Invesco Ltd. reports beneficial ownership of 6,133,105 shares (16.4%) of Invesco RAFI Developed Markets ex-US ETF. The filing states these shares are held of record by clients of Invesco Ltd. and that Invesco Ltd. has sole voting and dispositive power over 6,133,105 shares.
The filing identifies the reporting entity as Invesco Ltd. (Bermuda) and references Invesco Advisers, Inc. as the relevant subsidiary. The filing is signed by the Global Head of Compliance on 05/06/2026.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed; voting and dispositive rights held by parent.
The filing shows 6,133,105 shares beneficially owned, representing 16.4% of the class; these shares are recorded as held for clients of the firm. The filing also states sole voting and dispositive power over those shares.
Holder-level economic ownership is clarified: "no one individual has greater than 5% economic ownership," and the shareholders of the Fund hold dividend and sale proceeds rights. Subsequent filings may state if any client-level concentration changes.
Disclosure aligns with parent/subsidiary reporting for investment advisers.
The schedule identifies the parent (Invesco Ltd.) and a relevant subsidiary (Invesco Advisers, Inc.) consistent with Schedule 13G/A guidance for parent holding companies. It also clarifies shares are held of record by clients of Invesco Ltd.
Qualifying statements about client economic ownership and dividend rights are included; cash‑flow treatment and beneficiary identities are not listed in the excerpt.
Key Figures
Beneficial ownership:6,133,105 sharesPercent of class:16.4%Sole voting power:6,133,105 shares+2 more
5 metrics
Beneficial ownership6,133,105 sharesAmount beneficially owned as stated in Item 4
Percent of class16.4%Percent of class as stated in Item 4
Sole voting power6,133,105 sharesSole power to vote or direct the vote (Item 4(c)(i))
Sole dispositive power6,133,105 sharesSole power to dispose or direct disposition (Item 4(c)(iii))
CUSIP46138E743Issuer CUSIP as shown on cover
Key Terms
beneficially own, Schedule 13G/A, sole dispositive power
3 terms
beneficially ownregulatory
"may be deemed to beneficially own 6,133,105 shares of the Issuer"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Schedule 13G/Aregulatory
"Item 1. (a) Name of issuer: Invesco RAFI Developed Markets ex-US ETF"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 6,133,105"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Invesco RAFI Developed Markets ex-US ETF
(Name of Issuer)
Exchange Traded Fund
(Title of Class of Securities)
46138E743
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
46138E743
1
Names of Reporting Persons
Invesco Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6,133,105.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
6,133,105.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,133,105.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
16.4 %
12
Type of Reporting Person (See Instructions)
HC, IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Invesco RAFI Developed Markets ex-US ETF
(b)
Address of issuer's principal executive offices:
3500 Lacey Road, Suite 700, Downers Grove, IL 60515
Item 2.
(a)
Name of person filing:
Invesco Ltd. ("Invesco Ltd.")
(b)
Address or principal business office or, if none, residence:
1331 Spring Street NW, Suite 2500, Atlanta, GA 30309
(c)
Citizenship:
Bermuda
(d)
Title of class of securities:
Exchange Traded Fund
(e)
CUSIP No.:
46138E743
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Invesco Ltd., in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 6,133,105 shares of the Issuer which are held of record by clients of Invesco Ltd.
(b)
Percent of class:
16.4 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
6,133,105
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
6,133,105
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Invesco Advisers, Inc.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does Invesco Ltd. report in the Invesco RAFI Developed Markets ex-US ETF (IVZ)?
Invesco Ltd. reports beneficial ownership of 6,133,105 shares, equal to 16.4% of the class. The filing states these shares are held of record by clients and that Invesco Ltd. has sole voting and dispositive power.
Who holds voting and dispositive power over the reported shares?
The filing states Invesco Ltd. has sole voting power and sole dispositive power over 6,133,105 shares. The schedule identifies Invesco Advisers, Inc. as the subsidiary related to the reported holdings.
Does the filing identify beneficiaries or client owners of the shares?
No individual beneficiaries are named; the filing explains the shares are held of record by clients of Invesco Ltd. and states that no single individual has greater than 5% economic ownership of the Fund.
What statement about economic ownership and dividend rights is included?
The filing says the shareholders of the Fund have the right to receive dividends and proceeds from sales, and it affirms that no one individual holds greater than 5% economic ownership.
