NPORT-EX 2 edgar.htm EDGAR HTML
Consolidated Schedule of Investments  
May 31, 2025
(Unaudited) 
 
Interest
Rate
Maturity
Date

Principal
Amount
(000)(a)
Value
Variable Rate Senior Loan Interests–86.35%(b)(c)
Aerospace & Defense–1.46%
 
 
ADB Safegate Lux (CEP IV/ADBAS) (Luxembourg), Term Loan B (3 mo. EURIBOR + 4.75%)
 7.45%
10/05/2026
EUR
4,000
$4,527,993
Arxis
      
 
 
Delayed Draw Term Loan(d)
 0.00%
02/26/2032
 
$127
125,871
Term Loan B (3 mo. Term SOFR + 2.75%)
 7.08%
02/26/2032
 
1,341
1,334,233
AVS (Ramudden Global) (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.50%)
 5.56%
12/10/2029
EUR
4,000
4,515,208
Brown Group Holding LLC (Signature Aviation US Holdings, Inc.), Incremental Term Loan
B-2 (1 mo. Term SOFR + 2.75%)
 6.78%
07/01/2031
 
1,717
1,713,683
Gogo Intermediate Holdings LLC, Term Loan (1 mo. Term SOFR + 3.75%)
 8.19%
04/30/2028
 
3,260
3,178,502
Greenrock Finance, Inc., Term Loan (3 mo. Term SOFR + 4.25%)
 8.05%
07/06/2029
 
2,476
2,480,017
KKR Apple Bidco LLC, Term Loan B (1 mo. Term SOFR + 2.50%)
 6.83%
09/22/2028
 
6,013
5,988,580
Peraton Corp., First Lien Term Loan B (1 mo. Term SOFR + 3.75%)
 8.18%
02/01/2028
 
5,184
4,504,786
Propulsion (BC) Newco LLC, Term Loan B (3 mo. Term SOFR + 3.25%)
 7.55%
09/14/2029
 
2,828
2,838,594
Rand Parent LLC, Term Loan B (3 mo. Term SOFR + 3.00%)
 7.30%
03/18/2030
 
3,800
3,735,624
 
 
 
 
34,943,091
Air Transport–0.99%
 
 
AAdvantage Loyality IP Ltd. (American Airlines, Inc.)
      
 
 
Term Loan B (3 mo. Term SOFR + 2.25%)
 6.52%
04/20/2028
 
13,413
13,293,727
Term Loan B(e)
     –
05/07/2032
 
1,027
1,032,986
American Airlines, Inc.
      
 
 
Term Loan (1 mo. Term SOFR + 2.25%)
 6.51%
06/04/2029
 
1,250
1,236,257
Term Loan B (6 mo. Term SOFR + 2.25%)
 6.50%
02/15/2028
 
766
757,147
Stonepeak Nile Parent LLC, Term Loan B (3 mo. Term SOFR + 2.75%)
 9.25%
02/15/2032
 
6,772
6,769,463
United AirLines, Inc., Term Loan B (3 mo. Term SOFR + 2.00%)
 6.28%
02/24/2031
 
604
606,021
 
 
 
 
23,695,601
Automotive–3.18%
 
 
Adient PLC, Term Loan B-2 (1 mo. Term SOFR + 2.75%)
 6.58%
01/31/2031
 
1,946
1,941,567
Autokiniton US Holdings, Inc., Term Loan B (1 mo. Term SOFR + 4.00%)
 8.44%
04/06/2028
 
2,445
2,368,663
Belron Group S.A., Term Loan B (3 mo. Term SOFR + 2.75%)
 7.05%
10/16/2031
 
8,443
8,488,450
Driven Holdings LLC, Term Loan (1 mo. Term SOFR + 3.00%)(f)
 7.44%
12/17/2028
 
862
862,286
Engineered Components & Systems LLC, Term Loan (1 mo. Term SOFR + 6.00%)(f)
10.33%
08/30/2030
 
5,401
5,171,358
First Brands Group LLC
      
 
 
First Lien Incremental Term Loan (3 mo. Term SOFR + 5.00%)
 9.54%
03/30/2027
 
3,859
3,739,877
First Lien Term Loan (3 mo. Term SOFR + 5.00%)
(Acquired 01/04/2024-10/17/2024; Cost $2,672,648)(g)
 9.54%
03/30/2027
 
2,691
2,608,366
Highline Aftermarket Acquisition LLC, Term Loan B (1 mo. Term SOFR + 3.50%)(f)
 7.83%
02/15/2030
 
9,892
9,928,688
Lippert Components, Inc., Term Loan B (1 mo. Term SOFR + 2.00%)(f)
 6.83%
03/19/2032
 
4,160
4,176,054
LS Group Opco Acquisition LLC (LS Group PropCo Acquisition LLC), Term Loan B-1 (3 mo.
Term SOFR + 2.50%)
 6.83%
04/23/2031
 
9,202
9,153,448
Madison Safety & Flow LLC, Term Loan B (1 mo. Term SOFR + 2.75%)
 7.08%
09/26/2031
 
2,550
2,556,883
Mavis Tire Express Services Topco Corp., Term Loan B (3 mo. Term SOFR + 3.00%)
 7.33%
05/04/2028
 
9,170
9,108,977
Paint Intermediate III LLC (Wesco Group), Term Loan B (3 mo. Term SOFR + 3.00%)
 7.30%
09/11/2031
 
1,824
1,828,053
PowerStop LLC, Term Loan B (1 mo. Term SOFR + 4.75%)
 9.13%
01/24/2029
 
7,874
5,941,493
Project Boost Purchaser LLC, Term Loan (3 mo. Term SOFR + 3.00%)
 7.30%
07/16/2031
 
3,040
3,039,071
Valvoline, Inc., Term Loan B(e)
     –
03/19/2032
 
1,884
1,889,701
Wand Newco 3, Inc., Term Loan B (1 mo. Term SOFR + 2.50%)
 6.83%
01/30/2031
 
3,240
3,214,843
 
 
 
 
76,017,778
Beverage & Tobacco–0.30%
 
 
AI Aqua Merger Sub, Inc., Term Loan B (1 mo. Term SOFR + 3.00%)
 7.32%
07/31/2028
 
7,182
7,149,019
Brokers, Dealers & Investment Houses–0.75%
 
 
Ascensus Group Holdings, Inc., Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
08/02/2028
 
1,069
1,067,278
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Brokers, Dealers & Investment Houses–(continued)
Creative Planning (CPI Holdco B LLC)
      
 
 
Incremental Term Loan B (1 mo. Term SOFR + 2.25%)
 6.58%
05/17/2031
 
$8,218
$8,224,372
Term Loan B (1 mo. Term SOFR + 2.00%)
 6.33%
05/17/2031
 
3,995
3,992,199
Orion US Finco (OSTTRA)
      
 
 
Term Loan B(e)
     –
05/20/2032
 
3,413
3,418,915
Term Loan B(e)
     –
05/20/2033
 
1,140
1,142,587
 
 
 
 
17,845,351
Building & Development–4.65%
 
 
BME Holding B.V. (CRHEUD) (Netherlands), Term Loan B-2 (3 mo. EURIBOR + 4.75%)
 6.94%
12/31/2029
EUR
2,000
2,019,126
Brookfield Retail Holdings VII Sub 3 LLC
      
 
 
Term Loan B (1 mo. Term SOFR + 2.60%)
 6.92%
08/27/2025
 
857
856,958
Term Loan B(e)(f)
     –
05/28/2030
 
2,325
2,306,994
Chariot Buyer LLC, First Lien Term Loan (1 mo. Term SOFR + 3.25%)
 7.68%
11/03/2028
 
7,560
7,541,033
Construction Partners, Inc., Term Loan B (1 mo. Term SOFR + 2.50%)
 6.83%
10/29/2031
 
5,806
5,818,388
Core & Main L.P., Term Loan D (6 mo. Term SOFR + 2.00%)
 6.27%
07/27/2028
 
2,550
2,555,010
Empire Today LLC
      
 
 
Term Loan (3 mo. Term SOFR + 5.26%)(f)
 9.54%
08/03/2029
 
13,866
6,170,186
Term Loan A (3 mo. Term SOFR + 5.76%)(f)
10.04%
08/03/2029
 
4,135
3,762,378
Term Loan B (3 mo. Term SOFR + 5.76%)(f)
10.04%
08/03/2029
 
4,122
3,751,203
Flakt Woods (Fusilli Holdco) (France), Term Loan B (6 mo. EURIBOR + 5.00%)
(Acquired 02/01/2022-04/24/2024; Cost $2,005,566)(g)
 7.17%
04/12/2026
EUR
1,815
2,068,826
Gulfside Supply, Inc., Term Loan B (3 mo. Term SOFR + 3.00%)
 7.30%
06/17/2031
 
4,793
4,800,592
Icebox Holdco III, Inc.
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 3.75%)
 8.06%
12/22/2028
 
6,577
6,600,217
Second Lien Term Loan (3 mo. Term SOFR + 6.75%)
11.31%
12/21/2029
 
1,544
1,549,677
Interior Logic Group, Inc. (Signal Parent), Term Loan B (1 mo. Term SOFR + 3.50%)
 7.88%
04/01/2028
 
6,251
4,242,159
IPS Corp./CP Iris Holdco, First Lien Term Loan (1 mo. Term SOFR + 3.50%)
 7.83%
10/02/2028
 
6,006
6,004,061
Janus International Group LLC, Term Loan (3 mo. Term SOFR + 2.50%)
 6.78%
08/03/2030
 
6,730
6,700,391
LHS Borrow LLC (Leaf Home Solutions), Term Loan (1 mo. Term SOFR + 4.75%)
 9.18%
02/16/2029
 
13,342
12,691,869
MI Windows and Doors LLC, Incremental Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
03/28/2031
 
4,810
4,806,092
Oldcastle BuildingEnvelope, Inc., Term Loan B (3 mo. Term SOFR + 4.50%)
 8.55%
04/29/2029
 
5,098
4,626,276
Quikrete Holdings, Inc.
      
 
 
Term Loan B (1 mo. Term SOFR + 2.25%)
 6.58%
03/19/2029
 
4,615
4,616,811
Term Loan B-1 (1 mo. Term SOFR + 2.25%)
 6.58%
04/14/2031
 
8,132
8,106,458
QXO / Beacon Roofing, Term Loan B (1 mo. Term SOFR + 3.00%)
 7.28%
04/23/2032
 
4,015
4,032,763
TAMKO Building Products LLC, Term Loan B (3 mo. Term SOFR + 2.75%)
 7.08%
09/20/2030
 
3,452
3,463,281
Tecta America Corp., Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
02/08/2032
 
2,047
2,052,720
 
 
 
 
111,143,469
Business Equipment & Services–10.55%
 
 
AlixPartners LLP, Term Loan (1 mo. Term SOFR + 2.50%)
 6.94%
02/04/2028
 
4,321
4,332,117
Allied Universal Holdco LLC (USAGM Holdco LLC/UNSEAM), Term Loan (1 mo. Term SOFR +
3.75%)
 8.18%
05/12/2028
 
8,027
8,047,604
Azuria Water Solutions, Inc.
      
 
 
Delayed Draw Term Loan(d)
 0.00%
05/17/2028
 
191
190,465
Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
05/17/2028
 
6,016
6,003,351
Boost Newco Borrower LLC (WorldPay), Term Loan B (3 mo. Term SOFR + 2.00%)
 6.30%
01/31/2031
 
10,344
10,375,172
Checkout Holding Corp. (Catalina Marketing), Term Loan (1 mo. Term SOFR + 7.50%)
11.83%
05/10/2027
 
458
457,033
Cloud Software Group, Inc., Term Loan (3 mo. Term SOFR + 3.75%)
 8.05%
03/21/2031
 
5,947
5,939,899
Constant Contact, Inc.
      
 
 
Second Lien Term Loan (3 mo. Term SOFR + 7.50%)
12.02%
02/12/2029
 
1,329
1,082,875
Term Loan (3 mo. Term SOFR + 4.00%)
 8.52%
02/10/2028
 
13,024
12,263,138
Corporation Service Co., Term Loan B (1 mo. Term SOFR + 2.75%)
 6.33%
11/02/2029
 
6,575
6,577,322
Deerfield Dakota Holding Corp.
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 3.75%)
 8.05%
04/09/2027
 
15,433
15,040,394
Second Lien Term Loan (3 mo. Term SOFR + 6.75%)
11.31%
04/07/2028
 
3,245
3,115,081
DTI HoldCo, Inc., Term Loan B (1 mo. Term SOFR + 4.00%)
 8.33%
04/26/2029
 
5,805
5,806,693
Dun & Bradstreet Corp. (The), Term Loan B (1 mo. Term SOFR + 2.25%)
 6.57%
01/18/2029
 
11,705
11,712,776
Garda World Security Corp. (Canada), Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
02/01/2029
 
14,202
14,180,862
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Business Equipment & Services–(continued)
GI Revelation Acquisition LLC, Term Loan B-4 (1 mo. Term SOFR + 3.75%)
 8.08%
05/12/2028
 
$14,722
$14,682,965
I-Logic Tech Bidco Ltd. (Acuris) (United Kingdom), Term Loan (3 mo. Term SOFR + 3.75%)
 8.05%
02/16/2028
 
3,636
3,640,343
ION Trading Technologies S.a.r.l. (Luxembourg), First Lien Term Loan (3 mo. Term SOFR +
3.50%)
 7.80%
04/01/2028
 
11,446
11,456,744
Kantar Media (Luxembourg), Term Loan B(e)
     –
03/06/2032
EUR
1,834
2,089,354
KronosNet CX Bidco (Comspa Konecta) (Spain), Term Loan B (6 mo. EURIBOR + 5.75%)
 7.92%
10/25/2029
EUR
8,720
8,064,043
Learning Care Group (US) No. 2, Inc., Term Loan B (3 mo. Term SOFR + 4.00%)
 8.28%
08/11/2028
 
3,905
3,914,456
Monitronics International, Inc., DIP Term Loan A (3 mo. Term SOFR + 7.50%)
(Acquired 06/30/2023-02/16/2024; Cost $26,542,876)(g)
12.09%
06/30/2028
 
26,514
26,403,223
OCM System One Buyer CTB LLC, Term Loan B (3 mo. Term SOFR + 3.75%)(f)
 8.05%
03/02/2028
 
5,100
5,115,578
Orchid Merger Sub II LLC, Term Loan (3 mo. Term SOFR + 4.75%)
(Acquired 11/12/2021-02/03/2022; Cost $8,062,443)(g)
 9.23%
07/27/2027
 
8,251
4,142,877
Prime Security Services Borrower, LLC
      
 
 
Term Loan (1 mo. Term SOFR + 2.00%)
 6.33%
10/13/2030
 
453
453,400
Term Loan B (1 mo. Term SOFR + 1.75%)
 6.08%
02/09/2032
 
2,175
2,162,950
Project Dragon (Voyix Digital Banking), Term Loan B (3 mo. Term SOFR + 3.00%)
 7.30%
09/30/2031
 
7,568
7,602,489
Prometric Holdings, Inc., Term Loan B (1 mo. Term SOFR + 4.86%)
 9.19%
01/31/2028
 
5,278
5,317,622
Rubix Group Finco Ltd. (Brammer/IPH) (United Kingdom), Term Loan B (3 mo. EURIBOR +
4.00%)
 6.14%
09/30/2028
EUR
1,128
1,289,531
Ryan LLC (Ryan Tax), Term Loan (1 mo. Term SOFR + 3.50%)
 7.83%
11/14/2030
 
12,287
12,312,252
Socotec (Holding SAS) (France), Term Loan B (3 mo. Term SOFR + 3.75%)
 8.06%
06/02/2028
 
1,175
1,183,250
Spin Holdco, Inc., Term Loan (3 mo. Term SOFR + 4.00%)
 8.56%
03/04/2028
 
29,030
24,980,687
Thermostat Purchaser III, Inc.
      
 
 
Delayed Draw Term Loan B(d)
 0.00%
08/31/2028
 
524
526,697
Term Loan B (3 mo. Term SOFR + 4.25%)
 8.55%
08/31/2028
 
4,761
4,783,623
UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 4.75%)(f)
10.28%
03/20/2027
 
1,431
1,055,744
Verra Mobility Corp., Term Loan B (1 mo. Term SOFR + 2.25%)
 6.58%
03/24/2028
 
5,758
5,794,148
 
 
 
 
252,096,758
Cable & Satellite Television–3.70%
 
 
Altice Financing S.A. (Altice-Int’l) (Luxembourg)
      
 
 
Incremental Term Loan (3 mo. EURIBOR + 5.00%)
 7.28%
10/31/2027
EUR
1,364
1,294,980
Term Loan (6 mo. Term SOFR + 1.75%)(f)
 9.25%
07/15/2025
 
1,348
1,331,467
Term Loan B (3 mo. EURIBOR + 5.00%)
 7.28%
10/31/2027
EUR
3,122
2,964,582
Atlantic Broadband Finance LLC (Cogeco)
      
 
 
Incremental Term Loan B-5 (1 mo. Term SOFR + 2.50%)
 6.94%
09/01/2028
 
6,998
6,947,473
Term Loan B-1 (1 mo. Term SOFR + 3.25%)
 7.58%
09/18/2030
 
6,795
6,745,241
Charter Communications Operating LLC, Term Loan B-5 (3 mo. Term SOFR + 2.25%)
 6.55%
11/21/2031
 
3,159
3,160,769
Numericable-SFR S.A. (France)
      
 
 
Incremental Term Loan B-13 (6 mo. Term SOFR + 4.00%)
10.50%
08/14/2026
 
10,482
9,393,056
Term Loan B-11 (6 mo. Term SOFR + 1.75%)
 9.25%
07/31/2025
 
1,469
1,296,664
Term Loan B-12 (6 mo. Term SOFR + 5.51%)
10.19%
01/31/2026
 
4,790
4,261,578
Term Loan B-14 (3 mo. EURIBOR + 5.50%)
 7.78%
08/15/2028
EUR
6,726
7,058,843
Telenet - LG, Term Loan AR (1 mo. Term SOFR + 2.00%)
 6.44%
04/30/2028
 
6,482
6,349,948
UPC - LG (Sunrise)
      
 
 
Term Loan AAA (6 mo. Term SOFR + 2.50%)
 6.79%
02/17/2032
 
11,102
11,102,736
Term Loan AT (1 mo. Term SOFR + 2.25%)
 6.69%
04/30/2028
 
116
116,394
Virgin Media 02 - LG (United Kingdom)
      
 
 
Term Loan Q (1 mo. Term SOFR + 3.25%)
 7.69%
01/31/2029
 
12,724
12,566,138
Term Loan Y (6 mo. Term SOFR + 3.25%)
 7.37%
03/31/2031
 
14,125
13,933,599
 
 
 
 
88,523,468
Chemicals & Plastics–11.06%
 
 
A&R Logistics Holdings, Inc. (Quantix)
      
 
 
Incremental Term Loan (3 mo. Term SOFR + 6.90%)(f)
11.19%
08/03/2026
 
14,846
14,222,355
Incremental Term Loan (3 mo. Term SOFR + 6.90%)(f)
11.19%
08/06/2026
 
227
217,725
A-Gas Finco, Inc., Term Loan (3 mo. Term SOFR + 5.25%)
 9.55%
12/14/2029
 
7,066
6,507,864
AkzoNobel Chemicals, Term Loan B (3 mo. Term SOFR + 3.25%)
 7.55%
04/03/2028
 
4,334
4,353,226
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Chemicals & Plastics–(continued)
Aruba Investments, Inc.
      
 
 
First Lien Term Loan (1 mo. EURIBOR + 4.00%)
 6.01%
11/24/2027
EUR
1,106
$1,212,753
First Lien Term Loan (1 mo. Term SOFR + 4.00%)
 8.43%
11/24/2027
 
$896
877,017
Ascend Performance Materials Operations LLC
      
 
 
DIP Term Loan (1 mo. Term SOFR + 10.11%)(h)
14.44%
10/23/2025
 
5,100
4,946,765
Term Loan
(Acquired 03/21/2022-02/04/2025; Cost $12,949,420)(g)(h)(i)
 0.00%
08/27/2026
 
13,227
768,799
Austin Powder (A-AP Buyer, Inc.), First Lien Term Loan (1 mo. Term SOFR + 3.25%)
 7.08%
09/09/2031
 
3,192
3,196,287
Caldic (Pearls BidCo) (Netherlands), Term Loan B (3 mo. Term SOFR + 4.00%)
 7.53%
02/26/2029
 
4,648
4,623,691
Charter NEX US, Inc., Term Loan B (1 mo. Term SOFR + 3.00%)
 7.09%
12/01/2030
 
8,208
8,233,336
Derby Buyer LLC (Delrin), Term Loan B (1 mo. Term SOFR + 3.00%)
 7.34%
11/01/2030
 
3,600
3,561,216
Discovery Purchaser Corp. (BES)
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 4.38%)
 8.02%
10/04/2029
 
10,171
10,163,368
Second Lien Term Loan (3 mo. Term SOFR + 7.00%)
11.28%
10/04/2030
 
3,644
3,463,830
Eastman Tire Additives (River Buyer, Inc.), First Lien Term Loan (3 mo. Term SOFR +
5.25%)
(Acquired 08/12/2021-02/14/2023; Cost $9,896,677)(g)
 9.81%
11/01/2028
 
10,199
5,371,269
Flint Group (ColourOz Inv) (Germany)
      
 
 
PIK Term Loan B, 6.90% PIK Rate, 4.64% Cash Rate(j)
 6.90%
12/31/2027
 
48
5,491
Term Loan (3 mo. EURIBOR + 4.25%)
 6.43%
12/31/2026
EUR
6,105
6,706,750
Term Loan (3 mo. Term SOFR + 4.51%)
 8.79%
12/31/2026
 
2,001
1,932,223
Fortis 333, Inc. (Ineos Composites), Term Loan B (3 mo. Term SOFR + 3.50%)
 7.81%
02/06/2032
 
2,426
2,407,469
Fusion (Fusion UK Holding Ltd. & US HoldCo VAD, Inc.), Term Loan B (3 mo. Term SOFR +
3.75%)
 8.05%
12/16/2031
 
3,324
3,280,161
Hasa Intermediate Holdings, LLC
      
 
 
Incremental Delayed Draw Term Loan(d)(f)
 0.00%
01/10/2029
 
324
324,392
Incremental Term Loan (3 mo. Term SOFR + 4.75%)(f)
 9.03%
01/10/2029
 
3,284
3,283,935
Revolver Loan(d)(f)
 0.00%
01/10/2029
 
740
739,565
Revolver Loan (3 mo. Term SOFR + 4.75%)(f)
 9.03%
01/10/2029
 
834
833,977
Ineos Quattro (STYRO)
      
 
 
Term Loan (1 mo. Term SOFR + 4.25%)
 8.58%
10/01/2031
 
9,481
8,509,046
Term Loan B (1 mo. Term SOFR + 4.25%)
 8.68%
04/02/2029
 
10,190
9,374,822
Term Loan B (1 mo. Term SOFR + 3.75%)
 8.18%
03/14/2030
 
2,335
2,086,664
Ineos US Finance LLC
      
 
 
Term Loan (1 mo. Term SOFR + 3.25%)
 7.58%
02/18/2030
 
15,973
15,503,701
Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
02/07/2031
 
10,626
10,291,631
Lummus Technology Holdings V LLC (Illuminate Buyer LLC), Term Loan B (1 mo. Term SOFR
+ 3.00%)
 7.33%
12/31/2029
 
4,856
4,876,006
Nouryon Finance B.V., Term Loan B (3 mo. Term SOFR + 3.25%)
 7.51%
04/03/2028
 
12,727
12,784,944
Oxea Corp. (OQ Chemicals) (Oman)
      
 
 
Term Loan B-1 (3 mo. EURIBOR + 2.78%)
 5.38%
04/07/2031
EUR
10,372
11,274,432
Term Loan B-2 (3 mo. Term SOFR + 3.50%)
 7.35%
04/07/2031
 
6,996
6,681,455
Potters Industries, Term Loan B (3 mo. Term SOFR + 3.00%)
 7.33%
12/14/2027
 
2,140
2,149,123
Proampac PG Borrower LLC, Term Loan (1 mo. Term SOFR + 4.00%)
 8.26%
09/15/2028
 
8,498
8,503,947
Trinseo Materials Operating S.C.A.
      
 
 
Incremental Term Loan (3 mo. Term SOFR + 2.50%)
 6.94%
05/03/2028
 
7,303
3,174,732
Term Loan A (3 mo. Term SOFR + 9.50%)
12.74%
05/03/2028
 
2,273
2,295,992
Term Loan B (3 mo. Term SOFR + 8.50%)
12.74%
05/03/2028
 
16,730
16,946,048
Term Loan C (3 mo. Term SOFR + 8.50%)
12.74%
05/03/2028
 
1,977
2,001,491
Univar, Inc., Term Loan B (1 mo. Term SOFR + 2.75%)
 7.07%
08/01/2030
 
8,317
8,305,790
USALCO LLC
      
 
 
Delayed Draw Term Loan(d)
 0.00%
09/17/2031
 
379
380,617
Term Loan (3 mo. Term SOFR + 4.00%)
 8.30%
09/17/2031
 
3,665
3,684,990
V Global Holdings LLC
      
 
 
Revolver Loan(d)
 0.00%
12/22/2027
 
608
579,647
Revolver Loan (1 mo. Term SOFR + 5.85%)(f)
10.17%
12/22/2027
 
2,210
2,106,520
Term Loan (3 mo. Term SOFR + 5.90%)(f)
10.20%
12/22/2027
 
22,477
21,420,840
W. R. Grace Holdings LLC, Term Loan (3 mo. Term SOFR + 3.75%)
 7.55%
09/22/2028
 
20,265
20,255,162
 
 
 
 
264,421,064
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Clothing & Textiles–0.49%
 
 
ABG Intermediate Holdings 2 LLC
      
 
 
Incremental Term Loan (1 mo. Term SOFR + 2.25%)
 6.58%
02/12/2032
 
$5,225
$5,189,406
Term Loan B (1 mo. Term SOFR + 2.25%)
 6.58%
12/21/2028
 
6,457
6,423,134
 
 
 
 
11,612,540
Containers & Glass Products–2.27%
 
 
Berlin Packaging LLC, Term Loan B (1 mo. Term SOFR + 3.50%)
 7.82%
06/07/2031
 
10,575
10,609,639
Duran Group (Blitz/DWK), Term Loan C-2 (1 mo. Term SOFR + 5.75%)
(Acquired 03/31/2023; Cost $7,207,471)(f)(g)
 9.80%
05/31/2026
 
7,291
6,744,450
Flex Acquisition Co., Inc.
      
 
 
Delayed Draw Term Loan(d)
 0.00%
04/30/2032
 
142
140,780
Delayed Draw Term Loan (3 mo. Term SOFR + 3.25%)
 7.47%
04/30/2032
 
4
4,354
Term Loan B (1 mo. Term SOFR + 3.25%)
 7.49%
04/30/2032
 
8,356
8,301,644
Iris Holding, Inc., First Lien Term Loan (3 mo. Term SOFR + 4.85%)
 9.13%
06/28/2028
 
4,762
4,568,219
Libbey Glass LLC, Term Loan B (3 mo. Term SOFR + 6.65%)
(Acquired 11/22/2022-01/23/2025; Cost $13,863,200)(g)
10.93%
11/22/2027
 
14,391
13,959,123
Mold-Rite Plastics LLC (Valcour Packaging LLC)
      
 
 
Term Loan A-1 (1 mo. Term SOFR + 5.25%)
 9.58%
10/04/2028
 
4,770
4,823,652
Term Loan A-2 (1 mo. Term SOFR + 1.61%)
 5.95%
10/04/2028
 
5,840
4,984,440
 
 
 
 
54,136,301
Cosmetics & Toiletries–0.24%
 
 
Rodenstock (Germany), Term Loan B (3 mo. EURIBOR + 5.00%)
 7.19%
06/29/2028
EUR
5,399
5,739,856
Drugs–0.38%
 
 
Grifols Worldwide Operations USA, Inc., Term Loan B (3 mo. Term SOFR + 2.00%)
 6.48%
11/15/2027
 
9,171
9,151,925
Ecological Services & Equipment–1.37%
 
 
Anticimex Global AB (Sweden)
      
 
 
Term Loan B-1 (3 mo. Term SOFR + 3.50%)
 7.66%
11/16/2028
 
1,020
1,021,416
Term Loan B-6 (1 mo. Term SOFR + 3.40%)
 7.66%
11/16/2028
 
4,393
4,408,983
EnergySolutions LLC, Term Loan (1 mo. Term SOFR + 4.00%)(f)
 7.58%
09/20/2030
 
7,600
7,618,470
Erie US Merger Sub, Inc., Term Loan B (3 mo. Term SOFR + 2.50%)
 6.82%
02/04/2032
 
7,308
7,285,140
Groundworks LLC
      
 
 
Delayed Draw Term Loan(d)
 0.00%
03/14/2031
 
842
841,479
Delayed Draw Term Loan (1 mo. Term SOFR + 3.50%)
 7.32%
03/14/2031
 
159
159,079
Term Loan (1 mo. Term SOFR + 3.50%)
 7.32%
03/14/2031
 
5,405
5,402,075
MIP V Waste LLC (GreenWaste), Term Loan (3 mo. Term SOFR + 3.00%)(f)
 7.28%
12/08/2028
 
701
705,794
OGF (VESCAP/Obol France 3/PHM) (Netherlands), Term Loan B (3 mo. EURIBOR + 5.00%)
 7.19%
12/29/2028
EUR
2,000
2,213,946
Tidal Waste & Recycling Holdings LLC (Coastal Waste & Recyling), Term Loan (3 mo. Term
SOFR + 3.50%)
 7.80%
10/03/2031
 
3,101
3,119,751
 
 
 
 
32,776,133
Electronics & Electrical–8.04%
 
 
Allegro MicroSystems, Inc., Term Loan B (1 mo. Term SOFR + 2.00%)
 6.33%
10/31/2030
 
491
492,110
Applied Systems, Inc., First Lien Term Loan (3 mo. Term SOFR + 3.00%)
 6.80%
02/24/2031
 
1,435
1,441,998
AQA Acquisition Holding, Inc. (SmartBear), Term Loan B (1 mo. Term SOFR + 4.00%)
 8.28%
03/03/2028
 
3,287
3,295,944
Avalara, Inc. (United Kingdom), Term Loan B (3 mo. Term SOFR + 3.25%)
 7.55%
03/19/2032
 
5,097
5,106,045
EverCommerce, Term Loan B (1 mo. Term SOFR + 3.25%)
 6.83%
07/06/2028
 
4,086
4,098,592
Exclusive Group (France)
      
 
 
Term Loan B-1 (3 mo. Term SOFR + 4.50%)(f)
 8.80%
12/14/2031
 
2,882
2,874,926
Term Loan B-2 (3 mo. Term SOFR + 4.50%)(f)
 8.78%
12/05/2031
 
1,436
1,432,079
GoTo Group, Inc. (LogMeIn), Second Lien Term Loan (1 mo. Term SOFR + 4.75%)
 9.18%
04/30/2028
 
10,352
3,862,761
Idemia Group S.A.S. (Oberthur Tech/Morpho/OBETEC), Term Loan B-5 (3 mo. Term SOFR +
4.25%)
 8.55%
09/30/2028
 
6,435
6,463,420
Infinite Electronics
      
 
 
First Lien Incremental Term Loan (1 mo. Term SOFR + 6.25%)(f)
10.57%
03/02/2028
 
1,311
1,238,647
First Lien Term Loan (3 mo. Term SOFR + 3.25%)
 8.29%
03/02/2028
 
8,720
7,978,894
Second Lien Term Loan (3 mo. Term SOFR + 7.00%)
11.54%
03/02/2029
 
750
646,445
Informatica Corp., Term Loan B (1 mo. Term SOFR + 2.25%)
 6.58%
10/27/2028
 
2,051
2,060,169
Instructure Holdings, Inc., Second Lien Term Loan (3 mo. Term SOFR + 5.00%)
 9.21%
09/10/2032
 
2,260
2,269,871
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Electronics & Electrical–(continued)
ION Corp. (Helios Software), Term Loan (3 mo. Term SOFR + 3.50%)
 7.80%
07/18/2030
 
$3,621
$3,622,945
Learning Pool (Brook Bidco Ltd.) (United Kingdom)
      
 
 
Term Loan (3 mo. Term SOFR + 7.18%)(f)
11.46%
08/17/2028
 
2,370
2,275,110
Term Loan (3 mo. Term SOFR + 7.18%)(f)
11.46%
08/17/2028
 
6,221
5,972,359
Term Loan (3 mo. GBP SONIA + 7.03%)(f)
11.49%
08/17/2028
GBP
1,969
2,557,111
Term Loan (3 mo. GBP SONIA + 7.03%)(f)
11.49%
08/17/2028
GBP
501
650,017
Mavenir Systems, Inc.
      
 
 
Delayed Draw Term Loan (6 mo. Term SOFR + 10.00%)(f)
14.44%
06/30/2025
 
266
361,336
Incremental Term Loan (1 mo. Term SOFR + 9.86%)
(Acquired 12/18/2024-12/27/2024; Cost $784,516)(f)(g)
14.26%
06/30/2025
 
798
1,110,579
Incremental Term Loan (3 mo. Term SOFR + 9.87%)(f)
14.40%
06/30/2025
 
393
541,268
Incremental Term Loan (3 mo. Term SOFR + 10.00%)
(Acquired 11/26/2024-12/05/2024; Cost $1,049,142)(f)(g)
14.42%
06/30/2025
 
1,066
1,472,883
Term Loan (3 mo. Term SOFR + 10.00%)(f)
14.25%
06/30/2025
 
826
1,122,551
Term Loan (3 mo. EURIBOR + 3.50%)
 5.77%
07/15/2030
EUR
1,066
1,208,910
Term Loan B (3 mo. Term SOFR + 4.75%)
(Acquired 09/27/2021-10/31/2022; Cost $11,720,840)(f)(g)
 9.34%
08/18/2028
 
11,731
351,926
McAfee Enterprise, Term Loan (3 mo. Term SOFR + 6.25%)
10.53%
07/27/2028
 
5,881
5,929,088
Mirion Technologies, Inc., Term Loan B (3 mo. Term SOFR + 2.25%)
 6.55%
10/20/2028
 
4,800
4,814,936
Modena Buyer LLC (End User Computing), Term Loan (3 mo. Term SOFR + 4.50%)
 8.78%
07/01/2031
 
1,472
1,430,805
Natel Engineering Co., Inc., Term Loan (1 mo. Term SOFR + 6.25%)
10.69%
04/30/2026
 
15,126
14,067,389
Native Instruments (Music Creation Group GmbH/APTUS) (Germany), Term Loan B (3 mo.
EURIBOR + 4.00%)
(Acquired 01/14/2022-03/10/2025; Cost $4,549,761)(f)(g)
10.51%
03/03/2028
EUR
4,026
3,771,422
Opal Bidco S.A.S., Term Loan (3 mo. EURIBOR + 3.50%)
 5.62%
03/31/2032
EUR
1,000
1,140,179
Particle Luxembourg S.a.r.l. (WebPros) (Netherlands), Term Loan B (1 mo. Term SOFR +
4.00%)
 8.08%
03/28/2031
 
5,765
5,797,035
Proofpoint, Inc., Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
08/31/2028
 
18,914
18,931,522
Quest Software US Holdings, Inc., First Lien Term Loan (3 mo. Term SOFR + 4.25%)
(Acquired 01/20/2022-02/02/2022; Cost $13,824,364)(f)(g)
 8.73%
02/01/2029
 
13,899
10,702,336
RANGE RED OPER, Inc., Second Lien Term Loan (1 mo. Term SOFR + 8.10%)(f)
12.42%
10/01/2029
 
8
0
Renaissance Holding Corp., Term Loan (1 mo. Term SOFR + 4.00%)
 8.28%
04/05/2030
 
10,159
9,400,438
Shift4 Payments, LLC, Term Loan B(e)
     –
05/10/2032
 
1,832
1,844,948
SonicWall U.S. Holdings, Inc.
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 5.00%)
 9.30%
05/18/2028
 
7,859
7,733,431
Second Lien Term Loan (3 mo. Term SOFR + 7.50%)
11.95%
05/18/2026
 
1,834
1,687,664
STG-Fairway Acquisitions, Inc., Term Loan B (1 mo. Term SOFR + 3.25%)
 7.58%
10/31/2031
 
6,201
6,205,687
Storable, Term Loan B (1 mo. Term SOFR + 3.25%)
 7.58%
04/17/2031
 
3,536
3,541,235
Ultimate Software Group, Inc., First Lien Term Loan (3 mo. Term SOFR + 3.50%)
 7.33%
02/10/2031
 
5,003
5,018,277
UST Holdings Ltd., Term Loan B (1 mo. Term SOFR + 3.75%)(f)
 7.33%
11/20/2028
 
7,537
7,575,084
Utimaco (SGT Ultimate BidCo GmbH) (Germany)
      
 
 
Term Loan B-1 (6 mo. EURIBOR + 5.75%)(f)
 7.79%
05/31/2029
EUR
9,126
9,957,992
Term Loan B-2 (6 mo. Term SOFR + 5.75%)(f)
10.01%
05/31/2029
 
5,122
4,973,374
Varsity Brands Holding Co., Inc., Term Loan B (3 mo. Term SOFR + 3.50%)
 7.83%
08/26/2031
 
3,107
3,091,465
 
 
 
 
192,123,203
Financial Intermediaries–2.68%
 
 
AssetMark Financial Holdings, Inc., Term Loan B (3 mo. Term SOFR + 3.00%)
 7.05%
09/05/2031
 
1,926
1,925,746
AssuredPartners, Inc., Term Loan B-5 (1 mo. Term SOFR + 3.50%)
 7.83%
02/14/2031
 
11,431
11,462,799
Broadstreet Partners, Inc., Term Loan B (1 mo. Term SOFR + 3.25%)
 7.33%
06/13/2031
 
7,641
7,657,684
Citrin Cooperman Advisors, LLC
      
 
 
Delayed Draw Term Loan(d)
 0.00%
03/31/2032
 
232
231,029
Term Loan B (1 mo. Term SOFR + 3.00%)
 7.28%
03/31/2032
 
3,597
3,580,947
Eisner Advisory Group LLC
      
 
 
Delayed Draw Term Loan(d)(f)
 0.00%
02/28/2031
 
4,168
4,167,669
Incremental Term Loan (1 mo. Term SOFR + 4.00%)
 8.33%
02/28/2031
 
6,411
6,441,256
Grant Thornton Advisors LLC
      
 
 
Delayed Draw Term Loan(d)
 0.00%
06/02/2031
 
178
177,361
Incremental Term Loan (1 mo. Term SOFR + 3.00%)
 7.33%
06/02/2031
 
2,843
2,844,852
Term Loan B (1 mo. Term SOFR + 2.75%)
 7.08%
06/02/2031
 
9,188
9,170,937
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Financial Intermediaries–(continued)
LendingTree, Inc., Term Loan B (1 mo. Term SOFR + 3.75%)
 8.44%
09/15/2028
 
$7,542
$7,488,941
Tegra118 Wealth Solutions, Inc., Term Loan (3 mo. Term SOFR + 4.00%)
 8.32%
02/18/2027
 
7,336
7,259,585
Tricor (Thevelia/Vistra-Virtue), Term Loan (3 mo. Term SOFR + 3.00%)
 7.30%
06/18/2029
 
1,593
1,600,777
 
 
 
 
64,009,583
Food Products–1.92%
 
 
Arnott’s (Snacking Investments US LLC), Term Loan (3 mo. Term SOFR + 4.00%)
 8.28%
12/18/2026
 
6,661
6,706,155
Biscuit Holding S.A.S. (BISPOU/Cookie Acq) (United Kingdom), Term Loan B (6 mo. EURIBOR
+ 4.00%)
 6.38%
02/12/2027
EUR
1,000
1,108,279
Florida Food Products LLC
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 5.00%)(f)
 9.30%
10/18/2028
 
3,493
2,480,185
First Lien Term Loan (3 mo. Term SOFR + 5.00%)
 9.56%
10/18/2028
 
14,663
10,465,819
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%)(f)
12.56%
10/18/2029
 
2,864
1,503,412
Nomad Foods Ltd. (United Kingdom), Term Loan B-5 (6 mo. Term SOFR + 3.00%)
 6.54%
11/12/2029
 
6,150
6,161,714
Sigma Holdco B.V. (Netherlands)
      
 
 
Term Loan B (3 mo. EURIBOR + 4.00%)
 6.56%
01/02/2028
EUR
1,000
1,135,172
Term Loan B (6 mo. Term SOFR + 3.88%)
 8.07%
01/03/2028
 
7,520
7,513,002
Solina Group Services (Powder Bidco) (France), Term Loan B (3 mo. Term SOFR + 3.25%)
 7.55%
03/07/2029
 
5,961
5,968,197
United Petfood (Belgium), Term Loan B (3 mo. EURIBOR + 2.75%)
 5.17%
02/05/2032
EUR
1,901
2,161,084
Valeo Foods (Platform Bidco Ltd.) (United Kingdom), Delayed Draw Term Loan (3 mo.
EURIBOR + 4.75%)
 7.11%
09/29/2028
EUR
637
727,091
 
 
 
 
45,930,110
Food Service–0.76%
 
 
Areas (Pax Midco Spain) (Spain), Term Loan B-3 (3 mo. EURIBOR + 4.00%)
 6.52%
12/31/2029
EUR
7,000
7,960,550
IRB Holding Corp., Term Loan B (1 mo. Term SOFR + 2.50%)
 6.83%
12/15/2027
 
10,279
10,281,028
 
 
 
 
18,241,578
Forest Products–0.19%
 
 
NewLife Forest Restoration LLC, Term Loan (f)
10.00%
04/10/2029
 
4,567
4,567,381
Health Care–4.76%
 
 
Acacium (Impala Bidco Ltd.) (United Kingdom), Incremental Term Loan B (1 mo. Term
SOFR + 5.25%)
 9.11%
06/08/2028
 
2,922
2,235,510
Ascend Learning LLC
      
 
 
Second Lien Term Loan (1 mo. Term SOFR + 5.75%)
10.18%
12/10/2029
 
2,277
2,270,747
Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
12/10/2028
 
2,964
2,953,468
Cerba (Chrome Bidco) (United Kingdom)
      
 
 
Incremental Term Loan C (1 mo. EURIBOR + 3.95%)
 5.96%
02/16/2029
EUR
3,806
3,366,523
Term Loan B (1 mo. EURIBOR + 3.70%)
 5.71%
06/30/2028
EUR
11,025
9,765,665
Certara Holdco, Inc., Term Loan B (3 mo. Term SOFR + 3.00%)(f)
 7.30%
06/26/2031
 
447
447,252
Global Medical Response, Inc., Term Loan (1 mo. Term SOFR + 5.00%)
 9.08%
10/31/2028
 
13,963
14,004,314
ImageFirst, Term Loan B (3 mo. Term SOFR + 3.25%)(f)
 7.55%
03/15/2032
 
3,148
3,148,081
International SOS L.P. (AEA International), Term Loan B (3 mo. Term SOFR + 2.75%)(f)
 7.05%
09/07/2028
 
5,291
5,298,097
IVC Evidensia (Indep Vetcare Group) (United Kingdom), Term Loan B (3 mo. Term SOFR +
3.75%)
 8.05%
12/06/2028
 
966
972,073
Lanai Holdings III, Inc. (Performance Health), Term Loan B (6 mo. Term SOFR + 3.75%)(f)
 7.95%
02/28/2032
 
3,873
3,795,375
LSCS Holdings, Inc. (Eversana), Term Loan (3 mo. Term SOFR + 4.50%)
 8.80%
09/04/2025
 
248
243,235
MB2 Dental Solutions LLC
      
 
 
Delayed Draw Term Loan(d)(f)
 0.00%
02/15/2031
 
266
267,270
Delayed Draw Term Loan(d)(f)
 0.00%
02/15/2031
 
966
971,353
Delayed Draw Term Loan (1 mo. Term SOFR + 5.50%)(f)
 9.83%
02/15/2031
 
462
464,984
Delayed Draw Term Loan (1 mo. Term SOFR + 5.50%)(f)
 9.83%
02/15/2031
 
591
594,877
Revolver Loan(d)(f)
 0.00%
02/15/2031
 
114
114,267
Revolver Loan (1 mo. Term SOFR + 5.50%)(f)
 9.83%
02/15/2031
 
29
28,567
Term Loan (1 mo. Term SOFR + 5.50%)(f)
 9.83%
02/13/2031
 
4,084
4,108,305
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Health Care–(continued)
MedAssets Software Intermediate Holdings, Inc. (nThrive TSG)
      
 
 
First Lien Term Loan (1 mo. Term SOFR + 5.25%)
 9.57%
12/17/2028
 
$1,164
$1,162,671
Term Loan (1 mo. Term SOFR + 4.00%)
 8.32%
12/17/2028
 
4,563
4,463,366
Term Loan (1 mo. Term SOFR + 4.11%)
 8.44%
12/17/2028
 
4,498
4,070,352
Term Loan (1 mo. Term SOFR + 6.86%)
11.19%
12/17/2029
 
269
219,725
MJH Healthcare Holdings LLC, Term Loan B (1 mo. Term SOFR + 3.25%)
 7.68%
01/28/2029
 
2,296
2,299,538
Opella, Term Loan B (6 mo. Term SOFR + 3.25%)
 7.44%
03/31/2032
 
10,312
10,338,197
Organon & Co., Term Loan (1 mo. Term SOFR + 2.25%)
 6.57%
05/19/2031
 
2,846
2,778,082
Pathway Vet Alliance LLC, First Lien Term Loan(e)
     –
09/30/2029
 
3,810
3,807,468
R1 RCM, Inc.
      
 
 
Delayed Draw Term Loan B(d)
 0.00%
10/24/2031
 
174
173,533
Term Loan B (1 mo. Term SOFR + 3.25%)
 7.58%
10/24/2031
 
2,432
2,429,458
Sharp Services LLC, Term Loan B (3 mo. Term SOFR + 3.25%)
 7.55%
12/31/2028
 
90
90,833
Southern Veterinary Partners LLC, Term Loan B (3 mo. Term SOFR + 3.25%)
 7.53%
12/11/2031
 
5,795
5,806,796
Summit Behavioral Healthcare LLC, Term Loan B (3 mo. Term SOFR + 4.25%)
 8.55%
11/24/2028
 
1,326
1,012,573
TEAM Services Group LLC, Term Loan B (1 mo. Term SOFR + 5.25%)
 9.53%
12/20/2027
 
5,146
5,139,212
TTF Holdings LLC (Soliant), Term Loan B (6 mo. Term SOFR + 3.75%)
 8.00%
07/18/2031
 
9,280
9,170,348
Waystar Technologies, Inc., First Lien Term Loan (1 mo. Term SOFR + 2.25%)
 6.58%
10/22/2029
 
199
199,725
Zelis Cost Management Buyer, Inc.
      
 
 
Term Loan B (1 mo. Term SOFR + 3.25%)
 7.58%
11/26/2031
 
3,546
3,545,350
Term Loan B-2 (1 mo. Term SOFR + 2.75%)
 7.08%
09/28/2029
 
2,010
1,998,321
 
 
 
 
113,755,511
Home Furnishings–2.35%
 
 
Hilding Anders AB (Sweden)
      
 
 
Term Loan (6 mo. EURIBOR + 10.00%)
(Acquired 04/27/2023-07/17/2023; Cost $102,796)(f)(g)
12.14%
12/31/2026
EUR
96
108,644
Term Loan (6 mo. EURIBOR + 10.00%)
(Acquired 09/26/2023-10/30/2023; Cost $139,414)(f)(g)
12.14%
12/31/2026
EUR
132
149,715
Term Loan(f)
12.00%
02/26/2027
EUR
84
95,401
Hunter Douglas Holding B.V., Term Loan B (3 mo. Term SOFR + 3.25%)
 7.55%
01/14/2032
 
2,577
2,548,484
Kidde Global Solutions, Term Loan B (1 mo. Term SOFR + 4.25%)
 8.57%
10/02/2031
 
6,930
6,834,591
Serta Simmons Bedding LLC
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 7.60%)(f)
11.88%
06/29/2028
 
700
700,710
Term Loan (3 mo. Term SOFR + 7.50%)
11.91%
06/29/2028
 
9,628
8,828,520
SIWF Holdings, Inc.
      
 
 
First Lien Delayed Draw Term Loan(d)
 0.00%
12/19/2029
 
5,793
5,811,098
Term Loan A-1 (1 mo. Term SOFR + 4.50%)
 8.83%
12/19/2029
 
4,487
4,500,748
Term Loan A-2 (1 mo. Term SOFR + 4.00%)
 8.44%
12/19/2025
 
12,264
9,857,279
Tempur Sealy International, Inc., Term Loan B (1 mo. Term SOFR + 2.50%)
 6.76%
10/03/2031
 
6,851
6,884,214
VC GB Holdings, Inc., First Lien Term Loan (3 mo. Term SOFR + 3.00%)
 8.06%
07/21/2028
 
2,575
2,536,884
Weber-Stephen Products LLC
      
 
 
Incremental Term Loan B (1 mo. Term SOFR + 4.25%)
 8.68%
10/30/2027
 
1,692
1,690,327
Term Loan B (1 mo. Term SOFR + 3.25%)
 7.69%
10/30/2027
 
5,702
5,665,562
 
 
 
 
56,212,177
Industrial Equipment–2.98%
 
 
Alliance Laundry Systems LLC, Term Loan B (1 mo. Term SOFR + 2.75%)
 7.08%
08/19/2031
 
3,230
3,235,987
Chart Industries, Inc., Term Loan B (3 mo. Term SOFR + 2.50%)
 6.79%
03/15/2030
 
1,454
1,459,974
Cleanova US Holdings, LLC, Term Loan B(e)(f)
     –
05/22/2032
 
3,224
3,127,166
Crosby US Acquisition Corp., Term Loan (1 mo. Term SOFR + 3.50%)
 7.83%
08/16/2029
 
2,884
2,892,371
Discovery Energy Holding Co. (Kohler Energy), Term Loan B (3 mo. Term SOFR + 4.75%)
 8.05%
05/01/2031
 
4,343
4,327,097
DXP Enterprises, Inc., Term Loan B (1 mo. Term SOFR + 3.75%)
 8.08%
10/11/2030
 
4,665
4,691,787
Kantar (Summer BC Bidco/KANGRP) (Luxembourg)
      
 
 
Revolver Loan(d)
 0.00%
06/04/2026
 
6,542
6,198,457
Revolver Loan(e)
     –
06/04/2026
 
458
434,043
Term Loan B
 9.56%
02/15/2029
 
10,210
10,128,850
Madison IAQ LLC, Term Loan B (1 mo. Term SOFR + 3.25%)
 7.56%
03/29/2032
 
8,086
8,103,973
Minimax (-Viking GmbH, -MX Holdings US, Inc.), Term Loan B (1 mo. Term SOFR +
2.25%)(f)
 6.58%
02/17/2032
 
3,348
3,356,130
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Industrial Equipment–(continued)
Tank Holding Corp.
      
 
 
Revolver Loan(d)(f)
 0.00%
03/31/2028
 
$1,702
$1,566,579
Term Loan (1 mo. Term SOFR + 6.00%)
10.18%
03/31/2028
 
11,924
11,261,312
Thyssenkrupp Elevators (Vertical Midco GmbH) (Germany)
      
 
 
Term Loan B (3 mo. EURIBOR + 3.25%)
 5.85%
04/30/2030
EUR
1,214
1,381,282
Term Loan B (1 mo. Term SOFR + 3.00%)
 7.24%
04/30/2030
 
950
952,989
Victory Buyer LLC (Vantage Elevator)
      
 
 
First Lien Term Loan (1 mo. Term SOFR + 3.75%)
 8.19%
11/19/2028
 
7,543
7,458,623
Second Lien Term Loan (1 mo. Term SOFR + 7.00%)(f)
11.44%
11/19/2029
 
789
755,547
 
 
 
 
71,332,167
Insurance–2.56%
 
 
Acrisure LLC, Term Loan B-6 (1 mo. Term SOFR + 3.00%)
 7.33%
11/06/2030
 
12,021
11,978,228
Alliant Holdings Intermediate LLC, Term Loan B (1 mo. Term SOFR + 3.00%)
 7.07%
09/19/2031
 
14,999
14,951,754
AmWINS Group, Inc., Term Loan B (1 mo. Term SOFR + 2.25%)
 6.58%
01/23/2032
 
5,257
5,257,163
HUB International Ltd., Term Loan B (3 mo. Term SOFR + 2.50%)
 6.77%
06/20/2030
 
2,112
2,114,735
Ryan Specialty Group LLC, Term Loan B (1 mo. Term SOFR + 2.25%)
 6.58%
09/15/2031
 
3,979
3,978,897
Sedgwick Claims Management Services, Inc., Term Loan (1 mo. Term SOFR + 3.00%)
 7.33%
07/31/2031
 
10,526
10,553,972
Truist Insurance Holdings, Term Loan B (3 mo. Term SOFR + 2.75%)
 7.05%
05/06/2031
 
3,858
3,856,354
USI, Inc.
      
 
 
Term Loan B (3 mo. Term SOFR + 2.25%)
 6.55%
11/23/2029
 
5,144
5,134,021
Term Loan B (3 mo. Term SOFR + 2.25%)
 6.55%
09/27/2030
 
3,351
3,340,617
 
 
 
 
61,165,741
Leisure Goods, Activities & Movies–4.45%
 
 
ATG Entertainment
      
 
 
Term Loan B(e)(f)
     –
03/21/2032
 
3,147
3,158,409
Term Loan B(e)(f)
     –
04/02/2032
EUR
1,018
1,167,906
Carnival Corp.
      
 
 
Term Loan B (1 mo. Term SOFR + 2.00%)
 6.33%
07/14/2025
 
536
537,425
Term Loan B (1 mo. Term SOFR + 2.00%)
 6.33%
10/18/2028
 
2,190
2,193,287
Crown Finance US, Inc., Term Loan B (1 mo. Term SOFR + 5.25%)
 9.58%
12/02/2031
 
15,993
16,034,880
Fitness International LLC, Term Loan B (1 mo. Term SOFR + 5.25%)
 9.58%
02/05/2029
 
5,134
5,155,403
Galileo Global Education Finance S.a.r.l. (Luxembourg)
      
 
 
Term Loan B-4 (3 mo. EURIBOR + 3.25%)
 5.38%
07/14/2031
EUR
75
84,910
Term Loan B-4 (3 mo. EURIBOR + 3.25%)
 5.38%
07/19/2031
EUR
870
984,490
GBT Group Servicers B.V. (fka Global Business Travel Holdings Ltd.) (United Kingdom),
Term Loan B (3 mo. Term SOFR + 2.50%)
 6.78%
07/25/2031
 
10,953
10,960,585
Herschend Entertainment Co., LLC, Term Loan B (1 mo. Term SOFR + 3.25%)
 7.57%
05/14/2032
 
4,120
4,135,907
Lakeland Tours LLC, Term Loan
 8.00%
09/25/2027
 
1,122
43,496
LC Ahab US Bidco LLC, Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
05/01/2031
 
2,376
2,351,819
Nord Anglia Education (Netherlands), Term Loan B (1 mo. Term SOFR + 3.25%)
 7.58%
01/09/2032
 
7,192
7,225,429
Orbiter International S.a.r.l. (United Kingdom), Term Loan (6 mo. EURIBOR + 3.92%)
 6.48%
10/25/2028
EUR
3,000
3,214,334
Parques Reunidos (Piolin Bidco S.A.U.) (Luxembourg)
      
 
 
Revolver Loan(d)(f)
 0.00%
03/16/2026
EUR
3,482
3,677,374
Term Loan B-4 (6 mo. EURIBOR + 4.50%)
 7.05%
09/16/2029
EUR
786
900,246
Scenic (Columbus Capital B.V.) (Australia), Term Loan (3 mo. EURIBOR + 3.75%)
(Acquired 02/24/2022-02/16/2024; Cost $7,099,546)(g)
 5.91%
03/05/2027
EUR
7,000
7,870,656
Seaworld Parks & Entertainment, Inc., Term Loan B-2 (1 mo. Term SOFR + 2.00%)(f)
 6.33%
11/19/2031
 
2,548
2,538,074
US Fitness LLC
      
 
 
Delayed Draw Term Loan(d)(f)
 0.00%
09/04/2031
 
985
979,837
Revolver Loan(d)(f)
 0.00%
09/30/2031
 
1,773
1,749,537
Term Loan B (3 mo. Term SOFR + 5.50%)(f)
 9.78%
09/04/2031
 
7,947
7,907,040
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Leisure Goods, Activities & Movies–(continued)
Vue International Bidco PLC (United Kingdom)
      
 
 
Second Lien Term Loan (6 mo. EURIBOR + 8.50%)
(Acquired 02/20/2024-04/08/2025; Cost $3,762,292)(f)(g)
10.75%
12/31/2027
EUR
5,050
$8,028,519
Term Loan (6 mo. EURIBOR + 8.00%)
(Acquired 09/22/2022-02/20/2024; Cost $2,281,497)(g)
10.26%
06/30/2027
EUR
2,229
2,511,781
Term Loan (6 mo. EURIBOR + 8.50%)
(Acquired 02/20/2024-04/08/2025; Cost $3,312,208)(f)(g)
10.75%
12/31/2027
EUR
3,124
4,965,345
Term Loan (6 mo. EURIBOR + 8.00%)
(Acquired 02/20/2024-04/08/2025; Cost $1,508,929)(f)(g)
10.26%
06/30/2027
EUR
1,436
2,608,967
World Choice Investments, Term Loan B (3 mo. Term SOFR + 4.75%)
 9.07%
08/13/2031
 
$5,380
5,406,466
 
 
 
 
106,392,122
Lodging & Casinos–0.16%
 
 
Aimbridge Acquisition Co., Inc.
      
 
 
First Lien Term Loan (1 mo. Term SOFR + 5.50%)
 9.95%
03/12/2030
 
820
820,124
Term Loan (1 mo. Term SOFR + 7.61%)
11.95%
03/11/2030
 
732
722,618
Hilton Grand Vacations Borrower LLC, Term Loan (1 mo. Term SOFR + 3.00%)
 6.33%
08/02/2028
 
90
90,026
Motel One (One Hotels GmbH) (Germany), Term Loan B(e)
     –
05/03/2032
EUR
911
1,043,287
Travel + Leisure Co., Term Loan B (1 mo. Term SOFR + 2.50%)
 6.83%
12/14/2029
 
1,148
1,145,830
 
 
 
 
3,821,885
Nonferrous Metals & Minerals–0.83%
 
 
AZZ, Inc., Term Loan (1 mo. Term SOFR + 2.50%)
 6.83%
05/14/2029
 
2,290
2,302,100
Covia Holdings Corp., Term Loan B (1 mo. Term SOFR + 3.25%)
 9.75%
02/13/2032
 
7,576
7,580,710
Form Technologies LLC, Term Loan (1 mo. Term SOFR + 5.75%)
10.02%
05/30/2030
 
3,732
3,554,836
SCIH Salt Holdings, Inc. (Kissner Group), First Lien Incremental Term Loan B-1 (3 mo. Term
SOFR + 4.00%)
 7.28%
01/31/2029
 
6,413
6,406,078
 
 
 
 
19,843,724
Oil & Gas–1.89%
 
 
ITT Holdings LLC (IMTT), Term Loan B (1 mo. Term SOFR + 3.00%)
 7.08%
10/11/2030
 
3,154
3,160,552
McDermott International Ltd.
      
 
 
LOC(d)
 0.00%
06/30/2027
 
4,210
3,431,442
LOC (3 mo. Term SOFR + 4.26%)
 8.56%
06/30/2027
 
2,095
1,330,015
PIK Term Loan, 3.00% PIK Rate, 5.44% Cash Rate(j)
 3.00%
12/31/2027
 
1,915
844,733
Term Loan (1 mo. Term SOFR + 3.00%)
 7.44%
06/30/2027
 
550
302,480
PG Investment Co. 59 S.a.r.l./URSA Minor US Bidco LLC (Rosen), Term Loan B (3 mo. Term
SOFR + 3.50%)
 7.30%
03/26/2031
 
4,090
4,102,036
Rockpoint Gas Storage Partners L.P. (Canada), Term Loan B (3 mo. Term SOFR + 3.00%)
 7.30%
09/18/2031
 
6,771
6,782,281
Third Coast Super Holdings LLC, Term Loan B (1 mo. Term SOFR + 4.25%)
 8.58%
09/25/2030
 
14,797
14,825,027
TransMontaigne Partners LLC, Term Loan B (1 mo. Term SOFR + 3.50%)
 7.58%
11/17/2028
 
8,519
8,559,395
WhiteWater Matterhorn, Term Loan B(e)
     –
05/12/2032
 
1,837
1,836,911
 
 
 
 
45,174,872
Publishing–2.52%
 
 
Cengage Learning, Inc., Term Loan B (1 mo. Term SOFR + 3.50%)
 7.82%
03/22/2031
 
15,886
15,924,352
Century DE Buyer LLC (Simon & Schuster), First Lien Term Loan (3 mo. Term SOFR +
3.50%)
 7.78%
10/30/2030
 
3,020
3,035,266
Dotdash Meredith, Inc., Term Loan B (1 mo. Term SOFR + 3.50%)
 7.82%
12/01/2028
 
12,325
12,348,538
Harbor Purchaser, Inc. (Houghton Mifflin Harcourt)
      
 
 
First Lien Term Loan B (1 mo. Term SOFR + 5.25%)
 9.63%
04/09/2029
 
10,582
10,543,262
Second Lien Term Loan B (1 mo. Term SOFR + 8.00%)
12.78%
04/08/2030
 
8,460
8,312,010
McGraw-Hill Education, Inc., Term Loan B (1 mo. Term SOFR + 3.25%)
 7.58%
08/06/2031
 
10,093
10,133,201
 
 
 
 
60,296,629
Radio & Television–0.12%
 
 
iHeartCommunications, Inc., Term Loan (1 mo. Term SOFR + 5.89%)
10.21%
05/01/2029
 
2,842
2,341,298
Nexstar Broadcasting, Inc., Term Loan B (1 mo. Term SOFR + 2.50%)
 6.94%
06/02/2028
 
529
526,628
 
 
 
 
2,867,926
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Retailers (except Food & Drug)–1.42%
 
 
Action Holding B.V. (Peer Holdings) (Netherlands)
      
 
 
Term Loan B (3 mo. Term SOFR + 2.50%)
 6.80%
07/01/2031
 
$5,123
$5,141,154
Term Loan B-4 (3 mo. Term SOFR + 2.50%)
 6.80%
10/28/2030
 
6,946
6,971,679
Bass Pro Group LLC, Term Loan B (1 mo. Term SOFR + 3.25%)
 7.58%
01/31/2032
 
5,000
4,969,375
CNT Holdings I Corp. (1-800 Contacts), Term Loan B (3 mo. Term SOFR + 2.50%)
 6.78%
11/08/2032
 
9,304
9,303,609
Harbor Freight Tools USA, Inc., Term Loan B (1 mo. Term SOFR + 2.50%)
 6.58%
06/11/2031
 
207
200,502
Savers, Inc., Term Loan (1 mo. Term SOFR + 5.50%)
 8.05%
04/26/2028
 
7,233
7,245,551
 
 
 
 
33,831,870
Surface Transport–0.92%
 
 
First Student Bidco, Inc.
      
 
 
Term Loan B (3 mo. Term SOFR + 2.50%)
 6.80%
07/21/2028
 
41
41,426
Term Loan B-2 (3 mo. Term SOFR + 2.50%)
 6.80%
07/21/2028
 
13,053
13,076,374
Term Loan C (3 mo. Term SOFR + 2.50%)
 6.80%
07/21/2028
 
54
54,577
Hurtigruten Group AS (Explorer II AS) (Norway)
      
 
 
Term Loan A (6 mo. EURIBOR + 7.50%)
 9.97%
01/30/2030
EUR
2,752
3,168,535
Term Loan B (6 mo. EURIBOR + 8.00%)
10.47%
07/30/2030
EUR
974
986,586
Patriot Rail Co. LLC, Term Loan B (3 mo. Term SOFR + 3.00%)
 7.30%
03/01/2032
 
1,724
1,729,897
STG Distribution LLC, PIK Term Loan, 7.25% PIK Rate, 5.43% Cash Rate(f)(j)
 7.25%
10/03/2029
 
3,462
2,959,760
 
 
 
 
22,017,155
Telecommunications–3.74%
 
 
Avaya, Inc., Term Loan (1 mo. Term SOFR + 7.50%)
11.83%
08/01/2028
 
8,452
6,719,670
Crown Subsea Communications Holding, Inc., Term Loan B (1 mo. Term SOFR + 4.00%)
 8.32%
01/30/2031
 
10,103
10,159,909
Eagle Broadband Investments LLC (Mega Broadband), Term Loan (3 mo. Term SOFR +
3.00%)
 7.56%
11/12/2027
 
8,842
8,820,859
Genesys Cloud Services Holdings I LLC, Term Loan B (1 mo. Term SOFR + 2.50%)
 6.83%
01/26/2032
 
200
200,154
Inmarsat Finance PLC (United Kingdom), Term Loan (1 mo. Term SOFR + 4.50%)
 8.83%
09/27/2029
 
12,401
11,385,628
Level 3 Financing, Inc., Term Loan B (1 mo. Term SOFR + 4.25%)
 8.58%
03/30/2032
 
14,330
14,439,965
Lumen Technologies, Inc.
      
 
 
Term Loan B-1 (1 mo. Term SOFR + 2.35%)
 6.79%
04/15/2030
 
2
2,450
Term Loan B-2 (1 mo. Term SOFR + 2.35%)
 6.79%
04/15/2029
 
647
641,444
MLN US HoldCo LLC (dba Mitel)
      
 
 
DIP Term Loan (1 mo. Term SOFR + 8.00%)(f)(h)
12.33%
07/03/2025
 
12,120
10,362,691
DIP Term Loan (1 mo. Term SOFR + 8.00%)(f)(h)
12.33%
07/31/2025
 
10,206
7,348,055
First Lien Term Loan B(h)(i)
 0.00%
11/30/2025
 
328
2,465
Revolver Loan(f)(h)(i)
 0.00%
11/18/2025
 
4,506
1,441,987
Second Lien Term Loan B(h)(i)
 0.00%
11/30/2026
 
215
1,619
Second Lien Term Loan B-1(e)(f)(h)(i)
 0.00%
10/18/2027
 
32,765
165,461
Term Loan(f)(h)(i)
 0.00%
10/18/2027
 
4,130
1,321,493
Third Lien Term Loan(e)(f)(h)(i)
 0.00%
10/18/2027
 
8,144
41,126
Voyage Digital (NC) Ltd. (New Zealand), Term Loan (3 mo. Term SOFR + 3.25%)(f)
 7.57%
05/11/2029
 
7,376
7,375,757
Windstream Services LLC, Term Loan B (1 mo. Term SOFR + 4.75%)(f)
 9.18%
09/25/2031
 
8,917
8,962,027
 
 
 
 
89,392,760
Utilities–2.67%
 
 
Alpha Generation LLC, Term Loan B (1 mo. Term SOFR + 2.75%)
 7.08%
09/30/2031
 
5,952
5,984,623
Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. Term SOFR + 2.75%)
 6.57%
01/27/2031
 
8,342
8,335,730
Calpine Corp.
      
 
 
Term Loan B-10 (1 mo. Term SOFR + 2.00%)
 6.08%
01/31/2031
 
232
232,294
Term Loan B-5 (1 mo. Term SOFR + 1.75%)
 6.08%
12/16/2027
 
1,790
1,791,152
Cornerstone Generation LLC, Term Loan B(e)
     –
10/28/2031
 
7,681
7,726,219
Covanta Holding Corp.
      
 
 
Term Loan B (1 mo. Term SOFR + 2.50%)
 6.84%
11/30/2028
 
2,587
2,601,368
Term Loan C (1 mo. Term SOFR + 2.50%)
 6.84%
11/30/2028
 
142
143,224
Eastern Power LLC, Term Loan (1 mo. Term SOFR + 5.25%)
 9.58%
04/03/2028
 
4,481
4,477,664
Edgewater Generation, Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
08/01/2030
 
3,713
3,733,782
Hamilton Projects Acquiror LLC, Term Loan B (1 mo. Term SOFR + 3.00%)
 7.33%
05/22/2031
 
2,133
2,144,508
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Utilities–(continued)
KAMC Holdings, Inc. (Franklin Energy Group)
      
 
 
First Lien Term Loan B (3 mo. Term SOFR + 4.00%)
(Acquired 08/14/2019-05/06/2025; Cost $5,823,496)(g)
 8.59%
08/14/2026
 
$6,014
$5,772,583
Incremental Term Loan (3 mo. Term SOFR + 4.26%)(f)
 8.59%
08/14/2026
 
426
409,028
Lightning Power LLC, Term Loan B (3 mo. Term SOFR + 3.25%)
 6.55%
08/16/2031
 
11,531
11,561,025
Talen Energy Supply LLC
      
 
 
Incremental Term Loan (3 mo. Term SOFR + 2.50%)
 6.81%
12/13/2031
 
1,823
1,828,587
Term Loan B (3 mo. Term SOFR + 2.50%)
 6.81%
05/17/2030
 
7,002
7,025,019
 
 
 
 
63,766,806
Total Variable Rate Senior Loan Interests (Cost $2,197,182,386)
2,063,995,554
U.S. Dollar Denominated Bonds & Notes–5.36%
Aerospace & Defense–0.28%
 
 
Rand Parent LLC (k)
 8.50%
02/15/2030
 
6,730
6,637,429
Building & Development–0.43%
 
 
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC (k)
 5.75%
05/15/2026
 
549
544,236
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC(k)
 4.50%
04/01/2027
 
5,937
5,770,403
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC(k)
 6.75%
04/01/2032
 
805
811,562
QXO Building Products, Inc.(k)
 6.75%
04/30/2032
 
1,789
1,838,823
Signal Parent, Inc.(k)
 6.13%
04/01/2029
 
3,431
1,406,710
 
 
 
 
10,371,734
Business Equipment & Services–0.98%
 
 
Acuris Finance US, Inc./Acuris Finance S.a.r.l. (k)
 9.00%
08/01/2029
 
9,112
9,319,298
Allied Universal Holdco LLC(k)
 7.88%
02/15/2031
 
5,976
6,197,345
Boost Newco Borrower LLC(k)
 7.50%
01/15/2031
 
7,243
7,668,048
Cloud Software Group, Inc.(k)
 8.25%
06/30/2032
 
256
269,443
 
 
 
 
23,454,134
Cable & Satellite Television–0.79%
 
 
Altice Financing S.A. (Luxembourg) (k)
 5.75%
08/15/2029
 
2,188
1,674,187
Altice Financing S.A. (Luxembourg)(k)
 5.00%
01/15/2028
 
11,665
9,144,339
Altice France S.A. (France)(k)
 5.50%
01/15/2028
 
4,994
4,303,395
Altice France S.A. (France)(k)
 5.50%
10/15/2029
 
4,322
3,675,432
 
 
 
 
18,797,353
Chemicals & Plastics–0.55%
 
 
Clydesdale Acquisition Holdings, Inc. (k)
 6.75%
04/15/2032
 
222
224,515
SK Invictus Intermediate II S.a.r.l.(k)
 5.00%
10/30/2029
 
7,476
7,109,212
Windsor Holdings III LLC(k)
 8.50%
06/15/2030
 
5,420
5,741,769
 
 
 
 
13,075,496
Electronics & Electrical–0.04%
 
 
Diebold Nixdorf, Inc. (k)
 7.75%
03/31/2030
 
894
941,925
Financial Intermediaries–0.26%
 
 
Virgin Media Secured Finance PLC (United Kingdom) (k)
 4.50%
08/15/2030
 
6,819
6,301,782
Food Products–0.33%
 
 
Sigma Holdco B.V. (Netherlands) (k)
 7.88%
05/15/2026
 
200
198,999
Viking Baked Goods Acquisition Corp.(k)
 8.63%
11/01/2031
 
8,240
7,789,273
 
 
 
 
7,988,272
Health Care–0.44%
 
 
Global Medical Response, Inc., 1.25% PIK Rate, 8.75% Cash Rate (j)(k)
 1.25%
10/31/2028
 
2,884
2,890,844
Opal Bidco SAS (France)(k)
 6.50%
03/31/2032
 
1,659
1,658,727
Organon & Co./Organon Foreign Debt Co-Issuer B.V.(k)
 6.75%
05/15/2034
 
4,537
4,226,502
Raven Acquisition Holdings LLC(k)
 6.88%
11/15/2031
 
1,679
1,675,578
 
 
 
 
10,451,651
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Industrial Equipment–0.47%
 
 
Chart Industries, Inc. (k)
 7.50%
01/01/2030
 
$5,405
$5,648,500
EMRLD Borrower L.P./Emerald Co-Issuer, Inc.(k)
 6.63%
12/15/2030
 
5,423
5,484,625
 
 
 
 
11,133,125
Insurance–0.58%
 
 
Acrisure LLC/Acrisure Finance, Inc. (k)
 7.50%
11/06/2030
 
803
829,137
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(k)
 6.50%
10/01/2031
 
2,988
3,015,654
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(k)
 7.00%
01/15/2031
 
3,278
3,354,931
HUB International Ltd.(k)
 7.25%
06/15/2030
 
1,606
1,673,528
Panther Escrow Issuer LLC(k)
 7.13%
06/01/2031
 
4,874
5,045,218
 
 
 
 
13,918,468
Publishing–0.03%
 
 
McGraw-Hill Education, Inc. (k)
 7.38%
09/01/2031
 
585
602,305
Retailers (except Food & Drug)–0.10%
 
 
Evergreen Acqco 1 L.P./TVI, Inc. (k)
 9.75%
04/26/2028
 
2,394
2,507,909
Utilities–0.08%
 
 
Calpine Corp. (k)
 4.50%
02/15/2028
 
1,928
1,892,199
Total U.S. Dollar Denominated Bonds & Notes (Cost $130,168,724)
128,073,782
 
 
 
Shares
 
Common Stocks & Other Equity Interests–3.78%(l)
Aerospace & Defense–0.02%
 
 
IAP Worldwide Services, Inc. (Acquired 07/18/2014-08/18/2014; Cost $145,528)(f)(g)
      
 
 
134
0
IAP Worldwide Services, Inc.(f)(m)
      
 
 
838,949
453,032
IAP Worldwide Services, Inc., Class A(f)(m)
      
 
 
134,338
134,338
 
 
 
 
587,370
Automotive–0.02%
 
 
Cabonline, Class D (Sweden)(f)
      
 
 
312,441,524
439,969
Cabonline, Class D1 (Sweden)(f)
      
 
 
10,996,102
1,153
Cabonline, Class D2 (Sweden)(f)
      
 
 
9,384,746
494
Dayco Products LLC (Acquired 06/16/2006-05/29/2008; Cost $104,068)(f)(g)
      
 
 
3,261
0
Dayco Products LLC (Acquired 06/16/2006-02/18/2014; Cost $1,275,974)(f)(g)
      
 
 
3,266
0
 
 
 
 
441,616
Building & Development–0.00%
 
 
Lake at Las Vegas Joint Venture LLC, Class A (Acquired 04/28/2010-07/15/2010;
Cost $664,569)(f)(g)
      
 
 
518
0
Lake at Las Vegas Joint Venture LLC, Class B (Acquired 06/30/2010;
Cost $3,408,940)(f)(g)
      
 
 
4
0
 
 
 
 
0
Business Equipment & Services–1.47%
 
 
Monitronics International, Inc. (Acquired 06/30/2023; Cost $8,220,186)(f)(g)
      
 
 
408,355
14,161,751
My Alarm Center LLC, Class A (Acquired 03/09/2021-05/17/2024;
Cost $5,987,242)(f)(g)(n)
      
 
 
68,686
20,945,855
 
 
 
 
35,107,606
Chemicals & Plastics–0.00%
 
 
Flint Group (ColourOz Inv), Class A (Germany)(f)
      
 
 
35,089
0
Containers & Glass Products–0.02%
 
 
Libbey Glass LLC (Acquired 11/13/2020-02/10/2022; Cost $146,927)(f)(g)
      
 
 
36,078
485,249
Electronics & Electrical–0.24%
 
 
Diebold Nixdorf, Inc. (Acquired 08/11/2023; Cost $2,508,074)(g)(o)
      
 
 
121,163
5,836,422
Mavenir Systems, Inc., Wts.(f)
      
 
 
1,590,971
1
RANGE RED OPER, Inc.(f)
      
 
 
6
0
 
 
 
 
5,836,423
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
 
 
Shares
Value
Forest Products–0.58%
 
 
Restoration Forest Products Group LLC(f)(n)
      
 
 
153,362
$13,926,791
Home Furnishings–0.16%
 
 
Serta Simmons Bedding LLC
      
 
 
363,612
3,817,926
Industrial Equipment–0.00%
 
 
North American Lifting Holdings, Inc.
      
 
 
7,347
8,493
Leisure Goods, Activities & Movies–0.67%
 
 
Crown Finance US, Inc.
      
 
 
588,117
13,673,721
Crown Finance US, Inc.
      
 
 
3,058
71,099
Hurtigruten Group AS (Norway)
      
 
 
83,231
2,174,395
Hurtigruten Norway (Norway)(f)
      
 
 
16,764
191,989
Vue International Bidco PLC, Class A1 (Acquired 02/20/2024; Cost $0) (United
Kingdom)(f)(g)
      
 
 
13,004
0
Vue International Bidco PLC, Class A2 (Acquired 02/20/2024; Cost $0) (United
Kingdom)(f)(g)
      
 
 
6,404,275
7
Vue International Bidco PLC, Class A3 (Acquired 02/20/2024; Cost $0) (United
Kingdom)(f)(g)
      
 
 
3,986,481
5
Vue International Bidco PLC, Class A4 (United Kingdom)(f)
      
 
 
2,779,140
3
 
 
 
 
16,111,219
Lodging & Casinos–0.20%
 
 
Aimbridge Acquisition Co., Inc.(f)
      
 
 
67,574
4,189,588
Caesars Entertainment, Inc. (Acquired 07/21/2020; Cost $742,068)(g)(o)
      
 
 
19,983
537,143
 
 
 
 
4,726,731
Oil & Gas–0.16%
 
 
McDermott International Ltd.(o)
      
 
 
189,415
2,746,517
Samson Investment Co., Class A (Acquired 03/01/2017; Cost $4,259,838)(f)(g)
      
 
 
261,209
2,612
Talos Energy, Inc.(o)
      
 
 
123,143
990,070
 
 
 
 
3,739,199
Radio & Television–0.02%
 
 
iHeartMedia, Inc., Class A(o)
      
 
 
306,089
400,977
iHeartMedia, Inc., Class B(f)(o)
      
 
 
29
25
 
 
 
 
401,002
Retailers (except Food & Drug)–0.00%
 
 
Claire’s Stores, Inc.
      
 
 
692
104
Surface Transport–0.11%
 
 
Commercial Barge Line Co. (Acquired 02/15/2018-02/06/2020; Cost $1,212,169)(f)(g)
      
 
 
14,574
1,186,615
Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045 (Acquired
08/18/2023-05/20/2025; Cost $169,217)(f)(g)
      
 
 
288,714
180,446
Commercial Barge Line Co., Wts., expiring 04/27/2045 (Acquired
02/15/2018-02/06/2020; Cost $1,274,332)(f)(g)
      
 
 
15,321
1,247,436
 
 
 
 
2,614,497
Telecommunications–0.11%
 
 
Avaya Holdings Corp. (Acquired 05/01/2023; Cost $4,396,125)(g)
      
 
 
293,075
2,246,860
Avaya, Inc. (Acquired 05/01/2023; Cost $797,295)(g)
      
 
 
53,153
407,497
 
 
 
 
2,654,357
Total Common Stocks & Other Equity Interests (Cost $110,670,795)
90,458,583
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
 
Non-U.S. Dollar Denominated Bonds & Notes–2.89%(p)
Air Transport–0.20%
 
 
SGL Group ApS (Denmark) (3 mo. EURIBOR + 4.25%)
 6.78%
02/24/3031
EUR
815
910,062
SGL Group ApS (Denmark) (3 mo. EURIBOR + 4.75%)(q)
 7.01%
04/22/2030
EUR
3,500
3,930,069
 
 
 
 
4,840,131
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Automotive–0.23%
 
 
Cabonline Group Holding AB (Sweden) (Acquired 10/13/2023; Cost $817,199)(g)(k)
10.00%
03/19/2028
SEK
9,385
$942,199
Cabonline Group Holding AB (Sweden) (Acquired 10/12/2023; Cost $1,706,620)(g)(k)
12.00%
03/19/2028
SEK
18,769
1,884,399
Cabonline Group Holding AB (Sweden) (Acquired 03/24/2022; Cost $3,855,248)(g)(i)(k)
 0.00%
04/19/2029
SEK
36,287
1,703,275
Conceria Pasubio S.p.A. (Italy) (3 mo. EURIBOR + 4.50%)(k)(q)
 6.86%
09/30/2028
EUR
917
970,093
 
 
 
 
5,499,966
Building & Development–0.01%
 
 
HX Hold Co. Ltd. (Norway)
 7.00%
02/12/2030
EUR
286
299,785
Electronics & Electrical–0.06%
 
 
Castor S.p.A. (Italy) (3 mo. EURIBOR + 5.25%)(k)(q)
 7.75%
02/15/2029
EUR
1,229
1,354,651
Financial Intermediaries–1.09%
 
 
AnaCap (AFE S.A. SICAV-RAIF) (Italy) (3 mo. EURIBOR + 7.50%) (Acquired
01/31/2018-11/24/2021; Cost $8,233,947)(g)(k)(q)
 9.68%
07/15/2030
EUR
7,201
4,282,377
AnaCap (AFE S.A. SICAV-RAIF) (Italy) (3 mo. EURIBOR + 7.50%) (Acquired 10/14/2024;
Cost $592,779)(g)(k)(q)
 9.68%
07/15/2030
EUR
1,000
594,692
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%) (Acquired
10/23/2020-11/26/2020; Cost $2,300,797)(g)(k)(q)
 8.43%
05/01/2026
EUR
1,945
1,560,332
Garfunkelux Holdco 3 S.A. (Luxembourg) (Acquired 06/30/2022-12/08/2022;
Cost $6,748,392)(g)(k)
 6.75%
11/01/2025
EUR
6,615
5,297,604
Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 5.50%)(k)(q)
 8.00%
12/15/2029
EUR
9,750
11,085,861
Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 5.50%)(k)(q)
 8.00%
12/15/2029
EUR
2,750
3,126,781
 
 
 
 
25,947,647
Food Service–0.41%
 
 
Selecta Group B.V. 10.00% PIK Rate, 9.25% Cash Rate (Switzerland)(f)(j)(k)
10.00%
07/01/2026
EUR
9,782
9,884,977
Home Furnishings–0.58%
 
 
Very Group Funding PLC (The) (United Kingdom)(k)
 6.50%
08/01/2026
GBP
3,150
4,253,992
Very Group Funding PLC (The) (United Kingdom)(k)
 6.50%
08/01/2026
GBP
7,141
9,643,731
 
 
 
 
13,897,723
Industrial Equipment–0.06%
 
 
Summer (BC) Holdco B S.a.r.l. (Luxembourg) (3 mo. EURIBOR + 4.25%)(k)(q)
 6.39%
02/15/2030
EUR
1,285
1,440,637
Surface Transport–0.25%
 
 
Zenith Finco PLC (United Kingdom) (Acquired 01/20/2022-01/27/2022;
Cost $6,631,767)(g)(k)
 6.50%
06/30/2027
GBP
4,906
5,007,726
Zenith Finco PLC (United Kingdom) (Acquired 08/30/2022; Cost $900,579)(g)(k)
 6.50%
06/30/2027
GBP
846
863,542
 
 
 
 
5,871,268
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $73,628,919)
69,036,785
 
 
 
Shares
 
Preferred Stocks–0.41%(l)
Oil & Gas–0.00%
 
 
Southcross Energy Partners L.P., Pfd.(f)
      
 
 
577,315
3,406
Retailers (except Food & Drug)–0.01%
 
 
Vivarte S.A.S.U., Pfd. (France)(f)
      
 
 
241,195
91,197
Surface Transport–0.40%
 
 
Commercial Barge Line Co., Series B, Pfd.(f)
      
 
 
68,517
5,650,597
Commercial Barge Line Co., Series B, Pfd.,Wts., expiring 04/27/2045 (Acquired
02/05/2020-10/27/2020; Cost $1,114,451)(f)(g)
      
 
 
48,119
3,968,374
 
 
 
 
9,618,971
Total Preferred Stocks (Cost $4,458,826)
9,713,574
 
Money Market Funds–3.23%
Invesco Government & Agency Portfolio,Institutional Class, 4.24%(n)(r)
 
27,073,684
27,073,684
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
 
 
 
Shares
Value
 
Invesco Treasury Portfolio,Institutional Class, 4.22%(n)(r)
 
50,280,241
$50,280,241
Total Money Market Funds (Cost $77,353,925)
77,353,925
TOTAL INVESTMENTS IN SECURITIES–102.02% (Cost $2,593,463,575)
2,438,632,203
OTHER ASSETS LESS LIABILITIES–(2.02)%
(48,351,872
)
NET ASSETS–100.00%
$2,390,280,331
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
Pfd.
– Preferred
PIK
– Pay-in-Kind
SEK
– Swedish Krona
SOFR
– Secured Overnight Financing Rate
SONIA
– Sterling Overnight Index Average
USD
– U.S. Dollar
Wts.
– Warrants
Notes to Consolidated Schedule of Investments: 
(a)
Principal amounts are denominated in U.S. dollars unless otherwise noted.
(b)
Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers
repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be
substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three
to five years.
(c)
Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the “1933 Act”) and may
be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a
base, such as the Secured Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that
float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank.
(d)
All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding.
(e)
This variable rate interest will settle after May 31, 2025, at which time the interest rate will be determined.
(f)
Security valued using significant unobservable inputs (Level 3). See Note 1.
(g)
Restricted security. The aggregate value of these securities at May 31, 2025 was $184,834,707, which represented 7.73% of the Fund’s Net Assets.
(h)
Acquired as part of a bankruptcy restructuring.
(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, 2025
was $5,446,225, which represented less than 1% of the Fund’s Net Assets.
(j)
All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities.
(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, 2025 was $191,970,651, which
represented 8.03% of the Fund’s Net Assets.
(l)
Securities acquired through the restructuring of senior loans.
(m)
Acquired through direct lending. Direct loans may be subject to liquidity and interest rate risk and certain direct loans may be deemed illiquid.
(n)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended May 31, 2025.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
Value
May 31, 2025
Dividend Income
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional
Class
$15,885,119
$226,064,323
$(214,875,758)
$-
$-
$27,073,684
$524,847
Invesco Treasury Portfolio, Institutional Class
29,505,352
419,833,742
(399,058,853)
-
-
50,280,241
1,088,420
Investments in Other Affiliates:
My Alarm Center LLC, Class A
16,204,447
-
-
4,741,408
-
20,945,855
-
Restoration Forest Products Group LLC
18,458,510
2,504,156
-
(7,035,875)
-
13,926,791
-
Total
$80,053,428
$648,402,221
$(613,934,611)
$(2,294,467)
$-
$112,226,571
$1,613,267
 
(o)
Non-income producing security.
(p)
Foreign denominated security. Principal amount is denominated in the currency indicated.
(q)
Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2025.
(r)
The rate shown is the 7-day SEC standardized yield as of May 31, 2025.
 
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
Open Forward Foreign Currency Contracts
Settlement
Date
Counterparty
Contract to
Unrealized
Appreciation
(Depreciation)
Deliver
Receive
Currency Risk
 
 
 
06/30/2025
Barclays Bank PLC
USD
82,286
SEK
788,840
$130
06/30/2025
BNP Paribas S.A.
EUR
62,216,414
USD
71,073,474
307,408
07/31/2025
BNP Paribas S.A.
EUR
58,305,187
USD
66,472,181
17,799
07/31/2025
BNP Paribas S.A.
GBP
6,347,091
USD
8,577,364
23,487
07/31/2025
Canadian Imperial Bank of Commerce
EUR
59,188,599
USD
67,527,089
65,822
07/31/2025
Canadian Imperial Bank of Commerce
GBP
6,443,259
USD
8,704,521
21,040
07/31/2025
Canadian Imperial Bank of Commerce
SEK
51,321,283
USD
5,399,344
26,765
06/30/2025
Morgan Stanley and Co. International PLC
EUR
62,773,064
USD
71,696,566
297,357
07/31/2025
Morgan Stanley and Co. International PLC
GBP
109,656
USD
148,038
256
07/31/2025
Royal Bank of Canada
EUR
59,188,599
USD
67,467,604
6,338
06/30/2025
State Street Bank & Trust Co.
EUR
62,216,414
USD
71,024,392
258,326
06/30/2025
State Street Bank & Trust Co.
USD
8,528,525
EUR
7,500,000
2,109
07/31/2025
State Street Bank & Trust Co.
GBP
6,443,259
USD
8,712,477
28,996
07/31/2025
State Street Bank & Trust Co.
USD
52,889
SEK
507,181
205
Subtotal—Appreciation
1,056,038
Currency Risk
 
 
 
06/30/2025
Barclays Bank PLC
GBP
6,638,251
USD
8,847,411
(97,765
)
06/30/2025
BNP Paribas S.A.
EUR
2,500,000
USD
2,804,977
(38,568
)
06/30/2025
BNP Paribas S.A.
USD
66,333,707
EUR
58,305,187
(16,340
)
06/30/2025
BNP Paribas S.A.
USD
8,576,194
GBP
6,347,091
(23,361
)
06/30/2025
Canadian Imperial Bank of Commerce
GBP
50,867
USD
67,778
(767
)
06/30/2025
Canadian Imperial Bank of Commerce
USD
67,386,220
EUR
59,188,599
(64,045
)
06/30/2025
Canadian Imperial Bank of Commerce
USD
8,703,363
GBP
6,443,259
(20,942
)
06/30/2025
Canadian Imperial Bank of Commerce
USD
5,373,788
SEK
51,179,123
(26,723
)
07/31/2025
Canadian Imperial Bank of Commerce
EUR
1,228,366
USD
1,399,215
(838
)
06/30/2025
Goldman Sachs International
SEK
152,273
USD
15,792
(117
)
06/30/2025
J.P. Morgan Chase Bank, N.A.
USD
8,551,916
EUR
7,500,000
(21,281
)
06/30/2025
Morgan Stanley and Co. International PLC
GBP
6,272,246
USD
8,356,171
(95,806
)
06/30/2025
Royal Bank of Canada
SEK
51,815,690
USD
5,378,771
(34,801
)
06/30/2025
Royal Bank of Canada
USD
67,327,031
EUR
59,188,599
(4,856
)
06/30/2025
State Street Bank & Trust Co.
EUR
1,976,494
USD
2,215,295
(32,805
)
06/30/2025
State Street Bank & Trust Co.
GBP
6,272,246
USD
8,352,253
(99,724
)
06/30/2025
State Street Bank & Trust Co.
USD
8,711,318
GBP
6,443,259
(28,898
)
Subtotal—Depreciation
(607,637
)
Total Forward Foreign Currency Contracts
$448,401
 
Abbreviations:
EUR
—Euro
GBP
—British Pound Sterling
SEK
—Swedish Krona
USD
—U.S. Dollar
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Floating Rate ESG Fund
Notes to Quarterly Consolidated Schedule of Portfolio Holdings
May 31, 2025
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s 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, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the consolidated financial statements may materially differ from the value received upon actual sale of those investments. 
 
Level 1
Level 2
Level 3
Total
Investments in Securities
Variable Rate Senior Loan Interests
$—
$1,783,639,588
$280,355,966
$2,063,995,554
U.S. Dollar Denominated Bonds & Notes
—
128,073,782
—
128,073,782
Common Stocks & Other Equity Interests
10,511,129
22,400,095
57,547,359
90,458,583
Non-U.S. Dollar Denominated Bonds & Notes
—
59,151,808
9,884,977
69,036,785
Preferred Stocks
—
—
9,713,574
9,713,574
Money Market Funds
77,353,925
—
—
77,353,925
Total Investments in Securities
87,865,054
1,993,265,273
357,501,876
2,438,632,203
Other Investments - Assets*
Investments Matured
—
—
82,393
82,393
Forward Foreign Currency Contracts
—
1,056,038
—
1,056,038
 
—
1,056,038
82,393
1,138,431
Other Investments - Liabilities*
Forward Foreign Currency Contracts
—
(607,637
)
—
(607,637
)
Total Other Investments
—
448,401
82,393
530,794
Total Investments
$87,865,054
$1,993,713,674
$357,584,269
$2,439,162,997
 
*
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 May 31, 2025: 
 
Value
08/31/24*
Purchases
at Cost
Proceeds
from Sales
Accrued
Discounts/
Premiums
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Transfers
into
Level 3**
Transfers
out of
Level 3**
Value
05/31/25
Variable Rate Senior Loan Interests
$204,173,262
$135,443,811
$(90,523,905
)
$4,119,647
$(14,575,527
)
$(10,929,851
)
$78,744,833
$(26,096,304
)
$280,355,966
Common Stocks & Other Equity
Interests
39,710,508
7,155,624
(950,971
)
—
(1,584,488
)
4,549,522
8,677,544
(10,380
)
57,547,359
Non-U.S. Dollar Denominated Bonds
& Notes
130,070
9,458,146
(128,769
)
378,028
128,769
(81,267
)
—
—
9,884,977
Preferred Stocks
11,855,095
—
—
—
—
(2,141,521
)
—
—
9,713,574
Investments Matured
12,426
744,642
(748,073
)
—
61,083
12,315
—
—
82,393
Total
$255,881,361
$152,802,223
$(92,351,718
)
$4,497,675
$(15,970,163
)
$(8,590,802
)
$87,422,377
$(26,106,684
)
$357,584,269
*Prior year balances have been adjusted for a change in security classification.
**Transfers into and out of Level 3 are due to increases or decreases in market activity impacting the available market inputs to determine the price.
Invesco Floating Rate ESG Fund
The following table summarizes the valuation techniques and significant unobservable inputs used in determining fair value measurements for those investments classified as Level 3 at period end: 
 
Fair Value
at 05/31/25
Valuation
Technique
Unobservable
Inputs
Range of
Unobservable
Inputs
Weighted Average of
Unobservable Inputs
Based on Fair Value
 
Variable Rate Senior Loan
Interests
$     280,355,966
Discounted Cash Flow Model
Discount Rate
10.58% - 15.23%
13.10%
 
 
Expected Recovery
Anticipated Proceeds
0.00% of Par - 77.00% of Par
51.59% of Par
 
 
Third-Party Pricing
Broker Quote
44.50% of Par - 100.50% of Par
100.4% of Par
Common Stocks & Other Equity
Interests
57,547,359
Comparable Companies
EBITDA Multiple
3.50x - 5.50x
4.69x
Non-U.S. Dollar Denominated
Bonds & Notes
9,884,977
Expected Recovery
Anticipated Proceeds
89.00% of Par
-
Preferred Stocks
9,713,574
Comparable Companies
EBITDA Multiple
8.50x
-
Investments Matured
82,393
Expected Recovery
Anticipated Proceeds
41.00% of Par
-
Total
$     357,584,269
Invesco Floating Rate ESG Fund