Invesco MSCI USA ETF

Invesco Exchange-Traded Fund Trust II · Series S000058746 · 1 share classes

Equity fund · 100% stocks
One fund, 1 share classes:PBUS
$10.20B NAV
547 positions · as of 2026-02-28 · filed 2026-04-28
data updated 2026-08-17

Fund profile

As filed in the prospectus · 2025 Q4

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).

Strategy · summarised

The fund invests in all 545 securities of the MSCI USA Index in proportion to their weightings, which are based on free float-adjusted market capitalization and cover approximately 85% of the U.S. equity market. The fund's holdings and sector exposure will shift as the relative market values of index constituents change over time.

Expenses
0.04%one share class
Share classExpense ratio
PBUS0.04%

Portfolio turnover 3.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

101.50%
of net assets
Stocks99.82%
Cash & short-term1.68%

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 3 new2 exited

New: Invesco Government & Agency Portfolio, AMCR, PNFP

Exited: Kellanova, Amcor PLC

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Mar 2023 – Feb 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA Corp.NVDA7.19%$733.41M
Apple Inc.AAPL6.55%$667.73M
Microsoft Corp.MSFT4.63%$472.29M
Amazon.com, Inc.AMZN3.37%$343.29M
Alphabet Inc.GOOGL3.03%$308.89M
Alphabet Inc.GOOG2.54%$259.26M
Broadcom Inc.AVGO2.39%$244.15M
Meta Platforms, Inc.META2.35%$239.53M
Tesla, Inc.TSLA1.90%$193.76M
Eli Lilly and Co.LLY1.41%$144.11M
Showing 10 of 547Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-02-28 — not a live quote, and not what the fund paid.

Top 10 positions are 35.35% of net assets, top 25 48.47%, across 544 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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