Schedule of Investments
May 31, 2021
(Unaudited)
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Variable Rate Senior Loan Interests–105.69%(b)(c) | ||||||
Aerospace & Defense–5.35% | ||||||
Atlantic Aviation FBO, Inc., Term Loan (3 mo. USD LIBOR + 3.75%) | 3.85% | 12/06/2025 | $ 1,080 | $ 1,080,377 | ||
Brown Group Holding LLC, Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.25% | 04/22/2028 | 901 | 901,167 | ||
CEP IV Investment 16 S.a.r.L (ADB Safegate) (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 10/03/2024 | EUR | 161 | 184,182 | |
Dynasty Acquisition Co., Inc. | ||||||
Term Loan B-1 (1 mo. USD LIBOR + 3.50%) | 3.70% | 04/08/2026 | 1,940 | 1,886,696 | ||
Term Loan B-2 (1 mo. USD LIBOR + 3.50%) | 3.70% | 04/08/2026 | 1,042 | 1,013,458 | ||
Gogo Intermediate Holdings LLC, Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.50% | 04/30/2028 | 839 | 836,987 | ||
Greenrock Finance, Inc., Term Loan B (3 mo. USD LIBOR + 3.50%) | 4.50% | 06/28/2024 | 1,616 | 1,610,154 | ||
IAP Worldwide Services, Inc. | ||||||
Revolver Loan (Acquired 08/05/2014-02/08/2019; Cost $1,946,523)(d)(e)(f) | 0.00% | 07/18/2023 | 1,947 | 1,946,523 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 6.50%) (Acquired 07/18/2014-02/08/2019; Cost $2,091,317)(d)(e) | 8.00% | 07/18/2023 | 2,129 | 2,128,575 | ||
PAE Holdings Corp., Term Loan (1 mo. USD LIBOR + 4.50%) | 5.25% | 10/13/2027 | 764 | 765,732 | ||
Peraton Corp. | ||||||
First Lien Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.50% | 02/01/2028 | 4,392 | 4,408,598 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 8.50% | 02/26/2029 | 1,098 | 1,119,892 | ||
Spirit AeroSystems, Inc., Term Loan B (1 mo. USD LIBOR + 5.25%) | 6.00% | 01/15/2025 | 1,024 | 1,034,732 | ||
TransDigm, Inc. | ||||||
Term Loan E (1 mo. USD LIBOR + 2.25%) | 2.34% | 05/30/2025 | 2,087 | 2,062,315 | ||
Term Loan F (1 mo. USD LIBOR + 2.25%) | 2.34% | 12/09/2025 | 4,035 | 3,987,274 | ||
Term Loan G (1 mo. USD LIBOR + 2.25%) | 2.34% | 08/22/2024 | 271 | 268,412 | ||
Vectra Co., First Lien Term Loan (3 mo. USD LIBOR + 3.25%) | 3.34% | 03/08/2025 | 216 | 213,442 | ||
25,448,516 | ||||||
Air Transport–3.19% | ||||||
AAdvantage Loyalty IP Ltd., Term Loan B (1 mo. USD LIBOR + 4.75%) | 5.50% | 03/15/2028 | 2,202 | 2,272,626 | ||
Avolon TLB Borrower 1 (US) LLC, Term Loan B-4 (1 mo. USD LIBOR + 1.50%) | 2.25% | 02/10/2027 | 773 | 764,796 | ||
eTraveli Group Holding AB (Sweden), Term Loan B-1 (3 mo. EURIBOR + 4.50%) | 4.50% | 08/02/2024 | EUR | 411 | 488,387 | |
JetBlue Airways Corp., Term Loan B (1 mo. USD LIBOR + 5.25%) | 6.25% | 07/01/2024 | 754 | 771,797 | ||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Term Loan (1 mo. USD LIBOR + 5.25%) | 6.25% | 06/21/2027 | 3,202 | 3,422,026 | ||
SkyMiles IP Ltd., Term Loan (3 mo. USD LIBOR + 3.75%) | 4.75% | 10/01/2027 | 4,015 | 4,214,649 | ||
United Airlines, Inc., Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.50% | 05/01/2028 | 3,175 | 3,209,600 | ||
WestJet Airlines Ltd. (Canada), Term Loan B (3 mo. USD LIBOR + 3.00%) | 4.00% | 12/11/2026 | 45 | 44,121 | ||
15,188,002 | ||||||
Automotive–3.20% | ||||||
Adient PLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 3.59% | 03/31/2028 | 435 | 436,299 | ||
American Axle & Manufacturing, Inc., Term Loan B (3 mo. USD LIBOR + 2.25%) | 3.00% | 04/06/2024 | 669 | 668,860 | ||
Autokiniton US Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.00% | 03/31/2028 | 1,352 | 1,363,170 | ||
Garrett Borrowing LLC | ||||||
Term Loan B (1 mo. USD LIBOR + 2.50%) | 5.75% | 08/25/2021 | 1,580 | 1,582,685 | ||
Term Loan B(g) | – | 03/05/2028 | 1,596 | 1,593,429 | ||
Goodyear Tire & Rubber Co. (The), Second Lien Term Loan (3 mo. USD LIBOR + 2.00%) | 2.12% | 03/03/2025 | 365 | 360,886 | ||
Highline Aftermarket Acquisition LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | 5.25% | 10/28/2027 | 1,532 | 1,537,479 | ||
Les Schwab Tire Centers, Term Loan (1 mo. USD LIBOR + 3.50%) | 4.25% | 10/26/2027 | 1,944 | 1,951,213 | ||
Mavis Tire Express Services Corp., Term Loan (3 mo. USD LIBOR + 3.25%) | 3.36% | 03/20/2025 | 889 | 888,210 |
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) | ||||||
Mavis Tire Express Services TopCo L.P., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 05/01/2028 | $ 625 | $ 627,215 | ||
Navistar, Inc., Term Loan B (3 mo. USD LIBOR + 3.50%) | 3.60% | 11/06/2024 | 42 | 42,267 | ||
Project Boost Purchaser LLC, Term Loan C (1 mo. USD LIBOR + 4.25%) | 5.00% | 06/01/2026 | 252 | 252,552 | ||
Superior Industries International, Inc., Term Loan (3 mo. USD LIBOR + 4.00%) | 4.09% | 05/22/2024 | 925 | 923,485 | ||
ThermaSys Corp., Term Loan (1 mo. USD LIBOR + 12.00%)(d) | 12.00% | 06/30/2021 | 4 | 2,997 | ||
TI Group Automotive Systems LLC, Term Loan B (1 mo. USD LIBOR + 3.25%)(d) | 3.75% | 12/16/2026 | 222 | 222,464 | ||
Truck Hero, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 01/20/2028 | 715 | 716,004 | ||
Wand NewCo 3, Inc., Term Loan B-1 (1 mo. USD LIBOR + 3.00%) | 3.09% | 02/05/2026 | 595 | 589,832 | ||
Winter Park Intermediate, Inc., Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.25% | 11/30/2028 | 1,447 | 1,453,461 | ||
15,212,508 | ||||||
Beverage & Tobacco–1.43% | ||||||
AI Aqua Merger Sub, Inc. | ||||||
Delayed Draw Term Loan(g) | – | 12/12/2023 | 1,183 | 1,185,748 | ||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 12/13/2023 | 1,083 | 1,085,636 | ||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 12/13/2023 | 200 | 201,305 | ||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.25%) | 5.25% | 12/13/2023 | 132 | 133,353 | ||
First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.25%) | 4.25% | 12/13/2023 | 1,482 | 1,482,603 | ||
Incremental Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 12/12/2023 | 1,706 | 1,710,877 | ||
Arctic Glacier U.S.A., Inc., Term Loan (3 mo. USD LIBOR + 3.50%) | 4.50% | 03/20/2024 | 292 | 280,379 | ||
City Brewing Co. LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.25% | 03/31/2028 | 724 | 725,447 | ||
6,805,348 | ||||||
Brokers, Dealers & Investment Houses–0.20% | ||||||
Zebra Buyer LLC, First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 3.75% | 04/22/2028 | 941 | 947,828 | ||
Building & Development–2.73% | ||||||
Apcoa Parking Holdings GmbH (Germany) | ||||||
Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 03/20/2024 | EUR | 943 | 1,127,034 | |
Term Loan B-2 (3 mo. EURIBOR + 7.25%) | 7.25% | 03/20/2024 | EUR | 125 | 151,904 | |
Armacell (Neptune BidCo S.a.r.l.) (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 02/03/2027 | EUR | 356 | 431,517 | |
Brookfield Retail Holdings VII Sub 3 LLC | ||||||
Term Loan A-2 (3 mo. USD LIBOR + 3.00%) | 3.09% | 08/28/2023 | 353 | 347,959 | ||
Term Loan B (3 mo. USD LIBOR + 2.50%) | 2.59% | 08/27/2025 | 451 | 437,044 | ||
CRH Europe Distribution (Netherlands), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 10/30/2026 | EUR | 183 | 222,845 | |
Financiere Persea (Proxiserve) (France), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 03/26/2026 | EUR | 170 | 208,313 | |
LBM Holdings LLC | ||||||
Delayed Draw Term Loan(f) | 0.00% | 12/08/2027 | 58 | 57,671 | ||
Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 12/08/2027 | 180 | 180,197 | ||
Quikrete Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 2.50%) | 2.59% | 02/01/2027 | 850 | 845,401 | ||
Re/Max LLC, Term Loan (3 mo. USD LIBOR + 2.75%) | 3.50% | 12/15/2023 | 2,262 | 2,262,214 | ||
TAMKO Building Products LLC, Term Loan (1 mo. USD LIBOR + 3.00%)(d) | 3.19% | 05/29/2026 | 168 | 167,884 | ||
Werner FinCo L.P., Term Loan (3 mo. USD LIBOR + 4.00%)(d) | 5.00% | 07/24/2024 | 922 | 925,860 | ||
White Cap Buyer LLC, Term Loan (1 mo. USD LIBOR + 4.00%) | 4.50% | 10/31/2027 | 2,052 | 2,057,890 | ||
Xella (Luxembourg), Term Loan B-4 (3 mo. EURIBOR + 4.25%) | 4.25% | 03/30/2028 | EUR | 2,950 | 3,582,031 | |
13,005,764 | ||||||
Business Equipment & Services–13.88% | ||||||
Adevinta ASA (Norway), Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.75% | 10/22/2027 | 498 | 499,757 | ||
Aegion Corp., Term Loan B (1 mo. USD LIBOR + 4.75%)(d) | 5.50% | 03/31/2028 | 491 | 494,239 | ||
Allied Universal Holdco LLC | ||||||
Term Loan (1 mo. USD LIBOR + 3.75%) | 4.25% | 05/05/2028 | 484 | 486,175 | ||
Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 05/05/2028 | EUR | 297 | 361,863 |
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) | |||||
Atlas CC Acquisition Corp. | |||||
Term Loan B(g) | – | 05/01/2028 | $ 977 | $ 977,234 | |
Term Loan C (1 mo. USD LIBOR + 4.25%) | 6.00% | 05/01/2028 | 199 | 198,759 | |
AutoScout24 (Speedster Bidco GmbH) (Germany), Term Loan B (3 mo. EURIBOR + 3.00%) | 3.25% | 02/14/2027 | EUR | 790 | 956,995 |
AVS Group GmbH (Germany), Term Loan B-2 (4 mo. EURIBOR + 3.75%) | 3.75% | 09/10/2026 | EUR | 210 | 255,817 |
Blucora, Inc., Term Loan (1 mo. USD LIBOR + 4.00%)(d) | 5.00% | 05/22/2024 | 926 | 930,835 | |
Camelot Finance L.P. | |||||
Incremental Term Loan B (1 mo. USD LIBOR + 3.00%) | 4.00% | 10/30/2026 | 1,407 | 1,411,243 | |
Term Loan (1 mo. USD LIBOR + 3.00%) | 3.09% | 10/30/2026 | 1,150 | 1,148,486 | |
Checkout Holding Corp. | |||||
PIK Term Loan, 9.50% PIK Rate, 2.00% Cash Rate (Acquired 02/15/2019-05/26/2021; Cost $512,085)(e)(h) | 9.50% | 08/15/2023 | 513 | 269,517 | |
Term Loan (3 mo. USD LIBOR + 7.50%) (Acquired 02/15/2019-11/12/2020; Cost $331,734)(e) | 8.50% | 02/15/2023 | 350 | 331,691 | |
Cimpress USA, Inc. | |||||
Term Loan B(g) | – | 04/30/2028 | EUR | 228 | 277,609 |
Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.00% | 04/30/2028 | 775 | 775,854 | |
Ciox, Term Loan (1 mo. USD LIBOR + 5.00%) | 6.00% | 12/16/2025 | 973 | 978,701 | |
Constant Contact | |||||
Delayed Draw Term Loan(f) | 0.00% | 02/10/2028 | 408 | 407,832 | |
Second Lien Term Loan (1 mo. USD LIBOR + 7.50%)(d) | 8.25% | 02/15/2029 | 818 | 810,272 | |
Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 02/10/2028 | 1,518 | 1,518,041 | |
CRCI Longhorn Holdings, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.25%) | 7.35% | 08/08/2026 | 72 | 70,323 | |
Crossmark Holdings, Inc., Term Loan (3 mo. USD LIBOR + 10.00%) (Acquired 07/26/2019-05/18/2021; Cost $353,082)(e) | 11.00% | 07/26/2023 | 354 | 351,545 | |
Dakota Holding Corp. | |||||
First Lien Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.75% | 04/09/2027 | 2,401 | 2,418,752 | |
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%)(d) | 7.50% | 04/07/2028 | 678 | 696,129 | |
Dun & Bradstreet Corp. (The), Term Loan (1 mo. USD LIBOR + 3.25%) | 3.34% | 02/06/2026 | 426 | 424,777 | |
Ensono, L.P., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 05/19/2028 | 1,162 | 1,162,196 | |
Garda World Security Corp. (Canada), Term Loan (1 mo. USD LIBOR + 4.25%) | 4.35% | 10/30/2026 | 765 | 768,231 | |
GI Revelation Acquisition LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 4.50% | 04/30/2028 | 1,752 | 1,740,558 | |
GlobalLogic Holdings, Inc., Term Loan B-2 (1 mo. USD LIBOR + 3.75%) | 4.50% | 09/14/2027 | 516 | 518,484 | |
Holding Socotec (France), Term Loan B (1 mo. USD LIBOR + 4.25%)(d) | 5.00% | 05/07/2028 | 530 | 529,717 | |
I-Logic Technologies Bidco Ltd. (United Kingdom), First Lien Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 10/31/2027 | EUR | 154 | 188,459 |
INDIGOCYAN Midco Ltd. (Jersey), Term Loan B (3 mo. GBP LIBOR + 5.00%) | 5.08% | 06/23/2024 | GBP | 865 | 1,190,102 |
ION Trading Technologies S.a.r.l. (Luxembourg) | |||||
Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 03/31/2028 | EUR | 441 | 538,588 |
Term Loan B (1 mo. USD LIBOR + 4.75%) | 4.95% | 03/31/2028 | 989 | 993,414 | |
KAR Auction Services, Inc., Term Loan B-6 (1 mo. USD LIBOR + 2.25%) | 2.38% | 09/15/2026 | 1,216 | 1,193,517 | |
Karman Buyer Corp., Term Loan B (1 mo. USD LIBOR + 5.25%) | 6.00% | 10/31/2027 | 2,112 | 2,130,687 | |
Monitronics International, Inc. | |||||
First Lien Term Loan (1 mo. USD LIBOR + 6.50%) | 7.75% | 03/29/2024 | 5,156 | 5,035,572 | |
Term Loan (1 mo. USD LIBOR + 5.00%) | 6.50% | 08/30/2024 | 3,005 | 3,024,776 | |
My Alarm Center LLC, Revolver Loan(d)(i) | 0.00% | 07/14/2022 | 3,796 | 2,334,513 | |
NAS, LLC | |||||
Revolver Loan(d)(f) | 0.00% | 06/01/2024 | 514 | 505,893 | |
Term Loan (1 mo. USD LIBOR + 6.50%)(d) | 7.50% | 06/01/2024 | 5,068 | 4,992,210 | |
NielsenIQ, Inc. | |||||
Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.11% | 02/05/2028 | 1,293 | 1,298,473 | |
Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 03/06/2028 | EUR | 376 | 459,458 |
OCM System One Buyer CTB LLC, Term Loan B (1 mo. USD LIBOR + 4.50%)(d) | 5.25% | 02/28/2028 | 661 | 665,625 | |
Outfront Media Capital LLC, Term Loan (1 mo. USD LIBOR + 1.75%) | 1.84% | 11/18/2026 | 1,556 | 1,530,347 |
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) | ||||||
Prime Security Services Borrower LLC, Term Loan B-1 (1 mo. USD LIBOR + 2.75%) | 3.50% | 09/23/2026 | $ 2,622 | $ 2,624,795 | ||
Prometric Holdings, Inc., Term Loan (3 mo. USD LIBOR + 3.00%) | 4.00% | 01/29/2025 | 193 | 190,116 | ||
Protect America | ||||||
Revolver Loan(d)(f) | 0.00% | 09/01/2024 | 132 | 120,947 | ||
Revolver Loan (1 mo. USD LIBOR + 3.00%)(d) | 3.00% | 09/01/2024 | 2,143 | 1,965,677 | ||
Red Ventures LLC (New Imagitas, Inc.), Term Loan B-3 (1 mo. USD LIBOR + 3.50%) | 4.25% | 11/08/2024 | 884 | 885,252 | ||
Spin Holdco Inc., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 03/04/2028 | 4,148 | 4,148,106 | ||
Sportradar Capital (Switzerland), Term Loan (3 mo. EURIBOR + 4.25%) | 4.25% | 11/22/2027 | EUR | 233 | 285,265 | |
team.blue (Netherlands) | ||||||
Delayed Draw Term Loan B(f) | 0.00% | 03/18/2028 | EUR | 30 | 36,976 | |
Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 03/18/2028 | EUR | 1,094 | 1,330,262 | |
Tech Data Corp., Term Loan (1 mo. USD LIBOR + 3.50%) | 3.59% | 06/30/2025 | 1,783 | 1,789,530 | ||
UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 5.75%)(d) | 5.94% | 03/20/2027 | 538 | 537,899 | ||
Ventia Deco LLC, Term Loan B (1 mo. USD LIBOR + 4.00%) | 5.00% | 05/21/2026 | 1,920 | 1,929,453 | ||
Verra Mobility Corp. | ||||||
Term Loan B (1 mo. USD LIBOR + 3.25%) | 3.45% | 03/19/2028 | 156 | 155,684 | ||
Term Loan B-1 (1 mo. USD LIBOR + 3.25%)(d) | 3.36% | 02/28/2025 | 824 | 822,895 | ||
Virtusa Corp., Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.00% | 02/11/2027 | 574 | 577,323 | ||
West Corp., Term Loan B (3 mo. USD LIBOR + 4.00%) | 5.00% | 10/10/2024 | 831 | 810,947 | ||
66,064,393 | ||||||
Cable & Satellite Television–1.56% | ||||||
Altice Financing S.A. (Luxembourg) | ||||||
Term Loan (3 mo. USD LIBOR + 2.75%) | 2.93% | 07/15/2025 | 415 | 409,861 | ||
Term Loan (3 mo. USD LIBOR + 2.75%) | 2.95% | 01/31/2026 | 167 | 164,495 | ||
CSC Holdings LLC | ||||||
Incremental Term Loan (3 mo. USD LIBOR + 2.25%) | 2.35% | 01/15/2026 | 336 | 332,755 | ||
Term Loan (3 mo. USD LIBOR + 2.25%) | 2.35% | 07/17/2025 | 803 | 795,854 | ||
Numericable-SFR S.A. (France), Incremental Term Loan B-13 (3 mo. USD LIBOR + 4.00%) | 4.15% | 08/14/2026 | 382 | 381,994 | ||
Telenet Financing USD LLC, Term Loan AR (6 mo. USD LIBOR + 2.00%) | 2.10% | 04/15/2028 | 129 | 127,597 | ||
UPC Financing Partnership | ||||||
Term Loan AT (1 mo. USD LIBOR + 2.25%) | 2.35% | 04/30/2028 | 255 | 253,034 | ||
Term Loan AX (1 mo. USD LIBOR + 3.00%) | 3.10% | 01/31/2029 | 2,832 | 2,822,057 | ||
Virgin Media Bristol LLC (United Kingdom), Term Loan(g) | – | 01/15/2029 | 1,999 | 2,001,042 | ||
Ziggo Secured Finance Partnership, Term Loan I (1 mo. USD LIBOR + 2.50%) | 2.60% | 04/15/2028 | 136 | 135,339 | ||
7,424,028 | ||||||
Chemicals & Plastics–5.07% | ||||||
AI PLEX AcquiCo GmbH (Germany), Term Loan (3 mo. EURIBOR + 4.50%) | 4.50% | 07/31/2026 | EUR | 280 | 342,889 | |
Aruba Investments, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 4.75% | 11/24/2027 | 614 | 617,523 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 8.50% | 11/24/2028 | 815 | 823,310 | ||
Ascend Performance Materials Operations LLC, Term Loan (1 mo. USD LIBOR + 4.75%) | 5.50% | 08/27/2026 | 2,405 | 2,444,110 | ||
BASF Construction Chemicals (Germany), Term Loan B (1 mo. USD LIBOR + 3.50%)(d) | 4.50% | 09/30/2027 | 486 | 488,408 | ||
BCPE Max Dutch Bidco B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 10/31/2025 | EUR | 124 | 151,379 | |
Charter NEX US, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.25%) | 5.00% | 12/01/2027 | 827 | 831,736 | ||
Colouroz Investment LLC (Germany) | ||||||
First Lien Term Loan B-4 (3 mo. EURIBOR + 4.25%) | 5.00% | 09/21/2023 | EUR | 7 | 8,960 | |
First Lien Term Loan B-5 (3 mo. EURIBOR + 4.25%) | 5.00% | 09/21/2023 | EUR | 9 | 11,192 | |
PIK First Lien Term Loan B-2, 0.75% PIK Rate, 5.25% Cash Rate(h) | 0.75% | 09/21/2023 | 1,590 | 1,574,808 | ||
PIK First Lien Term Loan C, 0.75% PIK Rate, 5.25% Cash Rate(h) | 0.75% | 09/21/2023 | 254 | 251,107 | ||
PIK First Lien Term Loan, 0.75% PIK Rate, 5.00% Cash Rate(h) | 0.75% | 09/21/2023 | EUR | 222 | 267,797 | |
PIK Second Lien Term Loan B-2, 5.75% PIK Rate, 5.25% Cash Rate(h) | 5.75% | 09/05/2022 | 18 | 15,856 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Chemicals & Plastics–(continued) | ||||||
Emerald Performance Materials LLC, Term Loan B (1 mo. USD LIBOR + 4.00%) | 5.00% | 08/11/2025 | $ 244 | $ 244,526 | ||
Fusion, Term Loan(d) | 7.50% | 01/07/2026 | 882 | 903,798 | ||
Gemini HDPE LLC, Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.50% | 12/11/2027 | 803 | 803,447 | ||
Hexion International Holdings B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 06/26/2026 | EUR | 173 | 211,992 | |
ICP Group Holdings LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 01/14/2028 | 914 | 912,801 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 8.50% | 01/14/2029 | 146 | 147,373 | ||
Ineos Quattro Holdings Ltd. (United Kingdom), Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.25% | 01/21/2026 | 1,532 | 1,528,975 | ||
Invictus US NewCo LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 3.00%) | 3.11% | 03/28/2025 | 882 | 877,466 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 6.75%) | 6.84% | 03/30/2026 | 606 | 606,827 | ||
Kersia International S.A.S. (Belgium), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 11/30/2027 | EUR | 187 | 229,160 | |
KPEX Holdings, Inc. | ||||||
Second Lien Term Loan (3 mo. USD LIBOR + 7.00%) | 8.00% | 01/31/2026 | 149 | 137,100 | ||
Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 01/31/2025 | 338 | 325,662 | ||
Lonza Solutions (Switzerland) | ||||||
Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 04/28/2028 | EUR | 455 | 553,191 | |
Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 04/28/2028 | 562 | 562,767 | ||
Lummus Technology, Term Loan B (1 mo. USD LIBOR + 3.50%) | 3.59% | 06/30/2027 | 706 | 702,567 | ||
Messer Industries USA, Inc., Term Loan B-1 (3 mo. USD LIBOR + 2.50%) | 2.70% | 03/02/2026 | 1,215 | 1,207,680 | ||
Oxea Corp. | ||||||
Term Loan B-1 (3 mo. EURIBOR + 3.75%) | 3.75% | 10/11/2024 | EUR | 506 | 613,603 | |
Term Loan B-2 (3 mo. USD LIBOR + 3.50%) | 3.63% | 10/14/2024 | 1,292 | 1,288,386 | ||
Perstorp Holding AB (Sweden) | ||||||
Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 02/27/2026 | EUR | 147 | 178,686 | |
Term Loan B (3 mo. USD LIBOR + 4.75%) | 4.95% | 02/27/2026 | 404 | 394,289 | ||
Potters Industries LLC, Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.20% | 12/14/2027 | 433 | 435,346 | ||
PQ Corp. | ||||||
Term Loan B (1 mo. USD LIBOR + 3.00%) | 4.00% | 02/07/2027 | 802 | 802,821 | ||
Term Loan B-1 (3 mo. USD LIBOR + 2.25%) | 2.44% | 02/07/2027 | 211 | 210,549 | ||
PQ Performance Chemicals, Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.25% | 04/30/2028 | 795 | 797,490 | ||
Proampac PG Borrower LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.00% | 11/03/2025 | 720 | 721,141 | ||
Starfruit US Holdco LLC, Term Loan (3 mo. USD LIBOR + 2.75%) | 2.85% | 10/01/2025 | 915 | 908,716 | ||
24,135,434 | ||||||
Clothing & Textiles–1.15% | ||||||
BK LC Lux SPV S.a.r.l. | ||||||
Term Loan B(g) | – | 04/27/2028 | EUR | 235 | 287,020 | |
Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.25% | 04/27/2028 | 815 | 816,329 | ||
Gloves Buyer, Inc., Term Loan (1 mo. USD LIBOR + 4.00%) | 4.75% | 01/20/2028 | 564 | 563,715 | ||
International Textile Group, Inc., First Lien Term Loan (3 mo. USD LIBOR + 5.00%) | 5.26% | 05/01/2024 | 219 | 209,949 | ||
Kontoor Brands, Inc., Term Loan B (3 mo. USD LIBOR + 4.25%)(d) | 4.34% | 05/17/2026 | 211 | 212,195 | ||
Mascot Bidco OYJ (Finland), Term Loan B (3 mo. EURIBOR + 4.50%) | 4.50% | 03/30/2026 | EUR | 772 | 941,155 | |
Tumi, Inc., Incremental Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.50% | 04/25/2025 | 2,405 | 2,422,625 | ||
5,452,988 | ||||||
Conglomerates–0.28% | ||||||
Safe Fleet Holdings LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 3.00%) | 4.00% | 02/03/2025 | 895 | 888,743 | ||
First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.75%) | 4.75% | 02/03/2025 | 258 | 257,089 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 6.75%) | 7.75% | 02/02/2026 | 192 | 187,604 | ||
1,333,436 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Containers & Glass Products–2.71% | ||||||
Berlin Packaging LLC | ||||||
Term Loan (3 mo. USD LIBOR + 3.00%) | 3.21% | 11/07/2025 | $ 79 | $ 78,488 | ||
Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | 3.26% | 11/07/2025 | 646 | 641,414 | ||
Consolidated Container Co. LLC, Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.25% | 01/29/2028 | 880 | 875,627 | ||
Duran Group (Germany), Term Loan B-2 (3 mo. USD LIBOR + 4.25%) | 5.00% | 03/29/2024 | 2,582 | 2,566,163 | ||
Fort Dearborn Holding Co., Inc. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 4.08% | 10/19/2023 | 514 | 516,448 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 8.69% | 10/21/2024 | 166 | 165,584 | ||
Graham Packaging Co., Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 3.75% | 08/04/2027 | 359 | 359,773 | ||
Hoffmaster Group, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 4.00%) | 5.00% | 11/21/2023 | 2,108 | 2,022,815 | ||
Keter Group B.V. (Netherlands) | ||||||
Term Loan B-1 (3 mo. EURIBOR + 4.25%) | 5.25% | 10/31/2023 | EUR | 1,131 | 1,376,234 | |
Term Loan B-3 (3 mo. EURIBOR + 4.25%) | 5.25% | 10/31/2023 | EUR | 732 | 890,618 | |
Klockner Pentaplast of America, Inc. | ||||||
Term Loan B (1 mo. USD LIBOR + 4.75%) | 5.25% | 02/12/2026 | 338 | 337,537 | ||
Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 03/01/2026 | EUR | 313 | 378,882 | |
Libbey Glass, Inc., PIK Term Loan, 6.00% PIK Rate, 5.00% Cash Rate (Acquired 11/13/2020-05/13/2021; Cost $654,293)(e)(h) | 6.00% | 11/12/2025 | 719 | 714,659 | ||
Logoplaste (Portugal) | ||||||
Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 04/21/2028 | EUR | 231 | 281,032 | |
Term Loan B (1 mo. USD LIBOR + 4.25%)(d) | 4.75% | 04/21/2028 | 423 | 424,461 | ||
Pretium PKG Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 10/14/2027 | 599 | 601,519 | ||
Reynolds Group Holdings, Inc., Term Loan B-2 (1 mo. USD LIBOR + 3.25%) | 3.34% | 02/16/2026 | 480 | 476,532 | ||
Trident TPI Holdings, Inc., Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | 4.00% | 10/17/2024 | 194 | 193,968 | ||
12,901,754 | ||||||
Cosmetics & Toiletries–1.69% | ||||||
Alphabet Holding Co., Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.75%) | 7.84% | 09/26/2025 | 648 | 653,216 | ||
Anastasia Parent LLC, Term Loan (3 mo. USD LIBOR + 3.75%) | 3.95% | 08/11/2025 | 465 | 337,241 | ||
Coty, Inc., Term Loan B (3 mo. USD LIBOR + 2.25%) | 2.35% | 04/05/2025 | 3,230 | 3,132,733 | ||
Domtar Personal Care, Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.00% | 02/18/2028 | 852 | 855,411 | ||
IRIS Bidco GmbH (Germany), Term Loan B (3 mo. EURIBOR + 5.00%) | 5.00% | 05/25/2028 | EUR | 650 | 771,147 | |
KDC/One (Canada), Term Loan (3 mo. EURIBOR + 5.00%) | 5.00% | 12/22/2025 | EUR | 107 | 131,076 | |
Parfums Holding Co., Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 4.09% | 06/30/2024 | 572 | 570,760 | ||
Rodenstock GmbH (Germany), Term Loan B (3 mo. EURIBOR + 5.25%) | 5.25% | 06/05/2026 | EUR | 1,307 | 1,597,491 | |
8,049,075 | ||||||
Drugs–0.59% | ||||||
Endo LLC, Term Loan (1 mo. USD LIBOR + 5.00%) | 5.75% | 03/10/2028 | 1,889 | 1,849,894 | ||
Grifols Worldwide Operations USA, Inc., Term Loan B (1 mo. USD LIBOR + 2.00%) | 2.06% | 11/15/2027 | 5 | 5,036 | ||
Valeant Pharmaceuticals International, Inc. (Canada) | ||||||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 2.75%) | 2.84% | 11/27/2025 | 482 | 479,390 | ||
Term Loan (3 mo. USD LIBOR + 3.00%) | 3.09% | 06/02/2025 | 464 | 462,870 | ||
2,797,190 | ||||||
Ecological Services & Equipment–0.62% | ||||||
EnergySolutions LLC, Term Loan (3 mo. USD LIBOR + 3.75%) | 4.75% | 05/11/2025 | 653 | 650,413 | ||
GFL Environmental, Inc. (Canada), Incremental Term Loan (1 mo. USD LIBOR + 3.00%) | 3.50% | 05/30/2025 | 528 | 529,569 | ||
Patriot Container Corp. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 3.75%) | 4.75% | 03/20/2025 | 845 | 838,226 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 7.75%) | 8.75% | 03/20/2026 | 105 | 96,699 | ||
TruGreen L.P., Second Lien Term Loan (1 mo. USD LIBOR + 7.50%)(d) | 9.25% | 11/02/2028 | 827 | 849,952 | ||
2,964,859 |
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–12.01% | |||||
Barracuda Networks, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.50% | 10/30/2028 | $ 111 | $ 113,659 | |
Boxer Parent Co., Inc., Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 10/02/2025 | EUR | 186 | 227,346 |
Brave Parent Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 4.09% | 04/18/2025 | 345 | 345,715 | |
Cambium Learning Group, Inc., Incremental Term Loan (1 mo. USD LIBOR + 4.50%) | 5.25% | 12/18/2025 | 547 | 550,004 | |
CDK Int (Concorde Lux) (Luxembourg), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 02/19/2028 | EUR | 161 | 197,002 |
CommerceHub, Inc., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 01/01/2028 | 724 | 727,240 | |
CommScope, Inc., Term Loan (3 mo. USD LIBOR + 3.25%) | 3.34% | 04/06/2026 | 513 | 512,438 | |
Dedalus Finance GmbH (Germany), Term Loan (3 mo. EURIBOR + 4.50%) | 4.50% | 07/16/2027 | EUR | 249 | 304,626 |
Delta Topco, Inc. | |||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 12/01/2027 | 2,209 | 2,216,416 | |
Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 8.00% | 12/01/2028 | 358 | 365,002 | |
Devoteam (Castillon SAS - Bidco) (France), Term Loan B (3 mo. EURIBOR + 4.50%) | 4.50% | 12/09/2027 | EUR | 179 | 218,257 |
Diebold Nixdorf, Inc., Term Loan B (3 mo. USD LIBOR + 2.75%) | 2.88% | 11/06/2023 | 906 | 890,731 | |
E2Open LLC, Term Loan (1 mo. USD LIBOR + 3.50%) | 4.00% | 02/04/2028 | 723 | 723,646 | |
Energizer Holdings, Inc., Term Loan (1 mo. USD LIBOR + 2.25%) | 2.75% | 12/22/2027 | 2 | 2,435 | |
ETA Australia Holdings III Pty. Ltd. (Australia), First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 4.09% | 05/06/2026 | 908 | 902,152 | |
Finastra USA, Inc. (United Kingdom), First Lien Term Loan (3 mo. USD LIBOR + 3.50%) | 4.50% | 06/13/2024 | 477 | 471,838 | |
Forcepoint, Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.00% | 01/07/2028 | 701 | 702,664 | |
Hyland Software, Inc. | |||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 4.25% | 07/01/2024 | 134 | 134,329 | |
Second Lien Term Loan (1 mo. USD LIBOR + 6.25%) | 7.00% | 07/07/2025 | 210 | 211,495 | |
Imperva, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.75%) | 8.75% | 01/11/2027 | 670 | 672,527 | |
Infinite Electronics | |||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 7.50% | 03/02/2029 | 295 | 297,424 | |
Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.25% | 02/24/2028 | 596 | 594,858 | |
ION Corp. | |||||
Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 03/05/2028 | EUR | 318 | 387,950 |
Term Loan B (1 mo. USD LIBOR + 3.75%) | 3.93% | 03/05/2028 | 974 | 976,359 | |
Liftoff Mobile, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.25% | 02/17/2028 | 554 | 554,414 | |
LogMeIn, Term Loan B (1 mo. USD LIBOR + 4.75%) | 4.85% | 08/28/2027 | 3,695 | 3,700,037 | |
Marcel Bidco LLC, Term Loan B (1 mo. USD LIBOR + 4.00%)(d) | 4.75% | 12/31/2027 | 93 | 92,835 | |
Mavenir Systems, Inc., Term Loan (1 mo. USD LIBOR + 6.00%) | 7.00% | 05/08/2025 | 1,818 | 1,822,205 | |
Maverick Bidco, Inc. | |||||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%)(d) | 7.50% | 04/28/2029 | 49 | 49,130 | |
Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.50% | 04/09/2026 | 451 | 451,222 | |
McAfee Enterprise | |||||
Second Lien Term Loan (1 mo. USD LIBOR + 8.25%) | 9.00% | 05/03/2029 | 294 | 292,832 | |
Term Loan B (1 mo. USD LIBOR + 5.00%) | 5.75% | 05/03/2028 | 1,660 | 1,665,474 | |
Micro Holding L.P., Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 09/13/2024 | 1,349 | 1,354,955 | |
Mirion Technologies, Inc., Term Loan (3 mo. USD LIBOR + 4.00%) | 4.20% | 03/06/2026 | 414 | 416,217 | |
Natel Engineering Co., Inc., Term Loan (3 mo. USD LIBOR + 5.00%) | 6.00% | 04/29/2026 | 2,035 | 1,948,485 | |
NCR Corp., Term Loan B (1 mo. USD LIBOR + 2.50%) | 2.69% | 08/28/2026 | 1,516 | 1,502,835 | |
Neustar, Inc. | |||||
Term Loan B-4 (3 mo. USD LIBOR + 3.50%) | 4.50% | 08/08/2024 | 1,661 | 1,613,224 | |
Term Loan B-5 (3 mo. USD LIBOR + 4.50%) | 5.50% | 08/08/2024 | 565 | 550,270 | |
Oberthur Technologies of America Corp. | |||||
Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.25% | 01/09/2026 | 1,157 | 1,152,731 | |
Term Loan B (3 mo. EURIBOR + 4.50%) | 4.50% | 01/09/2026 | EUR | 1,455 | 1,775,929 |
Optiv, Inc. | |||||
Second Lien Term Loan (3 mo. USD LIBOR + 7.25%) | 8.25% | 01/31/2025 | 417 | 408,221 | |
Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 02/01/2024 | 3,416 | 3,367,540 | |
Project Accelerate Parent LLC, First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 5.25% | 01/02/2025 | 1,210 | 1,191,979 |
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) | ||||||
Project Leopard Holdings, Inc. | ||||||
Incremental Term Loan (3 mo. USD LIBOR + 4.75%) | 5.75% | 07/05/2024 | $ 1,569 | $ 1,576,043 | ||
Term Loan (3 mo. USD LIBOR + 4.75%) | 5.75% | 07/05/2024 | 394 | 396,084 | ||
Quest Software US Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 4.44% | 05/16/2025 | 3,534 | 3,544,135 | ||
RealPage, Inc., Term Loan B (1 mo. USD LIBOR + 3.25%) | 3.75% | 02/15/2028 | 1,015 | 1,015,078 | ||
Renaissance Holding Corp., Second Lien Term Loan (3 mo. USD LIBOR + 7.00%) | 7.09% | 05/29/2026 | 359 | 359,867 | ||
Resideo Funding, Inc., Term Loan B (1 mo. USD LIBOR + 2.50%) | 2.75% | 02/08/2028 | 370 | 370,407 | ||
Riverbed Technology, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 6.00%) | 7.00% | 12/31/2025 | 3,509 | 3,349,072 | ||
PIK Second Lien Term Loan, 4.50% PIK Rate, 7.50% Cash Rate(h) | 4.50% | 12/31/2026 | 1,329 | 1,050,801 | ||
Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 04/24/2022 | 251 | 239,352 | ||
Sandvine Corp. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.50%) | 4.59% | 10/31/2025 | 1,378 | 1,376,345 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%) | 8.09% | 11/02/2026 | 190 | 187,789 | ||
SkillSoft Corp., Term Loan (1 mo. USD LIBOR + 7.50%) | 8.50% | 04/27/2025 | 1,678 | 1,679,378 | ||
SmartBear (AQA Acquisition Holdings, Inc), Term Loan B (1 mo. USD LIBOR + 4.25%) | 4.75% | 03/03/2028 | 588 | 590,616 | ||
Ultimate Software Group, Inc. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 3.75%) | 3.84% | 05/04/2026 | 1,909 | 1,913,580 | ||
Incremental Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.00% | 05/01/2026 | 374 | 375,587 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.50% | 05/10/2027 | 68 | 69,681 | ||
Veritas US, Inc. | ||||||
Term Loan B (1 mo. USD LIBOR + 5.00%) | 6.00% | 09/01/2025 | 264 | 266,051 | ||
Term Loan B-1 (3 mo. EURIBOR + 5.50%)(d) | 6.50% | 01/27/2023 | EUR | 202 | 248,039 | |
Watlow Electric Manufacturing Co., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.50% | 03/15/2028 | 951 | 954,328 | ||
WebPros, Term Loan (1 mo. USD LIBOR + 5.25%) | 5.75% | 02/18/2027 | 956 | 960,690 | ||
57,179,571 | ||||||
Financial Intermediaries–2.16% | ||||||
Alter Domus (Participations S.a.r.l.) (Luxembourg) | ||||||
Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 02/28/2028 | EUR | 162 | 197,661 | |
Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.50% | 02/28/2028 | 378 | 377,330 | ||
Edelman Financial Center LLC (The) | ||||||
Incremental Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 03/15/2028 | 2,153 | 2,158,973 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 6.75%) | 6.84% | 07/20/2026 | 111 | 112,091 | ||
MoneyGram International, Inc., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.00% | 06/30/2023 | 2,914 | 2,935,211 | ||
RPI Finance Trust, Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.84% | 02/11/2027 | 247 | 246,517 | ||
SGG Holdings S.A. (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 07/11/2025 | EUR | 674 | 821,354 | |
Stiphout Finance LLC, Incremental Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/26/2025 | 176 | 176,058 | ||
Tegra118 Wealth Solutions, Inc., Term Loan (1 mo. USD LIBOR + 4.00%) | 4.16% | 02/10/2027 | 464 | 465,637 | ||
Washington Prime Group L.P. | ||||||
Revolver Loan(f) | 0.00% | 12/30/2021 | 1,411 | 1,323,908 | ||
Term Loan (3 mo. USD LIBOR + 2.35%) | 2.85% | 01/10/2023 | 1,045 | 982,735 | ||
Term Loan B (1 mo. USD LIBOR + 2.35%) | 2.85% | 12/30/2022 | 520 | 488,765 | ||
10,286,240 | ||||||
Food Products–2.18% | ||||||
Arnott’s (Snacking Investments US LLC), Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 12/18/2026 | 871 | 872,974 | ||
Biscuit Intl (Cookie Acq S.A.S, De Banketgroep Holding) (France), First Lien Term Loan (3 mo. EURIBOR + 4.00%) | 4.00% | 02/07/2027 | EUR | 231 | 278,074 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Food Products–(continued) | ||||||
BrightPet | ||||||
Delayed Draw Term Loan(d)(f) | 0.00% | 10/05/2026 | $ 671 | $ 657,917 | ||
Revolver Loan (3 mo. USD LIBOR + 6.25%)(d) | 7.25% | 10/05/2026 | 17 | 16,448 | ||
Revolver Loan(d)(f) | 0.00% | 10/05/2026 | 319 | 312,511 | ||
Term Loan B (3 mo. USD LIBOR + 6.25%)(d) | 7.25% | 10/05/2026 | 2,344 | 2,296,953 | ||
Froneri International PLC (United Kingdom) | ||||||
Second Lien Term Loan (3 mo. EURIBOR + 5.50%) | 5.75% | 01/28/2028 | EUR | 62 | 76,478 | |
Second Lien Term Loan (1 mo. USD LIBOR + 5.75%) | 5.84% | 01/29/2028 | 441 | 446,396 | ||
H-Food Holdings LLC | ||||||
Incremental Term Loan B-3 (1 mo. USD LIBOR + 5.00%) | 6.00% | 05/23/2025 | 170 | 170,192 | ||
Term Loan (3 mo. USD LIBOR + 3.69%) | 3.78% | 05/23/2025 | 2,157 | 2,149,516 | ||
JBS USA Lux S.A., Term Loan (1 mo. USD LIBOR + 2.00%) | 2.09% | 05/01/2026 | 265 | 264,745 | ||
Shearer’s Foods LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.00%)(d) | 4.75% | 06/30/2021 | 1,463 | 1,464,897 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%)(d) | 8.75% | 09/15/2028 | 231 | 231,535 | ||
Sigma Bidco B.V. (Netherlands), Term Loan B-1 (3 mo. EURIBOR + 3.50%) | 3.50% | 07/02/2025 | EUR | 427 | 511,851 | |
Valeo Foods (Jersey) Ltd. (Ireland), Term Loan B (3 mo. GBP LIBOR + 5.50%) | 5.58% | 08/27/2027 | GBP | 430 | 611,003 | |
10,361,490 | ||||||
Food Service–1.94% | ||||||
Carlisle FoodService Products, Inc., Term Loan (3 mo. USD LIBOR + 3.00%) | 4.00% | 03/20/2025 | 399 | 388,912 | ||
Euro Garages (Netherlands) | ||||||
Term Loan (3 mo. USD LIBOR + 4.00%) | 4.20% | 02/06/2025 | 38 | 37,734 | ||
Term Loan (1 mo. USD LIBOR + 4.25%) | 4.75% | 03/11/2026 | 313 | 313,078 | ||
Term Loan B (3 mo. USD LIBOR + 4.00%) | 4.20% | 02/06/2025 | 442 | 438,568 | ||
Houston Foods, Inc., Term Loan (3 mo. USD LIBOR + 3.75%) | 3.84% | 07/20/2025 | 734 | 730,078 | ||
IRB Holding Corp., First Lien Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.25% | 12/01/2027 | 1,001 | 1,002,400 | ||
New Red Finance, Inc., Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 1.84% | 11/19/2026 | 5,415 | 5,343,024 | ||
NPC International, Inc., Second Lien Term Loan(i)(j) | 0.00% | 04/18/2025 | 240 | 4,192 | ||
US Foods, Inc., Term Loan (3 mo. USD LIBOR + 1.75%) | 1.84% | 06/27/2023 | 317 | 314,456 | ||
Weight Watchers International, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.00% | 04/13/2028 | 638 | 639,746 | ||
9,212,188 | ||||||
Forest Products–0.22% | ||||||
Ahlstrom-Munksjoe (Finland), Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 03/11/2028 | 541 | 542,596 | ||
Royal Oak Enterprises LLC, Incremental Term Loan (1 mo. USD LIBOR + 4.00%) | 4.75% | 12/10/2027 | 496 | 498,602 | ||
1,041,198 | ||||||
Health Care–5.55% | ||||||
Acacium Group (United Kingdom), Term Loan (g) | – | 05/19/2028 | GBP | 295 | 416,762 | |
AI Sirona (Luxembourg) Acquisition S.a.r.l. (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 09/30/2025 | EUR | 432 | 525,695 | |
Almaviva Developpement (France), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.22% | 03/26/2028 | EUR | 117 | 143,015 | |
Ameos (Germany), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 04/19/2028 | EUR | 191 | 232,679 | |
athenahealth, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 4.35% | 02/11/2026 | 1,023 | 1,027,927 | ||
Cerba (France), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 05/12/2028 | EUR | 268 | 327,554 | |
Curium BidCo S.a.r.l. (Luxembourg), Term Loan (1 mo. USD LIBOR + 4.25%)(d) | 5.00% | 12/02/2027 | 737 | 737,572 | ||
DentalCorp Perfect Smile ULC (Canada), Second Lien Term Loan (1 mo. USD LIBOR + 6.50%) | 9.75% | 06/30/2021 | 655 | 656,392 | ||
Diaverum Holding S.a.r.l. (Sweden), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 06/08/2024 | EUR | 199 | 241,939 | |
Domus Vi (France), Term Loan (3 mo. EURIBOR + 3.75%) | 4.00% | 10/31/2026 | EUR | 105 | 128,872 | |
Ethypharm (France), Term Loan B(g) | – | 04/30/2029 | GBP | 371 | 524,589 | |
Explorer Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.50%) | 5.50% | 02/04/2027 | 1,036 | 1,042,346 | ||
Gainwell Holding Corp., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 10/01/2027 | 2,387 | 2,395,169 |
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) | ||||||
Global Healthcare Exchange LLC, Term Loan (3 mo. USD LIBOR + 3.25%) | 4.25% | 06/28/2024 | $ 173 | $ 173,865 | ||
Global Medical Response, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 10/02/2025 | 1,488 | 1,497,128 | ||
Greatbatch Ltd., Term Loan B (1 mo. USD LIBOR + 2.50%) | 3.50% | 10/27/2022 | 76 | 75,965 | ||
HC Group Holdings III, Inc., Term Loan B (1 mo. USD LIBOR + 3.75%) | 3.84% | 08/06/2026 | 1,193 | 1,196,139 | ||
ImageFirst | ||||||
Delayed Draw Term Loan(d)(f) | 0.00% | 04/27/2028 | 91 | 90,663 | ||
Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.25% | 04/27/2028 | 398 | 398,418 | ||
Inovie Group Bidco (Labosud) (France), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 12/08/2027 | EUR | 376 | 459,549 | |
Insulet Corp., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.75% | 04/28/2028 | 470 | 470,923 | ||
IWH UK Midco Ltd. (United Kingdom), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 01/31/2025 | EUR | 918 | 1,112,956 | |
MedAssets Sotware Intermediate Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 01/28/2028 | 828 | 827,349 | ||
Nemera (Financiere N BidCo) (France), Incremental Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 01/22/2026 | EUR | 80 | 97,326 | |
Neuraxpharm (Cerebro BidCo/Blitz F20-80 GmbH) (Germany) | ||||||
Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 10/29/2027 | EUR | 138 | 169,768 | |
Term Loan B-2 (3 mo. EURIBOR + 4.25%) | 4.25% | 10/29/2027 | EUR | 80 | 98,065 | |
Nidda Healthcare Holding AG (Germany), Term Loan F (3 mo. GBP LIBOR + 4.50%) | 4.58% | 08/21/2026 | GBP | 172 | 244,786 | |
Organon & Co., Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.50% | 04/08/2028 | 1,876 | 1,876,149 | ||
Ortho-Clinical Diagnostics, Inc., Term Loan (3 mo. USD LIBOR + 3.00%) | 3.11% | 06/30/2025 | 138 | 138,614 | ||
Packaging Coordinators Midco, Inc., Term Loan (1 mo. USD LIBOR + 3.50%) | 4.25% | 11/30/2027 | 514 | 515,785 | ||
Prophylaxis B.V. (Netherlands) | ||||||
Term Loan(d)(g) | – | 12/30/1899 | 1 | 0 | ||
Term Loan A (3 mo. EURIBOR + 4.50%)(d) | 4.50% | 06/30/2025 | EUR | 1,019 | 1,233,382 | |
Term Loan B (3 mo. EURIBOR + 0.50%)(d) | 0.50% | 06/30/2025 | EUR | 392 | 480,483 | |
Revint Intermediate II LLC, Term Loan (1 mo. USD LIBOR + 5.00%) | 5.75% | 10/08/2027 | 1,782 | 1,795,688 | ||
Sunshine Luxembourg VII S.a.r.l. (Switzerland), Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 10/01/2026 | 1,432 | 1,438,588 | ||
Synlab Bondco PLC (United Kingdom), Term Loan B-4 (3 mo. EURIBOR + 3.75%) | 3.25% | 11/27/2027 | EUR | 129 | 156,679 | |
TTF Holdings, LLC, Term Loan B (1 mo. USD LIBOR + 4.25%)(d) | 5.00% | 03/25/2028 | 435 | 436,865 | ||
Unified Womens Healthcare, L.P., Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.00% | 12/17/2027 | 920 | 924,889 | ||
Verscend Holding Corp., Term Loan B-1 (1 mo. USD LIBOR + 4.00%) | 4.09% | 08/07/2025 | 734 | 736,296 | ||
Waystar, Incremental Term Loan (1 mo. USD LIBOR + 4.00%)(d) | 4.75% | 10/20/2026 | 600 | 600,794 | ||
Women’s Care Holdings, Inc. LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 4.50%) | 5.25% | 01/15/2028 | 548 | 549,791 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 8.25%) | 9.00% | 01/15/2029 | 235 | 236,494 | ||
WP CityMD Bidco LLC, First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 08/13/2026 | 9 | 8,999 | ||
26,442,907 | ||||||
Home Furnishings–1.51% | ||||||
Hayward Industries, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.25% | 05/12/2028 | 407 | 407,076 | ||
Hilding Anders AB (Sweden), Term Loan B (3 mo. EURIBOR + 5.00%) | 5.00% | 11/29/2024 | EUR | 391 | 376,671 | |
Mattress Holding Corp., Term Loan (1 mo. USD LIBOR + 5.25%) | 6.25% | 11/24/2027 | 1,312 | 1,335,228 | ||
Serta Simmons Bedding LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 7.50%) | 8.50% | 08/10/2023 | 723 | 732,354 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.50%) | 8.50% | 08/10/2023 | 1,812 | 1,736,725 | ||
SIWF Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 4.34% | 06/15/2025 | 0 | 309 | ||
TGP Holdings III LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 5.00% | 09/25/2024 | 1,473 | 1,477,003 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 9.50% | 09/25/2025 | 330 | 327,674 | ||
Webster-Stephen Products LLC, Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.00% | 10/20/2027 | 810 | 811,842 | ||
7,204,882 | ||||||
Industrial Equipment–2.02% | ||||||
Alliance Laundry Systems LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.25% | 09/30/2027 | 95 | 95,478 | ||
Alpha AB Bidco B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 07/30/2025 | EUR | 359 | 436,616 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Industrial Equipment–(continued) | ||||||
CIRCOR International, Inc., Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.25% | 12/11/2024 | $ 200 | $ 199,345 | ||
Crosby US Acquisition Corp., Term Loan B (3 mo. USD LIBOR + 4.75%) | 4.84% | 06/27/2026 | 412 | 410,184 | ||
Delachaux Group S.A. (France), Term Loan B-2 (3 mo. USD LIBOR + 4.50%) | 4.69% | 04/16/2026 | 336 | 334,844 | ||
DXP Enterprises, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 12/16/2027 | 672 | 675,718 | ||
Engineered Machinery Holdings, Inc. | ||||||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 4.25%) | 5.25% | 07/19/2024 | 56 | 55,690 | ||
First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 07/19/2024 | 155 | 155,696 | ||
Gardner Denver, Inc., Incremental Term Loan (1 mo. USD LIBOR + 2.75%) | 2.84% | 03/01/2027 | 50 | 49,782 | ||
Kantar (United Kingdom) | ||||||
Term Loan B (1 mo. USD LIBOR + 4.75%) | 4.93% | 11/26/2026 | 995 | 991,540 | ||
Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 12/04/2026 | EUR | 700 | 854,394 | |
MX Holdings US, Inc., Term Loan B-1-C (3 mo. USD LIBOR + 2.75%) | 3.50% | 07/31/2025 | 266 | 265,615 | ||
New VAC US LLC, Term Loan B (3 mo. USD LIBOR + 4.00%)(d) | 5.00% | 03/08/2025 | 415 | 380,185 | ||
Robertshaw US Holding Corp., Second Lien Term Loan (3 mo. USD LIBOR + 8.00%) | 9.00% | 02/28/2026 | 388 | 338,205 | ||
S2P Acquisiton Borrower, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 4.09% | 08/14/2026 | 773 | 774,408 | ||
Sabre Industries, Inc., Term Loan B(g) | – | 05/24/2028 | 273 | 272,908 | ||
Thyssenkrupp Elevators (Vertical Midco GmbH) (Germany), Term Loan B (1 mo. USD LIBOR + 4.25%) | 4.48% | 07/30/2027 | 3,330 | 3,346,393 | ||
9,637,001 | ||||||
Insurance–1.20% | ||||||
Acrisure LLC, Term Loan (1 mo. USD LIBOR + 3.50%) | 3.70% | 01/31/2027 | 1,228 | 1,218,923 | ||
Alliant Holdings Intermediate LLC, Term Loan B-3 (1 mo. USD LIBOR + 3.75%) | 4.25% | 10/15/2027 | 2,586 | 2,593,743 | ||
AmWINS Group LLC, Term Loan (1 mo. USD LIBOR + 2.25%) | 3.00% | 02/17/2028 | 192 | 191,784 | ||
Financiere CEP (France), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 06/30/2027 | EUR | 57 | 70,011 | |
Ryan Specialty Group LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 3.75% | 09/01/2027 | 1,111 | 1,112,872 | ||
Sedgwick Claims Management Services, Inc. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 3.75%) | 3.84% | 09/03/2026 | 129 | 128,720 | ||
Term Loan (3 mo. USD LIBOR + 3.25%) | 3.34% | 12/31/2025 | 147 | 145,886 | ||
USI, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 3.45% | 12/02/2026 | 252 | 250,338 | ||
5,712,277 | ||||||
Leisure Goods, Activities & Movies–7.35% | ||||||
Alpha Topco Ltd. (United Kingdom), Term Loan B (3 mo. USD LIBOR + 2.50%) | 3.50% | 02/01/2024 | 3,510 | 3,495,959 | ||
AMC Entertainment, Inc., Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | 3.11% | 04/22/2026 | 2,414 | 2,233,499 | ||
Carnival Corp. (Panama) | ||||||
Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.75% | 06/30/2025 | 387 | 389,147 | ||
Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 06/30/2025 | EUR | 182 | 223,371 | |
Crown Finance US, Inc. | ||||||
Term Loan (3 mo. USD LIBOR + 7.00%) | 7.00% | 05/23/2024 | 820 | 1,036,549 | ||
Term Loan (3 mo. EURIBOR + 2.63%) | 2.63% | 02/28/2025 | EUR | 122 | 129,428 | |
Term Loan (1 mo. USD LIBOR + 2.50%) | 3.50% | 02/28/2025 | 359 | 312,673 | ||
Term Loan (1 mo. USD LIBOR + 2.75%) | 3.75% | 09/20/2026 | 1,827 | 1,572,154 | ||
CWGS Group LLC, Term Loan (3 mo. USD LIBOR + 2.75%) | 3.50% | 11/08/2023 | 582 | 580,068 | ||
Dorna Sports S.L. (Spain) | ||||||
Term Loan B-2 (3 mo. USD LIBOR + 3.00%) | 3.76% | 04/12/2024 | 1,424 | 1,410,218 | ||
Term Loan B-2 (3 mo. EURIBOR + 3.25%) | 3.25% | 05/03/2024 | EUR | 116 | 140,244 | |
Eagle Midco Ltd. (United Kingdom) | ||||||
Term Loan (3 mo. GBP LIBOR + 4.75%) | 4.83% | 03/10/2028 | GBP | 233 | 331,214 | |
Term Loan (3 mo. EURIBOR + 3.75%) | 4.75% | 03/31/2028 | EUR | 152 | 185,136 | |
Fitness International LLC, Term Loan B (3 mo. USD LIBOR + 3.25%) | 4.25% | 04/18/2025 | 284 | 270,440 |
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) | |||||
HotelBeds (United Kingdom) | |||||
Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 09/12/2025 | EUR | 1,882 | $ 2,092,095 |
Term Loan D(g) | – | 09/12/2027 | EUR | 3,398 | 3,838,744 |
Invictus Media S.L.U. (Spain) | |||||
Second Lien Term Loan (3 mo. EURIBOR + 7.50%) (Acquired 05/17/2021-05/19/2021; Cost $1,532,449)(e) | 6.96% | 12/26/2025 | EUR | 1,885 | 1,466,931 |
Term Loan A-1 (3 mo. EURIBOR + 4.25%) (Acquired 05/18/2021; Cost $404,810)(e) | 4.25% | 06/26/2024 | EUR | 363 | 414,964 |
Term Loan A-2 (3 mo. EURIBOR + 4.25%) (Acquired 05/18/2021; Cost $254,020)(e) | 4.25% | 06/26/2024 | EUR | 228 | 260,392 |
Term Loan B-1 (3 mo. EURIBOR + 4.75%) (Acquired 05/31/2018-05/27/2021; Cost $1,559,573)(e) | 4.75% | 06/26/2025 | EUR | 1,383 | 1,573,070 |
Term Loan B-2 (3 mo. EURIBOR + 4.75%) (Acquired 05/31/2018-05/27/2021; Cost $1,368,446)(e) | 4.75% | 06/26/2025 | EUR | 1,217 | 1,383,713 |
Lakeland Tours LLC | |||||
PIK Term Loan, 13.25% PIK Rate(h) | 13.25% | 09/30/2027 | $ 267 | 143,163 | |
PIK Term Loan, 6.00% PIK Rate, 2.75% Cash Rate | 6.00% | 09/25/2025 | 202 | 191,422 | |
Term Loan (1 mo. USD LIBOR + 6.00%) | 6.00% | 09/25/2023 | 116 | 117,192 | |
Term Loan (1 mo. USD LIBOR + 7.50%) | 8.75% | 09/30/2025 | 253 | 213,333 | |
Markermeer Finance B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 01/29/2027 | EUR | 620 | 745,269 |
Merlin (Motion Finco S.a.r.l. and LLC) (United Kingdom) | |||||
Term Loan B (3 mo. EURIBOR + 3.00%) | 3.00% | 10/16/2026 | EUR | 1,090 | 1,286,951 |
Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 3.45% | 11/12/2026 | 293 | 284,640 | |
Term Loan B-2 (1 mo. USD LIBOR + 3.25%) | 3.45% | 11/12/2026 | 39 | 37,410 | |
Parques Reunidos (Spain) | |||||
Incremental Term Loan B-2 (3 mo. EURIBOR + 7.50%) | 7.50% | 09/16/2026 | EUR | 580 | 707,863 |
Term Loan B-1 (3 mo. EURIBOR + 3.75%) | 3.75% | 09/27/2026 | EUR | 1,533 | 1,805,142 |
Royal Caribbean Cruises | |||||
Revolver Loan(f) | 0.00% | 10/12/2022 | 201 | 190,133 | |
Term Loan (3 mo. USD LIBOR + 1.35%) | 1.55% | 04/05/2022 | 604 | 583,357 | |
Sabre GLBL, Inc. | |||||
Term Loan B (3 mo. USD LIBOR + 2.00%) | 2.09% | 02/22/2024 | 57 | 55,731 | |
Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 12/31/2027 | 353 | 355,369 | |
SeaWorld Parks & Entertainment, Inc., Term Loan B-5 (3 mo. USD LIBOR + 3.00%) | 3.75% | 04/01/2024 | 881 | 876,705 | |
Six Flage Theme Parks, Inc., Term Loan B (3 mo. USD LIBOR + 1.75%) | 1.85% | 04/17/2026 | 229 | 224,412 | |
UFC Holdings LLC, Term Loan B-3 (1 mo. USD LIBOR + 3.00%) | 3.75% | 04/29/2026 | 219 | 219,415 | |
USF S&H Holdco, LLC | |||||
Term Loan A(d)(f) | 0.00% | 06/30/2025 | 162 | 162,334 | |
Term Loan A (3 mo. USD LIBOR + 15.00%)(d) | 15.00% | 06/30/2025 | 108 | 108,080 | |
Term Loan B (3 mo. USD LIBOR + 3.00%)(d) | 3.00% | 06/30/2025 | 1,754 | 1,754,476 | |
Vue International Bidco PLC (United Kingdom), Term Loan B-1 (3 mo. EURIBOR + 4.75%) | 4.75% | 06/21/2026 | EUR | 1,394 | 1,587,620 |
34,990,026 | |||||
Lodging & Casinos–3.64% | |||||
Aimbridge Acquisition Co., Inc. | |||||
Incremental Term Loan (1 mo. USD LIBOR + 6.00%) | 6.75% | 02/01/2026 | 960 | 963,009 | |
Term Loan (1 mo. USD LIBOR + 3.75%) | 3.84% | 02/01/2026 | 503 | 491,938 | |
Aristocrat Technologies, Inc., Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/19/2024 | 884 | 887,118 | |
B&B Hotels S.A.S. (France) | |||||
Incremental Term Loan(g) | – | 06/30/2026 | EUR | 401 | 486,164 |
Second Lien Term Loan B (3 mo. EURIBOR + 8.50%) | 8.50% | 07/31/2027 | EUR | 387 | 455,118 |
Term Loan B-3-A (3 mo. EURIBOR + 3.88%) | 3.88% | 07/31/2026 | EUR | 1,884 | 2,224,829 |
Bally’s Corp., Term Loan B (1 mo. USD LIBOR + 2.75%) | 2.95% | 05/10/2026 | 741 | 736,680 |
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) | ||||||
Caesars Resort Collection LLC | ||||||
Incremental Term Loan (1 mo. USD LIBOR + 4.50%) | 4.59% | 06/30/2025 | $ 685 | $ 687,823 | ||
Term Loan B (3 mo. USD LIBOR + 2.75%) | 2.84% | 12/23/2024 | 3,094 | 3,074,369 | ||
CityCenter Holdings LLC, Term Loan B (3 mo. USD LIBOR + 2.25%) | 3.00% | 04/18/2024 | 1,088 | 1,081,131 | ||
Everi Payments, Inc., Term Loan B (1 mo. USD LIBOR + 10.50%)(d) | 11.50% | 05/09/2024 | 97 | 102,005 | ||
Hilton Grand Vacations Borrower LLC, Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.50% | 05/19/2028 | 1,497 | 1,500,968 | ||
Hilton Worldwide Finance LLC, Term Loan B-2 (3 mo. USD LIBOR + 1.75%) | 1.84% | 06/22/2026 | 295 | 292,460 | ||
PCI Gaming Authority, Term Loan B (3 mo. USD LIBOR + 2.50%) | 2.59% | 05/29/2026 | 67 | 66,435 | ||
RHP Hotel Properties L.P., Term Loan B (3 mo. USD LIBOR + 2.00%) | 2.10% | 05/11/2024 | 117 | 115,407 | ||
Scientific Games International, Inc., Term Loan B-5 (1 mo. USD LIBOR + 2.75%) | 2.84% | 08/14/2024 | 57 | 55,975 | ||
Stars Group (US) Co-Borrower LLC, Term Loan (3 mo. USD LIBOR + 3.50%) | 3.70% | 07/10/2025 | 1,965 | 1,974,604 | ||
Station Casinos LLC, Term Loan B-1 (1 mo. USD LIBOR + 2.25%) | 2.50% | 02/08/2027 | 892 | 884,963 | ||
Tackle Group S.a.r.l. (Luxembourg), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 05/07/2028 | EUR | 783 | 954,344 | |
VICI Properties 1 LLC, Term Loan B (3 mo. USD LIBOR + 1.75%) | 1.84% | 12/20/2024 | 311 | 308,909 | ||
17,344,249 | ||||||
Nonferrous Metals & Minerals–1.07% | ||||||
American Rock Salt Co. LLC, Term Loan (3 mo. USD LIBOR + 3.50%) | 4.50% | 03/21/2025 | 580 | 581,090 | ||
Corialis Group, Ltd. (United Kingdom), Term Loan B(g) | – | 05/24/2028 | GBP | 109 | 155,565 | |
Covia Holdings Corp., Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 07/31/2026 | 642 | 629,802 | ||
Form Technologies LLC | ||||||
Term Loan (1 mo. USD LIBOR + 4.75%) | 5.75% | 07/19/2025 | 994 | 994,224 | ||
Term Loan (1 mo. USD LIBOR + 9.25%)(d) | 10.25% | 10/22/2025 | 407 | 424,379 | ||
Kissner Group, Incremental Term Loan (1 mo. USD LIBOR + 4.00%) | 4.75% | 03/01/2027 | 2,306 | 2,294,648 | ||
5,079,708 | ||||||
Oil & Gas–3.42% | ||||||
Brazos Delaware II LLC, Term Loan (3 mo. USD LIBOR + 4.00%) | 4.10% | 05/21/2025 | 1,580 | 1,543,648 | ||
Fieldwood Energy LLC | ||||||
DIP Delayed Draw Term Loan (1 mo. USD LIBOR + 8.75%) (Acquired 07/30/2020; Cost $1,384,332)(d)(e) | 9.75% | 08/04/2021 | 139 | 144,814 | ||
DIP Delayed Draw Term Loan (Acquired 07/30/2020; Cost $1,384,332)(d)(e)(f) | 0.00% | 08/04/2021 | 1,253 | 1,303,322 | ||
First Lien Term Loan (Acquired 04/11/2018-07/31/2020; Cost $4,161,279)(e)(i) | 6.25% | 04/11/2022 | 9,313 | 4,144,452 | ||
Second Lien Term Loan (Acquired 06/01/2018-03/19/2019; Cost $2,629,418)(e)(i) | 10.25% | 04/11/2023 | 2,764 | 158,949 | ||
Glass Mountain Pipeline Holdings LLC, Term Loan (3 mo. USD LIBOR + 4.50%) | 5.50% | 12/23/2024 | 885 | 216,936 | ||
HGIM Corp., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.00% | 07/02/2023 | 1,180 | 808,123 | ||
McDermott International Ltd. | ||||||
LOC(f) | 0.00% | 06/30/2024 | 2,136 | 1,799,673 | ||
LOC (3 mo. USD LIBOR + 4.00%)(d) | 4.20% | 06/30/2024 | 998 | 823,778 | ||
PIK Term Loan B, 3.00% PIK Rate, 1.00% Cash Rate(h) | 3.00% | 06/30/2025 | 502 | 226,888 | ||
Term Loan (1 mo. USD LIBOR + 3.00%)(d) | 3.09% | 06/30/2024 | 92 | 64,135 | ||
Navitas Midstream Midland Basin LLC, Term Loan (3 mo. USD LIBOR + 4.50%) | 5.50% | 12/13/2024 | 1,152 | 1,155,389 | ||
Paragon Offshore Finance Co. (Cayman Islands), Term Loan(d)(i)(j) | 0.00% | 07/16/2021 | 10 | 0 | ||
Petroleum GEO-Services ASA, Term Loan (1 mo. USD LIBOR + 7.50%) | 7.71% | 03/19/2024 | 4,093 | 3,736,346 | ||
Prairie ECI Acquiror L.P., Term Loan (3 mo. USD LIBOR + 4.75%) | 4.84% | 03/11/2026 | 84 | 81,160 | ||
Southcross Energy Partners LLC, Revolver Loan(d)(f) | 0.00% | 01/31/2025 | 79 | 77,671 | ||
16,285,284 |
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–2.25% | ||||||
Adtalem Global Education, Inc. | ||||||
Term Loan B (3 mo. USD LIBOR + 3.00%) | 3.09% | 04/11/2025 | $ 115 | $ 114,960 | ||
Term Loan B (1 mo. USD LIBOR + 4.50%) | 5.25% | 02/12/2028 | 944 | 939,859 | ||
Ascend Learning LLC, Incremental Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 07/12/2024 | 260 | 260,522 | ||
Cengage Learning, Inc., Term Loan B (3 mo. USD LIBOR + 4.25%) | 5.25% | 06/07/2023 | 4,402 | 4,407,448 | ||
Clear Channel Worldwide Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 3.69% | 08/21/2026 | 3,415 | 3,315,407 | ||
Nielsen Finance LLC, Term Loan B-5 (1 mo. USD LIBOR + 3.75%) | 4.75% | 06/30/2025 | 1,687 | 1,692,423 | ||
10,730,619 | ||||||
Radio & Television–0.90% | ||||||
E.W. Scripps Co. (The), Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.75% | 12/15/2027 | 1,135 | 1,138,065 | ||
Gray Television, Inc., Term Loan C (3 mo. USD LIBOR + 2.50%) | 2.61% | 01/02/2026 | 11 | 10,769 | ||
Nexstar Broadcasting, Inc., Term Loan B-4 (1 mo. USD LIBOR + 2.50%) | 2.61% | 09/18/2026 | 107 | 107,314 | ||
Sinclair Television Group, Inc. | ||||||
Term Loan B(g) | – | 01/03/2024 | 12 | 12,057 | ||
Term Loan B-2-B (1 mo. USD LIBOR + 2.50%) | 2.60% | 09/30/2026 | 1,558 | 1,546,079 | ||
Term Loan B-3 (1 mo. USD LIBOR + 3.00%) | 3.10% | 03/25/2028 | 586 | 584,921 | ||
Univision Communications, Inc., Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.00% | 05/05/2028 | 904 | 901,264 | ||
4,300,469 | ||||||
Retailers (except Food & Drug)–3.04% | ||||||
Bass Pro Group LLC, Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.00% | 02/26/2028 | 2,790 | 2,815,020 | ||
Claire’s Stores, Inc., Term Loan B (1 mo. USD LIBOR + 6.50%) | 6.59% | 12/18/2026 | 342 | 327,922 | ||
CNT Holdings I Corp. (1-800 Contacts) | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 4.50% | 10/16/2027 | 1,727 | 1,731,984 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 7.50% | 10/16/2028 | 402 | 408,349 | ||
Harbor Freight Tools USA, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 3.75% | 10/15/2027 | 591 | 592,777 | ||
Kirk Beauty One GmbH (Germany) | ||||||
Term Loan B-1 (3 mo. EURIBOR + 5.50%) | 5.50% | 03/26/2026 | EUR | 298 | 361,740 | |
Term Loan B-2(g) | – | 03/26/2026 | EUR | 171 | 208,230 | |
Term Loan B-3(g) | – | 03/26/2026 | EUR | 250 | 303,801 | |
Term Loan B-4(g) | – | 03/26/2026 | EUR | 526 | 639,095 | |
Term Loan B-5(g) | – | 03/26/2026 | EUR | 117 | 142,143 | |
Petco Animal Supplies, Inc., First Lien Term loan (1 mo. USD LIBOR + 3.25%) | 4.00% | 02/25/2028 | 1,224 | 1,225,910 | ||
PetSmart, Inc., First Lien Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.50% | 01/28/2028 | 4,163 | 4,183,865 | ||
Rent-A-Center, Inc., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 01/17/2028 | 809 | 816,046 | ||
Savers, Inc., Term Loan B (1 mo. USD LIBOR + 5.75%) | 6.50% | 04/21/2028 | 718 | 724,818 | ||
14,481,700 | ||||||
Surface Transport–1.26% | ||||||
American Trailer World Corp., Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.50% | 03/03/2028 | 503 | 502,676 | ||
Daseke Cos., Inc., Term Loan B (1 mo. USD LIBOR + 4.00%) | 4.75% | 03/09/2028 | 273 | 273,256 | ||
Hertz Corp., Revolver Loan B-1(f) | 0.00% | 06/30/2021 | 417 | 420,504 | ||
Hurtigruten (Norway), Term Loan B (3 mo. EURIBOR + 3.50%) | 4.00% | 02/22/2025 | EUR | 1,768 | 2,027,391 | |
Odyssey Logistics & Technology Corp., First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 5.00% | 10/12/2024 | 395 | 389,339 | ||
PODS LLC, Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.75% | 04/01/2028 | 2,374 | 2,373,362 | ||
5,986,528 | ||||||
Telecommunications–6.38% | ||||||
Avaya, Inc., Term Loan B-2 (1 mo. USD LIBOR + 4.25%) | 4.10% | 12/15/2027 | 264 | 265,243 | ||
Cablevision Lightpath LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 3.75% | 11/30/2027 | 13 | 13,314 | ||
CCI Buyer, Inc., Term Loan (1 mo. USD LIBOR + 4.00%) | 4.75% | 12/13/2027 | 1,422 | 1,426,122 | ||
CenturyLink, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 2.34% | 03/15/2027 | 122 | 121,224 |
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) | ||||||
Colorado Buyer, Inc. | ||||||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 3.00%) | 5.00% | 05/01/2024 | $ 1,412 | $ 1,375,036 | ||
Term Loan (3 mo. USD LIBOR + 3.00%) | 4.00% | 05/01/2024 | 7 | 6,758 | ||
Consolidated Communications, Inc., Term Loan (1 mo. USD LIBOR + 3.50%) | 4.25% | 10/02/2027 | 1,360 | 1,363,227 | ||
Crown Subsea Communications Holding, Inc., Term Loan B (1 mo. USD LIBOR + 5.00%) | 5.75% | 04/20/2027 | 948 | 953,561 | ||
Eagle Broadband Investments LLC (Mega Broadband), Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.75% | 11/12/2027 | 165 | 165,182 | ||
Frontier Communications Corp., DIP Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.50% | 10/08/2021 | 1,333 | 1,334,385 | ||
GCI Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.50% | 10/15/2025 | 140 | 140,484 | ||
Inmarsat Finance PLC (United Kingdom), Term Loan (1 mo. USD LIBOR + 3.50%) | 4.50% | 12/12/2026 | 1,459 | 1,462,630 | ||
Intelsat Jackson Holdings S.A. (Luxembourg) | ||||||
DIP Term Loan (1 mo. USD LIBOR + 5.50%)(j) | 6.50% | 07/13/2021 | 822 | 828,967 | ||
Term Loan B-3 (1 mo. USD LIBOR + 5.75%)(j) | 8.00% | 11/27/2023 | 4,791 | 4,883,121 | ||
Term Loan B-4 (3 mo. USD LIBOR + 6.50%)(j) | 8.75% | 01/02/2024 | 461 | 470,536 | ||
Term Loan B-5(j) | 8.63% | 01/02/2024 | 1,409 | 1,437,824 | ||
Iridium Satellite LLC, Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.75% | 11/04/2026 | 216 | 216,424 | ||
Level 3 Financing, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 1.84% | 03/01/2027 | 125 | 123,955 | ||
Masmovil (Lorca Finco PLC) (Spain), Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 07/02/2027 | EUR | 653 | 798,497 | |
MLN US HoldCo LLC | ||||||
First Lien Term Loan B (3 mo. USD LIBOR + 4.50%) | 4.61% | 11/30/2025 | 1,997 | 1,782,094 | ||
Second Lien Term Loan B (3 mo. USD LIBOR + 8.75%) | 8.86% | 11/30/2026 | 1,024 | 557,495 | ||
MTN Infrastructure TopCo, Inc. | ||||||
Incremental Term Loan (1 mo. USD LIBOR + 4.00%) | 5.00% | 11/17/2024 | 178 | 178,088 | ||
Term Loan (3 mo. USD LIBOR + 3.00%) | 4.00% | 11/15/2024 | 1,380 | 1,381,282 | ||
Project Jerico (France), Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 11/22/2026 | EUR | 309 | 377,246 | |
Radiate Holdco LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.25% | 09/10/2026 | 75 | 75,680 | ||
SBA Senior Finance II LLC, Term Loan (3 mo. USD LIBOR + 1.75%) | 1.85% | 04/11/2025 | 12 | 11,467 | ||
Telesat LLC, Term Loan B-5 (1 mo. USD LIBOR + 2.75%) | 2.85% | 12/07/2026 | 4,694 | 4,511,852 | ||
U.S. TelePacific Corp., Term Loan (3 mo. USD LIBOR + 5.50%) | 6.50% | 05/02/2023 | 2,726 | 2,531,659 | ||
Windstream Services LLC, Term Loan B (1 mo. USD LIBOR + 6.25%) | 7.25% | 09/21/2027 | 1,535 | 1,541,926 | ||
Zayo Group LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 3.09% | 03/09/2027 | 57 | 56,796 | ||
30,392,075 | ||||||
Utilities–3.94% | ||||||
APLP Holdings Ltd. Partnership (Canada), Term Loan B (1 mo. USD LIBOR + 3.75%) | 4.75% | 04/01/2027 | 714 | 716,548 | ||
Aria Energy Operating LLC, Term Loan (3 mo. USD LIBOR + 4.50%) | 5.50% | 05/27/2022 | 641 | 643,051 | ||
Brookfield WEC Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.25% | 08/01/2025 | 341 | 339,374 | ||
Calpine Corp. | ||||||
Term Loan (3 mo. USD LIBOR + 2.00%) | 2.10% | 04/05/2026 | 2,651 | 2,624,773 | ||
Term Loan (1 mo. USD LIBOR + 2.50%) | 2.60% | 12/16/2027 | 2,582 | 2,573,053 | ||
Eastern Power LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/02/2025 | 804 | 740,770 | ||
ExGen Renewables IV LLC, Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.75% | 12/15/2027 | 219 | 219,849 | ||
Granite Acquisition, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 3.25% | 03/17/2028 | 599 | 599,055 | ||
Granite Generation LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 4.75% | 10/31/2026 | 2,356 | 2,360,106 | ||
Heritage Power LLC, Term Loan (1 mo. USD LIBOR + 6.00%) | 7.00% | 07/30/2026 | 1,697 | 1,595,662 | ||
KAMC Holdings, Inc., First Lien Term Loan B (3 mo. USD LIBOR + 4.00%) | 4.14% | 08/14/2026 | 602 | 580,485 | ||
Lightstone Holdco LLC | ||||||
Term Loan B (3 mo. USD LIBOR + 3.75%) | 4.75% | 01/30/2024 | 2,643 | 2,119,385 | ||
Term Loan C (3 mo. USD LIBOR + 3.75%) | 4.75% | 01/30/2024 | 149 | 119,537 | ||
Nautilus Power LLC, Term Loan (3 mo. USD LIBOR + 4.25%) | 5.25% | 05/16/2024 | 1,334 | 1,303,867 | ||
Pike Corp., Incremental Term Loan B (1 mo. USD LIBOR + 3.00%) | 3.10% | 01/15/2028 | 555 | 554,902 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Utilities–(continued) | ||||||
Revere Power LLC | ||||||
Term Loan B (3 mo. USD LIBOR + 4.25%) | 4.34% | 03/27/2026 | $ 732 | $ 699,991 | ||
Term Loan C (3 mo. USD LIBOR + 4.25%) | 4.34% | 03/27/2026 | 80 | 76,214 | ||
USIC Holding, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 4.00% | 12/08/2023 | 210 | 209,977 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 6.50%)(d) | 7.25% | 05/07/2029 | 172 | 174,912 | ||
Term Loan B (1 mo. USD LIBOR + 3.50%) | 4.25% | 05/31/2028 | 529 | 529,184 | ||
18,780,695 | ||||||
Total Variable Rate Senior Loan Interests (Cost $504,219,039) | 503,180,230 | |||||
U.S. Dollar Denominated Bonds & Notes–8.06% | ||||||
Aerospace & Defense–0.50% | ||||||
TransDigm, Inc.(k) | 6.25% | 03/15/2026 | 2,253 | 2,377,715 | ||
Air Transport–0.67% | ||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd. (k) | 5.75% | 04/20/2029 | 419 | 450,008 | ||
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(k) | 5.50% | 04/20/2026 | 699 | 736,592 | ||
Mesa Airlines, Inc., Class B(d) | 5.75% | 07/15/2025 | 1,250 | 1,380,576 | ||
United Airlines, Inc.(k) | 4.38% | 04/15/2026 | 162 | 168,077 | ||
United Airlines, Inc.(k) | 4.63% | 04/15/2029 | 467 | 483,065 | ||
3,218,318 | ||||||
Building & Development–0.65% | ||||||
American Builders & Contractors Supply Co., Inc. (k) | 4.00% | 01/15/2028 | 177 | 181,292 | ||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC(k) | 5.75% | 05/15/2026 | 2,643 | 2,786,951 | ||
SRS Distribution, Inc.(k) | 4.63% | 07/01/2028 | 127 | 128,327 | ||
3,096,570 | ||||||
Business Equipment & Services–1.05% | ||||||
Advantage Sales & Marketing, Inc. (k) | 6.50% | 11/15/2028 | 1,068 | 1,133,415 | ||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.(k) | 4.63% | 06/01/2028 | 67 | 66,695 | ||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.(k) | 4.63% | 06/01/2028 | 100 | 100,227 | ||
Imola Merger Corp.(k) | 4.75% | 05/15/2029 | 390 | 394,391 | ||
Prime Security Services Borrower LLC/Prime Finance, Inc.(k) | 3.38% | 08/31/2027 | 981 | 943,477 | ||
Prime Security Services Borrower LLC/Prime Finance, Inc.(k) | 5.75% | 04/15/2026 | 1,470 | 1,610,091 | ||
WASH Multifamily Acquisition, Inc.(k) | 5.75% | 04/15/2026 | 719 | 749,881 | ||
4,998,177 | ||||||
Cable & Satellite Television–0.45% | ||||||
Altice Financing S.A. (Luxembourg) (k) | 5.00% | 01/15/2028 | 609 | 605,154 | ||
Altice France S.A. (France)(k) | 5.50% | 01/15/2028 | 328 | 336,281 | ||
CSC Holdings LLC(k) | 5.75% | 01/15/2030 | 180 | 188,115 | ||
Virgin Media Secured Finance PLC (United Kingdom)(k) | 4.50% | 08/15/2030 | 1,018 | 1,016,916 | ||
2,146,466 | ||||||
Chemicals & Plastics–0.06% | ||||||
Herens Holdco Sarl (Luxembourg)(k) | 4.75% | 05/15/2028 | 305 | 306,211 | ||
Drugs–0.10% | ||||||
Endo Luxembourg Finance Co. I S.a.r.l./Endo US, Inc.(k) | 6.13% | 04/01/2029 | 476 | 470,050 | ||
Electronics & Electrical–0.43% | ||||||
Diebold Nixdorf, Inc. (k) | 9.38% | 07/15/2025 | 1,078 | 1,198,116 | ||
Energizer Holdings, Inc.(k) | 4.38% | 03/31/2029 | 528 | 522,060 |
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) | ||||||
TTM Technologies, Inc.(k) | 4.00% | 03/01/2029 | $ 333 | $ 329,997 | ||
2,050,173 | ||||||
Food Service–0.19% | ||||||
eG Global Finance PLC (United Kingdom)(k) | 6.75% | 02/07/2025 | 865 | 886,193 | ||
Health Care–0.12% | ||||||
Global Medical Response, Inc. (k) | 6.50% | 10/01/2025 | 314 | 323,037 | ||
Organon Finance 1 LLC(k) | 4.13% | 04/30/2028 | 259 | 261,914 | ||
584,951 | ||||||
Industrial Equipment–0.83% | ||||||
F-Brasile S.p.A./F-Brasile US LLC, Series XR (Italy) (k) | 7.38% | 08/15/2026 | 2,987 | 3,055,656 | ||
Vertical Holdco GmbH (Germany)(k) | 7.63% | 07/15/2028 | 402 | 433,268 | ||
Vertical US Newco, Inc. (Germany)(k) | 5.25% | 07/15/2027 | 442 | 460,232 | ||
3,949,156 | ||||||
Insurance–0.12% | ||||||
Acrisure LLC/Acrisure Finance, Inc.(k) | 4.25% | 02/15/2029 | 567 | 555,229 | ||
Leisure Goods, Activities & Movies–0.27% | ||||||
AMC Entertainment Holdings, Inc. (k) | 10.50% | 04/15/2025 | 415 | 450,796 | ||
SeaWorld Parks & Entertainment, Inc.(k) | 8.75% | 05/01/2025 | 760 | 825,310 | ||
1,276,106 | ||||||
Lodging & Casinos–0.43% | ||||||
Caesars Entertainment, Inc.(k) | 6.25% | 07/01/2025 | 1,962 | 2,070,244 | ||
Nonferrous Metals & Minerals–0.14% | ||||||
SCIH Salt Holdings, Inc.(k) | 4.88% | 05/01/2028 | 687 | 682,706 | ||
Radio & Television–0.98% | ||||||
Diamond Sports Group LLC/Diamond Sports Finance Co. (Acquired 07/18/2019-11/04/2020; Cost $3,415,987)(e)(k) | 5.38% | 08/15/2026 | 4,272 | 3,166,578 | ||
iHeartCommunications, Inc.(k) | 4.75% | 01/15/2028 | 194 | 198,451 | ||
iHeartCommunications, Inc.(k) | 5.25% | 08/15/2027 | 427 | 442,983 | ||
Nexstar Broadcasting, Inc.(k) | 5.63% | 07/15/2027 | 491 | 519,846 | ||
Univision Communications, Inc.(k) | 4.50% | 05/01/2029 | 322 | 326,273 | ||
4,654,131 | ||||||
Retailers (except Food & Drug)–0.02% | ||||||
PetSmart, Inc./PetSmart Finance Corp.(k) | 4.75% | 02/15/2028 | 85 | 88,141 | ||
Telecommunications–0.85% | ||||||
Avaya, Inc. (k) | 6.13% | 09/15/2028 | 1,181 | 1,255,557 | ||
Cablevision Lightpath LLC(k) | 3.88% | 09/15/2027 | 180 | 175,565 | ||
Connect Finco S.a.r.l./Connect US Finco LLC (United Kingdom)(k) | 6.75% | 10/01/2026 | 341 | 352,945 | ||
Consolidated Communications, Inc.(k) | 6.50% | 10/01/2028 | 276 | 299,079 | ||
Frontier Communications Holdings LLC(k) | 5.88% | 10/15/2027 | 395 | 420,487 | ||
Lumen Technologies, Inc.(k) | 4.00% | 02/15/2027 | 415 | 420,706 | ||
Radiate Holdco LLC/Radiate Finance, Inc. (Acquired 09/11/2020; Cost $81,000)(e)(k) | 4.50% | 09/15/2026 | 81 | 81,990 | ||
Windstream Escrow LLC/Windstream Escrow Finance Corp.(k) | 7.75% | 08/15/2028 | 1,007 | 1,030,302 | ||
4,036,631 |
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–0.20% | ||||||
Calpine Corp. (k) | 4.50% | 02/15/2028 | $ 348 | $ 352,350 | ||
Calpine Corp.(k) | 3.75% | 03/01/2031 | 622 | 586,216 | ||
938,566 | ||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $37,053,323) | 38,385,734 | |||||
Shares | ||||||
Common Stocks & Other Equity Interests–5.95% | ||||||
Aerospace & Defense–1.70% | ||||||
IAP Worldwide Services, Inc. (Acquired 07/18/2014-02/08/2019; Cost $587,458)(d)(e) | 342 | 8,081,813 | ||||
Automotive–0.01% | ||||||
ThermaSys Corp.(d) | 676,996 | 20,310 | ||||
Building & Development–0.00% | ||||||
Lake at Las Vegas Joint Venture LLC, Class A(d) | 780 | 0 | ||||
Lake at Las Vegas Joint Venture LLC, Class B(d) | 9 | 0 | ||||
0 | ||||||
Business Equipment & Services–0.15% | ||||||
Checkout Holding Corp. (Acquired 02/15/2019; Cost $2,251,966)(e) | 6,741 | 18,762 | ||||
Crossmark Holdings, Inc., Wts., expiring 07/26/2024(d) | 4,048 | 708,724 | ||||
Crossmark Holdings, Inc., Wts., expiring 07/26/2024(d) | 744 | 0 | ||||
727,486 | ||||||
Containers & Glass Products–0.00% | ||||||
Libbey Glass, Inc. (Acquired 11/13/2020; Cost $30,388)(e) | 7,597 | 17,093 | ||||
Drugs–0.04% | ||||||
Envigo RMS Holding Corp., Class B(d) | 18,639 | 175,207 | ||||
Financial Intermediaries–0.00% | ||||||
RJO Holdings Corp.(d) | 2,851 | 2,851 | ||||
RJO Holdings Corp., Class A(d) | 2,314 | 2,314 | ||||
RJO Holdings Corp., Class B(d) | 3,000 | 30 | ||||
5,195 | ||||||
Leisure Goods, Activities & Movies–0.25% | ||||||
Crown Finance US, Inc. | 171,770 | 143,823 | ||||
USF S&H Holdco, LLC(d) | 1,785 | 1,052,432 | ||||
1,196,255 | ||||||
Lodging & Casinos–1.08% | ||||||
Bally’s Corp.(l) | 72,757 | 4,222,089 | ||||
Caesars Entertainment, Inc.(l) | 8,413 | 903,977 | ||||
5,126,066 | ||||||
Nonferrous Metals & Minerals–0.12% | ||||||
Covia Holdings Corp. | 63,763 | 581,837 | ||||
Oil & Gas–0.91% | ||||||
AF Global, Inc.(d) | 498 | 12,201 | ||||
California Resources Corp.(l) | 49,130 | 1,425,261 | ||||
California Resources Corp. | 21,431 | 621,713 | ||||
California Resources Corp., Wts., expiring 10/27/2024 | 654 | 3,944 | ||||
Fieldwood Energy LLC (Acquired 04/11/2018; Cost $437,717)(d)(e) | 18,762 | 2,355 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Shares | Value | ||||
Oil & Gas–(continued) | |||||
Fieldwood Energy LLC (Acquired 04/11/2018; Cost $244,048)(d)(e) | 5,065 | $ 636 | |||
HGIM Corp. | 2,553 | 13,403 | |||
HGIM Corp., Wts., expiring 07/02/2043 | 11,411 | 59,908 | |||
McDermott International Ltd.(l) | 860,556 | 421,672 | |||
NexTier Oilfield Solutions, Inc.(l) | 44,006 | 187,025 | |||
Pacific Drilling S.A.(d) | 146 | 16,425 | |||
Paragon Offshore Finance Co., Class A(d)(j) | 2,645 | 794 | |||
Paragon Offshore Finance Co., Class B(d)(j) | 1,323 | 16,538 | |||
Samson Investment Co., Class A | 84,254 | 505,524 | |||
Southcross Energy Partners L.P. | 73,367 | 3,778 | |||
Transocean Ltd.(l) | 191,873 | 725,280 | |||
Tribune Resources, Inc. | 382,888 | 325,455 | |||
Tribune Resources, Inc., Wts., expiring 04/03/2023(d) | 99,132 | 2,478 | |||
4,344,390 | |||||
Publishing–0.13% | |||||
Clear Channel Outdoor Holdings, Inc.(l) | 264,909 | 633,132 | |||
F&W Publications, Inc.(d) | 18,385 | 0 | |||
MC Communications LLC(d) | 739,818 | 0 | |||
633,132 | |||||
Radio & Television–0.55% | |||||
iHeartMedia, Inc., Class A(l) | 112,643 | 2,614,444 | |||
iHeartMedia, Inc., Class B | 17 | 298 | |||
2,614,742 | |||||
Retailers (except Food & Drug)–0.07% | |||||
Claire’s Stores, Inc. | 446 | 109,270 | |||
Toys ’R’ Us-Delaware, Inc.(d) | 17 | 41,827 | |||
Vivarte S.A.S.(d) | 233,415 | 173,914 | |||
325,011 | |||||
Surface Transport–0.08% | |||||
Commercial Barge Line Co. (Acquired 02/15/2018-02/06/2020; Cost $420,320)(e) | 4,992 | 158,496 | |||
Commercial Barge Line Co., Series A, Wts., expiring 08/18/2030 (Acquired 02/15/2018-05/14/2021; Cost $0)(e) | 78,104 | 24,814 | |||
Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045 (Acquired 02/05/2020-05/14/2021; Cost $0)(e) | 61,772 | 26,168 | |||
Commercial Barge Line Co., Wts., expiring 04/27/2045 (Acquired 02/15/2018-02/06/2020; Cost $441,875)(e) | 5,248 | 166,624 | |||
376,102 | |||||
Telecommunications–0.00% | |||||
Goodman Networks, Inc.(d)(l) | 117,618 | 0 | |||
Utilities–0.86% | |||||
Vistra Corp. | 227,983 | 3,686,485 | |||
Vistra Operations Co. LLC, Rts., expiring 12/31/2046 | 366,133 | 425,630 | |||
4,112,115 | |||||
Total Common Stocks & Other Equity Interests (Cost $40,342,156) | 28,336,754 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Interest Rate | Maturity Date | Principal Amount (000) | Value | ||
Non-U.S. Dollar Denominated Bonds & Notes–2.52%(m) | |||||
Building & Development–0.06% | |||||
Haya Real Estate S.A. (Spain) (3 mo. EURIBOR + 5.13%)(k)(n) | 5.13% | 11/15/2022 | EUR | 100 | $ 99,714 |
Haya Real Estate S.A. (Spain)(k) | 5.25% | 11/15/2022 | EUR | 198 | 195,911 |
295,625 | |||||
Cable & Satellite Television–0.25% | |||||
Altice Financing S.A. (Luxembourg)(k) | 3.00% | 01/15/2028 | EUR | 260 | 305,259 |
Altice Finco S.A. (Luxembourg)(k) | 4.75% | 01/15/2028 | EUR | 756 | 906,499 |
1,211,758 | |||||
Chemicals & Plastics–0.13% | |||||
Herens Midco S.a.r.l. (Luxembourg)(k) | 5.25% | 05/15/2029 | EUR | 506 | 608,712 |
Financial Intermediaries–1.22% | |||||
AnaCap Financial Europe S.A. SICAV-RAIF (Italy) (3 mo. EURIBOR + 5.00%)(k)(n) | 5.00% | 08/01/2024 | EUR | 200 | 233,605 |
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%)(k)(n) | 6.25% | 05/01/2026 | EUR | 632 | 786,106 |
Garfunkelux Holdco 3 S.A. (Luxembourg)(k) | 6.75% | 11/01/2025 | EUR | 909 | 1,156,285 |
Newday Bondco PLC (United Kingdom)(k) | 7.38% | 02/01/2024 | GBP | 261 | 376,788 |
Newday Bondco PLC (United Kingdom) (3 mo. GBP LIBOR + 6.50%)(k)(n) | 6.58% | 02/01/2023 | GBP | 2,274 | 3,235,216 |
5,788,000 | |||||
Home Furnishings–0.37% | |||||
Very Group Funding PLC (The) (United Kingdom)(k) | 7.75% | 11/15/2022 | GBP | 1,231 | 1,767,632 |
Lodging & Casinos–0.28% | |||||
TVL Finance PLC (United Kingdom) (3 mo. GBP LIBOR + 5.38%) (Acquired 06/28/2019-05/27/2021; Cost $1,279,843)(e)(k)(n) | 5.46% | 07/15/2025 | GBP | 989 | 1,325,994 |
Oil & Gas–0.01% | |||||
PGS ASA Conv. (Norway)(d) | 5.00% | 02/09/2024 | NOK | 325 | 39,103 |
Retailers (except Food & Drug)–0.20% | |||||
Douglas GmbH (Germany)(k) | 6.00% | 04/08/2026 | EUR | 788 | 969,893 |
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $11,640,514) | 12,006,717 | ||||
Shares | |||||
Preferred Stocks–0.77% | |||||
Automotive–0.00% | |||||
ThermaSys Corp., Series A, Pfd.(d) | 144,220 | 4,327 | |||
Containers & Glass Products–0.04% | |||||
Libbey Glass, Inc. Pfd. (Acquired 11/13/2020; Cost $185,378)(e) | 2,275 | 204,712 | |||
Financial Intermediaries–0.00% | |||||
RJO Holdings Corp., Series A-2, Pfd.(d) | 584 | 2,920 | |||
Oil & Gas–0.14% | |||||
McDermott International Ltd., Pfd.(d) | 563,918 | 366,547 | |||
Southcross Energy Partners L.P., Series A, Pfd.(d) | 292,193 | 153,401 | |||
Southcross Energy Partners L.P., Series B, Pfd.(d) | 77,117 | 113,748 | |||
633,696 | |||||
Surface Transport–0.59% | |||||
Commercial Barge Line Co., Series A, Pfd. (Acquired 02/15/2018-02/06/2020; Cost $938,463)(e) | 18,575 | 659,412 |
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Shares | Value | ||||
Surface Transport–(continued) | |||||
Commercial Barge Line Co., Series A, Pfd., Wts., expiring 04/27/2045 (Acquired 02/15/2018-02/06/2020; Cost $986,469)(e) | 19,526 | $ 693,174 | |||
Commercial Barge Line Co., Series B, Pfd. (Acquired 02/05/2020-10/27/2020; Cost $505,738)(e) | 21,989 | 857,571 | |||
Commercial Barge Line Co., Series B, Pfd., Wts., expiring 04/27/2045 (Acquired 02/05/2020-10/27/2020; Cost $355,189)(e) | 15,443 | 602,277 | |||
2,812,434 | |||||
Telecommunications–0.00% | |||||
Goodman Networks, Inc., Series A-1, Pfd.(d) | 139,938 | 0 | |||
Total Preferred Stocks (Cost $3,415,591) | 3,658,089 | ||||
Interest Rate | Maturity Date | Principal Amount (000) | |||
Asset-Backed Securities–0.25% | |||||
Structured Products–0.25% | |||||
NewStar Berkeley Fund CLO LLC, Series 2016-1A, Class DR (3 mo. USD LIBOR + 4.75%)(k)(n) (Cost $1,220,000) | 4.93% | 10/25/2028 | $ 1,220 | 1,213,491 | |
TOTAL INVESTMENTS IN SECURITIES(o)–123.24% (Cost $597,890,623) | 586,781,015 | ||||
BORROWINGS–(17.33)% | (82,500,000) | ||||
OTHER ASSETS LESS LIABILITIES–(5.91)% | (28,168,783) | ||||
NET ASSETS–100.00% | $476,112,232 |
Investment Abbreviations:
DIP | – Debtor-in-Possession |
EUR | – Euro |
EURIBOR | – Euro Interbank Offered Rate |
GBP | – British Pound Sterling |
LIBOR | – London Interbank Offered Rate |
LOC | – Letter of Credit |
NOK | – Norwegian Krone |
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) | Principal amounts are denominated in U.S. dollars unless otherwise noted. |
(b) | Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. |
(c) | Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the “1933 Act”) and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the 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) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(e) | Restricted security. The aggregate value of these securities at May 31, 2021 was $32,681,586, which represented 6.86% of the Fund’s Net Assets. |
(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) | This variable rate interest will settle after May 31, 2021, at which time the interest rate will be determined. |
(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) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2021 was $6,642,106, which represented 1.40% of the Fund’s Net Assets. |
(j) | The borrower has filed for protection in federal bankruptcy court. |
(k) | Security purchased or received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2021 was $50,186,263, which represented 10.54% of the Fund’s Net Assets. |
(l) | Non-income producing security. |
(m) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(n) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2021. |
(o) | Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Fund’s use of leverage. |
Open Forward Foreign Currency Contracts | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
Currency Risk | ||||||
06/16/2021 | BNP Paribas S.A. | USD | 15,449,728 | EUR | 12,722,108 | $111,662 |
06/16/2021 | BNP Paribas S.A. | USD | 2,913,691 | GBP | 2,058,967 | 11,523 |
06/16/2021 | Citibank, N.A. | USD | 2,870,305 | GBP | 2,028,236 | 11,248 |
06/16/2021 | Royal Bank of Canada | USD | 15,466,266 | EUR | 12,722,107 | 95,123 |
06/16/2021 | Royal Bank of Canada | USD | 2,913,897 | GBP | 2,058,967 | 11,316 |
06/16/2021 | Toronto Dominion Bank | USD | 15,234,173 | EUR | 12,532,225 | 94,957 |
Subtotal—Appreciation | 335,829 | |||||
Currency Risk | ||||||
06/16/2021 | Bank Of America | GBP | 54,846 | USD | 75,368 | (2,553) |
06/16/2021 | Barclays Capital | GBP | 1,680,137 | USD | 2,307,544 | (79,458) |
06/16/2021 | BNP Paribas S.A. | GBP | 1,705,593 | USD | 2,342,623 | (80,546) |
07/16/2021 | BNP Paribas S.A. | EUR | 12,693,437 | USD | 15,424,646 | (110,658) |
07/16/2021 | BNP Paribas S.A. | GBP | 2,088,035 | USD | 2,955,111 | (11,506) |
06/16/2021 | Citibank, N.A. | EUR | 13,034,769 | USD | 15,551,027 | (392,803) |
07/16/2021 | Citibank, N.A. | GBP | 2,020,522 | USD | 2,859,655 | (11,041) |
06/16/2021 | Morgan Stanley & Co. | EUR | 12,564,601 | USD | 14,968,687 | (400,045) |
07/16/2021 | Royal Bank of Canada | EUR | 12,693,437 | USD | 15,441,185 | (94,119) |
07/16/2021 | Royal Bank of Canada | GBP | 2,051,136 | USD | 2,903,093 | (11,098) |
06/16/2021 | State Street Bank & Trust Co. | EUR | 12,377,070 | USD | 14,757,923 | (381,424) |
06/16/2021 | State Street Bank & Trust Co. | GBP | 1,705,593 | USD | 2,342,426 | (80,743) |
07/16/2021 | State Street Bank & Trust Co. | EUR | 116,751 | USD | 142,275 | (615) |
07/16/2021 | State Street Bank & Trust Co. | GBP | 100,000 | USD | 141,894 | (183) |
07/16/2021 | Toronto Dominion Bank | EUR | 12,503,983 | USD | 15,209,470 | (93,964) |
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 | |||||
06/16/2021 | UBS AG | GBP | 1,000,000 | USD | 1,385,160 | $(35,559) |
Subtotal—Depreciation | (1,786,315) | |||||
Total Forward Foreign Currency Contracts | $(1,450,486) |
Abbreviations: | |
EUR | – Euro |
GBP | – British Pound Sterling |
USD | – U.S. Dollar |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan Fund
Notes to Quarterly Schedule of Portfolio Holdings
May 31, 2021
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of May 31, 2021. 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 three months ended May 31, 2021, there were transfers from Level 3 to Level 2 of $5,149,422, due to third-party vendor quotations utilizing more than one market quote. Also, there were transfers from Level 1 to Level 3 of $394,743, due to third party vendor quotations utilizing single market quotes and from Level 2 to Level 3 of $7,278,816, 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 | $— | $465,030,147 | $38,150,083 | $503,180,230 |
U.S. Dollar Denominated Bonds & Notes | — | 37,005,158 | 1,380,576 | 38,385,734 |
Common Stocks & Other Equity Interests | 15,445,022 | 2,580,883 | 10,310,849 | 28,336,754 |
Non-U.S. Dollar Denominated Bonds & Notes | — | 11,967,614 | 39,103 | 12,006,717 |
Preferred Stocks | — | 3,017,146 | 640,943 | 3,658,089 |
Asset-Backed Securities | — | 1,213,491 | — | 1,213,491 |
Total Investments in Securities | 15,445,022 | 520,814,439 | 50,521,554 | 586,781,015 |
Other Investments - Assets* | ||||
Investments Matured | — | 1,018,422 | 1,148,050 | 2,166,472 |
Forward Foreign Currency Contracts | — | 335,829 | — | 335,829 |
— | 1,354,251 | 1,148,050 | 2,502,301 | |
Other Investments - Liabilities* | ||||
Forward Foreign Currency Contracts | — | (1,786,315) | — | (1,786,315) |
Total Other Investments | — | (432,064) | 1,148,050 | 715,986 |
Total Investments | $15,445,022 | $520,382,375 | $51,669,604 | $587,497,001 |
* | 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.
Invesco Senior Loan Fund
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) during the three months ended May 31, 2021:
Value 02/28/21 | Purchases at Cost | Proceeds from Sales | Accrued Discounts/ Premiums | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers out of Level 3 | Value 05/31/21 | |
Variable Rate Senior Loan Interests | $39,847,265 | $ 4,862,600 | $ (8,829,039) | $19,739 | $227,873 | $ (105,858) | $7,274,490 | $(5,146,987) | $ 38,150,083 |
U.S. Dollar Denominated Bonds & Notes | 1,353,837 | – | – | – | – | 26,739 | – | – | 1,380,576 |
Common Stocks & Other Equity Interests | 9,303,563 | 15,330 | (42,663) | – | (205,687) | 1,242,741 | – | (2,435) | 10,310,849 |
Non-U.S. Dollar Denominated Bonds & Notes | – | 327,022 | – | – | – | (287,919) | – | – | 39,103 |
Preferred Stocks | 261,831 | – | – | – | – | (19,957) | 399,069 | – | 640,943 |
Investments Matured | 756,533 | 384,634 | (12,307) | – | – | 19,190 | – | – | 1,148,050 |
Total | $51,523,029 | $ 5,589,586 | $ (8,884,009) | $19,739 | $22,186 | $874,936 | $7,673,559 | $(5,149,422) | $51,669,604 |
Securities determined to be Level 3 at the end of the reporting period were valued primarily by utilizing quotes from a third-party vendor pricing service. A significant change in third-party pricing information could result in a significantly lower or higher value in Level 3 investments.
The following table summarizes the valuation techniques and significant unobservable inputs used in determining fair value measurements for those investments classified as level 3 at period end:
Fair Value at 05/31/21 | Valuation Technique | Unobservable Inputs | Range of Unobservable Inputs | Unobservable Input Used | ||
IAP Worldwide Services, Inc. | $8,081,813 | Enterprise Value | Multiple Last 12 Months Earnings Before Interest, Taxes, Depreciation, and Amortization | N/A N/A | 6x $37.2 million | (a) |
(a) | The Fund fair values certain common equity securities and loans using an Enterprise Value ("EV") approach, which utilizes a multiple of the company’s last 12 months earnings before interest, taxes, depreciation, and amortization. For common equity securities, the EV will be 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. |
Invesco Senior Loan Fund