| Conv. | – Convertible |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| LIBOR | – London Interbank Offered Rate |
| PIK | – Pay-in-Kind |
| REIT | – Real Estate Investment Trust |
| USD | – U.S. Dollar |
| (a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
| (b) | Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage. |
| (c) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2020 was $77,878,766, which represented 81.39% of the Trust’s Net Assets. |
| (d) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2020 was $2,094,154, which represented 2.19% of the Trust’s Net Assets. |
| (e) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| (f) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
| (g) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
| (h) | Perpetual bond with no specified maturity date. |
| (i) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
| (j) | Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. |
| (k) | Variable rate senior loan interests are, at present, not readily marketable, not registered under the 1933 Act and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Trust’s portfolio generally have variable rates which adjust to a base, such as the London Interbank Offered Rate (“LIBOR”), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. |
| (l) | Non-income producing security. |
| (m) | Affiliated issuer. The issuer and/or the Trust is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Trust’s transactions in, and earnings from, its investments in affiliates for the nine months ended November 30, 2020. |
| Value February 29, 2020 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value November 30, 2020 | Dividend Income | |
| Investments in Affiliated Money Market Funds: | |||||||
| Invesco Government & Agency Portfolio, Institutional Class | $1,845,572 | $11,752,150 | $(11,890,616) | $- | $- | $1,707,106 | $1,242 |
| Invesco Liquid Assets Portfolio, Institutional Class | 1,421,814 | 8,955,730 | (9,158,230) | (366) | 20 | 1,218,968 | 2,022 |
| Invesco Treasury Portfolio, Institutional Class | 2,109,226 | 13,431,028 | (13,589,276) | - | - | 1,950,978 | 1,320 |
| Total | $5,376,612 | $34,138,908 | $(34,638,122) | $(366) | $20 | $4,877,052 | $4,584 |
| (n) | The rate shown is the 7-day SEC standardized yield as of November 30, 2020. |
| Open Forward Foreign Currency Contracts | ||||||
| Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
| Deliver | Receive | |||||
| Currency Risk | ||||||
| 02/17/2021 | Citibank N.A. | EUR | 1,200,000 | USD | 1,422,397 | $(12,074) |
| 02/17/2021 | Deutsche Bank AG | GBP | 245,000 | USD | 324,778 | (2,114) |
| 02/17/2021 | Goldman Sachs & Co. | GBP | 257,000 | USD | 338,712 | (4,192) |
| 02/17/2021 | Toronto Dominion Bank | EUR | 115,000 | USD | 136,849 | (621) |
| Total Forward Foreign Currency Contracts | $(19,001) | |||||
| Abbreviations: | |
| EUR | —Euro |
| GBP | —British Pound Sterling |
| USD | —U.S. Dollar |
| Level 1 | Level 2 | Level 3 | Total | |
| Investments in Securities | ||||
| U.S. Dollar Denominated Bonds & Notes | $— | $116,632,213 | $0 | $116,632,213 |
| Non-U.S. Dollar Denominated Bonds & Notes | — | 2,512,878 | — | 2,512,878 |
| Variable Rate Senior Loan Interests | — | 833,636 | — | 833,636 |
| Asset-Backed Securities | — | 443,605 | — | 443,605 |
| Common Stocks & Other Equity Interests | 115,102 | — | — | 115,102 |
| Money Market Funds | 4,877,052 | — | — | 4,877,052 |
| Total Investments in Securities | 4,992,154 | 120,422,332 | 0 | 125,414,486 |
| Other Investments - Liabilities* | ||||
| Forward Foreign Currency Contracts | — | (19,001) | — | (19,001) |
| Total Investments | $4,992,154 | $120,403,331 | $0 | $125,395,485 |
| * | Unrealized appreciation (depreciation). |