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">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"> Momentum 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">17.78</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">15.96</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">14.09</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">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: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">26.29</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: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">13.11</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> 2015-10-09 0.1759 0.158 0.1389 0.1706 0.1538 0.1351 0.1069 0.1266 0.1142 (reflects no deduction for fees, expenses or taxes) 0.1778 0.1596 0.1409 0.2629 0.1569 0.1311 <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 S&amp;P 500 QVM Multi-factor ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> Quality, Value &amp; Momentum Top 90% Multi-Factor 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">0.11</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">0.11</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) 0.0011 0 0.0011 <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">$11</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">$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">$62</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">$141</span></div> </div> </td> </tr> </table> </div> 11 35 62 141 <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 90% 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">S&amp;P Dow Jones Indices LLC (“S&amp;P DJI” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of 90% of the securities within the S&amp;P 500</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index (the “Parent Index”) after excluding those with the lowest quality, value and momentum multi-factor scores. The Underlying Index is composed of securities with multi-factor scores representing the top 90% of the Parent Index, as determined by the Index Provider.</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 construct the Underlying Index, each security in the Parent Index is </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assigned three separate “style scores” for each of the three factors (i.e., quality, value and momentum), based on the characteristics of the issuer:</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">The</span><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">score of each stock is based on the following three fundamental measures: (i) return on equity, (ii) accruals ratio, and (iii) financial leverage ratio (the Quality score of companies in the Financials or Real Estate sectors according to the Global Industry Classification Standard (“GICS”) is based only on the return on equity and financial leverage ratio measures).</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">The</span><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"> score of each stock is based on the following three fundamental measures: (i) book value-to-price ratio (ii) earnings-to-price ratio, and (iii) sales-to-price ratio.</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">The </span><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; font-style:italic; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">score of each stock is based on the risk-adjusted price performance during the specified prior measurement period.</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">Next, a combined “multi-factor” score is generated for each </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security in the Parent Index by calculating the average of such security’s underlying quality, value and momentum scores. Securities whose multi-factor score ranks within the top 90% of securities in the Parent Index (i.e., the 450 securities with the highest multi-factor scores) are generally selected for inclusion in the Underlying Index. Securities in the Underlying Index are weighted based on their float-adjusted 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 449</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 $6.7 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Multifactor Investing 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"> The Underlying Index seeks to emphasize certain factor exposures to securities within the eligible index universe, in accordance with the Underlying Index's methodology. There is no assurance that targeting exposure to such factors will enhance the Underlying Index's or the Fund’s performance over time, and targeting exposure to certain factors may detract from performance in some market environments. There is also no guarantee the Underlying Index will achieve the specific factor exposures.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Quality Investing 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 quality style of investing is subject to the risk that securities that have previously been identified with quality characteristics may not continue to be quality companies and that the returns of such securities may be less than returns on other styles of investing or the overall stock market.</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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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 </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">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="tm2426228d1qvmli002.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">23.09%</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">11.72%</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">-14.49%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.2309 Best Quarter 2023-12-31 0.1172 Worst Quarter 2022-06-30 -0.1449 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">6/30/2021</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">22.40</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">5.96</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">21.94</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">5.57</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">13.52</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">4.54</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: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">S&amp;P 500 Quality, Value &amp; Momentum Top 90% </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">Multi-factor 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:39.32pt"> <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">22.58</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: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">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, 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:39.32pt"> <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">26.29</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">5.93</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> </table> </div> 2021-06-30 0.224 0.0596 0.2194 0.0557 0.1352 0.0454 (reflects no deduction for fees, expenses or taxes) 0.2258 0.0609 0.2629 0.0593 <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 S&amp;P 500 Revenue ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 500</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"> Revenue-Weighted 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 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains, and calculates the Underlying Index, which is designed to measure the performance of positive revenue-producing constituent securities of the S&amp;P 500</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”). The Parent Index is comprised of common stocks of approximately 500 large-capitalization companies that generally represent the large-cap segment of the U.S. equity market. Unlike the Parent Index, which weights component securities by float-adjusted market capitalization, thereby giving higher percentage allocations to companies with larger market capitalizations, the Underlying Index uses a “revenue-weighted” methodology, whereby it weights each constituent security based on the sum of the company’s revenues for the trailing four quarters, divided by the total revenue of all Underlying Index constituents, subject to a maximum 5% per company weighting.</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 503</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 $5.5 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">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">Non-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 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 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 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">The Fund is the successor to the investment performance of the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Oppenheimer S&amp;P 500 Revenue 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 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="tm2426228d1rwli002.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">16.50%</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">17.24%</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">-24.22%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.165 Best Quarter 2020-06-30 0.1724 Worst Quarter 2020-03-31 -0.2422 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:149.97pt"> <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: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:149.97pt"> <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">2/19/2008</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">17.21</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: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">14.94</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">10.82</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:149.97pt"> <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">16.71</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">14.44</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">10.35</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">10.47</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">11.93</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">8.83</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:149.97pt"> <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">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"> Revenue-Weighted 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: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">17.64</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">15.37</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">11.25</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:149.97pt"> <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">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><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">26.29</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: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 S&amp;P 500</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"> Revenue-Weighted Index to the S&amp;P 500</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 S&amp;P 500</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> 2008-02-19 0.1721 0.1494 0.1082 0.1671 0.1444 0.1035 0.1047 0.1193 0.0883 (reflects no deduction for fees, expenses or taxes) 0.1764 0.1537 0.1125 0.2629 0.1569 0.1203 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Revenue-Weighted Index to the S&P 500® Index to reflect that the S&P 500® 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 S&amp;P MidCap 400</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"> QVM Multi-factor ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P MidCap 400</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"> Quality, Value &amp; Momentum Top 90% Multi-Factor 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">0.15</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: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">0.15</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) 0.0015 0 0.0015 <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">$15</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">$48</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">$85</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">$192</span></div> </div> </td> </tr> </table> </div> 15 48 85 192 <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 30% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.30 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 90% 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">S&amp;P Dow Jones Indices LLC (“S&amp;P DJI” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of 90% of the securities within the S&amp;P MidCap 400</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”), after excluding those with the lowest quality, value and momentum multi-factor scores. The Underlying Index is composed of securities with multi-factor scores representing the top 90% of the Parent Index, as determined by the Index Provider.</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 construct the Underlying Index, each security in the Parent Index is </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assigned three separate “style scores” for each of the three factors (i.e., quality, value and momentum), based on the characteristics of the issuer:</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">The</span><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">score of each stock is based on the following three fundamental measures: (i) return on equity, (ii) accruals ratio, and (iii) financial leverage ratio (the Quality score of companies in the Financials or Real Estate sectors according to the Global Industry Classification Standard (“GICS”) is based only on the return on equity and financial leverage ratio measures).</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">The</span><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"> score of each stock is based on the following three fundamental measures: (i) book value-to-price ratio (ii) earnings-to-price ratio, and (iii) sales-to-price ratio.</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">The </span><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; font-style:italic; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">score of each stock is based on the risk-adjusted price performance during the specified prior measurement period.</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">Next, a combined “multi-factor” score is generated for each </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security in the Parent Index by calculating the average of such security’s underlying quality, value and momentum scores. Securities whose multi-factor score ranks within the top 90% of securities in the Parent Index (i.e., the 360 securities with the highest multi-factor scores) are generally selected for inclusion in the Underlying Index. Securities in the Underlying Index are weighted based on their float-adjusted 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 359</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 $1.6 billion to $26.8 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.</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">Small- and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold">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.</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 securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-</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 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Multifactor Investing 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"> The Underlying Index seeks to emphasize certain factor exposures to securities within the eligible index universe, in accordance with the Underlying Index's methodology. There is no assurance that targeting exposure to such factors will enhance the Underlying Index's or the Fund’s performance over time, and targeting exposure to certain factors may detract from performance in some market environments. There is also no guarantee the Underlying Index will achieve the specific factor exposures.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Quality Investing 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 quality style of investing is subject to the risk that securities that have previously been identified with quality characteristics may not continue to be quality companies and that the returns of such securities may be less than returns on other styles of investing or the overall stock market.</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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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 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="tm2426228d1qvmmi002.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">13.86%</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">11.41%</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">-14.91%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1386 Best Quarter 2023-12-31 0.1141 Worst Quarter 2022-06-30 -0.1491 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">6/30/2021</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">15.43</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: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">2.54</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">14.95</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">2.14</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">9.33</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">1.87</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: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">S&amp;P MidCap 400 Quality, Value &amp; Momentum Top 90% </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">Multi-factor Index-TR (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:39.32pt"> <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">15.58</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">2.65</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">S&amp;P Composite 1500</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:39.32pt"> <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">25.47</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">5.61</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">S&amp;P MidCap 400</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><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">16.44</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: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">2.90</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> </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 S&amp;P MidCap 400</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2021-06-30 0.1543 0.0254 0.1495 0.0214 0.0933 0.0187 (reflects no deduction for fees, expenses or taxes) 0.1558 0.0265 0.2547 0.0561 0.1644 0.029 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P MidCap 400® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P MidCap 400 Revenue ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P MidCap 400</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"> Revenue-Weighted 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 30% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.30 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains, and calculates the Underlying Index, which is designed to measure the performance of positive revenue-producing constituent securities of the S&amp;P MidCap 400</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”). The Parent Index is comprised of common stocks of approximately 400 mid-capitalization companies that generally represent the mid-cap segment of the U.S. equity market. Unlike the Parent Index, which weights component securities by float-adjusted market capitalization, thereby giving higher percentage allocations to companies with larger market capitalizations, the Underlying Index uses a “revenue-weighted” methodology, whereby it weights each constituent security based on the sum of the company’s revenues for the trailing four quarters, divided by the total revenue of all Underlying Index constituents, subject to a maximum 5% per company weighting.</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 399</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 $1.6 billion to $26.8 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">Small- and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold">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.</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 securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-</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 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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">Oppenheimer S&amp;P MidCap 400 Revenue 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="tm2426228d1rwki002.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">11.80%</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">31.63%</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, 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">-36.54%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.118 Best Quarter 2020-12-31 0.3163 Worst Quarter 2020-03-31 -0.3654 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:149.97pt"> <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: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:149.97pt"> <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">2/20/2008</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">23.73</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: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">16.77</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">10.14</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:149.97pt"> <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">23.41</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">16.44</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">9.86</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">14.27</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">13.51</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">8.29</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:149.97pt"> <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">S&amp;P MidCap 400</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"> Revenue-Weighted 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><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">24.16</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: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">17.16</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">10.59</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:149.97pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:149.97pt"> <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">S&amp;P MidCap 400</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></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">16.44</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: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">12.62</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">9.27</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> </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 S&amp;P MidCap 400</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"> Revenue-Weighted Index to the S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2008-02-20 0.2373 0.1677 0.1014 0.2341 0.1644 0.0986 0.1427 0.1351 0.0829 (reflects no deduction for fees, expenses or taxes) 0.2416 0.1716 0.1059 0.2547 0.1539 0.1176 0.1644 0.1262 0.0927 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P MidCap 400® Revenue-Weighted Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P MidCap Low Volatility ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P MidCap 400</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"> Low Volatility 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">0.25</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.25</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) 0.0025 0 0.0025 <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">$26</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">$80</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">$141</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">$318</span></div> </div> </td> </tr> </table> </div> 26 80 141 318 <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 70% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.70 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of the 80 securities in the S&amp;P MidCap 400</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 that have exhibited the least volatility over the past 12 months, as determined by the Index Provider.</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 Underlying Index selects constituents</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">from the S&amp;P MidCap 400</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,</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">which is comprised of common stocks of approximately 400 mid-capitalization companies that generally represent the mid-cap segment of the U.S. equity market.</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">Volatility is a statistical measurement of the magnitude of up and down </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">asset price fluctuations (increases or decreases in a stock’s price) over time. The realized volatility of every stock in the S&amp;P MidCap 400</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 is measured using available price return data for the trailing one year of trading days to determine the constituents that comprise the Underlying Index. The Underlying Index weights the 80 constituent securities based upon the inverse of each security’s volatility, with the least volatile securities receiving the greatest weights 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 79 constituents with market capitalizations ranging from $1.6 billion to $16.6 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1xmlvi002.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">16.86%</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">15.52%</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, 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">-25.13%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1686 Best Quarter 2020-12-31 0.1552 Worst Quarter 2020-03-31 -0.2513 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:149.97pt"> <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: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:149.97pt"> <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">2/15/2013</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">1.70</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">5.83</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">8.61</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:149.97pt"> <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">1.05</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">5.23</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">8.01</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">1.32</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: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">4.41</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">6.86</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:149.97pt"> <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">S&amp;P MidCap 400</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"> Low Volatility 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: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">1.96</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">6.08</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">8.89</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:149.97pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:149.97pt"> <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">S&amp;P MidCap 400</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></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">16.44</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: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">12.62</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">9.27</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> </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 S&amp;P MidCap 400</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"> Low Volatility Index to the S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2013-02-15 0.017 0.0583 0.0861 0.0105 0.0523 0.0801 0.0132 0.0441 0.0686 (reflects no deduction for fees, expenses or taxes) 0.0196 0.0608 0.0889 0.2547 0.1539 0.1176 0.1644 0.1262 0.0927 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P MidCap 400® Low Volatility Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap 600</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"> GARP ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">GARP 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">0.35</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">0.35</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) 0.0035 0 0.0035 “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">$36</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">$113</span></div> </div> </td> </tr> </table> </div> 36 113 <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 March</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">25, 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">66%</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. 0.66 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to track the performance of approximately 90 growth stocks in the S&amp;P SmallCap 600</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”) with high quality and value composite scores, which are computed as described below. The Parent Index is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market. The Fund defines small-capitalization companies as companies whose securities are included in the Parent Index. As of 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, companies eligible for inclusion in the Parent Index had a market capitalization between $1</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 $6.7 billion at the time of their inclusion in the Parent Index; these market capitalization guidelines may fluctuate depending on the overall level of equity markets.</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 constituent securities for the Underlying Index, the Index </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Provider first identifies stocks that exhibit growth characteristics by calculating the growth score for each stock in the Parent Index. A stock’s </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">growth score is the average of its: (i) three-year earnings per share (“EPS”) growth, calculated as a company’s three-year EPS compound annual growth rate, and (ii) three-year sales per share (“SPS”) growth, calculated as a company’s three-year SPS compound annual growth rate. Stocks are ranked by growth score and the 180 stocks with the highest growth scores remain 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 then calculates a quality/value (“QV”) composite </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">score for each of these 180 stocks. A stock’s QV composite score is the average of its: (i) financial leverage ratio, calculated as a company’s latest total debt divided by its book value; (ii) return on equity, calculated as a company’s trailing 12-month EPS divided by its latest book value per share; and (iii) earnings-to-price ratio, calculated as a company’s trailing 12-month EPS divided by its price. In accordance with the Underlying Index methodology, the Index Provider ranks these 180 stocks by QV composite score. The top 90 stocks resulting from this ranking 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">The constituents of the Underlying Index are weighted based on their </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">respective growth scores, such that stocks with relatively higher growth scores will have a greater weighting in the Underlying Index. No security will have a weight that is less than 0.05% or more than 5% of the Underlying Index. Additionally, each sector, as defined according to the Global Industry Classification Standard (“GICS</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">”), will be subject to a maximum weight of 40%.</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 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">constituents with market capitalizations ranging from $406.6 million to $9.3 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; 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">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">Growth Investing Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The market values of “growth” securities may be more volatile than other types of investments. The returns on “growth” securities may or may not move in tandem with the returns on other styles of investing or the overall stock market. Growth securities typically invest a high portion of their earnings back into their business and may lack the dividend yield that could cushion their decline in a market downturn. 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">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">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">Non-Diversified Fund Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold; line-height:11pt"> </span>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 <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 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, investments in non-U.S. securities 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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 S&amp;P SmallCap 600 QVM Multi-factor ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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">Quality, Value &amp; Momentum Top 90% Multi-Factor 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">0.15</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: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">0.15</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) 0.0015 0 0.0015 <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">$15</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">$48</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">$85</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">$192</span></div> </div> </td> </tr> </table> </div> 15 48 85 192 <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 38% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.38 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 90% 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">S&amp;P Dow Jones Indices LLC (“S&amp;P DJI” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of 90% of the securities within the S&amp;P SmallCap 600</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”), after excluding those with the lowest quality, value and momentum multi-factor scores. The Underlying Index is composed of securities with multi-factor scores representing the top 90% of the Parent Index, as determined by the Index Provider.</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 construct the Underlying Index, each security in the Parent Index is </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">assigned three separate “style scores” for each of the three factors (i.e., quality, value and momentum), based on the characteristics of the issuer:</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">The</span><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">score of each stock is based on the following three fundamental measures: (i) return on equity, (ii) accruals ratio, and (iii) financial leverage ratio (the Quality score of companies in the Financials or Real Estate sectors according to the Global Industry Classification Standard (“GICS”) is based only on the return on equity and financial leverage ratio measures).</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">The</span><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"> score of each stock is based on the following three fundamental measures: (i) book value-to-price ratio (ii) earnings-to-price ratio, and (iii) sales-to-price ratio.</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">The </span><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; font-style:italic; font-weight:bold; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">score of each stock is based on the risk-adjusted price performance during the specified prior measurement period.</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">Next, a combined “multi-factor” score is generated for each </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">security in the Parent Index by calculating the average of such security’s underlying quality, value and momentum scores. Securities whose multi-factor score ranks within the top 90% of securities in the Parent Index (i.e., the 540 securities with the highest multi-factor scores) are generally selected for inclusion in the Underlying Index. Securities in the Underlying Index are weighted based on their float-adjusted 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 534</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 $406.6 million to $9.3 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.</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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Multifactor Investing 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"> The Underlying Index seeks to emphasize certain factor exposures to securities within the eligible index universe, in accordance with the Underlying Index's methodology. There is no assurance that targeting exposure to such factors will enhance the Underlying Index's or the Fund’s performance over time, and targeting exposure to certain factors may detract from performance in some market environments. There is also no guarantee the Underlying Index will achieve the specific factor exposures.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Quality Investing 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 quality style of investing is subject to the risk that securities that have previously been identified with quality characteristics may not continue to be quality companies and that the returns of such securities may be less than returns on other styles of investing or the overall stock market.</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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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 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="tm2426228d1qvmsi002.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">10.25%</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">15.13%</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">-12.91%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1025 Best Quarter 2023-12-31 0.1513 Worst Quarter 2022-06-30 -0.1291 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">6/30/2021</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">16.61</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: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">1.59</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">16.07</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">1.15</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">10.03</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">1.12</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">S&amp;P SmallCap 600 Quality, Value &amp; Momentum Top 90% </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">Multi-factor 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:39.32pt"> <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">16.75</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">1.71</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: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">S&amp;P Composite 1500</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:39.32pt"> <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">25.47</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">5.61</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">S&amp;P SmallCap 600</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><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">16.05</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">-0.03</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> </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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2021-06-30 0.1661 0.0159 0.1607 0.0115 0.1003 0.0112 (reflects no deduction for fees, expenses or taxes) 0.1675 0.0171 0.2547 0.0561 0.1605 -0.0003 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap 600 Revenue ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Revenue-Weighted 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 46% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.46 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains, and calculates the Underlying Index, which is designed to measure the performance of positive revenue-producing constituent securities of the S&amp;P SmallCap 600</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”). The Parent Index is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market. Unlike the Parent Index, which weights component securities by float-adjusted market capitalization, thereby giving higher percentage allocations to companies with larger market capitalizations, the Underlying Index uses a “revenue-weighted” methodology, whereby it weights each constituent security based on the sum of the company’s revenues for the trailing four quarters, divided by the total revenue of all Underlying Index constituents, subject to a maximum 5% per company weighting.</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 595</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 $380 million to $9.3 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">Non-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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">Oppenheimer S&amp;P SmallCap 600 Revenue 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="tm2426228d1rwji002.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">11.47%</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, 2021</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">40.49%</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">-37.74%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1147 Best Quarter 2021-03-31 0.4049 Worst Quarter 2020-03-31 -0.3774 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:149.97pt"> <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: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:149.97pt"> <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">2/19/2008</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">16.42</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">18.08</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: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">9.82</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:149.97pt"> <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">15.99</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">17.72</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">9.55</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">9.94</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">14.59</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">8.01</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:149.97pt"> <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">S&amp;P SmallCap 600</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"> Revenue-Weighted 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><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">16.75</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">18.30</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">10.17</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:149.97pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:149.97pt"> <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">S&amp;P SmallCap 600</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></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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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"> Revenue-Weighted Index to the S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2008-02-19 0.1642 0.1808 0.0982 0.1599 0.1772 0.0955 0.0994 0.1459 0.0801 (reflects no deduction for fees, expenses or taxes) 0.1675 0.183 0.1017 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Revenue-Weighted Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Consumer Discretionary ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Capped Consumer Discretionary 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 22% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.22 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the consumer discretionary sector, as defined by the Global Industry Classification Standard (“GICS</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">”). These companies are principally engaged in the business of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, apparel and luxury goods, computers and electronics retailers, automobiles and auto components, and hotels and restaurants. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 82</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 with market capitalizations ranging from $497.4 million to $8.1 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 25% or more of the value of its total 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></div> The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1pscdi002.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">8.08%</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:28.7pt"> <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">53.79%</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">-43.56%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0808 Best Quarter 2020-06-30 0.5379 Worst Quarter 2020-03-31 -0.4356 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:151.06pt"> <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: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:151.06pt"> <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">4/7/2010</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">33.11</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">14.74</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">8.94</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:151.06pt"> <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">32.70</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: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">14.44</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">8.67</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">19.80</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">11.80</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">7.25</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:151.06pt"> <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">S&amp;P SmallCap 600</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"> Capped Consumer </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">Discretionary 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: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">32.67</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">14.85</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">9.08</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:151.06pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:151.06pt"> <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">S&amp;P SmallCap 600</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: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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 0.3311 0.1474 0.0894 0.327 0.1444 0.0867 0.198 0.118 0.0725 (reflects no deduction for fees, expenses or taxes) 0.3267 0.1485 0.0908 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Consumer Staples ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Capped Consumer Staples 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 26% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.26 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the consumer staples sector, as defined by the Global Industry Classification Standard (“GICS</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">”). These companies are principally engaged in the business of providing consumer goods and services that have non-cyclical characteristics including, but not limited to, tobacco, food and beverage, and non-discretionary retail, such as household and personal products. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 26</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 with market capitalizations ranging from $380 million to $4.2 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; 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 25% or more of the value of its total 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 staples 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 25% or more of the value of its total 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 staples 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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 Staples 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">Changes in the worldwide economy, consumer spending, competition, demographics and consumer preferences, exploration and production spending may </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">adversely affect companies in the consumer staples sector. Companies in this sector also are affected by changes in government regulation, world events and economic conditions, as well as natural and man-made disasters and political, social or labor unrest that affect production and distribution of consumer staple products.</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">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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1pscci002.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">-0.19%</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">19.10%</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">-21.10%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 -0.0019 Best Quarter 2020-12-31 0.191 Worst Quarter 2020-03-31 -0.211 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:151.06pt"> <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: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:151.06pt"> <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">4/7/2010</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">14.87</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: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 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">10.38</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:151.06pt"> <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">14.43</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">11.95</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">9.96</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">9.07</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">9.80</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">8.45</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:151.06pt"> <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">S&amp;P SmallCap 600</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"> Capped Consumer Staples </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 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: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">14.99</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">12.65</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">10.65</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:151.06pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:151.06pt"> <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">S&amp;P SmallCap 600</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: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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 0.1487 0.1242 0.1038 0.1443 0.1195 0.0996 0.0907 0.098 0.0845 (reflects no deduction for fees, expenses or taxes) 0.1499 0.1265 0.1065 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Energy ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Capped Energy 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 62% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.62 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the energy sector, as defined by the Global Industry Classification Standard (“GICS</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">”). These companies are principally engaged in the business of producing, distributing or servicing energy related products and equipment, including relating to oil and gas exploration and production, refining, marketing, storage and transportation; and manufacturing equipment and the production and mining of coal, related products and other consumable fuels related to the generation of energy. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 30</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 with market capitalizations ranging from $710.5 million to $4.8 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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; 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 25% or more of the value of its total 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 energy 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 25% or more of the value of its total 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 energy 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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">Energy Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Changes in worldwide energy prices, exploration and production spending may adversely affect companies in the energy sector. In addition, changes in government regulation, world events and political and economic conditions can affect these companies. These companies also are at risk of civil liability from accidents resulting in injury, loss of life or property, pollution or other environmental damage claims and risk of loss from terrorism, war and natural disasters. Commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources, development of alternative energy sources, technological developments, geopolitical conflict and related economic sanctions and labor relations also could affect 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">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">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">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 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 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 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="tm2426228d1pscei002.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">-4.61%</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">54.65%</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">-70.65%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 -0.0461 Best Quarter 2020-06-30 0.5465 Worst Quarter 2020-03-31 -0.7065 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:149.35pt"> <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:25.68pt"> <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:149.35pt"> <div style="line-height:9pt; text-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">4/7/2010</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">4.94</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">4.83</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:25.68pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">-13.19</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:10.25pt"> <td style=" vertical-align:Bottom; width:149.35pt"> <div style="line-height:9pt; text-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">4.23</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">4.49</span></div> </div> </div> </td> <td style=" vertical-align:Bottom; white-space:nowrap; width:25.68pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">-13.36</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.35pt"> <div style="line-height:9pt; text-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: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">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: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">3.68</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.68pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">-8.25</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:149.35pt"> <div style="line-height:9pt; text-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 SmallCap 600</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"> Capped Energy 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: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">5.19</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">5.11</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.68pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">-12.97</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:149.35pt"> <div style="line-height:9pt; text-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 Composite 1500</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 </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">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">25.47</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">15.39</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.68pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">11.76</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:149.35pt"> <div style="line-height:9pt; text-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 SmallCap 600</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: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">16.05</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">11.03</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:25.68pt"> <div style="line-height:9pt; margin-left:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 0.0494 0.0483 -0.1319 0.0423 0.0449 -0.1336 0.0332 0.0368 -0.0825 (reflects no deduction for fees, expenses or taxes) 0.0519 0.0511 -0.1297 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Financials ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Capped Financials &amp; Real Estate 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 21% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.21 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the financials and real estate sectors, as defined by the Global Industry Classification Standard (“GICS</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">”). These companies, which include real estate investment trusts (“REITs”), are principally engaged in the business of providing financial services and products, including banking, diversified financials, insurance,</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">mortgage REITs and capital markets. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 169</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 with market capitalizations ranging from $497.6 million to $8.4 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 25% or more of the value of its total 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 and real estate sectors. 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 25% or more of the value of its total 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 and real estate sectors. 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Real Estate Sector Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. The real estate sector contains companies operating in real estate development and operation, as well as companies related to the real estate sector, including REITs. Investments in securities of these companies are subject to risks such as: fluctuations in the value of the underlying properties; defaults by borrowers or tenants; market saturation; changes in general and local economic conditions; decreases in market rates for rents; changes in the availability, cost and terms of mortgage funds; increased competition, property taxes, capital expenditures, or operating expenses; and other economic, political or regulatory occurrences, including the impact of changes in environmental laws. The real estate sector is particularly sensitive to economic downturns and changes to interest rates.</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">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 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 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 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1pscfi002.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">14.55%</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, 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">29.62%</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">-34.52%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1455 Best Quarter 2020-12-31 0.2962 Worst Quarter 2020-03-31 -0.3452 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:151.06pt"> <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: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:151.06pt"> <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">4/7/2010</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">5.63</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">3.88</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">5.45</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:151.06pt"> <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">4.36</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">2.79</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">4.50</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">3.52</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: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">2.66</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">4.07</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:151.06pt"> <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">S&amp;P SmallCap 600</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"> Capped Financials &amp; Real </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">Estate 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: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">5.84</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">4.10</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">5.70</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:151.06pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:151.06pt"> <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">S&amp;P SmallCap 600</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: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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 0.0563 0.0388 0.0545 0.0436 0.0279 0.045 0.0352 0.0266 0.0407 (reflects no deduction for fees, expenses or taxes) 0.0584 0.041 0.057 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Health Care ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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:6.5pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Capped Health Care 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 32% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.32 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the health care sector, as defined by the Global Industry Classification Standard (“GICS</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">”). These companies are principally engaged in the business of providing healthcare-related products, facilities, technology, supplies, and equipment and services, including in areas such as biotechnology, pharmaceuticals</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 life sciences. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 70</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 $424.5 million to $7.3 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; line-height:11pt; margin-left:15pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">The Fund employs a “full replication” methodology in seeking to track 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 25% or more of the value of its total 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 health care 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 25% or more of the value of its total 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 health care 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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">Health Care Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Factors such as extensive government regulation, restrictions on government reimbursement for medical expenses, rising costs of medical products, services and facilities, pricing pressure, an increased emphasis on outpatient services, a limited number of products, industry innovation, costs associated with obtaining and protecting patents, product liability and other claims, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">changes in technologies and other market developments can adversely affect companies in the health care sector.</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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1pschi002.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">7.99%</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">28.40%</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">December 31, 2018</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">-23.12%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0799 Best Quarter 2020-12-31 0.284 Worst Quarter 2018-12-31 -0.2312 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:151.06pt"> <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: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:151.06pt"> <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">4/7/2010</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">-2.61</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: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">3.57</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">9.12</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:151.06pt"> <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">-2.61</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: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">3.57</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">9.04</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">-1.54</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">2.76</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">7.46</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:151.06pt"> <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">S&amp;P SmallCap 600</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"> Capped Health Care 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: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">-2.38</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">3.79</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">9.37</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:151.06pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:151.06pt"> <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">S&amp;P SmallCap 600</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: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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 -0.0261 0.0357 0.0912 -0.0261 0.0357 0.0904 -0.0154 0.0276 0.0746 (reflects no deduction for fees, expenses or taxes) -0.0238 0.0379 0.0937 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap High Dividend Low Volatility ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Low Volatility High Dividend 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">0.30</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">0.30</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) 0.003 0 0.003 <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">$31</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">$97</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">$169</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">$381</span></div> </div> </td> </tr> </table> </div> 31 97 169 381 <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 79% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.79 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of approximately 60 securities in the S&amp;P SmallCap 600</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index that historically have provided high dividend yields while exhibiting lower volatility. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 identifies the 90 securities in the S&amp;P SmallCap </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">600</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 with the highest dividend yields over the past 12 months, with no one Global Industry Classification Standard (GICS</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">) sector within the S&amp;P SmallCap 600</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 allowed to contribute more than 10 securities. From those securities, the Index Provider selects for inclusion in the Underlying Index the 60 securities with the lowest realized volatility over approximately the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations (increases or decreases in a stock’s price) over time. The Underlying Index weights each constituent security by its trailing 12-month dividend yield, with higher dividend-yielding securities receiving proportionally greater weights.</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 55</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 $438.5 million to $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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">High Dividend Paying Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends. Also, changes in the dividend policies of the companies in which the Fund invests </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">and the capital resources available for such companies' dividend payments may adversely affect the Fund.</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">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">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-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1xshdi002.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">-1.31%</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">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">29.20%</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">-40.47%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 -0.0131 Best Quarter 2020-12-31 0.292 Worst Quarter 2020-03-31 -0.4047 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">12/1/2016</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">2.92</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">-0.07</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: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 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">0.23</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">-1.97</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: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">-1.84</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">2.14</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">-0.56</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: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">-0.47</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">S&amp;P SmallCap 600</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"> Low Volatility High </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">Dividend 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><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">3.26</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">0.23</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: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">0.13</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">S&amp;P Composite 1500</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 </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:39.07pt"> <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">25.47</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">15.39</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="-sec-ix-hidden: hidden-fact-3; line-height:9pt; margin-left:5pt; text-align:right; width:30.97pt"> <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">—</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">S&amp;P SmallCap 600</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 </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">16.05</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">11.03</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: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">8.78</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 S&amp;P SmallCap 600</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"> Low Volatility High Dividend Index to the S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2016-12-01 0.0292 -0.0007 -0.0018 0.0023 -0.0197 -0.0184 0.0214 -0.0056 -0.0047 (reflects no deduction for fees, expenses or taxes) 0.0326 0.0023 0.0013 0.2547 0.1539 0.1605 0.1103 0.0878 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Low Volatility High Dividend Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Industrials ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Capped Industrials 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 29% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.29 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the industrials sector, as defined by the Global Industry Classification Standard (“GICS</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">”). These companies are principally engaged in the business of producing capital goods, such as aerospace and defense products, building products, electrical equipment, and machinery; providing commercial and professional services; and transportation, such as ground and marine transportation, passenger airlines, and air freight and logistics. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 95</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 with market capitalizations ranging from $406.6 million to $9.3 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 25% or more of the value of its total 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 25% or more of the value of its total 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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> he 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="tm2426228d1pscii002.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">14.66%</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">27.55%</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">-32.72%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1466 Best Quarter 2020-12-31 0.2755 Worst Quarter 2020-03-31 -0.3272 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:151.06pt"> <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: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:151.06pt"> <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">4/7/2010</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">31.49</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">16.57</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">10.67</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:151.06pt"> <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">31.23</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">16.35</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">10.46</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">18.78</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">13.37</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">8.78</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:151.06pt"> <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">S&amp;P SmallCap 600</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"> Capped Industrials 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: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">31.84</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">16.90</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">10.97</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:151.06pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:151.06pt"> <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">S&amp;P SmallCap 600</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: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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 0.3149 0.1657 0.1067 0.3123 0.1635 0.1046 0.1878 0.1337 0.0878 (reflects no deduction for fees, expenses or taxes) 0.3184 0.169 0.1097 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Information Technology ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Capped Information Technology 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 34% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.34 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the information technology sector, as defined by the Global Industry Classification Standard (“GICS</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">”). These companies are principally engaged in the business of providing information technology-related products and services, including, but not limited to, developing and producing software; manufacturing communication equipment and products, and electronic equipment and instruments; and manufacturing semiconductors and related products. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 65</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 with market capitalizations ranging from $552.7 million to $6.2 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 25% or more of the value of its total 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 25% or more of the value of its total 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1pscti002.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">-0.60%</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">41.62%</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">-26.09%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 -0.006 Best Quarter 2020-12-31 0.4162 Worst Quarter 2020-03-31 -0.2609 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:151.06pt"> <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: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:151.06pt"> <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">4/7/2010</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">20.71</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: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">15.96</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: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">12.68</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:151.06pt"> <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">20.69</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: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">15.94</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">12.64</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">12.25</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">12.92</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">10.64</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:151.06pt"> <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">S&amp;P SmallCap 600</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"> Capped Information Technology </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 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: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">20.95</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">16.27</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">12.97</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:151.06pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:151.06pt"> <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">S&amp;P SmallCap 600</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: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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 0.2071 0.1596 0.1268 0.2069 0.1594 0.1264 0.1225 0.1292 0.1064 (reflects no deduction for fees, expenses or taxes) 0.2095 0.1627 0.1297 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Low Volatility ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Low Volatility 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">0.25</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.25</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) 0.0025 0 0.0025 <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">$26</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">$80</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">$141</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">$318</span></div> </div> </td> </tr> </table> </div> 26 80 141 318 <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 76% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.76 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of approximately 120 securities in the S&amp;P SmallCap 600</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index that have exhibited the least volatility over the past 12 months, as determined by the Index Provider. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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,</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">which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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">Volatility is a statistical measurement of the magnitude of up and down </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">asset price fluctuations (increases or decreases in a stock’s price) over time.</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 realized volatility of every stock in the S&amp;P SmallCap 600</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 is measured using available price return data for the trailing one year of trading days to determine the constituents that comprise the Underlying Index. The Underlying Index weights the 120 constituent securities based upon the inverse of each security’s volatility, with the least volatile securities receiving the greatest weights 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 119 constituents with market capitalizations ranging from $510.7 million to $9.3 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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.</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 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">Non-Diversification Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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">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 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 investing in the Fund by showing how the Fund’s total returns have varied </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1xslvi002.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">10.71%</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">23.35%</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">-33.54%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1071 Best Quarter 2020-12-31 0.2335 Worst Quarter 2020-03-31 -0.3354 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:149.97pt"> <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: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:149.97pt"> <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">2/15/2013</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">1.17</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">3.17</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">6.05</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:149.97pt"> <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">0.46</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">2.41</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">5.33</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">0.96</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">2.24</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">4.65</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:149.97pt"> <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">S&amp;P SmallCap 600</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"> Low Volatility 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: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">1.43</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">3.45</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">6.32</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:149.97pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:149.97pt"> <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">S&amp;P SmallCap 600</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></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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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"> Low Volatility Index to the S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2013-02-15 0.0117 0.0317 0.0605 0.0046 0.0241 0.0533 0.0096 0.0224 0.0465 (reflects no deduction for fees, expenses or taxes) 0.0143 0.0345 0.0632 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Low Volatility Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Materials ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Capped Materials 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 36% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.36 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the materials sector, as defined by the Global Industry Classification Standard (“GICS</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">”). These companies are principally engaged in the business of producing raw materials, including producing and manufacturing chemical products; manufacturing construction materials, containers, and packaging; mining metals and the production of related products; and manufacturing paper and forest products. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 29 securities with market capitalizations ranging from $438.5 million to $7.5 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; 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 25% or more of the value of its total 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 materials 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 25% or more of the value of its total 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 materials 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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">Materials Sector Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. Changes in world events, political, environmental and economic conditions, energy conservation, environmental policies, commodity price volatility, changes in exchange </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">rates, imposition of import controls, increased competition, depletion of resources and labor relations may adversely affect the companies engaged in the production and distribution of materials.</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">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">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 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 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 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="tm2426228d1pscmi002.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">9.43%</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">45.87%</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">-35.36%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0943 Best Quarter 2020-12-31 0.4587 Worst Quarter 2020-03-31 -0.3536 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:151.06pt"> <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: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:151.06pt"> <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">4/7/2010</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">19.75</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">14.36</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">6.65</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:151.06pt"> <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">19.51</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">14.05</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">6.39</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">11.85</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: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">11.48</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">5.29</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:151.06pt"> <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">S&amp;P SmallCap 600</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"> Capped Materials 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: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">20.06</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">14.58</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">6.89</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:151.06pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:151.06pt"> <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">S&amp;P SmallCap 600</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: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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 0.1975 0.1436 0.0665 0.1951 0.1405 0.0639 0.1185 0.1148 0.0529 (reflects no deduction for fees, expenses or taxes) 0.2006 0.1458 0.0689 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Quality ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Quality 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 86% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.86 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of approximately 120 securities in the S&amp;P SmallCap 600</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index that are of the highest quality, as determined by the Index Provider. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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; line-height:11pt"> </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Index, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 security in the S&amp;P SmallCap 600</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 receives a “quality score,” which is based on an average of the following three fundamental measures of a company: (1) return on equity (calculated as the company’s trailing 12-month earnings per share divided by the company’s latest book value per share); (2) accruals ratio (computed using the change of the company’s net operating assets over the last fiscal year divided by the company’s average total assets over the last two fiscal years); and (3) financial leverage ratio (calculated as the company’s latest total debt divided by the company’s book value). The Index Provider assesses the quality score of securities of companies in the financials or real estate sectors (according to the Global Industry Classification Standard (“GICS</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">”)) based only on the </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">return on equity and financial leverage ratio measures. The Index Provider selects approximately 120 securities with the highest average quality scores for inclusion in the Underlying Index. The Underlying Index weights each component security by the product of its quality score and its market capitalization, subject to security and sector constraints and optimization procedures. Stocks with higher scores receive relatively greater weights.</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 115 constituents with market capitalizations ranging from $510.7 million to $9.3 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; margin-left:15pt">The Fund intends to be “diversified,” as defined in the Investment </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of August 31, 2024.</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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies,</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">making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">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">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">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,</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">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</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">to economic conditions that</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">affect that</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">sector.</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">Financial services</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">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">Non-Diversification Risk.</span> To the extent the Fund becomes non-diversified, the Fund may invest a greater portion of its assets in securities of individual issuers than can a diversified fund. As a result, 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 <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">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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1xshqi002.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">9.58%</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, 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">25.50%</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">-25.29%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0958 Best Quarter 2020-12-31 0.255 Worst Quarter 2020-03-31 -0.2529 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">4/6/2017</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">23.92</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">11.33</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">9.04</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">23.52</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">10.89</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">8.65</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">14.36</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: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">8.91</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">7.14</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">S&amp;P SmallCap 600</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"> Quality 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: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">24.28</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">11.71</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: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">9.41</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> <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">S&amp;P Composite 1500</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 </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: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">25.47</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">15.39</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">12.67</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: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">S&amp;P SmallCap 600</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 </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: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">16.05</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">11.03</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">8.79</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 S&amp;P SmallCap 600</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"> Quality Index to the S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2017-04-06 0.2392 0.1133 0.0904 0.2352 0.1089 0.0865 0.1436 0.0891 0.0714 (reflects no deduction for fees, expenses or taxes) 0.2428 0.1171 0.0941 0.2547 0.1539 0.1267 0.1605 0.1103 0.0879 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Quality Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P SmallCap Utilities &amp; Communication Services ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P SmallCap 600</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"> Capped Utilities &amp; Communication Services 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">0.29</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: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">0.29</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> 0.0029 0 0.0029 <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">$30</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">$93</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">$163</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">$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 32% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.32 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 90% 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">S&amp;P Dow Jones Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the utilities and communication services sectors, as defined by the Global Industry Classification Standard (“GICS</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">”). The utilities companies are principally engaged in providing either energy, water, electric or natural gas utilities. These companies may include companies that generate and supply electricity, including electricity wholesalers; distribute natural gas to customers; and provide water to customers, as well as deal with associated wastewater. The communication services sector includes companies that facilitate communication or offer related content and information through various types of media and is comprised of companies from the following industries: diversified telecommunications services; wireless telecommunication services; media; entertainment; and interactive media and services. The Underlying Index selects constituents from the S&amp;P SmallCap 600</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, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market.</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 35</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 with market capitalizations ranging from $549.1 million to $6.5 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; 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 25% or more of the value of its total 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 utilities and communication services sectors. 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 25% or more of the value of its total 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 utilities and communication services sectors. 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">Small-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it more difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-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">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Communication Services 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"> The value of the securities of communication services companies are particularly vulnerable to rapid advancements in technology, the innovation of competitors, rapid product obsolescence, and government regulation and competition, both domestically and internationally. Additionally, fluctuating domestic and international demand, shifting demographics and often unpredictable changes in consumer tastes can drastically affect a communication services company’s profitability. While all companies may be susceptible to network security breaches, certain companies in the communication services sector may be particular targets of hacking and potential theft of proprietary or consumer information or disruptions in service, which could have a material adverse effect on their businesses.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Utilities Sector Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Companies in the utilities sector are subject to a variety of factors that may adversely affect their business or operations, including high interest costs associated with capital construction and improvement programs; difficulty in raising adequate capital in periods of high inflation and unsettled capital markets; governmental regulation of rates the utility company can charge to customers; costs associated with compliance with environmental and other regulations; effects of economic slowdowns and surplus capacity; and 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">Certain utility companies have experienced full or partial deregulation in recent years. Deregulation may subject utility companies to greater competition and may adversely affect their profitability.</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">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">deregulation may eliminate restrictions on the profits of certain utility companies, but may also subject these companies to greater risk of loss.</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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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 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="tm2426228d1pscui002.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">12.37%</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">20.54%</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">December 31, 2018</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">-14.17%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1237 Best Quarter 2020-12-31 0.2054 Worst Quarter 2018-12-31 -0.1417 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:151.06pt"> <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: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:151.06pt"> <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">4/7/2010</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">2.21</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: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">3.94</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">7.28</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:151.06pt"> <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">1.79</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">3.44</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">6.59</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">1.56</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">3.04</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">5.79</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:151.06pt"> <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">S&amp;P SmallCap 600</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"> Capped Utilities &amp; </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">Communication Services 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: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">2.50</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">4.24</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">7.54</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:151.06pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:151.06pt"> <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">S&amp;P SmallCap 600</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: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">16.05</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">11.03</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">8.66</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 S&amp;P SmallCap 600</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2010-04-07 0.0221 0.0394 0.0728 0.0179 0.0344 0.0659 0.0156 0.0304 0.0579 (reflects no deduction for fees, expenses or taxes) 0.025 0.0424 0.0754 0.2547 0.1539 0.1176 0.1605 0.1103 0.0866 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&amp;P Ultra Dividend Revenue ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&amp;P 900</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"> Dividend Revenue-Weighted 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 101% of the average value of its portfolio.</span></div> Portfolio Turnover. 1.01 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 90% 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">S&amp;P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains, and calculates the Underlying Index, which is designed to measure the performance of positive revenue-producing constituent securities of the S&amp;P 900</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”). The Parent Index is comprised of common stocks of approximately 900 mid- and large-capitalization companies, and is created by combining the S&amp;P 500</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 and S&amp;P MidCap 400</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 to form an investable benchmark for the large- and mid-cap segments of the U.S. equity market. From a universe of components of the Parent Index, the Underlying Index (1) excludes securities that do not currently pay a dividend and (2) excludes securities whose revenues over the last 12 months are unavailable, zero, or negative. Of the remaining eligible securities, the Underlying Index excludes the top 5% of securities by the average 12-month trailing dividend yield from the previous four quarters, including the most recent quarter, and the top 5% of securities within each sector, as classified by the Global Industry Classification Standard (“GICS</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">”), by the last 12-month dividend payout ratio, which is calculated as its dividend per share divided by the basic earnings per share. The top 60 remaining securities with the highest dividend yield 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">Unlike the Parent Index, which weights component securities by </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">float-adjusted market capitalization, thereby giving higher percentage allocations to companies with larger market capitalizations, the Underlying Index uses a “revenue-weighted” methodology, whereby it weights each constituent security based on the sum of the company’s revenues for the trailing four quarters, divided by the total revenue of all Underlying Index constituents, subject to a maximum 5% per company weighting. Any excess weight is proportionally redistributed to all uncapped 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 60</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 $2 billion to $272.2 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 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; 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. 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">Dividend Paying Security Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends. Also, changes in the dividend policies of the companies in which the Fund invests and the capital resources available for such companies’ dividend payments may adversely affect the Fund.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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 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">Oppenheimer S&amp;P Ultra Dividend Revenue 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="tm2426228d1rdivi002.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">17.94%</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">28.84%</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">-40.41%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1794 Best Quarter 2020-12-31 0.2884 Worst Quarter 2020-03-31 -0.4041 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:149.97pt"> <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: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:149.97pt"> <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">9/30/2013</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">4.53</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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 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">9.76</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:149.97pt"> <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">3.44</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">8.84</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">8.65</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">3.26</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">7.66</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">7.69</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:149.97pt"> <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">S&amp;P 900</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"> Dividend Revenue-Weighted 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:39.07pt"> <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">4.92</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">10.29</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">10.28</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:149.97pt"> <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">S&amp;P Composite 1500</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 </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">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">25.47</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">15.39</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">11.76</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:149.97pt"> <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">S&amp;P 900</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><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">25.70</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">15.50</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">11.85</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 S&amp;P 900</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 S&amp;P Composite 1500</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 S&amp;P Composite 1500</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> 2013-09-30 0.0453 0.0997 0.0976 0.0344 0.0884 0.0865 0.0326 0.0766 0.0769 (reflects no deduction for fees, expenses or taxes) 0.0492 0.1029 0.1028 0.2547 0.1539 0.1176 0.257 0.155 0.1185 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 900® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® Index can be considered more broadly representative of the overall applicable securities market. <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 Solar ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy 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:254.57pt"> <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">Management Fees</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:15.43pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:13.43pt"> <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 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:254.57pt"> <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">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:15.43pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:13.43pt"> <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">0.21</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:254.57pt"> <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">Total Annual Fund Operating Expenses</span></div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:15.43pt"> <div style="line-height:9pt; margin-left:2pt; text-align:right; width:13.43pt"> <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">0.71</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) 0.005 0.0021 0.0071 “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">$73</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">$227</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">$395</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">$882</span></div> </div> </td> </tr> </table> </div> 73 227 395 882 <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 43% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.43 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 will generally invest at least 90% 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">MAC Indexing, LLC (the “Index Provider”), has contracted with S&amp;P DJI Netherlands B.V. (a subsidiary of S&amp;P Dow Jones Indices LLC or “S&amp;P DJI”) to calculate and administer the Underlying Index, which seeks to track the performance of companies in global solar energy businesses. S&amp;P DJI seeks to determine the universe of companies that are eligible for inclusion in the Underlying Index based on factors such as a company’s business description and its most recent reported revenue. The Underlying Index includes companies listed on exchanges in specified countries that derive at least one-third of their total revenues from business activities in the solar industry. Examples of solar business activities include, but are not limited to: (1) solar power equipment producers, including ancillary or enabling products such as tracking systems, inverters, batteries, or other solar energy storage systems; (2) suppliers of raw materials, components, or services to solar producers or developers; (3) companies that produce solar equipment fabrication systems; (4) companies involved in solar power system installation, development, integration, maintenance, or finance; (5) companies that produce hydrogen using solar energy; (6) companies that provide solar-powered charging systems for electric vehicles or other </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">electrical devices; (7) companies selling systems that use solar thermal energy to produce heat or electricity; and (8) companies that sell electricity derived from solar power.</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 order to be eligible for inclusion in the Underlying Index, stocks must </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">be listed on a primary exchange in one of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, or the United States. Stocks must also meet certain liquidity requirements and adhere to certain environmental, social, and governance (“ESG”) screens relating to a company's governance or its business activities or involvement, as determined by the Underlying Index methodology.</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 approximately 35 constituents, with market capitalizations that ranged from approximately $291.9 million to approximately $20.8 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; 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. As of August 31, 2024, the Fund had significant exposure to the information technology sector and the solar and semiconductors industries. 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 and the solar and semiconductors industries. 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">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">. In following its methodology, the Underlying Index will be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. As a result, the Fund will also concentrate its investments in such industries or industry groups to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund faces 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: </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Solar Industry Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The value of stocks that comprise the energy sector and the prices of energy may decline. The alternative energy industry can be significantly affected by obsolescence of existing technology, short product lifecycles, falling prices and profits, competition from new market entrants and general economic conditions. This industry can also be significantly affected by fluctuations in energy prices and supply and demand of alternative energy fuels, energy conservation, the success of exploration projects, tax incentives, subsidies and other government regulations and policies. Companies in this industry may be adversely affected by commodity price volatility, changes in exchange rates, imposition of import controls, availability of certain inputs and materials required for production, depletion of resources, technological developments and labor relations. Recently, the price of oil has declined significantly and experienced significant volatility, which may materially impact companies operating in the solar energy sector. Shares of companies involved in the solar energy sector have historically been more volatile than shares of companies operating in more established industries.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Semiconductors Industry Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund will be sensitive to, and its performance may depend to a greater extent on, the overall condition of the semiconductors industry. Competitive pressures, intense competition, aggressive pricing, technological developments, changing demand, research and development costs, availability and price of components and product obsolescence can significantly affect companies operating in the semiconductors industry. Global events, such as widespread epidemics or pandemics, may impair the manufacturing output of semiconductor equipment and may disrupt supply chains for industries that rely on such equipment. Semiconductor companies are vulnerable to wide fluctuations in securities prices due to such global circumstances and may be negatively impacted as a result.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Micro-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investments in the securities of micro-capitalization companies involve substantially greater risks of loss and price fluctuations than other securities with larger capitalizations. Micro-capitalization companies carry additional risks because their earnings and revenues tend to be less predictable (and some companies may be experience significant losses), their share prices tend to be more volatile and their markets less liquid than companies with larger market capitalizations. Micro-capitalization companies may be newly formed or in the early stages of development, with limited product lines, markets or financial resources, and they may lack management depth or may be overly reliant on specific key individuals. In addition, less public information may be available about these companies. The shares of micro-capitalization companies tend to trade less frequently than those of larger, more established companies, which can adversely affect the pricing of these securities and the future ability to sell these securities.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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; margin-left:15pt">China Investment 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">Investments in companies located or operating in Greater China (normally considered to be the geographical area that includes mainland China, Hong Kong, Macau and Taiwan) involve risks and considerations not typically associated with investments in the U.S. and other Western nations, such as greater government control over the economy; political, legal and regulatory uncertainty; nationalization, expropriation, or confiscation of property; lack of willingness or ability of the Chinese government to support the economies and markets of the Greater China region; lack of publicly available information and difficulty in obtaining information necessary for investigations into and/or litigation against Chinese companies, as well as in obtaining and/or enforcing judgments; limited legal remedies for shareholders; alteration or discontinuation of economic reforms; military conflicts and the risk of war, either internal or with other countries; public health emergencies resulting in market closures, travel restrictions, quarantines or other interventions; inflation, currency fluctuations and fluctuations in inflation and interest rates that may have negative effects on the economy and securities markets of Greater China; and Greater China’s dependency on the economies of other Asian countries, many of which are developing countries. Events in any one country within Greater China may impact the other countries in the region or Greater China as a whole. Export growth continues to be a major driver of China’s rapid economic growth. As a result, a reduction in spending on Chinese products and services, the institution of additional tariffs,</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">sanctions, capital controls, embargoes, trade wars, or other trade barriers (or the threat thereof), including as a result of trade tensions between China and the United States, or a downturn in any of the economies of China’s key trading partners may have an adverse </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">impact on the Chinese economy. In addition, actions by the U.S. government, such as delisting of certain Chinese companies from U.S. securities exchanges or otherwise restricting their operations in the U.S., may negatively impact the value of such securities held by the Fund. Further, health events</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 cause uncertainty and volatility in the Chinese economy, especially in the consumer discretionary (leisure, retail, gaming, tourism), industrials, and commodities sectors. Additionally, any difficulties of the Public Company Accounting Oversight Board (“PCAOB”) to inspect audit work papers and practices of PCAOB-registered accounting firms in China with respect to their audit work of U.S. reporting companies may impose significant additional risks associated with investments in China.</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">Investments in Chinese companies may be made through a special </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">structure known as a variable interest entity (“VIE”) that is designed to provide foreign investors, such as the Fund, with exposure to Chinese companies that operate in certain sectors in which China restricts or prohibits foreign investments. Investments in VIEs may pose additional risks because the investment is made through an intermediary shell company that has entered into service and other contracts with the underlying Chinese operating company in order to provide investors with exposure to the operating company, but does not represent equity ownership in the operating company. The value of the shell company is derived from its ability to consolidate the VIE into its financials pursuant to contractual arrangements that allow the shell company to exert a degree of control over, and obtain economic benefits arising from, the VIE without formal legal ownership. The contractual arrangements between the shell company and the operating company may not be as effective in providing operational control as direct equity ownership, and a foreign investor’s (such as the Fund’s) rights may be limited, including by actions of the Chinese government which could determine that the underlying contractual arrangements are invalid. While VIEs are a longstanding industry practice and are well known by Chinese officials and regulators, the structure historically has not been formally recognized under Chinese law.</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">However, effective March 31, 2023, the China Securities Regulatory Commission (“CSRC”)</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">released new rules and implementing guidelines that permit the use of VIE structures,</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">provided they abide by Chinese laws and register with the CSRC. The rules, however, may cause Chinese companies to undergo greater scrutiny and may make the process to create VIEs more difficult and costly. Further, while the rules and implementing guidelines do not prohibit the use of VIE structures, this does not serve as a formal endorsement by the Chinese government. There is a risk that the Chinese government may cease to tolerate VIEs at any time, and any guidance or further rulemaking prohibiting or restricting these structures by the Chinese government, generally or with respect to specific industries, would likely cause impacted VIE-structured holding(s) to suffer significant, detrimental, and possibly permanent losses, and in turn, adversely affect the Fund’s returns and net asset value. The future of the VIE structure generally and with respect to certain industries remains uncertain.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Emerging Markets Investment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investments in the securities of issuers in emerging market countries involve risks often not associated with investments in the securities of issuers in developed countries. Securities in emerging markets may be subject to greater price fluctuations than securities in more developed markets. Companies in emerging market countries generally may be subject to less stringent regulatory, disclosure, financial reporting, accounting, auditing and recordkeeping standards than companies in more developed countries. In addition, information about such companies may be less available and reliable. Emerging markets usually are subject to greater market volatility, political, social and economic instability, uncertainty regarding the existence of trading markets and more governmental limitations on foreign investment than are more developed markets. Securities law in many emerging market countries is relatively new and unsettled. Therefore, laws regarding foreign investment in emerging </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">market securities, securities regulation, title to securities, and shareholder rights may change quickly and unpredictably, and the ability to bring and enforce actions, or to obtain information needed to pursue or enforce such actions, may be limited. In addition, the enforcement of systems of taxation at federal, regional and local levels in emerging market countries may be inconsistent and subject to sudden change. Investments in emerging market securities may be subject to additional transaction costs, delays in settlement procedures, unexpected market closures, and lack of timely information. In addition, lack of relevant data and reliable public information, including financial information, about securities in emerging markets may contribute to incorrect weightings and data and computational errors when the Index Provider selects securities for inclusion in the Underlying Index or rebalances the Underlying Index.</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,</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">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. 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">ESG Investing Strategy 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 stocks of companies with favorable ESG attributes may underperform the stock market as a whole. As a result, the Fund may underperform other funds that do not screen companies based on ESG attributes. The criteria used to select companies for investment may result in the Fund investing in securities, industries or sectors that underperform the market as a whole or underperform other funds screened for ESG standards.</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">ADR and GDR Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> ADRs are certificates that evidence ownership of shares of a foreign issuer and are alternatives to purchasing the underlying foreign securities directly in their national markets and currencies. GDRs are certificates issued by an international bank that generally are traded and denominated in the currencies of countries other than the home country of the issuer of the underlying shares. ADRs and GDRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities. Moreover, ADRs and GDRs may </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">not track the price of the underlying foreign securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.</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. 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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 Solar 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 ended 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="tm2426228d1tani002.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">-18.89%</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">September 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">78.63%</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">September 30, 2015</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">-32.68%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 -0.1889 Best Quarter 2020-09-30 0.7863 Worst Quarter 2015-09-30 -0.3268 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:147.31pt"> <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:30.68pt"> <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:147.31pt"> <div style="line-height:9pt; text-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">4/15/2008</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:30.68pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">-26.85</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: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">23.59</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">5.45</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:147.31pt"> <div style="line-height:9pt; text-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:30.68pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">-26.86</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">23.55</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">4.95</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:147.31pt"> <div style="line-height:9pt; text-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:39.07pt"> <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:30.68pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">-15.88</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: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">19.46</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">4.03</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:35.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:147.31pt"> <div style="line-height:9pt; text-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">MAC Global Solar Energy Index (Net) (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">reinvested dividends net of withholdings taxes, but </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 deductions for fees, expenses or other </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:30.68pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">-26.37</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">23.70</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">3.87</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:147.31pt"> <div style="line-height:9pt; text-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 ACWI (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 </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 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:39.07pt"> <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:30.68pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">22.20</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">11.72</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">7.93</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:147.31pt"> <div style="line-height:9pt; text-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 World Growth 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:39.07pt"> <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:30.68pt"> <div style="line-height:9pt; margin-left:5pt; margin-right:5pt; text-align:right; width:20.68pt"> <div style="display:flex; margin:auto; width:21.93pt"> <div style="display:flex; white-space:nowrap; width:21.93pt"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:21.93pt">37.00</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">16.02</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">10.94</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 MSCI World Growth Index (Net) to the MSCI ACWI (Net) to reflect that the MSCI ACWI (Net) can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2008-04-15 -0.2685 0.2359 0.0545 -0.2686 0.2355 0.0495 -0.1588 0.1946 0.0403 (reflects reinvested dividends net of withholdings taxes, but reflects no deductions for fees, expenses or other taxes) -0.2637 0.237 0.0387 0.222 0.1172 0.0793 0.37 0.1602 0.1094 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the MSCI World Growth Index (Net) to the MSCI ACWI (Net) to reflect that the MSCI ACWI (Net) 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 California AMT-Free Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE BofA California Long-Term Core Plus Municipal Securities 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">0.28</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.28</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) 0.0028 0 0.0028 <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; 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">$29</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">$90</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">$157</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">$355</span></div> </div> </td> </tr> </table> </div> 29 90 157 355 <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 4% 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 components of 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, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by California or any U.S. territory and their political subdivisions, in the U.S. domestic market. Such securities are exempt from the federal alternative minimum tax (“AMT”).</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">To be eligible for inclusion in the Underlying Index, such securities must have a term of at least 15 years remaining to final maturity, a fixed coupon schedule, a minimum amount outstanding of $25 million per maturity and must be</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">considered investment grade based on an average of ratings by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), Moody’s Investors Service, Inc. (“Moody’s”) and Fitch Ratings Inc. (“Fitch”).</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 1,161</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 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 25% or more of the value of its total 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 25% or more of the value of its total 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">California Municipal Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Because the Fund invests a substantial portion of its assets in California municipal securities, the Fund will have greater exposure to negative political, economic and regulatory factors within the State of California than certain funds that invest in a broader base of securities. Unfavorable developments in any economic sector may have a substantial impact on the overall California municipal market. Economic, fiscal and budgetary conditions throughout the State may influence the Fund's performance. These factors heighten the risk that the prices of California municipal securities, and the Fund's market price, will experience greater volatility.</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">Municipal Insurance Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> A portion of the municipal securities that the Fund holds may be covered by insurance that guarantees the bond's scheduled payment of interest and repayment of principal. Municipal security insurance does not insure against market fluctuations or fluctuations in the Fund's share price. In addition, a municipal security insurance policy will not cover: (i) repayment of a municipal security before maturity (redemption), (ii) prepayment or payment of an acceleration premium (except for a mandatory sinking fund redemption) or any other </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">provision of a bond indenture that advances the maturity of the bond, or (iii) nonpayment of principal or interest caused by negligence or bankruptcy of the paying agent. A mandatory sinking fund redemption may be a provision of a municipal security issue whereby part of the municipal security issue may be retired before maturity.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">State-Specific and U.S. Territories' Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund will be less diversified geographically than a fund investing across many states and therefore has greater exposure to adverse economic and political changes in California.</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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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 methodology may cause the Fund to not 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 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 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="tm2426228d1pwzi002.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">2.47%</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">8.67%</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">-7.12%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0247 Best Quarter 2023-12-31 0.0867 Worst Quarter 2022-03-31 -0.0712 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:148.73pt"> <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: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: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:148.73pt"> <div style="line-height:9pt; text-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">10/11/2007</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">6.97</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: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">2.01</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: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">3.54</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:148.73pt"> <div style="line-height:9pt; text-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: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">6.96</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">1.40</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: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">3.11</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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: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">5.33</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">1.53</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: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">2.98</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:148.73pt"> <div style="line-height:9pt; text-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">ICE BofA California Long-Term Core Plus Municipal </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">Securities 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><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: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">7.80</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">2.41</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: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">3.84</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:148.73pt"> <div style="line-height:9pt; text-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 - ICE BofA California Long-Term Core Plus </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">Municipal Securities Index (reflects no deduction </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">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">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: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">7.80</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">2.41</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: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">3.81</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:148.73pt"> <div style="line-height:9pt; text-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 </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">3</span> <div style="clear:right"> </div> </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: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">6.40</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:23.97pt"> <div style="line-height:9pt; margin-left: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">3.03</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> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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 20 Year 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">3</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: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">7.78</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">2.68</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: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">3.88</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 July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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-ICE BofA California Long-Term Core Plus Municipal Securities Index reflects the performance of the Fund’s prior underlying index, The BofA Merrill Lynch California Insured Long-Term Core Plus Municipal Securities Index, for the period prior to July 8, 2014, and the Underlying Index thereafter.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">3</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 Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2007-10-11 0.0697 0.0201 0.0354 0.0696 0.014 0.0311 0.0533 0.0153 0.0298 (reflects no deduction for fees, expenses or taxes) 0.078 0.0241 0.0384 0.078 0.0241 0.0381 0.064 0.0225 0.0303 0.0778 0.0268 0.0388 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal 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 CEF Income Composite ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S-Network Composite Closed-End Fund Index</span><span style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt">SM</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> (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">0.50</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 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">2.57</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">3.07</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. 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) 0.005 0 0.0257 0.0307 <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">$310</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">$948</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">$1,611</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">$3,383</span></div> </div> </td> </tr> </table> </div> 310 948 1611 3383 <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 24% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.24 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 90% of its total assets in the components of 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">The Fund is a “fund of funds,” meaning that it invests its assets in the </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">common shares of funds included in the Underlying Index rather than in individual securities (each, an “Underlying Fund” and collectively, the “Underlying Funds”). S-Network Global Indexes, Inc. (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the overall performance of a universe of U.S.-listed closed-end funds that are organized under the laws of the United States and are principally engaged in asset management processes designed to produce taxable annual yield. Each Underlying Fund must have a stated objective to invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities or taxable options. The Underlying Index may include closed-end funds that are advised by an affiliate of Invesco Capital Management LLC (the “Adviser”).</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 111 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 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 each Underlying Fund 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 25% or more of the value of its total 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 25% or more of the value of its total 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">Risks of Investing in Closed-End Funds.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The shares of closed-end investment companies may trade at a discount or premium to, or at, their NAV. The securities of closed-end investment companies in which an Underlying Fund may invest may be leveraged. As a result, the Underlying Fund, and consequently the Fund, may be exposed indirectly to leverage through an investment in such securities. An investment in securities of closed-end investment companies that use leverage may expose the Fund to higher volatility in the market value of such securities and the possibility that the Fund's long-term returns on such securities (and, indirectly, the long-term returns of its shares) will be diminished.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Fund of Funds Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Because it invests primarily in other funds, the Fund's investment performance largely depends on the investment performance of the Underlying Funds. An investment in the Fund is subject to the risks associated with the Underlying Funds. In addition, at times, certain of the segments of the market represented by Underlying Funds in which the Fund invests may be out of favor and underperform other segments. The Fund will indirectly pay a proportional share of the expenses of the Underlying Funds in which it invests (including operating expenses and management fees), in addition to the fees and expenses it already will pay to the Adviser.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">Anti-Takeover Provisions Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The organizational documents of certain of the Underlying Funds include provisions that could limit the ability of other entities or persons to acquire control of the Underlying Fund or to change the composition of its board, which could limit the ability of shareholders to sell their shares at a premium over prevailing market prices by discouraging a third party from seeking to obtain control of the Underlying Fund.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Commodity Pool Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Certain investments by the Underlying Funds in which the Fund invests may cause the Fund to be deemed to be a commodity pool, thereby subjecting the Fund to regulation under the Commodity Exchange Act and CFTC rules. The Adviser is registered as a Commodity Pool Operator (“CPO”), and the Fund will be operated in accordance with CFTC rules. Registration as a CPO subjects the Adviser to additional laws, regulations and enforcement policies, all of which could increase compliance costs and may affect the operations and financial performance of the Fund. Registration as a commodity pool may have negative effects on the ability of the Fund to engage in its planned investment program.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Counterparty 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">To the extent that the Fund or an Underlying Fund engages in derivative transactions, it will be subject to credit risk with respect to the counterparties. The Fund or an Underlying Fund may obtain only a limited or no recovery or may experience significant delays in obtaining recovery under derivative contracts if a counterparty experiences financial difficulties and becomes bankrupt or otherwise fails to perform its obligations under a derivative contract.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Derivatives 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">Derivatives may pose risks in addition to and greater than those associated with investing directly in securities, currencies or other investments, including risks relating to leverage, imperfect </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">correlations with underlying investments or the Fund’s other portfolio holdings, high price volatility, lack of availability, counterparty credit, liquidity, valuation and legal restrictions. Their use is a highly specialized activity that involves investment techniques and risks different from those associated with ordinary portfolio securities transactions. Derivatives may be used to create synthetic exposure to an underlying asset or to seek to hedge a portfolio risk. If the Fund uses derivatives to seek to “hedge” a portfolio risk, the change in value of a derivative may not correlate as expected with the underlying asset being hedged, and it is possible that the hedge therefore may not succeed. If the Adviser is incorrect about its expectations of market conditions, the use of derivatives could also result in a loss, which in some cases may be unlimited. Some of the derivatives in which the Fund invests are traded (and privately negotiated) in the over-the-counter (“OTC”) market. OTC derivatives are subject to heightened credit, liquidity and valuation risks. Certain risks also are specific to the derivatives in which the Fund invests.</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">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"> An Underlying Fund 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 Funds concentrate in the securities of issuers in a particular industry or industry group, the Fund will also concentrate its investments to approximately the same extent on a pro rata basis. 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">Leverage 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">Leverage may result from ordinary borrowings, or may be inherent in the structure of certain investments of an Underlying Fund, and consequently the Fund, such as derivatives. If the prices of those investments decrease, or if the cost of borrowing exceeds any increase in the prices of those investments, the NAV of the Fund's shares will decrease faster than if the Fund had not used leverage. To repay borrowings, the Fund may have to sell investments at a time and at a price that is unfavorable to the Fund. Interest on borrowings is an expense the Fund would not otherwise incur. Leverage magnifies the potential for gain and the risk of loss. If the Fund uses leverage, there can be no assurance that the Fund's leverage strategy will be successful.</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">Mortgage-Backed and Asset-Backed Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund may invest in mortgage- and asset-backed securities, which are subject to call (prepayment) risk, reinvestment risk and extension risk. In addition, these securities are susceptible to an unexpectedly high rate of defaults on the mortgages held by a mortgage pool, which may adversely affect their value. The risk of such defaults depends on the quality of the mortgages underlying such security, the credit quality of its issuer or guarantor, and the nature and structure of its credit support. For example, the risk of default generally is higher in the case of mortgage pools that include subprime mortgages, which are loans made to borrowers with weakened credit histories or with lower capacity to make timely mortgage payments.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Options 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">A decision as to whether, when and how to use options involves the exercise of skill and judgment, and even a well-conceived transaction may be unsuccessful to some degree because of market behavior or unexpected events. Because the exercise of an index option is settled in cash, sellers of index call options cannot provide in advance for their potential settlement obligations by acquiring and holding the underlying securities. The Fund will lose money if it is required to pay the purchaser of an index option the difference between the cash value of the index on which the option was written and the exercise price and such difference is greater than the premium received by the Fund writing the option.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Senior Loans 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">Investments in senior loans typically are below investment grade and are considered speculative because of the credit risk of their issuers. Such companies are more likely to default on their payments of interest and principal owed, and such defaults could reduce the Fund’s NAV and income distributions. In addition, the Fund may have to sell securities at lower prices than it otherwise would to meet cash needs or it may have to maintain a greater portion of its assets in cash equivalents than it otherwise would because of impairments and limited liquidity of the collateral supporting a senior loan, which could negatively affect 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">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">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, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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, as well as a proportionate amount of the operating expenses of the Underlying Funds in which it invests. The Fund also incurs costs in buying and selling shares of Underlying Funds, especially when rebalancing the Fund's 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">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. 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="tm2426228d1pcefi002.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">17.20%</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">15.83%</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">-22.97%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.172 Best Quarter 2020-06-30 0.1583 Worst Quarter 2020-03-31 -0.2297 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:149.97pt"> <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: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:149.97pt"> <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">2/19/2010</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">9.48</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">6.00</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">5.10</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:10.25pt"> <td style=" vertical-align:Bottom; width:149.97pt"> <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">5.81</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">2.77</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">2.17</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">5.69</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">3.32</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">2.70</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:149.97pt"> <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">S-Network Composite Closed-End Fund 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:39.07pt"> <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">9.61</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">6.15</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">5.41</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:149.97pt"> <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">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: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">26.29</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: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> 2010-02-19 0.0948 0.06 0.051 0.0581 0.0277 0.0217 0.0569 0.0332 0.027 (reflects no deduction for fees, expenses or taxes) 0.0961 0.0615 0.0541 0.2629 0.1569 0.1203 <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 Floating Rate Municipal Income ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE US Municipal AMT-Free VRDO Constrained 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">0.25</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.25</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) 0.0025 0 0.0025 <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">$26</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">$80</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">$141</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">$318</span></div> </div> </td> </tr> </table> </div> 26 80 141 318 <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 did not have a portfolio turnover rate, since the Fund invested only in securities that are excluded from portfolio turnover rate calculations.</span></div> Portfolio Turnover. 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 components of 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, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (the “Index Provider”) compiles and calculates the Underlying Index, which is designed to track the performance of U.S. dollar denominated tax-exempt variable rate demand obligations (“VRDOs”) that are publicly issued by U.S. states and territories, and their political subdivisions, and that have interest rates that reset daily, weekly or monthly. Securities eligible for the Underlying Index must have at least one day remaining term to final maturity, at least $10 million amount outstanding, and an investment grade rating (based on an average of ratings from Moody’s Investors Service, Inc. (“Moody’s”), S&amp;P Global Ratings (“S&amp;P”) and Fitch Ratings, Inc. (“Fitch”)). Securities whose interest is subject to the U.S. alternative minimum tax (“AMT”) are excluded 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 962 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 25% or more of the value of its total assets) in securities of issuers in </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 25% or more of the value of its total 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">Variable Rate Demand Obligations Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> There may not be an active secondary market with respect to particular variable rate instruments in which the Fund invests, which could make disposing of a variable rate instrument difficult during periods that the Fund is not entitled to exercise its demand rights or if the issuer and/or the remarketing agent defaulted on its payment obligation. This could cause the Fund to suffer a loss with respect to such instruments.</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">Municipal Insurance Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> A portion of the municipal securities that the Fund holds may be covered by insurance that guarantees the bond's scheduled payment of interest and repayment of principal. Municipal security insurance does not insure against market fluctuations or fluctuations in the Fund's share price. In addition, a municipal security insurance policy will not cover: (i) repayment of a municipal security before maturity (redemption), (ii) prepayment or payment of an acceleration premium (except for a mandatory sinking fund redemption) or any other provision of a bond indenture that advances the maturity of the bond, or (iii) nonpayment of principal or interest caused by negligence or bankruptcy of the paying agent. A mandatory sinking fund redemption may be a provision of a municipal security issue whereby part of the municipal security issue may be retired before maturity.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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">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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1pvii002.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">2.15%</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">September 30, 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">0.76%</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">December 31, 2021</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">-0.08%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0215 Best Quarter 2023-09-30 0.0076 Worst Quarter 2021-12-31 -0.0008 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:148.73pt"> <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: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: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:148.73pt"> <div style="line-height:9pt; text-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">11/15/2007</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">2.82</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">0.98</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:23.97pt"> <div style="line-height:9pt; margin-left: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">0.65</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:148.73pt"> <div style="line-height:9pt; text-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: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">2.82</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">0.84</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: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> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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: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">3.05</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">0.86</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: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">0.55</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:148.73pt"> <div style="line-height:9pt; text-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">ICE US Municipal AMT-Free VRDO Constrained </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 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: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: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">3.17</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-4; 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">—</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-5; line-height:9pt; margin-left: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">—</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:148.73pt"> <div style="line-height:9pt; text-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 - ICE US Municipal AMT-Free VRDO </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">Constrained 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><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: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">3.17</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">1.23</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: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">0.88</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:148.73pt"> <div style="line-height:9pt; text-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 </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">3</span> <div style="clear:right"> </div> </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: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">6.40</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:23.97pt"> <div style="line-height:9pt; margin-left: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">3.03</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> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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 1-Year 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">3</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: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">3.39</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">1.34</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: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="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 July 30, 2019, performance for the Underlying Index is not available.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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 - ICE US Municipal AMT-Free VRDO Constrained Index reflects the performance of the Bloomberg U.S. Municipal AMT-Free Weekly VRDO Index, the previous</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">underlying index, through March 24, 2021, and the Underlying Index thereafter.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">3</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 Municipal 1-Year Bond Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2007-11-15 0.0282 0.0098 0.0065 0.0282 0.0084 0.0053 0.0305 0.0086 0.0055 (reflects no deduction for fees, expenses or taxes) 0.0317 0.0317 0.0123 0.0088 0.064 0.0225 0.0303 0.0339 0.0134 0.0109 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg Municipal 1-Year Bond Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal 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 Fundamental High Yield</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"> Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the RAFI</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"> Bonds U.S. High Yield 1-10 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">0.50</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">0.50</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) 0.005 0 0.005 <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; 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">$51</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">$160</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">$280</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">$629</span></div> </div> </td> </tr> </table> </div> 51 160 280 629 <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 components 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">Research Affiliates, LLC (“RA” or the “Index Provider”) or its agent compiles and calculates the Underlying Index, which is designed to measure the performance of U.S. dollar-denominated, high yield corporate bonds that are SEC-registered securities, Section 3(a)(2) securities under the Securities Act of 1933 (“Securities Act”), or Rule 144A securities under the Securities Act and whose issuers are public companies domiciled in the United States. The Underlying Index selects and weights securities based on the Fundamental Index</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"> approach developed by RA that uses four fundamental factors of company size: book value of assets, gross sales, gross dividends and cash flow. Only non-convertible, non-exchangeable, non-zero, non-sinkable, fixed coupon high-yield corporate bonds qualify 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 267 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 25% or more of the value of its total assets) in securities of issuers in </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 25% or more of the value of its total 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">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">Rule 144A Securities and Other Exempt 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 market for Rule 144A and other securities exempt from certain registration requirements typically is less active than the market for publicly-traded securities. Rule 144A and other exempt securities, which are also known as privately issued securities, carry the risk that their liquidity may become impaired and the Fund may be unable to dispose of the securities at a desirable time or price.</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">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">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 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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="tm2426228d1phbi002.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">6.49%</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">9.28%</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">-11.98%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0649 Best Quarter 2020-06-30 0.0928 Worst Quarter 2020-03-31 -0.1198 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">11/15/2007</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">11.46</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: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">4.56</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: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">3.67</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">9.26</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: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">2.87</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: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: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">6.70</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">2.77</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: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: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">RAFI</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"> Bonds U.S. High Yield 1-10 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: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">11.80</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> </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: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">4.50</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 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: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">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:23.97pt"> <div style="line-height:9pt; margin-left: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">1.81</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 U.S. Corporate High Yield 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> </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">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:23.97pt"> <div style="line-height:9pt; margin-left: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">4.60</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> 2007-11-15 0.1146 0.0456 0.0367 0.0926 0.0287 0.0187 0.067 0.0277 0.0199 (reflects no deduction for fees, expenses or taxes) 0.118 0.0529 0.045 0.0553 0.011 0.0181 0.1344 0.0537 0.046 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; 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 Fundamental Investment Grade Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the RAFI</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"> Bonds U.S. Investment Grade 1-10 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">0.22</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">0.22</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) 0.0022 0 0.0022 <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; 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">$23</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">$71</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">$124</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">$281</span></div> </div> </td> </tr> </table> </div> 23 71 124 281 <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 23% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.23 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 components 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">Research Affiliates, LLC (“RA” or the “Index Provider”) or its agent compiles and calculates the Underlying Index, which is designed to measure the performance of U.S. dollar-denominated, investment grade corporate bonds that are SEC-registered securities, Section 3(a)(2) securities under the Securities Act of 1933 (“Securities Act”), or Rule 144A securities under the Securities Act and whose issuers are public companies domiciled in the United States. The Underlying Index selects and weights securities based on the Fundamental Index</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"> approach developed by RA that uses four fundamental factors of company size: book value of assets, gross sales, gross dividends and cash flow. Only non-convertible, non-exchangeable, non-zero, non-sinkable, fixed coupon investment grade corporate bonds qualify 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">As of October 31, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">2024, the Underlying Index was comprised of 780 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 </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">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">Rule 144A Securities and Other Exempt 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 market for Rule 144A and other securities exempt from certain registration requirements typically is less active than the market for publicly-traded </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">securities. Rule 144A and other exempt securities, which are also known as privately issued securities, carry the risk that their liquidity may become impaired and the Fund may be unable to dispose of the securities at a desirable time or price.</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">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 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 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 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 </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1pfigi002.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">5.16%</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">7.46%</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">-5.36%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0516 Best Quarter 2020-06-30 0.0746 Worst Quarter 2022-03-31 -0.0536 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:152.57pt"> <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: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:152.57pt"> <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">9/15/2011</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">6.73</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: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 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: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">2.35</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:152.57pt"> <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">5.16</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">1.05</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: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">1.18</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:152.57pt"> <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 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:39.07pt"> <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">3.95</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">1.26</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: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: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:152.57pt"> <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">RAFI</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"> Bonds U.S. Investment Grade 1-10 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:39.07pt"> <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">6.77</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">2.51</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: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">2.61</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:152.57pt"> <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 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:39.07pt"> <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:23.97pt"> <div style="line-height:9pt; margin-left: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">1.81</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:152.57pt"> <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:23.97pt"> <div style="line-height:9pt; margin-left: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">2.95</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> 2011-09-15 0.0673 0.0227 0.0235 0.0516 0.0105 0.0118 0.0395 0.0126 0.013 (reflects no deduction for fees, expenses or taxes) 0.0677 0.0251 0.0261 0.0553 0.011 0.0181 0.0852 0.0263 0.0295 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 National AMT-Free Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE BofA National Long-Term Core Plus Municipal Securities 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">0.28</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.28</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) 0.0028 0 0.0028 <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; 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">$29</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">$90</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">$157</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">$355</span></div> </div> </td> </tr> </table> </div> 29 90 157 355 <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 4% 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 components of 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, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by U.S. states and territories and their political subdivisions, in the U.S. domestic market. Such securities are exempt from the federal alternative minimum tax (“AMT”).</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">To be eligible for inclusion in the Underlying Index, such securities must have a term of at least 15 years remaining to final maturity, a fixed coupon schedule, a minimum amount outstanding of $25 million per maturity and must be</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">considered investment grade based on an average of ratings by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), Moody’s Investors Service, Inc. (“Moody’s”) and Fitch Ratings Inc. (“Fitch”).</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 7,390</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><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; line-height:11pt; margin-left:15pt"> </span><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 25% or more of the value of its total assets) in securities of issuers in </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 25% or more of the value of its total 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">Municipal Insurance Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> A portion of the municipal securities that the Fund holds may be covered by insurance that guarantees the bond's scheduled payment of interest and repayment of principal. Municipal security insurance does not insure against market fluctuations or fluctuations in the Fund's share price. In addition, a municipal security insurance policy will not cover: (i) repayment of a municipal security before maturity (redemption), (ii) prepayment or payment of an acceleration premium (except for a mandatory sinking fund redemption) or any other provision of a bond indenture that advances the maturity of the bond, or (iii) nonpayment of principal or interest caused by negligence or bankruptcy of the paying agent. A mandatory sinking fund redemption may be a provision of a municipal security issue whereby part of the municipal security issue may be retired before maturity.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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 methodology may cause the Fund to not 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 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 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="tm2426228d1pzai002.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">2.85%</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">9.35%</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">-7.52%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0285 Best Quarter 2023-12-31 0.0935 Worst Quarter 2022-03-31 -0.0752 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:148.73pt"> <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: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: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:148.73pt"> <div style="line-height:9pt; text-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">10/11/2007</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">7.78</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">1.92</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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: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">3.52</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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">7.77</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">1.27</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: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> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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: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">5.86</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: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">1.45</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: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">2.86</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:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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">ICE BofA National Long-Term Core Plus Municipal </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">Securities 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><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: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">8.31</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">2.43</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: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">3.84</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:148.73pt"> <div style="line-height:9pt; text-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 - ICE BofA National Long-Term Core Plus </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">Municipal Securities Index (reflects no deduction </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">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">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: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">8.31</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">2.43</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: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">3.73</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:148.73pt"> <div style="line-height:9pt; text-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 </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">3</span> <div style="clear:right"> </div> </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: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">6.40</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:23.97pt"> <div style="line-height:9pt; margin-left: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">3.03</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> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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 20 Year 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">3</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: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">7.78</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">2.68</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: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">3.88</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">Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; margin-top:0.0pt; 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">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—ICE BofA National Long-Term Core Plus Municipal Securities Index reflects the performance of the Fund’s prior underlying index, The BofA Merrill Lynch National Insured Long-Term Core Plus Municipal Securities Index, for the period prior to July 8, 2014, and the Underlying Index thereafter.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; margin-top:0.0pt; 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">3</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 Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2007-10-11 0.0778 0.0192 0.0352 0.0777 0.0127 0.0292 0.0586 0.0145 0.0286 (reflects no deduction for fees, expenses or taxes) 0.0831 0.0243 0.0384 0.0831 0.0243 0.0373 0.064 0.0225 0.0303 0.0778 0.0268 0.0388 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal 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 New York AMT-Free Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE BofA New York Long-Term Core Plus Municipal Securities 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">0.28</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.28</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) 0.0028 0 0.0028 <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; 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">$29</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">$90</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">$157</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">$355</span></div> </div> </td> </tr> </table> </div> 29 90 157 355 <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 6% 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 components of 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, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by New York or any U.S. territory and their political subdivisions, in the U.S. domestic market. Such securities are exempt from the federal alternative minimum tax (“AMT”).</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">To be eligible for inclusion in the Underlying Index, such securities must have a term of at least 15 years remaining to final maturity, a fixed coupon schedule, a minimum amount outstanding of $25 million per maturity and must be</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">considered investment grade based on an average of ratings by S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), Moody’s Investors Service, Inc. (“Moody’s”) and Fitch Ratings Inc. (“Fitch”).</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 1,348</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; 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 25% or more of the value of its total 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 25% or more of the value of its total 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">New York Municipal Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Because the Fund invests a substantial portion of its assets in New York municipal securities, the Fund will have greater exposure to negative political, economic, regulatory or other factors within the State of New York, including the financial condition of its public authorities and political subdivisions, than certain funds that invest in a broader base of securities. Unfavorable developments in any economic sector may have a substantial impact on the overall New York municipal market. Certain issuers of New York municipal bonds have experienced serious financial difficulties in the past and reoccurrence of these difficulties may impair the ability of certain New York issuers to pay principal or interest on their obligations.</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">Municipal Insurance Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> A portion of the municipal securities that the Fund holds may be covered by insurance that guarantees the bond's scheduled payment of interest and repayment of principal. Municipal security insurance does not insure against market fluctuations or fluctuations in the Fund's share price. In addition, a municipal security insurance policy will not cover: (i) repayment of a municipal security before maturity (redemption), (ii) prepayment or payment of an acceleration </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">premium (except for a mandatory sinking fund redemption) or any other provision of a bond indenture that advances the maturity of the bond, or (iii) nonpayment of principal or interest caused by negligence or bankruptcy of the paying agent. A mandatory sinking fund redemption may be a provision of a municipal security issue whereby part of the municipal security issue may be retired before maturity.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">State-Specific and U.S. Territories' Concentration Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund will be less diversified geographically than a fund investing across many states and therefore has greater exposure to adverse economic and political changes in New York.</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">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">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">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">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">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 methodology may cause the Fund to not 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">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 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 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="tm2426228d1pzti002.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">2.86%</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">9.92%</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">-7.87%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0286 Best Quarter 2023-12-31 0.0992 Worst Quarter 2022-03-31 -0.0787 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:148.73pt"> <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: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: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:148.73pt"> <div style="line-height:9pt; text-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">10/11/2007</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">7.80</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: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">2.11</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: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">3.52</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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">7.79</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">1.45</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: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">2.93</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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: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">5.83</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">1.61</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: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">2.86</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:26.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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">ICE BofA New York Long-Term Core Plus Municipal </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">Securities 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><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: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">9.07</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">2.32</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: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">3.73</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:148.73pt"> <div style="line-height:9pt; text-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 - ICE BofA New York Long-Term Core Plus </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">Municipal Securities Index (reflects no deduction </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">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">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: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">9.07</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">2.32</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: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> </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:148.73pt"> <div style="line-height:9pt; text-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 </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">3</span> <div style="clear:right"> </div> </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: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">6.40</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:23.97pt"> <div style="line-height:9pt; margin-left: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">3.03</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> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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 20 Year 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">3</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: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">7.78</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">2.68</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: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">3.88</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 July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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 - ICE BofA New York Long-Term Core Plus Municipal Securities Index reflects the performance of the Fund’s prior underlying index The BofA Merrill Lynch New York Insured Long-Term Core Plus Municipal Securities Index, for the period prior to July 8, 2014, and the Underlying Index thereafter.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">3</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 Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal Bond Index can be considered more broadly representative of the overall applicable securities market.</span></div></div> 2007-10-11 0.078 0.0211 0.0352 0.0779 0.0145 0.0293 0.0583 0.0161 0.0286 (reflects no deduction for fees, expenses or taxes) 0.0907 0.0232 0.0373 0.0907 0.0232 0.0375 0.064 0.0225 0.0303 0.0778 0.0268 0.0388 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal 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 Preferred ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE BofA Core Plus Fixed Rate Preferred Securities 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">0.50</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">0.51</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. 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) 0.005 0 0.0001 0.0051 <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">$52</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">$164</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">$285</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">$640</span></div> </div> </td> </tr> </table> </div> 52 164 285 640 <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 7% of the average value of its portfolio.</span></div> Portfolio Turnover. 0.07 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 components of 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, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (“ICE Data” or the “Index Provider”) selects securities for the Underlying Index, which is a market capitalization-weighted index designed to measure the performance of fixed rate U.S. dollar-denominated preferred securities issued in the U.S. domestic market. The Underlying Index includes both traditional and other preferred securities. Unlisted preferred securities are excluded from the Underlying Index, but unlisted senior or subordinated debt-like securities are eligible for inclusion. The Underlying Index may include Rule 144A securities. Securities are selected for the Underlying Index using a rules-based methodology. Qualifying securities must be rated at least B3 (based on an average of ratings by Moody’s Investors Service, Inc. (“Moody’s”), S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”) and Fitch Ratings, Inc. (“Fitch”)) and must have </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">an investment grade country risk profile (based on an average of Moody’s, S&amp;P and Fitch foreign currency long-term sovereign debt ratings). In addition, qualifying securities must have a fixed coupon or dividend schedule and must have a minimum amount outstanding of $100 million.</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 259</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 25% or more of the value of its total 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 25% or more of the value of its total 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">Preferred Securities 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">There are special risks associated with investing in preferred securities. Preferred securities may include provisions that permit the issuer, in its discretion, to defer or omit distributions for a certain period of time. If the Fund owns a security that is deferring or omitting its distributions, the Fund may be required to report the distribution on its tax returns, even though it may not have received any income. Further, preferred securities may lose substantial value due to the omission or deferment of dividend payments. Preferred securities may be less liquid than many other securities, such as common stocks, and generally offer no voting rights with respect to the issuer. Preferred securities also may be subordinated to bonds or other debt instruments in an issuer’s capital structure, subjecting them to a greater risk of non-payment than more senior securities.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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-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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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 its investment adviser, Invesco Capital Management LLC (the “Adviser”), seek to reduce these operational risks through controls and procedures. However, these </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1pgxi002.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">12.25%</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">8.94%</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, 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">-11.45%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1225 Best Quarter 2020-06-30 0.0894 Worst Quarter 2020-03-31 -0.1145 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:149.97pt"> <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: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:149.97pt"> <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">1/31/2008</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">9.32</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">2.29</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:23.97pt"> <div style="line-height:9pt; margin-left: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">4.13</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:10.25pt"> <td style=" vertical-align:Bottom; width:149.97pt"> <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">7.22</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: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">0.62</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: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:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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">6.20</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: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">1.44</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: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">2.86</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:149.97pt"> <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">ICE BofA Core Plus Fixed Rate Preferred Securities </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 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: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">9.62</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">2.51</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: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">4.42</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:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:149.97pt"> <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 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:39.07pt"> <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:23.97pt"> <div style="line-height:9pt; margin-left: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">1.81</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:149.97pt"> <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">S&amp;P U.S. Preferred Stock 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: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">12.02</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">4.23</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: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">4.65</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 S&amp;P U.S. Preferred Stock 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> 2008-01-31 0.0932 0.0229 0.0413 0.0722 0.0062 0.0241 0.062 0.0144 0.0286 (reflects no deduction for fees, expenses or taxes) 0.0962 0.0251 0.0442 0.0553 0.011 0.0181 0.1202 0.0423 0.0465 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P U.S. Preferred Stock 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 </span></div> </div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 Senior Loan ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Morningstar LSTA US Leveraged Loan 100 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">0.65</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: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 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">0.02</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">0.67</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">Fee Waiver and/or Expense Reimbursement</span><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">2</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">0.02</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 After Fee Waiver and/or Expense Reimbursement</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">0.65</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:70pt"> <td style=" padding-bottom:2pt; padding-top:2pt; 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:2pt; padding-top:2pt; 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> <tr style="height:62pt"> <td style="background-color:azure; padding-bottom:5pt; padding-top:2pt; 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">2</span></div> </div> </td> <td style="background-color:azure; padding-bottom:5pt; padding-top:2pt; 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">Through August 31, 2026, Invesco Capital Management LLC (the “Adviser”) has contractually agreed to waive a portion of the Fund’s management fee in an amount equal to 100% of the net advisory fees an affiliate of the Adviser receives that are attributable to certain of the Fund’s investments in money market funds managed by that affiliate. This waiver will have the effect of reducing the Acquired Fund Fees and Expenses that are indirectly borne by the Fund. The Adviser cannot discontinue this waiver prior to its expiration.</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) 0.0065 0 0.0002 0.0067 -0.0002 0.0065 2026-08-31 <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 are equal to the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement in the first year and the Total Annual Fund Operating Expenses for periods thereafter. 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">$66</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">$212</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">$371</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">$832</span></div> </div> </td> </tr> </table> </div> 66 212 371 832 <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 199% of the average value of its portfolio.</span></div> Portfolio Turnover. 1.99 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 components of 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">Morningstar, Inc. (“Morningstar” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which tracks the market value weighted performance of the 100 largest institutional leveraged loans based on market weightings, spreads and interest payments. Invesco Capital Management LLC (the “Adviser”) and the Fund’s sub-adviser, Invesco Senior Secured Management, Inc. (the “Sub-Adviser”), define senior loans to include loans referred to as leveraged loans, bank loans and/or floating rate loans. Banks and other lending institutions generally issue senior loans to corporations, partnerships or other entities (“borrowers”). These borrowers operate in a variety of industries and geographic regions, including foreign countries. To be included in the Underlying Index, leveraged loans must be senior secured, denominated in U.S. dollars and must have a minimum initial term of one year and a minimum initial issue size of $50 million. A leveraged loan is typically rated below investment grade quality or is unrated but deemed to be of comparable quality.</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">Senior loans often are issued in connection with recapitalizations, </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">acquisitions, leveraged buyouts and re-financings. Senior loans typically are structured and administered by a financial institution that acts as agent for the lenders in the lending group. The Fund generally will purchase loans from banks or other financial institutions through assignments or participations. The Fund may acquire a direct interest in a loan from the agent or another lender by assignment or an indirect interest in a loan as a participation in another lender’s portion of a loan. The Fund generally will sell loans it holds by way of an assignment, but may sell participation interests in such loans at any time to facilitate its ability to fund redemption requests.</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 Fund will invest in loans that are expected to be below investment grade quality and to bear interest at a floating rate that periodically resets. The Underlying Index may include, and the Fund may acquire and retain, loans of borrowers that are in default.</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 100 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 25% or more of the value of its total 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 25% or more of the value of its total 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">Senior Loans Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The risks associated with senior loans are similar to the risks of fixed income securities that are rated non-investment grade (commonly known as “junk bonds”), although senior loans typically are senior and secured, whereas junk bonds often are subordinated and unsecured. Investments in senior loans typically are below investment grade and are considered speculative because of the credit risk of their issuers. Such companies are more likely to default on their payments of interest and principal owed, and such defaults could reduce the Fund’s NAV and income distributions. An economic downturn generally leads to a higher non-payment rate, and a senior loan may lose significant value before a default occurs. There is no assurance that the liquidation of the collateral would satisfy the claims of the borrower's obligations in the event of the non-payment of scheduled interest or principal, or that the collateral could be readily liquidated. Economic and other events (whether real or perceived) can reduce the demand for certain senior loans or senior loans generally, which may reduce market prices. Senior loans and other debt securities also are subject to the risk of price declines and to increases in prevailing interest rates, although floating-rate debt instruments such as senior loans in which the Fund may be expected to invest are substantially less exposed to this risk than fixed-rate debt instruments. No active trading market may exist for certain senior loans, which may impair the ability of the Fund to realize full value in the event of the need to liquidate such assets. Adverse market conditions may impair the liquidity of some actively traded senior loans. Longer interest rate reset periods generally increase fluctuations in value as a result of changes in market interest 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; margin-left:15pt">Some loans are subject to the risk that a court, pursuant to fraudulent </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">conveyance or other similar laws, could subordinate the loans to presently existing or future indebtedness of the borrower or take other action detrimental to lenders, including the Fund, such as invalidation of loans or causing interest previously paid to be refunded to the borrower. Investments in loans also are subject to the risk of changes in legislation or state or federal regulations. If such legislation or regulations impose additional requirements or restrictions on the ability of financial institutions to make loans, the availability of loans for investment by the Fund may be adversely affected. Many loans are not registered with the SEC or any state securities commission and often are not rated by any nationally recognized rating service. Generally, there is less readily available, reliable information about most loans than is the case for many other types of securities. Although a loan may be senior to equity and other debt securities in a borrower's capital structure, such obligations may be structurally subordinated to obligations of the borrower's subsidiaries.</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">There is no organized exchange on which loans are traded and reliable </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">market quotations may not be readily available. Therefore, elements of judgment may play a greater role in valuation of loans than for securities with a more developed secondary market and the Fund may not realize full value in the event of the need to sell a loan. To the extent that a secondary market does exist for certain loans, the market may be subject to volatility, irregular trading activity, wide bid/ask spreads, decreased liquidity and extended trade settlement periods, any of which may impair the Fund's ability to sell loans within its desired time frame or at an acceptable price and its ability to accurately value existing and prospective investments. Extended trade settlement periods for certain loans may result in cash not being immediately available to the Fund upon sale of the loan. As a result, the Fund may have to sell other investments with shorter settlement periods or engage in borrowing transactions to raise cash to meet its obligations. Newly originated loans (including reissuances and restructured loans) may possess lower levels of credit document protections than has historically been the case. Accordingly, in the event of default, the Fund may experience lower levels of recoveries than has historically been the norm.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Risk of Investing in Loans.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Investments in loans are subject to interest rate risk and credit risk. Default in the payment of interest or principal on a loan will result in a reduction in its value. Although the loans in which the Fund may invest generally are secured by specific collateral, there can be no assurance that such collateral will satisfy the borrower’s </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">obligation in the event of non-payment of scheduled interest or principal or that such collateral could be readily liquidated. In the event of the bankruptcy of a borrower, access to the collateral may be limited by bankruptcy or other insolvency loans. There is no organized exchange on which loans are traded and reliable market quotations may not be readily available. Therefore, elements of judgment may play a greater role in valuation of loans than for securities with a more developed secondary market. To the extent that a secondary market does exist for certain loans, the market may be subject to volatility, irregular trading activity, wide bid/ask spreads, decreased liquidity and extended trade settlement periods, any of which may impair the ability to sell loans within a desired time frame or at an acceptable price. Extended trade settlement periods for certain loans may result in cash not being immediately available upon sale of the loan. Some loans are subject to the risk that a court, pursuant to fraudulent conveyance or other similar laws, could subordinate the loans to presently existing or future indebtedness of the borrower or take other action detrimental to lenders, such as invalidation of loans or causing interest previously paid to be refunded to the borrower. Investments in loans also are subject to the risk of changes in legislation or state or federal regulations. If such legislation or regulations impose additional requirements or restrictions on the ability of financial institutions to make loans, the availability of loans for investment may be adversely affected. Many loans are not registered with the SEC or any state securities commission and often are not rated by any nationally recognized rating service. Generally, there is less readily available, reliable information about most loans than is the case for many other types of securities. Although a loan may be senior to equity and other debt securities in a borrower’s capital structure, such obligations may be structurally subordinated to obligations of the borrower’s subsidiaries.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Risk of Investing in Loans to Non-U.S. Borrowers</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 may invest all or a portion of its assets in loans of non-U.S. borrowers. The Fund’s investments in loans of non-U.S. borrowers may be affected by political and social instability; changes in economic or taxation policies; difficulties when enforcing obligations; decreased liquidity; and increased volatility. Foreign borrowers may be subject to less regulation resulting in less publicly available information about the borrowers.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Risks of Loan Assignments and Participations.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> As the purchaser of an assignment, the Fund typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation; however, the Fund may not be able to unilaterally enforce all rights and remedies under the loan and with regard to any associated collateral. Because assignments may be arranged through private negotiations between potential assignees and potential assignors, the rights and obligations acquired by the Fund as the purchaser of an assignment may differ from, and be more limited than, those held by the assigning lender. In addition, if the loan is foreclosed, the Fund could become part owner of any collateral and could bear the costs and liabilities of owning and disposing of the collateral. The Fund may be required to pass along to a purchaser that buys a loan from the Fund by way of assignment, a portion of any fees to which the Fund is entitled under the loan. In connection with purchasing participations, the Fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement relating to the loan, nor any rights of set-off against the borrower, and the Fund may not directly benefit from any collateral supporting the loan in which it has purchased the participation. As a result, the Fund will be subject to the credit risk of both the borrower and the lender that is selling the participation. In the event of the insolvency of the lender selling a participation, the Fund may be treated as a general creditor of the lender and may not benefit from any setoff between the lender and the borrower.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold">Collateral 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"> The Fund may invest in money market funds to provide liquidity or to accommodate unusually large cash inflows or redemptions. Money market funds are subject to management fees and other expenses,</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</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 investments in money market funds will cause it to bear proportionately the costs incurred by the money market funds'</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">operations while simultaneously paying</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">its own management fees and expenses.</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">An investment in a money market 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">is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Money market funds may not have the value of their investments remain at</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">$1.00 per share; it is possible to lose money by investing in a money market fund.</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">When Issued and Delayed Delivery Transactions 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 may also purchase and sell interests in senior loans and other portfolio securities on a when issued and delayed delivery basis. No income accrues to the Fund on such interests or securities in connection with such purchase transactions prior to the date that the Fund actually takes delivery of such </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">interests or securities. These transactions are subject to market fluctuation; the value of the interests in senior loans and other portfolio debt securities at delivery may be more or less than their purchase price, and yields generally available on such interests or securities when delivery occurs may be higher or lower than yields on the interests or securities obtained pursuant to such transactions. Because the Fund relies on the buyer or seller, as the case may be, to consummate the transaction, failure by the other party to complete the transaction may result in the Fund missing the opportunity of obtaining a price or yield considered to be advantageous. The Fund will make commitments to purchase such interests or securities on such basis only with the intention of actually acquiring these interests or securities, but the Fund may sell such interests or securities prior to the settlement date if such sale is considered to be advisable. To the extent the Fund engages in when issued and delayed delivery transactions, it will do so for the purpose of acquiring interests or securities for the Fund’s portfolio consistent with the Fund’s investment objective and policies and not for the purpose of investment leverage. No specific limitation exists as to the percentage of the Fund’s assets which may be used to acquire securities on a when issued or delayed delivery basis.</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; font-weight:bold">.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> All or a significant portion of the loans in which the Fund will invest may be determined to be non-investment grade loans that are considered speculative. The Fund also may invest in junk bonds. Non-investment grade loans and bonds, and unrated loans and bonds of comparable credit quality are subject to the increased risk of a borrower’s or 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 borrower of lower-rated loans or issuer of lower-rated bonds 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">Prepayment Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The ability of the borrower of a loan to repay principal prior to maturity can limit the potential for gains by the Fund. During periods of declining interest rates, the borrower of a loan may exercise its option to prepay principal earlier than scheduled, forcing the Underlying Index, and therefore the Fund, to replace such a loan with a lower yielding loan. If interest rates are falling, the Fund may have to reinvest the unanticipated proceeds at lower interest rates, resulting in a decline in the Fund’s income.</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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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 to not 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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="tm2426228d1bklni002.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">5.78%</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">5.01%</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:28.32pt"> <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">-9.05%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0578 Best Quarter 2020-06-30 0.0501 Worst Quarter 2020-03-31 -0.0905 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:151.06pt"> <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: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:151.06pt"> <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">3/3/2011</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">11.64</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: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">4.39</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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: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 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:151.06pt"> <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">7.77</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">2.28</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: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:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:151.06pt"> <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 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: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">6.78</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">2.44</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: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: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:151.06pt"> <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">Morningstar LSTA US Leveraged Loan 100 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">(USD) (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: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">13.20</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: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">5.78</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: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">4.00</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:151.06pt"> <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 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: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:23.97pt"> <div style="line-height:9pt; margin-left: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">1.81</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:151.06pt"> <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">Morningstar LSTA US Leveraged Loan Index (USD) </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><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">13.32</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">5.80</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: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">4.42</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 Morningstar LSTA US Leveraged Loan Index (USD) 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> 2011-03-03 0.1164 0.0439 0.03 0.0777 0.0228 0.0109 0.0678 0.0244 0.0142 (reflects no deduction for fees, expenses or taxes) 0.132 0.0578 0.04 0.0553 0.011 0.0181 0.1332 0.058 0.0442 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Morningstar LSTA US Leveraged Loan Index (USD) 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 Short Term Treasury ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE U.S. Treasury Short Bond 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">0.08</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: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">0.08</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) 0.0008 0 0.0008 <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">$8</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">$26</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">$45</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">$102</span></div> </div> </td> </tr> </table> </div> 8 26 45 102 <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 did not have a portfolio turnover rate, since the Fund invested only in securities that are excluded from portfolio turnover rate calculations.</span></div> Portfolio Turnover. 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 components of 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, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of U.S. Treasury Obligations with a maximum remaining maturity of less than or equal to 12 months. “U.S. Treasury Obligations” refer to securities issued or guaranteed by the U.S. Treasury where the payment of principal and interest is backed by the full faith and credit of the U.S. government. They include U.S. Treasury notes, bills and bonds. The Fund expects to invest 100% of its total assets in cash and U.S. Treasury Obligations with a maximum remaining maturity of less than or equal to 12 months.</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 includes all publicly-issued, non-convertible U.S. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Treasury Obligations that: (i) are issued in U.S. dollars, (ii) have a minimum remaining maturity greater than one month and a maximum remaining maturity of less than or equal to 12 months at the time of rebalance, (iii) have a fixed coupon schedule, and (iv) have a minimum adjusted amount outstanding of $300 million. The Underlying Index excludes inflation-linked securities, original issue zero coupon securities, floating rate notes, any government agency debt issued with or without a government guarantee and Separate Trading of Registered Interest and Principal of Securities </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">(“STRIPS”). The Underlying Index uses a market capitalization-weighted methodology.</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 90</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. In managing the Fund, Invesco Advisers, Inc. (the “Sub-Adviser”) selects component securities that are expected to have, in the aggregate, investment characteristics, risk factors and liquidity measures that are similar to, and therefore are representative of 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; font-weight:bold; margin-left:15pt">The Fund is not a money market fund and does not attempt to </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">maintain a stable net asset value.</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. The U.S. government, state and municipal governments and their agencies, authorities and instrumentalities are not deemed to be industries for this purpose.</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. The U.S. government, state and municipal governments and their agencies, authorities and instrumentalities are not deemed to be industries for this purpose. <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">U.S. Treasury Obligations Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> U.S. Treasury Obligations may differ from other securities in their interest rates, maturities, times of issuance and other characteristics. Securities issued or guaranteed by the U.S. Treasury are backed by the “full faith and credit” of the United States; however, the U.S. government guarantees a security only as to the timely payment of interest and principal when held to maturity. Consequently, the market prices of such securities may fluctuate. Because U.S. Treasury Obligations trade actively outside the United States, their prices may rise and fall as changes in global economic conditions affect the demand for these securities. In addition, changes in the credit rating or financial condition of the U.S. government may cause the value of U.S. Treasury Obligations to decline. Although the Fund may hold securities that carry U.S. government guarantees, these guarantees do not extend to Shares of the Fund.</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. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Not a Money Market Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> The Fund is not a money market fund and is not subject to the strict rules that govern the quality, maturity, liquidity and other features of securities that money market funds may purchase. Under normal circumstances, the Fund’s investments may be more susceptible than a money market fund’s investments to credit risk, interest rate risk, valuation risk and other risks relevant to the Fund’s investments. An investment in the Fund is not a deposit in a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any other government agency, and it is possible for the Fund to lose money. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">The Fund does not seek to maintain a stable NAV of $1.00 per share.</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">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">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">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 at the fund level on gains on the distributed portfolio securities. However, unlike most ETFs, the Fund currently intends to effect redemptions for cash, rather than in-kind, because of 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">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 redeems Creation Units principally for cash, it will incur higher costs in selling securities to raise cash for redemptions than if it redeemed Creation Units in-kind. Additionally, the Fund’s use of a representative sampling methodology may cause the Fund to not 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1tblli002.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">3.98%</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">1.44%</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">-0.07%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0398 Best Quarter 2023-12-31 0.0144 Worst Quarter 2022-03-31 -0.0007 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">1/12/2017</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">4.97</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: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">1.86</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">1.69</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">2.99</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">1.10</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">1.00</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">2.90</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">0.99</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">ICE U.S. Treasury Short 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">1,2</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">5.07</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">1.90</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">1.75</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">2</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">1.23</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">Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the ICE U.S. Treasury Short Bond 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> 2017-01-12 0.0497 0.0186 0.0169 0.0299 0.011 0.01 0.029 0.011 0.0099 (reflects no deduction for fees, expenses or taxes) 0.0507 0.019 0.0175 0.0553 0.011 0.0123 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the ICE U.S. Treasury Short Bond 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 Taxable Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE BofA US Taxable Municipal Securities Plus 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">0.28</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </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">0.28</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) 0.0028 0 0.0028 <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">$29</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">$90</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">$157</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">$355</span></div> </div> </td> </tr> </table> </div> 29 90 157 355 <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 4% 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 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, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of U.S. dollar-denominated taxable municipal debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.</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">Securities eligible for inclusion in the Underlying Index must have: (i) at </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">least 18 months to final maturity at the time of issuance, (ii) at least one year remaining term to final maturity, (iii) a fixed coupon schedule, including zero coupon bonds, and (iv) an investment grade rating (based on an average of ratings by Moody’s Investors Service, Inc. (“Moody’s”), S&amp;P Global Ratings, a division of S&amp;P Global Inc. (“S&amp;P”), and Fitch Ratings, Inc. (“Fitch”)). Component securities also must have a minimum amount outstanding that varies according to the bond’s initial term to final maturity at time of issuance: maturities between 1-5 years must have at least $10 million outstanding; maturities between 5-10 years must have at least $15 million outstanding; and maturities of 10 years or more must have at least $25 million outstanding.</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 excludes secondarily issued securities, securities </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">issued under the Municipal Liquidity Facility or a municipal commercial paper program, Rule 144A securities and securities in legal default. </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">However, it may include bonds eligible to participate in the Build America Bond program created under the American Recovery and Reinvestment Act of 2009 or other legislation providing for the issuance of taxable municipal securities on which the issuer receives federal support of the interest paid (“Build America Bonds”). Unlike most other municipal obligations, interest received on Build America Bonds is subject to federal and state income tax. The Underlying Index does not include bonds that, under the Build America Bond program, are eligible for tax credits. Build America Bonds must have at least $1 million outstanding to be 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 Underlying Index uses a market capitalization-weighted </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">methodology, weighting its constituent bonds using a factor that equals their current amount outstanding multiplied by their market price, plus accrued interest.</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 4,630</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 25% or more of the value of its total 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 25% or more of the value of its total 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">Taxable Municipal Securities Risk.</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.</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. </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">California Municipal Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Because the Fund invests a substantial portion of its assets in California municipal securities, the Fund will have greater exposure to negative political, economic and regulatory factors within the State of California than certain funds that invest in a broader base of securities. Unfavorable developments in any economic sector may have a substantial impact on the overall California municipal market. Economic, fiscal and budgetary conditions throughout the State may influence the Fund's performance. These factors heighten the risk that the prices of California municipal securities, and the Fund's market price, will experience greater volatility.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Build America Bonds Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Build America Bonds involve similar risks as municipal bonds, including credit and market risk. In particular, should a Build America Bond's issuer fail to continue to meet the applicable requirements imposed on such bonds, it is possible that such issuer may not receive federal cash subsidy payments, impairing the issuer's ability to make scheduled interest payments. The Build America Bond program expired on December 31, 2010 and no further issuance is permitted unless Congress were to renew the program at a future date. As a result, the number of available Build America Bonds is limited, which may negatively affect the value of the Build America Bonds. In addition, there can be no assurance that Build America Bonds will be actively traded. It is difficult to predict the extent to which a market for such bonds will continue, meaning that Build America Bonds may experience greater illiquidity than other municipal obligations. The Build America Bonds outstanding as of December 31, 2010 will continue to be eligible for the federal interest rate subsidy, which continues for the life of the Build America Bonds; however, no bonds issued following expiration of the Build America Bond program will be eligible for the federal tax subsidy.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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 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">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 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 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="tm2426228d1babi002.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">5.45%</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">7.61%</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">-8.78%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.0545 Best Quarter 2023-12-31 0.0761 Worst Quarter 2022-03-31 -0.0878 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:148.73pt"> <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: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: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:148.73pt"> <div style="line-height:9pt; text-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">11/17/2009</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">8.47</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">1.43</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:23.97pt"> <div style="line-height:9pt; margin-left: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">3.69</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> </tr> <tr style="height:10.25pt"> <td style=" vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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">6.82</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">0.08</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: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">2.04</span></div> </div> </div> </td> </tr> <tr style="height:17.5pt"> <td style="background-color:azure; vertical-align:Bottom; width:148.73pt"> <div style="line-height:9pt; text-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: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: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">4.97</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">0.54</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: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:148.73pt"> <div style="line-height:9pt; text-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">ICE BofA US Taxable Municipal Securities Plus 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">1,2</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: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">8.26</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">1.88</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-6; line-height:9pt; margin-left: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">—</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:148.73pt"> <div style="line-height:9pt; text-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—ICE BofA US Taxable Municipal Securities </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">Plus 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><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">3</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: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">8.26</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">1.88</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: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> </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:148.73pt"> <div style="line-height:9pt; text-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">4</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: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:23.97pt"> <div style="line-height:9pt; margin-left: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">1.81</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:148.73pt"> <div style="line-height:9pt; text-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">ICE BofA U.S. Corporate Master 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">4</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: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">8.43</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">2.64</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: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">2.99</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> </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 December 1, 2015, performance for the Underlying Index is not available.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">3</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—ICE BofA US Taxable Municipal Securities Plus Index reflects the performance of the ICE BofA Build America Bond Index, the previous underlying index, for the period prior to May 31, 2017, and the Underlying Index thereafter.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </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">4</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 ICE BofA U.S. Corporate Master 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> 2009-11-17 0.0847 0.0143 0.0369 0.0682 0.0008 0.0204 0.0497 0.0054 0.0213 (reflects no deduction for fees, expenses or taxes) 0.0826 0.0188 0.0826 0.0188 0.0405 0.0553 0.011 0.0181 0.0843 0.0264 0.0299 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the ICE BofA U.S. Corporate Master 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 Variable Rate Preferred ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE Variable Rate Preferred &amp; Hybrid Securities 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">0.50</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">0.50</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) 0.005 0 0.005 <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">$51</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">$160</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">$280</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">$629</span></div> </div> </td> </tr> </table> </div> 51 160 280 629 <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 90% of its total assets in the components of the Underlying Index, as well as American depositary receipts (“ADRs”) that represent securities 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">Strictly in accordance with its guidelines and mandated procedures, ICE </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">Data Indices, LLC (the “Index Provider”) compiles and calculates the Underlying Index, which is a market capitalization-weighted index designed to track the performance of floating and variable rate investment grade and below investment grade U.S. dollar denominated preferred stock, as well as certain types of hybrid securities that are, in the judgment of the Index Provider, comparable to preferred stocks, that are issued by corporations in the U.S. domestic market. To be eligible for inclusion in the Underlying Index, the preferred stock or hybrid security must: (i) be publicly issued, (ii) be U.S.-registered or exempt from registration in the United States, (iii) have at least one day remaining to maturity and at least 18 months to maturity at the time of its issuance, (iv) be issued in either $25 or $1,000 par value increments, and (v) have a floating rate coupon or dividend, and must meet other minimum liquidity, trading volume and other requirements, as determined by the Index Provider.</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 general, preferred stock is a class of equity security that pays </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">distributions to preferred stockholders. Preferred stockholders have priority over common stockholders in the payment of specified dividends, such that preferred stockholders receive dividends before any dividends are paid to </span></div><div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">common stockholders. In addition, preferred stock takes precedence over common stock in receiving proceeds from an issuer in the event of the issuer’s liquidation, but is generally junior to debt, including senior and subordinated debt. Although preferred stocks represent a partial ownership interest in a company, preferred stocks generally do not carry voting rights. Preferred stocks often have a liquidation value that equals the original purchase price of the stock at the time of issuance. Preferred stocks have economic characteristics similar to fixed-income securities; for example, preferred stocks generally pay dividends at a specified rate, which may be fixed or variable. Variable- or floating-rate preferred stocks pay dividends at rates that adjust periodically according to formulae intended generally to reflect market rates of interest, float at a fixed margin above a generally recognized base lending rate, or are reset or re-determined on specified dates (such as the last day of a month or calendar quarter). Dividends may be paid on a variable rate percentage of the fixed par value at which the preferred stock is issued. The Underlying Index may include fixed-to-floating rate preferred securities, which are securities that have an initial term with a fixed dividend rate and following this initial term bear a floating dividend rate.</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">Hybrid securities that are comparable to preferred stock are those </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">securities that, like traditional preferred stock, have preference over the common stock within an issuer’s capital structure, and are issued and traded in a similar manner to traditional preferred stock. Like preferred stock (but unlike debt securities or common stock), hybrid securities have the ability to defer dividend payments to stockholders and to extend their maturity dates to different durations.</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 may include securities of large-, mid- and </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">small-capitalization companies.</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 303 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; 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. 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">Variable- and Floating-Rate Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Although variable- and floating-rate instruments are less sensitive to interest rate risk than fixed-rate securities, they are subject to credit risk and default risk, which could impair their value. Variable- and floating-rate securities also may be subject to liquidity risk, meaning that there may be limitations on the Fund’s ability to sell the securities at any given time. Securities with floating or variable interest rates may decline in value if their coupon rates do not reset as high, or as quickly, as comparable market interest rates, and generally carry lower yields than fixed notes of the same maturity. Due to these securities’ variable- or floating-rate features, there can be no guarantee that they will pay a certain level of a dividend, and such securities generally will pay lower levels of income in a falling interest rate environment.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Below Investment Grade Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Like bonds, preferred stocks are rated by credit agencies, and the Fund may invest in preferred stocks with ratings that are below investment grade. Such stocks may be considered speculative or junk. Compared to higher quality securities, the value of below investment grade preferred securities may fluctuate more in response to company, political, regulatory or economic developments, and their values can decline significantly over short periods of time or during periods of economic difficulty. Because preferred securities may be subordinated to bonds or other debt instruments in an issuer's capital structure, an investment in below investment grade preferred stocks may carry an even greater risk of loss relative to an investment in a bond in the event of an issuer's bankruptcy.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Preferred Securities 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">There are special risks associated with investing in preferred securities. Preferred securities may include provisions that permit the issuer, in its discretion, to defer or omit distributions for a certain period of time. If the Fund owns a security that is deferring or omitting its distributions, the Fund may be required to report the distribution on its tax returns, even though it may not have received any income. Further, preferred securities may lose substantial value due to the omission or deferment of dividend payments. Preferred securities may be less liquid than many other securities, such as common stocks, and generally offer no voting rights with respect to the issuer. Preferred securities also may be subordinated to bonds or other debt instruments in an issuer’s capital structure, subjecting them to a greater risk of non-payment than more senior securities.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Hybrid Securities Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Although generally considered an equity security within an issuer's capital structure, a hybrid security may exhibit characteristics akin to a debt security or other evidence of indebtedness on which the value of the interest, or principal of which, is determined by reference to changes in the value of a reference instrument or financial strength of a reference entity (e.g., a security or other financial instrument, asset, currency or interest rate). The price of a hybrid security and any applicable reference instrument may not move in the same direction or at the same time. An investment in a hybrid security may entail significant risks not associated with a similar investment in a traditional equity security. The risks of a particular hybrid security will depend upon the terms of the instrument, but may include the possibility of significant changes in the value of any applicable reference instrument. Hybrid securities potentially are more volatile than traditional equity securities. Hybrid instruments may carry credit risk of their issuer, as well as liquidity risk, since they often are “customized” to meet the needs of an issuer or a particular investor, and therefore the number of investors that buy such instruments in the secondary market may be small.</span> <span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-style:italic; font-weight:bold; margin-left:15pt">Risk of Subordinated Debt.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> Perpetual subordinated debt is a type of hybrid instrument that has no maturity date for the return of principal and does not need to be redeemed by the issuer. These investments typically have lower credit ratings and lower priority than other obligations of an issuer during bankruptcy, presenting a greater risk for nonpayment. This risk increases as the priority of the obligation becomes lower. Payments on </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">these securities may be subordinated to all existing and future liabilities and obligations of subsidiaries and associated companies of an issuer. Additionally, some perpetual subordinated debt does not restrict the ability of an issuer's subsidiaries to incur further unsecured indebtedness.</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">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">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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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">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">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">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">ADR Risk.</span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt"> ADRs are certificates that evidence ownership of shares of a foreign issuer and are alternatives to purchasing the underlying foreign securities directly in their national markets and currencies. ADRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities. Moreover, ADRs may not track the price of the underlying foreign securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.</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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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. 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 </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt">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 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 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="tm2426228d1vrpi002.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">10.38%</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">9.99%</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">-15.09%</span></div> </div> </td> </tr> </table> </div> Year-to-date 2024-09-30 0.1038 Best Quarter 2020-06-30 0.0999 Worst Quarter 2020-03-31 -0.1509 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">5/1/2014</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">10.43</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: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">5.34</span></div> <div style="display:flex"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; width:auto">%</span></div> </div> </div> </td> <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">4.32</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">8.21</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">3.75</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">2.70</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">6.85</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">3.78</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">2.88</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">ICE Variable Rate Preferred &amp; Hybrid Securities </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><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">1,2</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">10.87</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-7; 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">—</span></div> </div> </div> </td> <td style="background-color:azure; vertical-align:Bottom; white-space:nowrap; width:35.97pt"> <div style="-sec-ix-hidden: hidden-fact-8; 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">—</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">Blended - ICE Variable Rate Preferred &amp; Hybrid </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">Securities 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><span style="color:#000000; font-family:Arial Narrow; font-size:5pt; margin-left:0.0pt; position:relative; top:-3.25pt">3</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">10.87</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">5.63</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">4.61</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">4</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">1.57</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">S&amp;P U.S. Preferred Stock 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">4</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">12.02</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">4.23</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">3.88</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">Prior to its commencement date of March 5, 2021, performance for the Underlying Index is not available.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; margin-top:0.0pt; 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">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">Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; margin-top:0.0pt; 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">3</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 - ICE Variable Rate Preferred &amp; Hybrid Securities Index reflects the performance of the Wells Fargo</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"> Hybrid and Preferred Securities Floating and Variable Rate Index, the previous underlying index, for the period from the Fund's inception through June 30, 2021, and the Underlying Index thereafter.</span><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; line-height:9pt"> </span></div></div> <div style="clear:both; position:relative"> </div><div style="clear:both; margin-top:0.0pt; 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">4</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 S&amp;P U.S. Preferred Stock 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> 2014-05-01 0.1043 0.0534 0.0432 0.0821 0.0375 0.027 0.0685 0.0378 0.0288 (reflects no deduction for fees, expenses or taxes) 0.1087 0.1087 0.0563 0.0461 0.0553 0.011 0.0157 0.1202 0.0423 0.0388 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P U.S. Preferred Stock 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. false 2024-08-31 485BPOS 0001378872 -0.0164 -0.0333 0.0789 0.2058 -0.1019 0.3103 0.3202 0.1999 -0.1849 0.1683 -0.3161 0.5534 -0.2753 0.1711 -0.1214 0.1399 0.1473 0.0011 0.0099 0.0464 -0.0037 0.1033 0.1250 -0.0355 -0.2034 0.0343 0.0896 0.0014 0.2804 0.1816 -0.1796 0.3561 -0.1054 0.3788 -0.2167 -0.0118 0.0823 -0.1020 0.2062 0.1193 -0.0878 0.2056 -0.1521 0.3185 -0.1899 0.1996 0.2381 -0.0818 0.3305 0.0086 -0.1804 0.2344 -0.2582 0.3114 -0.1890 0.1275 0.1125 0.1424 0.1910 0.0896 -0.0225 0.2764 -0.0170 0.2007 0.1057 0.0705 0.0205 0.0552 0.3851 0.0137 -0.1778 0.2334 -0.0885 0.3614 -0.0725 -0.0067 -0.0454 0.3128 0.2132 0.2690 -0.1947 0.2706 0.2733 -0.3245 0.5492 -0.1024 0.0449 0.0212 0.0968 -0.2812 0.1356 -0.3501 0.6668 -0.0420 0.1607 0.1718 -0.0891 0.2455 0.1640 0.2316 -0.1349 0.1206 0.2003 0.1880 -0.0926 0.2897 -0.1017 0.3532 -0.0544 0.1159 0.1155 0.2299 -0.0284 0.2972 0.0268 0.2726 -0.0472 0.0008 0.1272 -0.1278 0.2612 0.1777 -0.1543 0.3405 0.2554 0.4057 -0.2054 0.3326 0.1984 0.0520 0.2231 0.1194 -0.0613 0.2032 -0.0989 0.2483 0.0064 0.0137 0.1719 0.0406 0.1009 0.1708 0.0003 0.2790 -0.0137 0.2405 -0.0481 0.0048 -0.0505 0.3160 0.0853 0.2431 -0.1073 0.1019 0.0544 0.2789 -0.0015 0.2600 0.2817 0.2268 -0.1063 0.1759 -0.1616 0.2240 0.1335 -0.0121 0.1225 0.1988 -0.0757 0.2802 0.0911 0.3021 -0.0590 0.1721 -0.1302 0.1543 0.0948 -0.0579 0.2158 0.1288 -0.1449 0.2828 0.1073 0.3432 -0.0805 0.2373 0.1804 0.0552 0.2160 0.1380 -0.0019 0.2383 -0.0845 0.2314 -0.0652 0.0170 -0.1466 0.1661 0.0649 -0.0851 0.3051 0.0516 -0.1687 0.2025 0.2049 0.5293 -0.1103 0.1642 0.0466 -0.0897 0.1568 0.1707 -0.0821 0.1734 0.2852 0.3752 -0.2797 0.3311 0.1145 0.0161 0.2856 0.0945 -0.0621 0.1767 0.1079 0.2844 -0.0664 0.1487 -0.3584 -0.4774 0.3730 -0.2684 -0.4298 -0.1504 -0.4007 0.5961 0.4846 0.0494 0.0796 0.0007 0.3262 0.0629 -0.0773 0.2178 -0.0910 0.2799 -0.1917 0.0563 0.1103 0.2029 0.0196 0.3443 0.0969 0.1991 0.3115 0.0561 -0.2632 -0.0261 0.0176 -0.0774 0.1752 -0.1347 0.1831 -0.1953 0.0292 0.0235 -0.0556 0.2918 0.1709 -0.1240 0.2922 0.1170 0.2555 -0.0967 0.3149 0.1297 0.0434 0.3347 0.1012 -0.0913 0.3918 0.2745 0.2651 -0.2257 0.2071 0.1080 0.0278 0.3134 0.0868 -0.0533 0.2239 -0.1735 0.2947 -0.1179 0.0117 -0.0003 -0.2587 0.5422 0.0962 -0.2232 0.2050 0.2241 0.1825 -0.0636 0.1975 -0.0606 0.1743 0.1126 0.2466 -0.1525 0.2392 0.1655 0.0704 0.2480 0.1191 -0.0447 0.0999 0.0328 0.2992 -0.1957 0.0221 0.2153 -0.0518 0.2845 0.1152 -0.0447 0.2244 -0.0914 0.2909 0.0716 0.0453 -0.0074 -0.0933 -0.4321 0.5417 -0.2516 0.6565 2.3326 -0.2469 -0.0518 -0.2685 0.1401 0.0416 0.0086 0.0666 0.0039 0.0869 0.0512 0.0209 -0.1148 0.0697 0.0512 -0.0156 0.1408 0.1418 -0.0889 0.2417 0.0466 0.1527 -0.1838 0.0948 -0.0012 -0.0016 0.0017 0.0060 0.0111 0.0115 0.0032 -0.0024 0.0088 0.0282 0.0185 -0.0262 0.1278 0.0512 -0.0238 0.1314 0.0515 0.0343 -0.0887 0.1146 0.0460 0.0075 0.0402 0.0347 -0.0060 0.0976 0.0779 -0.0141 -0.1013 0.0673 0.1417 0.0403 0.0126 0.0661 0.0023 0.0866 0.0525 0.0225 -0.1276 0.0778 0.1441 0.0382 0.0106 0.0582 0.0023 0.0881 0.0610 0.0252 -0.1301 0.0780 0.1529 0.0808 0.0120 0.1084 -0.0425 0.1724 0.0714 0.0308 -0.2087 0.0932 0.0071 -0.0286 0.0890 0.0238 -0.0056 0.0883 0.0117 0.0254 -0.0168 0.1164 0.0180 0.0236 0.0092 -0.0001 0.0112 0.0497 0.1570 0.0092 0.0528 0.0820 0.0063 0.1126 0.0943 0.0082 -0.1936 0.0847 0.0299 0.0680 0.0971 -0.0569 0.1801 0.0521 0.0409 -0.0911 0.1043 Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Dorsey Wright SmallCap Tech Leaders™ 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. Prior to its commencement date of June 13, 2023, performance for the Underlying Index is not available. Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg U.S. Treasury 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. The Blended-Invesco Equal Weight 0-30 Year Treasury Benchmark performance reflects the performance of the Ryan/NASDAQ U.S. 1-30 Year Treasury Laddered Index, the previous underlying index, through August 25, 2023, followed by the performance of the Index thereafter. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P 500® Financials Index to the S&P 500® Index to reflect that the S&P 500® 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. 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 S&P 500® Financials Index to the S&P 500® Index to reflect that the S&P 500® 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 Dow Jones U.S. Real Estate Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P 500® Property & Casualty Index to the  S&P 500® Index to reflect that the  S&P 500® 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 S&P Composite 1500® Commercial Banks Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P Composite 1500® Biotechnology Index to the NASDAQ® Composite Index to reflect that the NASDAQ® Composite 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 S&P 500® Enhanced Value Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P 500® Low Volatility Rate Response Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P 500® High Beta Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P 500® Low Volatility High Dividend Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P 500® Low Volatility Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P 500® Minimum Volatility Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P 500® Revenue-Weighted Index to the S&P 500® Index to reflect that the S&P 500® 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 S&P MidCap 400® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P MidCap 400® Revenue-Weighted Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P MidCap 400® Low Volatility Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Revenue-Weighted Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Low Volatility High Dividend Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Low Volatility Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Quality Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P SmallCap 600® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® 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 S&P 900® Index to the S&P Composite 1500® Index to reflect that the S&P Composite 1500® Index can be considered more broadly representative of the overall applicable securities market. “Other Expenses” have been restated to reflect current fees. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the MSCI World Growth Index (Net) to the MSCI ACWI (Net) to reflect that the MSCI ACWI (Net) can be considered more broadly representative of the overall applicable securities market. Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund. The Blended-ICE BofA California Long-Term Core Plus Municipal Securities Index reflects the performance of the Fund’s prior underlying index, The BofA Merrill Lynch California Insured Long-Term Core Plus Municipal Securities Index, for the period prior to July 8, 2014, and the Underlying Index thereafter. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal 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. 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 Municipal 1-Year Bond Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal Bond Index can be considered more broadly representative of the overall applicable securities market. The Blended - ICE US Municipal AMT-Free VRDO Constrained Index reflects the performance of the Bloomberg U.S. Municipal AMT-Free Weekly VRDO Index, the previous underlying index, through March 24, 2021, and the Underlying Index thereafter. Prior to its commencement date of July 30, 2019, 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 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. The Blended—ICE BofA National Long-Term Core Plus Municipal Securities Index reflects the performance of the Fund’s prior underlying index, The BofA Merrill Lynch National Insured Long-Term Core Plus Municipal Securities Index, for the period prior to July 8, 2014, and the Underlying Index thereafter. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal Bond Index can be considered more broadly representative of the overall applicable securities market. Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund. The Blended - ICE BofA New York Long-Term Core Plus Municipal Securities Index reflects the performance of the Fund’s prior underlying index The BofA Merrill Lynch New York Insured Long-Term Core Plus Municipal Securities Index, for the period prior to July 8, 2014, and the Underlying Index thereafter. Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the Bloomberg Municipal Bond 20 Year Index to the Bloomberg Municipal Bond Index to reflect that the Bloomberg Municipal 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. 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 S&P U.S. Preferred Stock 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. Through August 31, 2026, Invesco Capital Management LLC (the “Adviser”) has contractually agreed to waive a portion of the Fund’s management fee in an amount equal to 100% of the net advisory fees an affiliate of the Adviser receives that are attributable to certain of the Fund’s investments in money market funds managed by that affiliate. This waiver will have the effect of reducing the Acquired Fund Fees and Expenses that are indirectly borne by the Fund. The Adviser cannot discontinue this waiver prior to its expiration. 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 Morningstar LSTA US Leveraged Loan Index (USD) 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. Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the ICE U.S. Treasury Short Bond 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. Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the ICE BofA U.S. Corporate Master 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. The Blended—ICE BofA US Taxable Municipal Securities Plus Index reflects the performance of the ICE BofA Build America Bond Index, the previous underlying index, for the period prior to May 31, 2017, and the Underlying Index thereafter. Prior to its commencement date of December 1, 2015, performance for the Underlying Index is not available. Prior to its commencement date of March 5, 2021, performance for the Underlying Index is not available. The Blended - ICE Variable Rate Preferred & Hybrid Securities Index reflects the performance of the Wells Fargo® Hybrid and Preferred Securities Floating and Variable Rate Index, the previous underlying index, for the period from the Fund's inception through June 30, 2021, and the Underlying Index thereafter. Prior to July 1, 2022, index returns reflect no deduction for fees, expenses or taxes. Effective July 1, 2022, index returns reflect no deduction for taxes, but include transaction costs (as determined and calculated by the index provider), which may be higher or lower than the actual transaction costs incurred by the Fund. Effective August 31, 2024, the Fund changed its broad-based securities market benchmark from the S&P U.S. Preferred Stock 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.