NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments
Invesco Senior Loan ETF (BKLN)
November 30, 2024
(Unaudited)
 
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Variable Rate Senior Loan Interests-91.55%(a)(b)
 
 
 
 
 
Aerospace & Defense-3.63%
 
 
 
 
 
Amentum Government Services Holdings LLC, Term Loan B (1 mo. SOFR + 2.25%)
6.82%
09/29/2031
$
103,185
$102,604,255
Peraton Corp., First Lien Term Loan B (1 mo. SOFR + 3.75%)
8.42%
02/01/2028
 
159,614
150,161,690
TransDigm, Inc., Term Loan J (3 mo. SOFR + 2.50%)
7.10%
02/28/2031
 
77,852
77,921,933
 
 
 
 
330,687,878
Air Transport-0.95%
 
 
 
 
 
AAdvantage Loyality IP Ltd. (American Airlines, Inc.), Term Loan (3 mo. SOFR + 4.75%)
9.63%
04/20/2028
 
58,722
60,703,468
United AirLines, Inc., Term Loan B (3 mo. SOFR + 2.00%)
6.63%
02/24/2031
 
25,315
25,507,141
 
 
 
 
86,210,609
Automotive-2.36%
 
 
 
 
 
Belron Group S.A., Term Loan B (3 mo. SOFR + 2.75%)
7.27%
10/16/2031
 
26,114
26,444,074
Mavis Tire Express Services TopCo Corp., Term Loan B (1 mo. SOFR + 3.50%)
8.07%
05/04/2028
 
58,807
59,375,200
Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL), Term Loan (Canada) (1
mo. SOFR + 2.50%)
7.07%
05/06/2030
 
68,219
68,759,641
Wand NewCo 3, Inc., First Lien Term Loan (3 mo. SOFR + 3.25%)
7.85%
01/30/2031
 
60,236
60,733,122
 
 
 
 
215,312,037
Beverage & Tobacco-2.04%
 
 
 
 
 
AI Aqua Merger Sub, Inc., Term Loan B (1 mo. SOFR + 3.50%)
8.16%
07/31/2028
 
121,407
122,535,974
Triton Water Holdings, Inc., First Lien Term Loan (3 mo. SOFR + 3.25%)
8.12%
03/31/2028
 
62,652
63,182,704
 
 
 
 
185,718,678
Building & Development-2.00%
 
 
 
 
 
Chariot Buyer LLC, First Lien Term Loan(c)
-
11/03/2028
 
2,694
2,710,141
Cornerstone Building Brands, Inc., Term Loan B (1 mo. SOFR + 3.35%)
7.96%
04/12/2028
 
56,348
53,151,503
Quikrete Holdings, Inc., Term Loan B (1 mo. SOFR + 2.50%)
7.07%
04/14/2031
 
32,575
32,585,089
White Cap Buyer LLC, Term Loan B (1 mo. SOFR + 3.25%)
7.82%
10/19/2029
 
92,699
93,336,681
 
 
 
 
181,783,414
Business Equipment & Services-9.22%
 
 
 
 
 
Allied Universal Holdco LLC (USAGM Holdco LLC/UNSEAM), Term Loan (1 mo. SOFR +
3.75%)
8.42%
05/12/2028
 
113,000
113,873,046
Asurion LLC
 
 
 
Second Lien Term Loan B-4 (1 mo. SOFR + 5.25%)
9.94%
01/20/2029
 
83,768
81,853,954
Term Loan B-8 (1 mo. SOFR + 3.25%)
7.94%
12/23/2026
 
38,139
38,201,264
Boost Newco Borrower LLC (WorldPay), Term Loan (3 mo. SOFR + 2.50%)
7.10%
01/31/2031
 
110,417
111,619,605
Cloud Software Group, Inc.
 
 
 
Term Loan (1 mo. SOFR + 3.50%)
8.02%
03/21/2031
 
54,621
54,951,667
Term Loan B (2 mo. SOFR + 4.00%)
8.60%
03/30/2029
 
117,126
117,668,833
Dun & Bradstreet Corp. (The), Term Loan B (1 mo. SOFR + 2.25%)
6.84%
01/18/2029
 
79,837
80,157,585
Mitchell International, Inc., Term Loan B (1 mo. SOFR + 3.25%)
7.82%
06/17/2031
 
72,356
72,653,732
Nuvei Tech Corp., Pivotal Refi L.P., Nuvei Tech, Inc., Term Loan B(c)
-
11/15/2031
 
57,769
58,160,928
Solera (Polaris Newco LLC), First Lien Term Loan (3 mo. SOFR + 4.00%)
8.85%
06/02/2028
 
94,755
95,239,426
Tempo Acquisition LLC, Term Loan B-1 (1 mo. SOFR + 2.25%)
6.82%
08/31/2028
 
15,657
15,758,143
 
 
 
 
840,138,183
Cable & Satellite Television-3.68%
 
 
 
 
 
Charter Communications Operating LLC, Term Loan B-2 (3 mo. SOFR + 1.75%)
6.34%
02/01/2027
 
75,095
75,126,863
CSC Holdings LLC, Term Loan (6 mo. SOFR + 2.50%)
7.17%
04/15/2027
 
67,902
62,736,252
SFR-Numericable (YPSO, Altice France), Term Loan B-14 (France) (3 mo. SOFR + 5.50%)
10.16%
08/15/2028
 
82,821
68,090,583
Virgin Media 02 - LG, Term Loan N (United Kingdom) (1 mo. SOFR + 2.50%)
7.22%
01/31/2028
 
74,112
73,521,452
Vodafone Ziggo - LG, Term Loan I (1 mo. SOFR + 2.50%)
7.22%
04/30/2028
 
55,735
55,573,640
 
 
 
 
335,048,790
Chemicals & Plastics-2.10%
 
 
 
 
 
AkzoNoble Chemicals, Term Loan B (3 mo. SOFR + 3.25%)
7.66%
04/03/2028
 
66,349
67,164,634
Proampac PG Borrower LLC, Term Loan (3 mo. SOFR + 4.00%)
8.52%
09/15/2028
 
62,558
62,851,426
Univar, Inc., Term Loan B (1 mo. SOFR + 3.50%)
8.10%
08/01/2030
 
60,158
61,007,382
 
 
 
 
191,023,442
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan ETF (BKLN)—(continued)
November 30, 2024
(Unaudited)
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Clothing & Textiles-1.08%
 
 
 
 
 
ABG Intermediate Holdings 2 LLC, Term Loan (1 mo. SOFR + 2.75%)
7.32%
12/21/2028
$
97,255
$98,273,083
Containers & Glass Products-0.65%
 
 
 
 
 
Flex Acquisition Co., Inc., First Lien Term Loan B (1 mo. SOFR + 4.18%)
7.75%
04/13/2029
 
58,427
58,848,075
Cosmetics & Toiletries-0.66%
 
 
 
 
 
Bausch and Lomb, Inc., Term Loan (1 mo. SOFR + 3.25%)
7.94%
05/10/2027
 
60,341
60,614,885
Drugs-1.50%
 
 
 
 
 
Jazz Pharmaceuticals, Inc., Term Loan B (1 mo. SOFR + 2.25%)
6.82%
05/05/2028
 
71,989
72,426,217
Phoenix Guarantor, Inc. (BrightSpring Health Services), Term Loan B-4 (1 mo. SOFR +
3.25%)
7.82%
02/21/2031
 
64,058
64,640,630
 
 
 
 
137,066,847
Electronics & Electrical-16.30%
 
 
 
 
 
Applied Systems, Inc., First Lien Term Loan (3 mo. SOFR + 3.00%)
7.60%
02/24/2031
 
63,028
63,641,519
Boxer Parent Co., Inc., Term Loan (3 mo. SOFR + 3.75%)
8.34%
07/30/2031
 
113,805
114,732,649
Central Parent LLC, Term Loan (3 mo. SOFR + 3.25%)
7.85%
07/06/2029
 
91,682
91,887,104
CommScope, Inc., Term Loan (1 mo. SOFR + 3.25%)
7.94%
04/06/2026
 
75,361
74,042,226
CoreLogic, Inc., First Lien Term Loan (1 mo. SOFR + 3.50%)
8.19%
06/02/2028
 
90,161
89,864,807
Epicor Software Corp., Term Loan B (1 mo. SOFR + 3.25%)
7.82%
05/30/2031
 
71,717
72,341,279
Gen Digital, Inc.
 
 
 
Term Loan A (1 mo. SOFR + 1.50%)
6.17%
09/10/2027
 
74,660
74,764,966
Term Loan B (1 mo. SOFR + 1.75%)
6.32%
09/12/2029
 
75,723
75,896,893
McAfee LLC, Term Loan B (1 mo. SOFR + 3.25%)
7.91%
03/01/2029
 
142,406
143,224,860
Modena Buyer LLC (End User Computing), Term Loan (3 mo. SOFR + 4.50%)
9.10%
07/01/2031
 
71,182
69,829,584
Project Alpha Intermediate Holding, Inc.
 
 
 
Term Loan (1 mo. SOFR + 3.25%)
7.77%
10/28/2030
 
64,391
64,856,325
Term Loan B(c)
-
10/28/2030
 
20,000
20,144,500
Proofpoint, Inc., Term Loan B (1 mo. SOFR + 3.00%)
7.57%
08/31/2028
 
86,908
87,521,668
Quest Software US Holdings, Inc., First Lien Term Loan (3 mo. SOFR + 4.25%), (Acquired
03/15/2022 - 08/08/2024; Cost $43,943,893)(d)
8.99%
02/01/2029
 
54,164
37,915,147
RealPage, Inc., First Lien Term Loan (1 mo. SOFR + 3.00%)
7.69%
04/24/2028
 
84,015
83,605,834
SS&C Technologies Holdings, Inc., Term Loan B-8 (1 mo. SOFR + 2.00%)
6.57%
05/09/2031
 
86,932
87,416,826
Syncsort, Inc., First Lien Term Loan (3 mo. SOFR + 4.25%)
8.85%
04/24/2028
 
62,949
62,565,001
Ultimate Software Group, Inc., First Lien Term Loan (3 mo. SOFR + 3.00%)
7.62%
02/10/2031
 
169,142
170,467,032
 
 
 
 
1,484,718,220
Financial Intermediaries-5.45%
 
 
 
 
 
Aretec Group, Inc., Term Loan B (1 mo. SOFR + 4.00%)
8.57%
08/09/2030
 
60,337
60,793,222
AssuredPartners, Inc., Term Loan B-5 (1 mo. SOFR + 3.50%)
8.07%
02/14/2031
 
136,868
137,945,770
Broadstreet Partners, Inc., Term Loan B (1 mo. SOFR + 3.25%)
7.82%
06/13/2031
 
90,645
91,242,367
Citadel Securities L.P., Term Loan B (1 mo. SOFR + 2.00%)
6.57%
10/31/2031
 
106,690
107,263,715
Focus Financial Partners LLC
 
 
 
Delayed Draw Term Loan(e)
0.00%
09/11/2031
 
3,588
3,625,496
Term Loan B-8 (1 mo. SOFR + 3.25%)
7.82%
09/11/2031
 
33,412
33,756,159
Jane Street Group LLC, Term Loan B (3 mo. SOFR + 2.00%)
6.51%
01/26/2028
 
61,596
61,927,645
 
 
 
 
496,554,374
Food Products-0.63%
 
 
 
 
 
Froneri International PLC, Term Loan B (United Kingdom) (1 mo. SOFR + 2.00%)
6.57%
09/17/2031
 
57,114
57,154,096
Food Service-3.64%
 
 
 
 
 
BCPE Empire Holdings, Inc. (ImperialDade), Term Loan B (1 mo. SOFR + 3.50%)
8.07%
12/26/2028
 
54,222
54,635,163
IRB Holding Corp., Term Loan B (1 mo. SOFR + 2.75%)
7.42%
12/15/2027
 
110,613
111,240,123
New Red Finance, Inc., Term Loan B-6 (1 mo. SOFR + 1.75%)
6.32%
09/20/2030
 
94,717
94,776,537
Whatabrands LLC, Term Loan B (1 mo. SOFR + 2.75%)
7.32%
08/03/2028
 
70,386
70,806,951
 
 
 
 
331,458,774
Health Care-8.55%
 
 
 
 
 
athenahealth Group, Inc., Term Loan (1 mo. SOFR + 3.50%)
7.82%
02/15/2029
 
160,228
161,114,428
Elanco Animal Health, Inc., Term Loan (1 mo. SOFR + 1.75%)
6.52%
08/01/2027
 
69,551
69,636,507
Gainwell Acquisition Corp., First Lien Term Loan B (3 mo. SOFR + 4.00%)
8.70%
10/01/2027
 
111,852
107,393,416
Mozart Debt Merger Sub, Inc. (Medline Industries), Term Loan B (1 mo. SOFR + 2.25%)
6.86%
10/23/2028
 
126,493
127,394,044
PAREXEL International Corp., Term Loan B (1 mo. SOFR + 3.00%)
7.57%
11/15/2028
 
77,447
78,094,827
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan ETF (BKLN)—(continued)
November 30, 2024
(Unaudited)
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Health Care-(continued)
 
 
 
 
 
R1 RCM, Inc.
 
 
 
Delayed Draw Term Loan B(e)
0.00%
10/24/2031
$
2,240
$2,254,845
Term Loan B (1 mo. SOFR + 3.25%)
7.86%
10/24/2031
 
31,360
31,567,835
Southern Veterinary Partners LLC, Term Loan B(c)
-
10/31/2031
 
22,093
22,321,429
Syneos Health, Inc., Term Loan (3 mo. SOFR + 3.75%)
8.35%
09/27/2030
 
70,583
69,406,682
Verscend Holding Corp., Term Loan B (1 mo. SOFR + 2.75%)
7.67%
05/01/2031
 
109,597
110,179,954
 
 
 
 
779,363,967
Home Furnishings-0.99%
 
 
 
 
 
Hunter Douglas Holding B.V., Term Loan B-1 (3 mo. SOFR + 3.50%)
8.02%
02/26/2029
 
89,716
90,258,110
Industrial Equipment-2.36%
 
 
 
 
 
Madison IAQ LLC, Term Loan (6 mo. SOFR + 3.25%)
7.89%
06/21/2028
 
62,306
62,722,157
MKS Instruments, Inc., Term Loan (1 mo. SOFR + 2.25%)
6.84%
08/17/2029
 
67,772
68,314,069
Thyssenkrupp Elevators (Vertical Midco GmbH), Term Loan B-2 (Germany) (6 mo. SOFR +
3.50%)
8.59%
04/30/2030
 
83,140
83,875,846
 
 
 
 
214,912,072
Insurance-7.48%
 
 
 
 
 
Acrisure LLC, Term Loan B-6 (1 mo. SOFR + 3.25%)
7.85%
11/06/2030
 
102,552
102,990,313
Alliant Holdings Intermediate LLC, Term Loan B (1 mo. SOFR + 2.75%)
7.35%
09/19/2031
 
90,109
90,760,487
AmWINS Group LLC, Term Loan (1 mo. SOFR + 2.25%)
6.94%
02/19/2028
 
83,277
83,728,146
Hub International Ltd., Term Loan (3 mo. SOFR + 2.75%)
7.37%
06/20/2030
 
110,156
111,077,121
Hyperion Insurance Group Ltd.
 
 
 
Term Loan (United Kingdom) (1 mo. SOFR + 3.50%)
8.07%
02/15/2031
 
74,482
74,927,875
Term Loan B (United Kingdom)(c)
-
02/15/2031
 
8,000
8,047,840
Sedgwick Claims Management Services, Inc., Term Loan (3 mo. SOFR + 3.00%)
7.59%
07/31/2031
 
126,228
127,271,400
Truist Insurance Holdings, Term Loan B (3 mo. SOFR + 3.25%)
7.85%
05/06/2031
 
25,016
25,149,090
USI, Inc., Term Loan B (3 mo. SOFR + 2.75%)
7.35%
11/22/2029
 
56,729
57,147,821
 
 
 
 
681,100,093
Leisure Goods, Activities & Movies-1.13%
 
 
 
 
 
Alpha Topco Ltd. (Delta 2 (Lux) S.a.r.l.)
 
 
 
Delayed Draw Term Loan B-2 (United Kingdom)(c)
-
09/10/2031
 
10,000
10,054,150
Term Loan B-1 (United Kingdom) (3 mo. SOFR + 2.00%)
6.60%
09/10/2031
 
20,000
20,108,300
UFC Holdings LLC, Term Loan B-4 (3 mo. SOFR + 2.25%)
6.77%
11/14/2031
 
71,998
72,615,879
 
 
 
 
102,778,329
Lodging & Casinos-4.15%
 
 
 
 
 
Caesars Entertainment, Inc.
 
 
 
Incremental Term Loan B (1 mo. SOFR + 2.25%)
6.82%
02/06/2030
 
50,541
50,912,658
Term Loan (1 mo. SOFR + 2.25%)
6.82%
02/06/2031
 
62,459
62,859,546
Fertitta Entertainment LLC (Golden Nugget), Term Loan (1 mo. SOFR + 3.75%)
8.07%
01/27/2029
 
89,598
90,232,668
Hilton Worldwide Finance LLC, Term Loan B-4 (1 mo. SOFR + 1.75%)
6.34%
11/08/2030
 
81,022
81,649,851
Stars Group (US) Co-Borrower LLC, Term Loan B (3 mo. SOFR + 2.00%)
6.60%
11/25/2030
 
91,913
92,631,540
 
 
 
 
378,286,263
Nonferrous Metals & Minerals-0.29%
 
 
 
 
 
Prince Mineral Holding Corp., Term Loan (3 mo. SOFR + 4.25%)
8.91%
04/23/2029
 
26,655
26,695,517
Publishing-2.27%
 
 
 
 
 
Micro Holding L.P., First Lien Incremental Term Loan (1 mo. SOFR + 4.25%)
8.82%
05/03/2028
 
124,241
124,569,192
Nielsen Finance LLC, First Lien Term Loan B (3 mo. SOFR + 5.00%)
9.76%
04/11/2029
 
90,180
82,402,705
 
 
 
 
206,971,897
Rail Industries-0.73%
 
 
 
 
 
Genesee & Wyoming, Inc., Term Loan (3 mo. SOFR + 2.00%)
6.60%
04/10/2031
 
66,238
66,491,231
Retailers (except Food & Drug)-2.21%
 
 
 
 
 
Bass Pro Group LLC, Term Loan B-2 (1 mo. SOFR + 3.75%)
8.44%
03/06/2028
 
122,323
123,164,365
Harbor Freight Tools USA, Inc., Term Loan B (1 mo. SOFR + 2.50%)
7.07%
06/11/2031
 
78,980
77,985,706
 
 
 
 
201,150,071
Telecommunications-3.88%
 
 
 
 
 
CCI Buyer, Inc. (Consumer Cellular), First Lien Term Loan (3 mo. SOFR + 3.75%)
8.60%
12/17/2027
 
64,371
64,939,937
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan ETF (BKLN)—(continued)
November 30, 2024
(Unaudited)
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Telecommunications-(continued)
 
 
 
 
 
Genesys Cloud Services Holdings I LLC, Term Loan B (1 mo. SOFR + 3.00%)
7.57%
12/01/2027
$
89,023
$89,926,873
II-VI, Inc., Term Loan B-1 (1 mo. SOFR + 2.50%)
7.07%
07/02/2029
 
27,264
27,463,210
Radiate Holdco LLC, Term Loan B (1 mo. SOFR + 3.25%)
7.94%
09/25/2026
 
79,794
69,869,641
Zayo Group Holdings, Inc., Term Loan (1 mo. SOFR + 3.00%)
7.69%
03/09/2027
 
105,175
100,861,035
 
 
 
 
353,060,696
Utilities-1.62%
 
 
 
 
 
Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. SOFR + 2.25%)
6.92%
01/27/2031
 
93,030
93,487,314
Vistra Operations Co. LLC, Incremental Term Loan (1 mo. SOFR + 1.75%)
6.57%
12/20/2030
 
54,009
54,355,996
 
 
 
 
147,843,310
Total Variable Rate Senior Loan Interests
(Cost $8,248,659,383)
8,339,522,941
U.S. Dollar Denominated Bonds & Notes-4.12%
 
 
 
 
 
Aerospace & Defense-0.25%
 
 
 
 
 
TransDigm, Inc.(f)
6.75%
08/15/2028
 
8,000
8,169,673
TransDigm, Inc.(f)
6.38%
03/01/2029
 
2,000
2,035,093
TransDigm, Inc.(f)
6.88%
12/15/2030
 
3,000
3,093,242
TransDigm, Inc.(f)
6.63%
03/01/2032
 
4,000
4,102,156
TransDigm, Inc.(f)
6.00%
01/15/2033
 
5,000
5,003,849
 
 
 
 
22,404,013
Automobile Components-0.03%
 
 
 
 
 
Belron UK Finance PLC (United Kingdom)(f)
5.75%
10/15/2029
 
3,000
3,005,985
Building Products-0.05%
 
 
 
 
 
Cornerstone Building Brands, Inc.(f)
9.50%
08/15/2029
 
5,000
4,996,631
Capital Markets-0.35%
 
 
 
 
 
Aretec Group, Inc.(f)
10.00%
08/15/2030
 
7,000
7,756,806
Boost Newco Borrower LLC(f)
7.50%
01/15/2031
 
22,618
23,909,306
 
 
 
 
31,666,112
Commercial Services & Supplies-0.35%
 
 
 
 
 
Allied Universal Holdco LLC(f)
7.88%
02/15/2031
 
17,597
18,035,076
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.(f)
4.63%
06/01/2028
 
4,300
4,055,667
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.(f)
4.63%
06/01/2028
 
5,000
4,719,944
Madison IAQ LLC(f)
4.13%
06/30/2028
 
2,000
1,921,346
Raven Acquisition Holdings LLC(f)
6.88%
11/15/2031
 
3,145
3,153,423
 
 
 
 
31,885,456
Construction Materials-0.04%
 
 
 
 
 
Camelot Return Merger Sub, Inc.(f)
8.75%
08/01/2028
 
4,100
4,044,172
Containers & Packaging-0.06%
 
 
 
 
 
Clydesdale Acquisition Holdings, Inc.(f)
6.88%
01/15/2030
 
5,000
5,057,209
Diversified Telecommunication Services-0.07%
 
 
 
 
 
Altice France S.A. (France)(f)
5.50%
10/15/2029
 
2,600
2,001,708
Radiate Holdco LLC/Radiate Finance, Inc.(f)
4.50%
09/15/2026
 
685
593,197
Zayo Group Holdings, Inc.(f)
4.00%
03/01/2027
 
4,000
3,775,486
 
 
 
 
6,370,391
Electric Utilities-0.11%
 
 
 
 
 
Vistra Operations Co. LLC(f)
5.13%
05/13/2025
 
8,030
8,031,943
Vistra Operations Co. LLC(f)
4.30%
07/15/2029
 
2,000
1,935,471
 
 
 
 
9,967,414
Financial Services-0.29%
 
 
 
 
 
Focus Financial Partners LLC(f)
6.75%
09/15/2031
 
5,000
5,050,427
Jane Street Group/JSG Finance, Inc.(f)
4.50%
11/15/2029
 
500
476,339
Jane Street Group/JSG Finance, Inc.(f)
7.13%
04/30/2031
 
15,000
15,621,853
Jane Street Group/JSG Finance, Inc.(f)
6.13%
11/01/2032
 
5,000
5,024,371
 
 
 
 
26,172,990
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan ETF (BKLN)—(continued)
November 30, 2024
(Unaudited)
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Ground Transportation-0.06%
 
 
 
 
 
Genesee & Wyoming, Inc.(f)
6.25%
04/15/2032
$
5,000
$5,033,765
Health Care Equipment & Supplies-0.35%
 
 
 
 
 
Bausch & Lomb Corp.(f)
8.38%
10/01/2028
 
2,000
2,092,931
Medline Borrower L.P.(f)
3.88%
04/01/2029
 
22,100
20,733,372
Medline Borrower L.P./Medline Co-Issuer, Inc.(f)
6.25%
04/01/2029
 
9,000
9,178,357
 
 
 
 
32,004,660
Health Care Providers & Services-0.02%
 
 
 
 
 
Star Parent, Inc.(f)
9.00%
10/01/2030
 
1,600
1,654,002
Hotels, Restaurants & Leisure-0.38%
 
 
 
 
 
1011778 BC ULC/New Red Finance, Inc. (Canada)(f)
3.88%
01/15/2028
 
17,000
16,194,079
1011778 BC ULC/New Red Finance, Inc. (Canada)(f)
3.50%
02/15/2029
 
1,000
929,096
1011778 BC ULC/New Red Finance, Inc. (Canada)(f)
6.13%
06/15/2029
 
9,000
9,157,581
1011778 BC ULC/New Red Finance, Inc. (Canada)(f)
5.63%
09/15/2029
 
3,000
3,005,608
1011778 BC ULC/New Red Finance, Inc. (Canada)(f)
4.00%
10/15/2030
 
3,000
2,727,236
Caesars Entertainment, Inc.(f)
7.00%
02/15/2030
 
2,000
2,064,255
Caesars Entertainment, Inc.(f)
6.50%
02/15/2032
 
859
876,894
 
 
 
 
34,954,749
Insurance-0.67%
 
 
 
 
 
Acrisure LLC/Acrisure Finance, Inc.(f)
4.25%
02/15/2029
 
3,282
3,111,054
Acrisure LLC/Acrisure Finance, Inc.(f)
7.50%
11/06/2030
 
12,833
13,104,277
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(f)
6.75%
04/15/2028
 
1,500
1,515,845
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(f)
7.00%
01/15/2031
 
2,500
2,540,966
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(f)
6.50%
10/01/2031
 
4,811
4,817,144
AmWINS Group, Inc.(f)
6.38%
02/15/2029
 
1,580
1,596,200
HUB International Ltd.(f)
7.25%
06/15/2030
 
18,900
19,624,631
Panther Escrow Issuer LLC(f)
7.13%
06/01/2031
 
14,044
14,398,089
 
 
 
 
60,708,206
Machinery-0.13%
 
 
 
 
 
TK Elevator U.S. Newco, Inc. (Germany)(f)
5.25%
07/15/2027
 
12,200
12,041,473
Media-0.30%
 
 
 
 
 
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
4.91%
07/23/2025
 
1,000
999,610
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
6.48%
10/23/2045
 
475
467,302
CSC Holdings LLC(f)
6.50%
02/01/2029
 
2,000
1,719,338
Virgin Media Secured Finance PLC (United Kingdom)(f)
5.50%
05/15/2029
 
1,500
1,424,993
Virgin Media Secured Finance PLC (United Kingdom)(f)
4.50%
08/15/2030
 
13,100
11,579,185
VZ Secured Financing B.V. (Netherlands)(f)
5.00%
01/15/2032
 
6,190
5,539,465
Ziggo B.V. (Netherlands)(f)
4.88%
01/15/2030
 
6,000
5,554,535
 
 
 
 
27,284,428
Passenger Airlines-0.16%
 
 
 
 
 
American Airlines, Inc.(f)
8.50%
05/15/2029
 
500
528,608
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(f)
5.50%
04/20/2026
 
1,773
1,773,653
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(f)
5.75%
04/20/2029
 
5,378
5,373,880
United AirLines, Inc.(f)
4.38%
04/15/2026
 
895
882,857
United AirLines, Inc.(f)
4.63%
04/15/2029
 
6,478
6,229,824
 
 
 
 
14,788,822
Professional Services-0.09%
 
 
 
 
 
CoreLogic, Inc.(f)
4.50%
05/01/2028
 
9,100
8,517,543
Software-0.26%
 
 
 
 
 
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.(f)
8.00%
06/15/2029
 
1,500
1,540,859
Central Parent, Inc./CDK Global, Inc.(f)
7.25%
06/15/2029
 
2,500
2,515,260
Cloud Software Group, Inc.(f)
9.00%
09/30/2029
 
7,750
7,853,555
Cloud Software Group, Inc.(f)
8.25%
06/30/2032
 
5,658
5,901,981
SS&C Technologies, Inc.(f)
6.50%
06/01/2032
 
5,500
5,632,384
 
 
 
 
23,444,039
See accompanying notes which are an integral part of this schedule.
Invesco Senior Loan ETF (BKLN)—(continued)
November 30, 2024
(Unaudited)
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Specialty Retail-0.09%
 
 
 
 
 
Wand NewCo 3, Inc.(f)
7.63%
01/30/2032
$
8,231
$8,525,636
Wireless Telecommunication Services-0.01%
 
 
 
 
 
VMED O2 UK Financing I PLC (United Kingdom)(f)
4.75%
07/15/2031
 
1,000
881,981
Total U.S. Dollar Denominated Bonds & Notes
(Cost $374,346,520)
375,409,677
 
 
 
Shares
 
Money Market Funds-18.65%
 
 
 
 
 
Invesco Premier U.S. Government Money Portfolio, Institutional Class, 4.58%(g)(h)
(Cost $1,698,859,744)
 
 
 
1,698,859,744
1,698,859,744
TOTAL INVESTMENTS IN SECURITIES-114.32%
(Cost $10,321,865,647)
10,413,792,362
OTHER ASSETS LESS LIABILITIES-(14.32)%
(1,304,099,778
)
NET ASSETS-100.00%
$9,109,692,584
 
Investment Abbreviations:
SOFR
-Secured Overnight Financing Rate
 
Notes to Schedule of Investments:
(a)
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.
(b)
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.
(c)
This variable rate interest will settle after November 30, 2024, at which time the interest rate will be determined.
(d)
Restricted security. The value of this security at November 30, 2024 represented less than 1% of the Fund’s Net Assets.
(e)
All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding.  
(f)
Security purchased or received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from
registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2024 was $373,942,765,
which represented 4.10% of the Fund’s Net Assets.
(g)
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 three months ended November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
Value
November 30, 2024
Dividend
Income
Investments in
Affiliated Money
Market Funds:
Invesco Premier
U.S. Government
Money Portfolio,
Institutional Class
$403,365,070
$3,225,898,336
$(1,930,403,662
)
$-
$-
$1,698,859,744
$9,506,924
 
(h)
The rate shown is the 7-day SEC standardized yield as of November 30, 2024.
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.
Notes to Quarterly Schedule of Portfolio Holdings
November 30, 2024
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 — Prices are determined using quoted prices in an active market for identical assets.
Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Capital Management LLC’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 November 30, 2024. 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. 
 
Level 1
Level 2
Level 3
Total
Investments in Securities
Variable Rate Senior Loan Interests
$-
$8,339,522,941
$-
$8,339,522,941
U.S. Dollar Denominated Bonds & Notes
-
375,409,677
-
375,409,677
Money Market Funds
1,698,859,744
-
-
1,698,859,744
Total Investments
$1,698,859,744
$8,714,932,618
$-
$10,413,792,362