Invesco Dynamic Credit Opportunity Fund NPORT-P Invesco Dynamic Credit Opportunity Fund (Nov 2023 report)

Consolidated Schedule of Investments

November 30, 2023

(Unaudited)

	Interest Rate		Maturity Date		Principal Amount (000)(a)				Value
Variable Rate Senior Loan Interests–94.76%(b)(c)(d)
Aerospace & Defense–7.52%
ADB Safegate (ADBAS/CEP IV) (Luxembourg), Term Loan B (3 mo. EURIBOR + 4.75%)		8.55%		10/03/2026		EUR		4,000	$  3,894,111
FDH Group Acquisition, Inc., Term Loan A (3 mo. Term SOFR + 6.65%)(e)(f)		12.04%		10/01/2025			$	22,247	22,247,468
NAC Aviation 8 Ltd. (Ireland)
Revolver Loan(f)(g)		0.00%		12/31/2026				1,642	1,642,458
Term Loan (1 mo. USD LIBOR + 4.11%)(f)		9.43%		12/31/2026				1,875	0
Term Loan (1 mo. Term SOFR + 4.11%)(f)		9.43%		12/31/2026				1,915	0
									27,784,037
Automotive–8.65%
Constellation Auto (CONSTE/BCA) (United Kingdom), Second Lien Term Loan B-1 (6 mo. SONIA + 7.50%)		12.68%		07/27/2029		GBP		4,668	4,208,900
First Brands Group Intermediate LLC, Term Loan B (6 mo. SOFR + 5.43%)		10.88%		03/30/2027				591	582,098
Muth Mirror Systems LLC
Revolver Loan (3 mo. Term SOFR + 6.90%)(e)(f)		12.29%		04/23/2025				1,677	1,537,992
Term Loan (3 mo. Term SOFR + 7.04%)(e)(f)		12.42%		04/23/2025				18,608	17,063,061
Transtar Industries, Inc., Term Loan A (3 mo. Term SOFR + 7.40%)(e)(f)		12.79%		01/22/2027				8,544	8,578,148
									31,970,199
Beverage & Tobacco–0.40%
City Brewing Co. LLC, Term Loan B (h)		–		03/31/2028				1,804	1,466,831
Building & Development–1.38%
Corialis (United Kingdom), Term Loan B (1 mo. SONIA + 4.43%)		9.62%		07/06/2028		GBP		678	790,710
Empire Today LLC, Term Loan B (1 mo.Term SOFR + 5.00%)		10.46%		04/01/2028				1,512	1,128,679
Interior Logic Group, Inc., Term Loan B (1 mo.Term SOFR + 3.50%)		8.95%		04/01/2028				1,063	890,057
LBM Holdings LLC, First Lien Term Loan (1 mo.Term SOFR + 3.75%)		9.20%		12/17/2027				5	4,960
LHS Borrow LLC (Leaf Home Solutions), Term Loan (1 mo.Term SOFR + 4.75%)		10.20%		02/16/2029				1,654	1,463,017
Mayfair Mall LLC, Term Loan (1 mo. Term SOFR + 3.36%)(f)		8.68%		04/20/2024				899	822,917
									5,100,340
Business Equipment & Services–15.33%
Allied Universal Holdco LLC (USAGM Holdco LLC/UNSEAM)
Incremental Term Loan (1 mo.Term SOFR + 4.75%)		10.10%		05/11/2028				1,685	1,669,411
Term Loan (3 mo. EURIBOR + 3.75%)		7.60%		05/12/2028		EUR		95	98,972
Checkout Holding Corp., Term Loan (3 mo. Term SOFR + 9.50%)		14.87%		05/10/2027				233	132,349
Citrix Systems, Inc., Term Loan B (1 mo.Term SOFR + 4.50%)		9.99%		03/30/2029				600	576,458
CRCI Longhorn Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.25%)		12.70%		08/08/2026				86	83,328
CV Intermediate Holdco Corp. (Class Valuation)
Delayed Draw Term Loan (3 mo. Term SOFR + 6.40%)(e)(f)		11.78%		03/31/2026				8,064	7,668,743
First Lien Term Loan (3 mo. Term SOFR + 6.40%)(e)(f)		11.78%		03/31/2026				8,304	7,896,734
Revolver Loan(e)(f)(g)		0.00%		03/31/2026				662	629,939
Revolver Loan (3 mo. Term SOFR + 6.40%)(e)(f)		11.78%		03/31/2026				599	569,945
Dun & Bradstreet Corp. (The)
Revolver Loan(f)(h)		–		09/11/2025				269	267,436
Revolver Loan(f)(g)		0.00%		09/11/2025				3,545	3,521,241
Lamark Media Group LLC
Delayed Draw Term Loan (3 mo. Term SOFR + 5.85%)(e)(f)		11.24%		10/14/2027				1,517	1,510,410
Revolver Loan(e)(f)(g)		0.00%		10/14/2027				560	558,002
Revolver Loan (3 mo. Term SOFR + 5.85%)(e)(f)		11.15%		10/14/2027				458	456,547
Term Loan (3 mo. Term SOFR + 5.85%)(e)(f)		11.24%		10/14/2027				7,006	6,977,561
Monitronics International, Inc., Term Loan (3 mo.Term SOFR + 7.50%)		13.14%		06/30/2028				6,073	6,093,457

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

	Interest Rate		Maturity Date		Principal Amount (000)(a)				Value
Business Equipment & Services–(continued)
NAS LLC (d.b.a. Nationwide Marketing Group)
First Lien Term Loan (3 mo. Term SOFR + 6.65%)(e)(f)		12.04%		06/03/2024			$	2,751	$    2,737,335
Revolver Loan (3 mo. Term SOFR + 6.65%)(e)(f)		12.04%		06/03/2024				184	182,983
Revolver Loan(e)(f)(g)		0.00%		06/03/2024				736	731,935
Term Loan (3 mo. Term SOFR + 6.65%)(e)(f)		12.04%		06/03/2024				8,784	8,740,438
Term Loan (3 mo. Term SOFR + 6.65%)(e)(f)		12.04%		06/03/2024				1,669	1,660,442
Prometric Holdings, Inc., Term Loan (3 mo.Term SOFR + 3.00%)		10.71%		01/31/2028				469	464,704
Protect America, Revolver Loan(f)(h)		–		09/01/2024				808	751,695
Solera (Polaris Newco LLC), Term Loan B (1 mo. SONIA + 5.25%)		10.44%		06/05/2028		GBP		1,369	1,628,826
Spin Holdco, Inc., Term Loan (3 mo.Term SOFR + 4.00%)		9.66%		03/04/2028				335	292,366
UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 4.75%)(f)		13.25%		03/20/2027				932	769,125
									56,670,382
Cable & Satellite Television–7.48%
Altice Financing S.A. (Alt-Intl) (Luxembourg)
Term Loan (3 mo. EURIBOR + 5.00%)		8.93%		10/31/2027		EUR		541	563,325
Term Loan B (3 mo. EURIBOR + 5.00%)		8.97%		10/31/2027		EUR		1,992	2,076,031
CSC Holdings LLC, Term Loan B (1 mo.Term SOFR + 4.50%)		9.82%		01/15/2028				1	260
Lightning Finco Ltd. (LiveU) (United Kingdom)
Term Loan B (3 mo. EURIBOR + 5.50%)(e)(f)		9.35%		09/01/2028		EUR		1,886	2,019,826
Term Loan B-1 (3 mo. Term SOFR + 5.61%)(e)(f)		10.92%		08/31/2028				18,375	17,897,392
SFR-Numericable (YPSO, Alt-Fr) (France), Term Loan B-14 (3 mo. EURIBOR + 5.50%)		9.47%		08/31/2028		EUR		5,479	5,071,539
									27,628,373
Chemicals & Plastics–2.82%
Flint Group (ColourOz Inv) (Germany)
First Lien Term Loan C(h)		–		09/21/2024				1	100
Second Lien Term Loan B-2 (3 mo. USD LIBOR + 4.25%)(f)		9.91%		09/21/2024				32	9,653
Term Loan (3 mo. Term SOFR + 8.26%)		9.14%		06/30/2026				3	3,155
Ineos Quattro Holdings UK Ltd., Term Loan B (1 mo.Term SOFR + 4.25%)		9.70%		04/03/2029				255	248,877
Trinseo Materials Operating S.C.A.
Incremental Term Loan (1 mo.Term SOFR + 2.50%)		7.96%		05/03/2028				1,583	1,204,315
Term Loan A(f)(h)		–		05/03/2028				191	197,936
Term Loan B(h)		–		05/03/2028				1,402	1,474,812
V Global Holdings LLC (aka Vertellus)
Revolver Loan(e)(f)(g)		0.00%		12/22/2025				310	298,511
Revolver Loan (1 mo. USD LIBOR + 5.75%)(e)(f)		11.17%		12/22/2025				386	371,895
Term Loan (6 mo. Term SOFR + 6.00%)(e)(f)		11.43%		12/22/2027				6,861	6,607,334
									10,416,588
Conglomerates–0.14%
Safe Fleet Holdings LLC
First Lien Incremental Term Loan (1 mo.Term SOFR + 5.00%)(f)		10.44%		02/23/2029				244	245,697
Second Lien Term Loan (1 mo.Term SOFR + 6.75%)		12.20%		02/02/2026				297	288,970
									534,667
Containers & Glass Products–7.49%
Keg Logistics LLC
Revolver Loan(e)(f)(g)		0.00%		11/23/2027				496	472,421
Revolver Loan (3 mo. Term SOFR + 6.15%)(e)(f)		11.53%		11/23/2027				1,366	1,302,038
Term Loan A (1 mo. USD LIBOR + 6.00%)(e)(f)		11.53%		11/16/2027				21,086	20,095,063
Keter Group B.V. (Netherlands)
Term Loan (3 mo. EURIBOR + 8.00%)(f)		11.97%		12/31/2024		EUR		111	119,517
Term Loan B-1 (3 mo. EURIBOR + 4.25%)		8.22%		03/31/2025		EUR		3,763	3,719,373
Term Loan B-3-A(h)		–		03/31/2025		EUR		2,000	1,976,989
									27,685,401
Ecological Services & Equipment–0.11%
TruGreen L.P., Second Lien Term Loan (3 mo.Term SOFR + 8.76%)		14.14%		11/02/2028				609	407,163

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

	Interest Rate		Maturity Date		Principal Amount (000)(a)				Value
Electronics & Electrical–4.92%
Boxer Parent Co., Inc., Term Loan B (1 mo. EURIBOR + 4.00%)		7.85%		10/02/2025		EUR		131	$       142,165
CommScope, Inc., Term Loan (1 mo.Term SOFR + 3.25%)		8.71%		04/06/2026			$	1,277	1,122,616
GoTo Group, Inc. (LogMeIn), First Lien Term Loan (3 mo.Term SOFR + 4.75%)		10.28%		08/31/2027				2,962	1,970,031
Imperva, Inc., Second Lien Term Loan (3 mo. Term SOFR + 8.01%)		13.38%		01/11/2027				602	605,919
Infinite Electronics, Second Lien Term Loan (3 mo.Term SOFR + 7.00%)		12.64%		03/02/2029				473	411,532
Learning Pool (Brook Bidco Ltd.) (United Kingdom)
Term Loan (3 mo. SONIA + 6.87%)(f)		12.06%		08/17/2028		GBP		565	698,673
Term Loan 2 (3 mo. Term SOFR + 6.93%)(f)		12.32%		08/17/2028				730	705,516
Mavenir Systems, Inc., Term Loan B (3 mo.Term SOFR + 4.75%)		10.39%		08/13/2028				1,716	1,256,232
Natel Engineering Co., Inc., Term Loan (1 mo.Term SOFR + 6.25%)		11.70%		04/29/2026				3,455	2,997,431
Native Instruments (Music Creation Group GMBH/APTUS) (Germany), Term Loan (3 mo. EURIBOR + 6.00%)(f)		9.80%		03/03/2028		EUR		1,267	1,319,451
Riverbed Technology, Inc., Term Loan (3 mo. Term SOFR + 2.50%)		9.89%		07/01/2028				1,535	1,064,212
Sandvine Corp., Second Lien Term Loan (1 mo.Term SOFR + 8.00%)(f)		13.45%		11/02/2026				322	238,047
Severin Acquisition LLC, First Lien Term Loan (1 mo.Term SOFR + 3.25%)		8.63%		08/01/2027				129	129,196
SonicWall U.S. Holdings, Inc., Term Loan B (1 mo.Term SOFR + 5.00%)		10.39%		05/16/2028				1,077	1,044,430
Utimaco (Germany)
Term Loan B-1 (6 mo. EURIBOR + 6.00%)(f)		10.28%		05/31/2029		EUR		2,932	2,964,738
Term Loan B-2 (3 mo. Term SOFR + 6.25%)(f)		11.99%		05/31/2029				1,645	1,527,009
									18,197,198
Food Products–8.93%
Alphia, Term Loan B (1 mo.Term SOFR + 5.00%)		10.39%		09/23/2030				1,217	1,148,723
Biscuit Hld S.A.S.U. (BISPOU/Cookie Acq) (France), First Lien Term Loan (6 mo. EURIBOR + 4.00%)		8.14%		02/15/2027		EUR		5,013	4,714,003
BrightPet (AMCP Pet Holdings, Inc.)
Incremental Term Loan B (3 mo. Term SOFR + 6.25%)(e)(f)		12.54%		10/05/2026				4,215	4,096,651
Revolver Loan (3 mo. Term SOFR + 7.15%)(e)(f)		12.54%		10/05/2026				662	643,086
Revolver Loan(e)(f)(g)		0.00%		10/05/2026				805	782,257
Term Loan (3 mo. Term SOFR + 7.15%)(e)(f)		12.54%		10/05/2026				4,099	3,984,671
Florida Food Products LLC, Second Lien Term Loan (1 mo. USD LIBOR + 8.00%)(f)		13.46%		10/08/2029				1,028	796,476
H-Food Holdings LLC
Incremental Term Loan B-3 (1 mo. USD LIBOR + 5.00%)		10.58%		05/23/2025				155	129,205
Term Loan (1 mo. USD LIBOR + 3.69%)		9.27%		05/23/2025				19	14,786
Shearer’s Foods LLC, Second Lien Term Loan (1 mo. USD LIBOR + 7.75%)		13.21%		09/22/2028				161	156,692
Sigma Bidco (Netherlands), Term Loan B (1 mo.Term SOFR + 4.75%)		8.21%		01/02/2028				697	678,186
Teasdale Foods, Inc., Term Loan (3 mo. Term SOFR + 6.50%)(e)(f)		11.84%		12/18/2025				15,995	14,651,903
Valeo Foods (Jersey) Ltd. (Ireland), Term Loan B (6 mo. EURIBOR + 4.00%)		8.14%		09/29/2028		EUR		1,162	1,187,507
									32,984,146
Food Service–1.93%
Areas (Telfer Inv/Financiere Pax), Term Loan B (6 mo. EURIBOR + 4.75%)		8.49%		07/01/2026		EUR		6,762	7,121,169
Forest Products–0.37%
NewLife Forest Restoration LLC, Term Loan (f)(h)		–		01/31/2024				1,375	1,374,852
Health Care–8.40%
Acacium (Impala Bidco Ltd./ICS US, Inc.) (United Kingdom), Incremental Term Loan B (1 mo.Term SOFR + 5.25%)(f)		9.91%		06/08/2028				955	897,900
Inovie Group Bidco (Labosud) (France), Term Loan B (3 mo. EURIBOR + 5.00%)		8.97%		03/03/2028		EUR		2,000	2,077,479
MB2 Dental Solutions LLC
Delayed Draw Term Loan (1 mo. Term SOFR + 6.10%)(e)(f)		11.45%		01/29/2027				3,095	3,064,483
Delayed Draw Term Loan (1 mo. Term SOFR + 6.10%)(e)(f)		11.45%		01/29/2027				8,591	8,504,700
Term Loan (1 mo. Term SOFR + 6.10%)(e)(f)		11.45%		01/29/2027				8,607	8,520,781
MedAssets Software Intermediate Holdings, Inc. (nThrive TSG), Second Lien Term Loan (1 mo.Term SOFR + 6.75%)		12.21%		12/17/2029				638	379,541
SDB Holdco LLC (Specialty Dental Brands)
Delayed Draw Term Loan (1 mo. Term SOFR + 9.10%)(e)(f)		14.42%		03/17/2027				3,134	2,739,287
Term Loan (1 mo. Term SOFR + 7.10%)(e)(f)		14.42%		03/09/2027				4,838	4,228,024
Women’s Care Holdings, Inc. LLC, Second Lien Term Loan (3 mo.Term SOFR + 8.25%)		13.63%		01/15/2029				431	375,176

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

	Interest Rate		Maturity Date		Principal Amount (000)(a)				Value
Health Care–(continued)
Zentiva (AI Sirona Lux Acq) (Luxembourg), Term Loan B (3 mo. EURIBOR + 5.00%)		8.85%		09/30/2028		EUR		233	$       254,702
									31,042,073
Home Furnishings–1.19%
Hilding Anders AB (Sweden)
PIK Term Loan; 12.00% PIK Rate, 2.84% Cash Rate(f)(i)		12.00%		12/31/2024		EUR		38	0
Term Loan(f)(h)		–		12/31/2024		EUR		5,480	0
Term Loan (6 mo. EURIBOR + 5.00%)		9.11%		02/28/2026		EUR		5,234	1,709,239
Term Loan (6 mo. EURIBOR + 10.00%)(f)		13.97%		12/31/2026		EUR		399	423,631
Term Loan (3 mo. EURIBOR + 10.00%)(f)		13.97%		12/31/2026		EUR		513	544,616
Term Loan (6 mo. EURIBOR)(f)		3.97%		02/26/2027		EUR		5,009	0
Serta Simmons Bedding LLC, Term Loan (1 mo.Term SOFR + 7.50%)		12.82%		06/29/2028			$	1,701	1,663,113
Weber-Stephen Products LLC, Incremental Term Loan B (1 mo.Term SOFR + 4.25%)		9.70%		10/30/2027				73	62,682
									4,403,281
Industrial Equipment–1.96%
Deliver Buyer, Inc. (MHS Holdings), Term Loan B (3 mo.Term SOFR + 5.50%)		10.90%		06/08/2029				1,062	930,957
Kantar (Summer BC Bidco/KANGRP) (United Kingdom)
Revolver Loan(f)(g)		0.00%		06/04/2026				1,593	1,473,902
Revolver Loan (1 mo. USD LIBOR + 3.53%)(f)		8.72%		06/04/2026				572	529,396
Term Loan B (3 mo.Term SOFR + 5.00%)		10.66%		12/04/2026				1,359	1,330,088
Robertshaw US Holding Corp.
First Lien Term Loan (3 mo. Term SOFR + 3.24%)(f)		8.63%		02/28/2027				327	329,920
Revolver Loan(f)(g)		0.00%		06/24/2027				230	229,719
Second Lien Term Loan (3 mo. Term SOFR + 7.24%)		12.49%		02/28/2027				456	374,829
Third Lien Term Loan (3 mo. Term SOFR + 5.60%)(f)		10.99%		02/28/2027				610	396,475
Tank Holding Corp.
Revolver Loan (1 mo. Term SOFR + 5.85%)(f)		11.16%		03/31/2028				23	22,822
Revolver Loan(f)(g)		0.00%		03/31/2028				153	148,342
Term Loan (1 mo.Term SOFR + 6.00%)		11.20%		03/31/2028				1,322	1,269,002
Victory Buyer LLC (Vantage Elevator), Second Lien Term Loan (3 mo.Term SOFR + 7.00%)(f)		12.64%		11/19/2029				258	222,914
									7,258,366
Leisure Goods, Activities & Movies–6.43%
Crown Finance US, Inc., Term Loan (1 mo.Term SOFR + 8.50%)		7.38%		07/31/2028				2,508	2,564,129
Parques Reunidos (Piolin Bidco S.A.U.) (Spain)
Revolver Loan(g)		0.00%		03/16/2026				1,433	1,489,689
Revolver Loan (1 mo. EURIBOR + 3.50%)		7.34%		03/16/2026		EUR		1,026	1,066,289
Royal Caribbean Cruises Ltd.
Revolver Loan(f)(g)		0.00%		04/05/2024				3,562	3,295,108
Revolver Loan(f)(h)		–		04/12/2024				264	253,941
Revolver Loan(f)(g)		0.00%		04/12/2024				949	910,584
Scenic (Columbus Capital B.V.) (Australia), Term Loan (3 mo. EURIBOR + 3.75%)		7.72%		02/27/2027		EUR		1,200	1,042,536
USF S&H Holdco LLC
Term Loan A (3 mo. Term SOFR + 8.00%)(e)(f)		8.00%		06/30/2025				808	808,166
Term Loan A(e)(f)(g)		0.00%		06/30/2025				1,028	1,028,329
Term Loan B (3 mo. Term SOFR + 4.90%)(e)(f)		10.29%		06/30/2025				10,491	10,490,684
Vue International Bidco PLC (United Kingdom), Term Loan (6 mo. EURIBOR + 8.50%)		6.50%		12/31/2027		EUR		2,181	795,146
									23,744,601
Lodging & Casinos–1.70%
HotelBeds (United Kingdom), Term Loan D (6 mo. EURIBOR + 5.25%)		9.23%		09/12/2027		EUR		5,774	6,274,853
Nonferrous Metals & Minerals–0.21%
Form Technologies LLC, First Lien Term Loan (3 mo.Term SOFR + 9.00%)		14.49%		10/22/2025				1,049	794,087

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

	Interest Rate		Maturity Date		Principal Amount (000)(a)				Value
Oil & Gas–2.47%
McDermott International Ltd.
LOC(g)		0.00%		06/30/2024			$	4,084	$    2,909,346
LOC (3 mo. Term SOFR + 4.26%)(f)		9.66%		06/30/2024				1,474	663,352
LOC(g)		0.00%		12/31/2026				1,045	904,157
LOC (3 mo. Term SOFR + 5.01%)(f)		10.41%		12/31/2026				327	269,915
PIK Second Lien Term Loan, 3.00% PIK Rate, 6.46% Cash Rate(i)		3.00%		06/30/2025				975	454,320
Term Loan (1 mo.Term SOFR + 3.11%)(f)		8.46%		06/30/2024				180	130,615
Term Loan (3 mo. Term SOFR + 7.76%)(f)		13.16%		12/31/2026				982	967,520
Petroleum GEO-Services ASA (Norway), Term Loan (1 mo. USD LIBOR + 7.00%)		12.65%		03/19/2024				293	293,778
QuarterNorth Energy, Inc., Second Lien Term Loan (1 mo.Term SOFR + 8.00%)		13.46%		08/27/2026				2,551	2,549,160
									9,142,163
Publishing–1.19%
Cengage Learning, Inc., Term Loan B (3 mo.Term SOFR + 4.75%)		10.41%		06/29/2026				2,323	2,324,342
Harbor Purchaser, Inc. (Houghton Mifflin Harcourt), First Lien Term Loan B (1 mo.Term SOFR + 5.25%)		10.70%		04/09/2029				2,126	2,064,899
									4,389,241
Radio & Television–0.23%
Diamond Sports Holdings LLC, Second Lien Term Loan (j)(k)		0.00%		08/24/2026				2,582	63,485
iHeartCommunications, Inc., Second Lien Incremental Term Loan (1 mo.Term SOFR + 3.25%)		8.71%		05/01/2026				941	786,132
Nexstar Broadcasting, Inc., Term Loan B-4 (1 mo.Term SOFR + 2.50%)		7.96%		09/18/2026				1	319
									849,936
Retailers (except Food & Drug)–1.13%
Douglas (Kirk Beauty GmbH) (Germany)
Term Loan B-1 (6 mo. EURIBOR + 5.25%)		9.18%		04/08/2026		EUR		849	913,924
Term Loan B-2 (6 mo. EURIBOR + 5.25%)		9.18%		04/08/2026		EUR		489	526,721
Term Loan B-3 (6 mo. EURIBOR + 5.25%)		9.18%		04/08/2026		EUR		692	744,953
Term Loan B-4 (6 mo. EURIBOR + 5.25%)		9.18%		04/08/2026		EUR		1,499	1,613,183
Term Loan B-5 (6 mo. EURIBOR + 5.25%)		9.18%		04/08/2026		EUR		334	359,205
									4,157,986
Telecommunications–1.62%
Cincinnati Bell, Inc., Term Loan B-2 (1 mo.Term SOFR + 3.25%)		8.70%		11/22/2028				28	28,131
MLN US HoldCo LLC (dba Mitel)
Second Lien Term Loan B-1 (3 mo. Term SOFR + 6.80%)		12.20%		11/01/2027				3,739	729,087
Term Loan (3 mo. Term SOFR + 6.54%)		11.94%		11/01/2027				1,591	954,511
Third Lien Term Loan (3 mo. Term SOFR + 9.35%)(f)		14.75%		11/01/2027				1,874	234,313
Telesat LLC, Term Loan B-5 (1 mo.Term SOFR + 2.75%)		8.40%		12/07/2026				1,740	1,189,781
U.S. TelePacific Corp.
First Lien Term Loan (3 mo. Term SOFR + 1.15%)		6.57%		05/02/2026				1,012	394,989
Third Lien Term Loan(f)(h)		–		05/02/2027				100	0
ViaSat, Inc., Term Loan B (1 mo.Term SOFR + 4.50%)		9.94%		05/30/2030				901	869,228
Zayo Group Holdings, Inc., Incremental Term Loan (1 mo.Term SOFR + 4.25%)		9.67%		03/09/2027				1,838	1,577,263
									5,977,303
Utilities–0.76%
Lightstone Holdco LLC
Term Loan B (1 mo.Term SOFR + 5.75%)		11.13%		02/01/2027				1,080	1,018,811
Term Loan C (1 mo.Term SOFR + 5.75%)		11.13%		02/01/2027				61	57,618
Nautilus Power LLC, Term Loan (1 mo.Term SOFR + 5.25%)		10.90%		11/16/2026				2,189	1,718,048
									2,794,477
Total Variable Rate Senior Loan Interests (Cost $384,169,237)									350,169,713
							Shares
Common Stocks & Other Equity Interests–16.79%(l)
Aerospace & Defense–0.00%
IAP Worldwide Services, Inc. (Acquired 07/18/2014-08/18/2014; Cost $239,759)(f)(m)								221	11

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

	Shares		Value
Aerospace & Defense–(continued)
NAC Aviation 8 Ltd. (Ireland)(f)		51,776	$                  0
			11
Automotive–0.02%
Cabonline (Sweden)		1,908,761	2
Cabonline (Sweden)		63,547,434	60,499
Cabonline (Sweden)		2,236,496	2
			60,503
Building & Development–0.00%
Haya (Holdco2 PLC/Real Estate SAU) (Spain)(f)		5,422	0
Lake at Las Vegas Joint Venture LLC, Class A(f)		2,338	0
Lake at Las Vegas Joint Venture LLC, Class B(f)		28	0
			0
Business Equipment & Services–3.79%
Monitronics International, Inc. (Acquired 06/30/2023; Cost $2,346,937)(m)		116,589	2,448,369
My Alarm Center LLC, Class A(f)		47,742	11,563,263
			14,011,632
Containers & Glass Products–0.02%
Libbey Glass LLC (Acquired 11/13/2020-02/10/2022; Cost $56,094)(m)		13,797	81,057
Electronics & Electrical–0.00%
Riverbed Technology, Inc. (Acquired 07/03/2023; Cost $8,266)(f)(m)(n)		63,581	8,265
Financial Intermediaries–0.05%
RJO Holdings Corp.(f)		2,144	107,203
RJO Holdings Corp., Class A(f)		1,142	57,114
RJO Holdings Corp., Class B(f)		3,334	33
			164,350
Home Furnishings–0.26%
Serta Simmons Bedding LLC (Acquired 06/29/2023; Cost $12,650)(m)		81,610	972,506
Industrial Equipment–0.03%
North American Lifting Holdings, Inc.		62,889	117,917
Leisure Goods, Activities & Movies–3.99%
Crown Finance US, Inc.		115,725	2,198,834
Crown Finance US, Inc.		772	14,668
USF S&H Holdco LLC(e)(f)		11,114	12,528,592
Vue International Bidco PLC (United Kingdom)(f)		2,084,496	0
			14,742,094
Oil & Gas–7.86%
McDermott International Ltd.(f)		447,919	76,594
QuarterNorth Energy Holding, Inc.(f)		163,623	27,660,468
QuarterNorth Energy Holding, Inc., Wts., expiring 08/27/2029(f)		26,541	456,505
QuarterNorth Energy Holding, Inc., Wts., expiring 08/27/2029(f)		51,116	23,002
Samson Investment Co., Class A (Acquired 03/01/2017; Cost $2,932,743)(f)(m)		163,748	147,373
Southcross Energy Partners L.P.(f)		72,413	0
Tribune Resources LLC (Acquired 04/03/2018; Cost $1,915,487)(m)		376,237	683,435
			29,047,377
Radio & Television–0.00%
iHeartMedia, Inc., Class B(f)(o)		42	79
Retailers (except Food & Drug)–0.21%
Claire’s Stores, Inc. (Acquired 10/12/2018; Cost $675,080)(m)		420	155,750
Toys R US, Inc.(f)		14	34,372
Vivarte S.A.S. (France)(f)		1,181,133	571,349
			761,471

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

					Shares			Value
Surface Transport–0.56%
Commercial Barge Line Co.(f)							8,956	$    985,518
Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045(f)							59,072	36,920
Commercial Barge Line Co., Wts., expiring 04/27/2045(f)							9,414	1,035,917
								2,058,355
Total Common Stocks & Other Equity Interests (Cost $75,805,568)								62,025,617
	Interest Rate		Maturity Date		Principal Amount (000)(a)
Non-U.S. Dollar Denominated Bonds & Notes–9.78%(p)
Automotive–0.31%
Cabonline (Sweden)(q)		14.00%		03/19/2026		SEK	1,909	181,273
Cabonline (Sweden)(k)(q)		0.00%		04/19/2026		SEK	7,380	597,242
Cabonline (Sweden)(q)		14.00%		03/19/2026		SEK	3,818	363,780
								1,142,295
Building & Development–0.44%
Fagus Holdco PLC (United Kingdom)(f)		0.00%		09/05/2029		EUR	89	97,332
Ideal Standard International S.A. (Luxembourg)		6.38%		07/30/2026		EUR	1,828	1,520,788
								1,618,120
Cable & Satellite Television–0.67%
Altice Finco S.A. (Luxembourg)(q)		4.75%		01/15/2028		EUR	2,932	2,483,964
Electronics & Electrical–0.60%
Castor S.p.A. (Italy)(q)		6.00%		02/15/2029		EUR	1,200	1,169,050
Castor S.p.A. (Italy) (3 mo. EURIBOR + 5.25%)(q)(r)		9.10%		02/15/2029		EUR	1,000	1,035,398
								2,204,448
Financial Intermediaries–6.09%
AnaCap Financial Europe S.A. SICAV-RAIF (Italy) (3 mo. EURIBOR + 5.00%)(q)(r)		8.97%		08/01/2024		EUR	8,976	6,424,221
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%)(q)(r)		10.22%		05/01/2026		EUR	3,278	2,922,278
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%)(q)(r)		10.22%		05/01/2026		EUR	1,000	891,482
Garfunkelux Holdco 3 S.A. (Luxembourg)(q)		6.75%		11/01/2025		EUR	4,345	3,750,251
Kane Bidco Ltd. (United Kingdom)(q)		6.50%		02/15/2027		GBP	989	1,152,598
Very Group Funding PLC (The) (United Kingdom)(q)		6.50%		08/01/2026		GBP	5,493	6,011,080
Very Group Funding PLC (The) (United Kingdom)(q)		6.50%		08/01/2026		GBP	1,250	1,367,895
								22,519,805
Food Products–0.25%
Sigma Holdco B.V. (Netherlands)(q)		5.75%		05/15/2026		EUR	1,000	925,321
Retailers (except Food & Drug)–1.42%
Kirk Beauty SUN GmbH , 9.00% PIK Rate, 8.25% Cash Rate (Germany)(i)(q)		9.00%		10/01/2026		EUR	5,209	5,253,198
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $44,836,940)								36,147,151
					Shares
Preferred Stocks–2.92%(l)
Financial Intermediaries–0.06%
RJO Holdings Corp., Series A-2, Pfd.(f)							649	236,849
Oil & Gas–0.06%
McDermott International Ltd., Pfd.(f)							1,114	222,846
Southcross Energy Partners L.P., Series A, Pfd.(f)							288,393	2,567
								225,413
Surface Transport–2.80%
Commercial Barge Line Co., Series A, Pfd., Wts., expiring 04/27/2045(f)							27,657	649,940
Commercial Barge Line Co., Series B, Pfd. (Acquired 02/05/2020-10/27/2020; Cost $978,436)(f)(m)							42,058	5,687,503

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

					Shares				Value
Surface Transport–(continued)
Commercial Barge Line Co., Series B, Pfd., Wts., expiring 04/27/2045 (Acquired 02/05/2020-10/27/2020; Cost $687,140)(f)(m)								29,536	$	3,994,153
										10,331,596
Total Preferred Stocks (Cost $3,489,642)										10,793,858
	Interest Rate		Maturity Date		Principal Amount (000)(a)
Asset-Backed Securities–2.79%
Structured Products–2.79%
Adagio V CLO DAC, Series V-X, Class ER (Ireland) (3 mo. EURIBOR + 5.15%) (p)(q)(r)		9.12%		10/15/2031		EUR		263		245,698
Babson Euro CLO B.V., Series 2019-1A, Class ER (Ireland) (3 mo. EURIBOR + 7.21%)(p)(q)(r)		11.18%		04/15/2036		EUR		1,750		1,697,559
Babson Euro CLO B.V., Series 2021-1A, Class E (Ireland) (3 mo. EURIBOR + 7.05%)(p)(q)(r)		11.02%		04/24/2034		EUR		1,023		1,010,853
Empower CLO Ltd., Series 2023-2A, Class E (Cayman Islands) (3 mo. Term SOFR + 8.25%)(q)(r)(s)		13.59%		07/15/2036			$	2,000		2,000,640
Jubilee CLO DAC, Series 2018-21A, Class ER (Ireland) (3 mo. EURIBOR + 6.07%)(p)(q)(r)		10.04%		04/15/2035		EUR		2,041		2,068,024
Madison Park Euro Funding XV DAC, Series 15A, Class ER (Ireland) (3 mo. EURIBOR + 7.29%)(p)(q)(r)		11.26%		07/15/2036		EUR		3,215		3,301,576
Total Asset-Backed Securities (Cost $11,077,650)										10,324,350
U.S. Dollar Denominated Bonds & Notes–1.22%
Aerospace & Defense–0.21%
Rand Parent LLC (q)		8.50%		02/15/2030				820		775,689
Air Transport–0.04%
Mesa Airlines, Inc., Class B (Acquired 11/25/2015; Cost $138,629)(f)(m)		5.75%		07/15/2025				139		133,999
Building & Development–0.10%
Signal Parent, Inc. (q)		6.13%		04/01/2029				564		367,088
Chemicals & Plastics–0.33%
Windsor Holdings III LLC (Acquired 06/27/2023-07/11/2023; Cost $1,159,393)(m)(q)		8.50%		06/15/2030				1,172		1,207,003
Food Products–0.13%
Teasdale Foods, Inc. (e)(f)		16.25%		06/18/2026				2,426		502,167
Oil & Gas–0.01%
Genesis Energy L.P./Genesis Energy Finance Corp.		8.25%		01/15/2029				34		33,647
Radio & Television–0.01%
Diamond Sports Group LLC/Diamond Sports Finance Co. (j)(k)(q)		0.00%		08/15/2026				1,631		40,775
Telecommunications–0.39%
Windstream Escrow LLC/Windstream Escrow Finance Corp. (q)		7.75%		08/15/2028				1,758		1,451,035
Total U.S. Dollar Denominated Bonds & Notes (Cost $7,970,363)										4,511,403
Municipal Obligations–0.87%
Arizona–0.87%
Arizona (State of) Industrial Development Authority (NewLife Forest Restoration LLC) (Green Bonds), Series 2022 A, RB (Acquired 02/22/2022-07/01/2023; Cost $3,555,591) (Cost $2,845,365)(m)(q)		9.00%		01/01/2028				3,813		3,225,496
TOTAL INVESTMENTS IN SECURITIES–129.13% (Cost $530,194,765)										477,197,588
BORROWINGS–(25.17)%										(93,000,000	)
OTHER ASSETS LESS LIABILITIES–(3.96)%										(14,645,332	)
NET ASSETS–100.00%									$	369,552,256

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

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
RB	- Revenue Bonds
SEK	- Swedish Krona
SOFR	- Secured Overnight Financing Rate
SONIA	- Sterling Overnight Index Average
USD	- U.S. Dollar
Wts.	- Warrants

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 Fund’s 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)  Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Fund’s use of leverage.

^(e)  Acquired through direct lending. Direct loans may be subject to liquidity and interest rate risk and certain direct loans may be deemed illiquid.

^(f)  Security valued using significant unobservable inputs (Level 3). See Note 1.

^(g)  All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding.

^(h)  This variable rate interest will settle after November 30, 2023, at which time the interest rate will be determined.

⁽ⁱ⁾  All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities.

^(j)  The borrower has filed for protection in federal bankruptcy court.

^(k)  Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2023 was $701,502, which represented less than 1% of the Fund’s Net Assets.

^(l)  Securities acquired through the restructuring of senior loans.

^(m)  Restricted security. The aggregate value of these securities at November 30, 2023 was $18,744,920, which represented 5.07% of the Fund’s Net Assets.

⁽ⁿ⁾  Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended November 30, 2023.

	Value February 28, 2023		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation		Realized Gain		Value November 30, 2023		Dividend Income
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		$3,078,901		$44,974,885		$(48,053,786	)		$-		$-		$       -		$  61,772
Invesco Treasury Portfolio, Institutional Class		2,052,601		29,983,256		(32,035,857)			-		-		-		41,071
Investments in Other Affiliates:
Riverbed Technology, Inc.		-		8,265		-			-		-		8,265		-
Total		$5,131,502		$74,966,406		$(80,089,643)			$-		$-		$ 8,265		$ 102,843

^(o)  Non-income producing security.

^(p)  Foreign denominated security. Principal amount is denominated in the currency indicated.

^(q)  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 November 30, 2023 was $51,920,467, which represented 14.05% of the Fund’s Net Assets.

^(r)  Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2023.

^(s)  Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on November 30, 2023.

The aggregate value of securities considered illiquid at November 30, 2023 was $284,970,456 which represented 77.11% of the Fund’s Net Assets.

Open Forward Foreign Currency Contracts
Settlement Date		Contract to				Unrealized Appreciation (Depreciation)
	Counterparty	Deliver		Receive
Currency Risk
12/29/2023	Barclays Bank PLC		USD  5,382,108		GBP  4,292,647	$	38,422

See accompanying notes which are an integral part of this consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

Open Forward Foreign Currency Contracts–(continued)
Settlement Date		Contract to							Unrealized Appreciation (Depreciation)
	Counterparty			Deliver			Receive
12/29/2023	BNP Paribas S.A.		EUR		500,000	USD		548,110	$	3,230
12/29/2023	BNP Paribas S.A.		USD		17,787	SEK		198,429		1,129
01/31/2024	BNP Paribas S.A.		EUR		28,646,754	USD		31,349,985		87,522
01/31/2024	J.P. Morgan Chase Bank, N.A.		NOK		1,711	USD		161		2
12/29/2023	Morgan Stanley and Co. International PLC		USD		2,151,611	EUR		2,000,000		27,909
12/29/2023	Morgan Stanley and Co. International PLC		USD		5,468,234	GBP		4,357,688		34,426
01/31/2024	Morgan Stanley and Co. International PLC		EUR		28,219,191	USD		30,878,336		82,476
01/31/2024	Royal Bank of Canada		EUR		552,979	USD		605,877		2,406
12/29/2023	State Street Bank & Trust Co.		USD		1,088,217	EUR		1,000,000		1,543
01/31/2024	State Street Bank & Trust Co.		EUR		28,646,754	USD		31,345,851		83,388
01/31/2024	State Street Bank & Trust Co.		SEK		13,286,849	USD		1,278,607		10,169
12/29/2023	Toronto-Dominion Bank (The)		USD		5,464,516	GBP		4,357,687		38,143
Subtotal-Appreciation										410,765
Currency Risk
12/29/2023	Barclays Bank PLC		EUR		27,559,190	USD		29,286,959		(745,952	)
01/31/2024	Barclays Bank PLC		GBP		4,309,473	USD		5,405,006		(38,033	)
12/29/2023	BNP Paribas S.A.		EUR		27,976,754	USD		29,727,766		(760,189	)
12/29/2023	BNP Paribas S.A.		GBP		4,267,260	USD		5,198,587		(189,884	)
12/29/2023	BNP Paribas S.A.		SEK		12,129,942	USD		1,098,585		(57,740	)
12/29/2023	BNP Paribas S.A.		USD		31,297,791	EUR		28,646,754		(79,697	)
12/29/2023	Citibank, N.A.		SEK		1,276,575	USD		114,272		(7,421	)
01/31/2024	Goldman Sachs International		GBP		138,948	USD		175,469		(28	)
12/29/2023	J.P. Morgan Chase Bank, N.A.		EUR		2,000,000	USD		2,143,849		(35,672	)
12/29/2023	J.P. Morgan Chase Bank, N.A.		NOK		1,711	USD		154		(5	)
12/29/2023	J.P. Morgan Chase Bank, N.A.		USD		161	NOK		1,711		(2	)
12/29/2023	Morgan Stanley and Co. International PLC		GBP		4,537,194	USD		5,525,169		(204,162	)
12/29/2023	Morgan Stanley and Co. International PLC		USD		30,826,926	EUR		28,219,191		(74,774	)
01/31/2024	Morgan Stanley and Co. International PLC		GBP		4,374,768	USD		5,491,439		(34,070	)
12/29/2023	Royal Bank of Canada		GBP		4,203,569	USD		5,116,269		(191,778	)
01/31/2024	Royal Bank of Canada		GBP		63,162	USD		79,217		(558	)
01/31/2024	Royal Bank of Canada		USD		32,973	SEK		342,167		(308	)
12/29/2023	State Street Bank & Trust Co.		EUR		1,000,000	USD		1,070,052		(19,708	)
12/29/2023	State Street Bank & Trust Co.		USD		31,293,714	EUR		28,646,754		(75,620	)
12/29/2023	State Street Bank & Trust Co.		USD		1,268,792	SEK		13,208,088		(9,688	)
12/29/2023	Toronto-Dominion Bank (The)		EUR		27,976,754	USD		29,733,582		(754,372	)
01/31/2024	Toronto-Dominion Bank (The)		GBP		4,374,768	USD		5,487,647		(37,862	)
12/29/2023	UBS AG		EUR		1,500,000	USD		1,607,865		(26,775	)
01/31/2024	UBS AG		USD		1,651,766	EUR		1,500,000		(14,802	)
Subtotal-Depreciation										(3,359,100	)
Total Forward Foreign Currency Contracts									$	(2,948,335	)

Abbreviations:
EUR	- Euro
GBP	- British Pound Sterling
NOK	- Norwegian Krone
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 consolidated schedule.

Invesco Dynamic Credit Opportunity Fund

Notes to Quarterly Consolidated Schedule of Portfolio Holdings

November 30, 2023

(Unaudited)

NOTE 1–Additional 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 investment’s 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 November 30, 2023. 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		$–		$117,897,106			$232,272,607		$350,169,713
Common Stocks & Other Equity Interests		–		6,733,039			55,292,578		62,025,617
Non-U.S. Dollar Denominated Bonds & Notes		–		36,049,819			97,332		36,147,151
Preferred Stocks		–		–			10,793,858		10,793,858
Asset-Backed Securities		–		10,324,350			–		10,324,350
U.S. Dollar Denominated Bonds & Notes		–		3,875,237			636,166		4,511,403
Municipal Obligations		–		3,225,496			–		3,225,496
Total Investments in Securities		–		178,105,047			299,092,541		477,197,588
Other Investments - Assets*
Investments Matured		–		1,044,960			1,285,115		2,330,075
Forward Foreign Currency Contracts		–		410,765			–		410,765
		–		1,455,725			1,285,115		2,740,840
Other Investments - Liabilities*
Forward Foreign Currency Contracts		–		(3,359,100	)		–		(3,359,100	)
Total Other Investments		–		(1,903,375	)		1,285,115		(618,260	)
Total Investments		$–		$176,201,672			$300,377,656		$476,579,328

* 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 nine months ended November 30, 2023:

	Value 02/28/23		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 11/30/23
Variable Rate Senior Loan Interests	$	290,670,988	$	16,146,051	$	(61,881,142	)	$	985,864	$	383,037		$	(4,960,986	)	$	2,772,136	$	(11,843,341	)	$	232,272,607
Common Stocks & Other Equity Interests		57,005,087		3,899,170		(45,843	)		–		(1,199,351	)		(4,926,860	)		560,375		–			55,292,578
Preferred Stocks		931,492		426,570		(610,897	)		–		(666,227	)		7,024,421			3,688,499		–			10,793,858
Investments Matured		354,284		930,831		–			–		–			–			–		–			1,285,115
U.S. Dollar Denominated Bonds & Notes		757,674		272,236		(276,599	)		–		–			(117,145	)		–		–			636,166
Non-U.S. Dollar Denominated Bonds & Notes		–		–		–			–		–			97,332			–		–			97,332
Total	$	349,719,525	$	21,674,858	$	(62,814,481	)	$	985,864	$	(1,482,541	)	$	(2,883,238	)	$	7,021,010	$	(11,843,341	)	$	300,377,656

*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.

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.

Invesco Dynamic Credit Opportunity Fund

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 11/30/23		Valuation Technique		Unobservable Inputs	Range of Unobservable Inputs	Unobservable Input Used
QuarterNorth Energy Holding, Inc.	$	27,660,468		Valuation Service	N/A	N/A	N/A	(a)
FDH Group Acquisition, Inc., Term Loan A		22,247,468		Valuation Service	N/A	N/A	N/A	(b)
Keg Logistics LLC, Term Loan A		20,095,063		Valuation Service	N/A	N/A	N/A	(b)
Lightning Finco Ltd. (LiveU), Term Loan B-1		17,897,392		Valuation Service	N/A	N/A	N/A	(b)
Muth Mirror Systems LLC, Term Loan		17,063,061		Valuation Service	N/A	N/A	N/A	(b)
Teasdale Foods, Inc., Term Loan		14,651,903		Valuation Service	N/A	N/A	N/A	(b)
USF S&H Holdco LLC		12,528,592		Valuation Service	N/A	N/A	N/A	(b)
My Alarm Center LLC, Class A		11,563,263		Valuation Service	N/A	N/A	N/A	(a)
USF S&H Holdco LLC, Term Loan B		10,490,684		Valuation Service	N/A	N/A	N/A	(b)
NAS LLC (d.b.a. Nationwide Marketing Group), Term Loan		8,740,438		Valuation Service	N/A	N/A	N/A	(b)
Transtar Industries, Inc., Term Loan A		8,578,148		Valuation Service	N/A	N/A	N/A	(b)
MB2 Dental Solutions LLC, Term Loan		8,520,781		Valuation Service	N/A	N/A	N/A	(b)
MB2 Dental Solutions LLC, Delayed Draw Term Loan		8,504,700		Valuation Service	N/A	N/A	N/A	(b)
CV Intermediate Holdco Corp. (Class Valuation), First Lien Term Loan		7,896,734		Valuation Service	N/A	N/A	N/A	(b)
CV Intermediate Holdco Corp. (Class Valuation), Delayed Draw Term Loan		7,668,743		Valuation Service	N/A	N/A	N/A	(b)
Lamark Media Group LLC, Term Loan		6,977,561		Valuation Service	N/A	N/A	N/A	(b)
V Global Holdings LLC (aka Vertellus), Term Loan		6,607,334		Valuation Service	N/A	N/A	N/A	(b)
Commercial Barge Line Co., Series B, Pfd.		5,687,503		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 security’s 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 security’s fair valuation.

Invesco Dynamic Credit Opportunity Fund