Schedule of Investments
November 30, 2020
(Unaudited)
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Variable Rate Senior Loan Interests–101.34%(b)(c) | ||||||
Aerospace & Defense–4.92% | ||||||
Atlantic Aviation FBO, Inc., Term Loan (d)(e) | – | 12/06/2025 | $ 1,085 | $ 1,074,642 | ||
CEP IV Investment 16 S.a.r.l. (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 10/03/2024 | EUR | 105 | 109,284 | |
Dynasty Acquisition Co., Inc. | ||||||
Term Loan B-1 (1 mo. USD LIBOR + 3.50%) | 3.72% | 04/08/2026 | 1,950 | 1,823,480 | ||
Term Loan B-2 (1 mo. USD LIBOR + 3.50%) | 3.72% | 04/08/2026 | 1,048 | 979,501 | ||
Greenrock Finance, Inc., Term Loan B (3 mo. USD LIBOR + 3.50%) | 4.50% | 06/28/2024 | 1,625 | 1,567,688 | ||
IAP Worldwide Services, Inc. | ||||||
Revolver Loan(e) | 0.75% | 07/18/2021 | 195 | 194,652 | ||
Revolver Loan(e)(f) | 0.00% | 07/18/2021 | 1,752 | 1,751,870 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 6.50%)(e) | 8.00% | 07/18/2021 | 2,141 | 2,076,484 | ||
Maxar Technologies Ltd. (Canada), Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.90% | 10/04/2024 | 1,385 | 1,346,425 | ||
PAE Holdings Corp. | ||||||
Delayed Draw Term Loan (1 mo. USD LIBOR + 4.50%) | 5.25% | 10/04/2027 | 129 | 128,761 | ||
Term Loan (1 mo. USD LIBOR + 4.50%) | 5.25% | 10/13/2027 | 637 | 635,219 | ||
Peraton Corp., Term Loan (1 mo. USD LIBOR + 5.25%) | 6.25% | 04/29/2024 | 850 | 851,443 | ||
Perspecta, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.40% | 05/30/2025 | 548 | 545,455 | ||
Spirit Aerosystems, Inc., Term Loan B (1 mo. USD LIBOR + 5.25%) | 6.00% | 01/15/2025 | 1,026 | 1,038,608 | ||
TransDigm, Inc. | ||||||
Term Loan E (1 mo. USD LIBOR + 2.25%) | 2.40% | 05/30/2025 | 4,732 | 4,597,673 | ||
Term Loan F (1 mo. USD LIBOR + 2.25%) | 2.40% | 12/09/2025 | 3,876 | 3,766,098 | ||
Term Loan G (1 mo. USD LIBOR + 2.25%) | 2.40% | 08/22/2024 | 629 | 612,138 | ||
Vectra Co., First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 3.40% | 03/08/2025 | 217 | 212,827 | ||
23,312,248 | ||||||
Air Transport–2.68% | ||||||
American Airlines, Inc., Term Loan (1 mo. USD LIBOR + 1.75%) | 1.89% | 06/27/2025 | 31 | 23,064 | ||
Avolon TLB Borrower 1 (US) LLC | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 1.75%) | 2.50% | 01/15/2025 | 986 | 968,628 | ||
Term Loan B-4 (1 mo. USD LIBOR + 1.50%) | 2.25% | 02/10/2027 | 1,095 | 1,065,266 | ||
Term Loan B-5 (1 mo. USD LIBOR + 2.50%) | 3.25% | 12/01/2027 | 2,628 | 2,618,220 | ||
Delta Air Lines, Inc., Term Loan B (1 mo. USD LIBOR + 4.75%) | 5.75% | 05/01/2023 | 2,598 | 2,629,897 | ||
eTraveli Group Holding AB (Sweden), Term Loan B-1 (3 mo. EURIBOR + 4.50%) | 4.50% | 08/02/2024 | EUR | 411 | 438,075 | |
JetBlue Airways Corp., Term Loan B (1 mo. USD LIBOR + 5.25%) | 6.25% | 07/01/2024 | 773 | 787,761 | ||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Term Loan (3 mo. USD LIBOR + 5.25%) | 6.25% | 06/21/2027 | 1,714 | 1,771,157 | ||
SkyMiles IP Ltd., Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/01/2027 | 2,288 | 2,344,281 | ||
WestJet Airlines Ltd. (Canada), Term Loan B (2 mo. USD LIBOR + 3.00%) | 4.00% | 12/11/2026 | 51 | 48,242 | ||
12,694,591 | ||||||
Automotive–5.29% | ||||||
American Axle & Manufacturing, Inc., Term Loan B (d) | – | 04/06/2024 | 884 | 869,652 | ||
Autokiniton US Holdings, Inc., Term Loan B (3 mo. USD LIBOR + 5.75%)(e) | 5.89% | 05/22/2025 | 1,278 | 1,271,817 | ||
Belron Finance US LLC, Incremental Term Loan (1 mo. USD LIBOR + 2.50%) | 2.46% | 10/30/2026 | 107 | 104,615 | ||
Ford Motor Co., Delayed Draw Term Loan (3 mo. USD LIBOR + 1.25%)(e) | 1.48% | 12/31/2022 | 2,691 | 2,570,298 | ||
Garrett Borrowing LLC | ||||||
DIP Term Loan(e)(g) | 5.50% | 03/31/2021 | 1,377 | 1,383,363 | ||
Term Loan A(g) | 2.75% | 09/27/2023 | EUR | 675 | 778,760 | |
Term Loan B(g) | 3.75% | 09/27/2025 | EUR | 101 | 117,453 | |
Term Loan B(g) | 5.75% | 09/27/2025 | 1,125 | 1,103,413 |
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) | ||||||
Goodyear Tire & Rubber Co. (The), Second Lien Term Loan(d) | – | 03/03/2025 | $ 365 | $ 358,908 | ||
Highline Aftermarket Acquisition LLC | ||||||
Delayed Draw Term Loan (1 mo. USD LIBOR + 4.50%)(e) | 5.25% | 10/28/2027 | 669 | 668,030 | ||
Term Loan (1 mo. USD LIBOR + 4.50%) | 5.25% | 10/28/2027 | 736 | 732,074 | ||
IAA Spinco, Inc., Term Loan (3 mo. USD LIBOR + 2.25%) | 2.44% | 06/28/2026 | 751 | 745,380 | ||
Les Schwab Tire Centers, Term Loan (1 mo. USD LIBOR + 3.50%)(e) | 4.25% | 10/26/2027 | 1,949 | 1,934,180 | ||
Mavis Tire Express Services Corp. | ||||||
Term Loan (1 mo. USD LIBOR + 3.25%) | 3.47% | 03/20/2025 | 893 | 871,570 | ||
Term Loan (1 mo. USD LIBOR + 4.25%) | 5.00% | 03/20/2025 | 702 | 697,550 | ||
Navistar, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 3.65% | 11/06/2024 | 42 | 42,313 | ||
Panther BF Aggregator 2 L.P. (Canada), Term Loan (1 mo. USD LIBOR + 3.50%) | 3.65% | 04/30/2026 | 1,207 | 1,197,394 | ||
Project Boost Purchaser LLC, Term Loan C (1 mo. USD LIBOR + 4.25%) | 5.00% | 06/01/2026 | 253 | 252,079 | ||
Superior Industries International, Inc., Term Loan (1 mo. USD LIBOR + 4.00%) | 4.15% | 05/22/2024 | 925 | 907,882 | ||
Tenneco, Inc., Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.15% | 10/01/2025 | 2,605 | 2,516,255 | ||
ThermaSys Corp. | ||||||
PIK Term Loan, 12.00% PIK Rate(e)(h) | 12.00% | 10/02/2023 | 126 | 109,712 | ||
Term Loan(d)(e) | – | 01/01/2024 | 690 | 503,483 | ||
TI Group Automotive Systems LLC | ||||||
Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.50% | 12/31/2024 | 263 | 262,029 | ||
Term Loan B (3 mo. EURIBOR + 3.75%) | 4.50% | 12/31/2024 | EUR | 41 | 49,637 | |
Transtar Holding Co. | ||||||
Delayed Draw Term Loan(e)(f) | 0.00% | 04/11/2022 | 170 | 170,809 | ||
First Lien Term Loan (2 mo. USD LIBOR + 4.25%)(e) | 5.50% | 04/11/2022 | 2,134 | 2,101,742 | ||
PIK Term Loan, 7.75% PIK Rate, 1.00% Cash Rate(e)(h) | 7.75% | 04/11/2022 | 814 | 817,825 | ||
Visteon Corp., Term Loan(d) | – | 03/25/2024 | 85 | 84,653 | ||
Wand NewCo 3, Inc., Term Loan B-1 (1 mo. USD LIBOR + 3.00%) | 3.15% | 02/05/2026 | 598 | 582,906 | ||
Winter Park Intermediate, Inc. | ||||||
Term Loan (1 mo. USD LIBOR + 4.75%) | 5.45% | 04/04/2025 | 733 | 723,060 | ||
Term Loan B (1 mo. USD LIBOR + 5.25%) | 6.25% | 11/06/2027 | 572 | 564,357 | ||
25,093,199 | ||||||
Beverage & Tobacco–0.75% | ||||||
AI Aqua Merger Sub, Inc. | ||||||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 12/13/2023 | 1,089 | 1,071,519 | ||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.25%)(e) | 5.25% | 12/13/2023 | 201 | 197,309 | ||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 4.25%)(e) | 5.25% | 12/13/2023 | 133 | 132,200 | ||
First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.25%) | 4.25% | 12/13/2023 | 1,489 | 1,462,419 | ||
Arctic Glacier U.S.A., Inc., Term Loan (1 mo. USD LIBOR + 3.50%) | 4.50% | 03/20/2024 | 292 | 253,551 | ||
Arterra Wines Canada, Inc. (Canada), Term Loan B-1 (1 mo. USD LIBOR + 3.50%) | 4.25% | 11/19/2027 | 418 | 418,428 | ||
3,535,426 | ||||||
Building & Development–2.73% | ||||||
ACProducts, Inc., Term Loan B (1 mo. USD LIBOR + 6.50%) | 7.50% | 08/18/2025 | 832 | 851,962 | ||
Advanced Drainage Systems, Inc., Term Loan (3 mo. USD LIBOR + 2.25%) | 2.44% | 09/30/2026 | 456 | 455,377 | ||
American Builders & Contractors Supply Co., Inc., Term Loan (1 mo. USD LIBOR + 2.00%) | 2.15% | 01/15/2027 | 1,627 | 1,598,411 | ||
American Residential Services LLC, Term Loan (1 mo. USD LIBOR + 3.50%) | 4.25% | 10/07/2027 | 305 | 303,415 | ||
Apcoa Parking Holdings GmbH (Germany) | ||||||
Term Loan B (3 mo. EURIBOR + 3.25%) | 3.75% | 03/20/2024 | EUR | 943 | 1,089,427 | |
Term Loan B-2 (3 mo. EURIBOR + 7.25%) | 7.25% | 03/20/2024 | EUR | 125 | 149,524 | |
Brookfield Retail Holdings VII Sub 3 LLC | ||||||
Term Loan A-2 (3 mo. USD LIBOR + 3.00%) | 3.15% | 05/31/2023 | 21 | 19,483 | ||
Term Loan B (3 mo. USD LIBOR + 2.50%) | 2.65% | 08/27/2025 | 453 | 419,334 | ||
Financiere Persea (Proxiserve) (France), Term Loan B (6 mo. EURIBOR + 3.75%) | 3.75% | 03/26/2026 | EUR | 170 | 203,250 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Building & Development–(continued) | ||||||
Foncia Groupe SAS (France), Term Loan B-3 (3 mo. EURIBOR + 3.00%) | 3.25% | 09/07/2023 | EUR | 377 | $ 446,635 | |
LSF10 Wolverine Investments S.C.A. (Luxembourg), Term Loan C-2(d) | – | 09/30/2026 | EUR | 409 | 485,749 | |
Neptune Bidco S.a r.l. (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 02/03/2027 | EUR | 356 | 420,335 | |
Quikrete Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 2.50%) | 2.66% | 11/15/2023 | $ 855 | 844,459 | ||
Quimper AB (Sweden), Second Lien Term Loan (6 mo. EURIBOR + 8.25%) | 8.25% | 02/13/2027 | EUR | 309 | 368,055 | |
Re/Max LLC, Term Loan (1 mo. USD LIBOR + 2.75%) | 3.50% | 12/15/2023 | 2,274 | 2,274,059 | ||
Realogy Group LLC, Term Loan (1 mo. USD LIBOR + 2.25%) | 3.00% | 02/08/2025 | 36 | 34,969 | ||
Werner FinCo L.P., Term Loan (3 mo. USD LIBOR + 4.00%) | 5.00% | 07/24/2024 | 927 | 928,339 | ||
White Cap Buyer LLC, Term Loan (1 mo. USD LIBOR + 4.00%) | 4.50% | 10/31/2027 | 2,062 | 2,047,496 | ||
12,940,279 | ||||||
Business Equipment & Services–11.30% | ||||||
Adevinta ASA (France), Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.75% | 10/22/2027 | 498 | 499,214 | ||
Alorica, Inc. | ||||||
Delayed Draw Term Loan(d) | – | 10/02/2020 | 201 | 201,407 | ||
Delayed Draw Term Loan(f) | 0.00% | 10/02/2020 | 447 | 447,061 | ||
PIK Term Loan B, 1.13% PIK Rate, 6.50% Cash Rate(h) | 1.13% | 06/30/2022 | 467 | 448,598 | ||
Term Loan B (3 mo. PRIME + 3.25%) | 6.50% | 10/02/2020 | 648 | 646,039 | ||
Blackhawk Network Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 7.19% | 06/15/2026 | 236 | 215,033 | ||
Blucora, Inc., Term Loan (2 mo. USD LIBOR + 3.00%) | 5.00% | 05/22/2024 | 928 | 918,419 | ||
Camelot Finance L.P. | ||||||
Incremental Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.00% | 10/30/2026 | 1,411 | 1,407,788 | ||
Term Loan (1 mo. USD LIBOR + 3.25%) | 3.15% | 10/30/2026 | 1,540 | 1,524,554 | ||
Cast & Crew Payroll LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 3.90% | 02/09/2026 | 432 | 420,244 | ||
Checkout Holding Corp. | ||||||
PIK Term Loan, 9.50% PIK Rate, 2.00% Cash Rate(h) | 9.50% | 08/15/2023 | 490 | 88,205 | ||
Term Loan (1 mo. USD LIBOR + 7.50%) | 8.50% | 02/15/2023 | 354 | 248,114 | ||
CRCI Longhorn Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 7.39% | 08/08/2026 | 72 | 66,461 | ||
Crossmark Holdings, Inc., Term Loan (3 mo. USD LIBOR + 10.00%) | 11.00% | 07/26/2023 | 346 | 339,297 | ||
Dakota Holding Corp. | ||||||
First Lien Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.75% | 04/09/2027 | 2,413 | 2,410,845 | ||
Second Lien Term Loan B (1 mo. USD LIBOR + 8.00%)(e) | 9.00% | 03/06/2028 | 677 | 687,660 | ||
Term Loan (3 mo. EURIBOR + 4.00%) | 4.00% | 03/05/2027 | EUR | 505 | 601,981 | |
Dun & Bradstreet Corp. (The), Incremental Term Loan (1 mo. USD LIBOR + 3.75%) | 3.90% | 02/06/2026 | 427 | 424,647 | ||
FleetCor Technologies Operating Co. LLC, Term Loan B-3 (1 mo. USD LIBOR + 2.00%) | 1.90% | 08/02/2024 | 360 | 355,591 | ||
Garda World Security Corp. (Canada), Term Loan (3 mo. USD LIBOR + 4.75%) | 4.91% | 10/30/2026 | 765 | 765,184 | ||
Genesys Telecom Holdings, U.S., Inc., Term Loan (1 mo. USD LIBOR + 4.00%) | 4.75% | 10/08/2027 | 1,495 | 1,491,939 | ||
GI Revelation Acquisition LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 5.00%) | 5.15% | 04/16/2025 | 791 | 779,450 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 9.00%)(e) | 9.15% | 04/16/2026 | 375 | 367,460 | ||
GlobalLogic Holdings, Inc., Term Loan B-2(d)(e) | – | 08/13/2027 | 687 | 688,329 | ||
I-Logic Technologies Bidco Ltd. (United Kingdom), Term Loan (3 mo. USD LIBOR + 3.00%) | 3.75% | 12/21/2024 | 129 | 128,141 | ||
INDIGOCYAN Midco Ltd. (Jersey), Term Loan B (3 mo. GBP LIBOR + 5.00%) | 4.81% | 06/23/2024 | GBP | 679 | 795,260 | |
Inmar, Inc., First Lien Term Loan(d) | – | 05/01/2024 | 244 | 236,371 | ||
Institutional Shareholder Services, Inc. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.50%) | 4.72% | 03/05/2026 | 1,021 | 1,016,478 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%)(e) | 8.72% | 03/05/2027 | 701 | 634,401 | ||
ION Trading Technologies S.a.r.l. (Luxembourg), Term Loan (6 mo. USD LIBOR + 4.00%) | 5.00% | 11/21/2024 | 328 | 324,254 | ||
KAR Auction Services, Inc., Term Loan B-6 (3 mo. USD LIBOR + 2.50%) | 2.44% | 09/15/2026 | 1,223 | 1,197,284 | ||
Karman Buyer Corp. | ||||||
First Lien Term Loan | 4.25% | 07/23/2021 | 175 | 174,925 | ||
Term Loan B (1 mo. USD LIBOR + 5.25%) | 6.00% | 10/31/2027 | 1,268 | 1,259,116 |
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) | ||||||
KBR, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.90% | 02/05/2027 | $ 317 | $ 315,498 | ||
Monitronics International, Inc. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 6.50%) | 7.75% | 03/29/2024 | 4,347 | 3,877,191 | ||
Term Loan (1 mo. USD LIBOR + 5.00%) | 6.50% | 08/30/2024 | 3,005 | 2,977,699 | ||
NAS LLC | ||||||
Revolver Loan(e)(f) | 0.00% | 06/01/2024 | 514 | 505,893 | ||
Term Loan(e) | 7.50% | 06/01/2024 | 5,081 | 5,004,723 | ||
Outfront Media Capital LLC, Term Loan (1 mo. USD LIBOR + 1.75%) | 1.90% | 11/18/2026 | 1,656 | 1,605,957 | ||
Prime Security Services Borrower LLC, Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 4.25% | 09/23/2026 | 3,989 | 3,973,013 | ||
Prometric Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 01/29/2025 | 194 | 186,022 | ||
Red Ventures LLC (New Imagitas, Inc.), Term Loan B-3 (1 mo. USD LIBOR + 3.50%) | 4.25% | 11/08/2024 | 886 | 879,346 | ||
Refinitiv US Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.40% | 10/01/2025 | 283 | 281,444 | ||
Speedster Bidco GmbH (Germany), Term Loan B (3 mo. EURIBOR + 3.25%) | 3.25% | 02/14/2027 | EUR | 790 | 934,428 | |
Spin Holdco, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.25%) | 4.25% | 11/14/2022 | 4,030 | 3,981,812 | ||
Sportradar Capital (Luxembourg), Term Loan (3 mo. EURIBOR + 4.25%) | 4.25% | 10/27/2027 | EUR | 233 | 278,855 | |
Tech Data Corp., Term Loan (1 mo. USD LIBOR + 3.50%) | 3.65% | 06/30/2025 | 1,792 | 1,796,292 | ||
UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 6.00%)(e) | 5.98% | 03/20/2027 | 541 | 535,209 | ||
Ventia Deco LLC, Term Loan B (3 mo. USD LIBOR + 4.00%) | 5.00% | 05/21/2026 | 1,998 | 1,972,792 | ||
Verra Mobility Corp., Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 3.40% | 02/28/2025 | 826 | 814,605 | ||
Wash MultiFamily Acquisition, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 05/16/2022 | 964 | 953,079 | ||
First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 05/16/2022 | 133 | 131,581 | ||
West Corp. | ||||||
Incremental Term Loan B-1 (1 mo. USD LIBOR + 3.50%) | 4.50% | 10/10/2024 | 111 | 105,759 | ||
Term Loan B (3 mo. USD LIBOR + 4.00%) | 5.00% | 10/10/2024 | 724 | 692,145 | ||
53,613,093 | ||||||
Cable & Satellite Television–3.73% | ||||||
Altice Financing S.A. (Luxembourg) | ||||||
Term Loan (1 mo. USD LIBOR + 2.75%) | 2.89% | 07/15/2025 | 444 | 428,420 | ||
Term Loan (1 mo. USD LIBOR + 2.75%) | 2.90% | 01/31/2026 | 168 | 162,021 | ||
Atlantic Broadband Finance LLC, Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.15% | 01/03/2025 | 1,845 | 1,820,475 | ||
Charter Communications Operating LLC, Term Loan B-1 (1 mo. USD LIBOR + 1.75%) (Acquired 11/23/2020; Cost $11,109)(i) | 1.90% | 04/30/2025 | 11 | 11,131 | ||
CSC Holdings LLC | ||||||
Incremental Term Loan (1 mo. USD LIBOR + 2.25%) | 2.39% | 01/15/2026 | 337 | 329,476 | ||
Term Loan (1 mo. USD LIBOR + 2.25%) | 2.39% | 07/17/2025 | 888 | 868,738 | ||
Term Loan (1 mo. USD LIBOR + 2.50%) | 2.64% | 04/15/2027 | 233 | 228,688 | ||
ION Media Networks, Inc., Term Loan B-4 (1 mo. USD LIBOR + 3.00%) | 3.19% | 12/18/2024 | 843 | 839,671 | ||
Numericable-SFR S.A. (France), Incremental Term Loan B-13 (1 mo. USD LIBOR + 4.00%) | 4.24% | 08/14/2026 | 384 | 380,070 | ||
Telenet Financing USD LLC, Term Loan AR (1 mo. USD LIBOR + 2.00%) | 2.14% | 04/15/2028 | 1,067 | 1,048,601 | ||
UPC Financing Partnership | ||||||
Term Loan AT (1 mo. USD LIBOR + 2.25%) | 2.39% | 04/30/2028 | 255 | 250,289 | ||
Term Loan B-1(d) | – | 01/31/2029 | 1,610 | 1,597,411 | ||
Term Loan B-2(d) | – | 01/31/2029 | 1,610 | 1,597,411 | ||
Virgin Media Bristol LLC (United Kingdom) | ||||||
Term Loan | 3.25% | 01/15/2029 | EUR | 228 | 273,765 | |
Term Loan | 3.25% | 01/15/2029 | 1,999 | 1,988,256 | ||
Term Loan N (1 mo. USD LIBOR + 2.50%) | 2.64% | 01/31/2028 | 4,611 | 4,531,908 | ||
Ziggo Secured Finance Partnership, Term Loan I (1 mo. USD LIBOR + 2.50%) | 2.64% | 04/15/2028 | 1,337 | 1,310,713 | ||
17,667,044 |
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–3.69% | ||||||
Aruba Investments, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 4.75% | 11/24/2027 | $ 614 | $ 612,534 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 8.50% | 11/24/2028 | 814 | 817,197 | ||
Ascend Performance Materials Operations LLC, Term Loan B (3 mo. USD LIBOR + 5.25%) | 6.25% | 08/27/2026 | 2,418 | 2,425,096 | ||
BASF Construction Chemicals (Germany) | ||||||
Term Loan (3 mo. EURIBOR + 4.50%) | 4.50% | 08/07/2027 | EUR | 166 | 198,462 | |
Term Loan B-1(d) | – | 07/30/2027 | EUR | 176 | 210,203 | |
Charter NEX US, Inc. | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 3.50%) | 5.50% | 05/16/2024 | 322 | 321,382 | ||
First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 5.00% | 05/16/2024 | 78 | 77,883 | ||
Colouroz Investment LLC (Germany) | ||||||
First Lien PIK Term Loan B-2, 0.75% PIK Rate, 5.25% Cash Rate(h) | 0.75% | 09/21/2023 | 1,088 | 1,013,323 | ||
First Lien PIK Term Loan B-4, 0.75% PIK Rate, 5.00% Cash Rate(h) | 0.75% | 09/06/2021 | EUR | 7 | 8,278 | |
First Lien PIK Term Loan B-5, 0.75% PIK Rate, 5.00% Cash Rate(h) | 0.75% | 09/07/2021 | EUR | 9 | 10,325 | |
First Lien PIK Term Loan C, 0.75% PIK Rate, 5.25% Cash Rate(h) | 0.75% | 09/21/2023 | 171 | 158,810 | ||
First Lien PIK Term Loan, 0.75% PIK Rate, 5.00% Cash Rate(h) | 0.75% | 09/21/2023 | EUR | 222 | 247,491 | |
Emerald Performance Materials LLC, Term Loan B (1 mo. USD LIBOR + 4.00%) | 5.00% | 08/11/2025 | 245 | 244,860 | ||
Gemini HDPE LLC, Term Loan (3 mo. USD LIBOR + 2.50%) | 2.72% | 08/07/2024 | 234 | 230,317 | ||
H.B. Fuller Co., Term Loan (1 mo. USD LIBOR + 2.00%) | 2.15% | 10/20/2024 | 37 | 36,331 | ||
Hexion International Holdings B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 06/26/2026 | EUR | 245 | 292,612 | |
Invictus US NewCo LLC | ||||||
First Lien Term Loan (2 mo. USD LIBOR + 3.00%) | 3.15% | 03/28/2025 | 889 | 864,901 | ||
Second Lien Term Loan (2 mo. USD LIBOR + 6.75%) | 6.90% | 03/30/2026 | 379 | 356,650 | ||
Kersia (France), Delayed Draw Term Loan B(f) | 0.00% | 11/30/2027 | EUR | 31 | 37,447 | |
KPEX Holdings, Inc. | ||||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 8.00% | 01/31/2026 | 149 | 125,509 | ||
Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 01/31/2025 | 340 | 317,557 | ||
Lummus Technology, Term Loan (1 mo. USD LIBOR + 4.00%) | 4.15% | 06/30/2027 | 707 | 707,055 | ||
Messer Industries USA, Inc., Term Loan B-1 (3 mo. USD LIBOR + 2.50%) | 2.72% | 03/02/2026 | 2,358 | 2,328,155 | ||
Natgasoline LLC, Term Loan (3 mo. USD LIBOR + 3.50%)(e) | 3.75% | 11/14/2025 | 509 | 492,539 | ||
Oxea Corp. | ||||||
Term Loan B-1 (3 mo. EURIBOR + 3.75%) | 3.75% | 10/11/2024 | EUR | 506 | 591,077 | |
Term Loan B-2 (1 mo. USD LIBOR + 3.50%) | 3.75% | 10/14/2024 | 1,243 | 1,196,804 | ||
Perstorp Holding AB (Sweden) | ||||||
Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 02/26/2026 | EUR | 147 | 164,962 | |
Term Loan B (1 mo. USD LIBOR + 4.75%) | 5.02% | 02/27/2026 | 406 | 365,613 | ||
Potters Industries LLC, Term Loan B (1 mo. USD LIBOR + 4.00%)(e) | 4.75% | 11/19/2027 | 433 | 431,826 | ||
PQ Corp. | ||||||
Term Loan B(d) | – | 02/07/2027 | 1,035 | 1,035,152 | ||
Term Loan B-1 (3 mo. USD LIBOR + 2.50%) | 2.46% | 02/07/2027 | 222 | 217,548 | ||
Starfruit US Holdco LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 3.14% | 10/01/2025 | 1,178 | 1,159,277 | ||
Univar, Inc., Term Loan B-5 (1 mo. USD LIBOR + 2.00%) | 2.15% | 07/01/2026 | 218 | 214,256 | ||
17,511,432 | ||||||
Clothing & Textiles–0.90% | ||||||
ABG Intermediate Holdings 2 LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 4.50% | 09/27/2024 | 98 | 97,214 | ||
Incremental Term Loan (1 mo. USD LIBOR + 5.25%) | 6.25% | 09/29/2024 | 146 | 146,057 | ||
International Textile Group, Inc., First Lien Term Loan (1 mo. USD LIBOR + 5.00%) | 5.37% | 05/01/2024 | 222 | 194,151 | ||
Kontoor Brands, Inc., Term Loan B (3 mo. USD LIBOR + 4.25%)(e) | 4.40% | 05/17/2026 | 354 | 352,691 | ||
Mascot Bidco Oy (Finland) | ||||||
Term Loan B (6 mo. EURIBOR + 4.50%) | 4.50% | 03/30/2026 | EUR | 724 | 822,984 | |
Term Loan B-2(d) | – | 03/30/2026 | EUR | 219 | 257,877 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Clothing & Textiles–(continued) | ||||||
Tumi, Inc. | ||||||
Incremental Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.50% | 04/25/2025 | $ 2,417 | $ 2,371,391 | ||
Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.90% | 04/25/2025 | 28 | 26,436 | ||
4,268,801 | ||||||
Conglomerates–0.35% | ||||||
APi Group DE, Inc., Incremental Term Loan (1 mo. USD LIBOR + 2.75%) | 2.90% | 10/01/2026 | 397 | 394,316 | ||
Safe Fleet Holdings LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 02/03/2025 | 895 | 853,576 | ||
First Lien Term Loan B-1 (1 mo. USD LIBOR + 3.75%) | 4.75% | 02/03/2025 | 259 | 246,524 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.75% | 02/02/2026 | 193 | 168,122 | ||
1,662,538 | ||||||
Containers & Glass Products–3.57% | ||||||
Berlin Packaging LLC | ||||||
Term Loan | 3.23% | 11/07/2025 | 83 | 80,695 | ||
Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | 3.23% | 11/07/2025 | 647 | 632,173 | ||
Berry Global, Inc. | ||||||
Term Loan W (3 mo. USD LIBOR + 2.00%) | 2.13% | 10/01/2022 | 195 | 194,828 | ||
Term Loan Y (1 mo. USD LIBOR + 2.00%) | 2.13% | 07/01/2026 | 4,395 | 4,325,869 | ||
BWAY Holding Co., Term Loan (3 mo. USD LIBOR + 3.25%) | 3.48% | 04/03/2024 | 180 | 172,326 | ||
Consolidated Container Co. LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 3.15% | 06/14/2026 | 560 | 553,835 | ||
Duran Group (Germany), Term Loan B-2 (3 mo. USD LIBOR + 4.25%)(e) | 5.00% | 03/21/2024 | 2,475 | 2,251,827 | ||
Flex Acquisition Co., Inc. | ||||||
Incremental Term Loan B (3 mo. USD LIBOR + 3.25%) | 3.23% | 06/29/2025 | 990 | 968,099 | ||
Term Loan (3 mo. USD LIBOR + 3.25%) | 4.00% | 12/29/2023 | 20 | 19,766 | ||
Fort Dearborn Holding Co., Inc. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 5.00% | 10/19/2023 | 517 | 508,648 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 9.50% | 10/21/2024 | 166 | 164,548 | ||
Graham Packaging Co., Inc., Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 07/29/2027 | 367 | 366,765 | ||
Hoffmaster Group, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 4.00%) | 5.00% | 11/21/2023 | 1,994 | 1,724,897 | ||
Keter Group B.V. (Netherlands) | ||||||
Term Loan B-1 (3 mo. EURIBOR + 4.25%) | 5.25% | 10/31/2023 | EUR | 1,131 | 1,324,205 | |
Term Loan B-3 (3 mo. EURIBOR + 4.25%) | 5.25% | 10/31/2023 | EUR | 732 | 856,948 | |
Klockner Pentaplast of America, Inc. | ||||||
Term Loan (3 mo. EURIBOR + 4.75%) | 4.75% | 06/30/2022 | EUR | 583 | 689,065 | |
Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 06/30/2022 | 45 | 44,629 | ||
Libbey Glass, Inc. | ||||||
Term Loan (1 mo. USD LIBOR + 3.00%) | 5.75% | 04/09/2021 | 329 | 54,880 | ||
Term Loan (1 mo. USD LIBOR + 8.00%) | 9.00% | 11/12/2025 | 697 | 693,927 | ||
Pretium PKG Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 10/14/2027 | 479 | 474,995 | ||
Refresco Group N.V. (Netherlands), Term Loan B-1 (3 mo. EURIBOR + 3.25%) | 3.25% | 03/28/2025 | EUR | 145 | 172,647 | |
Reynolds Group Holdings, Inc., Term Loan B-2 (1 mo. USD LIBOR + 3.25%) | 3.40% | 02/16/2026 | 482 | 474,711 | ||
Trident TPI Holdings, Inc., Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 4.00% | 10/17/2024 | 195 | 191,877 | ||
16,942,160 | ||||||
Cosmetics & Toiletries–0.97% | ||||||
Alphabet Holding Co., Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 7.90% | 09/26/2025 | 812 | 795,974 | ||
Anastasia Parent LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 3.97% | 08/11/2025 | 467 | 231,755 | ||
Coty, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.38% | 04/05/2025 | 2,949 | 2,789,137 | ||
KDC/One (Canada), Term Loan(d) | – | 12/22/2025 | EUR | 54 | 63,916 | |
Parfums Holding Co., Inc., First Lien Term Loan(d) | – | 06/30/2024 | 343 | 337,629 | ||
Rodenstock GmbH (Germany), Term Loan B (3 mo. EURIBOR + 5.25%)(e) | 5.25% | 06/05/2026 | EUR | 311 | 368,711 | |
4,587,122 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Drugs–0.63% | ||||||
Catalent Pharma Solutions, Inc., Term Loan B-2 (1 mo. USD LIBOR + 2.25%) | 3.25% | 05/17/2026 | $ 32 | $ 31,855 | ||
Endo LLC, Term Loan (3 mo. USD LIBOR + 4.25%) | 5.00% | 04/29/2024 | 1,282 | 1,248,619 | ||
Grifols Worldwide Operations USA, Inc., Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.10% | 11/15/2027 | 17 | 16,498 | ||
Valeant Pharmaceuticals International, Inc. (Canada) | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 2.75%) | 2.89% | 11/27/2025 | 1,206 | 1,190,531 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 3.14% | 06/02/2025 | 492 | 487,097 | ||
2,974,600 | ||||||
Ecological Services & Equipment–0.64% | ||||||
EnergySolutions LLC, Term Loan (3 mo. USD LIBOR + 3.75%) | 4.75% | 05/11/2025 | 691 | 679,977 | ||
GFL Environmental, Inc. (Canada), Incremental Term Loan (3 mo. USD LIBOR + 3.00%) | 4.00% | 05/30/2025 | 803 | 802,523 | ||
Patriot Container Corp. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 4.50% | 03/20/2025 | 165 | 161,561 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 8.75% | 03/20/2026 | 105 | 95,565 | ||
TruGreen L.P., Second Lien Term Loan (1 mo. USD LIBOR + 7.50%)(e) | 9.25% | 10/29/2028 | 729 | 728,553 | ||
Tunnel Hill Partners L.P., Term Loan (1 mo. USD LIBOR + 3.50%) | 3.65% | 02/06/2026 | 618 | 561,968 | ||
3,030,147 | ||||||
Electronics & Electrical–10.27% | ||||||
Applied Systems, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.00%) | 8.00% | 09/19/2025 | 58 | 58,303 | ||
AQA Acquisition Holding, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 4.75% | 12/01/2027 | 512 | 510,456 | ||
Barracuda Networks, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 6.75%)(e) | 7.50% | 10/22/2028 | 111 | 112,544 | ||
Brave Parent Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 4.15% | 04/18/2025 | 351 | 346,857 | ||
Cambium Learning Group, Inc., Incremental Term Loan (1 mo. USD LIBOR + 4.50%) | 4.72% | 12/18/2025 | 595 | 585,437 | ||
CommScope, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.40% | 04/06/2026 | 516 | 508,509 | ||
Dedalus Finance GmbH (Germany) | ||||||
Term Loan B(d) | – | 07/16/2027 | EUR | 369 | 442,614 | |
Term Loan B (3 mo. EURIBOR + 4.50%) | 4.50% | 07/16/2027 | EUR | 249 | 297,927 | |
Delta Topco, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 10/15/2027 | 2,610 | 2,589,634 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 8.00% | 10/07/2028 | 358 | 361,120 | ||
Devoteam (Castillon SAS - Bidco) (France), Term Loan B (3 mo. EURIBOR + 4.50%) | 4.50% | 10/09/2027 | EUR | 221 | 262,709 | |
Diebold Nixdorf, Inc. | ||||||
Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.94% | 11/06/2023 | 1,240 | 1,192,467 | ||
Term Loan B (1 mo. EURIBOR + 3.00%) | 3.00% | 11/06/2023 | EUR | 615 | 702,965 | |
E2open LLC, Term Loan (1 mo. USD LIBOR + 3.50%) | 4.00% | 10/29/2027 | 723 | 718,711 | ||
ETA Australia Holdings III Pty. Ltd. (Australia), First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 4.15% | 05/06/2026 | 912 | 893,918 | ||
Exact Holding N.V., Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 09/17/2027 | 198 | 197,101 | ||
Finastra USA, Inc. (United Kingdom), First Lien Term Loan (3 mo. USD LIBOR + 3.50%) | 4.50% | 06/13/2024 | 479 | 464,888 | ||
Go Daddy Operating Co. LLC, Term Loan B(d) | – | 08/12/2027 | 2,207 | 2,202,466 | ||
Hyland Software, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 7.75% | 07/07/2025 | 206 | 207,265 | ||
IGT Holding IV AB (Sweden), Term Loan B (3 mo. USD LIBOR + 3.50%) | 4.75% | 07/29/2024 | 1,040 | 1,019,067 | ||
Imperva, Inc. | ||||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 8.75% | 01/11/2027 | 562 | 541,474 | ||
Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 01/10/2026 | 619 | 615,147 | ||
ION Corp. | ||||||
Term Loan (3 mo. EURIBOR + 4.25%) | 4.25% | 10/02/2025 | EUR | 679 | 809,233 | |
Term Loan (3 mo. USD LIBOR + 4.25%) | 4.52% | 10/02/2025 | 398 | 393,541 | ||
LogMeIn, Term Loan B(d) | – | 08/28/2027 | 3,071 | 3,039,681 | ||
Marcel Bidco LLC, Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 03/16/2026 | 415 | 413,480 | ||
Mavenir Systems, Inc., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.00% | 05/08/2025 | 1,827 | 1,821,321 | ||
Micro Holding L.P., Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 09/13/2024 | 1,048 | 1,040,248 | ||
Mirion Technologies, Inc., Term Loan (3 mo. USD LIBOR + 4.00%) | 4.27% | 03/06/2026 | 462 | 460,398 |
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) | ||||||
MTS Systems Corp., Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.00% | 07/05/2023 | $ 242 | $ 241,665 | ||
Natel Engineering Co., Inc., Term Loan (1 mo. USD LIBOR + 5.00%) | 6.00% | 04/29/2026 | 1,380 | 1,222,895 | ||
NCR Corp., Term Loan B (3 mo. USD LIBOR + 2.50%) | 2.65% | 08/28/2026 | 1,536 | 1,518,214 | ||
Neustar, Inc. | ||||||
Term Loan B-4 (1 mo. USD LIBOR + 3.50%) | 4.50% | 08/08/2024 | 1,661 | 1,589,344 | ||
Term Loan B-5 (1 mo. USD LIBOR + 4.50%) | 5.50% | 08/08/2024 | 565 | 546,666 | ||
Oberthur Technologies of America Corp., Term Loan B (1 mo. EURIBOR + 3.75%) | 3.75% | 01/10/2024 | EUR | 1,000 | 1,182,121 | |
Open Text Corp. (Canada), Term Loan (1 mo. USD LIBOR + 1.75%) | 1.90% | 05/30/2025 | 48 | 47,798 | ||
Optiv, Inc. | ||||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 8.25% | 01/31/2025 | 417 | 347,001 | ||
Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 02/01/2024 | 1,795 | 1,585,496 | ||
Project Accelerate Parent LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 01/02/2025 | 1,216 | 1,116,019 | ||
Project Leopard Holdings, Inc. | ||||||
Incremental Term Loan (6 mo. USD LIBOR + 4.25%) | 5.25% | 07/07/2023 | 868 | 860,109 | ||
Term Loan (6 mo. USD LIBOR + 4.50%) | 5.50% | 07/07/2023 | 396 | 392,203 | ||
Quest Software US Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 4.46% | 05/16/2025 | 3,552 | 3,447,806 | ||
Renaissance Holding Corp., Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 7.15% | 05/29/2026 | 242 | 237,531 | ||
Riverbed Technology, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 04/24/2022 | 2,364 | 2,145,661 | ||
Sandvine Corp. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 4.50%) | 4.65% | 10/31/2025 | 1,193 | 1,130,361 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%) | 8.15% | 11/02/2026 | 180 | 148,312 | ||
Science Applications International Corp., Term Loan B (1 mo. USD LIBOR + 1.88%) | 2.02% | 10/31/2025 | 138 | 136,593 | ||
SkillSoft Corp., Term Loan (1 mo. USD LIBOR + 7.50%) | 8.50% | 04/27/2025 | 650 | 645,249 | ||
Sophos (Surf Holdings LLC) (United Kingdom), Term Loan (1 mo. USD LIBOR + 3.50%) | 3.75% | 03/05/2027 | 53 | 52,021 | ||
SS&C Technologies, Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 1.75%) | 1.90% | 04/16/2025 | 356 | 351,357 | ||
Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 1.90% | 04/16/2025 | 270 | 266,107 | ||
Term Loan B-5 (1 mo. USD LIBOR + 2.25%) | 1.90% | 04/16/2025 | 2,008 | 1,983,718 | ||
Sybil Software LLC, Term Loan (3 mo. USD LIBOR + 2.25%) | 3.25% | 09/29/2023 | 270 | 269,140 | ||
TIBCO Software, Inc., Term Loan B-3 (1 mo. USD LIBOR + 3.75%) | 3.90% | 06/30/2026 | 203 | 199,772 | ||
Ultimate Software Group, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 3.90% | 05/04/2026 | 1,919 | 1,910,324 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.50% | 05/10/2027 | 68 | 69,173 | ||
Term Loan B (3 mo. USD LIBOR + 4.00%) | 4.75% | 05/04/2026 | 275 | 276,226 | ||
Veritas US, Inc., Term Loan B-1(d) | – | 08/13/2025 | EUR | 203 | 243,608 | |
WebPros, Term Loan (1 mo. USD LIBOR + 5.25%) | 5.75% | 02/18/2027 | 996 | 988,975 | ||
Xperi Corp., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.15% | 06/02/2025 | 752 | 752,418 | ||
48,713,364 | ||||||
Equipment Leasing–0.24% | ||||||
Boels Topholding B.V. (Netherlands), Term Loan B (d) | – | 02/06/2027 | EUR | 388 | 463,849 | |
Delos Finance S.a.r.l. (Luxembourg), Term Loan (3 mo. USD LIBOR + 1.75%) | 1.97% | 10/06/2023 | 704 | 694,387 | ||
1,158,236 | ||||||
Financial Intermediaries–1.08% | ||||||
Edelman Financial Center LLC (The), First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 3.15% | 07/19/2025 | 69 | 67,617 | ||
Evergood 4 APS (Denmark), Term Loan B-2 (3 mo. EURIBOR + 3.75%) | 3.75% | 02/06/2025 | EUR | 321 | 383,994 | |
Everi Payments, Inc., Term Loan B (1 mo. USD LIBOR + 10.50%) | 11.50% | 05/09/2024 | 98 | 101,787 | ||
Fiserv Investment Solutions, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 4.97% | 02/10/2027 | 466 | 465,868 | ||
LPL Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.89% | 11/12/2026 | 230 | 226,403 | ||
MoneyGram International, Inc., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.00% | 06/30/2023 | 2,929 | 2,907,135 | ||
Saphilux S.a.r.l. (Luxembourg), Term Loan (3 mo. EURIBOR + 3.75%) | 3.75% | 07/11/2025 | EUR | 250 | 295,937 | |
SGG Holdings S.A. (Luxembourg), Term Loan B (6 mo. EURIBOR + 3.75%) | 3.75% | 07/11/2025 | EUR | 423 | 499,634 |
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) | ||||||
Stiphout Finance LLC, Incremental Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/26/2025 | $ 177 | $ 175,287 | ||
5,123,662 | ||||||
Food Products–3.80% | ||||||
AMCP Pet Holdings, Inc. | ||||||
Delayed Draw Term Loan(e)(f) | 0.00% | 10/05/2026 | 671 | 657,917 | ||
Revolver Loan(e)(f) | 0.00% | 10/05/2026 | 336 | 328,959 | ||
Term Loan B(e) | 7.25% | 10/05/2026 | 2,350 | 2,302,710 | ||
Arnott’s Biscuits Ltd., Term Loan (3 mo. USD LIBOR + 4.00%)(e) | 5.00% | 12/18/2026 | 875 | 875,206 | ||
Biscuit International S.A.S. (De Banketgroep Holding International B.V.) (France), First Lien Term Loan(d) | – | 02/07/2027 | EUR | 231 | 272,499 | |
CSM Bakery Supplies LLC, First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 7.25% | 01/04/2022 | 1,901 | 1,875,967 | ||
Froneri International PLC (United Kingdom) | ||||||
Second Lien Term Loan (3 mo. EURIBOR + 5.75%) | 5.90% | 01/28/2028 | EUR | 62 | 73,480 | |
Second Lien Term Loan (1 mo. USD LIBOR + 5.75%) | 5.90% | 01/29/2028 | 441 | 441,709 | ||
H-Food Holdings LLC | ||||||
Incremental Term Loan B-3 (1 mo. USD LIBOR + 5.00%) | 6.00% | 05/23/2025 | 171 | 170,787 | ||
Term Loan (1 mo. USD LIBOR + 3.69%) | 3.83% | 05/23/2025 | 2,168 | 2,129,331 | ||
JBS USA Lux S.A., Term Loan (1 mo. USD LIBOR + 2.50%) | 2.15% | 05/01/2026 | 5,602 | 5,530,784 | ||
Manna Pro Products LLC | ||||||
Delayed Draw Term Loan(e) | 1.00% | 12/08/2023 | 218 | 216,051 | ||
Delayed Draw Term Loan(e)(f) | 0.00% | 12/08/2023 | 54 | 53,451 | ||
Incremental Term Loan (1 mo. USD LIBOR + 6.00%)(e) | 7.00% | 12/08/2023 | 909 | 900,163 | ||
Shearer’s Foods LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 4.75% | 09/15/2027 | 1,470 | 1,469,029 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 8.75% | 09/15/2028 | 232 | 230,087 | ||
Sigma Bidco B.V. (Netherlands), Term Loan B-1 (3 mo. EURIBOR + 3.50%) | 3.50% | 07/02/2025 | EUR | 427 | 505,082 | |
18,033,212 | ||||||
Food Service–3.59% | ||||||
Aramark Services, Inc. | ||||||
Term Loan B-3 (3 mo. USD LIBOR + 1.75%) | 1.90% | 03/11/2025 | 70 | 68,116 | ||
Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 1.90% | 01/15/2027 | 164 | 159,515 | ||
Carlisle FoodService Products, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 03/20/2025 | 402 | 366,447 | ||
Euro Garages (Netherlands) | ||||||
Term Loan (3 mo. USD LIBOR + 4.00%) | 4.22% | 02/06/2025 | 38 | 37,604 | ||
Term Loan B (3 mo. USD LIBOR + 4.00%) | 4.22% | 02/06/2025 | 444 | 437,055 | ||
Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 02/07/2025 | EUR | 698 | 817,020 | |
Term Loan B (3 mo. GBP LIBOR + 4.75%) | 4.81% | 02/07/2025 | GBP | 371 | 483,690 | |
Houston Foods, Inc., Term Loan (1 mo. USD LIBOR + 3.75%) | 3.90% | 07/20/2025 | 814 | 792,703 | ||
IRB Holding Corp., First Lien Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.25% | 12/01/2027 | 1,004 | 997,084 | ||
New Red Finance, Inc., Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 1.90% | 11/19/2026 | 10,568 | 10,300,340 | ||
NPC International, Inc., Second Lien Term Loan(g)(j) | 0.00% | 04/18/2025 | 239 | 18,205 | ||
US Foods, Inc. | ||||||
Incremental Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.15% | 08/15/2026 | 75 | 72,379 | ||
Term Loan (1 mo. USD LIBOR + 1.75%) | 1.90% | 06/27/2023 | 1,517 | 1,471,684 | ||
Weight Watchers International, Inc., Term Loan (3 mo. USD LIBOR + 4.75%) | 5.50% | 11/29/2024 | 1,024 | 1,028,104 | ||
17,049,946 | ||||||
Health Care–3.74% | ||||||
Acadia Healthcare Co., Inc., Term Loan B-4 (1 mo. USD LIBOR + 2.50%) | 2.65% | 02/16/2023 | 653 | 649,387 | ||
AI Sirona (Luxembourg) Acquisition S.a.r.l. (Luxembourg), Term Loan B (6 mo. EURIBOR + 4.00%) | 4.00% | 07/10/2025 | EUR | 379 | 452,339 | |
athenahealth, Inc., First Lien Term Loan B (3 mo. USD LIBOR + 4.50%) | 4.75% | 02/11/2026 | 665 | 662,897 |
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) | ||||||
Biogroup-LCD (France) | ||||||
Term Loan(d) | – | 04/25/2026 | EUR | 242 | $ 290,088 | |
Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 04/25/2026 | EUR | 290 | 347,326 | |
Curium Bidco S.a.r.l. (Luxembourg), Term Loan (1 mo. USD LIBOR + 4.25%) | 5.00% | 10/28/2027 | $ 738 | 735,267 | ||
Dentalcorp Perfect Smile ULC (Canada) | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 06/06/2025 | 24 | 23,442 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.50%)(e) | 8.50% | 06/08/2026 | 655 | 652,021 | ||
Diaverum Holding S.a.r.l. (Sweden), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 06/08/2024 | EUR | 199 | 236,139 | |
Explorer Holdings, Inc., Term Loan (1 mo. USD LIBOR + 4.50%) | 5.50% | 02/04/2027 | 505 | 504,966 | ||
EyeCare Partners, LLC | ||||||
Delayed Draw Term Loan | 3.90% | 02/05/2027 | 1 | 1,064 | ||
Delayed Draw Term Loan(f) | 0.00% | 02/05/2027 | 12 | 11,354 | ||
Term Loan B (1 mo. USD LIBOR + 3.75%) | 3.90% | 02/05/2027 | 55 | 52,956 | ||
Financiere N (Luxembourg), Term Loan B-1 (3 mo. EURIBOR + 4.00%) | 4.00% | 01/22/2026 | EUR | 80 | 93,214 | |
Global Healthcare Exchange LLC, Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 06/28/2024 | 29 | 28,179 | ||
Global Medical Response, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 10/02/2025 | 1,037 | 1,025,697 | ||
Greatbatch Ltd., Term Loan B (1 mo. USD LIBOR + 2.50%) | 3.50% | 10/27/2022 | 90 | 89,387 | ||
HC Group Holdings III, Inc., Term Loan B (1 mo. USD LIBOR + 4.50%) | 4.40% | 08/06/2026 | 1,128 | 1,124,860 | ||
IQVIA, Inc. | ||||||
Incremental Term Loan B-2 (3 mo. USD LIBOR + 2.00%) | 1.90% | 01/17/2025 | 87 | 86,559 | ||
Term Loan B-1 (3 mo. USD LIBOR + 1.75%) | 1.90% | 03/07/2024 | 53 | 52,457 | ||
Term Loan B-3 (3 mo. USD LIBOR + 1.75%) | 1.97% | 06/11/2025 | 18 | 17,771 | ||
IWH UK Midco Ltd. (United Kingdom), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 01/31/2025 | EUR | 918 | 1,030,167 | |
MED ParentCo L.P. | ||||||
Delayed Draw Term Loan(d) | – | 08/31/2026 | 0 | 6 | ||
Delayed Draw Term Loan(f) | 0.00% | 08/31/2026 | 0 | 3 | ||
Milano Acquisition Corp., Term Loan B (3 mo. USD LIBOR + 4.00%) | 4.75% | 08/13/2027 | 1,116 | 1,108,993 | ||
Neuraxpharm (Cerebro BidCo / Blitz F20-80 GmbH) (Germany), Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 10/29/2027 | EUR | 218 | 260,656 | |
Nidda Healthcare Holding AG (Germany), Term Loan F (3 mo. GBP LIBOR + 4.50%) | 4.55% | 08/21/2026 | GBP | 172 | 225,563 | |
Ortho-Clinical Diagnostics, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.41% | 06/30/2025 | 236 | 231,201 | ||
Packaging Coordinators Midco, Inc., Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 09/25/2027 | 884 | 877,465 | ||
Precision Medicine Group LLC | ||||||
Delayed Draw Term Loan(e)(f) | 0.00% | 10/30/2027 | 150 | 148,569 | ||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%)(e) | 4.50% | 10/30/2027 | 1,146 | 1,139,032 | ||
Prophylaxis B.V. (Netherlands), Term Loan B (6 mo. EURIBOR + 4.00%) | 4.00% | 06/05/2025 | EUR | 1,729 | 1,586,898 | |
Revint Intermediate II LLC, Term Loan (1 mo. USD LIBOR + 5.00%) | 5.75% | 10/08/2027 | 1,330 | 1,318,334 | ||
Sunshine Luxembourg VII S.a.r.l. (Switzerland), Term Loan (3 mo. USD LIBOR + 4.25%) | 5.25% | 07/23/2026 | 167 | 167,321 | ||
Surgery Center Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 09/02/2024 | 5 | 4,984 | ||
Terveys-ja hoivapalvelut Suomi Oy (Finland), Second Lien Term Loan (3 mo. EURIBOR + 7.25%) | 7.25% | 07/19/2026 | EUR | 333 | 390,615 | |
Unilabs Diagnostics AB (Sweden), Revolver Loan(e)(f) | 0.00% | 04/01/2021 | EUR | 768 | 903,166 | |
Upstream Newco, Inc., Term Loan (3 mo. USD LIBOR + 4.50%) | 4.65% | 10/22/2026 | 299 | 294,914 | ||
Verscend Holding Corp., Term Loan B (1 mo. USD LIBOR + 4.50%) | 4.65% | 08/27/2025 | 323 | 322,791 | ||
Waystar, Incremental Term Loan (1 mo. USD LIBOR + 4.00%)(e) | 4.75% | 10/20/2026 | 603 | 601,178 | ||
17,749,226 | ||||||
Home Furnishings–1.65% | ||||||
Hayward Industries, Inc., First Lien Incremental Term Loan (1 mo. USD LIBOR + 3.75%)(e) | 4.50% | 08/04/2026 | 99 | 97,806 | ||
Hilding Anders AB (Sweden), Term Loan B (3 mo. EURIBOR + 5.00%) | 5.00% | 11/29/2024 | EUR | 390 | 331,922 | |
Mattress Firm, Inc., Term Loan (1 mo. USD LIBOR + 5.25%) | 6.25% | 11/24/2027 | 1,346 | 1,339,182 | ||
Serta Simmons Bedding LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 7.50%) | 8.50% | 08/10/2023 | 485 | 487,774 | ||
Second Lien Term Loan | 8.50% | 08/10/2023 | 1,821 | 1,654,173 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Home Furnishings–(continued) | ||||||
SIWF Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.25%) | 4.40% | 06/15/2025 | $ 1,166 | $ 1,148,900 | ||
TGP Holdings III LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 5.00% | 09/25/2024 | 1,403 | 1,371,709 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 9.50% | 09/25/2025 | 330 | 315,095 | ||
Webster-Stephen Products LLC, Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.00% | 10/20/2027 | 1,066 | 1,063,305 | ||
7,809,866 | ||||||
Industrial Equipment–2.36% | ||||||
Alliance Landry Systems LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.25% | 09/30/2027 | 166 | 165,929 | ||
Alpha AB Bidco B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 07/30/2025 | EUR | 359 | 422,321 | |
Altra Industrial Motion Corp., Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.15% | 10/01/2025 | 15 | 15,308 | ||
CIRCOR International, Inc., Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.25% | 12/11/2024 | 200 | 197,739 | ||
Columbus McKinnon Corp., Term Loan (3 mo. USD LIBOR + 2.50%) | 3.50% | 01/31/2024 | 17 | 17,036 | ||
Crosby US Acquisition Corp., Term Loan B (1 mo. USD LIBOR + 4.75%) | 4.90% | 06/27/2026 | 414 | 402,949 | ||
Delachaux Group S.A. (France), Term Loan B-2 (3 mo. USD LIBOR + 4.50%) | 4.74% | 04/16/2026 | 339 | 332,818 | ||
DXP Enterprises, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 08/29/2023 | 52 | 50,940 | ||
Engineered Machinery Holdings, Inc. | ||||||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 4.25%) | 5.25% | 07/19/2024 | 56 | 55,678 | ||
First Lien Term Loan (3 mo. USD LIBOR + 3.00%) | 4.00% | 07/19/2024 | 272 | 267,643 | ||
Filtration Group Corp., Term Loan A (1 mo. USD LIBOR + 3.75%) | 4.50% | 03/29/2025 | 127 | 127,216 | ||
Gardner Denver, Inc. | ||||||
Term Loan (1 mo. USD LIBOR + 2.75%) | 2.90% | 03/01/2027 | 136 | 135,175 | ||
Term Loan B-1 (1 mo. USD LIBOR + 1.75%) | 1.90% | 03/31/2027 | 473 | 465,118 | ||
Term Loan B-2 (1 mo. USD LIBOR + 1.75%) | 1.90% | 03/01/2027 | 1,796 | 1,767,331 | ||
Hamilton Holdco LLC, Term Loan (3 mo. USD LIBOR + 2.00%)(e) | 2.23% | 01/02/2027 | 115 | 113,660 | ||
Kantar (United Kingdom) | ||||||
Term Loan B (1 mo. USD LIBOR + 4.75%) | 5.00% | 10/23/2024 | 1,000 | 984,375 | ||
Term Loan B (3 mo. EURIBOR + 5.00%) | 4.75% | 12/04/2026 | EUR | 700 | 836,150 | |
MX Holdings US, Inc., Term Loan B-1-C (1 mo. USD LIBOR + 2.75%) | 3.50% | 07/31/2025 | 267 | 264,893 | ||
New VAC US LLC, Term Loan B (3 mo. USD LIBOR + 4.00%)(e) | 5.00% | 03/08/2025 | 418 | 311,145 | ||
Robertshaw US Holding Corp., Second Lien Term Loan (1 mo. USD LIBOR + 8.00%) | 9.00% | 02/28/2026 | 388 | 301,632 | ||
S2P Acquisiton Borrower, Inc., First Lien Term Loan(d) | – | 08/14/2026 | 482 | 477,571 | ||
Terex Corp., Term Loan (1 mo. USD LIBOR + 2.75%) | 3.50% | 01/31/2024 | 108 | 105,944 | ||
Thyssenkrupp Elevators (Vertical Midco GmbH) (Germany), Term Loan B(d) | – | 07/30/2027 | 3,355 | 3,351,468 | ||
11,170,039 | ||||||
Insurance–0.43% | ||||||
Alliant Holdings Intermediate LLC, Term Loan B-3 (1 mo. USD LIBOR + 3.75%) | 4.25% | 10/15/2027 | 172 | 171,478 | ||
AmWINS Group LLC, First Lien Term Loan (1 mo. USD LIBOR + 2.75%) | 3.75% | 01/25/2024 | 135 | 134,938 | ||
Financiere CEP (France), Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 06/18/2027 | EUR | 374 | 449,793 | |
Ryan Specialty Group LLC, Term Loan(d) | – | 07/23/2027 | 1,116 | 1,113,230 | ||
Sedgwick Claims Management Services, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.40% | 12/31/2025 | 169 | 165,298 | ||
2,034,737 | ||||||
Leisure Goods, Activities & Movies–4.18% | ||||||
Alpha Topco Ltd. (United Kingdom), Term Loan B (1 mo. USD LIBOR + 2.50%) | 3.50% | 02/01/2024 | 3,510 | 3,429,744 | ||
AMC Entertainment, Inc., Term Loan B-1 (1 mo. USD LIBOR + 3.00%) | 3.23% | 04/22/2026 | 360 | 274,461 | ||
Ancestry.com Operations, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/19/2023 | 1,945 | 1,944,442 | ||
Crown Finance US, Inc. | ||||||
Term Loan(d) | – | 02/28/2025 | EUR | 123 | 114,467 | |
Term Loan (3 mo. USD LIBOR + 2.25%) | 2.77% | 02/28/2025 | 1,090 | 842,427 | ||
Term Loan (3 mo. USD LIBOR + 2.50%) | 3.02% | 09/20/2026 | 1,832 | 1,399,015 | ||
CWGS Group LLC, Term Loan (1 mo. USD LIBOR + 2.75%) | 3.50% | 11/08/2023 | 585 | 576,566 |
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) | |||||
Dorna Sports S.L. (Spain) | |||||
Term Loan B-2 (6 mo. USD LIBOR + 3.00%) | 3.86% | 04/12/2024 | $ 1,012 | $ 985,800 | |
Term Loan B-2(d) | – | 05/03/2024 | EUR | 116 | 136,508 |
Fitness International LLC, Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.25% | 04/18/2025 | 284 | 239,866 | |
HNVR Holdco Ltd. (United Kingdom), Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 09/12/2023 | EUR | 1,882 | 2,008,617 |
Invictus Media S.L.U. (Spain) | |||||
Term Loan B-1 (6 mo. EURIBOR + 4.50%) | 4.75% | 06/26/2025 | EUR | 455 | 450,999 |
Term Loan B-2 (6 mo. EURIBOR + 4.50%) | 4.75% | 06/26/2025 | EUR | 273 | 270,857 |
Lakeland Tours LLC | |||||
PIK Term Loan, 13.25% PIK Rate(h) | 13.25% | 09/30/2027 | 250 | 46,305 | |
PIK Term Loan, 6.00% PIK Rate, 2.75% Cash Rate(h) | 6.00% | 09/25/2025 | 193 | 165,292 | |
PIK Term Loan, 8.75% PIK Rate(e)(h) | 8.75% | 09/30/2025 | 247 | 117,166 | |
Term Loan (1 mo. USD LIBOR + 6.00%) | 6.00% | 09/25/2023 | 113 | 111,127 | |
Live Nation Entertainment, Inc., Term Loan B-4 (3 mo. USD LIBOR + 1.75%) | 1.94% | 10/19/2026 | 105 | 101,390 | |
Markermeer Finance B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 01/25/2027 | EUR | 620 | 721,907 |
Merlin Entertainments PLC (United Kingdom) | |||||
Term Loan B (3 mo. EURIBOR + 3.00%) | 3.00% | 10/16/2026 | EUR | 333 | 379,620 |
Term Loan B-1 (3 mo. USD LIBOR + 3.25%) | 3.47% | 11/12/2026 | 39 | 36,683 | |
Term Loan B-2 (3 mo. USD LIBOR + 3.25%) | 3.47% | 11/12/2026 | 5 | 4,821 | |
Parques Reunidos (Spain) | |||||
Incremental Term Loan B-2(d) | – | 09/27/2026 | EUR | 580 | 685,701 |
Term Loan B-1 (3 mo. EURIBOR + 3.75%) | 3.75% | 09/27/2026 | EUR | 1,533 | 1,693,655 |
Sabre GLBL, Inc., Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.15% | 02/22/2024 | 57 | 54,396 | |
SeaWorld Parks & Entertainment, Inc., Term Loan B-5(d) | – | 04/01/2024 | 886 | 847,362 | |
UFC Holdings LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 4.25% | 04/29/2026 | 221 | 218,294 | |
USF S&H Holdco LLC | |||||
Term Loan A (1 mo. USD LIBOR + 0.15%)(e) | 0.15% | 06/30/2025 | 63 | 62,496 | |
Term Loan A(e)(f) | 0.00% | 06/30/2025 | 205 | 205,344 | |
Term Loan B(e) | 3.23% | 06/30/2025 | 1,631 | 1,630,681 | |
Vue International Bidco PLC (United Kingdom), Term Loan B-1 (3 mo. EURIBOR + 4.75%) | 4.75% | 06/21/2026 | EUR | 85 | 89,053 |
19,845,062 | |||||
Lodging & Casinos–3.81% | |||||
Aimbridge Acquisition Co., Inc. | |||||
Incremental Term Loan (1 mo. USD LIBOR + 6.00%) | 6.75% | 02/01/2026 | 965 | 957,793 | |
Term Loan (3 mo. USD LIBOR + 3.75%) | 3.90% | 02/01/2026 | 279 | 263,495 | |
Aristocrat Technologies, Inc., Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/19/2024 | 888 | 892,027 | |
B&B Hotels S.A.S. (France) | |||||
Second Lien Term Loan B (3 mo. EURIBOR + 8.50%) | 8.50% | 07/31/2027 | EUR | 387 | 418,052 |
Term Loan B-3-A (3 mo. EURIBOR + 3.88%) | 3.88% | 07/31/2026 | EUR | 1,841 | 2,037,336 |
Ballys Corp., Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.90% | 05/10/2026 | 745 | 717,934 | |
Caesars Resort Collection LLC | |||||
Incremental Term Loan (1 mo. USD LIBOR + 4.50%) | 4.65% | 06/30/2025 | 688 | 682,993 | |
Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.90% | 12/23/2024 | 5,342 | 5,178,534 | |
CityCenter Holdings LLC, Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.00% | 04/18/2024 | 1,093 | 1,057,113 | |
ESH Hospitality, Inc., Term Loan (3 mo. USD LIBOR + 2.00%) | 2.15% | 09/18/2026 | 23 | 22,296 | |
Four Seasons Hotels Ltd. (Canada), First Lien Term Loan (1 mo USD LIBOR + 2.00%) | 2.15% | 11/30/2023 | 58 | 56,732 | |
Hilton Worldwide Finance LLC, Term Loan B-2 (1 mo. USD LIBOR + 1.75%) | 1.90% | 06/22/2026 | 605 | 591,136 | |
PCI Gaming Authority, Term Loan B (1 mo. USD LIBOR + 3.00%) | 2.65% | 05/29/2026 | 767 | 752,953 | |
RHP Hotel Properties L.P., Term Loan B (3 mo. USD LIBOR + 2.00%) | 2.15% | 05/11/2024 | 160 | 154,489 | |
Scientific Games International, Inc., Term Loan B-5 (1 mo. USD LIBOR + 2.75%) | 2.90% | 08/14/2024 | 57 | 54,934 | |
Stars Group (US) Co-Borrower LLC, Term Loan (3 mo. USD LIBOR + 3.50%) | 3.72% | 07/10/2025 | 1,990 | 1,997,121 | |
Station Casinos LLC, Term Loan B-1 (1 mo. USD LIBOR + 2.25%) | 2.50% | 02/08/2027 | 1,945 | 1,893,484 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Lodging & Casinos–(continued) | ||||||
VICI Properties 1 LLC, Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.90% | 12/20/2024 | $ 311 | $ 304,036 | ||
Wyndham Hotels & Resorts, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.90% | 05/30/2025 | 15 | 14,378 | ||
18,046,836 | ||||||
Nonferrous Metals & Minerals–0.77% | ||||||
American Rock Salt Co. LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 03/21/2025 | 583 | 579,676 | ||
Covia Holdings Corp., Term Loan(g)(j) | 0.00% | 06/01/2025 | 1,270 | 1,025,641 | ||
Form Technologies LLC, First Lien Term Loan B-2 (3 mo. USD LIBOR + 3.25%) | 4.25% | 01/28/2022 | 1,065 | 1,014,584 | ||
Kissner Group, Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.50% | 03/01/2027 | 886 | 886,244 | ||
U.S. Silica Co., Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 05/01/2025 | 153 | 133,738 | ||
3,639,883 | ||||||
Oil & Gas–4.61% | ||||||
BCP Raptor LLC, Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 06/24/2024 | 309 | 277,784 | ||
Blackstone CQP Holdco, Term Loan (3 mo. USD LIBOR + 3.50%) | 3.73% | 09/30/2024 | 1,261 | 1,249,226 | ||
Brazos Delaware II LLC, Term Loan (1 mo. USD LIBOR + 4.00%) | 4.15% | 05/21/2025 | 1,451 | 1,185,844 | ||
California Resources Corp. | ||||||
Jr. DIP Term Loan(d)(e) | – | 01/23/2021 | 722 | 722,495 | ||
Term Loan (1 mo. USD LIBOR + 10.38%) | 0.00% | 12/31/2021 | 1,137 | 35,996 | ||
Term Loan (1 mo. USD LIBOR + 4.75%) | 0.00% | 12/31/2022 | 1,418 | 533,493 | ||
Centurion Pipeline Co. LLC | ||||||
Term Loan (1 mo. USD LIBOR + 3.25%) | 3.40% | 09/29/2025 | 417 | 411,436 | ||
Term Loan B-1(d)(e) | – | 09/29/2025 | 431 | 427,482 | ||
Crestwood Holdings LLC, Term Loan (1 mo. USD LIBOR + 7.50%) | 7.65% | 03/06/2023 | 1,953 | 1,246,661 | ||
Encino Acquisition Partners Holdings LLC, Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.75% | 10/29/2025 | 1,136 | 981,364 | ||
Fieldwood Energy LLC | ||||||
DIP Delayed Draw Term Loan (1 mo. USD LIBOR + 8.75%)(e) | 9.75% | 08/04/2021 | 139 | 138,896 | ||
DIP Delayed Draw Term Loan(e)(f) | 0.00% | 08/04/2021 | 1,253 | 1,250,062 | ||
First Lien Term Loan(j) | 0.00% | 04/11/2022 | 9,313 | 2,173,137 | ||
Second Lien Term Loan(j) | 0.00% | 04/11/2023 | 2,764 | 4,229 | ||
Glass Mountain Pipeline Holdings LLC, Term Loan (3 mo. USD LIBOR + 4.50%) | 5.50% | 12/23/2024 | 1,012 | 536,387 | ||
HGIM Corp., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.00% | 07/02/2023 | 1,189 | 578,156 | ||
Lower Cadence Holdings LLC, Term Loan | 4.16% | 05/22/2026 | 274 | 262,231 | ||
Lucid Energy Group II Borrower LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 02/17/2025 | 634 | 591,823 | ||
McDermott International Ltd. | ||||||
LOC(e)(f) | 0.00% | 06/30/2024 | 2,136 | 1,954,541 | ||
PIK Term Loan, 3.00% PIK Rate, 1.15% Cash Rate(h) | 1.15% | 06/30/2025 | 479 | 326,117 | ||
Term Loan (1 mo. USD LIBOR + 3.00%)(e) | 3.15% | 06/30/2024 | 92 | 75,587 | ||
Moda Ingleside Energy Center LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 3.40% | 09/29/2025 | 181 | 178,530 | ||
Navitas Midstream Midland Basin LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | 5.50% | 12/13/2024 | 1,403 | 1,349,373 | ||
Osum Production Corp. (Canada), Term Loan (3 mo. USD LIBOR + 9.50%)(e) | 8.50% | 07/31/2022 | 1,501 | 1,381,088 | ||
Paragon Offshore Finance Co. (Cayman Islands), Term Loan(e)(g)(j) | 0.00% | 07/16/2021 | 10 | 0 | ||
Petroleum GEO-Services ASA, Term Loan (1 mo. USD LIBOR + 7.00%) | 7.23% | 03/19/2024 | 2,444 | 1,821,058 | ||
Prairie ECI Acquiror L.P., Term Loan (3 mo. USD LIBOR + 4.75%) | 4.90% | 03/11/2026 | 1,150 | 1,081,344 | ||
Seadrill Operating L.P. | ||||||
Revolver Loan (1 mo. USD LIBOR + 10.00%)(e) | 0.27% | 02/21/2021 | 340 | 345,432 | ||
Term Loan (3 mo. USD LIBOR + 6.00%) | 7.00% | 02/21/2021 | 6,182 | 657,662 | ||
Southcross Energy Partners L.P., Revolver Loan(e)(f) | 0.00% | 01/31/2025 | 79 | 74,104 | ||
21,851,538 | ||||||
Publishing–1.98% | ||||||
Adtalem Global Education, Inc., Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.15% | 04/11/2025 | 115 | 114,540 | ||
Ascend Learning LLC, Incremental Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 07/12/2024 | 261 | 261,058 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Publishing–(continued) | ||||||
Cengage Learning, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.25% | 06/07/2023 | $ 3,816 | $ 3,556,054 | ||
Clear Channel Worldwide Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 3.71% | 08/21/2026 | 3,432 | 3,238,938 | ||
Nielsen Finance LLC | ||||||
Term Loan B-4 (1 mo. USD LIBOR + 2.00%) | 2.16% | 10/04/2023 | 77 | 76,027 | ||
Term Loan B-5(d) | – | 06/30/2025 | 2,145 | 2,152,732 | ||
9,399,349 | ||||||
Radio & Television–0.94% | ||||||
Gray Television, Inc., Term Loan C (3 mo. USD LIBOR + 2.50%) | 2.66% | 01/02/2026 | 18 | 17,775 | ||
Nexstar Broadcasting, Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 2.40% | 01/17/2024 | 417 | 412,352 | ||
Term Loan B-4 (1 mo. USD LIBOR + 2.75%) | 2.90% | 09/18/2026 | 2,515 | 2,490,056 | ||
Sinclair Television Group, Inc. | ||||||
Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.40% | 01/03/2024 | 21 | 20,868 | ||
Term Loan B-2-B (1 mo. USD LIBOR + 2.50%) | 2.65% | 09/30/2026 | 1,566 | 1,535,820 | ||
4,476,871 | ||||||
Rail Industries–0.05% | ||||||
Genesee & Wyoming, Inc., Term Loan (3 mo. USD LIBOR + 2.00%) | 2.22% | 12/30/2026 | 238 | 236,511 | ||
Retailers (except Food & Drug)–2.58% | ||||||
Action Holding B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.50% | 01/18/2027 | EUR | 450 | 535,701 | |
Claire’s Stores, Inc., Term Loan B (1 mo. USD LIBOR + 6.50%) | 6.65% | 12/18/2026 | 343 | 279,944 | ||
CNT Holdings I Corp. (1-800 Contacts) | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 10/16/2027 | 1,727 | 1,716,044 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.50% | 10/16/2028 | 402 | 405,835 | ||
Harbor Freight Tools USA, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.00% | 10/15/2027 | 594 | 590,503 | ||
Kirk Beauty One GmbH (Germany) | ||||||
Term Loan B-1 (3 mo. EURIBOR + 3.50%) | 3.50% | 08/12/2022 | EUR | 282 | 301,357 | |
Term Loan B-2 (3 mo. EURIBOR + 3.50%) | 3.50% | 08/12/2022 | EUR | 146 | 155,786 | |
Term Loan B-3 (3 mo. EURIBOR + 3.50%) | 3.50% | 08/12/2022 | EUR | 518 | 554,343 | |
Term Loan B-4 (3 mo. EURIBOR + 3.50%) | 3.50% | 08/12/2022 | EUR | 320 | 342,287 | |
Term Loan B-5 (3 mo. EURIBOR + 3.50%) | 3.50% | 08/12/2022 | EUR | 72 | 76,993 | |
Term Loan B-6 (3 mo. EURIBOR + 3.50%) | 3.50% | 08/12/2022 | EUR | 249 | 266,896 | |
Term Loan B-7 (3 mo. EURIBOR + 3.50%) | 3.50% | 08/12/2022 | EUR | 239 | 255,957 | |
Petco Animal Supplies, Inc., Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 01/26/2023 | 3,284 | 3,109,550 | ||
PetSmart, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 4.50% | 03/11/2022 | 3,677 | 3,663,412 | ||
12,254,608 | ||||||
Surface Transport–0.45% | ||||||
Odyssey Logistics & Technology Corp., First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 10/12/2024 | 337 | 320,896 | ||
PODS LLC, Term Loan B-4 (1 mo. USD LIBOR + 2.75%) | 3.75% | 12/06/2024 | 139 | 138,346 | ||
U.S. Shipping Corp., Term Loan B-2 (1 mo. USD LIBOR + 4.25%) | 5.25% | 06/26/2021 | 1,663 | 1,494,179 | ||
XPO Logistics, Inc., Term Loan B-1 (1 mo. USD LIBOR + 2.50%) | 2.64% | 02/24/2025 | 176 | 175,671 | ||
2,129,092 | ||||||
Telecommunications–7.09% | ||||||
Cablevision Lightpath LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 3.75% | 09/15/2027 | 34 | 34,204 | ||
CenturyLink, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.40% | 03/15/2027 | 4,477 | 4,385,866 | ||
Colorado Buyer, Inc. | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 05/01/2024 | 1,209 | 1,124,579 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 05/01/2024 | 7 | 6,508 | ||
Consolidated Communications, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 10/18/2027 | 1,522 | 1,525,097 | ||
Eagle Broadband Investments LLC (Mega Broadband), Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.75% | 10/29/2027 | 276 | 274,171 |
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) | ||||||
Frontier Communications Corp. | ||||||
DIP Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 10/08/2021 | $ 1,147 | $ 1,150,672 | ||
Term Loan B-1 | 4.50% | 06/15/2024 | 1,331 | 1,331,014 | ||
GCI Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.50% | 09/24/2025 | 625 | 623,606 | ||
Hargray Communications Group, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 05/16/2024 | 722 | 716,506 | ||
Inmarsat Finance PLC (United Kingdom), Term Loan (3 mo. USD LIBOR + 4.50%) | 5.50% | 12/11/2026 | 1,466 | 1,465,861 | ||
Intelsat Jackson Holdings S.A. (Luxembourg) | ||||||
DIP Term Loan(g) | 3.60% | 07/13/2021 | 158 | 162,242 | ||
DIP Term Loan(f)(g) | 0.00% | 07/13/2021 | 53 | 54,081 | ||
Term Loan B-3(g)(k) | 0.00% | 11/27/2023 | 2,785 | 2,829,025 | ||
Term Loan B-5(g)(k) | 8.63% | 01/02/2024 | 1,409 | 1,435,555 | ||
Iridium Satellite LLC, Term Loan (3 mo. USD LIBOR + 3.75%) | 4.75% | 11/04/2026 | 213 | 213,213 | ||
Level 3 Financing, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.90% | 03/01/2027 | 1,758 | 1,720,532 | ||
Masmovil (Lorca Finco PLC) (Spain), Term Loan B(d) | – | 07/02/2027 | EUR | 653 | 783,834 | |
Midcontinent Communications, Term Loan (1 mo. USD LIBOR + 2.25%) | 1.90% | 08/15/2026 | 14 | 13,919 | ||
MLN US HoldCo LLC | ||||||
First Lien Term Loan B (1 mo. USD LIBOR + 4.50%) | 4.64% | 11/30/2025 | 2,008 | 1,757,786 | ||
Second Lien Term Loan B (3 mo. USD LIBOR + 8.75%) | 8.89% | 11/30/2026 | 1,024 | 543,634 | ||
MTN Infrastructure TopCo, Inc. | ||||||
Incremental Term Loan(d) | – | 11/17/2024 | 178 | 178,390 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 11/15/2024 | 773 | 762,741 | ||
Project Jerico (France), Term Loan B(d) | – | 11/22/2026 | EUR | 309 | 363,454 | |
Radiate Holdco LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.25% | 09/10/2026 | 76 | 75,438 | ||
SBA Senior Finance II LLC, Term Loan (1 mo. USD LIBOR + 1.75%) | 1.90% | 04/11/2025 | 197 | 194,773 | ||
Syniverse Holdings, Inc., Term Loan C (1 mo. USD LIBOR + 5.00%) | 6.00% | 03/09/2023 | 420 | 364,979 | ||
Telesat LLC, Term Loan B-5 (1 mo. USD LIBOR + 2.75%) | 2.90% | 12/07/2026 | 5,726 | 5,606,920 | ||
U.S. TelePacific Corp., Term Loan (3 mo. USD LIBOR + 5.00%) | 6.50% | 05/02/2023 | 2,726 | 2,425,370 | ||
Windstream Services LLC, Term Loan B (1 mo. USD LIBOR + 6.25%) | 7.25% | 09/21/2027 | 1,543 | 1,488,724 | ||
Zayo Group LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 3.15% | 02/20/2027 | 31 | 30,787 | ||
33,643,481 | ||||||
Utilities–5.57% | ||||||
AI Alpine US Bidco, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.23% | 10/25/2025 | 11 | 10,200 | ||
APLP Holdings L.P. (Canada), Term Loan B (1 mo. USD LIBOR + 2.50%) | 3.50% | 04/19/2025 | 97 | 97,542 | ||
Aria Energy Operating LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | 5.50% | 05/27/2022 | 650 | 634,081 | ||
Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 3.75% | 08/01/2025 | 343 | 340,196 | ||
Calpine Construction Finance Co. L.P., Term Loan (1 mo. USD LIBOR + 2.50%) | 2.15% | 01/15/2025 | 12 | 11,453 | ||
Calpine Corp. | ||||||
Term Loan (3 mo. USD LIBOR + 2.50%) | 2.40% | 01/15/2024 | 3,617 | 3,604,569 | ||
Term Loan (2 mo. USD LIBOR + 2.75%) | 2.40% | 04/05/2026 | 5,538 | 5,490,091 | ||
Term Loan (1 mo. USD LIBOR + 2.50%) | 2.15% | 08/12/2026 | 1,764 | 1,741,730 | ||
Eastern Power LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/02/2025 | 1,402 | 1,400,928 | ||
Granite Acquisition, Inc. | ||||||
First Lien Term Loan B (3 mo. USD LIBOR + 3.50%) | 4.75% | 12/17/2021 | 2,303 | 2,303,348 | ||
Second Lien Term Loan B (3 mo. USD LIBOR + 7.25%) | 8.25% | 12/19/2022 | 555 | 553,787 | ||
Granite Generation LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/31/2026 | 2,435 | 2,432,060 | ||
Heritage Power LLC, Term Loan (3 mo. USD LIBOR + 6.00%) | 7.00% | 07/30/2026 | 1,706 | 1,631,291 | ||
Invenergy Thermal Operating I LLC, Term Loan (1 mo. USD LIBOR + 3.50%) | 3.15% | 08/28/2025 | 64 | 64,515 | ||
KAMC Holdings, Inc., First Lien Term Loan B (3 mo. USD LIBOR + 4.00%) | 4.15% | 08/14/2026 | 605 | 563,280 | ||
Lightstone Holdco LLC | ||||||
Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.75% | 01/30/2024 | 2,643 | 2,404,037 | ||
Term Loan C (1 mo. USD LIBOR + 3.75%) | 4.75% | 01/30/2024 | 149 | 135,591 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Utilities–(continued) | ||||||
Nautilus Power LLC, Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 05/16/2024 | $ 1,390 | $ 1,377,341 | ||
Pike Corp., Term Loan B(d) | – | 07/24/2026 | 148 | 147,862 | ||
PowerTeam Services LLC, First Lien Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 03/06/2025 | 516 | 505,264 | ||
Revere Power LLC | ||||||
Term Loan B (3 mo. USD LIBOR + 4.25%) | 4.40% | 03/27/2026 | 745 | 704,276 | ||
Term Loan C (3 mo. USD LIBOR + 4.25%) | 4.40% | 03/27/2026 | 80 | 75,308 | ||
USIC Holding, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 12/08/2023 | 211 | 208,815 | ||
26,437,565 | ||||||
Total Variable Rate Senior Loan Interests (Cost $502,693,558) | 480,635,764 | |||||
U.S. Dollar Denominated Bonds & Notes–11.35% | ||||||
Aerospace & Defense–0.84% | ||||||
Spirit AeroSystems, Inc.(l) | 5.50% | 01/15/2025 | 208 | 221,260 | ||
TransDigm, Inc.(l) | 8.00% | 12/15/2025 | 1,270 | 1,388,745 | ||
TransDigm, Inc.(l) | 6.25% | 03/15/2026 | 2,253 | 2,391,008 | ||
4,001,013 | ||||||
Air Transport–1.23% | ||||||
Delta Air Lines, Inc.(l) | 7.00% | 05/01/2025 | 359 | 410,459 | ||
Delta Air Lines, Inc./SkyMiles IP Ltd.(l) | 4.50% | 10/20/2025 | 1,305 | 1,378,771 | ||
Delta Air Lines, Inc./SkyMiles IP Ltd.(l) | 4.75% | 10/20/2028 | 1,804 | 1,944,699 | ||
Mesa Airlines, Inc., Class B(e) | 5.75% | 07/15/2025 | 1,477 | 1,384,642 | ||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd.(l) | 6.50% | 06/20/2027 | 652 | 708,235 | ||
5,826,806 | ||||||
Automotive–0.15% | ||||||
Allison Transmission, Inc.(l) | 5.88% | 06/01/2029 | 531 | 592,790 | ||
Tenneco, Inc.(l) | 7.88% | 01/15/2029 | 114 | 125,970 | ||
718,760 | ||||||
Building & Development–0.69% | ||||||
American Builders & Contractors Supply Co., Inc.(l) | 4.00% | 01/15/2028 | 486 | 505,046 | ||
Beacon Roofing Supply, Inc.(l) | 4.50% | 11/15/2026 | 175 | 182,383 | ||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC(l) | 5.75% | 05/15/2026 | 2,643 | 2,436,516 | ||
Forterra Finance LLC/FRTA Finance Corp.(l) | 6.50% | 07/15/2025 | 113 | 120,876 | ||
3,244,821 | ||||||
Business Equipment & Services–0.69% | ||||||
Advantage Sales & Marketing, Inc.(l) | 6.50% | 11/15/2028 | 490 | 501,944 | ||
Dun & Bradstreet Corp. (The)(l) | 6.88% | 08/15/2026 | 177 | 189,943 | ||
Prime Security Services Borrower LLC/Prime Finance, Inc.(l) | 3.38% | 08/31/2027 | 981 | 969,964 | ||
Prime Security Services Borrower LLC/Prime Finance, Inc.(l) | 5.75% | 04/15/2026 | 1,470 | 1,596,787 | ||
3,258,638 | ||||||
Cable & Satellite Television–1.47% | ||||||
Altice Financing S.A. (Luxembourg)(l) | 5.00% | 01/15/2028 | 194 | 198,401 | ||
Altice Financing S.A. (Luxembourg)(l) | 7.50% | 05/15/2026 | 854 | 902,038 | ||
Altice France S.A. (France)(l) | 5.50% | 01/15/2028 | 328 | 342,432 | ||
Altice France S.A. (France)(l) | 8.13% | 02/01/2027 | 832 | 917,193 | ||
CSC Holdings LLC(l) | 5.75% | 01/15/2030 | 180 | 194,444 | ||
CSC Holdings LLC(l) | 5.50% | 05/15/2026 | 2,666 | 2,775,972 | ||
Virgin Media Secured Finance PLC (United Kingdom)(l) | 4.50% | 08/15/2030 | 1,018 | 1,068,136 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Cable & Satellite Television–(continued) | ||||||
Virgin Media Secured Finance PLC (United Kingdom)(l) | 5.50% | 08/15/2026 | $ 554 | $ 580,595 | ||
6,979,211 | ||||||
Containers & Glass Products–0.00% | ||||||
Reynolds Group Issuer, Inc./LLC(l) | 5.13% | 07/15/2023 | 7 | 7,089 | ||
Electronics & Electrical–1.77% | ||||||
CommScope, Inc.(l) | 5.50% | 03/01/2024 | 163 | 167,705 | ||
CommScope, Inc.(l) | 6.00% | 03/01/2026 | 2,357 | 2,489,734 | ||
Dell International LLC/EMC Corp.(l) | 6.20% | 07/15/2030 | 777 | 988,314 | ||
Dell International LLC/EMC Corp.(l) | 5.30% | 10/01/2029 | 2,123 | 2,566,422 | ||
Diebold Nixdorf, Inc.(l) | 9.38% | 07/15/2025 | 1,078 | 1,185,126 | ||
Energizer Holdings, Inc.(l) | 4.38% | 03/31/2029 | 528 | 539,590 | ||
Riverbed Technology, Inc.(l) | 8.88% | 03/01/2023 | 663 | 464,100 | ||
8,400,991 | ||||||
Food Service–0.25% | ||||||
1011778 BC ULC/New Red Finance, Inc. (Canada)(l) | 5.75% | 04/15/2025 | 277 | 296,177 | ||
eG Global Finance PLC (United Kingdom)(l) | 6.75% | 02/07/2025 | 865 | 896,572 | ||
1,192,749 | ||||||
Health Care–0.07% | ||||||
Global Medical Response, Inc.(l) | 6.50% | 10/01/2025 | 314 | 323,812 | ||
Industrial Equipment–0.77% | ||||||
F-Brasile S.p.A./F-Brasile US LLC, Series XR (Italy)(l) | 7.38% | 08/15/2026 | 2,987 | 2,740,572 | ||
Vertical Holdco GmbH (Germany)(l) | 7.63% | 07/15/2028 | 402 | 431,396 | ||
Vertical US Newco, Inc. (Germany)(l) | 5.25% | 07/15/2027 | 442 | 464,929 | ||
3,636,897 | ||||||
Leisure Goods, Activities & Movies–0.12% | ||||||
AMC Entertainment Holdings, Inc.(l) | 10.50% | 04/15/2025 | 415 | 333,556 | ||
SeaWorld Parks & Entertainment, Inc.(l) | 8.75% | 05/01/2025 | 231 | 248,181 | ||
581,737 | ||||||
Lodging & Casinos–0.81% | ||||||
Caesars Entertainment, Inc.(l) | 6.25% | 07/01/2025 | 1,962 | 2,094,916 | ||
ESH Hospitality, Inc.(l) | 5.25% | 05/01/2025 | 755 | 774,989 | ||
ESH Hospitality, Inc.(l) | 4.63% | 10/01/2027 | 973 | 989,054 | ||
3,858,959 | ||||||
Oil & Gas–0.00% | ||||||
Pacific Drilling S.A.(g)(l) | 8.38% | 10/01/2023 | 48 | 9,570 | ||
Publishing–0.19% | ||||||
Clear Channel Worldwide Holdings, Inc.(l) | 5.13% | 08/15/2027 | 885 | 894,956 | ||
Radio & Television–1.09% | ||||||
Diamond Sports Group LLC/Diamond Sports Finance Co.(l) | 5.38% | 08/15/2026 | 4,272 | 3,318,810 | ||
iHeartCommunications, Inc. | 6.38% | 05/01/2026 | 637 | 675,723 | ||
iHeartCommunications, Inc.(l) | 4.75% | 01/15/2028 | 194 | 196,388 | ||
iHeartCommunications, Inc.(l) | 5.25% | 08/15/2027 | 427 | 438,397 | ||
Nexstar Broadcasting, Inc.(l) | 5.63% | 07/15/2027 | 491 | 524,297 | ||
5,153,615 |
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–1.07% | ||||||
Avaya, Inc.(l) | 6.13% | 09/15/2028 | $ 1,181 | $ 1,248,907 | ||
Cablevision Lightpath LLC(l) | 3.88% | 09/15/2027 | 180 | 182,223 | ||
CenturyLink, Inc.(l) | 4.00% | 02/15/2027 | 415 | 429,575 | ||
Connect Finco S.a.r.l./Connect US Finco LLC (United Kingdom)(l) | 6.75% | 10/01/2026 | 341 | 353,907 | ||
Consolidated Communications, Inc.(l) | 6.50% | 10/01/2028 | 276 | 299,579 | ||
Frontier Communications Corp.(l) | 5.88% | 10/15/2027 | 395 | 415,984 | ||
Goodman Networks, Inc. | 8.00% | 05/11/2022 | 1,869 | 1,046,974 | ||
Radiate Holdco LLC/Radiate Finance, Inc.(l) | 4.50% | 09/15/2026 | 81 | 84,443 | ||
Windstream Escrow LLC/Windstream Escrow Finance Corp.(l) | 7.75% | 08/15/2028 | 1,007 | 1,017,281 | ||
5,078,873 | ||||||
Utilities–0.14% | ||||||
Calpine Corp.(l) | 4.50% | 02/15/2028 | 165 | 170,610 | ||
Calpine Corp.(l) | 5.25% | 06/01/2026 | 402 | 417,095 | ||
Vistra Operations Co. LLC(l) | 4.30% | 07/15/2029 | 49 | 54,894 | ||
642,599 | ||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $54,385,434) | 53,811,096 | |||||
Shares | ||||||
Common Stocks & Other Equity Interests–6.01%(m) | ||||||
Aerospace & Defense–1.25% | ||||||
IAP Worldwide Services, Inc.(e)(n) | 342 | 5,954,481 | ||||
Automotive–0.09% | ||||||
ThermaSys Corp.(n) | 676,996 | 152,324 | ||||
Transtar Holding Co., Class A(n) | 2,935,894 | 264,230 | ||||
416,554 | ||||||
Building & Development–0.02% | ||||||
Five Point Holdings LLC, Class A(n) | 19,250 | 108,570 | ||||
Lake at Las Vegas Joint Venture LLC, Class A(e)(n) | 780 | 0 | ||||
Lake at Las Vegas Joint Venture LLC, Class B(e)(n) | 9 | 0 | ||||
108,570 | ||||||
Business Equipment & Services–0.16% | ||||||
Checkout Holding Corp.(n) | 6,741 | 5,056 | ||||
Crossmark Holdings, Inc.(e)(n) | 4,048 | 741,497 | ||||
Crossmark Holdings, Inc., Wts., expiring 07/26/2024(e)(n) | 744 | 0 | ||||
746,553 | ||||||
Conglomerates–0.00% | ||||||
Euramax International, Inc.(e)(n) | 3,272 | 0 | ||||
Drugs–0.03% | ||||||
Envigo RMS Holding Corp., Class B(e)(n) | 18,639 | 128,236 | ||||
Financial Intermediaries–0.00% | ||||||
RJO Holdings Corp.(e)(n) | 2,851 | 2,851 | ||||
RJO Holdings Corp., Class A(e)(n) | 2,314 | 2,315 | ||||
RJO Holdings Corp., Class B(e)(n) | 3,000 | 30 | ||||
5,196 | ||||||
Health Care–0.00% | ||||||
New Millennium Holdco(e)(n) | 136,135 | 0 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Shares | Value | ||||
Leisure Goods, Activities & Movies–0.21% | |||||
USF S&H Holdco LLC(e) | 1,697 | $ 1,000,429 | |||
Lodging & Casinos–0.80% | |||||
Bally’s Corp. | 72,757 | 3,232,593 | |||
Caesars Entertainment, Inc.(n) | 8,413 | 573,094 | |||
3,805,687 | |||||
Oil & Gas–0.28% | |||||
AF Global, Inc.(n) | 498 | 4,980 | |||
Fieldwood Energy LLC(n) | 18,762 | 0 | |||
Fieldwood Energy LLC(n) | 5,065 | 0 | |||
HGIM Corp.(n) | 2,553 | 957 | |||
HGIM Corp., Wts. expiring 07/02/2043(n) | 11,411 | 4,279 | |||
McDermott International Ltd.(n) | 210,471 | 233,623 | |||
NexTier Oilfield Solutions, Inc.(n) | 44,006 | 123,217 | |||
Pacific Drilling S.A.(g)(n) | 1 | 0 | |||
Paragon Offshore Finance Co., Class A(g)(n) | 2,645 | 794 | |||
Paragon Offshore Finance Co., Class B(g)(n) | 1,323 | 9,261 | |||
Samson Investment Co., Class A(n) | 84,254 | 273,826 | |||
Southcross Energy Partners L.P.(n) | 46,172 | 6,464 | |||
Transocean Ltd.(n) | 191,873 | 354,965 | |||
Tribune Resources, Inc.(n) | 382,888 | 306,310 | |||
Tribune Resources, Inc., Wts., expiring 04/03/2023(n) | 99,132 | 2,973 | |||
1,321,649 | |||||
Publishing–1.60% | |||||
Clear Channel Outdoor Holdings, Inc.(n) | 264,909 | 400,013 | |||
F&W Publications, Inc.(e)(n) | 18,385 | 0 | |||
MC Communications LLC(e)(n) | 739,818 | 0 | |||
Merrill Communications LLC, Class A(n) | 326,686 | 7,187,092 | |||
7,587,105 | |||||
Radio & Television–0.24% | |||||
iHeartMedia, Inc., Class A(n) | 19,360 | 231,449 | |||
iHeartMedia, Inc., Class B | 17 | 130 | |||
iHeartMedia, Inc., Wts., expiring 05/01/2039 | 93,283 | 909,509 | |||
1,141,088 | |||||
Retailers (except Food & Drug)–0.08% | |||||
Claire’s Stores, Inc. | 446 | 105,925 | |||
Fullbeauty Brands Holdings Corp.(n) | 2,311 | 5,315 | |||
Payless, Inc., Class A(e)(n) | 82,769 | 829 | |||
Toys ’R’ Us-Delaware, Inc.(n) | 16 | 435 | |||
Toys ’R’ Us-Delaware, Inc.(n) | 17 | 41,828 | |||
Vivarte S.A.S.(e)(n) | 233,415 | 241,398 | |||
395,730 | |||||
Surface Transport–0.30% | |||||
Commercial Barge Line Co.(n) | 4,992 | 202,176 | |||
Commercial Barge Line Co., Series A, Wts., expiring 04/27/2045(n) | 19,526 | 468,624 | |||
Commercial Barge Line Co., Series B, Wts., expiring 04/27/2045(n) | 15,443 | 513,480 | |||
Commercial Barge Line Co., Wts., expiring 04/27/2045(n) | 5,248 | 212,544 | |||
Commercial Barge Line Co., Wts., expiring 04/30/2045(n) | 15,443 | 6,542 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Shares | Value | ||||
Surface Transport–(continued) | |||||
Commercial Barge Line Co., Wts., expiring 08/18/2030(n) | 19,526 | $ 6,203 | |||
1,409,569 | |||||
Telecommunications–0.00% | |||||
Goodman Networks, Inc.(e)(n) | 117,618 | 0 | |||
Utilities–0.95% | |||||
Vistra Corp. | 219,648 | 4,103,024 | |||
Vistra Operations Co. LLC(e)(n) | 527,664 | 0 | |||
Vistra Operations Co. LLC, Rts. expiring 12/31/2046(n) | 357,798 | 402,702 | |||
4,505,726 | |||||
Total Common Stocks & Other Equity Interests (Cost $48,303,545) | 28,526,573 | ||||
Interest Rate | Maturity Date | Principal Amount (000)(a) | |||
Non-U.S. Dollar Denominated Bonds & Notes–2.00% | |||||
Automotive–0.16% | |||||
Tenneco, Inc. (3 mo. EURIBOR + 4.88%)(l)(o) | 4.88% | 04/15/2024 | EUR | 641 | 767,232 |
Building & Development–0.06% | |||||
Haya Real Estate S.A. (Spain) (3 mo. EURIBOR + 5.13%)(l)(o) | 5.13% | 11/15/2022 | EUR | 100 | 101,392 |
Haya Real Estate S.A. (Spain)(l) | 5.25% | 11/15/2022 | EUR | 198 | 198,999 |
300,391 | |||||
Cable & Satellite Television–0.25% | |||||
Altice Financing S.A. (Luxembourg)(l) | 3.00% | 01/15/2028 | EUR | 260 | 299,081 |
Altice Finco S.A. (Luxembourg)(l) | 4.75% | 01/15/2028 | EUR | 756 | 863,452 |
1,162,533 | |||||
Electronics & Electrical–0.04% | |||||
Centurion Bidco S.p.A. (Italy)(l) | 5.88% | 09/30/2026 | EUR | 148 | 180,439 |
Financial Intermediaries–0.76% | |||||
AnaCap Financial Europe S.A. SICAV-RAIF (Luxembourg) (3 mo. EURIBOR + 5.00%)(l)(o) | 5.00% | 08/01/2024 | EUR | 200 | 197,805 |
Cabot Financial Luxembourg II S.A. (United Kingdom) (3 mo. EURIBOR + 6.38%)(l)(o) | 6.38% | 06/14/2024 | EUR | 298 | 363,228 |
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%)(l)(o) | 6.25% | 05/01/2026 | EUR | 632 | 756,784 |
Garfunkelux Holdco 3 S.A. (Luxembourg)(l) | 6.75% | 11/01/2025 | EUR | 909 | 1,119,391 |
Newday Bondco PLC (Jersey)(l) | 7.38% | 02/01/2024 | GBP | 261 | 320,116 |
Newday Bondco PLC (Jersey) (3 mo. GBP LIBOR + 6.50%)(l)(o) | 6.54% | 02/01/2023 | GBP | 691 | 849,122 |
3,606,446 | |||||
Home Furnishings–0.55% | |||||
Very Group Funding PLC (The) (United Kingdom)(l) | 7.75% | 11/15/2022 | GBP | 1,952 | 2,632,171 |
Leisure Goods, Activities & Movies–0.03% | |||||
Marcolin S.p.A. (Italy) (3 mo. EURIBOR + 4.13%)(l)(o) | 4.13% | 02/15/2023 | EUR | 118 | 130,916 |
Lodging & Casinos–0.15% | |||||
TVL Finance PLC (United Kingdom) (3 mo. GBP LIBOR + 5.38%)(l)(o) | 5.38% | 07/15/2025 | GBP | 628 | 730,264 |
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $9,342,128) | 9,510,392 | ||||
Asset-Backed Securities–0.50% | |||||
Structured Products–0.50% | |||||
Avoca CLO XVII DAC, Series 17A, Class E-R (Netherlands) (3 mo. EURIBOR + 6.38%)(l)(o) | 6.38% | 10/15/2032 | EUR | 342 | 399,690 |
Clontarf Park CLO DAC, Series 2017-1A, Class D (Ireland) (3 mo. EURIBOR + 5.10%)(l)(o) | 5.10% | 08/05/2030 | EUR | 136 | 156,540 |
CVC Cordatus Loan Fund XVIII DAC, Series 18A, Class E (Ireland) (3 mo. EURIBOR + 5.83%)(l)(o) | 1.00% | 04/29/2034 | EUR | 355 | 411,747 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | ||
Structured Products–(continued) | |||||
NewStar Berkeley Fund CLO LLC, Series 2016-1A, Class DR (3 mo. USD LIBOR + 4.75%)(l)(o) | 4.96% | 10/25/2028 | $ 1,220 | $ 1,220,007 | |
OCP Euro CLO DAC, Series 2017-2, Class E (Ireland) (3 mo. EURIBOR + 5.00%)(l)(o) | 5.00% | 01/15/2032 | EUR | 153 | 172,768 |
Total Asset-Backed Securities (Cost $2,312,562) | 2,360,752 | ||||
Shares | |||||
Preferred Stocks–0.34%(m) | |||||
Automotive–0.02% | |||||
ThermaSys Corp., Series A | 144,220 | 92,662 | |||
Financial Intermediaries–0.00% | |||||
RJO Holdings Corp., Series A-2(e) | 584 | 5,840 | |||
Oil & Gas–0.06% | |||||
Southcross Energy Partners L.P., Series A, Pfd. | 292,193 | 170,933 | |||
Southcross Energy Partners L.P., Series B, Pfd. | 84,193 | 119,975 | |||
290,908 | |||||
Surface Transport–0.26% | |||||
Commercial Barge Line Co., Series A, Pfd. | 18,575 | 506,169 | |||
Commercial Barge Line Co., Series B, Pfd. | 21,989 | 731,134 | |||
1,237,303 | |||||
Telecommunications–0.00% | |||||
Goodman Networks, Inc., Series A-1, Pfd.(e) | 139,938 | 0 | |||
Total Preferred Stocks (Cost $1,888,555) | 1,626,713 | ||||
TOTAL INVESTMENTS IN SECURITIES(p)–121.54% (Cost $618,925,782) | 576,471,290 | ||||
BORROWINGS–(17.39)% | (82,500,000) | ||||
OTHER ASSETS LESS LIABILITIES–(4.15)% | (19,671,119) | ||||
NET ASSETS–100.00% | $474,300,171 |
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 |
Jr. | – Junior |
LIBOR | – London Interbank Offered Rate |
LOC | – Letter of Credit |
Pfd. | – Preferred |
PIK | – Pay-in-Kind |
REIT | – Real Estate Investment Trust |
Rts. | – Rights |
USD | – U.S. Dollar |
Wts. | – Warrants |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
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 November 30, 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) | The borrower has filed for protection in federal bankruptcy court. |
(h) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
(i) | Restricted security. The value of this security at period end represented less than 1% of the Fund’s Net Assets. |
(j) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2020 was $3,221,212, which represented less than 1% of the Fund’s Net Assets. |
(k) | The issuer is paying less than stated interest, but is not in default on principal because scheduled principal payments have not yet begun. |
(l) | 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, 2020 was $62,574,901, which represented 13.19% of the Fund’s Net Assets. |
(m) | Acquired as part of a bankruptcy restructuring. |
(n) | Non-income producing security. |
(o) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2020. |
(p) | 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 | ||||||
12/15/2020 | Barclays Bank PLC | USD | 1,938,202 | GBP | 1,463,373 | $13,039 |
12/15/2020 | Canadian Imperial Bank of Commerce | USD | 2,016,879 | GBP | 1,522,562 | 13,283 |
01/15/2021 | Canadian Imperial Bank of Commerce | EUR | 441,677 | USD | 530,251 | 2,660 |
12/15/2020 | Citibank, N.A. | USD | 13,786,465 | EUR | 11,661,999 | 129,945 |
12/15/2020 | Morgan Stanley and Co. International PLC | USD | 13,791,014 | EUR | 11,661,999 | 125,397 |
12/15/2020 | Morgan Stanley and Co. International PLC | USD | 2,017,039 | GBP | 1,522,562 | 13,123 |
12/15/2020 | State Street Bank & Trust Co. | USD | 13,881,247 | EUR | 11,737,333 | 125,061 |
Subtotal—Appreciation | 422,508 | |||||
Currency Risk | ||||||
12/15/2020 | Barclays Bank PLC | EUR | 11,687,090 | USD | 13,799,006 | (147,347) |
01/15/2021 | Barclays Bank PLC | GBP | 1,529,921 | USD | 2,027,011 | (13,974) |
12/15/2020 | BNP Paribas S.A. | EUR | 11,687,091 | USD | 13,801,341 | (145,011) |
12/15/2020 | Canadian Imperial Bank of Commerce | GBP | 1,510,059 | USD | 1,975,247 | (38,243) |
01/15/2021 | Canadian Imperial Bank of Commerce | GBP | 1,531,281 | USD | 2,029,083 | (13,717) |
12/15/2020 | Citibank, N.A. | GBP | 1,499,219 | USD | 1,961,011 | (38,026) |
01/15/2021 | Citibank, N.A. | EUR | 11,727,342 | USD | 13,875,921 | (132,581) |
01/15/2021 | Morgan Stanley and Co. International PLC | EUR | 12,021,703 | USD | 14,228,825 | (131,295) |
01/15/2021 | Morgan Stanley and Co. International PLC | GBP | 1,531,281 | USD | 2,029,261 | (13,538) |
12/15/2020 | Royal Bank of Canada | EUR | 11,687,150 | USD | 13,772,056 | (174,368) |
01/15/2021 | Royal Bank of Canada | EUR | 556,447 | USD | 660,545 | (4,140) |
12/15/2020 | State Street Bank & Trust Co. | GBP | 1,499,219 | USD | 1,960,933 | (38,103) |
01/15/2021 | State Street Bank & Trust Co. | EUR | 11,552,308 | USD | 13,677,320 | (122,099) |
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 | |||||
01/15/2021 | UBS AG | GBP | 65,782 | USD | 87,205 | $(551) |
Subtotal—Depreciation | (1,012,993) | |||||
Total Forward Foreign Currency Contracts | $(590,485) |
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
November 30, 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 November 30, 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.
During the nine months ended November 30, 2020, there were transfers from Level 3 to Level 2 of $7,393,641, due to third-party vendor quotations utilizing more than one market quote and from Level 2 to Level 3 of $3,743,487, 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 | $— | $432,828,574 | $47,807,190 | $480,635,764 |
U.S. Dollar Denominated Bonds & Notes | — | 52,426,454 | 1,384,642 | 53,811,096 |
Common Stocks & Other Equity Interests | 9,360,548 | 11,093,959 | 8,072,066 | 28,526,573 |
Non-U.S. Dollar Denominated Bonds & Notes | — | 9,510,392 | — | 9,510,392 |
Asset-Backed Securities | — | 2,360,752 | — | 2,360,752 |
Preferred Stocks | — | 1,620,873 | 5,840 | 1,626,713 |
Total Investments in Securities | 9,360,548 | 509,841,004 | 57,269,738 | 576,471,290 |
Other Investments - Assets* | ||||
Investments Matured | — | — | 756,790 | 756,790 |
Forward Foreign Currency Contracts | — | 422,508 | — | 422,508 |
— | 422,508 | 756,790 | 1,179,298 | |
Other Investments - Liabilities* | ||||
Forward Foreign Currency Contracts | — | (1,012,993) | — | (1,012,993) |
Total Other Investments | — | (590,485) | 756,790 | 166,305 |
Total Investments | $9,360,548 | $509,250,519 | $58,026,528 | $576,637,595 |
* | 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, 2020:
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 11/30/20 | |
Variable Rate Senior Loan Interests | $37,381,845 | $32,817,718 | $(17,061,401) | $105,563 | $(46,765) | $(997,291) | $3,001,162 | $(7,393,641) | $47,807,190 |
Invesco Senior Loan Fund
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 11/30/20 | |
U.S. Dollar Denominated Bonds & Notes | $1,695,694 | $– | $(227,133) | $– | $0 | $(83,919) | $- | $- | $1,384,642 |
Common Stocks & Other Equity Interests | 8,142,105 | 1,717,916 | (3,379,116) | – | (4,981,156) | 5,829,992 | 742,325 | - | 8,072,066 |
Preferred Stocks | 233,604 | – | – | – | – | (227,764) | - | - | 5,840 |
Investments Matured | 593,174 | 190,102 | (201,559) | 24,637 | (13,985) | 164,421 | - | - | 756,790 |
Total | $48,046,422 | $34,725,736 | $(20,869,209) | $130,200 | $(5,041,906) | $4,685,439 | $3,743,487 | $(7,393,641) | $58,026,528 |
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 11/30/20 | Valuation Technique | Unobservable Inputs | Range of Unobservable Inputs | Unobservable Input Used | ||
IAP Worldwide Services, Inc. | $5,954,481 | Enterprise Value | Multiple Last 12 Months Earnings Before Interest, Taxes, Depreciation, and Amortization | N/A N/A | 6x $32.1million | (a) |
(a) | The Fund fair values certain common equity securities using an enterprise value approach, which utilizes a multiple of the company’s last 12 months earnings before interest, taxes, depreciation, and amortization, which is then adjusted for outstanding debt and cash on hand. The Adviser periodically reviews the financial statements and monitors 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