Schedule of Investments
May 31, 2020
(Unaudited)
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Variable Rate Senior Loan Interests–97.59%(b)(c) | ||||||
Aerospace & Defense–4.47% | ||||||
Atlantic Aviation FBO, Inc., Term Loan (d) | – | 12/06/2025 | $ 173 | $ 163,520 | ||
Dynasty Acquisition Co., Inc. | ||||||
Term Loan B-1 (1 mo. USD LIBOR + 3.50%) | 4.95% | 04/08/2026 | 1,328 | 1,124,223 | ||
Term Loan B-2 (1 mo. USD LIBOR + 3.50%) | 4.95% | 04/08/2026 | 714 | 604,421 | ||
Greenrock Finance, Inc., Term Loan B (3 mo. USD LIBOR + 3.50%) | 4.95% | 06/28/2024 | 1,633 | 1,484,141 | ||
IAP Worldwide Services, Inc. | ||||||
Revolver Loan (3 mo. USD LIBOR + 5.50%) (Acquired 08/05/2014-02/08/2019; Cost $194,652)(e) | 7.00% | 07/18/2021 | 195 | 194,652 | ||
Revolver Loan (Acquired 08/05/2014-02/08/2019; Cost $1,751,871)(e)(f) | 0.00% | 07/18/2021 | 1,752 | 1,751,871 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 6.50%) (Acquired 07/18/2014-02/08/2019; Cost $2,149,402)(e) | 8.00% | 07/18/2021 | 2,153 | 2,152,837 | ||
Maxar Technologies Ltd. (Canada), Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.93% | 10/04/2024 | 1,695 | 1,632,373 | ||
Peraton Corp., Term Loan (1 mo. USD LIBOR + 5.25%) | 6.25% | 04/29/2024 | 855 | 829,127 | ||
Perspecta, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.42% | 05/30/2025 | 655 | 634,377 | ||
TransDigm, Inc. | ||||||
Term Loan E (1 mo. USD LIBOR + 2.25%) | 2.42% | 05/30/2025 | 4,755 | 4,372,761 | ||
Term Loan F (1 mo. USD LIBOR + 2.25%) | 2.42% | 12/09/2025 | 4,248 | 3,901,586 | ||
Term Loan G (1 mo. USD LIBOR + 2.25%) | 2.42% | 08/22/2024 | 632 | 580,422 | ||
Vectra Co., First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 3.42% | 03/08/2025 | 219 | 205,088 | ||
Xebec Global Holdings LLC, Term Loan (1 wk. USD LIBOR + 5.25%) (Acquired 02/12/2018-12/09/2019; Cost $1,460,562)(e) | 6.71% | 02/12/2024 | 1,464 | 1,435,179 | ||
21,066,578 | ||||||
Air Transport–2.00% | ||||||
American Airlines, Inc., Term Loan (1 mo. USD LIBOR + 1.75%) | 1.92% | 06/27/2025 | 31 | 21,501 | ||
Avolon TLB Borrower 1 (US) LLC | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 1.75%) | 2.50% | 01/15/2025 | 1,317 | 1,249,866 | ||
Term Loan B-4 (1 mo. USD LIBOR + 1.50%) | 2.25% | 02/10/2027 | 927 | 857,573 | ||
Delta Air Lines, Inc. | ||||||
Delayed Draw Term Loan(f) | 0.00% | 03/16/2021 | 1,808 | 1,735,962 | ||
Term Loan B (1 mo. USD LIBOR + 4.75%) | 5.51% | 05/01/2023 | 2,244 | 2,218,235 | ||
eTraveli Group Holding AB (Sweden), Term Loan B-1 (3 mo. EURIBOR + 4.25%) | 4.00% | 08/02/2024 | EUR | 411 | 348,249 | |
Gol LuxCo S.A. (Luxembourg), Term Loan (6 mo. USD LIBOR + 6.50%)(e) | 6.50% | 08/31/2020 | 2,998 | 2,938,006 | ||
WestJet Airlines Ltd. (Canada), Term Loan B (3 mo. USD LIBOR + 3.00%) | 4.00% | 12/11/2026 | 51 | 38,299 | ||
9,407,691 | ||||||
Automotive–3.40% | ||||||
American Axle & Manufacturing, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.00% | 04/06/2024 | 1,191 | 1,143,787 | ||
Autokiniton US Holdings, Inc., Term Loan B (3 mo. USD LIBOR + 5.75%) | 5.92% | 05/22/2025 | 1,294 | 1,139,152 | ||
Belron Finance US LLC, Incremental Term Loan (1 mo. USD LIBOR + 2.50%) | 3.26% | 10/30/2026 | 159 | 155,803 | ||
Dayco Products LLC, Term Loan (3 mo. USD LIBOR + 4.25%) | 4.61% | 05/19/2023 | 674 | 429,296 | ||
Garrett Borrowing LLC | ||||||
Term Loan B (3 mo. EURIBOR + 2.75%) | 2.75% | 09/27/2025 | EUR | 101 | 100,655 | |
Term Loan B (3 mo. USD LIBOR + 2.50%) | 3.77% | 09/27/2025 | 415 | 379,946 | ||
Goodyear Tire & Rubber Co. (The), Second Lien Term Loan (3 mo. USD LIBOR + 2.00%) | 3.20% | 03/03/2025 | 98 | 92,921 | ||
IAA Spinco, Inc., Term Loan (3 mo. USD LIBOR + 2.25%) | 2.44% | 06/28/2026 | 751 | 739,748 | ||
Mavis Tire Express Services Corp., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.70% | 03/20/2025 | 1,270 | 1,159,554 | ||
Navistar, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 3.68% | 11/06/2024 | 43 | 41,145 |
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) | ||||||
Panther BF Aggregator 2 L.P. (Canada) | ||||||
Term Loan (1 mo. USD LIBOR + 3.50%) | 3.67% | 04/30/2026 | $ 1,912 | $ 1,827,000 | ||
Term Loan (1 mo. EURIBOR + 3.75%) | 3.75% | 04/30/2026 | EUR | 783 | 832,037 | |
Superior Industries International, Inc., Term Loan (1 mo. USD LIBOR + 4.00%)(e) | 4.17% | 05/22/2024 | 925 | 744,336 | ||
Tenneco, Inc., Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.17% | 10/01/2025 | 2,618 | 2,128,823 | ||
ThermaSys Corp. | ||||||
PIK Term Loan, 12.45% PIK Rate (Acquired 12/31/2018; Cost $114,572)(e)(g) | 12.45% | 10/02/2023 | 115 | 99,678 | ||
Term Loan (3 mo. USD LIBOR + 6.00%) (Acquired 12/31/2018-03/31/2020; Cost $750,838)(e) | 12.45% | 01/01/2024 | 639 | 511,390 | ||
TI Group Automotive Systems LLC, Term Loan (1 mo. USD LIBOR + 2.50%) | 3.25% | 06/30/2022 | 268 | 258,097 | ||
Transtar Holding Co. | ||||||
Delayed Draw Term Loan(e)(f) | 0.00% | 04/11/2022 | 170 | 161,462 | ||
First Lien Term Loan (2 mo. USD LIBOR + 4.25%)(e) | 5.50% | 04/11/2022 | 2,134 | 1,984,386 | ||
PIK Term Loan, 7.75% PIK Rate, 1.00% Cash Rate(e)(g) | 7.75% | 04/11/2022 | 814 | 773,068 | ||
Visteon Corp., Term Loan(d) | – | 03/25/2024 | 85 | 81,068 | ||
Wand NewCo 3, Inc., Term Loan B-1 (1 mo. USD LIBOR + 3.00%) | 4.07% | 02/05/2026 | 601 | 576,514 | ||
Winter Park Intermediate, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 5.82% | 04/04/2025 | 737 | 648,154 | ||
16,008,020 | ||||||
Beverage & Tobacco–0.60% | ||||||
AI Aqua Merger Sub, Inc. | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 3.25%)(e) | 4.32% | 12/13/2023 | 687 | 659,669 | ||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.25%)(e) | 5.32% | 12/13/2023 | 202 | 194,776 | ||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 4.25%)(e) | 5.34% | 12/13/2023 | 134 | 129,024 | ||
First Lien Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 4.32% | 09/30/2020 | 1,905 | 1,828,636 | ||
2,812,105 | ||||||
Building & Development–2.23% | ||||||
ACProducts, Inc., Term Loan B (1 mo. USD LIBOR + 6.50%) | 7.50% | 07/31/2025 | 289 | 275,697 | ||
Advanced Drainage Systems, Inc., Term Loan (3 mo. USD LIBOR + 2.25%) | 2.63% | 09/30/2026 | 542 | 532,092 | ||
American Builders & Contractors Supply Co., Inc., Term Loan (1 mo. USD LIBOR + 2.00%) | 2.17% | 01/15/2027 | 2,039 | 1,964,547 | ||
Apcoa Parking Holdings GmbH (Germany) | ||||||
Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 03/20/2024 | EUR | 433 | 418,439 | |
Term Loan B-2(d) | – | 03/20/2024 | EUR | 90 | 93,309 | |
Beacon Roofing Supply, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.42% | 01/02/2025 | 12 | 10,969 | ||
Financiere Persea (Proxiserve) (France), Term Loan B (6 mo. EURIBOR + 3.75%) | 3.75% | 03/26/2026 | EUR | 170 | 185,773 | |
Foncia Groupe SAS (France), Term Loan B-3 (3 mo. EURIBOR + 3.00%) | 3.25% | 09/07/2023 | EUR | 377 | 401,372 | |
Forterra Finance LLC, Second Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 10/25/2023 | 643 | 582,522 | ||
LSF10 Wolverine Investments S.C.A. (Luxembourg), Term Loan C-2(d) | – | 09/30/2026 | EUR | 409 | 418,852 | |
Neptune Bidco S.a r.l. (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 02/03/2027 | EUR | 356 | 366,348 | |
Quikrete Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 2.50%) | 2.67% | 11/15/2023 | 859 | 819,930 | ||
Quimper AB (Sweden) | ||||||
Second Lien Term Loan (6 mo. EURIBOR + 8.25%) (Acquired 03/01/2019-03/07/2019; Cost $345,476) | 8.25% | 02/13/2027 | EUR | 309 | 305,595 | |
Term Loan B-1 (2 mo. EURIBOR + 4.25%) | 4.25% | 02/16/2026 | EUR | 782 | 821,371 | |
Re/Max LLC, Term Loan (1 mo. USD LIBOR + 2.75%)(e) | 3.50% | 12/15/2023 | 2,286 | 2,217,326 | ||
Realogy Group LLC, Term Loan (1 mo. USD LIBOR + 2.25%) | 3.00% | 02/08/2025 | 154 | 138,404 | ||
TAMKO Building Products LLC, Term Loan (3 mo. USD LIBOR + 3.25%)(e) | 3.42% | 05/29/2026 | 107 | 103,705 | ||
Werner FinCo L.P., Term Loan (3 mo. USD LIBOR + 4.00%)(e) | 5.00% | 07/24/2024 | 932 | 880,702 | ||
10,536,953 | ||||||
Business Equipment & Services–8.21% | ||||||
Allied Universal Holdco LLC, Term Loan (2 mo. USD LIBOR + 4.25%) | 4.42% | 07/10/2026 | 221 | 215,297 |
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) | |||||
Alorica, Inc. | |||||
Delay Draw Term Loan (1 mo. USD LIBOR + 6.50%)(e) | 9.75% | 10/02/2020 | $ 201 | $ 200,149 | |
Delay Draw Term Loan(e)(f) | 0.00% | 10/02/2020 | 446 | 444,271 | |
Term Loan B (1 mo. USD LIBOR + 3.25%)(e) | 6.50% | 10/02/2020 | 648 | 644,420 | |
Term Loan B (1 mo. USD LIBOR + 4.75%) | 8.00% | 06/30/2022 | 467 | 338,785 | |
Blackhawk Network Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 7.19% | 06/15/2026 | 236 | 207,488 | |
Blucora, Inc., Term Loan (2 mo. USD LIBOR + 3.00%)(e) | 4.45% | 05/22/2024 | 714 | 685,732 | |
Brightview Landscapes LLC, Term Loan (1 mo. USD LIBOR + 2.50%) | 2.69% | 08/15/2025 | 320 | 315,200 | |
Camelot Finance L.P., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.17% | 10/30/2026 | 815 | 799,426 | |
Cast & Crew Payroll LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 3.93% | 02/09/2026 | 434 | 397,836 | |
Checkout Holding Corp. | |||||
PIK Term Loan, 9.50% PIK Rate, 2.00% Cash Rate(g) | 9.50% | 08/15/2023 | 466 | 104,941 | |
Term Loan (1 mo. USD LIBOR + 7.50%) | 8.50% | 02/15/2023 | 339 | 206,565 | |
CRCI Longhorn Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 7.43% | 08/08/2026 | 72 | 61,970 | |
Crossmark Holdings, Inc., Term Loan (3 mo. USD LIBOR + 10.00%) | 11.45% | 07/26/2023 | 220 | 217,835 | |
Dakota Holding Corp. | |||||
First Lien Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.75% | 04/09/2027 | 2,083 | 2,050,189 | |
Second Lien Term Loan B (1 mo. USD LIBOR + 8.00%) (Acquired 03/05/2020; Cost $667,432)(e) | 9.00% | 03/06/2028 | 677 | 633,460 | |
Term Loan (3 mo. EURIBOR + 4.00%) | 4.00% | 03/05/2027 | EUR | 328 | 343,444 |
Dun & Bradstreet Corp. (The), Term Loan (1 mo. USD LIBOR + 4.00%) | 4.17% | 02/06/2026 | 568 | 555,516 | |
FleetCor Technologies Operating Co. LLC, Term Loan B-3 (1 mo. USD LIBOR + 2.00%) | 1.92% | 08/02/2024 | 526 | 512,740 | |
Garda World Security Corp. (Canada), Term Loan (3 mo. USD LIBOR + 4.75%) | 4.93% | 10/30/2026 | 765 | 749,348 | |
GI Revelation Acquisition LLC | |||||
First Lien Term Loan (1 mo. USD LIBOR + 5.00%) | 5.17% | 04/16/2025 | 734 | 646,711 | |
Second Lien Term Loan (1 mo. USD LIBOR + 9.00%) | 9.17% | 04/16/2026 | 375 | 314,966 | |
GlobalLogic Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 2.92% | 08/01/2025 | 3 | 3,112 | |
Holding Socotec (France), Term Loan B-4 (1 wk. EURIBOR + 4.00%) | 4.00% | 07/29/2024 | EUR | 346 | 338,340 |
I-Logic Technologies Bidco Ltd. (United Kingdom) | |||||
Term Loan (3 mo. EURIBOR + 2.75%) | 3.75% | 12/21/2024 | EUR | 169 | 179,383 |
Term Loan (3 mo. USD LIBOR + 3.00%) | 3.82% | 12/21/2024 | 129 | 122,802 | |
INDIGOCYAN Midco Ltd. (Jersey), Term Loan B (3 mo. GBP LIBOR + 5.00%) | 5.38% | 06/23/2024 | GBP | 440 | 393,670 |
Inmar, Inc., First Lien Term Loan(d) | – | 05/01/2024 | 246 | 213,732 | |
Institutional Shareholder Services, Inc. | |||||
First Lien Term Loan (3 mo. USD LIBOR + 4.50%)(e) | 5.95% | 03/05/2026 | 1,026 | 949,363 | |
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%)(e) | 9.57% | 03/05/2027 | 701 | 613,371 | |
ION Trading Technologies S.a.r.l. (Luxembourg), Term Loan (6 mo. USD LIBOR + 4.00%) | 5.07% | 11/21/2024 | 330 | 314,282 | |
Iron Mountain, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 01/02/2026 | 794 | 773,915 | |
KAR Auction Services, Inc., Term Loan B-6 (3 mo. USD LIBOR + 2.50%) | 2.44% | 09/15/2026 | 1,229 | 1,179,525 | |
Karman Buyer Corp. | |||||
First Lien Term Loan (3 mo. USD LIBOR + 3.25%) | 4.70% | 07/23/2021 | 610 | 552,694 | |
First Lien Term Loan B-2 (3 mo. USD LIBOR + 3.25%) | 4.70% | 07/23/2021 | 429 | 388,543 | |
KBR, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.92% | 02/05/2027 | 1,363 | 1,342,156 | |
Monitronics International, Inc. | |||||
First Lien Term Loan (3 mo. USD LIBOR + 6.50%) | 7.75% | 03/29/2024 | 3,157 | 2,257,009 | |
Term Loan (1 mo. USD LIBOR + 5.00%) | 6.50% | 08/30/2024 | 3,005 | 2,839,954 | |
Outfront Media Capital LLC, Term Loan (1 mo. USD LIBOR + 1.75%) | 1.93% | 11/18/2026 | 1,656 | 1,589,144 | |
Prime Security Services Borrower LLC, Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 4.27% | 09/23/2026 | 1,393 | 1,362,627 | |
Prometric Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 01/29/2025 | 195 | 168,391 | |
Red Ventures LLC (New Imagitas, Inc.), Term Loan B-2 (1 mo. USD LIBOR + 2.50%) | 2.67% | 11/08/2024 | 170 | 162,834 | |
Refinitiv US Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.42% | 10/01/2025 | 284 | 280,439 | |
ServiceMaster Co. (The), Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 10/30/2026 | 646 | 638,468 |
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) | ||||||
SMS Systems Maintenance Services, Inc., First Lien Term Loan (1 mo. USD LIBOR + 5.00%) | 6.45% | 10/30/2023 | $ 1,348 | $ 1,058,338 | ||
Speedster Bidco GmbH (Germany), Term Loan B (3 mo. EURIBOR + 3.25%) | 3.25% | 02/14/2027 | EUR | 790 | 835,894 | |
Spin Holdco, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.25%) | 4.25% | 11/14/2022 | 4,051 | 3,887,561 | ||
Techem GmbH (Germany), Term Loan B-4 (3 mo. EURIBOR + 2.88%) | 2.88% | 07/15/2025 | EUR | 133 | 143,665 | |
Trans Union LLC, Term Loan B-5 (1 mo. USD LIBOR + 1.75%) | 1.92% | 11/16/2026 | 173 | 168,043 | ||
Ventia Deco LLC, Term Loan B (3 mo. USD LIBOR + 3.50%)(e) | 4.95% | 05/21/2026 | 1,163 | 1,133,563 | ||
Verra Mobility Corp., Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 3.42% | 02/28/2025 | 222 | 211,768 | ||
Wash MultiFamily Acquisition, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 05/16/2022 | 879 | 839,424 | ||
First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 05/16/2022 | 120 | 114,447 | ||
West Corp. | ||||||
Incremental Term Loan B-1 (1 mo. USD LIBOR + 3.50%) | 4.95% | 10/10/2024 | 1,332 | 1,080,902 | ||
Term Loan B (3 mo. USD LIBOR + 4.00%) | 5.45% | 10/10/2024 | 106 | 86,716 | ||
WEX, Inc., Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 2.42% | 05/17/2026 | 1,898 | 1,815,761 | ||
38,686,125 | ||||||
Cable & Satellite Television–4.48% | ||||||
Altice Financing S.A. (Luxembourg) | ||||||
Term Loan (1 mo. USD LIBOR + 2.75%) | 2.93% | 07/15/2025 | 544 | 516,623 | ||
Term Loan (1 mo. USD LIBOR + 2.75%) | 2.93% | 01/31/2026 | 70 | 66,730 | ||
Atlantic Broadband Finance LLC, Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.17% | 01/03/2025 | 3,239 | 3,161,395 | ||
Charter Communications Operating LLC | ||||||
Term Loan B-1 (1 mo. USD LIBOR + 1.75%) | 1.93% | 04/30/2025 | 220 | 216,735 | ||
Term Loan B-2 (1 mo. USD LIBOR + 1.75%) | 1.93% | 02/01/2027 | 110 | 107,740 | ||
CSC Holdings LLC | ||||||
Incremental Term Loan (1 mo. USD LIBOR + 2.25%) | 2.43% | 01/15/2026 | 583 | 564,175 | ||
Term Loan (1 mo. USD LIBOR + 2.25%) | 2.43% | 07/17/2025 | 980 | 947,468 | ||
Term Loan (1 mo. USD LIBOR + 2.50%) | 2.68% | 04/15/2027 | 234 | 227,111 | ||
ION Media Networks, Inc., Term Loan B-4 (1 mo. USD LIBOR + 3.00%) | 3.81% | 12/18/2024 | 992 | 951,679 | ||
Numericable-SFR S.A. (France), Incremental Term Loan B-13 (1 mo. USD LIBOR + 4.00%) | 4.18% | 08/14/2026 | 421 | 406,210 | ||
Telenet Financing USD LLC, Term Loan AR (1 mo. USD LIBOR + 2.00%) | 2.18% | 04/15/2028 | 3,447 | 3,336,832 | ||
UPC Financing Partnership, Term Loan AT (1 mo. USD LIBOR + 2.25%) | 2.43% | 04/30/2028 | 1,000 | 967,839 | ||
Virgin Media Bristol LLC (United Kingdom), Term Loan N (1 mo. USD LIBOR + 2.50%) | 2.68% | 01/31/2028 | 7,175 | 6,977,925 | ||
Ziggo Secured Finance Partnership, Term Loan I (1 mo. USD LIBOR + 2.50%) | 2.68% | 04/15/2028 | 2,281 | 2,186,960 | ||
Ziply (Northwest) Fiber, Term Loan B(d)(e) | – | 05/21/2027 | 482 | 476,624 | ||
21,112,046 | ||||||
Chemicals & Plastics–3.20% | ||||||
Ascend Performance Materials Operations LLC, Term Loan B (3 mo. USD LIBOR + 5.25%) | 6.70% | 08/27/2026 | 2,430 | 2,323,438 | ||
Cabot Microelectronics Corp., Term Loan B-1 (1 mo. USD LIBOR + 2.00%) | 2.19% | 11/17/2025 | 748 | 740,638 | ||
Charter NEX US, Inc. | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 3.50%) | 3.42% | 05/16/2024 | 323 | 315,836 | ||
First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 3.75% | 05/16/2024 | 78 | 76,389 | ||
Ferro Corp. | ||||||
Term Loan B-2 (3 mo. USD LIBOR + 2.25%) | 3.70% | 02/14/2024 | 121 | 117,774 | ||
Term Loan B-3 (3 mo. USD LIBOR + 2.25%) | 3.70% | 02/14/2024 | 119 | 115,268 | ||
H.B. Fuller Co., Term Loan (1 mo. USD LIBOR + 2.00%) | 2.17% | 10/20/2024 | 90 | 87,557 | ||
Hexion International Holdings B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 06/26/2026 | EUR | 245 | 256,643 | |
Ineos US Finance LLC, Term Loan (2 mo. USD LIBOR + 2.00%) | 2.17% | 03/31/2024 | 3 | 2,808 | ||
Inovyn Finance PLC (United Kingdom), Term Loan B (3 mo. EURIBOR + 2.00%) | 2.50% | 02/25/2027 | EUR | 415 | 442,908 | |
Invictus US NewCo LLC | ||||||
First Lien Term Loan (2 mo. USD LIBOR + 3.00%) | 4.78% | 03/28/2025 | 585 | 541,418 | ||
Second Lien Term Loan (2 mo. USD LIBOR + 6.75%) | 8.53% | 03/30/2026 | 379 | 290,098 |
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) | ||||||
KPEX Holdings, Inc. | ||||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 8.07% | 01/31/2026 | $ 149 | $ 115,562 | ||
Term Loan (1 mo. USD LIBOR + 3.25%) | 4.70% | 01/31/2025 | 341 | 304,254 | ||
Messer Industries USA, Inc., Term Loan B-1 (3 mo. USD LIBOR + 2.50%) | 3.95% | 03/02/2026 | 3,876 | 3,730,854 | ||
Natgasoline LLC, Term Loan (3 mo. USD LIBOR + 3.50%)(e) | 4.31% | 11/14/2025 | 512 | 496,325 | ||
Oxea Corp., Term Loan B-2 (1 mo. USD LIBOR + 3.50%) | 3.81% | 10/14/2024 | 1,131 | 1,051,469 | ||
Perstorp Holding AB (Sweden) | ||||||
Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 02/26/2026 | EUR | 148 | 144,495 | |
Term Loan B (1 mo. USD LIBOR + 4.75%) | 5.82% | 02/27/2026 | 409 | 345,204 | ||
PQ Corp., Term Loan B-1 (3 mo. USD LIBOR + 2.50%) | 2.42% | 02/07/2027 | 409 | 396,711 | ||
Starfruit US Holdco LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 3.22% | 10/01/2025 | 2,114 | 2,026,462 | ||
Tata Chemicals North America, Inc., Term Loan (3 mo. USD LIBOR + 2.75%) (Acquired 08/13/2013-02/23/2017; Cost $902,135)(e) | 3.75% | 08/07/2020 | 902 | 875,196 | ||
Univar, Inc., Term Loan B-5 (1 mo. USD LIBOR + 2.00%) | 3.45% | 07/01/2026 | 293 | 283,504 | ||
15,080,811 | ||||||
Clothing & Textiles–0.77% | ||||||
ABG Intermediate Holdings 2 LLC, First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 4.95% | 09/27/2024 | 98 | 86,493 | ||
International Textile Group, Inc., First Lien Term Loan (1 mo. USD LIBOR + 5.00%) | 6.43% | 05/01/2024 | 224 | 113,407 | ||
Kontoor Brands, Inc., Term Loan B (3 mo. USD LIBOR + 4.25%)(e) | 4.42% | 05/17/2026 | 354 | 337,664 | ||
Mascot Bidco OYJ (Finland), Term Loan B (6 mo. EURIBOR + 4.50%) | 4.50% | 03/20/2026 | EUR | 724 | 698,837 | |
Tumi, Inc. | ||||||
Incremental Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.50% | 04/25/2025 | 2,423 | 2,361,174 | ||
Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 04/25/2025 | 29 | 26,666 | ||
3,624,241 | ||||||
Conglomerates–0.62% | ||||||
APi Group DE, Inc., Term Loan (3 mo. USD LIBOR + 2.50%) | 2.67% | 09/30/2026 | 1,784 | 1,719,641 | ||
CTC AcquiCo GmbH (Germany), Term Loan B-1 (3 mo. EURIBOR + 2.50%) | 2.50% | 03/07/2025 | EUR | 426 | 446,367 | |
Safe Fleet Holdings LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 02/03/2025 | 378 | 346,305 | ||
First Lien Term Loan B-1 (1 mo. USD LIBOR + 3.75%) | 4.75% | 02/03/2025 | 259 | 236,893 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.75% | 02/02/2026 | 192 | 158,261 | ||
2,907,467 | ||||||
Containers & Glass Products–3.17% | ||||||
Berlin Packaging LLC, Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | 4.46% | 11/07/2025 | 650 | 620,804 | ||
Berry Global, Inc. | ||||||
Term Loan W (3 mo. USD LIBOR + 2.00%) | 2.22% | 10/01/2022 | 670 | 663,429 | ||
Term Loan Y (1 mo. USD LIBOR + 2.00%) | 2.22% | 07/01/2026 | 6,506 | 6,374,345 | ||
BWAY Holding Co., Term Loan (3 mo. USD LIBOR + 3.25%) | 4.56% | 04/03/2024 | 181 | 166,662 | ||
Consolidated Container Co. LLC | ||||||
First Lien Term Loan(d) | – | 05/22/2024 | 83 | 80,927 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 3.17% | 06/14/2026 | 687 | 663,533 | ||
Duran Group (Germany), Term Loan B-2 (3 mo. USD LIBOR + 4.25%)(e) | 6.12% | 03/21/2024 | 2,475 | 2,165,218 | ||
Flex Acquisition Co., Inc. | ||||||
Incremental Term Loan B (3 mo. USD LIBOR + 3.25%) | 4.68% | 06/29/2025 | 1,781 | 1,685,076 | ||
Term Loan (3 mo. USD LIBOR + 3.25%) | 4.43% | 12/29/2023 | 21 | 19,602 | ||
Fort Dearborn Holding Co., Inc. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 5.00% | 10/19/2023 | 259 | 246,071 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 9.52% | 10/21/2024 | 166 | 149,765 | ||
Hoffmaster Group, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 4.00%) | 5.45% | 11/21/2023 | 655 | 484,374 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Containers & Glass Products–(continued) | ||||||
Keter Group B.V. (Netherlands) | ||||||
Term Loan B-1 (3 mo. EURIBOR + 4.25%) | 5.25% | 10/31/2023 | EUR | 372 | $ 344,568 | |
Term Loan B-3 (3 mo. EURIBOR + 4.25%) | 5.25% | 10/31/2023 | EUR | 255 | 236,768 | |
Klockner Pentaplast of America, Inc. | ||||||
Term Loan (3 mo. EURIBOR + 4.75%) | 4.75% | 06/30/2022 | EUR | 302 | 294,650 | |
Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 06/30/2022 | $ 302 | 274,666 | ||
Libbey Glass, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 3.75% | 04/09/2021 | 327 | 156,353 | ||
Refresco Group N.V. (Netherlands), Term Loan B-1 (3 mo. EURIBOR + 3.25%) | 3.25% | 03/28/2025 | EUR | 146 | 155,851 | |
Trident TPI Holdings, Inc., Term Loan B-2 (3 mo. EURIBOR + 3.50%) | 3.50% | 10/17/2024 | EUR | 155 | 154,741 | |
14,937,403 | ||||||
Cosmetics & Toiletries–1.08% | ||||||
Alphabet Holding Co., Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 3.67% | 09/26/2024 | 1,326 | 1,271,463 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 7.92% | 09/26/2025 | 812 | 702,569 | ||
Anastasia Parent LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.20% | 08/11/2025 | 470 | 163,236 | ||
Coty, Inc. | ||||||
Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.47% | 04/05/2025 | 2,757 | 2,464,052 | ||
Term Loan B (1 mo. EURIBOR + 2.50%) | 2.50% | 04/07/2025 | EUR | 177 | 174,306 | |
Rodenstock GmbH (Germany), Term Loan B (3 mo. EURIBOR + 5.25%) | 5.25% | 06/05/2026 | EUR | 294 | 295,123 | |
5,070,749 | ||||||
Drugs–1.26% | ||||||
Catalent Pharma Solutions, Inc., Term Loan B-2 (1 mo. USD LIBOR + 2.25%) | 3.25% | 05/17/2026 | 32 | 31,611 | ||
Endo LLC, Term Loan (1 mo. USD LIBOR + 4.25%) | 5.00% | 04/29/2024 | �� 1,056 | 991,948 | ||
Grifols Worldwide Operations USA, Inc., Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.09% | 11/15/2027 | 369 | 361,403 | ||
Valeant Pharmaceuticals International, Inc. (Canada) | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 2.75%) | 2.92% | 11/27/2025 | 2,573 | 2,519,275 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 3.17% | 06/02/2025 | 2,064 | 2,028,037 | ||
5,932,274 | ||||||
Ecological Services & Equipment–0.54% | ||||||
Advanced Disposal Services, Inc., Term Loan (1 wk. USD LIBOR + 2.25%) | 3.00% | 11/10/2023 | 45 | 44,498 | ||
EnergySolutions LLC, Term Loan (3 mo. USD LIBOR + 3.75%) | 5.20% | 05/11/2025 | 695 | 628,744 | ||
GFL Environmental, Inc. (Canada), Incremental Term Loan (3 mo. USD LIBOR + 3.00%) | 4.00% | 05/30/2025 | 803 | 795,291 | ||
Patriot Container Corp. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%)(e) | 4.50% | 03/20/2025 | 166 | 157,619 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) (Acquired 03/29/2018; Cost $103,043)(e) | 8.75% | 03/20/2026 | 105 | 86,925 | ||
Tunnel Hill Partners L.P., Term Loan (1 mo. USD LIBOR + 3.50%) | 3.67% | 02/06/2026 | 621 | 558,614 | ||
US Ecology, Inc., Term Loan (1 mo. USD LIBOR + 2.50%) (Acquired 08/14/2019; Cost $149,691)(e) | 2.67% | 08/14/2026 | 150 | 148,171 | ||
WCA Waste Systems, Inc., Term Loan(d) | – | 08/11/2023 | 151 | 147,453 | ||
2,567,315 | ||||||
Electronics & Electrical–11.50% | ||||||
Applied Systems, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.00%) | 8.45% | 09/19/2025 | 58 | 57,253 | ||
Boxer Parent Co., Inc. | ||||||
Term Loan (1 mo. USD LIBOR + 4.25%) | 4.42% | 10/02/2025 | 680 | 644,425 | ||
Term Loan (3 mo. EURIBOR + 4.75%) | 4.75% | 10/02/2025 | EUR | 128 | 136,149 | |
Brave Parent Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 4.17% | 04/18/2025 | 353 | 341,571 | ||
Cision Ltd. | ||||||
Term Loan (3 mo. EURIBOR + 3.75%) | 3.75% | 02/01/2027 | EUR | 379 | 397,139 | |
Term Loan (3 mo. USD LIBOR + 3.75%) | 5.20% | 02/01/2027 | 943 | 878,260 |
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) | |||||
CommScope, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.42% | 04/06/2026 | $ 2,208 | $ 2,128,539 | |
Cornerstone OnDemand, Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.35% | 04/22/2027 | 614 | 607,341 | |
Dell International LLC, Term Loan B-1 (1 mo. USD LIBOR + 2.00%) | 2.75% | 09/19/2025 | 423 | 416,719 | |
Diebold Nixdorf, Inc. | |||||
Term Loan A (1 mo. USD LIBOR + 4.75%) | 5.00% | 04/30/2022 | 333 | 310,197 | |
Term Loan A-1 (1 mo. USD LIBOR + 9.25%) | 9.44% | 08/31/2022 | 1,995 | 1,927,094 | |
Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.00% | 11/06/2023 | 1,196 | 1,088,839 | |
Term Loan B (1 mo. EURIBOR + 3.00%) | 3.00% | 11/06/2023 | EUR | 619 | 617,981 |
Energizer Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.63% | 12/17/2025 | 800 | 785,199 | |
ETA Australia Holdings III Pty. Ltd. (Australia), First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 4.17% | 05/06/2026 | 917 | 880,109 | |
Finastra USA, Inc. (United Kingdom), First Lien Term Loan (3 mo. USD LIBOR + 3.50%) | 4.50% | 06/13/2024 | 481 | 438,190 | |
Go Daddy Operating Co. LLC, Term Loan B-2 (1 mo. USD LIBOR + 2.00%) | 1.92% | 02/15/2024 | 1,292 | 1,269,018 | |
Hyland Software, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 7.75% | 07/07/2025 | 234 | 224,043 | |
IGT Holding IV AB (Sweden) | |||||
Term Loan B (2 mo. EURIBOR + 3.75%) | 3.75% | 07/29/2024 | EUR | 281 | 296,880 |
Term Loan B (3 mo. USD LIBOR + 3.50%) | 5.45% | 07/29/2024 | 1,040 | 964,474 | |
Imperva, Inc. | |||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 8.75% | 01/11/2027 | 562 | 483,058 | |
Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 01/10/2026 | 48 | 45,262 | |
Informatica Corp. | |||||
Term Loan (1 mo. USD LIBOR + 3.25%) | 3.42% | 02/26/2027 | 507 | 485,135 | |
Term Loan (2 mo. EURIBOR + 3.50%) | 3.50% | 02/26/2027 | EUR | 540 | 575,081 |
ION Corp. | |||||
Term Loan (3 mo. EURIBOR + 4.25%) | 4.25% | 10/02/2025 | EUR | 683 | 721,239 |
Term Loan (3 mo. USD LIBOR + 4.25%) | 5.32% | 10/02/2025 | 400 | 385,687 | |
MA FinanceCo. LLC | |||||
Term Loan B-1(d) | – | 05/29/2025 | EUR | 127 | 137,295 |
Term Loan B-2 (1 mo. USD LIBOR + 2.25%) | 2.42% | 11/19/2021 | 45 | 44,632 | |
Term Loan B-4(d) | – | 05/29/2025 | 127 | 123,944 | |
Marcel Bidco LLC, Term Loan B-1 (1 mo. USD LIBOR + 3.25%)(e) | 3.42% | 03/11/2025 | 240 | 230,379 | |
Mavenir Systems, Inc., Term Loan (3 mo. USD LIBOR + 6.00%)(e) | 7.00% | 05/08/2025 | 1,593 | 1,560,868 | |
McAfee LLC | |||||
Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 09/30/2024 | EUR | 885 | 963,745 |
Term Loan B (1 mo. USD LIBOR + 3.75%) | 3.92% | 09/30/2024 | 69 | 68,273 | |
Mirion Technologies, Inc., Term Loan (3 mo. USD LIBOR + 4.00%) | 5.07% | 03/06/2026 | 941 | 912,453 | |
MTS Systems, Term Loan B (1 mo. USD LIBOR + 3.25%)(e) | 4.00% | 07/05/2023 | 246 | 240,654 | |
Natel Engineering Co., Inc., Term Loan (1 mo. USD LIBOR + 5.00%) | 6.07% | 04/29/2026 | 1,456 | 1,088,039 | |
NCR Corp., Term Loan B (3 mo. USD LIBOR + 2.50%)(e) | 2.68% | 08/28/2026 | 1,543 | 1,496,946 | |
Neustar, Inc. | |||||
Term Loan B-4 (1 mo. USD LIBOR + 3.50%) | 4.57% | 08/08/2024 | 1,858 | 1,604,274 | |
Term Loan B-5 (1 mo. USD LIBOR + 4.50%) | 5.57% | 08/08/2024 | 632 | 552,652 | |
Oberthur Technologies of America Corp., Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 01/10/2024 | EUR | 1,000 | 1,026,003 |
Omnitracs, Inc., Term Loan (3 mo. USD LIBOR + 2.75%) | 3.97% | 03/23/2025 | 1,287 | 1,223,621 | |
ON Semiconductor Corp., Term Loan B-4 (3 mo. USD LIBOR + 2.00%) | 2.17% | 09/19/2026 | 1,624 | 1,584,253 | |
Open Text Corp. (Canada), Term Loan (1 mo. USD LIBOR + 1.75%) | 1.92% | 05/30/2025 | 48 | 47,182 | |
Optiv, Inc. | |||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 8.25% | 01/31/2025 | 417 | 291,773 | |
Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 02/01/2024 | 1,805 | 1,519,600 | |
Plantronics, Inc., Term Loan B (1 mo. USD LIBOR + 2.50%) | 2.67% | 07/02/2025 | 701 | 567,147 | |
Project Accelerate Parent LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.25%) | 5.29% | 01/02/2025 | 1,223 | 979,614 | |
Project Leopard Holdings, Inc. | |||||
Incremental Term Loan (6 mo. USD LIBOR + 4.25%) | 5.70% | 07/07/2023 | 623 | 589,023 | |
Term Loan (6 mo. USD LIBOR + 4.50%) | 5.95% | 07/07/2023 | 398 | 376,063 |
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) | ||||||
Quest Software US Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 5.01% | 05/16/2025 | $ 3,570 | $ 3,421,519 | ||
Renaissance Holding Corp., Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 7.76% | 05/29/2026 | 242 | 225,412 | ||
Riverbed Technology, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 04/24/2022 | 3,270 | 2,849,293 | ||
Sandvine Corp. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 4.50%)(e) | 4.67% | 10/31/2025 | 1,193 | 1,109,483 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%)(e) | 9.00% | 11/02/2026 | 180 | 148,312 | ||
Science Applications International Corp. | ||||||
Incremental Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.42% | 03/30/2027 | 1,214 | 1,190,221 | ||
Term Loan B (1 mo. USD LIBOR + 1.75%) | 2.28% | 10/31/2025 | 1,081 | 1,051,783 | ||
Sophos (Surf Holdings LLC) (United Kingdom) | ||||||
Term Loan (3 mo. EURIBOR + 3.50%) | 3.50% | 01/15/2027 | EUR | 90 | 94,340 | |
Term Loan (1 mo. USD LIBOR + 3.50%) | 4.81% | 03/05/2027 | 406 | 390,544 | ||
SS&C Technologies, Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 1.75%) | 1.92% | 04/16/2025 | 508 | 493,800 | ||
Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 1.92% | 04/16/2025 | 349 | 339,408 | ||
Term Loan B-5 (1 mo. USD LIBOR + 2.25%) | 1.92% | 04/16/2025 | 2,018 | 1,962,658 | ||
STG-Fairway Acquisitions, Inc., Term Loan B (3 mo. USD LIBOR + 3.50%) | 4.57% | 01/21/2027 | 451 | 412,546 | ||
Sybil Software LLC, Term Loan (3 mo. USD LIBOR + 2.25%) | 3.70% | 09/29/2023 | 747 | 728,530 | ||
TIBCO Software, Inc. | ||||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 7.43% | 02/14/2028 | 305 | 292,668 | ||
Term Loan B-3 (1 mo. USD LIBOR + 3.75%) | 3.93% | 06/30/2026 | 481 | 465,137 | ||
TTM Technologies, Inc., Term Loan B (1 mo. USD LIBOR + 2.50%)(e) | 2.87% | 09/28/2024 | 1,623 | 1,590,113 | ||
Ultimate Software Group, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 3.92% | 05/04/2026 | 1,430 | 1,388,940 | ||
Veritas US, Inc., Term Loan (3 mo. EURIBOR + 4.50%) | 5.50% | 01/27/2023 | EUR | 97 | 102,850 | |
VS Buyer LLC, Term Loan (1 mo. USD LIBOR + 3.25%)(e) | 3.42% | 02/19/2027 | 16 | 15,350 | ||
WebPros, Term Loan (1 mo. USD LIBOR + 5.25%) | 5.75% | 05/15/2027 | 880 | 836,083 | ||
Xperi Corp., Term Loan B-1 (1 mo. USD LIBOR + 2.50%) | 4.75% | 12/01/2023 | 787 | 785,989 | ||
54,228,294 | ||||||
Equipment Leasing–0.08% | ||||||
Delos Finance S.a.r.l. (Luxembourg), Term Loan (3 mo. USD LIBOR + 1.75%) | 3.20% | 10/06/2023 | 417 | 399,997 | ||
Financial Intermediaries–1.51% | ||||||
Edelman Financial Center LLC (The), First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 3.17% | 07/19/2025 | 234 | 224,025 | ||
Evergood 4 APS (Denmark), Term Loan B-2 (3 mo. EURIBOR + 3.75%) | 3.75% | 02/06/2025 | EUR | 321 | 342,954 | |
Everi Payments, Inc., Term Loan B (1 mo. USD LIBOR + 10.50%)(e) | 11.50% | 05/09/2024 | 98 | 99,350 | ||
Fiserv Investment Solutions, Inc., Term Loan (1 mo. USD LIBOR + 4.75%)(e) | 5.14% | 02/10/2027 | 380 | 372,888 | ||
LPL Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 11/12/2026 | 491 | 476,508 | ||
MoneyGram International, Inc., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.00% | 06/30/2023 | 2,944 | 2,612,741 | ||
RPI Finance Trust | ||||||
Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 02/11/2027 | 937 | 919,555 | ||
Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 02/11/2027 | 1,667 | 1,636,435 | ||
SGG Holdings S.A. (Luxembourg), Term Loan B (6 mo. EURIBOR + 3.75%) | 3.75% | 07/11/2025 | EUR | 423 | 421,900 | |
Stiphout Finance LLC, Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 8.25% | 10/26/2023 | 22 | 15,845 | ||
7,122,201 | ||||||
Food Products–4.15% | ||||||
Arnott’s Biscuits Ltd., Term Loan (3 mo. USD LIBOR + 4.00%) | 5.00% | 12/18/2026 | 880 | 861,653 | ||
B&G Foods, Inc., Term Loan B-4 (3 mo. USD LIBOR + 2.50%) | 2.67% | 09/16/2026 | 156 | 154,396 | ||
Biscuit International S.A.S. (De Banketgroep Holding International B.V.) (France), First Lien Term Loan(d) | – | 02/07/2027 | EUR | 231 | 242,506 | |
CHG PPC Parent LLC, Term Loan (1 mo. USD LIBOR + 2.75%) | 2.92% | 03/31/2025 | 219 | 211,672 | ||
CSM Bakery Supplies LLC, First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 5.35% | 07/03/2020 | 1,877 | 1,698,876 |
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) | ||||||
Dole Food Co., Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.75% | 04/06/2024 | $ 1,664 | $ 1,634,167 | ||
Froneri International PLC (United Kingdom) | ||||||
Second Lien Term Loan (3 mo. EURIBOR + 5.75%) | 5.75% | 01/28/2028 | EUR | 62 | 67,633 | |
Second Lien Term Loan (1 mo. USD LIBOR + 5.75%) | 5.92% | 01/29/2028 | 441 | 419,099 | ||
Term Loan B-2 (1 mo. USD LIBOR + 2.25%) | 2.42% | 01/29/2027 | 902 | 863,452 | ||
H-Food Holdings LLC, Term Loan (1 mo. USD LIBOR + 3.69%) | 3.86% | 05/23/2025 | 3,074 | 2,959,895 | ||
Jacobs Douwe Egberts International B.V., Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.38% | 11/01/2025 | 91 | 89,964 | ||
JBS USA Lux S.A., Term Loan (1 mo. USD LIBOR + 2.50%) | 3.07% | 05/01/2026 | 6,545 | 6,352,326 | ||
Manna Pro Products LLC | ||||||
Delayed Draw Term Loan (1 mo. USD LIBOR + 6.00%) (Acquired 05/30/2019; Cost $54,467)(e) | 7.00% | 12/08/2023 | 55 | 49,134 | ||
Delayed Draw Term Loan (Acquired 05/30/2019; Cost $215,617)(e)(f) | 0.00% | 12/08/2023 | 217 | 194,507 | ||
Incremental Term Loan (1 mo. USD LIBOR + 6.00%) (Acquired 05/30/2019; Cost $906,436)(e) | 7.00% | 12/08/2023 | 914 | 817,904 | ||
Nomad Foods US LLC (United Kingdom), Term Loan B-4 (1 mo. USD LIBOR + 2.25%) | 2.43% | 05/15/2024 | 856 | 835,858 | ||
Shearer’s Foods LLC | ||||||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.75% | 06/30/2022 | 246 | 243,873 | ||
Term Loan (3 mo. USD LIBOR + 4.25%) | 5.25% | 03/31/2022 | 1,406 | 1,396,549 | ||
Sigma Bidco B.V. (Netherlands), Term Loan B-1 (3 mo. EURIBOR + 3.50%) | 3.50% | 07/02/2025 | EUR | 427 | 455,408 | |
19,548,872 | ||||||
Food Service–3.88% | ||||||
Aramark Services, Inc., Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 1.92% | 01/15/2027 | 555 | 529,979 | ||
Carlisle FoodService Products, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 03/20/2025 | 404 | 349,818 | ||
Euro Garages (Netherlands) | ||||||
Term Loan (3 mo. USD LIBOR + 4.00%) | 5.07% | 02/06/2025 | 38 | 36,628 | ||
Term Loan B (3 mo. USD LIBOR + 4.00%) | 5.07% | 02/06/2025 | 447 | 425,712 | ||
Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 02/07/2025 | EUR | 701 | 739,906 | |
Term Loan B (3 mo. GBP LIBOR + 4.75%) | 5.48% | 02/07/2025 | GBP | 543 | 634,987 | |
Houston Foods, Inc., Term Loan (1 mo. USD LIBOR + 3.75%) | 3.92% | 07/20/2025 | 818 | 755,503 | ||
New Red Finance, Inc., Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 1.92% | 11/19/2026 | 11,873 | 11,424,539 | ||
NPC International, Inc., Second Lien Term Loan(d)(h) | – | 04/18/2025 | 240 | 6,288 | ||
Restaurant Technologies, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 6.50%) | 7.95% | 10/01/2026 | 442 | 381,918 | ||
US Foods, Inc. | ||||||
Incremental Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.07% | 08/15/2026 | 178 | 168,637 | ||
Term Loan (1 mo. USD LIBOR + 1.75%) | 1.92% | 06/27/2023 | 1,907 | 1,806,294 | ||
Weight Watchers International, Inc., Term Loan (3 mo. USD LIBOR + 4.75%) | 5.50% | 11/29/2024 | 1,056 | 1,035,133 | ||
18,295,342 | ||||||
Health Care–3.30% | ||||||
Acadia Healthcare Co., Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 2.50%) | 2.67% | 02/11/2022 | 241 | 235,856 | ||
Term Loan B-4 (1 mo. USD LIBOR + 2.50%) | 2.67% | 02/16/2023 | 1,103 | 1,079,376 | ||
AI Sirona (Luxembourg) Acquisition S.a.r.l. (Luxembourg), Term Loan B (6 mo. EURIBOR + 4.00%) | 4.00% | 07/10/2025 | EUR | 379 | 402,162 | |
athenahealth, Inc., First Lien Term Loan B (3 mo. USD LIBOR + 4.50%) | 5.28% | 02/11/2026 | 668 | 646,493 | ||
Biogroup-LCD (France) | ||||||
First Lien Term Loan (3 mo. EURIBOR + 3.75%) | 3.75% | 04/25/2026 | EUR | 197 | 207,268 | |
Term Loan B-7 (3 mo. EURIBOR + 3.75%) | 3.75% | 04/25/2026 | EUR | 249 | 261,744 | |
DaVita HealthCare Partners, Inc., Term Loan B-1 (1 mo. USD LIBOR + 1.75%) | 1.92% | 08/12/2026 | 1,785 | 1,747,863 | ||
Dentalcorp Perfect Smile ULC (Canada) | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 06/06/2025 | 24 | 21,740 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.50%) | 8.50% | 06/08/2026 | 655 | 532,430 |
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) | ||||||
Diaverum Holding S.a.r.l. (Sweden), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 06/08/2024 | EUR | 199 | $ 209,586 | |
Explorer Holdings, Inc., Term Loan (1 mo. USD LIBOR + 4.50%) | 5.50% | 02/04/2027 | $ 400 | 391,659 | ||
EyeCare Partners LLC | ||||||
Delayed Draw Term Loan(f) | 0.00% | 02/05/2027 | 13 | 11,948 | ||
Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.82% | 02/05/2027 | 55 | 51,205 | ||
Financiere Mendel (France), Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 04/12/2026 | EUR | 1,257 | 1,372,004 | |
Global Healthcare Exchange LLC, Term Loan (3 mo. USD LIBOR + 3.25%) | 4.62% | 06/28/2024 | 29 | 27,545 | ||
GoodRx, Inc., Term Loan (1 mo. USD LIBOR + 2.75%) | 2.92% | 10/10/2025 | 49 | 47,360 | ||
Greatbatch Ltd., Term Loan B (1 mo. USD LIBOR + 2.50%) | 3.50% | 10/27/2022 | 90 | 88,712 | ||
HC Group Holdings III, Inc., Term Loan B (1 mo. USD LIBOR + 4.50%) | 4.67% | 08/06/2026 | 1,117 | 1,083,019 | ||
IQVIA, Inc. | ||||||
Incremental Term Loan B-2 (3 mo. USD LIBOR + 2.00%) | 1.92% | 01/17/2025 | 372 | 363,238 | ||
Term Loan B-1 (3 mo. USD LIBOR + 1.75%) | 2.50% | 03/07/2024 | 53 | 51,260 | ||
Term Loan B-3 (3 mo. USD LIBOR + 1.75%) | 3.20% | 06/11/2025 | 18 | 17,599 | ||
IWH UK Midco Ltd. (United Kingdom), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 01/31/2025 | EUR | 918 | 952,612 | |
MED ParentCo L.P. | ||||||
Delayed Draw Term Loan (1 mo. USD LIBOR + 4.25%) | 4.65% | 08/31/2026 | 0 | 6 | ||
Delayed Draw Term Loan (1 mo. USD LIBOR + 4.25%)(f) | 0.00% | 08/31/2026 | 0 | 3 | ||
Nidda Healthcare Holding AG (Germany), Term Loan F (3 mo. GBP LIBOR + 4.50%) | 4.76% | 08/21/2026 | GBP | 172 | 200,930 | |
Ortho-Clinical Diagnostics, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.58% | 06/30/2025 | 239 | 227,274 | ||
Prophylaxis B.V. (Netherlands), Term Loan B (6 mo. EURIBOR + 4.00%) | 4.00% | 06/05/2025 | EUR | 1,729 | 1,189,717 | |
Sunshine Luxembourg VII S.a.r.l. (Switzerland), Term Loan (3 mo. USD LIBOR + 4.25%) | 5.32% | 07/23/2026 | 1,400 | 1,347,318 | ||
Surgery Center Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 09/02/2024 | 5 | 4,693 | ||
Terveys-ja hoivapalvelut Suomi Oy (Finland) | ||||||
First Lien Term Loan B (1 mo. EURIBOR + 3.75%) | 3.75% | 08/11/2025 | EUR | 1,042 | 1,089,650 | |
Second Lien Term Loan (3 mo. EURIBOR + 7.25%) | 7.25% | 07/19/2026 | EUR | 333 | 333,594 | |
Unilabs Diagnostics AB (Sweden), Revolver Loan(e)(f) | 0.00% | 04/01/2021 | EUR | 768 | 787,114 | |
Upstream Newco, Inc., Term Loan (3 mo. USD LIBOR + 4.50%)(e) | 4.67% | 10/22/2026 | 300 | 273,134 | ||
Verscend Holding Corp., Term Loan B (1 mo. USD LIBOR + 4.50%) | 4.67% | 08/27/2025 | 324 | 314,473 | ||
15,570,585 | ||||||
Home Furnishings–0.84% | ||||||
Hayward Industries, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 3.67% | 08/05/2024 | 238 | 231,353 | ||
Hilding Anders AB (Sweden), Term Loan B (3 mo. EURIBOR + 5.00%) | 5.00% | 11/29/2024 | EUR | 388 | 248,862 | |
Serta Simmons Bedding LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 4.64% | 11/08/2023 | 1,859 | 790,720 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%) | 9.02% | 11/08/2024 | 1,155 | 88,536 | ||
SIWF Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.25%) | 5.32% | 06/15/2025 | 1,172 | 1,041,450 | ||
TGP Holdings III LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 5.25% | 09/25/2024 | 1,411 | 1,273,839 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 9.50% | 09/25/2025 | 330 | 277,976 | ||
3,952,736 | ||||||
Industrial Equipment–2.27% | ||||||
Airxcel, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.50%) | 4.67% | 04/28/2025 | 237 | 195,566 | ||
Alpha AB Bidco B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 07/30/2025 | EUR | 359 | 374,886 | |
Altra Industrial Motion Corp., Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.17% | 06/30/2020 | 68 | 65,039 | ||
CIRCOR International, Inc., Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.25% | 12/11/2024 | 200 | 177,590 | ||
Clark Equipment Co., Term Loan (1 mo. USD LIBOR + 1.75%) | 3.20% | 05/18/2024 | 385 | 366,048 | ||
Columbus McKinnon Corp., Term Loan (3 mo. USD LIBOR + 2.50%)(e) | 3.95% | 01/31/2024 | 17 | 16,540 | ||
Crosby US Acquisition Corp., Term Loan B (1 mo. USD LIBOR + 4.75%) | 4.92% | 06/27/2026 | 416 | 366,468 | ||
Delachaux Group S.A. (France), Term Loan B-2 (3 mo. USD LIBOR + 4.50%) | 5.36% | 04/16/2026 | 339 | 314,437 | ||
DXP Enterprises, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 08/29/2023 | 56 | 51,600 |
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) | ||||||
Engineered Machinery Holdings, Inc. | ||||||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 4.25%) | 5.70% | 07/19/2024 | $ 137 | $ 130,108 | ||
First Lien Term Loan (3 mo. USD LIBOR + 3.00%) | 4.45% | 07/19/2024 | 273 | 258,840 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 7.25%) | 8.70% | 07/18/2025 | 439 | 402,636 | ||
Gardner Denver, Inc. | ||||||
Term Loan B-1 (1 mo. USD LIBOR + 1.75%) | 1.92% | 03/31/2027 | 1,115 | 1,062,517 | ||
Term Loan B-2 (1 mo. USD LIBOR + 1.75%) | 1.92% | 03/01/2027 | 2,010 | 1,915,900 | ||
Term Loan B-2 (3 mo. EURIBOR + 2.00%) | 2.00% | 03/01/2027 | EUR | 105 | 114,454 | |
Generac Power Systems, Inc., Term Loan (1 mo. USD LIBOR + 1.75%) | 2.12% | 06/01/2020 | 97 | 96,305 | ||
Hamilton Holdco LLC, Term Loan (3 mo. USD LIBOR + 2.00%)(e) | 3.46% | 01/02/2027 | 1,960 | 1,896,132 | ||
Kantar (United Kingdom), Term Loan B-1(d) | – | 12/04/2026 | EUR | 434 | 452,558 | |
MX Holdings US, Inc., Term Loan B-1-C (1 mo. USD LIBOR + 3.00%) | 3.50% | 07/31/2025 | 858 | 844,257 | ||
New VAC US LLC, Term Loan B (3 mo. USD LIBOR + 4.00%) (Acquired 02/26/2018; Cost $418,256)(e) | 5.45% | 03/08/2025 | 420 | 304,345 | ||
Rexnord LLC/RBS Global, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 08/21/2024 | 332 | 328,590 | ||
Robertshaw US Holding Corp., Second Lien Term Loan (1 mo. USD LIBOR + 8.00%)(e) | 9.00% | 02/28/2026 | 388 | 198,068 | ||
S2P Acquisiton Borrower, Inc., First Lien Term Loan | – | 08/14/2026 | 484 | 457,962 | ||
Terex Corp., Term Loan (1 mo. USD LIBOR + 2.75%)(e) | 3.50% | 01/31/2024 | 300 | 292,880 | ||
10,683,726 | ||||||
Insurance–0.12% | ||||||
FrontDoor, Inc., Term Loan (1 mo. USD LIBOR + 2.50%) | 2.69% | 08/16/2025 | 308 | 298,413 | ||
Hub International Ltd., Term Loan (3 mo. USD LIBOR + 2.75%) | 4.02% | 04/25/2025 | 18 | 17,466 | ||
Sedgwick Claims Management Services, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.42% | 12/31/2025 | 280 | 264,755 | ||
580,634 | ||||||
Leisure Goods, Activities & Movies–4.33% | ||||||
Alpha Topco Ltd. (United Kingdom), Term Loan B (1 mo. USD LIBOR + 2.50%) | 3.50% | 02/01/2024 | 3,510 | 3,338,836 | ||
AMC Entertainment, Inc., Term Loan B-1 (1 mo. USD LIBOR + 3.00%) | 4.08% | 04/22/2026 | 124 | 95,733 | ||
Ancestry.com Operations, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.75%)(e) | 4.75% | 10/19/2023 | 1,955 | 1,891,895 | ||
Callaway Golf Co., Term Loan (1 mo. USD LIBOR + 4.50%) | 4.68% | 01/02/2026 | 361 | 357,816 | ||
Crown Finance US, Inc. | ||||||
Term Loan (3 mo. USD LIBOR + 2.25%) | 3.32% | 02/28/2025 | 1,481 | 1,116,873 | ||
Term Loan (3 mo. USD LIBOR + 2.50%) | 3.57% | 09/20/2026 | 1,403 | 1,073,476 | ||
Term Loan(d) | – | 02/28/2027 | 5,679 | 3,577,510 | ||
CWGS Group LLC, Term Loan (1 mo. USD LIBOR + 2.75%) | 4.12% | 11/08/2023 | 593 | 536,207 | ||
Dorna Sports S.L. (Spain) | ||||||
Term Loan B-2 (6 mo. USD LIBOR + 3.00%) | 4.92% | 04/12/2024 | 1,012 | 938,977 | ||
Term Loan B-2(d) | – | 05/03/2024 | EUR | 116 | 120,745 | |
Fitness International LLC, Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.32% | 04/18/2025 | 284 | 165,078 | ||
Invictus Media S.L.U. (Spain) | ||||||
Term Loan B-1 (6 mo. EURIBOR + 4.50%) | 4.75% | 06/26/2025 | EUR | 455 | 435,579 | |
Term Loan B-2 (6 mo. EURIBOR + 4.50%) | 4.75% | 06/26/2025 | EUR | 274 | 261,927 | |
Lakeland Tours LLC, Term Loan (3 mo. USD LIBOR + 4.00%) | 5.25% | 12/16/2024 | 796 | 412,199 | ||
Live Nation Entertainment, Inc., Term Loan B-4 (3 mo. USD LIBOR + 1.75%) | 1.94% | 10/19/2026 | 106 | 99,837 | ||
Markermeer Finance B.V., Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 01/24/2027 | EUR | 620 | 642,379 | |
Merlin Entertainments PLC (United Kingdom) | ||||||
Term Loan B (3 mo. EURIBOR + 3.00%) | 3.00% | 10/16/2026 | EUR | 333 | 344,093 | |
Term Loan B-1 (3 mo. USD LIBOR + 3.25%) | 4.70% | 10/16/2026 | 15 | 13,525 | ||
Term Loan B-2 (3 mo. USD LIBOR + 3.25%) | 4.32% | 10/16/2026 | 5 | 4,740 | ||
Parques Reunidos (Spain) | ||||||
Incremental Term Loan B-2(d) | – | 09/27/2026 | EUR | 580 | 618,948 | |
Term Loan B-1 (6 mo. EURIBOR + 3.75%) | 3.75% | 09/27/2026 | EUR | 807 | 775,400 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Leisure Goods, Activities & Movies–(continued) | ||||||
Sabre GLBL, Inc., Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.17% | 02/22/2024 | $ 57 | $ 51,272 | ||
SeaWorld Parks & Entertainment, Inc., Term Loan B-5(d) | – | 04/01/2024 | 329 | 305,446 | ||
SRAM LLC, Term Loan B (3 mo. USD LIBOR + 2.75%)(e) | 3.75% | 03/15/2024 | 197 | 190,751 | ||
USF S&H TopCo LLC | ||||||
Delayed Draw Term Loan (Acquired 12/02/2019; Cost $81,563)(e) | 7.24% | 11/26/2024 | 82 | 61,449 | ||
Delayed Draw Term Loan (Acquired 12/02/2019; Cost $451,499)(e)(f) | 0.00% | 11/26/2024 | 453 | 340,157 | ||
Revolver Loan (3 mo. USD LIBOR + 5.50%) (Acquired 12/02/2019; Cost $167,338)(e) | 6.50% | 11/26/2024 | 170 | 127,224 | ||
Revolver Loan (Acquired 12/02/2019; Cost $8,807)(e)(f) | 0.00% | 11/26/2024 | 9 | 6,696 | ||
Term Loan A (Acquired 12/02/2019; Cost $3,135,647)(e) | – | 11/26/2024 | 3,179 | 2,384,494 | ||
Vue International Bidco PLC (United Kingdom) | ||||||
Term Loan B-1 (3 mo. EURIBOR + 4.75%) | 4.25% | 06/21/2026 | EUR | 85 | 80,106 | |
Term Loan B-2(d) | – | 07/03/2026 | EUR | 38 | 35,331 | |
20,404,699 | ||||||
Lodging & Casinos–4.15% | ||||||
AMCP Clean Acquisition Co. LLC | ||||||
Delayed Draw Term Loan (3 mo. USD LIBOR + 4.25%)(e) | 5.32% | 06/16/2025 | 133 | 67,537 | ||
Term Loan (3 mo. USD LIBOR + 4.25%)(e) | 5.32% | 06/16/2025 | 547 | 279,118 | ||
Aristocrat Technologies, Inc. (Australia), Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/19/2024 | 891 | 888,415 | ||
B&B Hotels S.A.S. (France) | ||||||
Second Lien Term Loan B (3 mo. EURIBOR + 8.50%) | 8.50% | 07/31/2027 | EUR | 264 | 188,040 | |
Term Loan B-3-A (3 mo. EURIBOR + 3.88%) | 3.88% | 07/31/2026 | EUR | 579 | 538,561 | |
Caesars Entertainment Operating Co. LLC, Term Loan B (3 mo. USD LIBOR + 2.00%) | 2.17% | 10/06/2024 | 537 | 523,993 | ||
Caesars Resort Collection LLC, Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.92% | 12/23/2024 | 6,047 | 5,496,461 | ||
CityCenter Holdings LLC, Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.00% | 04/18/2024 | 1,099 | 1,036,866 | ||
ESH Hospitality, Inc., Term Loan (3 mo. USD LIBOR + 2.00%) | 2.17% | 09/18/2026 | 194 | 187,781 | ||
Four Seasons Hotels Ltd. (Canada), First Lien Term Loan (1 mo USD LIBOR + 2.00%) | 2.17% | 11/30/2023 | 58 | 55,777 | ||
Hilton Worldwide Finance LLC, Term Loan B-2 (1 mo. USD LIBOR + 1.75%) | 1.92% | 06/22/2026 | 153 | 146,185 | ||
PCI Gaming Authority, Term Loan B (1 mo. USD LIBOR + 3.00%) | 2.67% | 05/29/2026 | 882 | 841,647 | ||
Penn National Gaming, Inc., Incremental Term Loan B-1 (1 mo. USD LIBOR + 2.25%) | 3.00% | 10/15/2025 | 514 | 486,354 | ||
Scientific Games International, Inc., Term Loan B-5 (1 mo. USD LIBOR + 2.75%) | 2.93% | 08/14/2024 | 57 | 51,314 | ||
Stars Group (US) Co-Borrower LLC, Term Loan (3 mo. USD LIBOR + 3.50%) | 4.95% | 07/10/2025 | 4,023 | 3,982,601 | ||
Station Casinos LLC, Term Loan B-1 (1 mo. USD LIBOR + 2.25%) | 2.50% | 02/08/2027 | 2,693 | 2,548,379 | ||
Tackle Group S.a.r.l. (Luxembourg), Incremental Term Loan (3 mo. EURIBOR + 4.00%) | 4.00% | 08/14/2024 | EUR | 1,130 | 1,227,799 | |
Twin River Worldwide Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.92% | 05/10/2026 | 748 | 665,830 | ||
VICI Properties 1 LLC, Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 12/20/2024 | 367 | 351,366 | ||
Wyndham Hotels & Resorts, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 05/30/2025 | 15 | 14,107 | ||
19,578,131 | ||||||
Nonferrous Metals & Minerals–0.65% | ||||||
American Rock Salt Co. LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 03/21/2025 | 586 | 570,622 | ||
Covia Holdings Corp., Term Loan (3 mo. USD LIBOR + 4.00%) | 5.39% | 06/01/2025 | 1,270 | 786,083 | ||
Form Technologies LLC | ||||||
First Lien Term Loan B-2 (3 mo. USD LIBOR + 3.25%) | 4.70% | 01/28/2022 | 1,070 | 733,266 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 9.95% | 01/30/2023 | 15 | 8,137 | ||
Kissner Group, Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.50% | 03/01/2027 | 889 | 857,369 | ||
U.S. Silica Co., Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 05/01/2025 | 154 | 113,535 | ||
3,069,012 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Oil & Gas–4.80% | ||||||
BCP Raptor LLC, Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 06/24/2024 | $ 698 | $ 492,989 | ||
Blackstone CQP Holdco, Term Loan (3 mo. USD LIBOR + 3.50%) | 4.62% | 09/30/2024 | 2,727 | 2,620,206 | ||
Brazos Delaware II LLC, Term Loan (1 mo. USD LIBOR + 4.00%) | 4.17% | 05/21/2025 | 1,071 | 622,049 | ||
California Resources Corp. | ||||||
Term Loan (1 mo. USD LIBOR + 10.38%) | 11.38% | 12/31/2021 | 1,137 | 76,311 | ||
Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 12/31/2022 | 1,418 | 395,834 | ||
Centurion Pipeline Co. LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 3.42% | 09/29/2025 | 419 | 388,090 | ||
Crestwood Holdings LLC, Term Loan (1 mo. USD LIBOR + 7.50%) | 7.68% | 03/06/2023 | 1,986 | 1,147,173 | ||
Encino Acquisition Partners Holdings LLC, Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.75% | 10/29/2025 | 1,136 | 718,053 | ||
Fieldwood Energy LLC | ||||||
First Lien Term Loan(h) | 6.25% | 04/11/2022 | 3,089 | 452,168 | ||
Second Lien Term Loan(h) | 8.25% | 04/11/2023 | 2,764 | 72,660 | ||
Glass Mountain Pipeline Holdings LLC, Term Loan (3 mo. USD LIBOR + 4.50%) | 5.50% | 12/23/2024 | 1,017 | 443,355 | ||
Gulf Finance LLC, Term Loan B (1 mo. USD LIBOR + 5.25%) | 6.25% | 08/25/2023 | 618 | 365,323 | ||
HGIM Corp., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.71% | 07/02/2023 | 1,194 | 560,938 | ||
Lower Cadence Holdings LLC, Term Loan (3 mo. USD LIBOR + 4.00%) | 4.17% | 05/22/2026 | 179 | 155,090 | ||
Lucid Energy Group II Borrower LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 02/17/2025 | 733 | 549,506 | ||
McDermott Technology (Americas), Inc. | ||||||
DIP LOC(f)(i) | 0.00% | 10/23/2020 | 2,136 | 2,066,687 | ||
DIP Term Loan (1 mo. USD LIBOR + 9.00%)(i) | 10.00% | 10/21/2020 | 1,790 | 1,744,380 | ||
DIP Term Loan (1 mo. USD LIBOR + 9.00%)(i) | 10.04% | 10/23/2020 | 2,500 | 2,435,331 | ||
Term Loan (3 mo. USD LIBOR + 6.00%)(i) | 9.25% | 05/09/2025 | 2,917 | 1,043,438 | ||
Moda Ingleside Energy Center LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 3.65% | 09/29/2025 | 160 | 150,537 | ||
Navitas Midstream Midland Basin LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | 5.50% | 12/13/2024 | 1,410 | 1,176,270 | ||
Osum Production Corp. (Canada), Term Loan (3 mo. USD LIBOR + 9.50%) (Acquired 06/28/2019; Cost $1,423,078 )(e) | 8.95% | 07/31/2022 | 1,501 | 1,163,416 | ||
Paragon Offshore Finance Co. (Cayman Islands), Term Loan (Acquired 07/11/2014; Cost $9,605)(d)(e)(h)(i) | – | 07/16/2021 | 10 | 0 | ||
Petroleum GEO-Services ASA, Term Loan (1 mo. USD LIBOR + 7.00%) | 8.46% | 03/19/2024 | 2,451 | 1,319,198 | ||
Prairie ECI Acquiror L.P., Term Loan (3 mo. USD LIBOR + 4.75%) | 6.20% | 03/11/2026 | 1,150 | 1,045,061 | ||
Seadrill Operating L.P., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.45% | 02/21/2021 | 6,218 | 1,088,059 | ||
Southcross Energy Partners L.P. | ||||||
Revolver Loan(e)(f) | 0.00% | 01/31/2025 | 79 | 78,931 | ||
Term Loan (1 mo. USD LIBOR + 9.00%) (Acquired 01/31/2020; Cost $91,957)(e) | 10.00% | 01/31/2025 | 92 | 92,417 | ||
Tribune Resources, Inc., Term Loan (1 mo. USD LIBOR + 6.50%) | 7.50% | 03/30/2023 | 213 | 186,806 | ||
22,650,276 | ||||||
Publishing–1.59% | ||||||
Adtalem Global Education, Inc., Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.17% | 04/11/2025 | 560 | 525,254 | ||
Cengage Learning, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.25% | 06/07/2023 | 2,890 | 2,359,937 | ||
Clear Channel Worldwide Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.26% | 08/15/2026 | 1,914 | 1,787,987 | ||
Nielsen Finance LLC | ||||||
Term Loan B-4 (1 mo. USD LIBOR + 2.00%) | 2.22% | 10/04/2023 | 77 | 75,267 | ||
Term Loan B-5(d) | – | 06/30/2025 | 2,156 | 2,154,203 | ||
ProQuest LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 3.67% | 10/17/2026 | 612 | 594,608 | ||
7,497,256 | ||||||
Radio & Television–2.01% | ||||||
Diamond Sports Holdings LLC, Term Loan B (1 mo. USD LIBOR + 3.25%) | 3.42% | 08/24/2026 | 988 | 856,951 | ||
Gray Television, Inc., Term Loan C (3 mo. USD LIBOR + 2.50%) | 2.83% | 01/02/2026 | 915 | 894,914 | ||
Mission Broadcasting, Inc., Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 2.62% | 01/17/2024 | 120 | 115,554 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Radio & Television–(continued) | ||||||
Nexstar Broadcasting, Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 2.42% | 01/17/2024 | $ 465 | $ 448,773 | ||
Term Loan B-4 (1 mo. USD LIBOR + 2.75%) | 3.12% | 09/18/2026 | 5,552 | 5,370,528 | ||
Sinclair Television Group, Inc. | ||||||
Term Loan B(d) | – | 01/03/2024 | 21 | 20,885 | ||
Term Loan B-2-B (1 mo. USD LIBOR + 2.50%) | 2.69% | 09/30/2026 | 1,794 | 1,753,921 | ||
9,461,526 | ||||||
Rail Industries–0.13% | ||||||
Genesee & Wyoming, Inc., Term Loan (3 mo. USD LIBOR + 2.00%) | 3.45% | 12/30/2026 | 634 | 622,874 | ||
Retailers (except Food & Drug)–1.54% | ||||||
Action Holding B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.50% | 01/18/2027 | EUR | 450 | 478,695 | |
Bass Pro Group LLC, Term Loan (3 mo. USD LIBOR + 5.00%) | 6.07% | 09/25/2024 | 773 | 729,786 | ||
Claire’s Stores, Inc., Term Loan B (1 mo. USD LIBOR + 6.50%) | 8.42% | 12/18/2026 | 345 | 267,973 | ||
Petco Animal Supplies, Inc., Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 01/26/2023 | 3,112 | 2,183,522 | ||
PetSmart, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 03/11/2022 | 3,677 | 3,621,404 | ||
7,281,380 | ||||||
Surface Transport–0.79% | ||||||
Commercial Barge Line Co. | ||||||
DIP Term Loan (1 mo. USD LIBOR + 7.00%)(e) | 9.00% | 06/01/2020 | 231 | 229,392 | ||
First Lien Term Loan(d) | – | 11/12/2020 | 4,519 | 1,462,890 | ||
Odyssey Logistics & Technology Corp., First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 5.07% | 10/12/2024 | 11 | 9,430 | ||
PODS LLC, Term Loan B-4 (1 mo. USD LIBOR + 2.75%) | 3.75% | 12/06/2024 | 163 | 160,323 | ||
U.S. Shipping Corp., Term Loan B-2 (1 mo. USD LIBOR + 4.25%) | 5.25% | 06/26/2021 | 1,662 | 1,375,718 | ||
XPO Logistics, Inc., Term Loan B-1 (1 mo. USD LIBOR + 2.50%) | 2.68% | 02/24/2025 | 474 | 466,130 | ||
3,703,883 | ||||||
Telecommunications–7.14% | ||||||
Avaya, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 4.43% | 12/15/2024 | 135 | 125,987 | ||
CenturyLink, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.42% | 03/15/2027 | 6,347 | 6,114,301 | ||
Ciena Corp., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 09/26/2025 | 114 | 112,627 | ||
Colorado Buyer, Inc. | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 05/01/2024 | 1,215 | 917,587 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 05/01/2024 | 22 | 16,304 | ||
Consolidated Communications, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 10/05/2023 | 2,521 | 2,426,875 | ||
GCI Holdings, Inc., Term Loan B(d) | – | 02/02/2022 | 553 | 537,454 | ||
Hargray Communications Group, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 05/16/2024 | 579 | 555,750 | ||
Inmarsat Finance PLC (United Kingdom), Term Loan B (3 mo. USD LIBOR + 4.50%) | 5.50% | 12/11/2026 | 1,433 | 1,346,934 | ||
Intelsat Jackson Holdings S.A. (Luxembourg), Term Loan B-5 (1 mo. USD LIBOR + 8.63%)(i) | 8.63% | 01/02/2024 | 1,237 | 1,250,232 | ||
Iridium Satellite LLC, Term Loan (3 mo. USD LIBOR + 3.75%) | 4.75% | 11/04/2026 | 214 | 212,021 | ||
Level 3 Financing, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.92% | 03/01/2027 | 4,790 | 4,663,617 | ||
Midcontinent Communications, Term Loan (1 mo. USD LIBOR + 2.25%) | 1.92% | 08/15/2026 | 69 | 67,082 | ||
MLN US HoldCo LLC | ||||||
First Lien Term Loan B (1 mo. USD LIBOR + 4.50%) | 4.83% | 11/30/2025 | 2,018 | 1,548,105 | ||
Second Lien Term Loan B (3 mo. USD LIBOR + 8.75%) | 9.08% | 11/30/2026 | 1,024 | 346,784 | ||
MM Holdphone (Spain), Term Loan B (4 mo. EURIBOR + 2.63%) | 2.63% | 05/07/2026 | EUR | 310 | 335,622 | |
MTN Infrastructure TopCo, Inc. | ||||||
Incremental Term Loan(d) | – | 11/17/2024 | 745 | 727,518 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 11/15/2024 | 777 | 746,140 | ||
Radiate Holdco LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 3.75% | 02/01/2024 | 225 | 219,042 | ||
SBA Senior Finance II LLC, Term Loan (1 mo. USD LIBOR + 1.75%) | 1.93% | 04/11/2025 | 552 | 538,442 |
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) | ||||||
Syniverse Holdings, Inc., Term Loan C (1 mo. USD LIBOR + 5.00%) | 6.87% | 03/09/2023 | $ 1,305 | $ 832,148 | ||
Telesat LLC, Term Loan B-5 (1 mo. USD LIBOR + 2.75%) | 2.93% | 12/07/2026 | 6,217 | 6,019,456 | ||
U.S. TelePacific Corp., Term Loan (3 mo. USD LIBOR + 5.00%) | 7.07% | 05/02/2023 | 2,726 | 2,151,657 | ||
Windstream Services LLC, DIP Term Loan (1 mo. USD LIBOR + 2.50%)(i) | 2.68% | 02/26/2021 | 1,354 | 1,340,186 | ||
Xplornet Communications, Inc. (Canada)(d) | – | 05/29/2027 | 490 | 465,925 | ||
Zayo Group LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 3.17% | 02/20/2027 | 31 | 30,337 | ||
33,648,133 | ||||||
Utilities–6.78% | ||||||
AI Alpine US Bidco, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.96% | 10/25/2025 | 11 | 9,444 | ||
APLP Holdings L.P. (Canada), Term Loan B (1 mo. USD LIBOR + 2.50%) | 3.50% | 04/19/2025 | 108 | 105,208 | ||
Aria Energy Operating LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | 5.50% | 05/27/2022 | 650 | 608,068 | ||
Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 3.75% | 08/01/2025 | 436 | 427,084 | ||
Calpine Construction Finance Co. L.P., Term Loan (1 mo. USD LIBOR + 2.50%) | 2.17% | 01/15/2025 | 122 | 119,242 | ||
Calpine Corp. | ||||||
Term Loan (3 mo. USD LIBOR + 2.50%) | 2.43% | 01/15/2024 | 3,637 | 3,573,005 | ||
Term Loan (2 mo. USD LIBOR + 2.75%) | 2.43% | 04/05/2026 | 5,759 | 5,623,789 | ||
Term Loan B-10 (1 mo. USD LIBOR + 2.50%) | 2.17% | 08/12/2026 | 2,158 | 2,104,192 | ||
Eastern Power LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/02/2025 | 1,621 | 1,603,932 | ||
Granite Acquisition, Inc. | ||||||
First Lien Term Loan B (3 mo. USD LIBOR + 3.50%) | 4.95% | 12/17/2021 | 1,897 | 1,873,514 | ||
Second Lien Term Loan B (3 mo. USD LIBOR + 7.25%) | 8.70% | 12/19/2022 | 555 | 547,190 | ||
Granite Generation LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.20% | 10/31/2026 | 3,171 | 3,065,345 | ||
Heritage Power LLC, Term Loan (3 mo. USD LIBOR + 6.00%) | 7.77% | 07/30/2026 | 1,719 | 1,529,804 | ||
Invenergy Thermal Operating I LLC, Term Loan (1 mo. USD LIBOR + 3.50%)(e) | 3.17% | 08/28/2025 | 67 | 66,193 | ||
KAMC Holdings, Inc., First Lien Term Loan B (3 mo. USD LIBOR + 4.00%) | 5.61% | 08/14/2026 | 608 | 513,460 | ||
Lightstone Holdco LLC | ||||||
Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.75% | 01/30/2024 | 2,720 | 2,226,664 | ||
Term Loan C (1 mo. USD LIBOR + 3.75%) | 4.75% | 01/30/2024 | 153 | 125,587 | ||
Nautilus Power LLC, Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 05/16/2024 | 1,425 | 1,359,584 | ||
Pacific Gas and Electric Co., DIP Term Loan (1 mo. USD LIBOR + 2.25%) | 2.44% | 12/31/2020 | 1,790 | 1,787,061 | ||
Pike Corp., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 07/24/2026 | 241 | 236,902 | ||
PowerTeam Services LLC, First Lien Term Loan (3 mo. USD LIBOR + 3.25%) | 4.70% | 03/06/2025 | 516 | 491,190 | ||
Revere Power LLC | ||||||
Term Loan B (3 mo. USD LIBOR + 4.25%) | 4.42% | 03/27/2026 | 763 | 635,596 | ||
Term Loan C (3 mo. USD LIBOR + 4.25%) | 4.42% | 03/27/2026 | 80 | 66,366 | ||
Southeast PowerGen LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.50% | 12/02/2021 | 332 | 310,630 | ||
Vistra Operations Co. LLC, Incremental Term Loan (1 mo. USD LIBOR + 1.75%) | 1.93% | 12/31/2025 | 3,030 | 2,975,542 | ||
31,984,592 | ||||||
Total Variable Rate Senior Loan Interests (Cost $513,831,281) | 460,033,927 | |||||
U.S. Dollar Denominated Bonds & Notes–11.05% | ||||||
Aerospace & Defense–0.78% | ||||||
TransDigm, Inc.(j) | 8.00% | 12/15/2025 | 1,270 | 1,377,950 | ||
TransDigm, Inc.(j) | 6.25% | 03/15/2026 | 2,253 | 2,308,965 | ||
3,686,915 | ||||||
Air Transport–0.49% | ||||||
Delta Air Lines, Inc.(j) | 7.00% | 05/01/2025 | 1,157 | 1,197,050 | ||
Mesa Airlines, Inc., Class B(e) | 5.75% | 07/15/2025 | 1,704 | 1,121,081 | ||
2,318,131 |
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–0.35% | ||||||
Allison Transmission, Inc.(j) | 5.88% | 06/01/2029 | $ 531 | $ 537,853 | ||
IHO Verwaltungs GmbH (Germany)(j) | 4.75% | 09/15/2026 | 833 | 800,850 | ||
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc.(j) | 6.25% | 05/15/2026 | 311 | 317,170 | ||
1,655,873 | ||||||
Building & Development–0.14% | ||||||
American Builders & Contractors Supply Co., Inc.(j) | 4.00% | 01/15/2028 | 486 | 489,555 | ||
Beacon Roofing Supply, Inc.(j) | 4.50% | 11/15/2026 | 175 | 171,774 | ||
661,329 | ||||||
Business Equipment & Services–1.18% | ||||||
ADT Security Corp. (The) | 3.50% | 07/15/2022 | 171 | 172,901 | ||
Dun & Bradstreet Corp. (The)(j) | 6.88% | 08/15/2026 | 295 | 320,767 | ||
Prime Security Services Borrower LLC/Prime Finance, Inc.(j) | 5.25% | 04/15/2024 | 1,971 | 2,059,902 | ||
Prime Security Services Borrower LLC/Prime Finance, Inc.(j) | 5.75% | 04/15/2026 | 2,910 | 3,004,109 | ||
5,557,679 | ||||||
Cable & Satellite Television–1.30% | ||||||
Altice Financing S.A. (Luxembourg)(j) | 5.00% | 01/15/2028 | 194 | 196,243 | ||
Altice Financing S.A. (Luxembourg)(j) | 7.50% | 05/15/2026 | 854 | 901,128 | ||
Altice France S.A. (France)(j) | 5.50% | 01/15/2028 | 328 | 337,900 | ||
CSC Holdings LLC(j) | 5.75% | 01/15/2030 | 180 | 190,182 | ||
CSC Holdings LLC(j) | 5.50% | 05/15/2026 | 2,666 | 2,792,915 | ||
Numericable-SFR S.A. (France)(j) | 8.13% | 02/01/2027 | 832 | 917,122 | ||
Virgin Media Secured Finance PLC (United Kingdom)(j) | 5.50% | 08/15/2026 | 554 | 579,155 | ||
Ziggo B.V. (Netherlands)(j) | 5.50% | 01/15/2027 | 188 | 198,179 | ||
6,112,824 | ||||||
Containers & Glass Products–0.82% | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(j) | 4.25% | 09/15/2022 | 283 | 286,359 | ||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(j) | 4.13% | 08/15/2026 | 1,082 | 1,088,270 | ||
Berry Global, Inc.(j) | 4.88% | 07/15/2026 | 1,075 | 1,126,235 | ||
Mauser Packaging Solutions Holding Co.(j) | 5.50% | 04/15/2024 | 240 | 238,948 | ||
Reynolds Group Issuer, Inc./LLC(j) | 5.13% | 07/15/2023 | 179 | 181,704 | ||
Reynolds Group Issuer, Inc./LLC (1 mo. USD LIBOR + 3.50%)(j)(k) | 4.72% | 07/15/2021 | 969 | 964,460 | ||
3,885,976 | ||||||
Drugs–0.02% | ||||||
Catalent Pharma Solutions, Inc.(j) | 5.00% | 07/15/2027 | 103 | 105,813 | ||
Electronics & Electrical–2.82% | ||||||
CommScope, Inc.(j) | 5.50% | 03/01/2024 | 163 | 168,062 | ||
CommScope, Inc.(j) | 8.25% | 03/01/2027 | 506 | 528,676 | ||
CommScope, Inc.(j) | 6.00% | 03/01/2026 | 2,357 | 2,484,054 | ||
Dell International LLC/EMC Corp.(j) | 6.10% | 07/15/2027 | 545 | 613,896 | ||
Dell International LLC/EMC Corp.(j) | 6.20% | 07/15/2030 | 1,152 | 1,316,652 | ||
Dell International LLC/EMC Corp.(j) | 5.85% | 07/15/2025 | 726 | 813,658 | ||
Dell International LLC/EMC Corp.(j) | 4.90% | 10/01/2026 | 2,538 | 2,746,212 | ||
Dell International LLC/EMC Corp.(j) | 5.30% | 10/01/2029 | 3,877 | 4,221,115 | ||
Riverbed Technology, Inc.(j) | 8.88% | 03/01/2023 | 664 | 398,400 | ||
13,290,725 |
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 Service–0.25% | ||||||
eG Global Finance PLC (United Kingdom)(j) | 6.75% | 02/07/2025 | $ 865 | $ 877,884 | ||
New Red Finance, Inc. (Canada)(j) | 5.75% | 04/15/2025 | 277 | 294,922 | ||
1,172,806 | ||||||
Health Care–0.10% | ||||||
IQVIA, Inc.(j) | 5.00% | 05/15/2027 | 436 | 455,797 | ||
Industrial Equipment–0.47% | ||||||
F-Brasile S.p.A./F-Brasile US LLC, Series XR (Italy)(j) | 7.38% | 08/15/2026 | 2,987 | 2,202,912 | ||
Leisure Goods, Activities & Movies–0.13% | ||||||
AMC Entertainment, Inc.(j) | 10.50% | 04/15/2025 | 415 | 367,275 | ||
Seaworld Parks & Entertainment, Inc.(j) | 8.75% | 05/01/2025 | 231 | 237,353 | ||
604,628 | ||||||
Lodging & Casinos–0.35% | ||||||
ESH Hospitality, Inc.(j) | 5.25% | 05/01/2025 | 755 | 736,204 | ||
ESH Hospitality, Inc.(j) | 4.63% | 10/01/2027 | 973 | 922,954 | ||
1,659,158 | ||||||
Oil & Gas–0.00% | ||||||
Pacific Drilling S.A. (Luxembourg)(j) | 8.38% | 10/01/2023 | 48 | 10,950 | ||
Publishing–0.55% | ||||||
Clear Channel Worldwide Holdings, Inc.(j) | 5.13% | 08/15/2027 | 2,569 | 2,574,947 | ||
Radio & Television–0.71% | ||||||
Diamond Sports Group LLC/Diamond Sports Finance Co.(j) | 5.38% | 08/15/2026 | 1,711 | 1,364,249 | ||
iHeartCommunications, Inc. | 8.38% | 05/01/2027 | 200 | 187,043 | ||
iHeartCommunications, Inc. | 6.38% | 05/01/2026 | 637 | 667,329 | ||
iHeartCommunications, Inc.(j) | 4.75% | 01/15/2028 | 194 | 186,588 | ||
iHeartCommunications, Inc.(j) | 5.25% | 08/15/2027 | 427 | 419,320 | ||
Nexstar Broadcasting, Inc.(j) | 5.63% | 07/15/2027 | 491 | 504,412 | ||
3,328,941 | ||||||
Telecommunications–0.41% | ||||||
CenturyLink, Inc.(j) | 4.00% | 02/15/2027 | 1,254 | 1,254,407 | ||
Goodman Networks, Inc. | 8.00% | 05/11/2022 | 1,869 | 673,055 | ||
Windstream Services LLC/Windstream Finance Corp.(i)(j) | 9.00% | 06/30/2025 | 18 | 1,080 | ||
1,928,542 | ||||||
Utilities–0.18% | ||||||
Calpine Corp.(j) | 4.50% | 02/15/2028 | 165 | 166,083 | ||
Calpine Corp.(j) | 5.25% | 06/01/2026 | 402 | 417,443 | ||
Vistra Operations Co. LLC(j) | 4.30% | 07/15/2029 | 105 | 108,706 | ||
Vistra Operations Co. LLC(j) | 3.55% | 07/15/2024 | 171 | 175,053 | ||
867,285 | ||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $56,616,312) | 52,081,231 | |||||
Shares | ||||||
Common Stocks & Other Equity Interests–5.61%(l) | ||||||
Aerospace & Defense–1.15% | ||||||
IAP Worldwide Services, Inc.(e)(m) | 342 | 5,424,632 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Shares | Value | ||||
Automotive–0.04% | |||||
ThermaSys Corp.(m) | 676,996 | $ 152,324 | |||
Transtar Holding Co., Class A(m) | 2,935,894 | 24,955 | |||
177,279 | |||||
Building & Development–0.11% | |||||
Five Point Holdings LLC, Class A(m) | 98,198 | 491,972 | |||
Lake at Las Vegas Joint Venture LLC, Class A(e)(m) | 780 | 0 | |||
Lake at Las Vegas Joint Venture LLC, Class B(e)(m) | 9 | 0 | |||
491,972 | |||||
Business Equipment & Services–0.05% | |||||
Checkout Holding Corp.(m) | 6,741 | 5,056 | |||
Crossmark Holdings, Inc.(m) | 4,048 | 237,841 | |||
Crossmark Holdings, Inc., Wts., expiring 07/26/2024(e)(m) | 744 | 0 | |||
242,897 | |||||
Conglomerates–0.00% | |||||
Euramax International, Inc.(e)(m) | 3,272 | 0 | |||
Drugs–0.02% | |||||
Envigo RMS Holding Corp., Class B(e)(m) | 18,639 | 106,615 | |||
Financial Intermediaries–0.08% | |||||
RJO Holdings Corp.(e)(m) | 2,851 | 208,164 | |||
RJO Holdings Corp., Class A(e)(m) | 2,314 | 168,911 | |||
RJO Holdings Corp., Class B(e)(m) | 3,000 | 30 | |||
377,105 | |||||
Health Care–0.00% | |||||
New Millennium Holdco(m) | 136,135 | 6,875 | |||
Lodging & Casinos–0.41% | |||||
Caesars Entertainment Corp.(m) | 35,315 | 402,238 | |||
Twin River Worldwide Holdings, Inc.(m) | 72,757 | 1,521,349 | |||
1,923,587 | |||||
Oil & Gas–0.30% | |||||
AF Global, Inc.(m) | 498 | 14,940 | |||
Fieldwood Energy LLC(m) | 18,762 | 1,876 | |||
Fieldwood Energy LLC(m) | 5,065 | 507 | |||
HGIM Corp.(m) | 2,553 | 20,424 | |||
HGIM Corp., Wts. expiring 07/02/2043(m) | 11,411 | 91,288 | |||
NexTier Oilfield Solutions, Inc.(m) | 44,006 | 127,617 | |||
Pacific Drilling S.A.(m) | 1 | 0 | |||
Paragon Offshore Finance Co., Class A(i)(m) | 2,645 | 794 | |||
Paragon Offshore Finance Co., Class B(i)(m) | 1,323 | 9,261 | |||
Samson Investment Co., Class A(m) | 84,254 | 547,651 | |||
Southcross Energy Partners L.P.(m) | 46,172 | 6,002 | |||
Transocean Ltd.(m) | 191,873 | 255,191 | |||
Tribune Resources, Inc.(m) | 382,888 | 335,027 | |||
Tribune Resources, Inc., Wts., expiring 04/03/2023(m) | 99,132 | 2,974 | |||
1,413,552 | |||||
Publishing–2.02% | |||||
Affiliated Media, Inc., Class B(e)(m) | 81,915 | 2,867,029 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Shares | Value | ||||
Publishing–(continued) | |||||
Clear Channel Worldwide Holdings, Inc.(m) | 264,909 | $ 255,849 | |||
F&W Publications, Inc.(e)(m) | 18,385 | 0 | |||
MC Communications LLC(e)(m) | 739,818 | 0 | |||
Merrill Communications LLC, Class A(e)(m) | 326,686 | 6,370,377 | |||
Tribune Publishing Co. | 4,756 | 45,182 | |||
9,538,437 | |||||
Radio & Television–0.20% | |||||
iHeartCommunications, Inc., Class A(m) | 19,360 | 168,432 | |||
iHeartCommunications, Inc., Class B(m) | 17 | 110 | |||
iHeartCommunications, Inc., Wts., expiring 05/01/2039(m) | 93,283 | 775,415 | |||
943,957 | |||||
Retailers (except Food & Drug)–0.16% | |||||
Claire’s Stores, Inc. | 446 | 161,675 | |||
Fullbeauty Brands Holdings Corp.(m) | 2,311 | 5,778 | |||
Payless, Inc.(e)(m) | 83,461 | 41,730 | |||
Payless, Inc., Class A(e)(m) | 82,769 | 828 | |||
Toys ’R’ Us-Delaware, Inc.(m) | 16 | 443 | |||
Toys ’R’ Us-Delaware, Inc.(m) | 17 | 46,010 | |||
Vivarte S.A.S.(e)(m) | 233,415 | 498,047 | |||
754,511 | |||||
Telecommunications–0.00% | |||||
Goodman Networks, Inc.(e)(m) | 117,618 | 0 | |||
IDW Media Holdings, Inc.(m) | 1,270 | 5,321 | |||
5,321 | |||||
Utilities–1.07% | |||||
Vistra Energy Corp. | 219,648 | 4,489,605 | |||
Vistra Operations Co. LLC(m) | 527,664 | 145,108 | |||
Vistra Operations Co. LLC, Rts. expiring 12/31/2046(m) | 357,798 | 384,633 | |||
5,019,346 | |||||
Total Common Stocks & Other Equity Interests (Cost $52,092,959) | 26,426,086 | ||||
Interest Rate | Maturity Date | Principal Amount (000)(a) | |||
Non-U.S. Dollar Denominated Bonds & Notes–1.30% | |||||
Automotive–0.12% | |||||
Tenneco, Inc. (3 mo. EURIBOR + 4.88%)(j)(k) | 4.88% | 04/15/2024 | EUR | 641 | 565,534 |
Building & Development–0.05% | |||||
Haya Finance 2017 S.A. (Spain) (3 mo. EURIBOR + 5.13%)(j)(k) | 5.13% | 11/15/2022 | EUR | 100 | 87,139 |
Haya Finance 2017 S.A. (Spain)(j) | 5.25% | 11/15/2022 | EUR | 198 | 173,084 |
260,223 | |||||
Cable & Satellite Television–0.30% | |||||
Altice Financing S.A. (Luxembourg)(j) | 3.00% | 01/15/2028 | EUR | 817 | 856,731 |
Altice Finco S.A. (Luxembourg)(j) | 4.75% | 01/15/2028 | EUR | 542 | 539,828 |
1,396,559 | |||||
Financial Intermediaries–0.41% | |||||
AnaCap Financial Europe S.A. SICAV-RAIF (United Kingdom) (3 mo. EURIBOR + 5.00%)(j)(k) | 5.00% | 08/01/2024 | EUR | 200 | 172,040 |
Cabot Financial Luxembourg II S.A. (Luxembourg) (3 mo. EURIBOR + 6.38%)(j)(k) | 6.38% | 06/14/2024 | EUR | 298 | 320,243 |
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 4.50%)(j)(k) | 4.50% | 09/01/2023 | EUR | 566 | 531,094 |
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) | ||||||
Newday Bondco PLC (United Kingdom)(j) | 7.38% | 02/01/2024 | GBP | 261 | $ 248,180 | |
Newday Bondco PLC (United Kingdom) (3 mo. GBP LIBOR + 6.50%)(j)(k) | 7.05% | 02/01/2023 | GBP | 691 | 645,969 | |
1,917,526 | ||||||
Home Furnishings–0.30% | ||||||
Shop Direct Funding PLC (United Kingdom)(j) | 7.75% | 11/15/2022 | GBP | 1,250 | 1,420,558 | |
Lodging & Casinos–0.12% | ||||||
TVL Finance PLC (United Kingdom) (3 mo. GBP LIBOR + 5.38%)(j)(k) | 6.04% | 07/15/2025 | GBP | 628 | 554,539 | |
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $7,340,640) | 6,114,939 | |||||
Asset-Backed Securities–1.10% | ||||||
Structured Products–1.10% | ||||||
Avoca CLO XVII DAC, Series 17A, Class E-R (United Kingdom) (3 mo. EURIBOR + 6.38%)(j)(k) | 6.38% | 10/15/2032 | EUR | 342 | 309,438 | |
Clontarf Park CLO DAC, Series 2017-1A, Class D (Ireland) (3 mo. EURIBOR + 5.10%)(j)(k) | 5.10% | 08/05/2030 | EUR | 136 | 124,768 | |
Diamond CLO Ltd., Series 2019-1A, Class C (Cayman Islands) (3 mo. USD LIBOR + 3.60%)(j)(k) | 4.59% | 04/25/2029 | $ 1,080 | 949,895 | ||
FS KKR Capital Corp., Series 2019-1A, Class A2 (3 mo. USD LIBOR + 2.50%)(j)(k) | 3.72% | 07/15/2030 | 1,150 | 1,060,284 | ||
NewStar Berkeley Fund CLO LLC, Series 2016-1A, Class DR (Cayman Islands) (3 mo. USD LIBOR + 4.75%)(j)(k) | 5.74% | 10/25/2028 | 1,220 | 1,220,006 | ||
OCP Euro CLO, Series 2017-2, Class E (Ireland) (3 mo. EURIBOR + 5.00%)(j)(k) | 5.00% | 01/15/2032 | EUR | 153 | 141,624 | |
Octagon Investment Partners XIX Ltd., Series 2014-1A, Class E (Cayman Islands) (3 mo. USD LIBOR + 4.85%)(j)(k) | 6.07% | 04/15/2026 | 1,741 | 1,366,277 | ||
Total Asset-Backed Securities (Cost $5,819,187) | 5,172,292 | |||||
Shares | ||||||
Preferred Stocks–0.15%(l) | ||||||
Automotive–0.02% | ||||||
ThermaSys Corp., Series A | 144,220 | 104,559 | ||||
Financial Intermediaries–0.05% | ||||||
RJO Holdings Corp., Series A-2(e) | 584 | 233,604 | ||||
Oil & Gas–0.07% | ||||||
Southcross Energy Partners L.P., Series A | 292,193 | 204,535 | ||||
Southcross Energy Partners L.P., Series B | 84,193 | 115,766 | ||||
320,301 | ||||||
Telecommunications–0.00% | ||||||
Goodman Networks, Inc., Series A-1(e) | 139,938 | 0 | ||||
Utilities–0.01% | ||||||
Genie Energy Ltd., Pfd. | 7,632 | 64,338 | ||||
Total Preferred Stocks (Cost $609,376) | 722,802 | |||||
TOTAL INVESTMENTS IN SECURITIES(n)–116.80% (Cost $636,309,755) | 550,551,277 | |||||
BORROWINGS–(17.50)% | (82,500,000) | |||||
OTHER ASSETS LESS LIABILITIES–0.70% | 3,313,558 | |||||
NET ASSETS–100.00% | $471,364,835 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Investment Abbreviations:
CLO | – Collateralized Loan Obligation |
DAC | – Designated Activity Co. |
DIP | – Debtor-in-Possession |
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 |
Rts. | – Rights |
USD | – U.S. Dollar |
Wts. | – Warrants |
Notes to Schedule of Investments:
(a) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(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 London Interbank Offered Rate (“LIBOR”), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. |
(d) | This variable rate interest will settle after May 31, 2020, at which time the interest rate will be determined. |
(e) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(f) | All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding. |
(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) | 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, 2020 was $531,116, which represented less than 1% of the Fund’s Net Assets. |
(i) | The borrower has filed for protection in federal bankruptcy court. |
(j) | 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, 2020 was $60,547,053, which represented 12.85% of the Fund’s Net Assets. |
(k) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2020. |
(l) | Acquired as part of a bankruptcy restructuring. |
(m) | Non-income producing security. |
(n) | Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Fund’s use of leverage. |
Open Forward Foreign Currency Contracts | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
Currency Risk | ||||||
06/15/2020 | Bank of America Merrill Lynch | GBP | 1,107,958 | USD | 1,396,581 | $28,188 |
06/15/2020 | Bank of America Merrill Lynch | USD | 12,771,611 | EUR | 11,828,093 | 361,577 |
06/15/2020 | Barclays Bank PLC | GBP | 1,107,958 | USD | 1,392,609 | 24,216 |
06/15/2020 | Barclays Bank PLC | USD | 2,141,065 | GBP | 1,749,129 | 19,212 |
06/15/2020 | Citibank, N.A. | USD | 11,109,380 | EUR | 10,285,986 | 311,548 |
06/15/2020 | Goldman Sachs International | GBP | 1,226,135 | USD | 1,541,192 | 26,843 |
06/15/2020 | Goldman Sachs International | USD | 80,810 | GBP | 65,464 | 42 |
06/15/2020 | J.P. Morgan Chase Bank, N.A. | GBP | 77,898 | USD | 96,885 | 675 |
06/15/2020 | Royal Bank of Canada | USD | 11,104,545 | EUR | 10,285,986 | 316,383 |
06/15/2020 | Royal Bank of Canada | USD | 2,140,843 | GBP | 1,749,163 | 19,476 |
Subtotal—Appreciation | 1,108,160 | |||||
Currency Risk | ||||||
06/15/2020 | Bank of America Merrill Lynch | EUR | 7,544,267 | USD | 8,288,509 | (88,182) |
07/15/2020 | Bank of America Merrill Lynch | EUR | 10,793,332 | USD | 11,657,446 | (334,323) |
07/15/2020 | Barclays Bank PLC | GBP | 1,684,341 | USD | 2,062,058 | (18,485) |
06/15/2020 | Citibank, N.A. | EUR | 7,468,825 | USD | 8,204,691 | (88,234) |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Open Forward Foreign Currency Contracts—(continued) | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
07/15/2020 | Citibank, N.A. | EUR | 11,309,448 | USD | 12,236,357 | $(328,836) |
07/15/2020 | Citibank, N.A. | GBP | 91,549 | USD | 112,803 | (281) |
06/15/2020 | Goldman Sachs International | EUR | 1,774,223 | USD | 1,933,285 | (36,703) |
06/15/2020 | Morgan Stanley Capital Services LLC | EUR | 396,122 | USD | 432,907 | (6,923) |
07/15/2020 | Morgan Stanley Capital Services LLC | GBP | 60,797 | USD | 74,334 | (764) |
06/15/2020 | Royal Bank of Canada | EUR | 7,634,640 | USD | 8,388,760 | (88,276) |
06/15/2020 | Royal Bank of Canada | GBP | 43,807 | USD | 53,890 | (214) |
07/15/2020 | Royal Bank of Canada | EUR | 10,793,361 | USD | 11,659,852 | (331,949) |
07/15/2020 | Royal Bank of Canada | GBP | 1,885,248 | USD | 2,307,356 | (21,351) |
07/15/2020 | State Street Bank & Trust Co. | GBP | 119,432 | USD | 146,091 | (1,434) |
06/15/2020 | Toronto Dominion Bank | EUR | 7,581,989 | USD | 8,314,985 | (103,590) |
Subtotal—Depreciation | (1,449,545) | |||||
Total Forward Foreign Currency Contracts | $(341,385) |
Abbreviations: | |
EUR | – Euro |
GBP | – British Pound Sterling |
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 Schedule of Portfolio Holdings
May 31, 2020
(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 or are unreliable. 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 the Fund’s own 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, 2020. 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 financial statements may materially differ from the value received upon actual sale of those investments.
The Fund’s policy is to recognize transfers in and out of the valuation levels as of the end of the reporting period. During the three months ended May 31, 2020, there were transfers from Level 3 to Level 2 of $5,720,856, due to third-party vendor quotations utilizing more than one market quote and from Level 2 to Level 3 of $23,476,983, due to third party vendor quotations utilizing single market quotes.
Level 1 | Level 2 | Level 3 | Total | |
Investments in Securities | ||||
Variable Rate Senior Loan Interests | $— | $414,380,018 | $45,653,909 | $460,033,927 |
U.S. Dollar Denominated Bonds & Notes | — | 50,960,150 | 1,121,081 | 52,081,231 |
Common Stocks & Other Equity Interests | 7,762,756 | 2,976,967 | 15,686,363 | 26,426,086 |
Non-U.S. Dollar Denominated Bonds & Notes | — | 6,114,939 | — | 6,114,939 |
Asset-Backed Securities | — | 5,172,292 | — | 5,172,292 |
Preferred Stocks | 64,338 | 424,860 | 233,604 | 722,802 |
Total Investments in Securities | 7,827,094 | 480,029,226 | 62,694,957 | 550,551,277 |
Other Investments - Assets* | ||||
Investments Matured | — | — | 623,367 | 623,367 |
Forward Foreign Currency Contracts | — | 1,108,160 | — | 1,108,160 |
— | 1,108,160 | 623,367 | 1,731,527 | |
Other Investments - Liabilities* | ||||
Forward Foreign Currency Contracts | — | (1,449,545) | — | (1,449,545) |
Total Other Investments | — | (341,385) | 623,367 | 281,982 |
Total Investments | $7,827,094 | $479,687,841 | $63,318,324 | $550,833,259 |
* | 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, 2020:
Value 02/29/20 | Value 02/29/20 | 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 05/31/20 |
Variable Rate Senior Loan Interests | $37,381,845 | $3,906,807 | $(4,565,244) | $34,039 | $(43,651) | $(2,444,809) | $17,105,778 | $(5,720,856) | $45,653,909 |
U.S. Dollar Denominated Bonds & Notes | 1,695,694 | – | – | – | – | (574,613) | – | – | 1,121,081 |
Common Stocks & Other Equity Interests | 8,142,105 | – | – | – | – | 1,173,053 | 6,371,205 | – | 15,686,363 |
Preferred Stocks | 233,604 | – | – | – | – | – | – | – | 233,604 |
Investments Matured | 593,174 | 59,864 | (46,684) | – | – | 17,013 | 0 | – | 623,367 |
Total | $48,046,422 | $3,966,671 | $(4,611,928) | $34,039 | $(43,651) | $(1,829,356) | $23,476,983 | $(5,720,856) | $63,318,324 |
Invesco Senior Loan Fund
Securities determined to be Level 3 at the end of the reporting period were valued primarily by utilizing quotes from a third-party vendor pricing service. A significant change in third-party pricing information could result in a significantly 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 05/31/20 | Valuation Technique | Unobservable Inputs | Range of Unobservable Inputs | Unobservable Input Used | ||
Merrill Communications LLC, Class A | $6,370,377 | Last Vendor Evaluation | Last Vendor Evaluation | N/A | $19.5/share | (a) |
(a) | The Fund values certain common equity securities at the last vendor price when initially dropped from coverage by a pricing vendor. The Adviser researches other approved pricing vendors and/or brokers for coverage, in addition to monitoring such investments for additional market information or the occurrence of a significant event which would warrant a re-evaluation of the security’s fair valuation. |
NOTE 2—Coronavirus (COVID-19) Pandemic
During the first quarter of 2020, the World Health Organization declared COVID-19 to be a public health emergency. COVID-19 has led to increased short-term market volatility and may have adverse long-term effects on U.S. and world economies and markets in general. COVID-19 may adversely impact the Fund’s ability to achieve its investment objective, as stated in the most recent shareholder report. Because of the uncertainties on valuation, the global economy and business operations, values reflected in the Schedule of Investments may materially differ from the value received upon actual sales of those investments.
The extent of the impact on the performance of the Fund and its investments will depend on future developments, including the duration and spread of the COVID-19 outbreak, related restrictions and advisories, and the effects on the financial markets and economy overall, all of which are highly uncertain and cannot be predicted.
Invesco Senior Loan Fund