NPORT-EX 2 edgar.htm EDGAR HTML
Consolidated Schedule of Investments  
November 30, 2024
(Unaudited) 
 
Interest
Rate
Maturity
Date

Principal
Amount
(000)(a)
Value
Variable Rate Senior Loan Interests–85.22%(b)(c)(d)
Aerospace & Defense–1.10%
 
 
Engineering Research and Consulting LLC, First Lien Term Loan (3 mo. Term SOFR + 5.00%)(e)
 9.51%
08/15/2031
 
$710
$711,812
FDH Group Acquisition, Inc.
      
 
 
Delayed Draw Term Loan(e)(f)(g)
 0.00%
11/04/2031
 
272
270,748
Term Loan B (3 mo. Term SOFR + 4.75%)(e)(f)
 9.31%
10/21/2031
 
728
720,612
NAC Aviation 8 Ltd. (Ireland)
      
 
 
Revolver Loan(e)(g)
 0.00%
12/31/2026
 
1,642
1,642,458
Term Loan (1 mo. USD LIBOR + 4.11%)(e)
 8.79%
12/31/2026
 
2,062
0
Term Loan (1 mo. Term SOFR + 4.11%)(e)
 8.79%
12/31/2026
 
2,106
0
 
 
 
 
3,345,630
Automotive–8.04%
 
 
Constellation Auto (CONSTE/BCA) (United Kingdom), Second Lien Term Loan (6 mo. GBP SONIA
+ 7.50%)
12.45%
07/27/2029
GBP
4,668
4,889,448
First Brands Group LLC
      
 
 
First Lien Incremental Term Loan (3 mo. Term SOFR + 5.26%)
 9.85%
03/30/2027
 
1,886
1,825,644
First Lien Term Loan(h)
     –
03/30/2027
 
198
191,768
Second Lien Term Loan (3 mo. Term SOFR + 8.76%)
13.35%
03/30/2028
 
636
592,063
Muth Mirror Systems LLC
      
 
 
Revolver Loan
(Acquired 04/23/2019-09/30/2024; Cost $1,730,392)(e)(f)(i)
 7.00%
04/23/2025
 
1,731
1,436,692
Term Loan
(Acquired 04/23/2019-09/30/2024; Cost $18,761,314)(e)(f)(i)
 4.00%
04/23/2025
 
18,791
15,596,467
 
 
 
 
24,532,082
Beverage & Tobacco–0.47%
 
 
City Brewing Co. LLC
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 6.25%)(e)
10.91%
04/05/2028
 
365
296,077
Term Loan (3 mo. Term SOFR + 3.76%)
 8.42%
04/05/2028
 
958
718,311
Term Loan (3 mo. Term SOFR + 5.26%)(e)
 9.92%
04/14/2028
 
965
410,160
 
 
 
 
1,424,548
Building & Development–2.39%
 
 
Empire Today LLC
      
 
 
Term Loan A (3 mo. Term SOFR + 5.76%)
10.25%
08/03/2029
 
638
625,842
Term Loan B (3 mo. Term SOFR + 5.26%)
 9.85%
04/01/2028
 
2,893
1,762,684
Interior Logic Group, Inc. (Signal Parent), Term Loan B (1 mo. Term SOFR + 3.60%)
 8.17%
04/01/2028
 
1,052
928,833
LHS Borrow LLC (Leaf Home Solutions), Term Loan (1 mo. Term SOFR + 4.85%)
 9.42%
02/16/2029
 
1,551
1,501,258
Xella (Luxembourg), Term Loan B-4 (3 mo. EURIBOR + 4.18%)
 7.52%
04/12/2028
EUR
2,500
2,485,198
 
 
 
 
7,303,815
Business Equipment & Services–16.30%
 
 
Allied Universal Holdco LLC (USAGM Holdco LLC/UNSEAM), Term Loan (1 mo. EURIBOR +
3.75%)
 6.75%
05/12/2028
EUR
1
33
Checkout Holding Corp. (Catalina Marketing), Term Loan (3 mo. Term SOFR + 9.50%)
14.11%
05/10/2027
 
248
237,425
Constant Contact, Inc., Term Loan (3 mo. Term SOFR + 4.26%)
 8.92%
02/10/2028
 
421
406,266
CV Intermediate Holdco Corp. (Class Valuation)
      
 
 
Delayed Draw Term Loan (3 mo. Term SOFR + 6.40%)(e)(f)
10.92%
03/31/2026
 
7,982
7,973,600
First Lien Term Loan (3 mo. Term SOFR + 6.40%)(e)(f)
10.99%
03/31/2026
 
8,218
8,210,228
Revolver Loan (3 mo. Term SOFR + 6.25%)(e)(f)
10.96%
03/31/2026
 
568
567,201
Revolver Loan(e)(f)(g)
 0.00%
03/31/2026
 
694
693,245
Lamark Media Group LLC
      
 
 
Delayed Draw Term Loan (3 mo. Term SOFR + 5.85%)(e)(f)
10.45%
10/14/2027
 
1,501
1,501,196
Revolver Loan(e)(f)(g)
 0.00%
10/14/2027
 
1,019
1,018,623
Term Loan (3 mo. Term SOFR + 5.85%)(e)(f)
10.45%
10/14/2027
 
6,934
6,934,279
Monitronics International, Inc., Term Loan B (1 mo. Term SOFR + 7.76%)
(Acquired 06/30/2023; Cost $6,012,318)(i)
12.33%
06/30/2028
 
6,012
6,042,380
See accompanying notes which are an integral part of this consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Business Equipment & Services–(continued)
NAS LLC (d.b.a. Nationwide Marketing Group)
      
 
 
Revolver Loan (3 mo. Term SOFR + 6.65%)(e)(f)
11.17%
06/01/2025
 
$460
$449,643
Revolver Loan(e)(f)(g)
 0.00%
06/01/2025
 
460
449,643
Term Loan (3 mo. Term SOFR + 6.65%)(e)(f)
11.24%
06/01/2025
 
8,694
8,502,928
Term Loan (3 mo. Term SOFR + 6.65%)(e)(f)
11.24%
06/01/2025
 
2,723
2,662,952
Term Loan (3 mo. Term SOFR + 6.65%)(e)(f)
11.24%
06/01/2025
 
1,652
1,615,321
Prometric Holdings, Inc., Term Loan B (1 mo. Term SOFR + 4.86%)
 9.44%
01/31/2028
 
465
470,600
Spin Holdco, Inc., Term Loan (3 mo. Term SOFR + 4.26%)
 9.26%
03/04/2028
 
1,429
1,214,192
UnitedLex Corp., Term Loan (3 mo. Term SOFR + 5.90%)(e)
10.50%
03/20/2027
 
923
807,285
 
 
 
 
49,757,040
Cable & Satellite Television–9.52%
 
 
Altice Financing S.A. (Altice-Int’l) (Luxembourg)
      
 
 
Incremental Term Loan (3 mo. EURIBOR + 5.00%)
 8.18%
10/31/2027
EUR
2,000
1,829,497
Term Loan B (3 mo. EURIBOR + 5.00%)
 8.18%
10/31/2027
EUR
535
489,616
Lightning Finco Ltd. (LiveU) (United Kingdom)
      
 
 
Term Loan B-1 (6 mo. Term SOFR + 5.93%)(e)(f)
11.24%
08/31/2028
 
18,375
18,375,146
Term Loan B-2 (6 mo. EURIBOR + 5.25%)(e)(f)
 8.92%
08/31/2028
EUR
1,886
1,992,793
Numericable-SFR S.A. (France), Term Loan B-14 (3 mo. EURIBOR + 5.50%)
 8.68%
08/15/2028
EUR
7,406
6,370,732
 
 
 
 
29,057,784
Chemicals & Plastics–4.57%
 
 
A-Gas Finco, Inc., Term Loan (3 mo. Term SOFR + 5.25%)
 9.85%
12/14/2029
 
1,086
980,099
Aruba Investments, Inc., First Lien Term Loan (1 mo. Term SOFR + 4.10%)
 8.67%
11/24/2027
 
139
139,248
Discovery Purchaser Corp. (BES), First Lien Term Loan (3 mo. Term SOFR + 4.38%)
 8.96%
10/04/2029
 
1,292
1,300,884
Flint Group (ColourOz Inv) (Germany), PIK Term Loan B, 6.90% PIK Rate, 4.99% Cash Rate(j)
 6.90%
12/31/2027
 
24
4,963
Oxea Corp. (OQ Chemicals)
      
 
 
Term Loan (3 mo. Term SOFR + 8.24%)
12.60%
06/22/2025
 
326
338,074
Term Loan B-2 (3 mo. USD LIBOR + 3.50%)
 8.19%
12/31/2026
 
1,637
1,430,300
Trinseo Materials Operating S.C.A.
      
 
 
Incremental Term Loan (3 mo. Term SOFR + 2.76%)
 7.28%
05/03/2028
 
995
617,821
Term Loan A (3 mo. Term SOFR + 9.50%)
14.16%
05/03/2028
 
232
243,291
Term Loan B (3 mo. Term SOFR + 8.50%)
13.16%
05/03/2028
 
1,705
1,788,787
V Global Holdings LLC
      
 
 
Revolver Loan (1 mo. Term SOFR + 5.85%)(e)(f)
10.45%
12/22/2025
 
574
535,962
Revolver Loan(e)(f)(g)
 0.00%
12/22/2025
 
271
253,439
Term Loan (3 mo. Term SOFR + 5.90%)(e)(f)
10.42%
12/22/2027
 
6,775
6,327,446
 
 
 
 
13,960,314
Containers & Glass Products–8.74%
 
 
Keg Logistics LLC
      
 
 
Revolver Loan (3 mo. Term SOFR + 6.41%)(e)(f)
11.47%
11/23/2027
 
1,366
1,295,206
Term Loan A (3 mo. Term SOFR + 6.16%)(e)(f)
10.67%
11/16/2027
 
20,872
19,786,176
Klockner (KPERST/Kleopatra), Term Loan B (6 mo. EURIBOR + 4.73%)
 8.13%
02/12/2026
EUR
3,000
3,042,773
Libbey Glass LLC, Incremental Term Loan (3 mo. Term SOFR + 6.65%)
(Acquired 03/29/2024-11/14/2024; Cost $1,827,077)(i)
11.27%
11/22/2027
 
1,855
1,815,457
Mold-Rite Plastics LLC (Valcour Packaging LLC), Term Loan A-2 (1 mo. Term SOFR + 1.61%)
 6.10%
10/04/2028
 
839
743,732
 
 
 
 
26,683,344
Ecological Services & Equipment–1.17%
 
 
OGF (VESCAP/Obol France 3/PHM) (France), Term Loan B (6 mo. EURIBOR + 5.00%)
 8.06%
12/29/2028
EUR
3,506
3,573,968
Electronics & Electrical–6.04%
 
 
GoTo Group, Inc. (LogMeIn)
      
 
 
First Lien Term Loan (1 mo. Term SOFR + 4.85%)
 9.47%
04/30/2028
 
2,759
2,465,910
Second Lien Term Loan (1 mo. Term SOFR + 4.85%)
 9.47%
04/30/2028
 
1,323
539,796
Infinite Electronics, Second Lien Term Loan (3 mo. Term SOFR + 7.26%)
11.85%
03/02/2029
 
473
408,376
Learning Pool (Brook Bidco Ltd.) (United Kingdom)
      
 
 
Term Loan (2 mo. GBP SONIA + 7.03%)(e)
11.98%
08/17/2028
GBP
605
737,986
Term Loan (3 mo. Term SOFR + 7.45%)(e)
12.01%
08/17/2028
 
805
768,200
See accompanying notes which are an integral part of this consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Electronics & Electrical–(continued)
Mavenir Systems, Inc.
      
 
 
Delayed Draw Term Loan(e)
10.00%
01/31/2025
 
$39
$38,497
Incremental Term Loan (3 mo. Term SOFR + 9.87%)
14.40%
01/31/2025
 
203
179,702
Term Loan (3 mo. Term SOFR + 10.00%)(e)
14.59%
01/31/2025
 
120
102,659
Term Loan B (3 mo. Term SOFR + 5.01%)
 9.53%
08/18/2028
 
1,699
1,203,115
Natel Engineering Co., Inc., Term Loan (1 mo. Term SOFR + 6.36%)
10.95%
04/30/2026
 
3,215
3,040,684
Native Instruments (Music Creation Group GmbH/APTUS) (Germany), Term Loan B (3 mo.
EURIBOR + 6.00%)(e)
 9.46%
03/03/2028
EUR
1,280
1,167,362
Quest Software US Holdings, Inc., First Lien Term Loan (3 mo. Term SOFR + 4.40%)
 8.99%
02/01/2029
 
1,766
1,236,513
Riverbed Technology LLC, PIK Term Loan, 2.00% PIK Rate, 7.10% Cash Rate(j)
 2.00%
07/01/2028
 
1,607
989,837
SonicWall U.S. Holdings, Inc., First Lien Term Loan (3 mo. Term SOFR + 5.00%)
 9.60%
05/18/2028
 
1,069
1,069,114
Utimaco (SGT Ultimate BidCo GmbH) (Germany)
      
 
 
Term Loan B-1 (3 mo. EURIBOR + 6.25%)(e)
 9.15%
05/31/2029
EUR
2,932
2,912,339
Term Loan B-2 (3 mo. Term SOFR + 6.51%)(e)
11.08%
05/31/2029
 
1,645
1,561,564
 
 
 
 
18,421,654
Financial Intermediaries–0.16%
 
 
Edelman Financial Center LLC (The), Term Loan (1 mo. Term SOFR + 5.25%)
 9.82%
10/06/2028
 
93
93,777
Tegra118 Wealth Solutions, Inc., Term Loan (3 mo. Term SOFR + 4.00%)
 8.52%
02/18/2027
 
414
400,559
 
 
 
 
494,336
Food Products–8.38%
 
 
BrightPet (AMCP Pet Holdings, Inc.)
      
 
 
Incremental Term Loan B (3 mo. Term SOFR + 7.15%)(e)(f)
11.74%
10/05/2026
 
4,206
4,054,806
Revolver Loan (3 mo. Term SOFR + 7.15%)(e)(f)
12.41%
10/05/2026
 
1,476
1,422,921
Term Loan (3 mo. Term SOFR + 6.40%)(e)(f)
10.99%
10/05/2026
 
4,091
3,943,989
Florida Food Products LLC, Second Lien Term Loan (1 mo. Term SOFR + 8.11%)(e)
12.69%
10/18/2029
 
1,028
688,566
Mosel Bidco SE (Alphia) (Germany), Term Loan B (3 mo. Term SOFR + 5.19%)
 9.79%
10/02/2030
 
340
325,930
Sigma Holdco B.V. (Netherlands), Term Loan B-10 (6 mo. Term SOFR + 4.41%)
 9.54%
01/03/2028
 
1
824
Teasdale Foods, Inc., Term Loan (6 mo. Term SOFR + 6.56%)(e)(f)
10.99%
12/18/2025
 
16,006
15,125,891
 
 
 
 
25,562,927
Forest Products–0.36%
 
 
NewLife Forest Restoration LLC, Term Loan (e)
 0.00%
04/10/2029
 
1,109
1,109,023
Health Care–3.90%
 
 
Acacium (Impala Bidco Ltd.) (United Kingdom), Incremental Term Loan B (1 mo. Term SOFR +
4.85%)(e)
 9.42%
06/08/2028
 
955
859,691
Cerba (Chrome Bidco) (France), Incremental Term Loan D (1 mo. EURIBOR + 5.45%)
 8.43%
02/16/2029
EUR
4,000
3,804,298
MedAssets Software Intermediate Holdings, Inc. (nThrive TSG), Second Lien Term Loan (1 mo.
Term SOFR + 6.86%)
11.47%
12/17/2029
 
638
273,493
SDB Holdco LLC (Specialty Dental Brands)
      
 
 
Delayed Draw Term Loan (1 mo. Term SOFR + 7.21%)(e)(f)
12.06%
03/18/2027
 
609
681,462
Delayed Draw Term Loan(e)(f)(g)
 0.00%
03/18/2027
 
122
135,921
Term Loan A (1 mo. Term SOFR + 5.10%)(e)(f)
10.44%
03/29/2027
 
6,156
6,156,082
 
 
 
 
11,910,947
Home Furnishings–1.31%
 
 
Hilding Anders AB (Sweden)
      
 
 
Term Loan (6 mo. EURIBOR + 10.00%)
(Acquired 04/27/2023-07/17/2023; Cost $427,733)(e)(i)
13.06%
12/31/2026
EUR
387
409,263
Term Loan (3 mo. EURIBOR + 10.00%)
(Acquired 09/26/2023-10/30/2023; Cost $564,285)(e)(i)
13.06%
12/31/2026
EUR
534
563,978
Serta Simmons Bedding LLC
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 7.61%)
12.23%
06/29/2028
 
121
120,420
Term Loan (3 mo. Term SOFR + 7.61%)
12.22%
06/29/2028
 
1,701
1,445,479
SIWF Holdings, Inc., Term Loan B (1 mo. Term SOFR + 4.00%)
 8.57%
10/06/2028
 
1,710
1,401,548
Weber-Stephen Products LLC, Incremental Term Loan B (1 mo. Term SOFR + 4.35%)
 8.92%
10/30/2027
 
72
68,615
 
 
 
 
4,009,303
See accompanying notes which are an integral part of this consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Industrial Equipment–2.40%
 
 
Deliver Buyer, Inc. (MHS Holdings), Term Loan (6 mo. Term SOFR + 5.50%)
 9.76%
06/01/2029
 
$1,237
$1,129,037
Discovery Energy Holding Co. (Kohler Energy), Term Loan B (3 mo. Term SOFR + 4.38%)
 8.96%
05/01/2031
 
823
832,121
Kantar (Summer BC Bidco/KANGRP)
      
 
 
Revolver Loan (1 mo. Term SOFR + 1.05%)
 1.05%
06/04/2026
 
112
103,688
Revolver Loan(g)
 0.00%
06/04/2026
 
2,388
2,208,812
Term Loan B (3 mo. Term SOFR + 5.26%)
 9.86%
02/15/2029
 
1,345
1,358,857
Tank Holding Corp.
      
 
 
Revolver Loan (1 mo. Term SOFR + 5.85%)(e)
10.47%
03/31/2028
 
9
8,558
Revolver Loan(e)(g)
 0.00%
03/31/2028
 
168
162,606
Term Loan (3 mo. Term SOFR + 5.90%)
10.25%
03/31/2028
 
1,308
1,291,807
Victory Buyer LLC (Vantage Elevator), Second Lien Term Loan (1 mo. Term SOFR + 7.11%)(e)
11.69%
11/19/2029
 
258
231,314
 
 
 
 
7,326,800
Leisure Goods, Activities & Movies–3.06%
 
 
Crown Finance US, Inc.
      
 
 
Term Loan (1 mo. Term SOFR + 1.61%)
 6.30%
07/31/2028
 
2,740
2,756,741
Term Loan B(h)
     –
12/02/2031
 
2,623
2,615,261
Fitness International LLC, Term Loan B (1 mo. Term SOFR + 5.35%)
 9.92%
02/05/2029
 
1,094
1,099,925
Parques Reunidos (Piolin Bidco S.A.U.) (Spain), Revolver Loan(e)(g)
 0.00%
03/16/2026
EUR
1,529
1,599,952
Vue International Bidco PLC (United Kingdom)
      
 
 
Second Lien Term Loan
(Acquired 02/20/2024-10/08/2024; Cost $519,769)(e)(h)(i)
     –
12/31/2027
EUR
766
510,060
Term Loan
(Acquired 02/21/2024-10/08/2024; Cost $235,389)(h)(i)
     –
06/30/2027
EUR
226
250,417
Term Loan
(Acquired 02/20/2024-10/08/2024; Cost $498,804)(h)(i)
     –
12/31/2027
EUR
473
497,592
 
 
 
 
9,329,948
Nonferrous Metals & Minerals–0.47%
 
 
Form Technologies LLC
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 9.35%)
13.86%
10/22/2025
 
1,039
973,769
Term Loan(h)
     –
05/30/2030
 
462
455,591
 
 
 
 
1,429,360
Oil & Gas–2.49%
 
 
McDermott International Ltd.
      
 
 
LOC(e)(g)
 0.00%
12/31/2026
 
1,394
1,358,913
LOC (3 mo. Term SOFR + 5.01%)(e)
 9.60%
12/31/2026
 
327
318,991
LOC(g)
 0.00%
06/30/2027
 
2,601
1,820,560
LOC (3 mo. Term SOFR + 4.26%)(e)
 8.85%
06/30/2027
 
1,418
829,510
PIK Term Loan, 3.00% PIK Rate, 11.69% Cash Rate(j)
 3.00%
12/31/2027
 
1,175
471,665
Term Loan (3 mo. Term SOFR + 7.76%)(e)
12.70%
12/31/2026
 
1,121
1,227,242
Term Loan (1 mo. Term SOFR + 3.11%)
 7.69%
06/30/2027
 
180
91,881
Third Coast Super Holdings LLC, Term Loan B (1 mo. Term SOFR + 4.25%)(e)
 8.82%
09/25/2030
 
1,476
1,477,787
 
 
 
 
7,596,549
Publishing–0.68%
 
 
Harbor Purchaser, Inc. (Houghton Mifflin Harcourt), First Lien Term Loan B (1 mo. Term SOFR
+ 5.35%)
 9.92%
04/09/2029
 
2,105
2,072,571
Radio & Television–0.27%
 
 
iHeartCommunications, Inc., Incremental Term Loan (1 mo. Term SOFR + 3.36%)
 7.94%
05/01/2026
 
941
824,761
Nexstar Broadcasting, Inc., Term Loan B-4 (1 mo. Term SOFR + 2.61%)
 7.19%
09/18/2026
 
1
309
 
 
 
 
825,070
Rail Industries–0.82%
 
 
VRS Buyer, Inc.
      
 
 
Delayed Draw Term Loan(e)(f)(g)
 0.00%
11/22/2030
 
713
708,141
Revolver Loan(e)(f)(g)
 0.00%
11/22/2030
 
357
351,395
Term Loan (3 mo. Term SOFR + 4.75%)(e)(f)
 9.26%
11/22/2030
 
1,468
1,445,740
 
 
 
 
2,505,276
See accompanying notes which are an integral part of this consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Surface Transport–0.23%
 
 
Hurtigruten Group A/S (Explorer II AS) (Norway), Term Loan A (3 mo. EURIBOR + 8.50%)
(Acquired 03/18/2024-09/30/2024; Cost $1,667,699)(i)
11.85%
02/22/2029
EUR
3,767
$115,542
STG Distribution LLC
      
 
 
Term Loan (1 mo. Term SOFR + 7.60%)
12.16%
10/03/2029
 
$588
317,220
Term Loan (1 mo. Term SOFR + 8.35%)(e)
13.01%
10/03/2029
 
266
262,780
 
 
 
 
695,542
Telecommunications–1.64%
 
 
Inmarsat Finance PLC (United Kingdom), Term Loan B (1 mo. Term SOFR + 4.50%)
 9.07%
09/27/2029
 
699
609,211
MLN US HoldCo LLC (dba Mitel)
      
 
 
Second Lien Term Loan B-1 (3 mo. Term SOFR + 6.80%)
11.39%
10/18/2027
 
3,739
185,786
Term Loan (3 mo. Term SOFR + 6.54%)
11.13%
10/18/2027
 
1,667
1,065,224
Third Lien Term Loan (3 mo. Term SOFR + 9.35%)
13.94%
10/18/2027
 
1,874
64,202
Telesat LLC, Term Loan B-5 (3 mo. Term SOFR + 3.01%)
 7.53%
12/07/2026
 
1,740
907,873
U.S. TelePacific Corp.
      
 
 
First Lien Term Loan (3 mo. Term SOFR + 1.15%)
 6.17%
05/02/2026
 
1,069
425,364
Third Lien Term Loan(e)
 0.00%
05/02/2027
 
100
0
Zayo Group Holdings, Inc., Incremental Term Loan (1 mo. Term SOFR + 4.25%)
 8.82%
03/09/2027
 
1,819
1,755,738
 
 
 
 
5,013,398
Utilities–0.71%
 
 
Eastern Power LLC, Term Loan (1 mo. Term SOFR + 5.25%)
 9.82%
04/03/2028
 
691
693,973
KAMC Holdings, Inc. (Franklin Energy Group), First Lien Term Loan B (3 mo. Term SOFR +
4.26%)
(Acquired 02/29/2024-10/23/2024; Cost $332,071)(i)
 8.78%
08/14/2026
 
341
336,287
Lightstone Holdco LLC
      
 
 
Term Loan B (3 mo. Term SOFR + 5.75%)
10.34%
01/29/2027
 
1,068
1,082,494
Term Loan C (3 mo. Term SOFR + 5.75%)
10.34%
01/29/2027
 
60
61,219
 
 
 
 
2,173,973
Total Variable Rate Senior Loan Interests (Cost $289,195,963)
260,115,202
Non-U.S. Dollar Denominated Bonds & Notes–12.03%(k)
Automotive–0.28%
 
 
Cabonline Group Holding AB (Sweden) (Acquired 10/13/2023; Cost $167,268)(i)(l)
14.00%
03/19/2026
SEK
1,909
172,522
Cabonline Group Holding AB (Sweden) (Acquired 03/24/2022; Cost $784,118)(i)(l)(m)
13.16%
04/19/2026
SEK
7,380
338,613
Cabonline Group Holding AB (Sweden) (Acquired 10/12/2023; Cost $347,109)(i)(l)
14.00%
03/19/2026
SEK
3,818
342,413
 
 
 
 
853,548
Building & Development–0.00%
 
 
Fagus Holdco PLC (United Kingdom) (Acquired 09/05/2023; Cost $0)(e)(i)(n)
 0.00%
09/05/2029
EUR
1
945
Cable & Satellite Television–0.60%
 
 
Altice Finco S.A. (Luxembourg)(l)
 4.75%
01/15/2028
EUR
2,932
1,839,282
Electronics & Electrical–1.01%
 
 
Castor S.p.A. (Italy) (3 mo. EURIBOR + 5.25%)(l)(o)
 8.73%
02/15/2029
EUR
3,000
3,082,449
Financial Intermediaries–7.04%
 
 
AnaCap (AFE S.A. SICAV-RAIF) (Italy) (3 mo. EURIBOR + 7.50%)(l)(o)
10.56%
07/15/2030
EUR
8,976
4,943,782
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%) (Acquired
10/23/2020-11/26/2020; Cost $3,888,987)(i)(l)(o)
 9.31%
05/01/2026
EUR
3,278
2,143,366
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%) (Acquired 10/10/2023;
Cost $938,912)(i)(l)(o)
 9.31%
05/01/2026
EUR
1,000
653,864
Garfunkelux Holdco 3 S.A. (Luxembourg) (Acquired 05/15/2023-10/17/2023;
Cost $4,145,602)(i)(l)
 6.75%
11/01/2025
EUR
4,345
2,823,820
Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 5.50%)(l)(o)
 8.37%
12/15/2029
EUR
4,250
4,378,906
Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 4.63%)(l)(o)
 7.65%
11/15/2027
EUR
6,200
6,534,976
 
 
 
 
21,478,714
Food Service–0.30%
 
 
Selecta Group B.V. 10.00% PIK Rate (Switzerland)(j)(l)
10.00%
07/01/2026
EUR
1,463
927,936
See accompanying notes which are an integral part of this consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Home Furnishings–2.80%
 
 
Very Group Funding PLC (The) (United Kingdom)(l)
 6.50%
08/01/2026
GBP
5,493
$6,474,091
Very Group Funding PLC (The) (United Kingdom)(l)
 6.50%
08/01/2026
GBP
1,750
2,062,563
 
 
 
 
8,536,654
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $48,350,742)
36,719,528
 
 
 
Shares
 
Common Stocks & Other Equity Interests–10.33%(p)
Aerospace & Defense–0.32%
 
 
IAP Worldwide Services, Inc. (Acquired 07/18/2014-08/18/2014; Cost $239,759)(e)(i)
      
 
 
220
0
IAP Worldwide Services, Inc.(e)
      
 
 
1,382,229
746,403
IAP Worldwide Services, Inc.(e)
      
 
 
221,331
221,331
NAC Aviation 8 Ltd. (Ireland)(e)
      
 
 
51,776
0
 
 
 
 
967,734
Automotive–0.03%
 
 
Cabonline, Class D (Acquired 10/30/2023; Cost $57,053) (Sweden)(e)(i)
      
 
 
63,547,434
78,720
Cabonline, Class D1 (Acquired 10/30/2023; Cost $2) (Sweden)(e)(i)
      
 
 
2,236,496
206
Cabonline, Class D2 (Acquired 10/31/2023; Cost $2) (Sweden)(e)(i)
      
 
 
1,908,761
89
Muth Mirror Systems LLC(e)(f)
      
 
 
29,146
0
Muth Mirror Systems LLC, Wts. (Acquired 12/15/2023; Cost $0)(e)(f)(i)
      
 
 
195,471
0
 
 
 
 
79,015
Building & Development–0.00%
 
 
Lake at Las Vegas Joint Venture LLC, Class A (Acquired 07/15/2010;
Cost $24,140,508)(e)(i)
      
 
 
2,338
0
Lake at Las Vegas Joint Venture LLC, Class B (Acquired 07/15/2010; Cost $285,788)(e)(i)
      
 
 
28
0
 
 
 
 
0
Business Equipment & Services–5.00%
 
 
Monitronics International, Inc. (Acquired 06/30/2023; Cost $2,346,937)(e)(i)
      
 
 
116,589
3,839,276
My Alarm Center LLC, Class A (Acquired 03/09/2021-05/17/2024; Cost $4,158,157)(e)(i)
      
 
 
47,743
11,414,849
 
 
 
 
15,254,125
Chemicals & Plastics–0.00%
 
 
Flint Group (ColourOz Inv), Class A (Germany)(e)
      
 
 
18,948
0
Containers & Glass Products–0.07%
 
 
Libbey Glass LLC (Acquired 11/13/2020-02/10/2022; Cost $56,094)(e)(i)
      
 
 
13,797
220,614
Electronics & Electrical–0.00%
 
 
Riverbed Technology LLC, Class B (Acquired 07/03/2023; Cost $5,458) (e)(i)
      
 
 
41,987
5,458
Sandvine Corp.(e)
      
 
 
5,849
0
 
 
 
 
5,458
Financial Intermediaries–0.05%
 
 
RJO Holdings Corp.(e)
      
 
 
2,144
107,203
RJO Holdings Corp., Class A(e)
      
 
 
1,142
57,114
RJO Holdings Corp., Class B(e)
      
 
 
3,334
33
 
 
 
 
164,350
Forest Products–1.59%
 
 
Restoration Forest Products Group LLC(e)
      
 
 
34,747
4,847,153
Health Care–0.00%
 
 
SDB Holdco LLC (Specialty Dental Brands)(e)(f)
      
 
 
5,863,446
6
Home Furnishings–0.15%
 
 
Serta Simmons Bedding LLC (Acquired 06/29/2023; Cost $9,550)(i)
      
 
 
61,610
446,673
Industrial Equipment–0.03%
 
 
North American Lifting Holdings, Inc.
      
 
 
62,889
98,264
See accompanying notes which are an integral part of this consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
 
 
 
Shares
Value
Leisure Goods, Activities & Movies–1.82%
 
 
Crown Finance US, Inc.
      
 
 
149,097
$3,460,244
Crown Finance US, Inc.
      
 
 
772
17,917
USF S&H Holdco LLC (Acquired 12/02/2019; Cost $0)(e)(f)(i)
      
 
 
11,114
2,072,787
Vue International Bidco PLC, Class A1 (Acquired 02/20/2024; Cost $0) (United Kingdom)(e)(i)
      
 
 
2,084
0
Vue International Bidco PLC, Class A2 (Acquired 02/20/2024; Cost $0) (United Kingdom)(e)(i)
      
 
 
1,026,420
1
Vue International Bidco PLC, Class A3 (Acquired 02/20/2024; Cost $0) (United Kingdom)(e)(i)
      
 
 
638,918
1
Vue International Bidco PLC, Class A4 (Acquired 02/20/2024; Cost $0) (United Kingdom)(e)(i)
      
 
 
445,416
0
 
 
 
 
5,550,950
Oil & Gas–0.73%
 
 
McDermott International Ltd.(e)
      
 
 
447,919
61,361
Samson Investment Co., Class A (Acquired 03/01/2017; Cost $2,932,743)(e)(i)
      
 
 
163,748
18,012
Talos Energy, Inc.(q)
      
 
 
149,121
1,677,611
Tribune Resources LLC (Acquired 04/03/2018; Cost $1,915,487)(i)
      
 
 
376,237
479,702
 
 
 
 
2,236,686
Radio & Television–0.00%
 
 
iHeartMedia, Inc., Class B(e)(q)
      
 
 
42
89
Retailers (except Food & Drug)–0.00%
 
 
Claire’s Stores, Inc. (Acquired 10/12/2018; Cost $675,080)(i)
      
 
 
420
1,260
Surface Transport–0.54%
 
 
Commercial Barge Line Co. (Acquired 02/15/2018-02/06/2020; Cost $743,133)(e)(i)
      
 
 
8,956
769,231
Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045 (Acquired
08/18/2023-10/30/2024; Cost $64,730)(e)(i)
      
 
 
118,144
73,840
Commercial Barge Line Co., Wts., expiring 04/27/2045 (Acquired
02/15/2018-02/06/2020; Cost $781,183)(e)(i)
      
 
 
9,414
808,568
 
 
 
 
1,651,639
Total Common Stocks & Other Equity Interests (Cost $56,394,266)
31,524,016
Preferred Stocks–2.72%(p)
Financial Intermediaries–0.08%
 
 
RJO Holdings Corp., Series A-2, Pfd.(e)
      
 
 
649
236,848
Health Care–0.41%
 
 
SDB Holdco LLC (Specialty Dental Brands), Pfd.(e)(f)
      
 
 
2,844,928
1,249,492
Oil & Gas–0.09%
 
 
McDermott International Ltd., Pfd.(e)
      
 
 
1,114
278,558
Southcross Energy Partners L.P., Series A, Pfd. (Acquired 05/07/2019-05/09/2019;
Cost $285,287)(e)(i)
      
 
 
288,393
1,702
 
 
 
 
280,260
Retailers (except Food & Drug)–0.07%
 
 
Vivarte S.A.S.U., Pfd. (France)(e)
      
 
 
1,220,502
232,158
Surface Transport–2.07%
 
 
Commercial Barge Line Co., Series B, Pfd. (Acquired 02/05/2020-10/27/2020;
Cost $978,436)(e)(i)
      
 
 
42,058
3,709,095
Commercial Barge Line Co., Series B, Pfd., Wts., expiring 04/27/2045 (Acquired
02/05/2020-10/27/2020; Cost $687,140)(e)(i)
      
 
 
29,536
2,604,780
 
 
 
 
6,313,875
Total Preferred Stocks (Cost $9,776,960)
8,312,633
 
Interest
Rate
Maturity
Date

Principal
Amount
(000)(a)
 
U.S. Dollar Denominated Bonds & Notes–1.49%
Aerospace & Defense–0.27%
 
 
Rand Parent LLC (l)
 8.50%
02/15/2030
 
$820
831,496
Building & Development–0.12%
 
 
Signal Parent, Inc. (l)
 6.13%
04/01/2029
 
564
345,348
See accompanying notes which are an integral part of this consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)(a)
Value
Food Products–0.52%
 
 
Teasdale Foods, Inc. (Acquired 12/18/2020-10/23/2024; Cost $2,867,565)(e)(f)(i)
16.25%
06/18/2026
 
$2,913
$1,593,216
Telecommunications–0.58%
 
 
Windstream Services LLC/Windstream Escrow Finance Corp. (l)
 7.75%
08/15/2028
 
1,758
1,773,288
Total U.S. Dollar Denominated Bonds & Notes (Cost $5,836,526)
4,543,348
Asset-Backed Securities–1.26%
Structured Products–1.26%
 
 
Barings Euro CLO DAC, Series 2019-1A, Class ER (Ireland) (3 mo. EURIBOR + 7.21%) (k)(l)(o)
10.39%
04/15/2036
EUR
1,750
1,803,270
Empower CLO Ltd., Series 2023-2A, Class E (Cayman Islands) (3 mo. Term SOFR +
8.25%)(l)(o)
12.91%
07/15/2036
 
2,000
2,050,296
Total Asset-Backed Securities (Cost $3,923,120)
3,853,566
TOTAL INVESTMENTS IN SECURITIES–113.05% (Cost $413,477,577)
345,068,293
BORROWINGS–(14.58)%
(44,500,000
)
OTHER ASSETS LESS LIABILITIES–1.53%
4,655,491
NET ASSETS–100.00%
$305,223,784
Investment Abbreviations: 
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)
Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Fund’s use of leverage.
(e)
Security valued using significant unobservable inputs (Level 3). See Note 1.
(f)
Acquired through direct lending. Direct loans may be subject to liquidity and interest rate risk and certain direct loans may be deemed illiquid.
(g)
All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding.
(h)
This variable rate interest will settle after November 30, 2024, at which time the interest rate will be determined.
(i)
Restricted security. The aggregate value of these securities at November 30, 2024 was $62,187,758, which represented 20.37% 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)
Foreign denominated security. Principal amount is denominated in the currency indicated.
(l)
Security purchased or received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from
registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2024 was $43,522,281,
which represented 14.26% of the Fund’s Net Assets.
(m)
Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The value of this security at November 30, 2024
represented less than 1% of the Fund’s Net Assets.
(n)
Zero coupon bond issued at a discount.
(o)
Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2024.
(p)
Securities acquired through the restructuring of senior loans.
(q)
Non-income producing security.
The aggregate value of securities considered illiquid at November 30, 2024 was $194,353,562 which represented 63.68% of the Fund’s Net Assets. 
See accompanying notes which are an integral part of this consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
Open Forward Foreign Currency Contracts
Settlement
Date
Counterparty
Contract to
Unrealized
Appreciation
(Depreciation)
Deliver
Receive
Currency Risk
 
 
 
12/27/2024
Bank of New York Mellon (The)
USD
25,276,481
EUR
23,988,309
$99,997
12/27/2024
Barclays Bank PLC
EUR
28,203,517
USD
30,550,482
714,867
12/27/2024
Barclays Bank PLC
GBP
3,856,732
USD
5,005,982
98,551
12/27/2024
Barclays Bank PLC
NOK
1,711
USD
156
1
12/27/2024
Barclays Bank PLC
USD
154
NOK
1,711
0
12/27/2024
BNP Paribas S.A.
EUR
26,317,987
USD
28,554,412
713,439
12/27/2024
BNP Paribas S.A.
GBP
3,992,232
USD
5,180,069
100,224
12/27/2024
BNP Paribas S.A.
SEK
12,654,886
USD
1,202,896
39,975
12/27/2024
BNP Paribas S.A.
USD
4,687,807
GBP
3,706,938
29,023
12/27/2024
Canadian Imperial Bank of Commerce
EUR
2,000,000
USD
2,168,156
52,419
12/27/2024
Canadian Imperial Bank of Commerce
USD
4,688,597
GBP
3,706,938
28,233
01/27/2025
Canadian Imperial Bank of Commerce
USD
605,208
EUR
574,245
3,104
12/27/2024
Citibank, N.A.
USD
953,423
SEK
10,509,391
12,337
12/27/2024
Morgan Stanley and Co. International PLC
USD
24,878,898
EUR
23,630,275
118,827
12/27/2024
Royal Bank of Canada
GBP
4,108,996
USD
5,334,983
106,565
12/27/2024
Royal Bank of Canada
USD
25,295,672
EUR
23,988,309
80,807
12/27/2024
Royal Bank of Canada
USD
4,913,689
GBP
3,885,088
29,824
12/27/2024
State Street Bank & Trust Co.
EUR
25,585,388
USD
27,747,226
681,247
12/27/2024
State Street Bank & Trust Co.
USD
180,223
SEK
1,972,483
1,038
Subtotal—Appreciation
2,910,478
Currency Risk
 
 
 
01/27/2025
Bank of New York Mellon (The)
EUR
23,988,309
USD
25,314,862
(96,560
)
12/27/2024
Barclays Bank PLC
USD
16,343
SEK
173,012
(444
)
01/27/2025
Barclays Bank PLC
NOK
1,711
USD
154
(0
)
12/27/2024
BNP Paribas S.A.
GBP
141,006
USD
177,997
(1,424
)
12/27/2024
BNP Paribas S.A.
USD
5,378,109
EUR
5,000,000
(88,766
)
01/27/2025
BNP Paribas S.A.
GBP
3,706,938
USD
4,687,276
(28,941
)
01/27/2025
Canadian Imperial Bank of Commerce
GBP
3,752,659
USD
4,745,861
(28,526
)
01/27/2025
Canadian Imperial Bank of Commerce
USD
3,712,539
EUR
3,500,000
(4,900
)
01/27/2025
Citibank, N.A.
SEK
10,528,894
USD
957,061
(12,260
)
12/27/2024
Morgan Stanley and Co. International PLC
USD
1,591,621
EUR
1,500,000
(4,818
)
01/27/2025
Morgan Stanley and Co. International PLC
EUR
23,630,275
USD
24,916,707
(115,441
)
01/27/2025
Royal Bank of Canada
EUR
23,988,309
USD
25,334,053
(77,369
)
01/27/2025
Royal Bank of Canada
GBP
3,885,088
USD
4,913,149
(29,723
)
01/27/2025
State Street Bank & Trust Co.
EUR
178,101
USD
188,053
(613
)
12/27/2024
UBS AG
USD
4,338,060
EUR
4,000,000
(106,586
)
12/27/2024
UBS AG
USD
1,037,951
GBP
800,000
(20,005
)
01/27/2025
UBS AG
EUR
2,000,000
USD
2,112,658
(5,992
)
Subtotal—Depreciation
(622,368
)
Total Forward Foreign Currency Contracts
$2,288,110
 
Abbreviations:
EUR
– Euro
GBP
– British Pound Sterling
NOK
– Norwegian Krone
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 consolidated schedule.
Invesco Dynamic Credit Opportunity Fund
Notes to Quarterly Consolidated 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. When significant events cause market movements to 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 (the "Adviser") 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 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
$—
$96,144,675
$163,970,527
$260,115,202
Non-U.S. Dollar Denominated Bonds & Notes
—
36,718,583
945
36,719,528
Common Stocks & Other Equity Interests
1,677,611
4,504,060
25,342,345
31,524,016
Preferred Stocks
—
—
8,312,633
8,312,633
U.S. Dollar Denominated Bonds & Notes
—
2,950,132
1,593,216
4,543,348
Asset-Backed Securities
—
3,853,566
—
3,853,566
Total Investments in Securities
1,677,611
144,171,016
199,219,666
345,068,293
Other Investments - Assets*
Investments Matured
—
2,075,590
611,520
2,687,110
Forward Foreign Currency Contracts
—
2,910,478
—
2,910,478
 
—
4,986,068
611,520
5,597,588
Other Investments - Liabilities*
Forward Foreign Currency Contracts
—
(622,368
)
—
(622,368
)
Total Other Investments
—
4,363,700
611,520
4,975,220
Total Investments
$1,677,611
$148,534,716
$199,831,186
$350,043,513
 
*
Forward foreign currency contracts are valued at unrealized appreciation (depreciation). Investments matured are shown at value.
A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) during the nine months ended November 30, 2024: 
 
Value
02/29/24
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
11/30/24
Variable Rate Senior Loan Interests
$209,861,254
$17,868,022
$(59,646,227
)
$520,928
$(5,707,750
)
$3,615,846
$2,464,814
$(5,006,360
)
$163,970,527
Common Stocks & Other Equity Interests
28,279,026
7,743,917
(12,116,320
)
(6,277
)
(1,447,795
)
340,706
2,549,088
—
25,342,345
Preferred Stocks
8,803,530
1,466,721
—
—
—
(1,957,618
)
—
—
8,312,633
U.S. Dollar Denominated Bonds & Notes
596,036
329,073
—
12,916
—
655,191
—
—
1,593,216
Investments Matured
307,903
—
(614,173
)
—
—
(119,778
)
1,037,568
—
611,520
Non-U.S. Dollar Denominated Bonds & Notes
96,643
—
(97,854
)
—
97,854
(95,698
)
—
—
945
Municipal Obligations
3,173,155
—
(3,859,858
)
5,679
—
681,024
—
—
—
Total
$251,117,547
$27,407,733
$(76,334,432
)
$533,246
$(7,057,691
)
$3,119,673
$6,051,470
$(5,006,360
)
$199,831,186
*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.
Securities determined to be Level 3 at the end of the reporting period were valued primarily by utilizing evaluated prices from a third-party vendor pricing service. A significant change in third-party pricing information could result in a lower or higher value in Level 3 investments.
Invesco Dynamic Credit Opportunity 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 11/30/24
Valuation
Technique
Unobservable
Inputs
Range of
Unobservable
Inputs
Weighted Average of
Unobservable Inputs
Based on Fair Value
Variable Rate Senior Loan Interests
$163,970,527
Comparable Companies
EBITDA Multiple
7.0x
-
 
Discounted Cash Flow Model
Discount Rate
12.42%
-
Common Stocks & Other Equity Interests
25,342,345
Comparable Companies
EBITDA Multiple
5.5x
-
 
Discounted Cash Flow Model
Discount Rate
10.7%
-
 
 
EBITDA Multiple
8.4x
-
Preferred Stocks
8,312,633
Comparable Companies
EBITDA Multiple
8.75x
-
U.S. Dollar Denominated Bonds & Notes
1,593,216
Comparable Companies
EBITDA Multiple
9.25x-10.75x
10x
Investments Matured
611,520
Expected Recovery
Anticipated Proceeds
13.14% of Par
-
Non-U.S. Dollar Denominated Bonds & Notes
945
Expected Recovery
Anticipated Proceeds
100% of Par
-
Invesco Dynamic Credit Opportunity Fund