Consolidated Schedule of Investments
May 31, 2024
(Unaudited)
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Variable Rate Senior Loan Interests104.68%(b)(c) |
||||||||||||||
Aerospace & Defense3.13% |
||||||||||||||
Brown Group Holding LLC (Signature Aviation US Holdings, Inc.) |
||||||||||||||
Incremental Term Loan B-2 (1 mo. SOFR + 3.00%) |
8.35% | 07/02/2029 | $ | 609 | $ 611,919 | |||||||||
Term Loan (1 mo. SOFR + 2.50%) |
8.18% | 06/07/2028 | 313 | 314,641 | ||||||||||
Castlelake Aviation Ltd. |
||||||||||||||
Incremental Term Loan (3 mo. SOFR + 2.50%) |
8.08% | 10/22/2027 | 1,164 | 1,170,456 | ||||||||||
Term Loan (1 mo. SOFR + 2.50%) |
7.83% | 10/22/2026 | 913 | 916,430 | ||||||||||
Dynasty Acquisition Co., Inc. |
||||||||||||||
Term Loan B-1 (1 mo. SOFR + 3.50%) |
8.83% | 08/24/2028 | 231 | 233,475 | ||||||||||
Term Loan B-2 (1 mo. SOFR + 3.50%) |
8.83% | 08/24/2028 | 89 | 90,022 | ||||||||||
Gogo Intermediate Holdings LLC, Term Loan (1 mo. SOFR + 3.75%) |
9.19% | 04/30/2028 | 443 | 442,892 | ||||||||||
KKR Apple Bidco LLC |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 2.75%) |
8.19% | 09/22/2028 | 454 | 456,509 | ||||||||||
First Lien Term Loan (1 mo. SOFR + 4.00%) |
8.83% | 09/22/2028 | 139 | 140,036 | ||||||||||
Ovation Parent, Inc. (Kaman), Term Loan B (1 mo. SOFR + 3.50%) |
8.83% | 04/21/2031 | 639 | 644,280 | ||||||||||
Peraton Corp. |
||||||||||||||
First Lien Term Loan B (1 mo. SOFR + 3.75%) |
9.18% | 02/01/2028 | 153 | 152,762 | ||||||||||
Second Lien Term Loan B-1 (3 mo. SOFR + 7.75%) |
13.18% | 02/01/2029 | 1,291 | 1,301,002 | ||||||||||
Propulsion (BC) Newco LLC (Spain), Term Loan (3 mo. SOFR + 4.00%) |
9.06% | 09/14/2029 | 1,069 | 1,078,657 | ||||||||||
Rand Parent LLC (Atlas Air), First Lien Term Loan B (1 mo. SOFR + 4.25%) |
9.56% | 03/17/2030 | 592 | 595,500 | ||||||||||
Titan Acquisition Holdings L.P., Term Loan (1 mo. SOFR + 4.00%) |
9.32% | 06/14/2030 | 666 | 670,914 | ||||||||||
TransDigm, Inc. |
||||||||||||||
Term Loan I (3 mo. SOFR + 2.75%) |
8.06% | 08/24/2028 | 2,592 | 2,606,168 | ||||||||||
Term Loan J (3 mo. SOFR + 3.25%) |
8.56% | 02/28/2031 | 347 | 348,585 | ||||||||||
11,774,248 | ||||||||||||||
Air Transport3.34% |
||||||||||||||
AAdvantage Loyality IP Ltd. (American Airlines, Inc.), Term Loan (3 mo. SOFR + 4.75%) |
10.34% | 04/20/2028 | 3,915 | 4,073,790 | ||||||||||
Air Canada (Canada), Term Loan B (1 mo. SOFR + 2.50%) |
7.83% | 03/21/2031 | 130 | 131,161 | ||||||||||
American Airlines, Inc. |
||||||||||||||
Term Loan (1 mo. SOFR + 2.75%) |
8.18% | 02/15/2028 | 795 | 796,603 | ||||||||||
Term Loan (1 mo. SOFR + 3.50%) |
8.77% | 06/04/2029 | 1,844 | 1,842,760 | ||||||||||
Avolon TLB Borrower 1 (US) LLC, Term Loan B-4 (1 mo. SOFR + 1.50%) |
6.92% | 02/12/2027 | 18 | 17,636 | ||||||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Term Loan (3 mo. SOFR + 5.25%) |
10.73% | 06/21/2027 | 801 | 820,185 | ||||||||||
United AirLines, Inc., Term Loan B (1 mo. SOFR + 2.75%) |
8.07% | 02/22/2031 | 2,740 | 2,754,427 | ||||||||||
WestJet Airlines Ltd. (Canada) |
||||||||||||||
Term Loan (3 mo. SOFR + 3.00%) |
8.43% | 12/11/2026 | 98 | 98,629 | ||||||||||
Term Loan (1 mo. SOFR + 3.75%) |
9.05% | 02/14/2031 | 2,023 | 2,036,047 | ||||||||||
12,571,238 | ||||||||||||||
Automotive4.98% |
||||||||||||||
Adient PLC, Term Loan B-2 (1 mo. SOFR + 2.75%) |
8.08% | 01/31/2031 | 863 | 870,781 | ||||||||||
Autokiniton US Holdings, Inc., Term Loan B (1 mo. SOFR + 4.00%) |
9.44% | 04/06/2028 | 1,271 | 1,283,388 | ||||||||||
Belron Group S.A., Incremental Term Loan (3 mo. Term SOFR + 2.25%) |
7.68% | 04/18/2029 | 442 | 444,589 | ||||||||||
Constellation Auto (CONSTE/BCA) (United Kingdom) |
||||||||||||||
First Lien Term Loan B-2 (6 mo. SONIA + 4.75%) |
9.94% | 07/28/2028 | GBP | 184 | 221,768 | |||||||||
Second Lien Term Loan B-1 (6 mo. SONIA + 7.50%) |
12.69% | 07/27/2029 | GBP | 481 | 446,744 | |||||||||
DexKo Global, Inc. |
||||||||||||||
Incremental First Lien Term Loan (1 mo. SOFR + 4.25%) |
9.56% | 10/04/2028 | 345 | 346,548 | ||||||||||
Revolver Loan(d)(e) |
0.00% | 10/04/2026 | 595 | 590,394 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Automotive(continued) |
||||||||||||||
Driven Holdings LLC, Term Loan (1 mo. SOFR + 3.00%) |
8.44% | 12/17/2028 | $ | 768 | $ 767,799 | |||||||||
Engineered Components & Systems LLC, Term Loan (1 mo. SOFR + 6.00%) |
11.33% | 08/30/2030 | 730 | 722,394 | ||||||||||
First Brands Group LLC |
||||||||||||||
First Lien Incremental Term Loan (3 mo. EURIBOR + 5.00%)(d) |
8.87% | 03/30/2027 | EUR | 310 | 335,100 | |||||||||
First Lien Incremental Term Loan (3 mo. SOFR + 5.00%) |
10.59% | 03/30/2027 | 2,367 | 2,354,991 | ||||||||||
First Lien Term Loan (3 mo. SOFR + 5.00%) |
10.59% | 03/30/2027 | 1,769 | 1,754,618 | ||||||||||
Second Lien Term Loan (3 mo. Term SOFR + 8.50%) |
14.14% | 03/30/2028 | 453 | 443,429 | ||||||||||
Highline Aftermarket Acquisition LLC, Term Loan (1 mo. SOFR + 4.50%) |
9.93% | 11/09/2027 | 1,524 | 1,530,216 | ||||||||||
LS Group OpCo Acquisition (Les Schwab Tire Centers), Term Loan B (1 mo. SOFR + 3.00%) |
8.33% | 04/23/2031 | 1,536 | 1,542,821 | ||||||||||
Mavis Tire Express Services Topco Corp., First Lien Term Loan (1 mo. SOFR + 3.75%) |
9.08% | 05/04/2028 | 2,043 | 2,058,462 | ||||||||||
Panther BF Aggregator 2 L.P.(Power Solutions, Clarios POWSOL) (Canada), First Lien Term Loan (1 mo. SOFR + 3.00%) |
8.33% | 05/06/2030 | 705 | 709,835 | ||||||||||
PowerStop LLC, Term Loan B (1 mo. SOFR + 4.75%) |
10.20% | 01/24/2029 | 623 | 606,941 | ||||||||||
Project Boost Purchaser LLC, Term Loan (1 mo. SOFR + 3.50%) |
8.94% | 05/30/2026 | 504 | 506,632 | ||||||||||
Wand NewCo 3, Inc., First Lien Term Loan (1 mo. SOFR + 3.75%) |
9.08% | 01/30/2031 | 1,167 | 1,177,695 | ||||||||||
18,715,145 | ||||||||||||||
Beverage & Tobacco1.72% |
||||||||||||||
AI Aqua Merger Sub, Inc., Term Loan B (1 mo. SOFR + 3.75%) |
9.32% | 07/31/2028 | 3,489 | 3,509,085 | ||||||||||
City Brewing Co. LLC |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 6.25%)(d) |
11.57% | 04/05/2028 | 604 | 609,757 | ||||||||||
Term Loan (3 mo. Term SOFR + 3.50%)(d) |
9.09% | 04/05/2028 | 1,388 | 1,277,060 | ||||||||||
Term Loan (3 mo. Term SOFR + 3.50%) |
10.59% | 04/14/2028 | 1,388 | 1,075,784 | ||||||||||
6,471,686 | ||||||||||||||
Brokers, Dealers & Investment Houses0.27% |
||||||||||||||
Creative Planning (CPI Holdco B LLC), Term Loan B (1 mo. SOFR + 2.00%) |
7.32% | 05/10/2031 | 1,008 | 1,009,201 | ||||||||||
Building & Development3.72% |
||||||||||||||
Chariot Buyer LLC, First Lien Term Loan (1 mo. SOFR + 3.75%) |
9.08% | 11/03/2028 | 805 | 809,675 | ||||||||||
Corialis (United Kingdom), Term Loan B (1 mo. SONIA + 4.40%) |
9.63% | 07/06/2028 | GBP | 109 | 136,045 | |||||||||
Empire Today LLC, Term Loan B (1 mo. SOFR + 5.00%) |
10.59% | 04/01/2028 | 2,746 | 1,991,865 | ||||||||||
Gulfside Supply, Inc., Term Loan B(d)(f) |
- | 05/31/2031 | 494 | 495,019 | ||||||||||
Icebox Holdco III, Inc. |
||||||||||||||
First Lien Term Loan (3 mo. SOFR + 3.75%) |
9.32% | 12/22/2028 | 1,129 | 1,132,707 | ||||||||||
Second Lien Term Loan (3 mo. SOFR + 6.75%)(d) |
12.32% | 12/21/2029 | 303 | 305,588 | ||||||||||
Interior Logic Group, Inc. (Signal Parent), Term Loan B (1 mo. SOFR + 3.50%) |
8.93% | 04/01/2028 | 1,055 | 944,494 | ||||||||||
IPS Corp./CP Iris Holdco, First Lien Term Loan (1 mo. SOFR + 3.50%) |
8.83% | 10/02/2028 | 552 | 554,149 | ||||||||||
Janus International Group LLC, Term Loan (1 mo. SOFR + 2.50%) |
7.83% | 08/03/2030 | 335 | 337,345 | ||||||||||
LHS Borrow LLC (Leaf Home Solutions), Term Loan (1 mo. SOFR + 4.75%) |
10.18% | 02/16/2029 | 1,977 | 1,906,417 | ||||||||||
MI Windows and Doors LLC, Term Loan B (1 mo. SOFR + 3.50%) |
8.83% | 03/28/2031 | 686 | 692,274 | ||||||||||
Oldcastle BuildingEnvelope, Inc., Term Loan B (3 mo. SOFR + 4.50%) |
9.90% | 04/29/2029 | 1,223 | 1,226,259 | ||||||||||
Platea (BC) Bidco AB |
||||||||||||||
Delayed Draw Term Loan B(e) |
0.00% | 04/02/2031 | EUR | 29 | 31,410 | |||||||||
Term Loan B (3 mo. EURIBOR + 4.50%) |
8.41% | 04/02/2031 | EUR | 144 | 157,048 | |||||||||
Quikrete Holdings, Inc. |
||||||||||||||
First Lien Term Loan (1 mo. Term SOFR + 2.25%) |
8.07% | 02/01/2027 | 729 | 732,209 | ||||||||||
Term Loan B (1 mo. SOFR + 2.25%) |
7.58% | 03/19/2029 | 1,464 | 1,470,584 | ||||||||||
Term Loan B (1 mo. SOFR + 2.50%) |
7.83% | 04/14/2031 | 514 | 516,380 | ||||||||||
RE/MAX LLC, Term Loan (1 mo. SOFR + 2.50%) |
7.94% | 07/21/2028 | 289 | 274,703 | ||||||||||
SRS Distribution, Inc., Term Loan (3 mo. SOFR + 3.50%) |
8.68% | 06/02/2028 | 280 | 282,134 | ||||||||||
13,996,305 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Business Equipment & Services12.30% |
||||||||||||||
Aegion Corp., Term Loan (1 mo. Term SOFR + 4.25%) |
9.58% | 05/17/2028 | $ | 152 | $ 152,990 | |||||||||
Allied Universal Holdco LLC (USAGM Holdco LLC/UNSEAM), Term Loan (1 mo. SOFR + 3.75%) |
9.18% | 05/12/2028 | 1,863 | 1,865,238 | ||||||||||
Alter Domus (Chrysaor Bidco S.a.r.l.) |
||||||||||||||
Delayed Draw Term Loan(e) |
0.00% | 05/14/2031 | 21 | 20,698 | ||||||||||
Term Loan B(f) |
- | 05/14/2031 | 278 | 279,871 | ||||||||||
Boost Newco Borrower LLC (WorldPay), Term Loan (1 mo. SOFR + 3.00%) |
8.31% | 01/31/2031 | 1,564 | 1,572,573 | ||||||||||
Checkout Holding Corp. (Catalina Marketing), Term Loan (3 mo. SOFR + 9.50%) |
14.82% | 05/10/2027 | 172 | 90,077 | ||||||||||
Cimpress USA, Inc. |
||||||||||||||
Term Loan B (1 mo. SOFR + 3.00%) |
8.32% | 05/17/2028 | 1,004 | 1,005,855 | ||||||||||
Term Loan B (1 mo. SOFR + 3.50%) |
8.93% | 05/17/2028 | 989 | 991,323 | ||||||||||
Cloud Software Group, Inc. |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 4.50%) |
9.93% | 03/21/2031 | 606 | 609,759 | ||||||||||
First Lien Term Loan B (1 mo. SOFR + 4.50%) |
9.91% | 03/30/2029 | 1,126 | 1,132,007 | ||||||||||
Constant Contact, Inc. |
||||||||||||||
Second Lien Term Loan (3 mo. SOFR + 7.50%) |
13.06% | 02/12/2029 | 587 | 547,943 | ||||||||||
Term Loan (1 mo. SOFR + 4.00%) |
9.56% | 02/10/2028 | 1,354 | 1,342,226 | ||||||||||
Corporation Service Co., Term Loan B (1 mo. SOFR + 2.75%) |
8.08% | 11/02/2029 | 876 | 880,934 | ||||||||||
CRCI Longhorn Holdings, Inc. |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 3.50%) |
8.92% | 08/08/2025 | 282 | 282,162 | ||||||||||
Second Lien Term Loan (1 mo. SOFR + 7.25%) |
12.68% | 08/10/2026 | 72 | 70,502 | ||||||||||
Deerfield Dakota Holding Corp. |
||||||||||||||
First Lien Term Loan (3 mo. SOFR + 3.75%) |
9.06% | 04/09/2027 | 1,159 | 1,161,111 | ||||||||||
Second Lien Term Loan (3 mo. SOFR + 6.75%) |
12.32% | 04/07/2028 | 541 | 542,896 | ||||||||||
Dun & Bradstreet Corp. (The), Incremental Term Loan B-2 (1 mo. SOFR + 2.75%) |
8.07% | 01/18/2029 | 2,127 | 2,136,669 | ||||||||||
Garda World Security Corp. (Canada), Term Loan (1 mo. SOFR + 4.25%) |
9.58% | 02/01/2029 | 3,121 | 3,154,736 | ||||||||||
GI Revelation Acquisition LLC, First Lien Term Loan (1 mo. SOFR + 4.00%) |
9.44% | 05/12/2028 | 2,881 | 2,881,766 | ||||||||||
I-Logic Tech Bidco Ltd. (Acuris) (United Kingdom), Term Loan (3 mo. SOFR + 4.00%) |
9.45% | 02/16/2028 | 1,051 | 1,055,756 | ||||||||||
ION Trading Technologies S.a.r.l. (Luxembourg) |
||||||||||||||
Term Loan (3 mo. EURIBOR + 4.25%) |
8.15% | 04/01/2028 | EUR | 514 | 543,688 | |||||||||
Term Loan (3 mo. SOFR + 4.75%) |
10.15% | 04/01/2028 | 284 | 284,222 | ||||||||||
Iron Mountain Information Management LLC, Incremental Term Loan B (1 mo. SOFR + 2.25%) |
7.58% | 01/31/2031 | 662 | 662,851 | ||||||||||
KronosNet CX Bidco (Comspa Konecta) (Spain), Term Loan B (6 mo. EURIBOR + 5.75%) |
9.60% | 09/30/2029 | EUR | 99 | 93,539 | |||||||||
Learning Care Group (US) No. 2, Inc., Term Loan (1 mo. SOFR + 4.75%) |
10.07% | 08/11/2028 | 301 | 303,125 | ||||||||||
Monitronics International, Inc., Term Loan B (3 mo. SOFR + 7.50%) |
13.09% | 06/30/2028 | 4,483 | 4,475,055 | ||||||||||
NAS LLC (d.b.a. Nationwide Marketing Group) |
||||||||||||||
Revolver Loan (3 mo. SOFR + 6.50%)(d) |
11.98% | 06/02/2025 | 257 | 252,176 | ||||||||||
Revolver Loan(e) |
0.00% | 06/02/2025 | 257 | 252,176 | ||||||||||
Term Loan (3 mo. SOFR + 6.50%)(d) |
11.98% | 06/03/2024 | 4,881 | 4,793,471 | ||||||||||
Term Loan (3 mo. SOFR + 6.50%)(d) |
11.98% | 06/03/2024 | 1,695 | 1,664,244 | ||||||||||
Term Loan (3 mo. SOFR + 6.50%)(d) |
11.98% | 06/03/2024 | 927 | 910,627 | ||||||||||
OCM System One Buyer CTB LLC, Term Loan (3 mo. SOFR + 4.00%)(d) |
9.46% | 03/02/2028 | 726 | 729,732 | ||||||||||
Orchid Merger Sub II LLC, Term Loan (1 mo. SOFR + 4.75%) |
10.18% | 07/27/2027 | 1,508 | 923,885 | ||||||||||
Prometric Holdings, Inc., Term Loan (3 mo. SOFR + 3.00%) |
10.19% | 01/31/2028 | 884 | 890,834 | ||||||||||
Protect America, Revolver Loan(d) |
0.00% | 09/01/2024 | 190 | 172,811 | ||||||||||
Ryan LLC (Ryan Tax) |
||||||||||||||
Delayed Draw Term Loan(e) |
0.00% | 11/14/2030 | 29 | 29,106 | ||||||||||
Term Loan (1 mo. SOFR + 4.50%) |
8.83% | 11/14/2030 | 389 | 391,531 | ||||||||||
Sitel Worldwide Corp., Term Loan (1 mo. SOFR + 3.75%) |
9.19% | 08/28/2028 | 913 | 725,636 | ||||||||||
Skillsoft Corp., Term Loan (1 mo. SOFR + 4.75%) |
10.69% | 07/14/2028 | 500 | 409,265 | ||||||||||
Solera (Polaris Newco LLC), First Lien Term Loan (1 mo. SONIA + 5.25%) |
10.45% | 06/02/2028 | GBP | 231 | 282,440 | |||||||||
Spin Holdco, Inc., Term Loan (3 mo. SOFR + 4.00%) |
9.59% | 03/04/2028 | 4,957 | 4,302,046 | ||||||||||
Tempo Acquisition LLC, Incremental Term Loan (1 mo. Term SOFR + 2.25%) |
8.08% | 08/31/2028 | 248 | 248,522 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Business Equipment & Services(continued) |
||||||||||||||
Thermostat Purchaser III, Inc., First Lien Term Loan (1 mo. SOFR + 4.50%)(d) |
10.00% | 08/31/2028 | $ | 642 | $ 645,525 | |||||||||
UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 4.75%)(d) |
11.17% | 03/20/2027 | 522 | 456,399 | ||||||||||
46,219,998 | ||||||||||||||
Cable & Satellite Television1.93% |
||||||||||||||
Altice Financing S.A. (Altice-Intl) (Luxembourg), Term Loan (3 mo. Term SOFR + 5.00%) |
10.33% | 10/31/2027 | 200 | 175,891 | ||||||||||
Atlantic Broadband Finance LLC (Cogeco) |
||||||||||||||
Incremental Term Loan B (1 mo. SOFR + 2.50%) |
7.94% | 09/01/2028 | 77 | 75,402 | ||||||||||
Term Loan B-1 (1 mo. SOFR + 3.25%) |
8.58% | 09/18/2030 | 691 | 677,879 | ||||||||||
Numericable-SFR S.A. (France) |
||||||||||||||
Incremental Term Loan B-13 (1 mo. SOFR + 4.00%) |
9.58% | 08/14/2026 | 521 | 422,389 | ||||||||||
Term Loan B-11 (1 mo. SOFR + 2.75%) |
8.34% | 07/31/2025 | 494 | 432,711 | ||||||||||
Telenet - LG, Term Loan AR (1 mo. SOFR + 2.00%) |
7.43% | 04/30/2028 | 205 | 197,408 | ||||||||||
UPC - LG (Sunrise) |
||||||||||||||
Term Loan AT (1 mo. SOFR + 2.25%) |
7.68% | 04/30/2028 | 193 | 190,139 | ||||||||||
Term Loan AX (1 mo. SOFR + 2.93%) |
8.43% | 01/31/2029 | 1,827 | 1,826,955 | ||||||||||
Virgin Media 02 - LG (United Kingdom) |
||||||||||||||
Term Loan Q (1 mo. SOFR + 3.25%) |
8.68% | 01/31/2029 | 2,443 | 2,395,046 | ||||||||||
Term Loan Y (1 mo. SOFR + 3.25%) |
8.66% | 03/31/2031 | 881 | 853,284 | ||||||||||
Vodafone Ziggo - LG, Term Loan I (1 mo. SOFR + 2.50%) |
7.93% | 04/30/2028 | 22 | 21,672 | ||||||||||
7,268,776 | ||||||||||||||
Chemicals & Plastics8.92% |
||||||||||||||
A&R Logistics Holdings, Inc. (Quantix), Incremental Term Loan (3 mo. Term SOFR + 6.75%)(d) |
12.20% | 05/03/2025 | 1,989 | 1,954,928 | ||||||||||
A-Gas Finco, Inc., Term Loan (1 mo. SOFR + 5.25%) |
10.56% | 12/14/2029 | 1,126 | 1,090,742 | ||||||||||
AkzoNobel Chemicals |
||||||||||||||
Term Loan B (3 mo. Term SOFR + 3.50%) |
8.82% | 04/03/2028 | 962 | 971,231 | ||||||||||
Term Loan B (1 mo. SOFR + 3.50%) |
8.83% | 04/03/2028 | 961 | 968,676 | ||||||||||
Aruba Investments, Inc. |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 4.00%) |
9.43% | 11/24/2027 | 150 | 149,526 | ||||||||||
Second Lien Term Loan (1 mo. SOFR + 7.75%) |
13.18% | 11/24/2028 | 611 | 593,917 | ||||||||||
Arxada (Herens Holdco S.a r.l./ Lonza) (Switzerland), Term Loan B (3 mo. EURIBOR + 3.93%) |
7.83% | 07/03/2028 | EUR | 184 | 191,323 | |||||||||
Ascend Performance Materials Operations LLC, Term Loan (6 mo. SOFR + 4.75%) |
10.07% | 08/27/2026 | 2,456 | 2,454,358 | ||||||||||
Axalta Coating Systems U.S. Holdings, Inc., Term Loan B-6 (3 mo. Term SOFR + 2.00%) |
7.33% | 12/20/2029 | 1,107 | 1,113,115 | ||||||||||
Caldic (Pearls BidCo) (Netherlands), Term Loan B (1 mo. SOFR + 4.00%) |
9.33% | 02/26/2029 | 778 | 779,873 | ||||||||||
Charter NEX US, Inc., First Lien Term Loan (1 mo. Term SOFR + 3.50%) |
8.83% | 12/01/2027 | 1,186 | 1,192,371 | ||||||||||
Chemours Co. (The), Term Loan B-3 (1 mo. SOFR + 3.50%) |
8.83% | 08/18/2028 | 1,556 | 1,568,540 | ||||||||||
Composite Resins Holding B.V. (AOC), Term Loan (1 mo. SOFR + 4.25%) |
9.68% | 10/15/2028 | 1,080 | 1,084,917 | ||||||||||
Derby Buyer LLC (Delrin), Term Loan B (1 mo. SOFR + 3.50%) |
8.82% | 11/01/2030 | 673 | 676,629 | ||||||||||
Discovery Purchaser Corp. (BES) |
||||||||||||||
First Lien Term Loan (3 mo. SOFR + 4.38%) |
9.68% | 10/04/2029 | 1,331 | 1,332,970 | ||||||||||
Second Lien Term Loan (1 mo. SOFR + 7.00%) |
12.31% | 10/04/2030 | 347 | 336,601 | ||||||||||
Eastman Tire Additives (River Buyer, Inc.), First Lien Term Loan (1 mo. SOFR + 5.25%) |
10.82% | 11/01/2028 | 1,544 | 1,497,454 | ||||||||||
Flint Group (ColourOz Inv) (Germany) |
||||||||||||||
PIK Term Loan B, 6.90% PIK Rate, 5.69% Cash Rate(g) |
6.90% | 12/31/2027 | 19 | 3,326 | ||||||||||
Term Loan (1 mo. SOFR + 8.26%) |
13.59% | 06/30/2026 | 3 | 2,729 | ||||||||||
Fusion (Fusion UK Holding Ltd. & US HoldCo VAD, Inc.), Term Loan (3 mo. SOFR + 3.75%) |
9.46% | 05/29/2029 | 273 | 274,664 | ||||||||||
ICP Group Holdings LLC (CPC Acquisition), First Lien Term Loan (1 mo. SOFR + 3.75%) |
9.32% | 12/29/2027 | 463 | 392,222 | ||||||||||
INEOS Enterprises Holdings US Finco LLC (United Kingdom), Term Loan B (1 mo. SOFR + 3.75%) |
9.20% | 07/08/2030 | 993 | 999,648 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Chemicals & Plastics(continued) |
||||||||||||||
Ineos Quattro (STYRO) (United Kingdom) |
||||||||||||||
Term Loan B (1 mo. SOFR + 4.25%) |
9.68% | 04/02/2029 | $ | 1,157 | $ 1,159,689 | |||||||||
Term Loan B (1 mo. SOFR + 3.75%) |
9.18% | 03/14/2030 | 370 | 371,438 | ||||||||||
Ineos US Finance LLC |
||||||||||||||
Term Loan (1 mo. SOFR + 3.75%) |
9.18% | 11/08/2027 | 481 | 482,830 | ||||||||||
Term Loan (1 mo. SOFR + 2.50%) |
7.93% | 11/08/2028 | 147 | 147,570 | ||||||||||
Term Loan (1 mo. SOFR + 3.50%) |
8.93% | 02/18/2030 | 993 | 997,429 | ||||||||||
Term Loan (1 mo. SOFR + 3.75%) |
9.08% | 02/07/2031 | 891 | 896,988 | ||||||||||
Lummus Technology Holdings V LLC (Illuminate Buyer LLC), Term Loan B (1 mo. SOFR + 3.50%) |
8.94% | 12/31/2029 | 462 | 465,684 | ||||||||||
Oxea Corp. (OQ Chemicals), Term Loan B-2 (1 mo. SOFR + 3.25%) |
8.91% | 10/14/2024 | 1,175 | 1,095,739 | ||||||||||
Potters Industries, Term Loan B (1 mo. SOFR + 3.75%) |
9.05% | 12/14/2027 | 596 | 601,376 | ||||||||||
Proampac PG Borrower LLC, Term Loan B (1 mo. SOFR + 4.00%) |
9.33% | 09/15/2028 | 1,704 | 1,717,124 | ||||||||||
Trinseo Materials Operating S.C.A. |
||||||||||||||
Incremental Term Loan (1 mo. SOFR + 2.50%) |
8.11% | 05/03/2028 | 1,595 | 1,315,953 | ||||||||||
Term Loan A (3 mo. Term SOFR + 8.50%) |
13.81% | 05/03/2028 | 233 | 244,847 | ||||||||||
Term Loan B (3 mo. Term SOFR + 8.50%) |
13.81% | 05/03/2028 | 1,712 | 1,801,711 | ||||||||||
Tronox Finance LLC, Term Loan B (1 mo. SOFR + 2.75%) |
8.08% | 04/04/2029 | 487 | 490,163 | ||||||||||
Univar, Inc., Term Loan B (1 mo. SOFR + 4.00%) |
9.32% | 08/01/2030 | 1,539 | 1,559,080 | ||||||||||
W. R. Grace Holdings LLC, Term Loan (3 mo. SOFR + 3.75%) |
9.32% | 09/22/2028 | 562 | 565,112 | ||||||||||
33,542,493 | ||||||||||||||
Clothing & Textiles0.77% |
||||||||||||||
ABG Intermediate Holdings 2 LLC, First Lien Term Loan B-1 (1 mo. SOFR + 3.50%) |
8.93% | 12/21/2028 | 2,238 | 2,254,681 | ||||||||||
BK LC Lux SPV S.a.r.l. (Birkenstock), Term Loan B (1 mo. SOFR + 3.25%) |
8.84% | 04/28/2028 | 635 | 639,189 | ||||||||||
2,893,870 | ||||||||||||||
Conglomerates0.25% |
||||||||||||||
APi Group DE, Inc., Term Loan B (1 mo. SOFR + 2.00%) |
7.33% | 12/18/2028 | 952 | 955,778 | ||||||||||
Containers & Glass Products2.69% |
||||||||||||||
Berlin Packaging LLC |
||||||||||||||
Term Loan B-5 (3 mo. SOFR + 3.75%) |
9.18% | 03/11/2028 | 1,074 | 1,077,794 | ||||||||||
Term Loan B-7(f) |
- | 05/09/2031 | 605 | 606,817 | ||||||||||
Brook & Whittle Holding Corp., First Lien Term Loan (3 mo. SOFR + 4.00%) |
9.50% | 12/14/2028 | 792 | 743,034 | ||||||||||
Duran Group (Blitz/DWK) (Germany), Term loan C-2 (1 mo. SOFR + 5.40%) |
10.72% | 05/31/2026 | 1,998 | 1,900,645 | ||||||||||
Keter Group B.V. (Netherlands) |
||||||||||||||
Term Loan (1 mo. EURIBOR + 8.00%)(d) |
11.90% | 12/31/2024 | EUR | 83 | 92,039 | |||||||||
Term Loan (3 mo. EURIBOR + 5.00%) |
3.89% | 12/31/2029 | EUR | 1,291 | 1,114,301 | |||||||||
Term Loan (3 mo. EURIBOR + 4.75%) |
8.61% | 12/31/2029 | EUR | 1,212 | 1,286,551 | |||||||||
Libbey Glass LLC, Incremental Term Loan (3 mo. Term SOFR + 6.65%) |
11.97% | 11/22/2027 | 1,767 | 1,703,112 | ||||||||||
Logoplaste (Mar Bidco S.a.r.l.) (Portugal), Term Loan B (1 mo. SOFR + 4.30%) |
9.51% | 07/07/2028 | 412 | 404,058 | ||||||||||
Mold-Rite Plastics LLC (Valcour Packaging LLC), First Lien Term Loan (1 mo. SOFR + 3.75%) |
9.19% | 10/04/2028 | 1,380 | 864,593 | ||||||||||
Pegasus BidCo B.V. (Netherlands), Term Loan (1 mo. SOFR + 3.75%) |
9.07% | 07/12/2029 | 297 | 299,075 | ||||||||||
10,092,019 | ||||||||||||||
Cosmetics & Toiletries1.02% |
||||||||||||||
Bausch and Lomb, Inc. |
||||||||||||||
Incremental Term Loan (1 mo. SOFR + 4.00%) |
9.33% | 09/14/2028 | 655 | 656,048 | ||||||||||
Term Loan (1 mo. SOFR + 3.25%) |
8.67% | 05/10/2027 | 2,407 | 2,387,608 | ||||||||||
Rodenstock (Germany), Term Loan B (3 mo. EURIBOR + 5.00%) |
8.87% | 06/29/2028 | EUR | 765 | 787,977 | |||||||||
3,831,633 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Drugs0.00% |
||||||||||||||
Grifols Worldwide Operations USA, Inc., Term Loan B (3 mo. SOFR + 2.00%) |
7.46% | 11/15/2027 | $ | 5 | $ 4,707 | |||||||||
Ecological Services & Equipment1.32% |
||||||||||||||
Anticimex Global AB (Sweden) |
||||||||||||||
Term Loan B-1 (3 mo. SOFR + 3.50%) |
8.46% | 11/16/2028 | 70 | 70,587 | ||||||||||
Term Loan B-2 (1 mo. SOFR + 4.75%) |
8.81% | 11/16/2028 | 233 | 235,251 | ||||||||||
Term Loan B-4 (3 mo. SOFR + 4.00%) |
8.71% | 11/16/2028 | 406 | 410,006 | ||||||||||
Term Loan B-6(f) |
- | 11/16/2028 | 96 | 96,977 | ||||||||||
EnergySolutions LLC, Term Loan (1 mo. SOFR + 4.00%) |
9.08% | 09/18/2030 | 1,146 | 1,160,443 | ||||||||||
GFL Environmental, Inc., Term Loan A (1 mo. SOFR + 2.50%) |
7.83% | 05/31/2027 | 202 | 203,636 | ||||||||||
Groundworks LLC |
||||||||||||||
Delayed Draw Term Loan (1 mo. SOFR + 3.50%) |
8.83% | 03/14/2031 | 28 | 27,669 | ||||||||||
Delayed Draw Term Loan(e) |
0.00% | 03/14/2031 | 145 | 145,258 | ||||||||||
Revolver Loan(d)(e) |
0.00% | 03/14/2029 | 50 | 49,666 | ||||||||||
Term Loan (1 mo. SOFR + 3.50%) |
8.82% | 03/14/2031 | 936 | 939,568 | ||||||||||
OGF (VESCAP/Obol France 3/PHM) (France), Term Loan B-2 (6 mo. EURIBOR + 4.75%) |
8.58% | 12/31/2025 | EUR | 166 | 172,836 | |||||||||
Patriot Container Corp., First Lien Term Loan (1 mo. SOFR + 3.75%) |
9.18% | 03/20/2025 | 1,113 | 1,075,624 | ||||||||||
TruGreen L.P., Second Lien Term Loan (3 mo. SOFR + 8.76%) |
14.09% | 11/02/2028 | 488 | 385,763 | ||||||||||
4,973,284 | ||||||||||||||
Electronics & Electrical8.83% |
||||||||||||||
Applied Systems, Inc., First Lien Term Loan (3 mo. Term SOFR + 5.50%) |
8.81% | 02/24/2031 | 78 | 78,777 | ||||||||||
AppLovin Corp., Term Loan (1 mo. Term SOFR + 2.50%) |
7.83% | 10/25/2028 | 970 | 975,836 | ||||||||||
AQA Acquisition Holding, Inc. (SmartBear), First Lien Term Loan (3 mo. SOFR + 4.25%) |
9.84% | 03/03/2028 | 188 | 188,743 | ||||||||||
Boxer Parent Co., Inc., Term Loan (1 mo. SOFR + 4.25%) |
9.33% | 12/29/2028 | 216 | 217,402 | ||||||||||
Central Parent LLC, Term Loan (1 mo. SOFR + 3.25%) |
8.58% | 07/06/2029 | 886 | 894,155 | ||||||||||
ConnectWise LLC, Term Loan (1 mo. SOFR + 3.50%) |
9.06% | 10/01/2028 | 336 | 337,652 | ||||||||||
Diebold Nixdorf, Inc., Term Loan (1 mo. Term SOFR + 7.50%) |
12.82% | 08/11/2028 | 856 | 887,475 | ||||||||||
E2Open LLC, Term Loan (1 mo. SOFR + 3.50%) |
8.94% | 02/04/2028 | 1,356 | 1,366,348 | ||||||||||
Energizer Holdings, Inc., Term Loan (1 mo. SOFR + 2.25%) |
7.69% | 12/22/2027 | 390 | 390,994 | ||||||||||
Epicor Software Corp. |
||||||||||||||
Delayed Draw Term Loan B(e) |
0.00% | 05/23/2031 | 61 | 60,939 | ||||||||||
Term Loan B(f) |
- | 06/23/2031 | 516 | 519,387 | ||||||||||
EverCommerce, Term Loan B (1 mo. SOFR + 3.25%) |
8.44% | 07/06/2028 | 499 | 500,730 | ||||||||||
GoTo Group, Inc. (LogMeIn) |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 4.75%) |
10.17% | 04/30/2028 | 2,355 | 2,220,492 | ||||||||||
Second Lien Term Loan (1 mo. SOFR + 4.75%) |
10.17% | 04/30/2028 | 1,633 | 1,012,404 | ||||||||||
Idemia Group S.A.S. (Oberthur Tech/Morpho/OBETEC), Term Loan B-5 (1 mo. SOFR + 4.25%) |
9.56% | 09/30/2028 | 1,583 | 1,592,556 | ||||||||||
Inetum (Granite Fin Bidco SAS) (France), Term Loan B (3 mo. EURIBOR + 5.00%) |
8.68% | 10/17/2028 | EUR | 223 | 243,018 | |||||||||
Infinite Electronics |
||||||||||||||
First Lien Incremental Term Loan (1 mo. SOFR + 6.25%)(d) |
11.84% | 01/31/2025 | 220 | 219,690 | ||||||||||
First Lien Term Loan (3 mo. SOFR + 3.25%) |
9.34% | 03/02/2028 | 1,209 | 1,180,003 | ||||||||||
Second Lien Term Loan (3 mo. SOFR + 7.00%) |
12.59% | 03/02/2029 | 253 | 216,755 | ||||||||||
Informatica Corp., Term Loan (1 mo. SOFR + 2.75%) |
8.19% | 10/27/2028 | 698 | 702,299 | ||||||||||
ION Corp (Helios Software), Term Loan (1 mo. SOFR + 3.75%) |
9.05% | 07/18/2030 | 482 | 484,605 | ||||||||||
Learning Pool (Brook Bidco Ltd.) (United Kingdom) |
||||||||||||||
Term Loan (3 mo. SONIA + 6.87%)(d) |
12.07% | 08/17/2028 | GBP | 358 | 447,006 | |||||||||
Term Loan 1 (3 mo. Term SOFR + 7.01%)(d) |
12.32% | 08/17/2028 | 475 | 459,916 | ||||||||||
Mavenir Systems, Inc., Term Loan B (3 mo. SOFR + 4.75%) |
10.35% | 08/18/2028 | 1,385 | 1,086,763 | ||||||||||
McAfee LLC, Term Loan B(f) |
- | 03/01/2029 | 238 | 238,918 | ||||||||||
Natel Engineering Co., Inc., Term Loan (1 mo. SOFR + 6.25%) |
11.69% | 04/30/2026 | 2,181 | 1,923,500 | ||||||||||
Native Instruments (Music Creation Group GmbH/APTUS) (Germany), Term Loan B (3 mo. EURIBOR + 6.00%)(d) |
9.93% | 03/03/2028 | EUR | 786 | 800,499 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Electronics & Electrical(continued) |
||||||||||||||
Open Text Corp. (Canada), Term Loan (1 mo. SOFR + 2.75%) |
7.58% | 01/31/2030 | $ | 1,210 | $ 1,219,852 | |||||||||
Particle Luxembourg S.a.r.l. (WebPros), Term Loan B (1 mo. SOFR + 4.00%)(d) |
9.32% | 09/28/2024 | 969 | 975,517 | ||||||||||
Proofpoint, Inc. |
||||||||||||||
Term Loan B (1 mo. Term SOFR + 3.25%) |
8.32% | 08/31/2028 | 1,849 | 1,856,149 | ||||||||||
Term Loan B (1 mo. Term SOFR + 3.00%) |
8.32% | 08/31/2028 | 18 | 18,387 | ||||||||||
Quest Software US Holdings, Inc., First Lien Term Loan (3 mo. SOFR + 4.25%) |
9.73% | 02/01/2029 | 2,311 | 1,728,047 | ||||||||||
Renaissance Holding Corp., Term Loan B (3 mo. Term SOFR + 4.25%) |
9.60% | 04/05/2030 | 663 | 664,117 | ||||||||||
Sandvine Corp., Second Lien Term Loan (1 mo. SOFR + 8.00%) |
13.33% | 11/02/2026 | 190 | 75,874 | ||||||||||
SonicWall U.S. Holdings, Inc. |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 5.00%) |
10.31% | 05/18/2028 | 1,314 | 1,317,789 | ||||||||||
Second Lien Term Loan (1 mo. SOFR + 7.50%) |
12.96% | 05/18/2026 | 269 | 252,125 | ||||||||||
Ultimate Software Group, Inc., First Lien Term Loan (1 mo. SOFR + 3.50%) |
8.57% | 02/10/2031 | 1,680 | 1,694,947 | ||||||||||
UST Holdings Ltd., Term Loan B (3 mo. SOFR + 3.75%) |
8.94% | 11/20/2028 | 1,128 | 1,133,984 | ||||||||||
Utimaco (SGT Ultimate BidCo GmbH) (Germany) |
||||||||||||||
Term Loan B-1 (6 mo. EURIBOR + 6.25%)(d) |
10.00% | 05/31/2029 | EUR | 1,940 | 1,970,017 | |||||||||
Term Loan B-2 (3 mo. SOFR + 6.25%)(d) |
11.99% | 05/31/2029 | 1,089 | 1,026,616 | ||||||||||
33,180,283 | ||||||||||||||
Financial Intermediaries2.35% |
||||||||||||||
AssuredPartners, Inc., Term Loan B-5 (1 mo. SOFR + 3.50%) |
8.83% | 02/14/2031 | 1,479 | 1,492,091 | ||||||||||
Broadstreet Partners, Inc., Term Loan B(f) |
- | 05/09/2031 | 1,530 | 1,538,306 | ||||||||||
Edelman Financial Center LLC (The) |
||||||||||||||
Incremental Term Loan (1 mo. SOFR + 3.75%) |
8.94% | 04/07/2028 | 210 | 210,300 | ||||||||||
Second Lien Term Loan (1 mo. SOFR + 6.75%) |
12.19% | 07/20/2026 | 111 | 111,787 | ||||||||||
Term Loan(f) |
- | 10/20/2028 | 100 | 100,141 | ||||||||||
Eisner Advisory Group LLC, Incremental Term Loan (1 mo. Term SOFR + 4.00%) |
9.33% | 02/28/2031 | 945 | 956,399 | ||||||||||
Grant Thornton Advisors LLC, Term Loan B(f) |
- | 05/16/2031 | 1,066 | 1,074,599 | ||||||||||
LendingTree, Inc., Term Loan B (1 mo. SOFR + 3.75%) |
9.19% | 09/15/2028 | 1,492 | 1,483,565 | ||||||||||
Tegra118 Wealth Solutions, Inc., Term Loan (3 mo. SOFR + 4.00%) |
9.33% | 02/18/2027 | 836 | 804,421 | ||||||||||
Tricor (Thevelia/Vistra-Virtue) |
||||||||||||||
First Lien Incremental Term Loan B-1 (1 mo. SOFR + 3.75%) |
9.06% | 06/18/2029 | 362 | 364,873 | ||||||||||
First Lien Term Loan (3 mo. SOFR + 4.00%) |
9.46% | 06/18/2029 | 689 | 694,305 | ||||||||||
8,830,787 | ||||||||||||||
Food Products4.57% |
||||||||||||||
Arnotts (Snacking Investments US LLC), Term Loan (1 mo. SOFR + 4.00%) |
9.33% | 12/18/2026 | 995 | 1,001,113 | ||||||||||
Biscuit Holding S.A.S. (BISPOU/Cookie Acq) (France), Term Loan B (6 mo. EURIBOR + 4.00%) |
7.86% | 02/15/2027 | EUR | 2,163 | 2,211,095 | |||||||||
BrightPet (AMCP Pet Holdings, Inc.) |
||||||||||||||
Revolver Loan (3 mo. Term SOFR + 6.25%)(d) |
12.48% | 10/05/2026 | 278 | 273,442 | ||||||||||
Revolver Loan(d)(e) |
0.00% | 10/05/2026 | 58 | 56,859 | ||||||||||
Term Loan (3 mo. SOFR + 6.25%)(d) |
11.71% | 10/05/2026 | 2,287 | 2,250,062 | ||||||||||
Florida Food Products LLC |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 5.00%)(d) |
10.33% | 10/18/2028 | 413 | 359,531 | ||||||||||
First Lien Term Loan (1 mo. SOFR + 5.00%) |
10.44% | 10/18/2028 | 3,021 | 2,637,600 | ||||||||||
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%)(d) |
13.44% | 10/18/2029 | 609 | 411,234 | ||||||||||
Mosel Bidco SE (Alphia) (Germany), Term Loan B (1 mo. SOFR + 5.00%) |
10.31% | 10/02/2030 | 986 | 938,457 | ||||||||||
Nomad Foods Ltd. (United Kingdom), Term Loan B-4 (1 mo. SOFR + 3.00%) |
7.81% | 11/08/2029 | 980 | 983,451 | ||||||||||
Shearers Foods LLC, Term Loan (1 mo. SOFR + 4.00%) |
9.33% | 02/12/2031 | 1,360 | 1,374,455 | ||||||||||
Sigma Holdco B.V. (Netherlands) |
||||||||||||||
Term Loan B-6 (3 mo. EURIBOR + 5.00%) |
8.88% | 01/02/2028 | EUR | 1,327 | 1,444,067 | |||||||||
Term Loan B-7 (1 mo. SOFR + 4.75%) |
10.31% | 01/02/2028 | 2,321 | 2,333,300 | ||||||||||
Solina Group Services (Powder Bidco) (France), Term Loan (1 mo. SOFR + 3.75%)(d) |
9.07% | 03/01/2029 | 374 | 376,492 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Food Products(continued) |
||||||||||||||
Valeo Foods (Jersey) Ltd. (Ireland), Term Loan B (6 mo. EURIBOR + 4.00%) |
7.86% | 09/29/2028 | EUR | 492 | $ 524,939 | |||||||||
17,176,097 | ||||||||||||||
Food Service0.76% |
||||||||||||||
Areas (Pax Midco Spain), Term Loan B-2 (3 mo. EURIBOR + 5.00%) |
8.83% | 12/01/2029 | EUR | 1,821 | 1,978,825 | |||||||||
Euro Garages (Netherlands), Term Loan (1 mo. SOFR + 4.25%) |
9.99% | 03/31/2026 | $ | 153 | 153,014 | |||||||||
IRB Holding Corp., Term Loan B (1 mo. SOFR + 2.75%) |
8.18% | 12/15/2027 | 210 | 211,527 | ||||||||||
New Red Finance, Inc., Term Loan B-5 (1 mo. SOFR + 2.25%) |
7.58% | 09/20/2030 | 514 | 514,786 | ||||||||||
2,858,152 | ||||||||||||||
Forest Products0.18% |
||||||||||||||
NewLife Forest Restoration LLC, Term Loan (1 mo. USD LIBOR + 10.00%)(d) |
10.00% | 04/10/2029 | 670 | 669,669 | ||||||||||
Health Care3.22% |
||||||||||||||
Acacium (Impala Bidco Ltd.) (United Kingdom) |
||||||||||||||
Incremental Term Loan B (1 mo. SOFR + 5.25%)(d) |
10.20% | 06/08/2028 | 590 | 557,944 | ||||||||||
Term Loan B (1 mo. SONIA + 5.00%) |
10.20% | 06/08/2028 | GBP | 295 | 366,612 | |||||||||
Ascend Learning LLC, First Lien Term Loan (1 mo. SOFR + 3.50%) |
8.93% | 12/11/2028 | 40 | 39,889 | ||||||||||
Bracket Intermediate Holding Corp. (Signant), First Lien Term Loan (1 mo. SOFR + 5.00%) |
10.40% | 05/08/2028 | 575 | 579,135 | ||||||||||
Cerba (Chrome Bidco) (France), Incremental Term Loan C (3 mo. EURIBOR + 4.00%) |
7.77% | 02/16/2029 | EUR | 248 | 251,260 | |||||||||
Certara Holdco, Inc., Term Loan B (1 mo. SOFR + 3.50%) |
9.11% | 08/14/2026 | 396 | 398,815 | ||||||||||
Curium BidCo S.a.r.l. (Luxembourg), Term Loan (1 mo. SOFR + 4.00%)(d) |
9.30% | 07/31/2029 | 366 | 369,453 | ||||||||||
Ethypharm (Financiere Verdi, Orphea Ltd.) (France), Term Loan B (3 mo. SONIA + 4.50%) |
9.69% | 04/17/2028 | GBP | 371 | 447,021 | |||||||||
Explorer Holdings, Inc., First Lien Term Loan (1 mo. SOFR + 4.50%) |
9.93% | 02/04/2027 | 1,167 | 1,173,710 | ||||||||||
Global Medical Response, Inc. |
||||||||||||||
Term Loan (3 mo. SOFR + 4.25%) |
9.68% | 03/14/2025 | 307 | 302,707 | ||||||||||
Term Loan (3 mo. SOFR + 4.25%) |
9.81% | 10/02/2025 | 1,017 | 998,312 | ||||||||||
HC Group Holdings III, Inc., Term Loan B (1 mo. SOFR + 2.75%) |
7.58% | 10/25/2028 | 49 | 49,872 | ||||||||||
Icon PLC |
||||||||||||||
Term Loan (3 mo. Term SOFR + 2.00%) |
7.31% | 07/03/2028 | 3 | 3,035 | ||||||||||
Term Loan (3 mo. Term SOFR + 2.00%) |
7.31% | 07/03/2028 | 12 | 12,183 | ||||||||||
ICU Medical, Inc., Term Loan B (1 mo. SOFR + 2.50%) |
7.95% | 01/08/2029 | 174 | 174,944 | ||||||||||
International SOS LP (AEA International), Term Loan (1 mo. SOFR + 3.50%)(d) |
8.81% | 09/07/2028 | 711 | 715,856 | ||||||||||
MB2 Dental Solutions LLC |
||||||||||||||
Delayed Draw Term Loan(d)(e) |
0.00% | 02/15/2031 | 238 | 237,703 | ||||||||||
Delayed Draw Term Loan(d)(e) |
0.00% | 02/15/2031 | 143 | 142,622 | ||||||||||
Revolver Loan (1 mo. Term SOFR + 5.00%)(d) |
10.33% | 02/15/2031 | 7 | 6,589 | ||||||||||
Revolver Loan(d)(e) |
0.00% | 02/15/2031 | 41 | 40,476 | ||||||||||
Term Loan (1 mo. Term SOFR + 6.00%)(d) |
11.32% | 02/15/2031 | 686 | 679,621 | ||||||||||
MedAssets Software Intermediate Holdings, Inc. (nThrive TSG) |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 4.00%) |
9.42% | 12/18/2028 | 986 | 789,057 | ||||||||||
Second Lien Term Loan (1 mo. SOFR + 6.75%) |
12.19% | 12/17/2029 | 401 | 272,997 | ||||||||||
MJH Healthcare Holdings LLC, Term Loan B (1 mo. SOFR + 3.50%) |
8.93% | 01/28/2029 | 106 | 105,880 | ||||||||||
Neuraxpharm (Cerebro BidCo/Blitz F20-80 GmbH) (Germany) |
||||||||||||||
Term Loan B (3 mo. EURIBOR + 3.75%) |
7.61% | 12/15/2027 | EUR | 138 | 150,881 | |||||||||
Term Loan B-2 (3 mo. EURIBOR + 3.75%) |
7.62% | 12/15/2027 | EUR | 80 | 87,155 | |||||||||
Organon & Co., Term Loan B (1 mo. SOFR + 2.50%) |
7.82% | 05/14/2031 | 1,198 | 1,209,536 | ||||||||||
Packaging Coordinators Midco, Inc., First Lien Term Loan B (3 mo. SOFR + 3.50%) |
9.07% | 11/30/2027 | 138 | 138,679 | ||||||||||
PAREXEL International Corp., First Lien Term Loan (1 mo. SOFR + 3.25%) |
8.69% | 11/15/2028 | 253 | 254,953 | ||||||||||
Sharp Services LLC, Term Loan (1 mo. SOFR + 3.75%)(d) |
9.05% | 12/31/2028 | 200 | 202,072 | ||||||||||
Summit Behavioral Healthcare LLC, Term Loan B (3 mo. Term SOFR + 4.25%) |
9.60% | 10/30/2024 | 319 | 320,783 | ||||||||||
TTF Holdings LLC (Soliant), Term Loan B (1 mo. SOFR + 4.00%) |
9.44% | 03/31/2028 | 393 | 396,237 | ||||||||||
Veonet Lense GmbH (BLIVEO) (Germany), Incremental Term Loan (3 mo. EURIBOR + 4.25%) |
8.13% | 03/14/2029 | EUR | 47 | 51,107 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Health Care(continued) |
||||||||||||||
Womens Care Holdings, Inc., Second Lien Term Loan (3 mo. SOFR + 8.25%) |
13.68% | 01/12/2029 | $ | 235 | $ 197,740 | |||||||||
Zelis Cost Management Buyer, Inc., Term Loan B-2 (1 mo. SOFR + 2.75%) |
8.08% | 09/28/2029 | 386 | 387,787 | ||||||||||
12,112,623 | ||||||||||||||
Home Furnishings1.69% |
||||||||||||||
Hilding Anders AB (Sweden) |
||||||||||||||
Term Loan (6 mo. EURIBOR + 5.00%) (Acquired 10/04/2022-04/29/2024; Cost $197,167)(h) |
8.83% | 02/28/2026 | EUR | 230 | 90,355 | |||||||||
Term Loan (6 mo. EURIBOR + 10.00%)(d) |
13.83% | 12/31/2026 | EUR | 19 | 19,622 | |||||||||
Term Loan (3 mo. EURIBOR + 10.00%) (Acquired 09/26/2023; Cost $23,649)(d)(h) |
13.83% | 12/31/2026 | EUR | 22 | 23,666 | |||||||||
Term Loan (Acquired 10/04/2022-04/30/2024; Cost $43,035)(d)(h) |
0.00% | 02/26/2027 | EUR | 232 | 0 | |||||||||
HomeServe USA Holding Corp., Term Loan (1 mo. SOFR + 3.00%) |
8.32% | 10/21/2030 | 884 | 886,621 | ||||||||||
Mattress Holding Corp., Term Loan (3 mo. SOFR + 4.25%) |
9.81% | 09/25/2028 | 1,834 | 1,838,537 | ||||||||||
Serta Simmons Bedding LLC |
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 7.50%)(d) |
12.94% | 06/29/2028 | 97 | 96,775 | ||||||||||
Term Loan (1 mo. SOFR + 7.50%) |
12.92% | 06/29/2028 | 1,371 | 1,184,557 | ||||||||||
SIWF Holdings, Inc., Term Loan B (1 mo. SOFR + 4.00%) |
9.44% | 10/06/2028 | 1,219 | 1,023,759 | ||||||||||
Weber-Stephen Products LLC |
||||||||||||||
Incremental Term Loan B (1 mo. SOFR + 4.25%) |
9.68% | 10/30/2027 | 309 | 288,887 | ||||||||||
Term Loan B (1 mo. SOFR + 3.25%) |
8.69% | 10/30/2027 | 966 | 905,247 | ||||||||||
6,358,026 | ||||||||||||||
Industrial Equipment6.72% |
||||||||||||||
Arconic Rolled Products Corp., Term Loan B (1 mo. SOFR + 3.75%) |
9.08% | 08/18/2030 | 858 | 866,905 | ||||||||||
Chart Industries, Inc., Term Loan (1 mo. SOFR + 3.25%) |
8.67% | 03/15/2030 | 499 | 502,172 | ||||||||||
Clark Equipment Co., Term Loan B (3 mo. SOFR + 2.50%) |
7.65% | 04/20/2029 | 437 | 439,107 | ||||||||||
Crosby US Acquisition Corp., Term Loan (1 mo. SOFR + 4.00%) |
9.33% | 08/16/2029 | 485 | 489,693 | ||||||||||
Deliver Buyer, Inc. (MHS Holdings), Term Loan (3 mo. SOFR + 5.50%) |
10.80% | 06/01/2029 | 1,143 | 1,038,193 | ||||||||||
DXP Enterprises, Inc., Incremental Term Loan (1 mo. SOFR + 4.75%) |
10.16% | 10/11/2030 | 896 | 903,125 | ||||||||||
EMRLD Borrower L.P. (Copeland), Term Loan B (1 mo. SOFR + 2.50%) |
7.83% | 05/31/2030 | 1,446 | 1,457,083 | ||||||||||
Kantar (Summer BC Bidco/KANGRP) (United Kingdom) |
||||||||||||||
Term Loan B (3 mo. EURIBOR + 4.50%) |
8.32% | 01/31/2029 | EUR | 700 | 762,835 | |||||||||
Term Loan B (3 mo. Term SOFR + 5.00%) |
10.57% | 02/05/2029 | 1,172 | 1,177,703 | ||||||||||
Madison IAQ LLC, Term Loan (1 mo. SOFR + 3.25%) |
8.69% | 06/21/2028 | 1,342 | 1,346,861 | ||||||||||
Minimax (-Viking GmbH, -MX Holdings US, Inc.), Term Loan B-1D (1 mo. SOFR + 2.75%) |
8.19% | 07/31/2028 | 257 | 259,348 | ||||||||||
MKS Instruments, Inc., Term Loan B (1 mo. SOFR + 2.50%) |
7.82% | 08/17/2029 | 1,739 | 1,751,225 | ||||||||||
Robertshaw US Holding Corp. |
||||||||||||||
First Lien Term Loan(d)(i)(j) |
0.00% | 02/28/2027 | 2,806 | 2,736,314 | ||||||||||
Revolver Loan (Acquired 11/14/2023-11/22/2023; Cost $836,804)(d)(h)(i)(j) |
0.00% | 06/24/2027 | 836 | 836,282 | ||||||||||
Second Lien Term Loan (Acquired 05/09/2023-07/14/2023; Cost $1,950,049)(d)(h)(i)(j) |
0.00% | 02/28/2027 | 3,107 | 1,817,432 | ||||||||||
Third Lien Term Loan (Acquired 05/09/2023; Cost $232,210)(d)(h)(i)(j) |
0.00% | 02/28/2027 | 773 | 452,113 | ||||||||||
STS Operating, Inc. (Sunsource), Term Loan (1 mo. SOFR + 4.25%) |
9.42% | 09/26/2025 | 1,162 | 1,170,621 | ||||||||||
Tank Holding Corp. |
||||||||||||||
Revolver Loan (3 mo. USD LIBOR + 0.38%)(d) |
11.08% | 03/31/2028 | 11 | 10,498 | ||||||||||
Revolver Loan(d)(e) |
0.00% | 03/31/2028 | 219 | 212,320 | ||||||||||
Term Loan (1 mo. SOFR + 6.00%) |
11.18% | 03/31/2028 | 3,388 | 3,362,604 | ||||||||||
Thyssenkrupp Elevators (Vertical Midco GmbH) (Germany), Term Loan B-2 (1 mo. SOFR + 3.50%) |
8.79% | 04/30/2030 | 2,185 | 2,201,690 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Industrial Equipment(continued) |
||||||||||||||
Victory Buyer LLC (Vantage Elevator) |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 3.75%) |
9.34% | 11/19/2028 | $ | 1,354 | $ 1,317,282 | |||||||||
Second Lien Term Loan (3 mo. SOFR + 7.00%)(d) |
12.60% | 11/19/2029 | 165 | 141,231 | ||||||||||
25,252,637 | ||||||||||||||
Insurance3.13% |
||||||||||||||
Acrisure LLC |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 3.50%) |
8.94% | 02/15/2027 | 1,284 | 1,286,113 | ||||||||||
First Lien Term Loan (1 mo. SOFR + 4.25%) |
9.69% | 02/15/2027 | 756 | 759,940 | ||||||||||
First Lien Term Loan (1 mo. SOFR + 4.50%) |
9.83% | 11/11/2030 | 773 | 779,177 | ||||||||||
Alliant Holdings Intermediate LLC, Term Loan B-6 (1 mo. SOFR + 3.50%) |
8.82% | 11/06/2030 | 1,508 | 1,515,647 | ||||||||||
AmWINS Group LLC |
||||||||||||||
Term Loan (1 mo. Term SOFR + 2.25%) |
7.69% | 02/19/2028 | 197 | 197,690 | ||||||||||
Term Loan B(f) |
- | 02/19/2028 | 337 | 337,884 | ||||||||||
Hub International Ltd., Term Loan B (1 mo. SOFR + 3.25%) |
8.57% | 06/20/2030 | 615 | 619,593 | ||||||||||
Sedgwick Claims Management Services, Inc., Term Loan (1 mo. SOFR + 3.75%) |
9.08% | 02/24/2028 | 2,641 | 2,658,037 | ||||||||||
Truist Insurance Holdings, Term Loan B (1 mo. SOFR + 3.25%) |
8.59% | 05/06/2031 | 1,300 | 1,310,652 | ||||||||||
USI, Inc. |
||||||||||||||
Term Loan (1 mo. SOFR + 3.25%) |
8.08% | 09/27/2030 | 713 | 715,403 | ||||||||||
Term Loan B (1 mo. SOFR + 3.00%) |
8.30% | 11/22/2029 | 1,594 | 1,599,249 | ||||||||||
11,779,385 | ||||||||||||||
Leisure Goods, Activities & Movies4.12% |
||||||||||||||
Carnival Corp. |
||||||||||||||
Term Loan B (1 mo. SOFR + 2.75%) |
8.07% | 08/08/2027 | 218 | 219,941 | ||||||||||
Term Loan B (1 mo. SOFR + 2.75%) |
8.07% | 10/18/2028 | 2,927 | 2,952,062 | ||||||||||
Crown Finance US, Inc., Term Loan (1 mo. SOFR + 8.50%) |
7.00% | 07/31/2028 | 2,291 | 2,324,297 | ||||||||||
Fitness International LLC, Term Loan B (1 mo. SOFR + 5.25%)(d) |
10.68% | 02/05/2029 | 1,055 | 1,059,330 | ||||||||||
Lakeland Tours LLC, Term Loan (6 mo. USD LIBOR + 8.00%)(d) |
8.00% | 09/25/2027 | 370 | 83,184 | ||||||||||
LC Ahab US Bidco LLC, Term Loan B (1 mo. SOFR + 3.50%) |
8.83% | 04/12/2031 | 399 | 402,420 | ||||||||||
Nord Anglia Education |
||||||||||||||
Term Loan (1 mo. SOFR + 4.00%) |
9.35% | 01/31/2028 | 616 | 621,355 | ||||||||||
Term Loan B-2 (1 mo. SOFR + 3.75%) |
9.10% | 02/26/2031 | 740 | 748,196 | ||||||||||
OEG Borrower LLC (Opry Entertainment), Term Loan (3 mo. SOFR + 5.00%)(d) |
10.43% | 06/18/2029 | 839 | 842,175 | ||||||||||
Parques Reunidos (Piolin Bidco S.A.U.) (Spain), Term Loan B-4 (3 mo. EURIBOR + 4.50%) |
8.22% | 09/16/2029 | EUR | 264 | 286,940 | |||||||||
Scenic (Columbus Capital B.V.) (Australia), Term Loan (3 mo. EURIBOR + 3.75%) |
7.65% | 02/27/2027 | EUR | 1,957 | 1,950,317 | |||||||||
Seaworld Parks & Entertainment, Inc., Term Loan B-2 (1 mo. SOFR + 2.50%) |
7.83% | 08/25/2028 | 715 | 716,270 | ||||||||||
Spring Education Group, Inc., Term Loan (1 mo. SOFR + 4.50%) |
9.81% | 10/04/2030 | 239 | 241,744 | ||||||||||
Topgolf Callaway Brands Corp., Term Loan (1 mo. SOFR + 3.00%) |
8.33% | 03/15/2030 | 309 | 310,653 | ||||||||||
USF S&H Holdco LLC |
||||||||||||||
Term Loan A (3 mo. USD LIBOR + 8.00%)(d) |
17.25% | 06/30/2025 | 133 | 132,716 | ||||||||||
Term Loan A(d)(e) |
0.00% | 06/30/2025 | 162 | 162,334 | ||||||||||
Term Loan B(d) |
10.20% | 06/30/2025 | 1,677 | 1,676,847 | ||||||||||
Vue International Bidco PLC (United Kingdom) |
||||||||||||||
Second Lien Term Loan (1 mo. EURIBOR + 8.50%) |
4.03% | 12/31/2027 | EUR | 335 | 213,401 | |||||||||
Term Loan (1 mo. EURIBOR + 8.00%) |
7.87% | 06/30/2027 | EUR | 98 | 111,451 | |||||||||
Term Loan (6 mo. EURIBOR + 8.00%) (Acquired 09/15/2022; |
3.84% | 06/30/2027 | EUR | 194 | 208,421 | |||||||||
Term Loan (1 mo. EURIBOR + 8.50%)(d) |
4.00% | 12/31/2027 | EUR | 207 | 215,848 | |||||||||
15,479,902 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Lodging & Casinos4.49% |
||||||||||||||
Aimbridge Acquisition Co., Inc. |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 3.75%) |
9.19% | 02/02/2026 | $ | 903 | $ 880,729 | |||||||||
First Lien Term Loan (1 mo. SOFR + 4.75%) |
10.19% | 02/02/2026 | 1,114 | 1,095,508 | ||||||||||
Caesars Entertainment, Inc. |
||||||||||||||
Incremental Term Loan B (1 mo. SOFR + 3.25%) |
8.10% | 02/06/2030 | 1,373 | 1,379,638 | ||||||||||
Term Loan (1 mo. SOFR + 2.75%) |
8.09% | 02/06/2031 | 1,795 | 1,802,590 | ||||||||||
Fertitta Entertainment LLC (Golden Nugget), Term Loan (1 mo. SOFR + 3.75%) |
9.07% | 01/27/2029 | 662 | 664,981 | ||||||||||
GVC Finance LLC (Gibraltar) |
||||||||||||||
Term Loan B (1 mo. Term SOFR + 2.75%) |
8.01% | 10/31/2029 | 594 | 596,752 | ||||||||||
Term Loan B-2 (3 mo. Term SOFR + 3.50%) |
8.91% | 10/31/2029 | 1,605 | 1,611,947 | ||||||||||
HBX Group (United Kingdom) |
||||||||||||||
Term Loan B-3 (6 mo. EURIBOR + 4.50%) |
8.34% | 09/12/2028 | EUR | 1,882 | 2,063,449 | |||||||||
Term Loan D-2 (6 mo. EURIBOR + 4.25%) |
8.09% | 09/21/2027 | EUR | 2,012 | 2,203,122 | |||||||||
Hilton Grand Vacations Borrower LLC |
||||||||||||||
Term Loan (1 mo. SOFR + 3.00%) |
7.83% | 08/02/2028 | 1,119 | 1,124,860 | ||||||||||
Term Loan (1 mo. SOFR + 2.75%) |
8.08% | 01/17/2031 | 776 | 780,621 | ||||||||||
Motel One (One Hotels GmbH) (Germany), Term Loan B (3 mo. EURIBOR + 4.50%) |
8.41% | 04/02/2031 | EUR | 286 | 312,515 | |||||||||
Scientific Games Lottery, First Lien Term Loan (3 mo. SOFR + 3.50%) |
8.56% | 04/04/2029 | 947 | 950,677 | ||||||||||
Station Casinos LLC, Term Loan B (1 mo. SOFR + 2.25%) |
7.58% | 03/14/2031 | 515 | 517,082 | ||||||||||
Travel + Leisure Co., Incremental Term Loan (1 mo. SOFR + 3.25%) |
8.67% | 12/14/2029 | 888 | 894,417 | ||||||||||
16,878,888 | ||||||||||||||
Nonferrous Metals & Minerals1.09% |
||||||||||||||
AZZ, Inc., Term Loan (1 mo. SOFR + 3.25%) |
8.58% | 05/14/2029 | 1,090 | 1,098,716 | ||||||||||
Covia Holdings Corp., Term Loan (3 mo. SOFR + 4.00%) |
9.57% | 07/31/2026 | 1,375 | 1,372,069 | ||||||||||
Form Technologies LLC, First Lien Term Loan (3 mo. SOFR + 9.00%) |
14.70% | 10/22/2025 | 538 | 398,938 | ||||||||||
SCIH Salt Holdings, Inc. (Kissner Group), First Lien Incremental Term Loan B-1 (1 mo. SOFR + 4.00%) |
8.83% | 03/16/2027 | 746 | 749,758 | ||||||||||
U.S. Silica Co., Term Loan B (1 mo. Term SOFR + 4.00%) |
9.33% | 03/25/2030 | 487 | 490,588 | ||||||||||
4,110,069 | ||||||||||||||
Oil & Gas2.64% |
||||||||||||||
Brazos Delaware II LLC, Term Loan B (1 mo. SOFR + 3.50%) |
8.82% | 02/11/2030 | 694 | 698,129 | ||||||||||
GIP Pilot Acquisition Partners L.P. (Global Infrastructure), Term Loan (3 mo. SOFR + 2.50%) |
7.83% | 10/04/2030 | 584 | 587,619 | ||||||||||
Gulf Finance LLC, Term Loan (1 mo. SOFR + 6.75%) |
11.69% | 08/25/2026 | 579 | 581,723 | ||||||||||
ITT Holdings LLC (IMTT), Term Loan B (1 mo. Term SOFR + 3.00%) |
8.43% | 10/05/2030 | 601 | 604,954 | ||||||||||
McDermott International Ltd. |
||||||||||||||
LOC(d)(e) |
0.00% | 12/31/2026 | 547 | 500,336 | ||||||||||
LOC (3 mo. Term SOFR + 4.75%)(d) |
10.31% | 12/31/2026 | 181 | 158,692 | ||||||||||
LOC(e) |
0.00% | 06/30/2027 | 2,136 | 1,420,513 | ||||||||||
LOC (3 mo. SOFR + 4.00%)(d) |
9.56% | 06/30/2027 | 797 | 418,347 | ||||||||||
PIK Term Loan, 3.00% PIK Rate, 6.44% Cash Rate(g) |
3.00% | 12/31/2027 | 618 | 214,194 | ||||||||||
Term Loan (3 mo. Term SOFR + 7.50%)(d) |
13.09% | 12/31/2026 | 581 | 581,301 | ||||||||||
Term Loan (1 mo. SOFR + 3.00%) |
8.44% | 06/30/2027 | 92 | 51,537 | ||||||||||
Par Petroleum LLC and Par Petroleum Finance Corp. (Par Pacific), Term Loan B (1 mo. SOFR + 3.75%) |
9.05% | 02/28/2030 | 931 | 938,586 | ||||||||||
PG Investment Co. 59 S.a.r.l./URSA Minor US Bidco LLC (Rosen), Term Loan B (3 mo. Term SOFR + 3.50%) |
8.81% | 03/26/2031 | 919 | 926,477 | ||||||||||
Planet US Buyer LLC (Wood Mackenzie), Term Loan (1 mo. SOFR + 3.50%) |
8.82% | 02/07/2031 | 802 | 808,910 | ||||||||||
TransMontaigne Partners LLC, Term Loan B (1 mo. SOFR + 3.50%) |
8.94% | 11/17/2028 | 1,174 | 1,180,763 | ||||||||||
WhiteWater Whistler Holdings LLC, Term Loan B-1 (1 mo. SOFR + 2.75%) |
8.06% | 02/15/2030 | 235 | 236,659 | ||||||||||
9,908,740 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Publishing3.28% |
||||||||||||||
Adtalem Global Education, Inc., Term Loan (1 mo. SOFR + 3.50%) |
8.83% | 08/12/2028 | $ | 311 | $ 312,960 | |||||||||
Cengage Learning, Inc., Term Loan B (1 mo. SOFR + 4.25%) |
9.54% | 03/22/2031 | 2,312 | 2,325,752 | ||||||||||
Century DE Buyer LLC (Simon & Schuster), Term Loan (3 mo. SOFR + 4.00%) |
9.33% | 10/30/2030 | 1,188 | 1,183,823 | ||||||||||
Dotdash Meredith, Inc., Term Loan B (1 mo. SOFR + 4.00%)(d) |
9.41% | 12/01/2028 | 2,436 | 2,445,324 | ||||||||||
Harbor Purchaser, Inc. (Houghton Mifflin Harcourt) |
||||||||||||||
First Lien Term Loan B (1 mo. SOFR + 5.25%) |
10.70% | 04/09/2029 | 2,234 | 2,174,095 | ||||||||||
Second Lien Term Loan B (1 mo. SOFR + 8.00%) |
13.85% | 04/08/2030 | 1,115 | 1,066,478 | ||||||||||
McGraw-Hill Education, Inc., Term Loan (1 mo. SOFR + 4.75%) |
10.19% | 07/28/2028 | 2,110 | 2,118,157 | ||||||||||
Micro Holding L.P., First Lien Incremental Term Loan (1 mo. SOFR + 4.25%) |
9.58% | 05/03/2028 | 704 | 705,710 | ||||||||||
12,332,299 | ||||||||||||||
Radio & Television0.50% |
||||||||||||||
iHeartCommunications, Inc. |
||||||||||||||
Incremental Term Loan (1 mo. SOFR + 3.25%) |
8.69% | 05/01/2026 | 270 | 210,046 | ||||||||||
Term Loan (1 mo. SOFR + 3.00%) |
8.44% | 05/01/2026 | 662 | 523,551 | ||||||||||
Sinclair Television Group, Inc. |
||||||||||||||
Term Loan B-3 (1 mo. SOFR + 3.00%) |
8.59% | 04/01/2028 | 52 | 37,436 | ||||||||||
Term Loan B-4 (1 mo. SOFR + 3.75%) |
9.18% | 04/21/2029 | 105 | 72,031 | ||||||||||
Univision Communications, Inc. |
||||||||||||||
First Lien Term Loan (1 mo. SOFR + 3.25%) |
8.69% | 01/31/2029 | 264 | 260,445 | ||||||||||
Incremental Term Loan B(d)(f) |
- | 01/23/2029 | 769 | 766,364 | ||||||||||
1,869,873 | ||||||||||||||
Retailers (except Food & Drug)1.48% |
||||||||||||||
Action Holding B.V. (Netherlands) |
||||||||||||||
Term Loan B-3 (3 mo. EURIBOR + 3.75%) |
7.65% | 09/29/2028 | EUR | 147 | 161,435 | |||||||||
Term Loan B-4 (1 mo. SOFR + 3.25%) |
8.56% | 10/28/2030 | 1,172 | 1,179,953 | ||||||||||
Bass Pro Group LLC, Term Loan B-2 (1 mo. SOFR + 3.75%) |
9.19% | 03/06/2028 | 2,258 | 2,264,353 | ||||||||||
CNT Holdings I Corp. (1-800 Contacts), First Lien Term Loan (1 mo. SOFR + 3.50%) |
8.83% | 11/08/2027 | 1,380 | 1,388,189 | ||||||||||
Savers, Inc., Term Loan (1 mo. SOFR + 5.50%) |
9.05% | 04/26/2028 | 560 | 563,896 | ||||||||||
5,557,826 | ||||||||||||||
Surface Transport1.93% |
||||||||||||||
First Student Bidco, Inc. |
||||||||||||||
Incremental Term Loan B (3 mo. SOFR + 4.00%) |
9.40% | 07/21/2028 | 1,610 | 1,615,031 | ||||||||||
Term Loan B (3 mo. SOFR + 3.00%) |
8.56% | 07/21/2028 | 795 | 798,168 | ||||||||||
Term Loan C (3 mo. SOFR + 3.00%) |
8.56% | 07/21/2028 | 242 | 242,731 | ||||||||||
Hertz Corp. (The) |
||||||||||||||
Incremental Term Loan (1 mo. SOFR + 3.75%) |
9.07% | 06/30/2028 | 335 | 309,113 | ||||||||||
Term Loan B (1 mo. SOFR + 3.25%) |
8.86% | 06/30/2028 | 517 | 476,041 | ||||||||||
Term Loan C (1 mo. SOFR + 3.25%) |
8.86% | 06/30/2028 | 100 | 92,209 | ||||||||||
Hurtigruten Group A/S (Explorer II AS) (Norway) |
||||||||||||||
Term Loan A (3 mo. EURIBOR + 8.50%) |
12.44% | 02/22/2029 | EUR | 2,356 | 530,356 | |||||||||
Term Loan B-2 (3 mo. EURIBOR + 6.50%) |
10.41% | 09/30/2027 | EUR | 675 | 658,773 | |||||||||
PODS LLC |
||||||||||||||
Incremental Term Loan (1 mo. SOFR + 4.00%)(d) |
9.59% | 03/31/2028 | 1,826 | 1,762,003 | ||||||||||
Term Loan (1 mo. SOFR + 3.00%) |
8.59% | 03/31/2028 | 34 | 32,555 | ||||||||||
Reception Purchaser LLC (STG - XPOI Opportunity), Term Loan (1 mo. SOFR + 6.00%) |
11.45% | 03/24/2028 | 987 | 747,537 | ||||||||||
7,264,517 | ||||||||||||||
Telecommunications4.46% |
||||||||||||||
Avaya, Inc., Term Loan (1 mo. Term SOFR + 1.50%) |
6.83% | 08/01/2028 | 480 | 404,179 | ||||||||||
Cablevision Lightpath LLC, Term Loan (1 mo. SOFR + 3.25%) |
8.68% | 11/30/2027 | 1,095 | 1,060,345 | ||||||||||
CCI Buyer, Inc. (Consumer Cellular), First Lien Term Loan (3 mo. SOFR + 3.75%) |
9.30% | 12/17/2027 | 3,134 | 3,153,305 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
Telecommunications(continued) |
||||||||||||||
Cincinnati Bell, Inc., Term Loan B-2 (1 mo. SOFR + 3.25%) |
8.68% | 11/22/2028 | $ | 18 | $ 18,063 | |||||||||
| ||||||||||||||
Crown Subsea Communications Holding, Inc., Term Loan (1 mo. SOFR + 4.75%) |
10.08% | 01/30/2031 | 1,941 | 1,963,226 | ||||||||||
| ||||||||||||||
Frontier Communications Holdings LLC, Term Loan B (1 mo. SOFR + 3.75%) |
9.19% | 10/08/2027 | 234 | 234,713 | ||||||||||
| ||||||||||||||
Genesys Cloud Services Holdings I LLC | ||||||||||||||
Incremental Term Loan (1 mo. SOFR + 3.75%) |
9.19% | 12/01/2027 | 291 | 293,671 | ||||||||||
| ||||||||||||||
Term Loan B (1 mo. SOFR + 3.50%) |
8.83% | 12/01/2027 | 38 | 38,866 | ||||||||||
| ||||||||||||||
II-VI, Inc., Term Loan B (1 mo. SOFR + 2.50%) |
7.83% | 07/02/2029 | 109 | 109,535 | ||||||||||
| ||||||||||||||
Inmarsat Finance PLC (United Kingdom), Term Loan B (1 mo. SOFR + 4.50%) |
9.82% | 09/27/2029 | 1,073 | 1,030,150 | ||||||||||
| ||||||||||||||
Lumen Technologies, Inc. |
||||||||||||||
Term Loan B-1 (1 mo. SOFR + 2.35%) |
7.79% | 04/15/2030 | 547 | 381,940 | ||||||||||
| ||||||||||||||
Term Loan B-2 (1 mo. SOFR + 2.35%) |
7.79% | 04/15/2029 | 547 | 371,995 | ||||||||||
| ||||||||||||||
MLN US HoldCo LLC (dba Mitel) |
||||||||||||||
First Lien Term Loan B (3 mo. SOFR + 4.50%) |
9.93% | 11/30/2025 | 51 | 5,660 | ||||||||||
| ||||||||||||||
Second Lien Term Loan B (3 mo. SOFR + 8.75%) |
14.18% | 11/30/2026 | 35 | 2,879 | ||||||||||
| ||||||||||||||
Second Lien Term Loan B-1 (3 mo. Term SOFR + 6.70%) |
12.13% | 10/18/2027 | 3,536 | 692,443 | ||||||||||
| ||||||||||||||
Term Loan (3 mo. Term SOFR + 6.44%) |
11.87% | 10/18/2027 | 1,483 | 895,819 | ||||||||||
| ||||||||||||||
Third Lien Term Loan (3 mo. Term SOFR + 9.25%) |
14.68% | 10/18/2027 | 1,356 | 148,078 | ||||||||||
| ||||||||||||||
SBA Senior Finance II LLC, Term Loan (1 mo. SOFR + 2.00%) |
7.33% | 01/25/2031 | 11 | 11,258 | ||||||||||
| ||||||||||||||
Telesat LLC, Term Loan B-5 (1 mo. SOFR + 2.75%) |
8.36% | 12/07/2026 | 1,730 | 840,930 | ||||||||||
| ||||||||||||||
U.S. TelePacific Corp. |
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 7.15%) |
6.00% | 05/02/2026 | 1,574 | 637,616 | ||||||||||
| ||||||||||||||
Third Lien Term Loan(d)(f) |
- | 05/02/2027 | 151 | 0 | ||||||||||
| ||||||||||||||
ViaSat, Inc. |
||||||||||||||
Term Loan (1 mo. SOFR + 3.75%) |
9.83% | 03/02/2029 | 1,138 | 1,049,595 | ||||||||||
| ||||||||||||||
Term Loan B (1 mo. SOFR + 4.50%) |
9.94% | 05/30/2030 | 829 | 764,370 | ||||||||||
| ||||||||||||||
Voyage Digital (NC) Ltd., Term Loan (1 mo. SOFR + 3.25%)(d) |
8.58% | 10/12/2024 | 954 | 957,243 | ||||||||||
| ||||||||||||||
Windstream Services LLC, Term Loan (1 mo. SOFR + 6.25%) |
11.68% | 09/21/2027 | 1,699 | 1,702,704 | ||||||||||
| ||||||||||||||
16,768,583 | ||||||||||||||
| ||||||||||||||
Utilities2.88% |
||||||||||||||
Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. SOFR + 2.75%) |
8.08% | 01/27/2031 | 1,511 | 1,520,821 | ||||||||||
| ||||||||||||||
Covanta Holding Corp. |
||||||||||||||
Incremental Term Loan B (1 mo. SOFR + 2.75%) |
8.07% | 11/30/2028 | 531 | 533,287 | ||||||||||
| ||||||||||||||
Incremental Term Loan C (1 mo. Term SOFR + 2.75%) |
8.07% | 11/30/2028 | 29 | 29,141 | ||||||||||
| ||||||||||||||
Generation Bridge Northeast LLC, Term Loan B (1 mo. SOFR + 3.50%) |
8.83% | 08/22/2029 | 689 | 695,713 | ||||||||||
| ||||||||||||||
Granite Generation LLC, Term Loan (1 mo. SOFR + 3.75%) |
9.19% | 11/09/2026 | 1,666 | 1,673,316 | ||||||||||
| ||||||||||||||
Hamilton Projects Acquiror LLC, Term Loan B(f) |
- | 05/22/2031 | 363 | 365,357 | ||||||||||
| ||||||||||||||
KAMC Holdings, Inc. (Franklin Energy Group), First Lien Term Loan B (6 mo. SOFR + 4.00%) |
9.60% | 08/14/2026 | 903 | 901,549 | ||||||||||
| ||||||||||||||
Lightstone Holdco LLC |
||||||||||||||
Term Loan B (1 mo. SOFR + 5.75%) |
11.08% | 01/29/2027 | 2,428 | 2,372,566 | ||||||||||
| ||||||||||||||
Term Loan C (1 mo. SOFR + 5.75%) |
11.08% | 01/29/2027 | 137 | 134,192 | ||||||||||
| ||||||||||||||
Talen Energy Supply LLC |
||||||||||||||
Term Loan B (1 mo. SOFR + 4.50%) |
8.83% | 05/17/2030 | 1,014 | 1,026,795 | ||||||||||
| ||||||||||||||
Term Loan C (1 mo. SOFR + 4.50%) |
8.83% | 05/17/2030 | 600 | 607,364 | ||||||||||
| ||||||||||||||
Vistra Zero Operating Co. LLC, Term Loan B (1 mo. SOFR + 2.75%) |
8.07% | 04/30/2031 | 939 | 946,819 | ||||||||||
| ||||||||||||||
10,806,920 | ||||||||||||||
| ||||||||||||||
Total Variable Rate Senior Loan Interests (Cost $406,101,038) |
393,515,657 | |||||||||||||
| ||||||||||||||
Shares | ||||||||||||||
Common Stocks & Other Equity Interests6.67%(k) |
||||||||||||||
Aerospace & Defense0.34% |
||||||||||||||
IAP Worldwide Services(d)(l) |
1,850,312 | 999,168 | ||||||||||||
| ||||||||||||||
IAP Worldwide Services(d)(l) |
296,283 | 296,283 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Shares | Value | |||||||||||||||
|
||||||||||||||||
Aerospace & Defense(continued) |
||||||||||||||||
IAP Worldwide Services, Inc. (Acquired 07/18/2014-02/08/2019; |
342 | $ | 0 | |||||||||||||
|
||||||||||||||||
1,295,451 | ||||||||||||||||
|
||||||||||||||||
Automotive0.01% |
||||||||||||||||
Cabonline (Acquired 10/30/2023; Cost $1) (Sweden)(d)(h) |
1,490,997 | 143 | ||||||||||||||
|
||||||||||||||||
Cabonline (Sweden)(d) |
1,272,507 | 61 | ||||||||||||||
|
||||||||||||||||
Cabonline (Acquired 10/30/2023; Cost $38,035) (Sweden)(d)(h) |
42,364,958 | 54,345 | ||||||||||||||
|
||||||||||||||||
54,549 | ||||||||||||||||
|
||||||||||||||||
Building & Development0.00% |
||||||||||||||||
Fagus Holdco PLC (Spain)(d) |
298 | 0 | ||||||||||||||
|
||||||||||||||||
Lake at Las Vegas Joint Venture LLC, Class A(d) |
780 | 0 | ||||||||||||||
|
||||||||||||||||
Lake at Las Vegas Joint Venture LLC, Class B(d) |
9 | 0 | ||||||||||||||
|
||||||||||||||||
0 | ||||||||||||||||
|
||||||||||||||||
Business Equipment & Services2.07% |
||||||||||||||||
Monitronics International, Inc. |
81,269 | 1,722,903 | ||||||||||||||
|
||||||||||||||||
My Alarm Center LLC, Class A (Acquired
03/09/2021-05/17/2024; |
25,611 | 6,058,006 | ||||||||||||||
|
||||||||||||||||
7,780,909 | ||||||||||||||||
|
||||||||||||||||
Chemicals & Plastics0.00% |
||||||||||||||||
Flint Group (ColourOz Inv) (Germany)(d) |
15,366 | 0 | ||||||||||||||
|
||||||||||||||||
Containers & Glass Products0.01% |
||||||||||||||||
Keter Group B.V. (Netherlands)(d) |
129,190,383 | 140 | ||||||||||||||
|
||||||||||||||||
Libbey Glass LLC |
7,940 | 39,700 | ||||||||||||||
|
||||||||||||||||
39,840 | ||||||||||||||||
|
||||||||||||||||
Electronics & Electrical0.08% |
||||||||||||||||
Diebold Nixdorf, Inc.(m) |
6,869 | 300,519 | ||||||||||||||
|
||||||||||||||||
Financial Intermediaries0.07% |
||||||||||||||||
RJO Holdings Corp.(d) |
2,851 | 142,578 | ||||||||||||||
|
||||||||||||||||
RJO Holdings Corp., Class A(d) |
2,314 | 115,693 | ||||||||||||||
|
||||||||||||||||
RJO Holdings Corp., Class B(d) |
3,000 | 30 | ||||||||||||||
|
||||||||||||||||
258,301 | ||||||||||||||||
|
||||||||||||||||
Forest Products0.73% |
||||||||||||||||
NewLife Forest Restoration LLC(d) |
19,650 | 2,730,411 | ||||||||||||||
|
||||||||||||||||
Home Furnishings0.11% |
||||||||||||||||
Serta Simmons Bedding LLC |
52,572 | 400,862 | ||||||||||||||
|
||||||||||||||||
Leisure Goods, Activities & Movies1.02% |
||||||||||||||||
Crown Finance US, Inc. |
99,652 | 1,768,824 | ||||||||||||||
|
||||||||||||||||
Crown Finance US, Inc. |
681 | 12,088 | ||||||||||||||
|
||||||||||||||||
USF S&H Holdco LLC (Acquired 12/02/2019; Cost $1,287,958)(d)(h) |
1,786 | 2,035,958 | ||||||||||||||
|
||||||||||||||||
Vue International Bidco PLC, Class A1 (United Kingdom)(d) |
987 | 0 | ||||||||||||||
|
||||||||||||||||
Vue International Bidco PLC, Class A2 (United Kingdom)(d) |
486,292 | 0 | ||||||||||||||
|
||||||||||||||||
Vue International Bidco PLC, Class A3 (United Kingdom)(d) |
302,703 | 0 | ||||||||||||||
|
||||||||||||||||
Vue International Bidco PLC, Class A4 (United Kingdom)(d) |
211,027 | 0 | ||||||||||||||
|
||||||||||||||||
3,816,870 | ||||||||||||||||
|
||||||||||||||||
Lodging & Casinos0.08% |
||||||||||||||||
Caesars Entertainment, Inc.(m) |
8,413 | 299,166 | ||||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Shares | Value | |||||||||||||||
|
||||||||||||||||
Oil & Gas1.80% |
||||||||||||||||
HGIM Corp.(d) |
13,962 | $ | 460,746 | |||||||||||||
|
||||||||||||||||
McDermott International Ltd. (Acquired 04/04/2018-03/21/2019; |
210,471 | 46,303 | ||||||||||||||
|
||||||||||||||||
McDermott International Ltd.(d) |
799,733 | 167,144 | ||||||||||||||
|
||||||||||||||||
Patterson-UTI Energy, Inc. |
33,092 | 364,674 | ||||||||||||||
|
||||||||||||||||
Samson Investment Co., Class A (Acquired 03/01/2017; Cost $3,246,273)(d)(h) |
84,254 | 9,268 | ||||||||||||||
|
||||||||||||||||
Seadrill Ltd. (Norway)(m) |
45,477 | 2,358,892 | ||||||||||||||
|
||||||||||||||||
Southcross Energy Partners L.P. (Acquired
08/05/2014-10/29/2020; |
73,367 | 0 | ||||||||||||||
|
||||||||||||||||
Talos Energy, Inc.(m) |
223,265 | 2,681,413 | ||||||||||||||
|
||||||||||||||||
Tribune Resources LLC (Acquired 04/03/2018; Cost $1,947,502)(h) |
382,888 | 677,329 | ||||||||||||||
|
||||||||||||||||
6,765,769 | ||||||||||||||||
|
||||||||||||||||
Radio & Television0.02% |
||||||||||||||||
iHeartMedia, Inc., Class A(m) |
101,257 | 93,723 | ||||||||||||||
|
||||||||||||||||
iHeartMedia, Inc., Class B(d)(m) |
17 | 32 | ||||||||||||||
|
||||||||||||||||
93,755 | ||||||||||||||||
|
||||||||||||||||
Retailers (except Food & Drug)0.01% |
||||||||||||||||
Claires Stores, Inc. |
446 | 6,690 | ||||||||||||||
|
||||||||||||||||
Toys R Us-Delaware, Inc.(d) |
17 | 0 | ||||||||||||||
|
||||||||||||||||
Vivarte S.A.S.U. (France)(d) |
241,195 | 47,108 | ||||||||||||||
|
||||||||||||||||
53,798 | ||||||||||||||||
|
||||||||||||||||
Surface Transport0.30% |
||||||||||||||||
Commercial Barge Line Co.(d) |
4,992 | 541,632 | ||||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045(d) |
30,886 | 19,304 | ||||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Wts., expiring 04/27/2045(d) |
5,248 | 569,408 | ||||||||||||||
|
||||||||||||||||
Hurtigruten (Explorer II AS), Wts. (Norway)(d) |
175,213 | 0 | ||||||||||||||
|
||||||||||||||||
1,130,344 | ||||||||||||||||
|
||||||||||||||||
Telecommunications0.02% |
||||||||||||||||
Avaya Holdings Corp. |
16,031 | 63,130 | ||||||||||||||
|
||||||||||||||||
Avaya, Inc. (Acquired 05/01/2023; Cost $43,620)(h) |
2,908 | 11,452 | ||||||||||||||
|
||||||||||||||||
74,582 | ||||||||||||||||
|
||||||||||||||||
Total Common Stocks & Other Equity Interests (Cost $44,746,416) |
25,095,126 | |||||||||||||||
|
||||||||||||||||
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
||||||||||||||
U.S. Dollar Denominated Bonds & Notes6.34% |
||||||||||||||||
Aerospace & Defense0.35% |
||||||||||||||||
Rand Parent LLC (n) |
8.50% | 02/15/2030 | $ | 1,339 | 1,310,030 | |||||||||||
|
||||||||||||||||
Air Transport0.09% |
||||||||||||||||
American Airlines, Inc. (n) |
8.50% | 05/15/2029 | 313 | 323,032 | ||||||||||||
|
||||||||||||||||
Automotive0.34% |
||||||||||||||||
Clarios Global L.P./Clarios US Finance Co. (n) |
6.75% | 05/15/2028 | 334 | 337,739 | ||||||||||||
|
||||||||||||||||
Panther Escrow Issuer LLC(n) |
7.13% | 06/01/2031 | 897 | 905,209 | ||||||||||||
|
||||||||||||||||
Wand NewCo 3, Inc.(n) |
7.63% | 01/30/2032 | 23 | 23,587 | ||||||||||||
|
||||||||||||||||
1,266,535 | ||||||||||||||||
|
||||||||||||||||
Building & Development0.93% |
||||||||||||||||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC (n) |
4.50% | 04/01/2027 | 1,190 | 1,104,503 | ||||||||||||
|
||||||||||||||||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC(n) |
5.75% | 05/15/2026 | 1,873 | 1,839,911 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal (000)(a) |
Value | |||||||||||||
|
||||||||||||||||
Building & Development(continued) |
||||||||||||||||
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC(n) |
6.75% | 04/01/2032 | $ | 173 | $ | 171,960 | ||||||||||
|
||||||||||||||||
Signal Parent, Inc.(n) |
6.13% | 04/01/2029 | 561 | 371,199 | ||||||||||||
|
||||||||||||||||
3,487,573 | ||||||||||||||||
|
||||||||||||||||
Business Equipment & Services0.66% |
||||||||||||||||
ADT Security Corp. (The) (n) |
4.13% | 08/01/2029 | 359 | 326,372 | ||||||||||||
|
||||||||||||||||
Allied Universal Holdco LLC(n) |
7.88% | 02/15/2031 | 703 | 701,509 | ||||||||||||
|
||||||||||||||||
Boost Newco Borrower LLC(n) |
7.50% | 01/15/2031 | 1,375 | 1,426,111 | ||||||||||||
|
||||||||||||||||
Cloud Software Group, Inc.(n) |
8.25% | 06/30/2032 | 38 | 38,407 | ||||||||||||
|
||||||||||||||||
2,492,399 | ||||||||||||||||
|
||||||||||||||||
Cable & Satellite Television0.54% |
||||||||||||||||
Altice Financing S.A. (Luxembourg) (n) |
5.75% | 08/15/2029 | 22 | 16,374 | ||||||||||||
|
||||||||||||||||
Altice Financing S.A. (Luxembourg)(n) |
5.00% | 01/15/2028 | 783 | 619,352 | ||||||||||||
|
||||||||||||||||
Altice France S.A. (France)(n) |
5.50% | 01/15/2028 | 328 | 230,000 | ||||||||||||
|
||||||||||||||||
Altice France S.A. (France)(n) |
5.50% | 10/15/2029 | 305 | 205,198 | ||||||||||||
|
||||||||||||||||
Virgin Media Secured Finance PLC (United Kingdom)(n) |
4.50% | 08/15/2030 | 1,133 | 950,746 | ||||||||||||
|
||||||||||||||||
VZ Secured Financing B.V. (Netherlands)(n) |
5.00% | 01/15/2032 | 5 | 4,247 | ||||||||||||
|
||||||||||||||||
2,025,917 | ||||||||||||||||
|
||||||||||||||||
Chemicals & Plastics0.97% |
||||||||||||||||
INEOS Finance PLC (Luxembourg) (n) |
7.50% | 04/15/2029 | 596 | 602,485 | ||||||||||||
|
||||||||||||||||
INEOS Quattro Finance 2 PLC (United Kingdom)(n) |
9.63% | 03/15/2029 | 350 | 369,432 | ||||||||||||
|
||||||||||||||||
SK Invictus Intermediate II S.a.r.l.(n) |
5.00% | 10/30/2029 | 2,068 | 1,837,227 | ||||||||||||
|
||||||||||||||||
Windsor Holdings III LLC(n) |
8.50% | 06/15/2030 | 801 | 837,891 | ||||||||||||
|
||||||||||||||||
3,647,035 | ||||||||||||||||
|
||||||||||||||||
Cosmetics & Toiletries0.11% |
||||||||||||||||
Bausch & Lomb Corp. (n) |
8.38% | 10/01/2028 | 422 | 429,912 | ||||||||||||
|
||||||||||||||||
Ecological Services & Equipment0.06% |
||||||||||||||||
GFL Environmental, Inc. (n) |
6.75% | 01/15/2031 | 228 | 232,849 | ||||||||||||
|
||||||||||||||||
Food Products0.01% |
||||||||||||||||
Sigma Holdco B.V. (Netherlands) (n) |
7.88% | 05/15/2026 | 36 | 35,047 | ||||||||||||
|
||||||||||||||||
Health Care0.12% |
||||||||||||||||
Global Medical Response, Inc. (g)(n) |
10.00% | 10/31/2028 | 301 | 293,033 | ||||||||||||
|
||||||||||||||||
Organon & Co./Organon Foreign Debt Co-Issuer B.V.(n) |
6.75% | 05/15/2034 | 176 | 175,588 | ||||||||||||
|
||||||||||||||||
468,621 | ||||||||||||||||
|
||||||||||||||||
Industrial Equipment0.68% |
||||||||||||||||
Chart Industries, Inc. (n) |
7.50% | 01/01/2030 | 882 | 909,482 | ||||||||||||
|
||||||||||||||||
EMRLD Borrower L.P./Emerald Co-Issuer, Inc.(n) |
6.63% | 12/15/2030 | 1,626 | 1,630,866 | ||||||||||||
|
||||||||||||||||
2,540,348 | ||||||||||||||||
|
||||||||||||||||
Insurance0.29% |
||||||||||||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer (n) |
7.00% | 01/15/2031 | 737 | 739,409 | ||||||||||||
|
||||||||||||||||
HUB International Ltd.(n) |
7.25% | 06/15/2030 | 343 | 348,738 | ||||||||||||
|
||||||||||||||||
1,088,147 | ||||||||||||||||
|
||||||||||||||||
Lodging & Casinos0.19% |
||||||||||||||||
Caesars Entertainment, Inc. (n) |
6.50% | 02/15/2032 | 188 | 186,022 | ||||||||||||
|
||||||||||||||||
Caesars Entertainment, Inc.(n) |
7.00% | 02/15/2030 | 218 | 220,491 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||||
|
||||||||||||||||
Lodging & Casinos(continued) |
||||||||||||||||
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc.(n) |
6.63% | 01/15/2032 | $ | 308 | $ | 306,600 | ||||||||||
|
||||||||||||||||
713,113 | ||||||||||||||||
|
||||||||||||||||
Radio & Television0.06% |
||||||||||||||||
iHeartCommunications, Inc. (n) |
4.75% | 01/15/2028 | 194 | 102,742 | ||||||||||||
|
||||||||||||||||
Univision Communications, Inc.(n) |
7.38% | 06/30/2030 | 133 | 126,155 | ||||||||||||
|
||||||||||||||||
228,897 | ||||||||||||||||
|
||||||||||||||||
Retailers (except Food & Drug)0.31% |
||||||||||||||||
Evergreen Acqco 1 L.P./TVI, Inc. (n) |
9.75% | 04/26/2028 | 1,080 | 1,146,244 | ||||||||||||
|
||||||||||||||||
Telecommunications0.59% |
||||||||||||||||
Connect Finco S.a.r.l./Connect US Finco LLC (United Kingdom) (n) |
6.75% | 10/01/2026 | 911 | 860,905 | ||||||||||||
|
||||||||||||||||
Windstream Escrow LLC/Windstream Escrow Finance Corp.(n) |
7.75% | 08/15/2028 | 1,447 | 1,360,777 | ||||||||||||
|
||||||||||||||||
2,221,682 | ||||||||||||||||
|
||||||||||||||||
Utilities0.04% |
||||||||||||||||
Calpine Corp. (n) |
4.50% | 02/15/2028 | 171 | 160,914 | ||||||||||||
|
||||||||||||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $22,431,819) |
23,818,295 | |||||||||||||||
|
||||||||||||||||
Non-U.S. Dollar Denominated Bonds & Notes3.15%(o) |
||||||||||||||||
Automotive0.27% |
||||||||||||||||
Cabonline Group Holding AB (Sweden) (Acquired 10/13/2023; |
14.00% | 03/19/2026 | SEK | 1,273 | 123,938 | |||||||||||
|
||||||||||||||||
Cabonline Group Holding AB (Sweden) (3 mo. STIBOR + 9.50%) |
13.44% | 04/19/2026 | SEK | 4,920 | 431,299 | |||||||||||
|
||||||||||||||||
Cabonline Group Holding AB (Sweden) (Acquired 10/12/2023; |
14.00% | 03/19/2026 | SEK | 2,545 | 247,877 | |||||||||||
|
||||||||||||||||
Conceria Pasubio S.p.A. (Italy) (3 mo. EURIBOR + 4.50%)(n)(p) |
8.41% | 09/30/2028 | EUR | 206 | 215,971 | |||||||||||
|
||||||||||||||||
1,019,085 | ||||||||||||||||
|
||||||||||||||||
Building & Development0.08% |
||||||||||||||||
APCOA Parking Holdings GmbH (Germany) (3 mo. EURIBOR + 5.00%)(n)(p) |
8.91% | 01/15/2027 | EUR | 272 | 297,109 | |||||||||||
|
||||||||||||||||
Fagus Holdco PLC (Spain)(d) |
0.00% | 09/05/2029 | EUR | 5 | 5,333 | |||||||||||
|
||||||||||||||||
302,442 | ||||||||||||||||
|
||||||||||||||||
Cable & Satellite Television0.19% |
||||||||||||||||
Altice Financing S.A. (Luxembourg)(n) |
3.00% | 01/15/2028 | EUR | 260 | 220,939 | |||||||||||
|
||||||||||||||||
Altice Finco S.A. (Luxembourg)(n) |
4.75% | 01/15/2028 | EUR | 756 | 501,566 | |||||||||||
|
||||||||||||||||
722,505 | ||||||||||||||||
|
||||||||||||||||
Electronics & Electrical0.38% |
||||||||||||||||
Cerved Group S.p.A. (Italy) (3 mo. EURIBOR + 5.25%)(n)(p) |
9.19% | 02/15/2029 | EUR | 660 | 705,569 | |||||||||||
|
||||||||||||||||
Versuni Group B.V. (Netherlands)(n) |
3.13% | 06/15/2028 | EUR | 753 | 734,317 | |||||||||||
|
||||||||||||||||
1,439,886 | ||||||||||||||||
|
||||||||||||||||
Financial Intermediaries1.63% |
||||||||||||||||
AnaCap (AFE S.A. SICAV-RAIF) (Italy) (3 mo. EURIBOR + 7.50%)(n)(p) |
11.34% | 07/15/2030 | EUR | 1,101 | 719,472 | |||||||||||
|
||||||||||||||||
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%)(n)(p) |
10.09% | 05/01/2026 | EUR | 632 | 484,039 | |||||||||||
|
||||||||||||||||
Garfunkelux Holdco 3 S.A. (Luxembourg)(n) |
6.75% | 11/01/2025 | EUR | 909 | 702,075 | |||||||||||
|
||||||||||||||||
Sherwood Financing PLC (United Kingdom)(n) |
4.50% | 11/15/2026 | EUR | 200 | 189,408 | |||||||||||
|
||||||||||||||||
Sherwood Financing PLC (United Kingdom)(n) |
6.00% | 11/15/2026 | GBP | 202 | 219,661 | |||||||||||
|
||||||||||||||||
Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 4.63%)(n)(p) |
8.45% | 11/15/2027 | EUR | 891 | 881,113 | |||||||||||
|
||||||||||||||||
Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 4.63%)(n)(p) |
8.45% | 11/15/2027 | EUR | 1,250 | 1,236,129 | |||||||||||
|
||||||||||||||||
Very Group Funding PLC (The) (United Kingdom)(n) |
6.50% | 08/01/2026 | GBP | 1,101 | 1,177,524 | |||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||||
|
||||||||||||||||
Financial Intermediaries(continued) |
||||||||||||||||
Very Group Funding PLC (The) (United Kingdom)(n) |
6.50% | 08/01/2026 | GBP | 490 | $ | 524,057 | ||||||||||
|
||||||||||||||||
6,133,478 | ||||||||||||||||
|
||||||||||||||||
Health Care0.14% |
||||||||||||||||
Kepler S.p.A. (Italy) (3 mo. EURIBOR + 5.75%)(n)(p) |
9.69% | 05/15/2029 | EUR | 486 | 533,346 | |||||||||||
|
||||||||||||||||
Industrial Equipment0.18% |
||||||||||||||||
Summer (BC) Holdco A S.a.r.l. (United Kingdom)(n) |
9.25% | 10/31/2027 | EUR | 630 | 673,567 | |||||||||||
|
||||||||||||||||
Leisure Goods, Activities & Movies0.13% |
||||||||||||||||
Deuce Finco PLC (United Kingdom) (3 mo. EURIBOR + 4.75%)(n)(p) |
8.69% | 06/15/2027 | EUR | 211 | 230,365 | |||||||||||
|
||||||||||||||||
Deuce Finco PLC (United Kingdom)(n) |
5.50% | 06/15/2027 | GBP | 211 | 255,456 | |||||||||||
|
||||||||||||||||
485,821 | ||||||||||||||||
|
||||||||||||||||
Surface Transport0.15% |
||||||||||||||||
Zenith Finco PLC (United Kingdom)(n) |
6.50% | 06/30/2027 | GBP | 632 | 551,145 | |||||||||||
|
||||||||||||||||
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $14,453,157) |
11,861,275 | |||||||||||||||
|
||||||||||||||||
Shares | ||||||||||||||||
Preferred Stocks1.21%(k) |
||||||||||||||||
Financial Intermediaries0.06% |
||||||||||||||||
RJO Holdings Corp., Series A-2, Pfd.(d) |
584 | 213,164 | ||||||||||||||
|
||||||||||||||||
Oil & Gas0.03% |
||||||||||||||||
McDermott International Ltd., Pfd.(d) |
618 | 123,533 | ||||||||||||||
|
||||||||||||||||
Southcross Energy Partners L.P., Series A, Pfd. (Acquired 05/07/2019-08/23/2019; Cost $291,940)(d)(h) |
292,193 | 1,724 | ||||||||||||||
|
||||||||||||||||
125,257 | ||||||||||||||||
|
||||||||||||||||
Surface Transport1.12% |
||||||||||||||||
Commercial Barge Line Co., Series B, Pfd.(d) |
21,989 | 2,463,868 | ||||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Series B, Pfd., Wts., expiring 04/27/2045(d) |
15,443 | 1,730,388 | ||||||||||||||
|
||||||||||||||||
4,194,256 | ||||||||||||||||
|
||||||||||||||||
Total Preferred Stocks (Cost $1,152,866) |
4,532,677 | |||||||||||||||
|
||||||||||||||||
TOTAL INVESTMENTS IN SECURITIES(q)122.05% (Cost $488,885,296) |
458,823,030 | |||||||||||||||
|
||||||||||||||||
BORROWINGS(19.29)% |
(72,500,000 | ) | ||||||||||||||
|
||||||||||||||||
OTHER ASSETS LESS LIABILITIES(2.76)% |
(10,400,278 | ) | ||||||||||||||
|
||||||||||||||||
NET ASSETS100.00% |
$ | 375,922,752 | ||||||||||||||
|
Investment Abbreviations:
EUR | - Euro | |
EURIBOR | - Euro Interbank Offered Rate | |
GBP | - British Pound Sterling | |
LIBOR | - London Interbank Offered Rate | |
LOC | - Letter of Credit | |
Pfd. | - Preferred | |
PIK | - Pay-in-Kind | |
SEK | - Swedish Krona | |
SOFR | - Secured Overnight Financing Rate | |
SONIA | - Sterling Overnight Index Average | |
STIBOR | - Stockholm Interbank Offered Rate | |
USD | - U.S. Dollar | |
Wts. | - Warrants |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Notes to Consolidated Schedule of Investments:
(a) | Principal amounts are denominated in U.S. dollars unless otherwise noted. |
(b) | 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. |
(c) | Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the 1933 Act) and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Funds portfolio generally have variable rates which adjust to a base, such as the Secured Overnight Financing Rate (SOFR), 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. |
(d) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(e) | All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding. |
(f) | This variable rate interest will settle after May 31, 2024, at which time the interest rate will be determined. |
(g) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
(h) | Restricted security. The aggregate value of these securities at May 31, 2024 was $13,125,911, which represented 3.49% of the Funds Net Assets. |
(i) | The borrower has filed for protection in federal bankruptcy court. |
(j) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2024 was $6,273,440, which represented 1.67% of the Funds Net Assets. |
(k) | Securities acquired through the restructuring of senior loans. |
(l) | Acquired through direct lending. Direct loans may be subject to liquidity and interest rate risk and certain direct loans may be deemed illiquid. |
(m) | Non-income producing security. |
(n) | Security purchased or received in a transaction exempt from registration under 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 May 31, 2024 was $35,674,237, which represented 9.49% of the Funds Net Assets. |
(o) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(p) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2024. |
(q) | Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Funds use of leverage. |
The aggregate value of securities considered illiquid at May 31, 2024 was $49,658,769, which represented 13.21% of the Funds Net Assets.
Open Forward Foreign Currency Contracts | ||||||||||||||||||
|
||||||||||||||||||
Unrealized Appreciation (Depreciation) |
||||||||||||||||||
Settlement | Contract to |
|||||||||||||||||
Date | Counterparty | Deliver | Receive | |||||||||||||||
|
||||||||||||||||||
Currency Risk |
||||||||||||||||||
|
||||||||||||||||||
07/31/2024 |
Bank of New York Mellon (The) | EUR | 10,361,170 | USD | 11,293,375 | $ | 22,057 | |||||||||||
|
||||||||||||||||||
06/28/2024 |
BNP Paribas S.A. | USD | 2,136,922 | EUR | 2,000,000 | 35,445 | ||||||||||||
|
||||||||||||||||||
06/28/2024 |
BNP Paribas S.A. | USD | 843,495 | SEK | 9,003,266 | 13,022 | ||||||||||||
|
||||||||||||||||||
06/28/2024 |
Canadian Imperial Bank of Commerce | USD | 1,791,014 | GBP | 1,409,374 | 5,095 | ||||||||||||
|
||||||||||||||||||
07/31/2024 |
Goldman Sachs International | EUR | 10,361,170 | USD | 11,292,381 | 21,062 | ||||||||||||
|
||||||||||||||||||
06/28/2024 |
Morgan Stanley and Co. International PLC | USD | 1,754,736 | GBP | 1,380,611 | 4,719 | ||||||||||||
|
||||||||||||||||||
06/28/2024 |
Morgan Stanley and Co. International PLC | USD | 28,035 | SEK | 302,451 | 738 | ||||||||||||
|
||||||||||||||||||
07/31/2024 |
Morgan Stanley and Co. International PLC | EUR | 10,206,526 | USD | 11,109,559 | 6,469 | ||||||||||||
|
||||||||||||||||||
06/28/2024 |
Royal Bank of Canada | USD | 1,732,482 | GBP | 1,362,932 | 4,443 | ||||||||||||
|
||||||||||||||||||
07/31/2024 |
Royal Bank of Canada | EUR | 252,662 | USD | 275,470 | 613 | ||||||||||||
|
||||||||||||||||||
Subtotal-Appreciation |
113,663 | |||||||||||||||||
|
||||||||||||||||||
Currency Risk |
||||||||||||||||||
|
||||||||||||||||||
06/28/2024 |
Bank of New York Mellon (The) | USD | 11,276,062 | EUR | 10,361,170 | (21,925 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
BNP Paribas S.A. | EUR | 11,031,170 | USD | 11,802,073 | (179,807 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
BNP Paribas S.A. | GBP | 1,354,398 | USD | 1,687,448 | (38,600 | ) | |||||||||||
|
||||||||||||||||||
07/31/2024 |
BNP Paribas S.A. | SEK | 9,062,192 | USD | 850,425 | (13,125 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
Canadian Imperial Bank of Commerce | GBP | 1,374,919 | USD | 1,710,498 | (41,702 | ) | |||||||||||
|
||||||||||||||||||
07/31/2024 |
Canadian Imperial Bank of Commerce | GBP | 1,409,374 | USD | 1,791,464 | (4,940 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
Goldman Sachs International | USD | 11,275,026 | EUR | 10,361,170 | (20,889 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
Morgan Stanley and Co. International PLC | EUR | 10,866,526 | USD | 11,632,507 | (170,538 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
Morgan Stanley and Co. International PLC | SEK | 91,651 | USD | 8,490 | (229 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
Morgan Stanley and Co. International PLC | USD | 11,092,452 | EUR | 10,206,526 | (6,288 | ) | |||||||||||
|
||||||||||||||||||
07/31/2024 |
Morgan Stanley and Co. International PLC | GBP | 1,380,611 | USD | 1,755,178 | (4,564 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
Royal Bank of Canada | GBP | 1,423,601 | USD | 1,774,942 | (39,298 | ) | |||||||||||
|
||||||||||||||||||
07/31/2024 |
Royal Bank of Canada | GBP | 1,362,932 | USD | 1,732,917 | (4,292 | ) | |||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Open Forward Foreign Currency Contracts(continued) | ||||||||||||||||||
|
||||||||||||||||||
Unrealized Appreciation (Depreciation) |
||||||||||||||||||
Settlement | Contract to |
|||||||||||||||||
Date | Counterparty | Deliver | Receive | |||||||||||||||
|
||||||||||||||||||
06/28/2024 |
State Street Bank & Trust Co. | EUR | 11,031,170 | USD | 11,783,331 | $(198,549 | ) | |||||||||||
|
||||||||||||||||||
06/28/2024 |
State Street Bank & Trust Co. | SEK | 9,214,066 | USD | 840,931 | (35,641 | ) | |||||||||||
|
||||||||||||||||||
07/31/2024 |
State Street Bank & Trust Co. | GBP | 15,443 | USD | 19,639 | (45 | ) | |||||||||||
|
||||||||||||||||||
Subtotal-Depreciation |
(780,432 | ) | ||||||||||||||||
|
||||||||||||||||||
Total Forward Foreign Currency Contracts |
$(666,769 | ) | ||||||||||||||||
|
Abbreviations:
| ||
EUR | - Euro | |
GBP | - British Pound Sterling | |
SEK | - Swedish Krona | |
USD | - U.S. Dollar |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund |
Notes to Quarterly Consolidated Schedule of Portfolio Holdings
May 31, 2024
(Unaudited)
NOTE 1Additional Valuation Information
Generally Accepted Accounting Principles (GAAP) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investments assigned level:
Level 1 - | Prices are determined using quoted prices in an active market for identical assets. | |
Level 2 - | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. | |
Level 3 - | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.s (the Adviser) assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
The following is a summary of the tiered valuation input levels, as of May 31, 2024. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the consolidated financial statements may materially differ from the value received upon actual sale of those investments.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Investments in Securities |
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Variable Rate Senior Loan Interests |
$ | | $ | 346,571,762 | $ | 46,943,895 | $ | 393,515,657 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||
Common Stocks & Other Equity Interests |
6,144,690 | 4,702,978 | 14,247,458 | 25,095,126 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
U.S. Dollar Denominated Bonds & Notes |
| 23,818,295 | | 23,818,295 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Non-U.S. Dollar Denominated Bonds & Notes |
| 11,855,942 | 5,333 | 11,861,275 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Preferred Stocks |
| | 4,532,677 | 4,532,677 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Total Investments in Securities |
6,144,690 | 386,948,977 | 65,729,363 | 458,823,030 | ||||||||||||||||||||||||
|
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Other Investments - Assets* |
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Investments Matured |
| | 222,913 | 222,913 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Forward Foreign Currency Contracts |
| 113,663 | | 113,663 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
| 113,663 | 222,913 | 336,576 | |||||||||||||||||||||||||
|
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Other Investments - Liabilities* |
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Forward Foreign Currency Contracts |
| (780,432 | ) | | (780,432 | ) | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Total Other Investments |
| (666,769 | ) | 222,913 | (443,856 | ) | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Total Investments |
$ | 6,144,690 | $ | 386,282,208 | $ | 65,952,276 | $ | 458,379,174 | ||||||||||||||||||||
|
* | Forward foreign currency contracts are valued at unrealized appreciation (depreciation). Investments matured are shown at value. |
A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) during the three months ended May 31, 2024:
Value 02/29/24 |
Purchases at Cost |
Proceeds from Sales |
Accrued Discounts/ Premiums |
Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Transfers into Level 3** |
Transfers out of Level 3** |
Value 05/31/24 | ||||||||||||||||||||||||||
Variable Rate Senior Loan Interests | $ | 45,440,730 | $ | 9,837,728 | $ | (6,830,251 | ) | $ | 124,763 | $ | (744,052 | ) | $ 696,896 | $ | 6,194,231 | $ | (7,776,150 | ) | $46,943,895 | |||||||||||||||
Common Stocks & Other Equity Interests | 11,321,331 | 3,725,871 | (1,160,670 | ) | | | (47,463) | 408,389 | | 14,247,458 | ||||||||||||||||||||||||
Preferred Stocks | 4,699,998 | | | | | (167,321) | | | 4,532,677 | |||||||||||||||||||||||||
Investments Matured | 306,850 | | (204,724 | ) | | | 120,787 | | | 222,913 | ||||||||||||||||||||||||
Non-U.S. Dollar Denominated Bonds & Notes |
5,312 | | | | | 21 | | | 5,333 | |||||||||||||||||||||||||
Municipal Obligations | 2,026,979 | | (2,465,639 | ) | 3,628 | | 435,032 | | | | ||||||||||||||||||||||||
Total |
$ | 63,801,200 | $ | 13,563,599 | $ | (10,661,284 | ) | $ | 128,391 | $ | (744,052 | ) | $1,037,952 | $ | 6,602,620 | $ | (7,776,150 | ) | $65,952,276 |
** Transfers into and out of Level 3 are due to increases or decreases in market activity impacting the available market inputs to determine the price.
Invesco Senior Loan Fund |
Securities determined to be Level 3 at the end of the reporting period were valued primarily by utilizing evaluated prices from a third-party vendor pricing service. A significant change in third-party pricing information could result in a lower or higher value in Level 3 investments.
The following table summarizes the valuation techniques and significant unobservable inputs used in determining fair value measurements for those investments classified as level 3 at period end:
Fair Value at 05/31/24 |
Valuation Technique |
Unobservable Inputs |
Range of Unobservable Inputs |
Unobservable Input Used |
||||||||||
My Alarm Center LLC, Class A | $6,058,006 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
NAS LLC (d.b.a. Nationwide Marketing Group), Term Loan | 4,793,471 | Valuation Service | N/A | N/A | N/A | (a) |
(a) | Securities classified as Level 3 whose unadjusted values were provided by a pricing service and for which such inputs are unobservable. The valuation is based on an enterprise value approach that utilizes a multiple of the last twelve months earnings before interest, taxes, depreciation and amortization of comparable public companies. The Adviser reviews the valuation reports provided by the valuation service on an on-going basis and monitors such investments for additional information or the occurrence of a market event which would warrant a re-evaluation of the securitys fair valuation. |
(b) | Securities classified as Level 3 whose unadjusted values were provided by a pricing service and for which such inputs are unobservable. The valuations are based on certain methods used to determine market yields in order to establish a discount rate of return given market conditions and prevailing lending standards. Future expected cash flows are discounted back to the present value using these discount rates in the discounted cash flow analysis. The Adviser reviews the valuation reports provided by the valuation service on an on-going basis and monitors such investments for additional information or the occurrence of a market event which would warrant a re-evaluation of the securitys fair valuation. |
Invesco Senior Loan Fund |