# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001752724-25-183689
**Filing Date:** 2025-7
**Character Count:** 137328
**Document Hash:** cdbc0090c4cc7229bfd7e5ecc4da0dc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183689.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183689

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Exchange-Traded Fund Trust II
- **CENTRAL INDEX KEY:** 0001378872

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 251166440

**BUSINESS ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515
- **BUSINESS PHONE:** 800-983-0903

**MAIL ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Exchange-Traded Fund Trust II
- **DATE OF NAME CHANGE:** 20070919

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Global Exchange-Traded Fund Trust
- **DATE OF NAME CHANGE:** 20061023

## Series and Classes Contracts Data

### Invesco Senior Loan ETF (Series ID: S000031053)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000096299 | Invesco Senior Loan ETF | BKLN            |

## Nport-Ex

Schedule of Investments

**Invesco Senior Loan ETF (BKLN)**

May 31, 2025

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Variable Rate Senior Loan Interests-90.55%**<sup>(a)(b)</sup> <br>|  |  |  |  |
| **Aerospace & Defense-3.94%** |  |  |  |  |
| Amentum Government Services Holdings LLC, Term Loan B (1 mo. SOFR + 2.25%) | 6.58% | 09/29/2031 | $70964 | &nbsp;&nbsp; $70742798 |
| Arxis |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(c)</sup> | 0.00% | 02/26/2032 | 3366 | &nbsp;&nbsp; 3348800 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. Term SOFR + 2.75%) | 7.08% | 02/26/2032 | 35681 | &nbsp;&nbsp; 35497275 |
| KKR Apple Bidco LLC, Term Loan B (1 mo. SOFR + 2.50%) | 6.83% | 09/22/2028 | 10310 | &nbsp;&nbsp; 10268133 |
| Peraton Corp., First Lien Term Loan B (1 mo. SOFR + 3.85%) | 8.18% | 02/01/2028 | 113902 | &nbsp;&nbsp; 98972009 |
| TransDigm, Inc., Term Loan J (3 mo. Term SOFR + 2.50%) | 6.80% | 02/28/2031 | 46954 | &nbsp;&nbsp; 47005140 |
|  |  |  |  | &nbsp;&nbsp; 265834155 |
| **Automotive-4.37%** |  |  |  |  |
| Belron Group S.A., Term Loan B (3 mo. SOFR + 2.75%) | 7.05% | 10/16/2031 | 88246 | &nbsp;&nbsp; 88720709 |
| Mavis Tire Express Services Topco Corp., Term Loan B (3 mo. SOFR + 3.00%) | 7.33% | 05/04/2028 | 9160 | &nbsp;&nbsp; 9098687 |
| Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan (Canada) (1 mo. SOFR + 2.50%) | 6.83% | 05/06/2030 | 69610 | &nbsp;&nbsp; 69348504 |
| &nbsp;&nbsp;&nbsp; Term Loan B (Canada) (1 mo. Term SOFR + 2.75%) | 7.08% | 01/15/2032 | 87496 | &nbsp;&nbsp; 87386552 |
| Wand Newco 3, Inc., Term Loan B (1 mo. SOFR + 2.50%) | 6.83% | 01/30/2031 | 40717 | &nbsp;&nbsp; 40397737 |
|  |  |  |  | &nbsp;&nbsp; 294952189 |
| **Beverage & Tobacco-2.28%** |  |  |  |  |
| AI Aqua Merger Sub, Inc., Term Loan B (1 mo. SOFR + 3.00%) | 7.32% | 07/31/2028 | 93429 | &nbsp;&nbsp; 93002381 |
| Triton Water Holdings, Inc., Term Loan B (3 mo. SOFR + 2.25%) | 6.55% | 03/31/2028 | 60466 | &nbsp;&nbsp; 60553543 |
|  |  |  |  | &nbsp;&nbsp; 153555924 |
| **Brokers, Dealers & Investment Houses-0.06%** |  |  |  |  |
| Ascensus Group Holdings, Inc., Term Loan B (1 mo. SOFR + 3.00%) | 7.33% | 08/02/2028 | 4267 | &nbsp;&nbsp; 4260058 |
| **Building & Development-2.94%** |  |  |  |  |
| Chariot Buyer LLC, First Lien Term Loan (1 mo. SOFR + 3.35%) | 7.68% | 11/03/2028 | 51966 | &nbsp;&nbsp; 51833230 |
| Cornerstone Building Brands, Inc., Term Loan B (1 mo. SOFR + 3.25%) | 7.68% | 04/12/2028 | 34058 | &nbsp;&nbsp; 30496288 |
| Quikrete Holdings, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. SOFR + 2.25%) | 6.58% | 02/15/2032 | 22801 | &nbsp;&nbsp; 22732662 |
| &nbsp;&nbsp;&nbsp; Term Loan B-1 (1 mo. SOFR + 2.25%) | 6.58% | 04/14/2031 | 20924 | &nbsp;&nbsp; 20857605 |
| White Cap Buyer LLC, Term Loan B (1 mo. SOFR + 3.25%) | 7.58% | 10/19/2029 | 73012 | &nbsp;&nbsp; 72424835 |
|  |  |  |  | &nbsp;&nbsp; 198344620 |
| **Business Equipment & Services-8.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC (USAGM Holdco LLC/UNSEAM), Term Loan (1 mo. SOFR + <br> 3.85%)<br>| 8.18% | 05/12/2028 | 69036 | &nbsp;&nbsp; 69214038 |
| Asurion LLC, Second Lien Term Loan B-4 (1 mo. SOFR + 5.36%) | 9.69% | 01/20/2029 | 49481 | &nbsp;&nbsp; 47080595 |
| Boost Newco Borrower LLC (WorldPay), Term Loan B (3 mo. SOFR + 2.00%) | 6.30% | 01/31/2031 | 74521 | &nbsp;&nbsp; 74741942 |
| Cloud Software Group, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. SOFR + 3.75%) | 8.05% | 03/21/2031 | 57051 | &nbsp;&nbsp; 56979261 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. SOFR + 3.50%) | 7.80% | 03/30/2029 | 70437 | &nbsp;&nbsp; 70349589 |
| Dun & Bradstreet Corp. (The), Term Loan B (1 mo. SOFR + 2.25%) | 6.57% | 01/18/2029 | 59558 | &nbsp;&nbsp; 59595236 |
| Mitchell International, Inc., Term Loan B (1 mo. SOFR + 3.25%) | 7.58% | 06/17/2031 | 52179 | &nbsp;&nbsp; 52086934 |
| Nuvei Tech Corp., Pivotal Refi L.P., Nuvei Tech, Inc., Term Loan B (1 mo. SOFR + 3.00%) | 7.33% | 11/15/2031 | 50471 | &nbsp;&nbsp; 50460998 |
| Solera (Polaris Newco LLC), First Lien Term Loan (3 mo. SOFR + 4.01%) | 8.29% | 06/02/2028 | 66446 | &nbsp;&nbsp; 64483067 |
|  |  |  |  | &nbsp;&nbsp; 544991660 |
| **Cable & Satellite Television-3.17%** |  |  |  |  |
| Charter Communications Operating LLC, Term Loan B-5 (3 mo. SOFR + 2.25%) | 6.55% | 11/21/2031 | 14813 | &nbsp;&nbsp; 14823620 |
| CSC Holdings LLC, Term Loan (1 mo. USD Prime + 2.50%) | 9.00% | 04/15/2027 | 51598 | &nbsp;&nbsp; 50694754 |
| SFR-Numericable (YPSO, Altice France), Term Loan B-14 (France) (3 mo. SOFR + 5.50%) | 9.76% | 08/15/2028 | 78426 | &nbsp;&nbsp; 72409330 |
| Virgin Media 02 - LG, Term Loan N (United Kingdom) (1 mo. SOFR + 2.61%) | 6.94% | 01/31/2028 | 40202 | &nbsp;&nbsp; 39636444 |
| Ziggo Vodafone - LG, Term Loan I (1 mo. SOFR + 2.61%) | 6.94% | 04/30/2028 | 36863 | &nbsp;&nbsp; 35949003 |
|  |  |  |  | &nbsp;&nbsp; 213513151 |
| **Chemicals & Plastics-1.69%** |  |  |  |  |
| Nouryon Finance B.V., Term Loan B (3 mo. SOFR + 3.25%) | 7.51% | 04/03/2028 | 51318 | &nbsp;&nbsp; 51553211 |
| Proampac PG Borrower LLC, Term Loan (3 mo. SOFR + 4.00%) | 8.32% | 09/15/2028 | 13578 | &nbsp;&nbsp; 13588590 |
| Univar, Inc., Term Loan B (1 mo. SOFR + 2.75%) | 7.07% | 08/01/2030 | 48828 | &nbsp;&nbsp; 48759192 |
|  |  |  |  | &nbsp;&nbsp; 113900993 |

---

See accompanying notes which are an integral part of this schedule.

------

**Invesco Senior Loan ETF (BKLN)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Clothing & Textiles-1.07%** |  |  |  |  |
| ABG Intermediate Holdings 2 LLC, Term Loan B (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.58% | 12/21/2028 | $72599 | &nbsp;&nbsp; $72222607 |
| **Containers & Glass Products-1.19%** |  |  |  |  |
| Flex Acquisition Co., Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(c)</sup> | &nbsp;&nbsp; 0.00% | 04/30/2032 | 519 | &nbsp;&nbsp; 515702 |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan B (1 mo. SOFR + 3.18%) | &nbsp;&nbsp; 7.50% | 04/13/2029 | 50244 | &nbsp;&nbsp; 50106683 |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.55% | 04/30/2032 | 29691 | &nbsp;&nbsp; 29498178 |
|  |  |  |  | &nbsp;&nbsp; 80120563 |
| **Cosmetics & Toiletries-0.05%** |  |  |  |  |
| Bausch and Lomb, Inc., Term Loan (Canada) (1 mo. SOFR + 3.35%) | &nbsp;&nbsp; 7.68% | 05/10/2027 | 3127 | &nbsp;&nbsp; 3121767 |
| **Drugs-0.27%** |  |  |  |  |
| Jazz Pharmaceuticals, Inc., Term Loan B (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.58% | 05/05/2028 | 4674 | &nbsp;&nbsp; 4678344 |
| Phoenix Guarantor Inc. (BrightSpring Health Services), Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.83% | 02/21/2031 | 13808 | &nbsp;&nbsp; 13838050 |
|  |  |  |  | &nbsp;&nbsp; 18516394 |
| **Electronics & Electrical-14.62%** |  |  |  |  |
| Boxer Parent Co., Inc., Term Loan B (3 mo. SOFR + 3.00%) | &nbsp;&nbsp; 7.33% | 07/30/2031 | 81881 | &nbsp;&nbsp; 81407446 |
| Central Parent LLC, Term Loan (3 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.55% | 07/06/2029 | 74159 | &nbsp;&nbsp; 66199785 |
| CommScope LLC, Term Loan B (1 mo. SOFR + 5.25%) | &nbsp;&nbsp; 9.58% | 12/17/2029 | 532 | &nbsp;&nbsp; 537972 |
| CoreLogic, Inc., First Lien Term Loan (1 mo. SOFR + 3.61%) | &nbsp;&nbsp; 7.94% | 06/02/2028 | 60660 | &nbsp;&nbsp; 59924840 |
| Epicor Software Corp., Term Loan B (1 mo. SOFR + 2.75%) | &nbsp;&nbsp; 7.08% | 05/30/2031 | 58219 | &nbsp;&nbsp; 58425166 |
| Gen Digital, Inc., Term Loan A (1 mo. SOFR + 1.60%) | &nbsp;&nbsp; 5.93% | 09/10/2027 | 65924 | &nbsp;&nbsp; 65971662 |
| Kaseya, Inc., Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.58% | 03/08/2032 | 37000 | &nbsp;&nbsp; 37039775 |
| McAfee Enterprise, First Lien Term Loan (3 mo. SOFR + 7.26%) | 11.55% | 07/27/2028 | 831 | &nbsp;&nbsp; 0 |
| McAfee LLC, Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 7.33% | 03/01/2029 | 100659 | &nbsp;&nbsp; 97161322 |
| Modena Buyer LLC (End User Computing), Term Loan (3 mo. SOFR + 4.50%) | &nbsp;&nbsp; 8.78% | 07/01/2031 | 48453 | &nbsp;&nbsp; 47082815 |
| Project Alpha Intermediate Holding, Inc., Term Loan B (3 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.55% | 10/28/2030 | 45547 | &nbsp;&nbsp; 45736943 |
| Proofpoint, Inc., Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 7.33% | 08/31/2028 | 89482 | &nbsp;&nbsp; 89563155 |
| Quest Software US Holdings, Inc., First Lien Term Loan (2 mo. SOFR + 4.40%)<sup>(d)</sup> | &nbsp;&nbsp; 8.73% | 02/01/2029 | 53887 | &nbsp;&nbsp; 31524152 |
| RealPage, Inc., First Lien Term Loan (3 mo. SOFR + 3.26%) | &nbsp;&nbsp; 7.56% | 04/24/2028 | 60806 | &nbsp;&nbsp; 60408328 |
| Rocket Software, Inc., Term Loan B (1 mo. SOFR + 4.25%) | &nbsp;&nbsp; 8.58% | 11/28/2028 | 46245 | &nbsp;&nbsp; 46366467 |
| SS&C Technologies Holdings, Inc., Term Loan B-8 (1 mo. SOFR + 2.00%) | &nbsp;&nbsp; 6.33% | 05/09/2031 | 57219 | &nbsp;&nbsp; 57492001 |
| Syncsort, Inc., First Lien Term Loan (3 mo. SOFR + 4.26%) | &nbsp;&nbsp; 8.54% | 04/24/2028 | 24966 | &nbsp;&nbsp; 23474618 |
| Ultimate Software Group, Inc., First Lien Term Loan (3 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.93% | 02/10/2031 | 117230 | &nbsp;&nbsp; 117586763 |
|  |  |  |  | &nbsp;&nbsp; 985903210 |
| **Financial Intermediaries-6.59%** |  |  |  |  |
| Aretec Group, Inc., Term Loan B (1 mo. SOFR + 3.50%) | &nbsp;&nbsp; 7.83% | 08/09/2030 | 10180 | &nbsp;&nbsp; 10177393 |
| AssuredPartners, Inc., Term Loan B-5 (1 mo. SOFR + 3.50%) | &nbsp;&nbsp; 7.83% | 02/14/2031 | 110378 | &nbsp;&nbsp; 110682655 |
| Broadstreet Partners, Inc., Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 7.33% | 06/13/2031 | 69002 | &nbsp;&nbsp; 69153343 |
| Citadel Securities L.P., Term Loan B (1 mo. SOFR + 2.00%) | &nbsp;&nbsp; 6.33% | 10/31/2031 | 73813 | &nbsp;&nbsp; 74154618 |
| Focus Financial Partners LLC, Term Loan B-8 (1 mo. SOFR + 2.75%) | &nbsp;&nbsp; 7.08% | 09/15/2031 | 63028 | &nbsp;&nbsp; 70757954 |
| Jane Street Group LLC, Term Loan B (3 mo. SOFR + 2.00%) | &nbsp;&nbsp; 6.33% | 12/31/2031 | 64303 | &nbsp;&nbsp; 64216552 |
| Nexus Buyer LLC, Term Loan B (1 mo. SOFR + 3.50%) | &nbsp;&nbsp; 7.83% | 07/31/2031 | 45055 | &nbsp;&nbsp; 45147769 |
|  |  |  |  | &nbsp;&nbsp; 444290284 |
| **Food Products-0.79%** |  |  |  |  |
| Froneri International PLC, Term Loan B (United Kingdom) (6 mo. SOFR + 2.00%) | &nbsp;&nbsp; 6.24% | 09/17/2031 | 53047 | &nbsp;&nbsp; 52980816 |
| **Food Service-3.62%** |  |  |  |  |
| BCPE Empire Holdings, Inc. (ImperialDade), Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.58% | 12/11/2030 | 51851 | &nbsp;&nbsp; 51458860 |
| IRB Holding Corp., Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.83% | 12/15/2027 | 82151 | &nbsp;&nbsp; 82166709 |
| New Red Finance, Inc., Term Loan B-6 (1 mo. SOFR + 1.75%) | &nbsp;&nbsp; 6.08% | 09/20/2030 | 58093 | &nbsp;&nbsp; 57954990 |
| Whatabrands LLC, Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.83% | 08/03/2028 | 52412 | &nbsp;&nbsp; 52345095 |
|  |  |  |  | &nbsp;&nbsp; 243925654 |
| **Health Care-10.53%** |  |  |  |  |
| athenahealth Group, Inc., Term Loan (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 7.33% | 02/15/2029 | 116168 | &nbsp;&nbsp; 115877361 |
| Elanco Animal Health, Inc., Term Loan (1 mo. SOFR + 1.85%) | &nbsp;&nbsp; 6.17% | 08/01/2027 | 48213 | &nbsp;&nbsp; 48212356 |
| Ensemble Health Partners, Term Loan B (3 mo. SOFR + 3.00%) | &nbsp;&nbsp; 7.28% | 08/03/2029 | 57316 | &nbsp;&nbsp; 57486481 |
| ExamWorks Group, Inc., First Lien Term Loan (1 mo. SOFR + 2.75%) | &nbsp;&nbsp; 7.08% | 11/01/2028 | 912 | &nbsp;&nbsp; 914236 |
| Gainwell Acquisition Corp., First Lien Term Loan B (3 mo. SOFR + 4.10%) | &nbsp;&nbsp; 8.40% | 10/01/2027 | 77120 | &nbsp;&nbsp; 74074171 |

---

See accompanying notes which are an integral part of this schedule.

------

**Invesco Senior Loan ETF (BKLN)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Health Care-(continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mozart Debt Merger Sub, Inc. (Medline Industries), Incremental Term Loan B (1 mo. SOFR + <br> 2.25%)<br>| 6.58% | 10/23/2028 | $90089 | &nbsp;&nbsp; $90102979 |
| Opella, Term Loan B (6 mo. SOFR + 3.25%) | 7.44% | 03/31/2032 | 35611 | &nbsp;&nbsp; 35700416 |
| PAREXEL International Corp., Term Loan B (1 mo. SOFR + 2.50%) | 6.83% | 11/15/2028 | 58490 | &nbsp;&nbsp; 58580037 |
| R1 RCM, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan B<sup>(c)</sup> | 0.00% | 10/24/2031 | 3285 | &nbsp;&nbsp; 3281745 |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. SOFR + 3.25%) | 7.58% | 10/24/2031 | 45987 | &nbsp;&nbsp; 45944426 |
| Southern Veterinary Partners LLC, Term Loan B (3 mo. SOFR + 3.25%) | 7.53% | 12/11/2031 | 54613 | &nbsp;&nbsp; 54722704 |
| Syneos Health, Inc., Term Loan (3 mo. SOFR + 4.00%) | 8.30% | 09/27/2030 | 48843 | &nbsp;&nbsp; 48097672 |
| Verscend Holding Corp., Term Loan B (1 mo. SOFR + 2.75%) | 7.07% | 05/01/2031 | 77256 | &nbsp;&nbsp; 77014479 |
|  |  |  |  | &nbsp;&nbsp; 710009063 |
| **Home Furnishings-0.87%** |  |  |  |  |
| Hunter Douglas Holding B.V., Term Loan B (3 mo. SOFR + 3.25%) | 7.55% | 01/14/2032 | 59014 | &nbsp;&nbsp; 58350539 |
| **Industrial Equipment-1.42%** |  |  |  |  |
| Madison IAQ LLC, Term Loan (6 mo. SOFR + 2.50%) | 6.76% | 06/21/2028 | 2638 | &nbsp;&nbsp; 2639973 |
| MKS Instruments, Inc., Term Loan B (1 mo. SOFR + 2.00%) | 6.32% | 08/17/2029 | 24606 | &nbsp;&nbsp; 24704242 |
| &nbsp;&nbsp;&nbsp; Thyssenkrupp Elevators (Vertical Midco GmbH), Term Loan B (Germany) (3 mo. SOFR + <br> 3.00%)<br>| 7.24% | 04/30/2030 | 67901 | &nbsp;&nbsp; 68140295 |
|  |  |  |  | &nbsp;&nbsp; 95484510 |
| **Insurance-7.43%** |  |  |  |  |
| Acrisure LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | 11/06/2030 | 4467 | &nbsp;&nbsp; 4451152 |
| &nbsp;&nbsp;&nbsp; Term Loan B-6 (1 mo. SOFR + 3.00%) | 7.33% | 11/06/2030 | 72062 | &nbsp;&nbsp; 71806670 |
| Alera Group, Inc., Term Loan B (1 mo. Term SOFR + 3.25%) | 7.58% | 05/21/2032 | 30000 | &nbsp;&nbsp; 30054300 |
| Alliant Holdings Intermediate LLC, Term Loan B (1 mo. SOFR + 2.75%) | 7.07% | 09/19/2031 | 67393 | &nbsp;&nbsp; 67180647 |
| AmWINS Group, Inc., Term Loan B (1 mo. SOFR + 2.25%) | 6.58% | 01/23/2032 | 85965 | &nbsp;&nbsp; 85970035 |
| HUB International Ltd., Term Loan B (3 mo. SOFR + 2.50%) | 6.77% | 06/20/2030 | 85869 | &nbsp;&nbsp; 85963902 |
| Hyperion Insurance Group Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B (United Kingdom) (1 mo. Term SOFR + 3.00%) | 7.83% | 04/18/2030 | 8000 | &nbsp;&nbsp; 8041280 |
| &nbsp;&nbsp;&nbsp; Term Loan B (United Kingdom) (1 mo. SOFR + 3.00%) | 7.33% | 02/15/2031 | 54715 | &nbsp;&nbsp; 54689434 |
| Sedgwick Claims Management Services, Inc., Term Loan (1 mo. SOFR + 3.00%) | 7.33% | 07/31/2031 | 92766 | &nbsp;&nbsp; 93016646 |
|  |  |  |  | &nbsp;&nbsp; 501174066 |
| **Leisure Goods, Activities & Movies-2.09%** |  |  |  |  |
| Alpha Topco Ltd. (Delta 2 (Lux) S.a.r.l.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan B-2 (United Kingdom)<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | 09/10/2031 | 14773 | &nbsp;&nbsp; 14804552 |
| &nbsp;&nbsp;&nbsp; Term Loan B-1 (United Kingdom) (3 mo. SOFR + 2.00%) | 6.30% | 09/10/2031 | 29546 | &nbsp;&nbsp; 29609105 |
| UFC Holdings LLC, Term Loan B-4 (3 mo. SOFR + 2.25%) | 6.57% | 11/14/2031 | 53201 | &nbsp;&nbsp; 53392650 |
| William Morris Endeavor Entertainment LLC, Term Loan C (1 mo. SOFR + 3.00%) | 7.33% | 01/27/2032 | 43500 | &nbsp;&nbsp; 43452367 |
|  |  |  |  | &nbsp;&nbsp; 141258674 |
| **Lodging & Casinos-3.64%** |  |  |  |  |
| Caesars Entertainment, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Incremental Term Loan B (1 mo. SOFR + 2.25%) | 6.58% | 02/06/2030 | 7939 | &nbsp;&nbsp; 7933764 |
| &nbsp;&nbsp;&nbsp; Term Loan (1 mo. SOFR + 2.25%) | 6.58% | 02/06/2031 | 41166 | &nbsp;&nbsp; 41101352 |
| Fertitta Entertainment LLC (Golden Nugget), Term Loan (1 mo. SOFR + 3.50%) | 7.83% | 01/27/2029 | 64141 | &nbsp;&nbsp; 63853424 |
| Flutter Financing BV (Stars Group), Term Loan B (3 mo. SOFR + 1.75%) | 6.05% | 11/25/2030 | 72782 | &nbsp;&nbsp; 72680212 |
| Hilton Worldwide Finance LLC, Term Loan B-4 (1 mo. SOFR + 1.75%) | 6.07% | 11/08/2030 | 59274 | &nbsp;&nbsp; 59556525 |
|  |  |  |  | &nbsp;&nbsp; 245125277 |
| **Publishing-1.73%** |  |  |  |  |
| Micro Holding L.P., First Lien Incremental Term Loan (1 mo. SOFR + 4.25%) | 8.58% | 05/03/2028 | 55825 | &nbsp;&nbsp; 53801575 |
| Nielsen Finance LLC, First Lien Term Loan B (3 mo. SOFR + 5.10%) | 9.33% | 04/11/2029 | 66771 | &nbsp;&nbsp; 62692366 |
|  |  |  |  | &nbsp;&nbsp; 116493941 |
| **Rail Industries-0.51%** |  |  |  |  |
| Genesee & Wyoming, Inc., Term Loan (3 mo. SOFR + 1.75%) | 6.05% | 04/10/2031 | 34399 | &nbsp;&nbsp; 34278666 |

---

See accompanying notes which are an integral part of this schedule.

------

**Invesco Senior Loan ETF (BKLN)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Retailers (except Food & Drug)-2.17%** |  |  |  |  |
| Bass Pro Group LLC, Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.58% | 01/31/2032 | $95148 | &nbsp;&nbsp; $94564957 |
| Harbor Freight Tools USA, Inc., Term Loan B (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.58% | 06/11/2031 | 53498 | &nbsp;&nbsp; 51810486 |
|  |  |  |  | &nbsp;&nbsp; 146375443 |
| **Telecommunications-4.44%** |  |  |  |  |
| Genesys Cloud Services Holdings I LLC, Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.83% | 01/26/2032 | 47908 | &nbsp;&nbsp; 47831159 |
| Radiate Holdco LLC, Term Loan B (1 mo. SOFR + 3.36%) | &nbsp;&nbsp; 7.69% | 09/25/2026 | 53376 | &nbsp;&nbsp; 47114577 |
| X Corp., Term Loan B (3 mo. SOFR + 6.50%) | 10.95% | 10/27/2029 | 126000 | &nbsp;&nbsp; 124940970 |
| Zayo Group Holdings, Inc., Term Loan (1 mo. SOFR + 3.11%) | &nbsp;&nbsp; 7.44% | 03/09/2027 | 82874 | &nbsp;&nbsp; 79363628 |
|  |  |  |  | &nbsp;&nbsp; 299250334 |
| **Utilities-0.99%** |  |  |  |  |
| Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.57% | 01/27/2031 | 66231 | &nbsp;&nbsp; 66184210 |
| Vistra Operations Co. LLC, Incremental Term Loan (1 mo. SOFR + 1.75%) | &nbsp;&nbsp; 6.08% | 12/20/2030 | 317 | &nbsp;&nbsp; 317544 |
|  |  |  |  | &nbsp;&nbsp; 66501754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br>(Cost $6,092,985,613) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br>(Cost $6,092,985,613) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br>(Cost $6,092,985,613) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br>(Cost $6,092,985,613) | &nbsp;&nbsp; 6104736312 |
| **U.S. Dollar Denominated Bonds & Notes-5.32%** |  |  |  |  |
| **Aerospace & Defense-0.33%** |  |  |  |  |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.75% | 08/15/2028 | 8000 | &nbsp;&nbsp; 8148816 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.38% | 03/01/2029 | 2000 | &nbsp;&nbsp; 2035094 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.88% | 12/15/2030 | 3000 | &nbsp;&nbsp; 3095829 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.63% | 03/01/2032 | 4000 | &nbsp;&nbsp; 4091020 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.00% | 01/15/2033 | 5000 | &nbsp;&nbsp; 4951161 |
|  |  |  |  | &nbsp;&nbsp; 22321920 |
| **Automobile Components-0.07%** |  |  |  |  |
| Belron UK Finance PLC (United Kingdom)<sup>(f)</sup> | &nbsp;&nbsp; 5.75% | 10/15/2029 | 3000 | &nbsp;&nbsp; 3013109 |
| Clarios Global L.P./Clarios US Finance Co.<sup>(f)</sup> | &nbsp;&nbsp; 6.75% | 02/15/2030 | 1584 | &nbsp;&nbsp; 1614500 |
|  |  |  |  | &nbsp;&nbsp; 4627609 |
| **Building Products-0.07%** |  |  |  |  |
| Cornerstone Building Brands, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 9.50% | 08/15/2029 | 5000 | &nbsp;&nbsp; 4447244 |
| **Capital Markets-0.47%** |  |  |  |  |
| Aretec Group, Inc.<sup>(f)</sup> | 10.00% | 08/15/2030 | 7000 | &nbsp;&nbsp; 7636426 |
| Boost Newco Borrower LLC<sup>(f)</sup> | &nbsp;&nbsp; 7.50% | 01/15/2031 | 22618 | &nbsp;&nbsp; 23945315 |
|  |  |  |  | &nbsp;&nbsp; 31581741 |
| **Commercial Services & Supplies-0.48%** |  |  |  |  |
| Allied Universal Holdco LLC<sup>(f)</sup> | &nbsp;&nbsp; 7.88% | 02/15/2031 | 17597 | &nbsp;&nbsp; 18248775 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.<sup>(f)</sup> | &nbsp;&nbsp; 4.63% | 06/01/2028 | 4300 | &nbsp;&nbsp; 4110437 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.<sup>(f)</sup> | &nbsp;&nbsp; 4.63% | 06/01/2028 | 5000 | &nbsp;&nbsp; 4790159 |
| Madison IAQ LLC<sup>(f)</sup> | &nbsp;&nbsp; 4.13% | 06/30/2028 | 2000 | &nbsp;&nbsp; 1926317 |
| Raven Acquisition Holdings LLC<sup>(f)</sup> | &nbsp;&nbsp; 6.88% | 11/15/2031 | 3145 | &nbsp;&nbsp; 3138590 |
|  |  |  |  | &nbsp;&nbsp; 32214278 |
| **Construction Materials-0.07%** |  |  |  |  |
| Camelot Return Merger Sub, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 8.75% | 08/01/2028 | 4100 | &nbsp;&nbsp; 3632129 |
| Quikrete Holdings, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.38% | 03/01/2032 | 810 | &nbsp;&nbsp; 823674 |
|  |  |  |  | &nbsp;&nbsp; 4455803 |
| **Containers & Packaging-0.09%** |  |  |  |  |
| Clydesdale Acquisition Holdings, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.88% | 01/15/2030 | 5000 | &nbsp;&nbsp; 5076500 |
| Clydesdale Acquisition Holdings, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.75% | 04/15/2032 | 738 | &nbsp;&nbsp; 746360 |
|  |  |  |  | &nbsp;&nbsp; 5822860 |
| **Diversified Telecommunication Services-0.10%** |  |  |  |  |
| Altice France S.A. (France)<sup>(f)</sup> | &nbsp;&nbsp; 5.50% | 10/15/2029 | 2600 | &nbsp;&nbsp; 2211042 |
| Radiate Holdco LLC/Radiate Finance, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 4.50% | 09/15/2026 | 685 | &nbsp;&nbsp; 588076 |
| Zayo Group Holdings, Inc., (Acquired 04/19/2021 - 10/17/2024; Cost $3,863,204)<sup>(f)(g)</sup> | &nbsp;&nbsp; 4.00% | 03/01/2027 | 4000 | &nbsp;&nbsp; 3766332 |
|  |  |  |  | &nbsp;&nbsp; 6565450 |

---

See accompanying notes which are an integral part of this schedule.

------

**Invesco Senior Loan ETF (BKLN)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Financial Services-0.58%** |  |  |  |  |
| Focus Financial Partners LLC<sup>(f)</sup> | 6.75% | 09/15/2031 | $13132 | &nbsp;&nbsp; $13293931 |
| Jane Street Group/JSG Finance, Inc.<sup>(f)</sup> | 4.50% | 11/15/2029 | 500 | &nbsp;&nbsp; 481996 |
| Jane Street Group/JSG Finance, Inc.<sup>(f)</sup> | 7.13% | 04/30/2031 | 15000 | &nbsp;&nbsp; 15679320 |
| Jane Street Group/JSG Finance, Inc.<sup>(f)</sup> | 6.13% | 11/01/2032 | 7000 | &nbsp;&nbsp; 7016520 |
| Jane Street Group/JSG Finance, Inc.<sup>(f)</sup> | 6.75% | 05/01/2033 | 2500 | &nbsp;&nbsp; 2565517 |
|  |  |  |  | &nbsp;&nbsp; 39037284 |
| **Ground Transportation-0.07%** |  |  |  |  |
| Genesee & Wyoming, Inc.<sup>(f)</sup> | 6.25% | 04/15/2032 | 5000 | &nbsp;&nbsp; 5084255 |
| **Health Care Equipment & Supplies-0.47%** |  |  |  |  |
| Bausch & Lomb Corp.<sup>(f)</sup> | 8.38% | 10/01/2028 | 2000 | &nbsp;&nbsp; 2070220 |
| Medline Borrower L.P.<sup>(f)</sup> | 3.88% | 04/01/2029 | 22100 | &nbsp;&nbsp; 20845418 |
| Medline Borrower L.P./Medline Co-Issuer, Inc.<sup>(f)</sup> | 6.25% | 04/01/2029 | 9000 | &nbsp;&nbsp; 9169325 |
|  |  |  |  | &nbsp;&nbsp; 32084963 |
| **Health Care Providers & Services-0.02%** |  |  |  |  |
| Star Parent, Inc.<sup>(f)</sup> | 9.00% | 10/01/2030 | 1600 | &nbsp;&nbsp; 1655710 |
| **Hotels, Restaurants & Leisure-0.52%** |  |  |  |  |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 3.88% | 01/15/2028 | 17000 | &nbsp;&nbsp; 16471291 |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 3.50% | 02/15/2029 | 1000 | &nbsp;&nbsp; 944125 |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 6.13% | 06/15/2029 | 9000 | &nbsp;&nbsp; 9187011 |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 5.63% | 09/15/2029 | 3000 | &nbsp;&nbsp; 3021063 |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 4.00% | 10/15/2030 | 3000 | &nbsp;&nbsp; 2762542 |
| Caesars Entertainment, Inc.<sup>(f)</sup> | 7.00% | 02/15/2030 | 2000 | &nbsp;&nbsp; 2053510 |
| Caesars Entertainment, Inc.<sup>(f)</sup> | 6.50% | 02/15/2032 | 859 | &nbsp;&nbsp; 866448 |
|  |  |  |  | &nbsp;&nbsp; 35305990 |
| **Insurance-0.69%** |  |  |  |  |
| Acrisure LLC/Acrisure Finance, Inc.<sup>(f)</sup> | 4.25% | 02/15/2029 | 3282 | &nbsp;&nbsp; 3147856 |
| Acrisure LLC/Acrisure Finance, Inc.<sup>(f)</sup> | 7.50% | 11/06/2030 | 12833 | &nbsp;&nbsp; 13250702 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(f)</sup> | 6.75% | 04/15/2028 | 1500 | &nbsp;&nbsp; 1521944 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(f)</sup> | 7.00% | 01/15/2031 | 2500 | &nbsp;&nbsp; 2558673 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(f)</sup> | 6.50% | 10/01/2031 | 4811 | &nbsp;&nbsp; 4855526 |
| AmWINS Group, Inc.<sup>(f)</sup> | 6.38% | 02/15/2029 | 1580 | &nbsp;&nbsp; 1603123 |
| HUB International Ltd.<sup>(f)</sup> | 7.25% | 06/15/2030 | 18900 | &nbsp;&nbsp; 19694688 |
|  |  |  |  | &nbsp;&nbsp; 46632512 |
| **Machinery-0.18%** |  |  |  |  |
| TK Elevator U.S. Newco, Inc. (Germany)<sup>(f)</sup> | 5.25% | 07/15/2027 | 12200 | &nbsp;&nbsp; 12092118 |
| **Media-0.41%** |  |  |  |  |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | 4.91% | 07/23/2025 | 1000 | &nbsp;&nbsp; 999877 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | 6.48% | 10/23/2045 | 475 | &nbsp;&nbsp; 457452 |
| CSC Holdings LLC<sup>(f)</sup> | 6.50% | 02/01/2029 | 2000 | &nbsp;&nbsp; 1597539 |
| Virgin Media Secured Finance PLC (United Kingdom)<sup>(f)</sup> | 5.50% | 05/15/2029 | 1500 | &nbsp;&nbsp; 1460205 |
| Virgin Media Secured Finance PLC (United Kingdom)<sup>(f)</sup> | 4.50% | 08/15/2030 | 13100 | &nbsp;&nbsp; 12106371 |
| VZ Secured Financing B.V. (Netherlands)<sup>(f)</sup> | 5.00% | 01/15/2032 | 6190 | &nbsp;&nbsp; 5354858 |
| Ziggo B.V. (Netherlands)<sup>(f)</sup> | 4.88% | 01/15/2030 | 6000 | &nbsp;&nbsp; 5482688 |
|  |  |  |  | &nbsp;&nbsp; 27458990 |
| **Passenger Airlines-0.00%** |  |  |  |  |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(f)</sup> | 5.50% | 04/20/2026 | 30 | &nbsp;&nbsp; 29968 |
| **Personal Care Products-0.09%** |  |  |  |  |
| Opal Bidco SAS (France)<sup>(f)</sup> | 6.50% | 03/31/2032 | 6225 | &nbsp;&nbsp; 6223974 |
| **Professional Services-0.13%** |  |  |  |  |
| CoreLogic, Inc.<sup>(f)</sup> | 4.50% | 05/01/2028 | 9100 | &nbsp;&nbsp; 8527575 |
| **Software-0.34%** |  |  |  |  |
| Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.<sup>(f)</sup> | 8.00% | 06/15/2029 | 1500 | &nbsp;&nbsp; 1345271 |
| Central Parent, Inc./CDK Global, Inc.<sup>(f)</sup> | 7.25% | 06/15/2029 | 2500 | &nbsp;&nbsp; 2216937 |
| Cloud Software Group, Inc.<sup>(f)</sup> | 9.00% | 09/30/2029 | 7750 | &nbsp;&nbsp; 7938550 |

---

See accompanying notes which are an integral part of this schedule.

------

**Invesco Senior Loan ETF (BKLN)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Software-(continued)** |  |  |  |  |  |
| Cloud Software Group, Inc.<sup>(f)</sup> | 8.25% | 06/30/2032 | $| 5658 | &nbsp;&nbsp; $5955113 |
| SS&C Technologies, Inc.<sup>(f)</sup> | 6.50% | 06/01/2032 |  | 5500 | &nbsp;&nbsp; 5651508 |
|  |  |  |  |  | &nbsp;&nbsp; 23107379 |
| **Specialty Retail-0.13%** |  |  |  |  |  |
| Wand NewCo 3, Inc.<sup>(f)</sup> | 7.63% | 01/30/2032 |  | 8231 | &nbsp;&nbsp; 8568405 |
| **Wireless Telecommunication Services-0.01%** |  |  |  |  |  |
| VMED O2 UK Financing I PLC (United Kingdom)<sup>(f)</sup> | 4.75% | 07/15/2031 |  | 1000 | &nbsp;&nbsp; 919114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $357,929,331) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $357,929,331) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $357,929,331) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $357,929,331) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $357,929,331) | &nbsp;&nbsp; 358765142 |
|  |  |  | **Shares** | **Shares** |  |
| **Money Market Funds-14.91%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Premier U.S. Government Money Portfolio, Institutional Class, 4.22%<sup>(h)(i)</sup> <br>(Cost $1,005,457,137)<br>|  |  |  | 1005457137 | &nbsp;&nbsp; 1005457137 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.78% <br>(Cost $7,456,372,081) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.78% <br>(Cost $7,456,372,081) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.78% <br>(Cost $7,456,372,081) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.78% <br>(Cost $7,456,372,081) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.78% <br>(Cost $7,456,372,081) | &nbsp;&nbsp; 7468958591 |
| OTHER ASSETS LESS LIABILITIES-(10.78)% | OTHER ASSETS LESS LIABILITIES-(10.78)% | OTHER ASSETS LESS LIABILITIES-(10.78)% | OTHER ASSETS LESS LIABILITIES-(10.78)% | OTHER ASSETS LESS LIABILITIES-(10.78)% | &nbsp;&nbsp; (726822786)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $6742135805 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Investment Abbreviations: <br> SOFR -Secured Overnight Financing Rate <br> USD -U.S. Dollar

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | 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 <br> borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity <br> 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 <br> life of three to five years.<br>|
| <sup>(b)</sup> | 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 <br> 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 <br> 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 <br> rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank.<br>|
| <sup>(c)</sup> | All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding.  |
| <sup>(d)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <sup>(e)</sup> | This variable rate interest will settle after May 31, 2025, at which time the interest rate will be determined. |
| <sup>(f)</sup> | Security purchased or received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from <br> registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $357,307,813, which <br> represented 5.30% of the Fund's Net Assets.<br>|
| <sup>(g)</sup> | Restricted security. The value of this security at May 31, 2025 represented less than 1% of the Fund's Net Assets. |
| <sup>(h)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> 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 <br> affiliates for the nine months ended May 31, 2025.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Premier <br> U.S. Government <br> Money Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $403365070 | &nbsp;&nbsp;&nbsp; $9429986497 | &nbsp;&nbsp;&nbsp; $(8827894430)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1005457137 | &nbsp;&nbsp;&nbsp; $32145754 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(i)</sup> The rate shown is the 7-day SEC standardized yield as of May 31, 2025.

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**

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 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 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 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** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Variable Rate Senior Loan Interests | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $6073212160 | &nbsp;&nbsp;&nbsp; $31524152 | &nbsp;&nbsp;&nbsp; $6104736312 |
| &nbsp;&nbsp;&nbsp; U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 358765142 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 358765142 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1005457137 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 1005457137 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1005457137 | &nbsp;&nbsp;&nbsp; $6431977302 | &nbsp;&nbsp;&nbsp; $31524152 | &nbsp;&nbsp;&nbsp; $7468958591 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Invesco Exchange-Traded Fund Trust II

- **b. Investment Company Act file number:** 811-21977

- **c. CIK number of Registrant:** 0001378872

- **d. LEI of Registrant:** O540V2L4S174Y60FMD36

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3500 Lacey Road

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

  - **Telephone number:** 800-983-0903

**Item A.2. Information about the Series.**

- **a. Name of Series:** Invesco Senior Loan ETF

- **b. EDGAR series identifier (if any):** S000031053

- **c. LEI of Series:** 549300SIHU6DQELRNG59

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $7779314144.02

**Total Liabilities:** $1037133590.53

**Net Assets:** $6742180553.49

**Delayed Delivery Securities:** $518566795.27

**Cash Not Reported:** $69274749.18

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -34.53320498 | **1-Year:** -522.69013134 | **5-Year:** -5424.79779874 | **10-Year:** -1004.00195379 | **30-Year:** -172.75466907

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -346.77547909 | **1-Year:** -18656.45457180 | **5-Year:** -72429.17905965 | **10-Year:** -12904.29044251 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000096299 | -0.49%               | 0.56%                | 1.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-28391880.98            | $-67688046.76                              |
| Month 2  | $-76760372.02            | $30080182.30                               |
| Month 3  | $-42619.59               | $51531829.33                               |

### Schedule of Portfolio Investments

| Name                                                                                | Title                                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Airlines Inc./AAdvantage Loyalty IP Ltd.                                   | American Airlines Inc./AAdvantage Loyalty IP Ltd.                                   | CUSIP: 00253XAA9<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |      30000 | PA      | $29967.49      | 0.00%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc.                                                              | Genesee & Wyoming Inc.                                                              | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    5000000 | PA      | $5084255.00    | 0.08%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Alera Group, Inc.                                                                   | Alera Group, Inc., Term Loan                                                        | CUSIP: 01451PAB2<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |   30000000 | PA      | $30054300.00   | 0.45%             | 2032-05-21      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                         | Caesars Entertainment, Inc.                                                         | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $2053510.00    | 0.03%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Quest Software US Holdings Inc.                                                     | Quest Software US Holdings Inc., First Lien Term Loan                               | CUSIP: 74834YAN2<br>LEI: 549300LMV4JEXTGLE324 | Long             | LON              | CORP              | US        |   53887440 | PA      | $31524152.16   | 0.47%             | 2029-02-01      | Floating      | 8.68%                 | No            |                  3 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc.                                                                     | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    5000000 | PA      | $4951160.50    | 0.07%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance Inc.                                                | Acrisure LLC / Acrisure Finance Inc.                                                | CUSIP: 00489LAF0<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    3282000 | PA      | $3147856.46    | 0.05%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc., Term Loan J                                                        | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   45647726 | PA      | $45697710.14   | 0.68%             | 2031-02-28      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Camelot Return Merger Sub, Inc.                                                     | Camelot Return Merger Sub, Inc.                                                     | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4100000 | PA      | $3632128.50    | 0.05%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                      | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                      | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1521943.50    | 0.02%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Altice France S.A.                                                                  | Altice France S.A.                                                                  | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    2600000 | PA      | $2211041.82    | 0.03%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| McAfee Enterprise                                                                   | McAfee Enterprise, First Lien Term Loan                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     831187 | PA      | $256279.88     | 0.00%             | 2028-07-27      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| Flex Acquisition Co., Inc.                                                          | Flex Acquisition Co., Inc., First Lien Term Loan B                                  | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   50243849 | PA      | $50106683.06   | 0.74%             | 2029-04-13      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC (End User Computing)                                               | Modena Buyer LLC (End User Computing), Term Loan                                    | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |   48453068 | PA      | $47082815.50   | 0.70%             | 2031-07-01      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Jazz Pharmaceuticals, Inc.                                                          | Jazz Pharmaceuticals, Inc., Term Loan B                                             | CUSIP: G5080AAJ1<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |    4674324 | PA      | $4678344.12    | 0.07%             | 2028-05-05      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                                                          | Gainwell Acquisition Corp., First Lien Term Loan B                                  | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   77120428 | PA      | $74074171.57   | 1.10%             | 2027-10-01      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                                                  | AmWINS Group, Inc.                                                                  | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    1580000 | PA      | $1603123.30    | 0.02%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Ascensus Group Holdings, Inc.                                                       | Ascensus Group Holdings, Inc., Term Loan B                                          | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    4266543 | PA      | $4260057.49    | 0.06%             | 2028-08-02      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners, LLC                                                       | Focus Financial Partners, LLC, Term Loan B-8                                        | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |   63027860 | PA      | $62788354.30   | 0.93%             | 2031-09-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                                                   | Cornerstone Building Brands, Inc.                                                   | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    5000000 | PA      | $4447243.50    | 0.07%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Harbor Freight Tools USA, Inc.                                                      | Harbor Freight Tools USA, Inc., Term Loan B                                         | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |   53497806 | PA      | $51810485.62   | 0.77%             | 2031-06-11      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc.                                                                     | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    8000000 | PA      | $8148816.00    | 0.12%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PAREXEL International Corp.                                                         | PAREXEL International Corp., Term Loan B                                            | CUSIP: 71911KAE4<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |   58490254 | PA      | $58580036.92   | 0.87%             | 2028-11-15      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Univar Inc.                                                                         | Univar Inc., Term Loan B                                                            | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |   48827795 | PA      | $48759191.59   | 0.72%             | 2030-08-01      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Mozart Debt Merger Sub Inc. (Medline Industries)                                    | Mozart Debt Merger Sub Inc. (Medline Industries), Incremental Term Loan B           | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   16148273 | PA      | $16150776.12   | 0.24%             | 2028-10-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Alpha Topco Ltd. (Delta 2 (Lux) Sarl)                                               | Alpha Topco Ltd. (Delta 2 (Lux) Sarl), Term Loan B-1                                | CUSIP: L2465BAW6<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |   29546319 | PA      | $29609105.18   | 0.44%             | 2031-09-10      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Belron Group S.A.                                                                   | Belron Group S.A., Term Loan B                                                      | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   12000000 | PA      | $12064500.00   | 0.18%             | 2031-10-16      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Invesco Premier U.S. Government Money Portfolio                                     | Invesco Premier U.S. Government Money Portfolio, Institutional Class                | CUSIP: 00142W843<br>LEI: 549300TCMEM5428K3T88 | Long             | STIV             | RF                | US        | 1005457137 | NS      | $1005457137.29 | 14.91%            |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments, Inc.                                                               | MKS Instruments, Inc., Term Loan B                                                  | CUSIP: 55314NAZ7<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |   24617967 | PA      | $24716438.47   | 0.37%             | 2029-08-17      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC, Incremental Term Loan                                    | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |     316741 | PA      | $317544.41     | 0.00%             | 2030-12-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| R1 RCM Inc.                                                                         | R1 RCM Inc., Delayed Draw Term Loan B                                               | CUSIP: 75419XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    3284816 | PA      | $3281744.72    | 0.05%             | 2031-10-24      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| KKR Apple Bidco, LLC                                                                | KKR Apple Bidco, LLC, Term Loan B                                                   | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |   10309992 | PA      | $10268133.18   | 0.15%             | 2028-09-22      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corp., The                                                         | Dun & Bradstreet Corp., The, Term Loan B                                            | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |    7916242 | PA      | $7921189.67    | 0.12%             | 2029-01-18      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc.                                                | Jane Street Group / JSG Finance Inc.                                                | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    7000000 | PA      | $7016520.00    | 0.10%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Belron UK Finance PLC                                                               | Belron UK Finance PLC                                                               | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    3000000 | PA      | $3013108.62    | 0.04%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Central Parent Inc / CDK Global Inc.                                                | Central Parent Inc / CDK Global Inc.                                                | CUSIP: 15477CAA3<br>LEI: 5493000L10CYRTHIJ385 | Long             | DBT              | CORP              | US        |    2500000 | PA      | $2216936.50    | 0.03%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                               | AssuredPartners, Inc., Term Loan B-5                                                | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |    6181000 | PA      | $6198059.56    | 0.09%             | 2031-02-14      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC                                                                  | Central Parent LLC, Term Loan                                                       | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   74158888 | PA      | $66199785.50   | 0.98%             | 2029-07-06      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Solera (Polaris Newco, LLC)                                                         | Solera (Polaris Newco, LLC), First Lien Term Loan                                   | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   66446220 | PA      | $64483066.37   | 0.96%             | 2028-06-02      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco, Corp.                                            | Mavis Tire Express Services Topco, Corp., Term Loan B                               | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    9159737 | PA      | $9098687.00    | 0.13%             | 2028-05-04      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                          | Cloud Software Group, Inc.                                                          | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    5658000 | PA      | $5955112.90    | 0.09%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                                         | Allied Universal Holdco LLC                                                         | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   17597000 | PA      | $18248775.28   | 0.27%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                                               | Charter Communications Operating, LLC, Term Loan B-5                                | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |   14813399 | PA      | $14823619.80   | 0.22%             | 2031-11-21      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                   | CSC Holdings, LLC                                                                   | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1597539.40    | 0.02%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                             | Quikrete Holdings, Inc., Term Loan B-1                                              | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   20924249 | PA      | $20857604.88   | 0.31%             | 2031-04-14      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| RealPage, Inc.                                                                      | RealPage, Inc., First Lien Term Loan                                                | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |   60805693 | PA      | $60408328.11   | 0.90%             | 2028-04-24      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                         | Caesars Entertainment, Inc., Incremental Term Loan B                                | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    7938725 | PA      | $7933763.76    | 0.12%             | 2030-02-06      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                                                   | Cornerstone Building Brands, Inc., Term Loan B                                      | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |   34058272 | PA      | $30496287.59   | 0.45%             | 2028-04-12      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Acrisure, LLC                                                                       | Acrisure, LLC, Term Loan B-6                                                        | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   26761845 | PA      | $26667107.82   | 0.40%             | 2030-11-06      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC (USAGM Holdco, LLC / UNSEAM)                            | Allied Universal Holdco LLC (USAGM Holdco, LLC / UNSEAM), Term Loan                 | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   14167020 | PA      | $14203571.29   | 0.21%             | 2028-05-12      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Star Parent, Inc.                                                                   | Star Parent, Inc.                                                                   | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1655710.19    | 0.02%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc.                                                | Jane Street Group / JSG Finance Inc.                                                | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    2500000 | PA      | $2565517.50    | 0.04%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                               | 1011778 BC ULC / New Red Finance Inc.                                               | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    3000000 | PA      | $3021063.00    | 0.04%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.   | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.   | CUSIP: 049362AA4<br>LEI: 549300ONXPZT3KQZDR65 | Long             | DBT              | CORP              | US        |    4300000 | PA      | $4110436.82    | 0.06%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ziggo B.V.                                                                          | Ziggo B.V.                                                                          | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    6000000 | PA      | $5482687.92    | 0.08%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co. Inc.                                                               | Boxer Parent Co. Inc., Term Loan B                                                  | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   70424229 | PA      | $70016825.25   | 1.04%             | 2031-07-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Aretec Group, Inc. (fka RCS Capital Corp.)                                          | Aretec Group, Inc. (fka RCS Capital Corp.), Term Loan B                             | CUSIP: 04009DAH7<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |   10180294 | PA      | $10177392.85   | 0.15%             | 2030-08-09      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                               | 1011778 BC ULC / New Red Finance Inc.                                               | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    9000000 | PA      | $9187011.00    | 0.14%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Acrisure, LLC                                                                       | Acrisure, LLC, Term Loan                                                            | CUSIP: 00488PAS4<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    4466965 | PA      | $4451151.88    | 0.07%             | 2030-11-06      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                               | 1011778 BC ULC / New Red Finance Inc.                                               | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   17000000 | PA      | $16471291.50   | 0.24%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SFR-Numericable (YPSO, Altice France)                                               | SFR-Numericable (YPSO, Altice France), Term Loan B-14                               | CUSIP: F6628DAN4<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |   78426187 | PA      | $72409329.59   | 1.07%             | 2028-08-15      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| Clarios Global L.P./ Clarios US Finance Co.                                         | Clarios Global L.P./ Clarios US Finance Co.                                         | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |    1584000 | PA      | $1614499.92    | 0.02%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                                     | ABG Intermediate Holdings 2 LLC, Term Loan B                                        | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |   13163975 | PA      | $13095719.49   | 0.19%             | 2028-12-21      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| William Morris Endeavor Entertainment, LLC                                          | William Morris Endeavor Entertainment, LLC, Term Loan C                             | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   43500000 | PA      | $43452367.50   | 0.64%             | 2032-01-27      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance Inc.                                                | Acrisure LLC / Acrisure Finance Inc.                                                | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   12833000 | PA      | $13250702.09   | 0.20%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL)                      | Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL), Term Loan           | CUSIP: C8000CAM5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   69609539 | PA      | $69348503.43   | 1.03%             | 2030-05-06      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings, LLC                                                     | Raven Acquisition Holdings, LLC                                                     | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3145000 | PA      | $3138589.86    | 0.05%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TK Elevator U.S. Newco, Inc.                                                        | TK Elevator U.S. Newco, Inc.                                                        | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |   12200000 | PA      | $12092117.84   | 0.18%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Thyssenkrupp Elevators (Vertical Midco GmbH)                                        | Thyssenkrupp Elevators (Vertical Midco GmbH), Term Loan                             | CUSIP: D9000BAJ1<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |   67901282 | PA      | $68140294.54   | 1.01%             | 2030-04-30      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Medline Borrower, L.P.                                                              | Medline Borrower, L.P.                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   22100000 | PA      | $20845418.36   | 0.31%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bausch and Lomb, Inc.                                                               | Bausch and Lomb, Inc., Term Loan                                                    | CUSIP: C0787FAB8<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    3127458 | PA      | $3121766.45    | 0.05%             | 2027-05-10      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                             | Quikrete Holdings, Inc., Term Loan B                                                | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   22801066 | PA      | $22732662.47   | 0.34%             | 2032-02-15      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Hub International Ltd.                                                              | Hub International Ltd., Term Loan B                                                 | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   85869446 | PA      | $85963901.99   | 1.28%             | 2030-06-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                                            | AI Aqua Merger Sub, Inc., Term loan B                                               | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   87884109 | PA      | $87482478.42   | 1.30%             | 2028-07-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Flutter Financing B.V. (Stars Group)                                                | Flutter Financing B.V. (Stars Group), Term Loan B                                   | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   72782472 | PA      | $72680212.31   | 1.08%             | 2030-11-25      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                                     | ABG Intermediate Holdings 2 LLC, Term Loan B                                        | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |   59435058 | PA      | $59126887.22   | 0.88%             | 2028-12-21      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                                           | Zayo Group Holdings, Inc., Term Loan                                                | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   82873746 | PA      | $79363628.52   | 1.18%             | 2027-03-09      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                                             | SS&C Technologies, Inc.                                                             | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    5500000 | PA      | $5651508.50    | 0.08%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Proampac PG Borrower LLC                                                            | Proampac PG Borrower LLC, Term Loan                                                 | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   13578406 | PA      | $13588590.21   | 0.20%             | 2028-09-15      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| UFC Holdings, LLC                                                                   | UFC Holdings, LLC, Term Loan B-4                                                    | CUSIP: 90266UAK9<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |   53200596 | PA      | $53392649.95   | 0.79%             | 2031-11-14      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Arxis                                                                               | Arxis, Term Loan                                                                    | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |   35681211 | PA      | $35497274.80   | 0.53%             | 2032-01-30      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Mitchell International, Inc.                                                        | Mitchell International, Inc., Term Loan B                                           | CUSIP: 60662WAW2<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |   52179292 | PA      | $52086934.30   | 0.77%             | 2031-06-17      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| R1 RCM Inc.                                                                         | R1 RCM Inc., Term Loan B                                                            | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   45987424 | PA      | $45944425.92   | 0.68%             | 2031-10-24      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                      | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                      | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    2500000 | PA      | $2558672.50    | 0.04%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                                  | Alliant Holdings Intermediate, LLC, Term Loan B                                     | CUSIP: 01881UAM7<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   58518065 | PA      | $58333732.70   | 0.87%             | 2031-09-19      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Syncsort, Inc.                                                                      | Syncsort, Inc., First Lien Term Loan                                                | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   24966358 | PA      | $23474617.68   | 0.35%             | 2028-04-24      | Floating      | 8.54%                 | No            |                  2 | On Loan: No      |
| Micro Holding, L.P.                                                                 | Micro Holding, L.P., First Lien Incremental Term Loan                               | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   55825240 | PA      | $53801575.06   | 0.80%             | 2028-05-03      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower, LLC (WorldPay)                                                | Boost Newco Borrower, LLC (WorldPay), Term Loan B                                   | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |   74520616 | PA      | $74741942.02   | 1.11%             | 2031-01-31      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| BCPE Empire Holdings, Inc. (ImperialDade)                                           | BCPE Empire Holdings, Inc. (ImperialDade), Term Loan                                | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |    2000000 | PA      | $1984880.00    | 0.03%             | 2030-12-11      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Jane Street Group, LLC                                                              | Jane Street Group, LLC, Term Loan B                                                 | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   64302718 | PA      | $64216552.21   | 0.95%             | 2031-12-31      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| athenahealth Group Inc.                                                             | athenahealth Group Inc., Term Loan                                                  | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   91822895 | PA      | $91593337.92   | 1.36%             | 2029-02-15      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC / CDK Global II LLC / CDK Financing Co. Inc.                     | Central Parent LLC / CDK Global II LLC / CDK Financing Co. Inc.                     | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1345271.40    | 0.02%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                                     | Madison IAQ LLC                                                                     | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1926317.40    | 0.03%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Alpha Topco Ltd. (Delta 2 (Lux) Sarl)                                               | Alpha Topco Ltd. (Delta 2 (Lux) Sarl), Delayed Draw Term Loan B-2                   | CUSIP: L2465BAX4<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |   14773159 | PA      | $14804551.71   | 0.22%             | 2031-09-10      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                                             | X Corp., Term Loan B                                                                | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  126000000 | PA      | $124940970.00  | 1.85%             | 2029-10-27      | Floating      | 10.95%                | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                      | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                      | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    4811000 | PA      | $4855525.81    | 0.07%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc., Term Loan J                                                        | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    1306000 | PA      | $1307430.07    | 0.02%             | 2031-02-28      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Ultimate Software Group, Inc.                                                       | Ultimate Software Group, Inc., First Lien Term Loan                                 | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |  117229798 | PA      | $117586763.10  | 1.74%             | 2031-02-10      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                                                                   | Chariot Buyer LLC, First Lien Term Loan                                             | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |    6410000 | PA      | $6393622.44    | 0.09%             | 2028-11-03      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                               | Clydesdale Acquisition Holdings, Inc.                                               | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     738000 | PA      | $746360.18     | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| McAfee, LLC                                                                         | McAfee, LLC, Term Loan B                                                            | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |  100659230 | PA      | $97161321.88   | 1.44%             | 2029-03-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Hyperion Insurance Group Ltd.                                                       | Hyperion Insurance Group Ltd., Term Loan B                                          | CUSIP: G4712JAZ5<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |   54715151 | PA      | $54689434.55   | 0.81%             | 2031-02-15      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Opella                                                                              | Opella, Term Loan                                                                   | CUSIP: F7000QAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   35611388 | PA      | $35700416.02   | 0.53%             | 2032-03-31      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc.                                                | Jane Street Group / JSG Finance Inc.                                                | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   15000000 | PA      | $15679320.00   | 0.23%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Nielsen Finance LLC                                                                 | Nielsen Finance LLC, First Lien Term Loan B                                         | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |   66771433 | PA      | $62692365.75   | 0.93%             | 2029-04-11      | Floating      | 9.33%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                                     | Madison IAQ LLC, Term Loan                                                          | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    2638325 | PA      | $2639973.53    | 0.04%             | 2028-06-21      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                                     | CoreLogic, Inc., First Lien Term Loan                                               | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   60660346 | PA      | $59924839.65   | 0.89%             | 2028-06-02      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.   | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.   | CUSIP: 019579AA9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    5000000 | PA      | $4790158.50    | 0.07%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ExamWorks Group, Inc. / Electron Bidco                                              | ExamWorks Group, Inc. / Electron Bidco, Term Loan                                   | CUSIP: 28542CAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     911802 | PA      | $914236.21     | 0.01%             | 2028-11-01      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc.                                                              | Genesee & Wyoming Inc., Term Loan                                                   | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |   34399407 | PA      | $34278665.55   | 0.51%             | 2031-04-10      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Hyperion Insurance Group Ltd.                                                       | Hyperion Insurance Group Ltd., Term Loan                                            | CUSIP: G4712JAY8<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |    8000000 | PA      | $8041280.00    | 0.12%             | 2030-04-18      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC (Golden Nugget)                                          | Fertitta Entertainment LLC (Golden Nugget), Term Loan                               | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |   64140774 | PA      | $63853423.71   | 0.95%             | 2029-01-27      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Nexus Buyer LLC                                                                     | Nexus Buyer LLC, Term Loan B                                                        | CUSIP: 65343UAH5<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |   45054731 | PA      | $45147768.84   | 0.67%             | 2031-07-31      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                             | Quikrete Holdings, Inc.                                                             | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     810000 | PA      | $823674.42     | 0.01%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Verscend Holding Corp.                                                              | Verscend Holding Corp., Term Loan B                                                 | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   77255516 | PA      | $77014478.90   | 1.14%             | 2031-05-01      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Froneri International PLC                                                           | Froneri International PLC, Term Loan B                                              | CUSIP: G3679YAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   53047125 | PA      | $52980816.09   | 0.79%             | 2031-09-17      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                               | AssuredPartners, Inc., Term Loan B-5                                                | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |  104197011 | PA      | $104484594.98  | 1.55%             | 2031-02-14      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                   | CSC Holdings, LLC, Term Loan                                                        | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   51597714 | PA      | $50694753.96   | 0.75%             | 2027-04-15      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Bass Pro Group, LLC                                                                 | Bass Pro Group, LLC, Term Loan B                                                    | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   79652639 | PA      | $79164766.45   | 1.17%             | 2032-01-31      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                                            | Project Alpha Intermediate Holding, Inc., Term Loan B                               | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   45547238 | PA      | $45736942.62   | 0.68%             | 2030-10-28      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Belron Group S.A.                                                                   | Belron Group S.A., Term Loan B                                                      | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   76246384 | PA      | $76656208.68   | 1.14%             | 2031-10-16      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                                            | AI Aqua Merger Sub, Inc., Term loan B                                               | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |    5545244 | PA      | $5519902.49    | 0.08%             | 2028-07-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc.                                                                     | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3095829.00    | 0.05%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                          | Cloud Software Group, Inc.                                                          | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    7750000 | PA      | $7938549.75    | 0.12%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                          | Cloud Software Group, Inc., Term Loan B                                             | CUSIP: 88632NBF6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   70479970 | PA      | $70392222.08   | 1.04%             | 2029-03-30      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower, LLC                                                           | Boost Newco Borrower, LLC                                                           | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   22618000 | PA      | $23945314.71   | 0.36%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                                                   | IRB Holding Corp., Term Loan B                                                      | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |   82150690 | PA      | $82166709.38   | 1.22%             | 2027-12-15      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co. Inc.                                                               | Boxer Parent Co. Inc., Term Loan B                                                  | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   11456899 | PA      | $11390620.36   | 0.17%             | 2031-07-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | CUSIP: 161175BA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     475000 | PA      | $457452.46     | 0.01%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                                            | Amentum Government Services Holdings LLC, Term Loan B                               | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    9997500 | PA      | $9966307.80    | 0.15%             | 2031-09-29      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Virgin Media Secured Finance PLC                                                    | Virgin Media Secured Finance PLC                                                    | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    1500000 | PA      | $1460204.60    | 0.02%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mozart Debt Merger Sub Inc. (Medline Industries)                                    | Mozart Debt Merger Sub Inc. (Medline Industries), Incremental Term Loan B           | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   73940743 | PA      | $73952203.46   | 1.10%             | 2028-10-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corp.                                                               | Epicor Software Corp., Term Loan B                                                  | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   58219070 | PA      | $58425165.82   | 0.87%             | 2031-05-30      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Wand Newco 3, Inc.                                                                  | Wand Newco 3, Inc., Term Loan B                                                     | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |   40716958 | PA      | $40397737.25   | 0.60%             | 2031-01-30      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Virgin Media Secured Finance PLC                                                    | Virgin Media Secured Finance PLC                                                    | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   13100000 | PA      | $12106371.55   | 0.18%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                                            | Amentum Government Services Holdings LLC, Term Loan B                               | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |   60966706 | PA      | $60776490.36   | 0.90%             | 2031-09-29      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc.                                                                     | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $2035094.00    | 0.03%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Virgin Media 02 - LG                                                                | Virgin Media 02 - LG, Term Loan N                                                   | CUSIP: G9368PBC7<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |   40201884 | PA      | $39636444.06   | 0.59%             | 2028-01-31      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Ensemble Health Partners                                                            | Ensemble Health Partners, Term Loan                                                 | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |   57316252 | PA      | $57486481.56   | 0.85%             | 2029-08-03      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc.                                                | Jane Street Group / JSG Finance Inc.                                                | CUSIP: 47077WAA6<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     500000 | PA      | $481995.60     | 0.01%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                         | Caesars Entertainment, Inc., Term Loan                                              | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   41165777 | PA      | $41101352.64   | 0.61%             | 2031-02-06      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                                     | CoreLogic, Inc.                                                                     | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    9100000 | PA      | $8527575.42    | 0.13%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                                               | Rocket Software, Inc., Term Loan B                                                  | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   46244612 | PA      | $46366466.64   | 0.69%             | 2028-11-28      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| VZ Secured Financing B.V.                                                           | VZ Secured Financing B.V.                                                           | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    6190000 | PA      | $5354857.58    | 0.08%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                               | Clydesdale Acquisition Holdings, Inc.                                               | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    5000000 | PA      | $5076500.00    | 0.08%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VMED 02 UK Financing I PLC                                                          | VMED 02 UK Financing I PLC                                                          | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    1000000 | PA      | $919114.20     | 0.01%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC (USAGM Holdco, LLC / UNSEAM)                            | Allied Universal Holdco LLC (USAGM Holdco, LLC / UNSEAM), Term Loan                 | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   54868905 | PA      | $55010466.94   | 0.82%             | 2028-05-12      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Arxis                                                                               | Arxis, Delayed Draw Term Loan                                                       | CUSIP: 48354VAN2<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |    3366152 | PA      | $3348799.53    | 0.05%             | 2032-01-29      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Kaseya, Inc.                                                                        | Kaseya, Inc., Term Loan                                                             | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   37000000 | PA      | $37039775.00   | 0.55%             | 2032-03-08      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1000000 | PA      | $999876.96     | 0.01%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                          | Cloud Software Group, Inc., Term Loan                                               | CUSIP: 88632NBE9<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   57050574 | PA      | $56979261.25   | 0.85%             | 2031-03-21      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                                                     | Whatabrands LLC, Term Loan B                                                        | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |   52411658 | PA      | $52345095.02   | 0.78%             | 2028-08-03      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC / Radiate Finance Inc.                                           | Radiate Holdco LLC / Radiate Finance Inc.                                           | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     685000 | PA      | $588075.93     | 0.01%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                                              | HUB International Ltd.                                                              | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   18900000 | PA      | $19694688.30   | 0.29%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners, LLC                                                   | Southern Veterinary Partners, LLC, Term Loan B                                      | CUSIP: 84410HAN0<br>LEI: 549300DT78GYJYRK0R74 | Long             | LON              | CORP              | US        |   48412659 | PA      | $48510210.91   | 0.72%             | 2031-12-11      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Citadel Securities L.P.                                                             | Citadel Securities L.P., Term Loan B                                                | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |   73813232 | PA      | $74154618.41   | 1.10%             | 2031-10-31      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding B.V.                                                         | Hunter Douglas Holding B.V., Term Loan B                                            | CUSIP: N8137FAE0<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |   39409975 | PA      | $38966612.71   | 0.58%             | 2032-01-14      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Opal Bidco SAS                                                                      | Opal Bidco SAS                                                                      | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    6225000 | PA      | $6223974.12    | 0.09%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, LLC                                                                   | AmWINS Group, LLC, Term Loan B                                                      | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   79410276 | PA      | $79414643.66   | 1.18%             | 2032-01-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                                                    | Proofpoint, Inc., Term Loan B                                                       | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   89482174 | PA      | $89563155.08   | 1.33%             | 2028-08-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor Inc. (BrightSpring Health Services)                               | Phoenix Guarantor Inc. (BrightSpring Health Services), Term Loan B                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   13808224 | PA      | $13838049.44   | 0.21%             | 2031-02-21      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Acrisure, LLC                                                                       | Acrisure, LLC, Term Loan B-6                                                        | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   45299924 | PA      | $45139562.43   | 0.67%             | 2030-11-06      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                               | 1011778 BC ULC / New Red Finance Inc.                                               | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    3000000 | PA      | $2762542.53    | 0.04%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding B.V.                                                         | Hunter Douglas Holding B.V., Term Loan B                                            | CUSIP: N8137FAE0<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |   19604477 | PA      | $19383926.70   | 0.29%             | 2032-01-14      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings, Inc.                                                         | Triton Water Holdings, Inc., Term Loan B                                            | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   60466471 | PA      | $60553543.03   | 0.90%             | 2028-03-31      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners, LLC                                                   | Southern Veterinary Partners, LLC, Term Loan B                                      | CUSIP: 84410HAN0<br>LEI: 549300DT78GYJYRK0R74 | Long             | LON              | CORP              | US        |    6200000 | PA      | $6212493.00    | 0.09%             | 2031-12-11      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc.                                                                     | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    4000000 | PA      | $4091020.00    | 0.06%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Wand NewCo 3, Inc.                                                                  | Wand NewCo 3, Inc.                                                                  | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    8231000 | PA      | $8568405.15    | 0.13%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                         | Asurion LLC, Second Lien Term Loan B-4                                              | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    8762562 | PA      | $8337446.30    | 0.12%             | 2029-01-20      | Floating      | 9.69%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, LLC                                                                   | AmWINS Group, LLC, Term Loan B                                                      | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    6555030 | PA      | $6555390.94    | 0.10%             | 2032-01-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners, LLC                                                       | Focus Financial Partners, LLC                                                       | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |   13132000 | PA      | $13293930.69   | 0.20%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Elanco Animal Health Inc.                                                           | Elanco Animal Health Inc., Term Loan                                                | CUSIP: 28414BAF3<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |   48213320 | PA      | $48212355.79   | 0.72%             | 2027-08-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Nuvei Tech Corp, Pivotal Refi LP, Nuvei Tech Inc.                                   | Nuvei Tech Corp, Pivotal Refi LP, Nuvei Tech Inc., Term Loan B                      | CUSIP: 69425BAB3<br>LEI: 254900L3D6CI0XH2P605 | Long             | LON              | CORP              | US        |   50471345 | PA      | $50460998.14   | 0.75%             | 2031-11-15      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Brookfield WEC Holdings Inc.                                                        | Brookfield WEC Holdings Inc., First Lien Term Loan                                  | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   66231234 | PA      | $66184209.83   | 0.98%             | 2031-01-27      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                                  | Alliant Holdings Intermediate, LLC, Term Loan B                                     | CUSIP: 01881UAM7<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |    8874870 | PA      | $8846914.48    | 0.13%             | 2031-09-19      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                                                                   | Chariot Buyer LLC, First Lien Term Loan                                             | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |   45556003 | PA      | $45439607.58   | 0.67%             | 2028-11-03      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Flex Acquisition Co., Inc.                                                          | Flex Acquisition Co., Inc., Term Loan                                               | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   29690722 | PA      | $29498177.73   | 0.44%             | 2032-04-30      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                               | 1011778 BC ULC / New Red Finance Inc.                                               | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    1000000 | PA      | $944124.90     | 0.01%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp.                                                                 | Bausch + Lomb Corp.                                                                 | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    2000000 | PA      | $2070220.00    | 0.03%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.                                           | Sedgwick Claims Management Services, Inc., Term Loan                                | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   92765714 | PA      | $93016645.58   | 1.38%             | 2031-07-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                                           | Zayo Group Holdings, Inc.                                                           | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    4000000 | PA      | $3766332.40    | 0.06%             | 2027-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings I, LLC                                              | Genesys Cloud Services Holdings I, LLC, Term Loan B                                 | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |   47908051 | PA      | $47831158.65   | 0.71%             | 2032-01-26      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Holdings, Inc.                                                    | SS&C Technologies Holdings, Inc., Term Loan B-8                                     | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |   57219066 | PA      | $57492001.02   | 0.85%             | 2031-05-09      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Flex Acquisition Co., Inc.                                                          | Flex Acquisition Co., Inc., Delayed Draw Term Loan                                  | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |     519069 | PA      | $515702.40     | 0.01%             | 2032-04-30      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP/Medline Co-Issuer Inc.                                          | Medline Borrower LP/Medline Co-Issuer Inc.                                          | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    9000000 | PA      | $9169324.56    | 0.14%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hilton Worldwide Finance LLC                                                        | Hilton Worldwide Finance LLC, Term Loan B-4                                         | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |   59274379 | PA      | $59556524.99   | 0.88%             | 2030-11-08      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| New Red Finance, Inc.                                                               | New Red Finance, Inc., Term Loan B-6                                                | CUSIP: C6901LAM9<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   58092961 | PA      | $57954990.11   | 0.86%             | 2030-09-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Ziggo Vodafone - LG (Lib Global / BV)                                               | Ziggo Vodafone - LG (Lib Global / BV), Term Loan I                                  | CUSIP: N9833RAJ8<br>LEI: 213800TQASLF9JXH5J59 | Long             | LON              | CORP              | US        |   36862833 | PA      | $35949003.16   | 0.53%             | 2028-04-30      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                         | Asurion LLC, Second Lien Term Loan B-4                                              | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   40718612 | PA      | $38743148.63   | 0.57%             | 2029-01-20      | Floating      | 9.69%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance B.V.                                                                | Nouryon Finance B.V., Term Loan B                                                   | CUSIP: N8232NAL1<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |   51317919 | PA      | $51553211.24   | 0.76%             | 2028-04-03      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners, Inc.                                                          | Broadstreet Partners, Inc., Term Loan                                               | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |   69002228 | PA      | $69153342.47   | 1.03%             | 2031-06-13      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Aretec Group, Inc.                                                                  | Aretec Group, Inc.                                                                  | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    7000000 | PA      | $7636426.00    | 0.11%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Peraton Corp.                                                                       | Peraton Corp., First Lien Term Loan B                                               | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |  113901671 | PA      | $98972009.39   | 1.47%             | 2028-02-01      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                         | Caesars Entertainment, Inc.                                                         | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     859000 | PA      | $866447.53     | 0.01%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Syneos Health, Inc.                                                                 | Syneos Health, Inc., Term Loan                                                      | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |   48842520 | PA      | $48097671.60   | 0.71%             | 2030-09-27      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| athenahealth Group Inc.                                                             | athenahealth Group Inc., Term Loan                                                  | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   24344885 | PA      | $24284022.70   | 0.36%             | 2029-02-15      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL)                      | Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL), Term Loan B         | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   87495922 | PA      | $87386552.11   | 1.30%             | 2032-01-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer, LLC                                                                | White Cap Buyer, LLC, Term Loan B                                                   | CUSIP: 96350TAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   73012219 | PA      | $72424835.43   | 1.07%             | 2029-10-19      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Gen Digital Inc. (aka NortonLifeLock Inc.)                                          | Gen Digital Inc. (aka NortonLifeLock Inc.), Term Loan A                             | CUSIP: 66877AAC2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |   65923538 | PA      | $65971662.50   | 0.98%             | 2027-09-10      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corp., The                                                         | Dun & Bradstreet Corp., The, Term Loan B                                            | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   51641771 | PA      | $51674046.63   | 0.77%             | 2029-01-18      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco, LLC                                                                 | Radiate Holdco, LLC, Term Loan B                                                    | CUSIP: 75025KAH1<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |   53376131 | PA      | $47114576.89   | 0.70%             | 2026-09-25      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| CommScope, Inc.                                                                     | CommScope, Inc., Term Loan B                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     531696 | PA      | $537972.54     | 0.01%             | 2029-12-18      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| BCPE Empire Holdings, Inc. (ImperialDade)                                           | BCPE Empire Holdings, Inc. (ImperialDade), Term Loan                                | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |   49850852 | PA      | $49473979.46   | 0.73%             | 2030-12-11      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Bass Pro Group, LLC                                                                 | Bass Pro Group, LLC, Term Loan B                                                    | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   15495099 | PA      | $15400191.08   | 0.23%             | 2032-01-31      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Invesco Exchange-Traded Fund Trust II

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President