# EDGAR Filing Document

**Accession Number:** 0001860151
**File Stem:** 0001752724-23-018163
**Filing Date:** 2023-1
**Character Count:** 186076
**Document Hash:** 4536b06092c57288ca4edef3faa996d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-018163.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001752724-23-018163

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Dynamic Credit Opportunity Fund
- **CENTRAL INDEX KEY:** 0001860151
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23665
- **FILM NUMBER:** 23568495

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 800-959-4246

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

## Nport-Ex

**Consolidated Schedule of Investments** 

*November 30, 2022* 

*(Unaudited)* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Value** |
|  **Variable Rate Senior Loan Interests–101.97%<sup>(b)(c)(d)</sup>**  |  |  |  |  |  |
|  **Aerospace & Defense–6.47%** |  |  |  |  |  |
|  Brown Group Holding LLC, Incremental Term Loan B-2 (3 mo. SOFR + 3.75%) | &nbsp;&nbsp;&nbsp;&nbsp;7.84% | 07/01/2029 |  | $1195 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189320 |
|  FDH Group Acquisition, Inc., Term Loan A (3 mo. SOFR + 7.00%)<sup>(e)(f)</sup>  | 10.75% | 04/01/2024 |  | 22660 | 22251991 |
|  IAP Worldwide Services, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 6.50%) (Acquired 07/22/2014-08/18/2014; Cost $1,551,308)<sup>(f)(g)</sup>  | 10.17% | 07/18/2023 |  | 1562 | 1562268 |
|  NAC Aviation 8 Ltd. (Ireland) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 12/31/2026 |  | 1643 | 1642458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. USD LIBOR + 4.11%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.86% | 12/31/2026 |  | 1713 | 1096535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. USD LIBOR + 4.11%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.86% | 12/31/2026 |  | 1750 | 1120183 |
|  |  |  |  |  | 28862755 |
|  **Air Transport–4.95%** |  |  |  |  |  |
|  PrimeFlight Aviation Services, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (3 mo. SOFR + 6.25%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.90% | 05/09/2024 |  | 3170 | 3169957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Incremental Delayed Draw Term Loan (3 mo. SOFR + 6.25%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.90% | 05/09/2024 |  | 9394 | 9394632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (3 mo. SOFR + 6.25%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.92% | 05/09/2024 |  | 9512 | 9511705 |
|  |  |  |  |  | 22076294 |
|  **Automotive–7.06%** |  |  |  |  |  |
|  BCA Marketplace (United Kingdom) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Lien Term Loan B (6 mo. SONIA + 7.50%) | &nbsp;&nbsp;&nbsp;&nbsp;9.19% | 07/27/2029 | GBP | 4668 | 2409955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (6 mo. SONIA + 4.75%) | &nbsp;&nbsp;&nbsp;&nbsp;5.94% | 07/28/2028 | GBP | 1054 | 882797 |
|  Muth Mirror Systems LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (1 mo. USD LIBOR + 6.75%)<sup>(e)(f)</sup>  | 10.39% | 04/23/2025 |  | 252 | 237491 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 04/23/2025 |  | 1426 | 1345785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (3 mo. USD LIBOR + 6.75%)<sup>(e)(f)</sup>  | 10.07% | 04/23/2025 |  | 19014 | 17949407 |
|  Transtar Industries, Inc., Term Loan A (3 mo. USD LIBOR + 7.00%)<sup>(e)(f)</sup>  | 11.73% | 01/22/2027 |  | 8633 | 8675841 |
|  |  |  |  |  | 31501276 |
|  **Beverage & Tobacco–1.19%** |  |  |  |  |  |
|  AI Aqua Merger Sub, Inc., Incremental Term Loan <sup>(i)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | 07/30/2028 |  | 4392 | 4179995 |
|  City Brewing Co. LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | &nbsp;&nbsp;&nbsp;&nbsp;7.38% | 03/31/2028 |  | 1823 | 1148258 |
|  |  |  |  |  | 5328253 |
|  **Building & Development–1.13%** |  |  |  |  |  |
|  CRH Europe Distribution (Netherlands), Term Loan A (3 mo. EURIBOR + 4.25%) | &nbsp;&nbsp;&nbsp;&nbsp;5.86% | 11/29/2025 | EUR | 773 | 753099 |
|  Empire Today LLC, Term Loan B (1 mo. USD LIBOR + 5.00%) | &nbsp;&nbsp;&nbsp;&nbsp;8.88% | 04/01/2028 |  | 537 | 407649 |
|  LBM Holdings LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 7.12% | 12/17/2027 |  | 4 | 3881 |
|  LHS Borrow LLC (Leaf Home Solutions), Term Loan B (1 mo. SOFR + 4.75%) | &nbsp;&nbsp;&nbsp;&nbsp;8.94% | 02/16/2029 |  | 2109 | 1713499 |
|  Mayfair Mall LLC, Term Loan (1 mo. USD LIBOR + 3.25%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.09% | 04/20/2023 |  | 1011 | 919808 |
|  Modulaire (BCP-V Modular/Algeco) (United Kingdom), Term Loan B (3 mo. EURIBOR + 4.50%) | &nbsp;&nbsp;&nbsp;&nbsp;5.69% | 12/15/2028 | EUR | 1294 | 1254842 |
|  |  |  |  |  | 5052778 |
|  **Business Equipment & Services–15.31%** |  |  |  |  |  |
|  Allied Universal Holdco LLC, Term Loan B (3 mo. EURIBOR + 3.75%) | &nbsp;&nbsp;&nbsp;&nbsp;5.24% | 05/12/2028 | EUR | 95 | 93131 |
|  Blackhawk Network Holdings, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.00%) | 10.94% | 06/15/2026 |  | 384 | 353461 |
|  Checkout Holding Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. USD LIBOR + 7.50%)<br> (Acquired 02/15/2019; Cost $274,237)<sup>(g)</sup>  | 11.57% | 02/15/2023 |  | 274 | 222246 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (3 mo. USD LIBOR + 1.00%)<br> (Acquired 03/28/2022-11/30/2022; Cost $26,585)<sup>(g)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;3.37% | 08/15/2023 |  | 27 | 7122 |
|  Constant Contact, Second Lien Term Loan (3 mo. USD LIBOR + 7.50%) | 11.41% | 02/15/2029 |  | 1085 | 835171 |
|  CRCI Longhorn Holdings, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.25%) | 11.32% | 08/08/2026 |  | 86 | 80630 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Value** |
|  **Business Equipment & Services–(continued)** |  |  |  |  |  |
|  CV Intermediate Holdco Corp. (Class Valuation) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (1 mo. SOFR + 6.25%)<sup>(e)(f)</sup>  | 10.15% | 03/31/2026 |  | $8146 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7918072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (1 mo. SOFR + 6.25%)<sup>(e)(f)</sup>  | 10.44% | 03/31/2026 |  | 442 | 429233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 03/31/2026 |  | 820 | 797147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (1 mo. USD LIBOR + 6.25%)<sup>(e)(f)</sup>  | 10.44% | 03/31/2026 |  | 8389 | 8153891 |
|  Dun & Bradstreet Corp. (The), Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 09/11/2025 |  | 3814 | 3737841 |
|  INDIGOCYAN Midco Ltd. (Jersey), Term Loan B (3 mo. SONIA + 4.75%) | &nbsp;&nbsp;&nbsp;&nbsp;7.80% | 06/23/2024 | GBP | 6169 | 6878088 |
|  Lamark Media Group LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(e)(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 10/14/2027 |  | 1528 | 1500432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (3 mo. USD LIBOR + 5.75%)<sup>(e)(f)</sup>  | 10.38% | 10/14/2027 |  | 458 | 450129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 10/14/2027 |  | 560 | 550159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (3 mo. USD LIBOR + 5.75%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.63% | 10/14/2027 |  | 7077 | 6949503 |
|  Monitronics International, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. USD LIBOR + 7.50%)<br> (Acquired 08/30/2019-01/28/2021; Cost $7,559,470)<sup>(g)</sup>  | 11.91% | 03/29/2024 |  | 7880 | 5243612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. USD LIBOR + 6.00%)<br> (Acquired 06/27/2019-04/27/2022; Cost $6,020,705)<sup>(f)(g)</sup>  | 10.41% | 07/03/2024 |  | 6013 | 5712463 |
|  NAS LLC (d.b.a. Nationwide Marketing Group) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Incremental Term Loan (1 mo. SOFR + 6.50%)<sup>(f)</sup>  | 10.20% | 06/03/2024 |  | 2794 | 2762855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 06/03/2024 |  | 736 | 727521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. SOFR + 6.50%)<sup>(f)</sup>  | 10.20% | 06/03/2024 |  | 8920 | 8821923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. SOFR + 6.50%)<sup>(f)</sup>  | 10.20% | 06/03/2024 |  | 1695 | 1675922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (1 mo. SOFR + 6.50%)<sup>(f)</sup>  | 10.33% | 06/03/2024 |  | 184 | 181880 |
|  Protect America |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (3 mo. USD LIBOR)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 09/01/2024 |  | 1838 | 1736532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 09/01/2024 |  | 101 | 95726 |
|  Solera (Polaris Newco LLC), Term Loan B (1 mo. SONIA + 5.25%) | &nbsp;&nbsp;&nbsp;&nbsp;8.18% | 06/05/2028 | GBP | 1383 | 1501450 |
|  UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 5.75%)<sup>(f)</sup>  | 10.07% | 03/20/2027 |  | 942 | 899546 |
|  Verra Mobility Corp., Term Loan B (1 mo. USD LIBOR + 3.25%) | &nbsp;&nbsp;&nbsp;&nbsp;6.13% | 03/19/2028 |  | 2 | 2528 |
|  |  |  |  |  | 68318214 |
|  **Cable & Satellite Television–4.46%** |  |  |  |  |  |
|  CSC Holdings LLC, Incremental Term Loan<sup>(i)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | 01/15/2026 |  | 1 | 335 |
|  Lightning Finco Ltd. (LiveU) (United Kingdom) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-1 (3 mo. USD LIBOR + 5.75%)<sup>(f)</sup>  | 10.53% | 09/01/2028 |  | 18375 | 17768766 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-2 (6 mo. USD LIBOR + 5.75%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.82% | 09/01/2028 |  | 2227 | 2140426 |
|  |  |  |  |  | 19909527 |
|  **Chemicals & Plastics–1.67%** |  |  |  |  |  |
|  Colouroz Investment LLC (Germany) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; PIK First Lien Term Loan B-2, 0.75% PIK Rate, 8.57% Cash Rate<sup>(j)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.75% | 09/21/2023 |  | 3 | 2400 |
| &nbsp;&nbsp;&nbsp;&nbsp; PIK First Lien Term Loan C, 0.75% PIK Rate, 8.57% Cash Rate<sup>(j)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.75% | 09/21/2023 |  | 180 | 133875 |
| &nbsp;&nbsp;&nbsp;&nbsp; PIK Second Lien Term Loan B-2, 5.75% PIK Rate, 8.57% Cash Rate<sup>(j)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;5.75% | 09/21/2024 |  | 32 | 22742 |
|  Vertellus |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 12/22/2025 |  | 696 | 668318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (3 mo. SOFR + 5.75%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.89% | 12/22/2027 |  | 6913 | 6636650 |
|  |  |  |  |  | 7463985 |
|  **Clothing & Textiles–0.05%** |  |  |  |  |  |
|  Gloves Buyer, Inc., Term Loan (1 mo. USD LIBOR + 4.00%) | &nbsp;&nbsp;&nbsp;&nbsp;8.07% | 12/29/2027 |  | 87 | 79487 |
|  International Textile Group, Inc., First Lien Term Loan (3 mo. USD LIBOR + 5.00%) | &nbsp;&nbsp;&nbsp;&nbsp;8.74% | 05/01/2024 |  | 187 | 131614 |
|  |  |  |  |  | 211101 |
|  **Conglomerates–0.12%** |  |  |  |  |  |
|  Safe Fleet Holdings LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Incremental First Lien Term Loan (1 mo. SOFR + 5.00%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.12% | 02/23/2029 |  | 246 | 239881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Lien Term Loan (3 mo. USD LIBOR + 6.75%) | 10.77% | 02/02/2026 |  | 297 | 272398 |
|  |  |  |  |  | 512279 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Value** |
|  **Containers & Glass Products–6.01%** |  |  |  |  |  |
|  Hoffmaster Group, Inc., First Lien Term Loan B-1 (1 mo. USD LIBOR + 4.00%) (Acquired 06/11/2018-03/10/2021; Cost $2,702,242)<sup>(g)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.67% | 11/21/2023 |  | $2735 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2496322 |
|  Keg Logistics LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (1 mo. USD LIBOR + 6.00%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.96% | 11/23/2027 |  | 683 | 664681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 11/23/2027 |  | 1179 | 1147017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan A (1 mo. USD LIBOR + 6.00%)<sup>(e)(f)</sup>  | 10.70% | 11/23/2027 |  | 21301 | 20725608 |
|  Keter Group B.V. (Netherlands), Term Loan B-1 (3 mo. EURIBOR + 4.25%) | &nbsp;&nbsp;&nbsp;&nbsp;5.86% | 10/31/2023 | EUR | 1763 | 1380046 |
|  Mold-Rite Plastics LLC (Valcour Packaging LLC), Second Lien Term Loan (1 mo. USD LIBOR + 7.00%)<sup>(f)</sup>  | 11.23% | 10/04/2029 |  | 123 | 101757 |
|  Pretium Packaging, Second Lien Term Loan B (1 mo. USD LIBOR + 6.75%) | 10.49% | 10/01/2029 |  | 345 | 276220 |
|  |  |  |  |  | 26791651 |
|  **Cosmetics & Toiletries–0.09%** |  |  |  |  |  |
|  Anastasia Parent LLC, Term Loan (3 mo. USD LIBOR + 3.75%) | &nbsp;&nbsp;&nbsp;&nbsp;7.42% | 08/11/2025 |  | 550 | 411268 |
|  **Ecological Services & Equipment–5.49%** |  |  |  |  |  |
|  Groundworks LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Delayed Draw Term Loan (1 mo. USD LIBOR + 5.00%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.07% | 01/17/2026 |  | 5753 | 5637685 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Incremental Revover Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 01/17/2026 |  | 520 | 509294 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Incremental Term Loan (1 mo. USD LIBOR + 5.00%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.07% | 01/17/2026 |  | 13060 | 12798721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Lien Delayed Draw Term Loan (1 mo. USD LIBOR + 5.00%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.07% | 01/17/2026 |  | 4371 | 4283917 |
|  TruGreen L.P., Second Lien Term Loan (1 mo. USD LIBOR + 8.50%) | 13.43% | 11/02/2028 |  | 1509 | 1260198 |
|  |  |  |  |  | 24489815 |
|  **Electronics & Electrical–4.86%** |  |  |  |  |  |
|  Boxer Parent Co., Inc., Term Loan B (3 mo. EURIBOR + 4.00%) | &nbsp;&nbsp;&nbsp;&nbsp;5.49% | 10/02/2025 | EUR | 132 | 129174 |
|  Emerald Technologies AcquisitionCo, Inc., Term Loan B (1 mo. SOFR + 6.25%) | &nbsp;&nbsp;&nbsp;&nbsp;10.44% | 12/29/2027 |  | 309 | 293895 |
|  Imperva, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.75%) | &nbsp;&nbsp;&nbsp;&nbsp;12.42% | 01/11/2027 |  | 1502 | 1165659 |
|  Infinite Electronics, Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 10.67% | 03/02/2029 |  | 473 | 437969 |
|  Learning Pool (Brook Bidco Ltd.) (United Kingdom) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (3 mo. SONIA + 6.87%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.93% | 08/17/2028 | GBP | 479 | 571364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan 2 (3 mo. USD LIBOR + 6.00%)<sup>(f)</sup>  | 11.06% | 08/17/2028 |  | 633 | 619999 |
|  LogMeIn, Term Loan B (1 mo. USD LIBOR + 4.75%) | &nbsp;&nbsp;&nbsp;&nbsp;8.77% | 08/28/2027 |  | 2993 | 1939155 |
|  Mavenir Systems, Inc., Term Loan B (1 mo. USD LIBOR + 4.75%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.42% | 08/13/2028 |  | 2213 | 1814301 |
|  Natel Engineering Co., Inc., Term Loan (3 mo. USD LIBOR + 6.25%) | 10.41% | 04/29/2026 |  | 3573 | 3337829 |
|  Native Instruments (Germany), Term Loan (3 mo. EURIBOR + 6.00%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;6.78% | 03/03/2028 | EUR | 1267 | 1256115 |
|  Optiv, Inc., Term Loan (3 mo. USD LIBOR + 3.25%) | &nbsp;&nbsp;&nbsp;&nbsp;7.42% | 02/01/2024 |  | 2245 | 2177453 |
|  Quest Software US Holdings, Inc., Second Lien Term Loan (1 mo. SOFR + 7.50%) | 11.59% | 01/20/2030 |  | 219 | 135105 |
|  Riverbed Technology, Inc., PIK Term Loan, 2.00% PIK Rate, 12.54% Cash Rate<br>(Acquired 12/06/2021-11/07/2022; Cost $7,264,436)<sup>(g)(j)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;2.00% | 12/08/2026 |  | 5829 | 2465021 |
|  Sandvine Corp., Second Lien Term Loan (3 mo. USD LIBOR + 8.00%) | 11.67% | 11/02/2026 |  | 322 | 292734 |
|  Utimaco (Germany) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-1 (1 mo. SOFR + 5.00%)<sup>(f)</sup>  | 10.06% | 10/30/2028 |  | 1645 | 1597765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-2 (3 mo. EURIBOR + 6.00%)<sup>(f)</sup>  | 10.06% | 10/30/2028 | EUR | 2932 | 2983766 |
|  Veritas US, Inc., Term Loan B (1 mo. USD LIBOR + 5.00%) | &nbsp;&nbsp;&nbsp;&nbsp;8.67% | 09/01/2025 |  | 617 | 448426 |
|  |  |  |  |  | 21665730 |
|  **Food Products–7.22%** |  |  |  |  |  |
|  Biscuit Intl (Cookie Acq S.A.S., De Banketgroep Holding) (France), First Lien Term Loan (3 mo. EURIBOR + 4.00%) | &nbsp;&nbsp;&nbsp;&nbsp;5.86% | 02/15/2027 | EUR | 4013 | 2737084 |
|  BrightPet (AMCP Pet Holdings, Inc.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Incremental Term Loan B (3 mo. USD LIBOR + 6.25%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.92% | 10/05/2026 |  | 4249 | 4143067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (6 mo. USD LIBOR + 6.25%)<sup>(f)</sup>  | 10.84% | 10/05/2026 |  | 1259 | 1227791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 10/05/2026 |  | 207 | 201526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (6 mo. USD LIBOR + 6.25%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.92% | 10/05/2026 |  | 4133 | 4029837 |
|  Florida Food Products LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Term Loan (1 mo. USD LIBOR + 5.00%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.07% | 10/18/2028 |  | 2261 | 2080412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Lien Term Loan (1 mo. USD LIBOR + 8.00%)<sup>(f)</sup>  | 12.07% | 10/08/2029 |  | 1028 | 945494 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Value** |
|  **Food Products–(continued)** |  |  |  |  |  |
|  H-Food Holdings LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Incremental Term Loan B-3 (1 mo. USD LIBOR + 5.00%) | &nbsp;&nbsp;&nbsp;&nbsp;9.07% | 05/23/2025 |  | $157 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (3 mo. USD LIBOR + 3.69%) | &nbsp;&nbsp;&nbsp;&nbsp;7.76% | 05/23/2025 |  | 19 | 16571 |
|  Shearer's Foods LLC, Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 11.83% | 09/22/2028 |  | 214 | 200352 |
|  Sigma Bidco B.V. (Netherlands), Term Loan B-2 (3 mo. USD LIBOR + 3.00%) | &nbsp;&nbsp;&nbsp;&nbsp;5.90% | 07/02/2025 |  | 156 | 142565 |
|  Teasdale Foods, Inc., Term Loan B (3 mo. USD LIBOR + 6.00%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.88% | 12/18/2025 |  | 15917 | 13609123 |
|  Valeo Foods (Jersey) Ltd. (United Kingdom), Term Loan B (6 mo. SONIA + 5.00%) | &nbsp;&nbsp;&nbsp;&nbsp;7.19% | 06/28/2028 | GBP | 2805 | 2742341 |
|  |  |  |  |  | 32213789 |
|  **Food Service–0.38%** |  |  |  |  |  |
|  Financiere Pax S.A.S., Term Loan B (3 mo. EURIBOR + 4.75%) | &nbsp;&nbsp;&nbsp;&nbsp;4.75% | 07/01/2026 | EUR | 2012 | 1707950 |
|  **Health Care–9.90%** |  |  |  |  |  |
|  Acacium (Impala Bidco Ltd./ICS US, Inc.) (United Kingdom), Term Loan (1 mo. SOFR + 4.60%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.40% | 06/08/2028 |  | 955 | 883571 |
|  Ethypharm (France), Term Loan B (3 mo. SONIA + 4.50%) | &nbsp;&nbsp;&nbsp;&nbsp;6.69% | 04/17/2028 | GBP | 2270 | 2250541 |
|  MB2 Dental Solutions LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (3 mo. SOFR + 6.00%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.67% | 01/29/2027 |  | 3148 | 3097881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (3 mo. SOFR + 6.00%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.70% | 01/29/2027 |  | 8698 | 8558819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (3 mo. SOFR + 6.00%)<sup>(e)(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.70% | 01/29/2027 |  | 8695 | 8556003 |
|  MedAssets Software Intermediate Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 10.82% | 12/17/2029 |  | 638 | 544593 |
|  Nidda Healthcare Holding AG (Germany), Term Loan F (3 mo. SONIA + 4.50%) | &nbsp;&nbsp;&nbsp;&nbsp;7.45% | 08/21/2026 | GBP | 2088 | 2260834 |
|  SDB Holdco LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (1 mo. SOFR + 7.00%)<sup>(e)(f)</sup>  | 10.80% | 03/17/2027 |  | 9753 | 9752575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. SOFR + 7.00%)<sup>(e)(f)</sup>  | 10.84% | 03/17/2027 |  | 7850 | 7849631 |
|  Women's Care Holdings, Inc. LLC, Second Lien Term Loan (1 mo. USD LIBOR + 8.25%)<sup>(f)</sup>  | 11.62% | 01/15/2029 |  | 431 | 405363 |
|  |  |  |  |  | 44159811 |
|  **Home Furnishings–1.38%** |  |  |  |  |  |
|  Hilding Anders AB (Sweden) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; PIK Term Loan; 12.00% PIK Rate<br> (Acquired 01/01/2020-11/23/2021; Cost $7,947)<sup>(f)(g)(j)</sup>  | 12.00% | 12/31/2024 | EUR | 34 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. EURIBOR)<br> (Acquired 01/01/2020; Cost $61,527)<sup>(f)(g)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 12/31/2024 | EUR | 5480 | 570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (6 mo. EURIBOR + 5.00%)<br> (Acquired 10/04/2022-10/31/2022; Cost $3,461,819)<sup>(f)(g)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.12% | 02/28/2026 | EUR | 4882 | 3327655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (6 mo. EURIBOR)<br> (Acquired 10/04/2022-10/31/2022; Cost $39,091)<sup>(f)(g)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;1.70% | 02/26/2027 | EUR | 4437 | 0 |
|  Serta Simmons Bedding LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Term Loan (1 mo. USD LIBOR + 7.50%)<br> (Acquired 06/22/2020-01/12/2021; Cost $1,275,944)<sup>(g)</sup>  | 10.79% | 08/10/2023 |  | 1272 | 1238677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Lien Term Loan (1 mo. USD LIBOR + 7.50%)<br> (Acquired 06/22/2020; Cost $3,116,300)<sup>(g)</sup>  | 10.79% | 08/10/2023 |  | 3176 | 1513105 |
|  Weber-Stephen Products LLC, Incremental Term Loan B (1 mo. SOFR + 4.25%) | &nbsp;&nbsp;&nbsp;&nbsp;8.44% | 10/30/2027 |  | 73 | 62356 |
|  |  |  |  |  | 6142367 |
|  **Industrial Equipment–3.23%** |  |  |  |  |  |
|  Apex Tool Group LLC, Term Loan B (1 mo. SOFR + 5.25%) | &nbsp;&nbsp;&nbsp;&nbsp;9.15% | 02/08/2029 |  | 1061 | 924953 |
|  Deliver Buyer, Inc. (MHS Holdings), Term Loan B (1 mo. SOFR + 5.50%) | &nbsp;&nbsp;&nbsp;&nbsp;9.05% | 06/08/2029 |  | 1678 | 1390801 |
|  DXP Enterprises, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | &nbsp;&nbsp;&nbsp;&nbsp;9.95% | 12/16/2027 |  | 611 | 585590 |
|  Engineered Machinery Holdings, Inc., Second Lien Incremental Term Loan (3 mo. USD LIBOR + 6.00%) | &nbsp;&nbsp;&nbsp;&nbsp;9.67% | 05/21/2029 |  | 207 | 193175 |
|  Kantar (Summer BC Bidco) (United Kingdom) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (1 mo. USD LIBOR + 3.50%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;5.81% | 06/04/2026 |  | 1008 | 921899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 06/04/2026 |  | 1493 | 1365601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (1 mo. USD LIBOR + 5.00%) | &nbsp;&nbsp;&nbsp;&nbsp;8.14% | 12/04/2026 |  | 1561 | 1453017 |
|  MKS Instruments, Inc., Term Loan B (3 mo. SOFR + 2.75%) | &nbsp;&nbsp;&nbsp;&nbsp;6.76% | 04/11/2029 |  | 59 | 57253 |
|  New VAC US LLC, Term Loan B (3 mo. USD LIBOR + 4.00%) | &nbsp;&nbsp;&nbsp;&nbsp;7.67% | 03/08/2025 |  | 1255 | 1140228 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Value** |
|  **Industrial Equipment–(continued)** |  |  |  |  |  |
|  Robertshaw US Holding Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. USD LIBOR + 3.50%) | &nbsp;&nbsp;&nbsp;&nbsp;7.63% | 02/28/2025 |  | $452 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Lien Term Loan (3 mo. USD LIBOR + 8.00%) | 12.13% | 02/28/2026 |  | 613 | 378032 |
|  Tank Holding Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 03/31/2028 |  | 353 | 339462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. SOFR + 5.75%) | &nbsp;&nbsp;&nbsp;&nbsp;9.94% | 03/31/2028 |  | 5284 | 5065675 |
|  Victory Buyer LLC (Vantage Elevator), Second Lien Term Loan B (3 mo. USD LIBOR + 7.00%)<sup>(f)</sup>  | 10.57% | 11/19/2029 |  | 258 | 240360 |
|  |  |  |  |  | 14392281 |
|  **Leisure Goods, Activities & Movies–7.67%** |  |  |  |  |  |
|  AMC Entertainment, Inc., Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | &nbsp;&nbsp;&nbsp;&nbsp;6.86% | 04/22/2026 |  | 2785 | 1564749 |
|  Crown Finance US, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<br> (Acquired 09/19/2022; Cost $320,991)<sup>(g)(i)(k)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | 09/07/2023 |  | 328 | 316985 |
| &nbsp;&nbsp;&nbsp;&nbsp; DIP Term Loan<br> (Acquired 09/19/2022; Cost $3,825,369)<sup>(g)(i)(k)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | 09/09/2023 |  | 4225 | 4089112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Incremental Term Loan B-1<br> (Acquired 07/29/2021-04/28/2022; Cost $575,453)<sup>(g)(k)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 02/28/2025 |  | 567 | 611911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan<br> (Acquired 09/13/2021-01/05/2022; Cost $2,373,797)<sup>(g)(k)(l)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 02/28/2025 |  | 2849 | 636012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan<sup>(k)(l)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 02/28/2025 | EUR | 455 | 104293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan<br> (Acquired 10/18/2019-09/13/2021; Cost $2,591,427)<sup>(g)(k)(l)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 09/30/2026 |  | 2719 | 599594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-1<br> (Acquired 10/20/2021-12/15/2021; Cost $2,357,256)<sup>(g)(k)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 05/23/2024 |  | 1949 | 2323620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-2<br> (Acquired 10/18/2021-03/29/2022; Cost $1,145,503)<sup>(g)(k)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 05/23/2024 |  | 1165 | 1164997 |
|  Fitness International LLC, Term Loan B (3 mo. USD LIBOR + 3.25%) | &nbsp;&nbsp;&nbsp;&nbsp;7.49% | 04/18/2025 |  | 1106 | 1022579 |
|  Parques Reunidos (Piolin Bidco s.a.u) (Spain) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (1 mo. EURIBOR + 3.50%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.34% | 03/16/2026 | EUR | 559 | 514836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 03/16/2026 | EUR | 1900 | 1749559 |
|  Royal Caribbean Cruises |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan (3 mo. USD LIBOR + 1.30%) | &nbsp;&nbsp;&nbsp;&nbsp;5.15% | 04/05/2024 |  | 2313 | 2166334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 04/12/2024 |  | 1213 | 1132173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolver Loan<sup>(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 04/05/2024 |  | 1250 | 1170328 |
|  Scenic (Columbus Capital B.V.) (Australia), Term Loan B (3 mo. EURIBOR + 3.75%) | &nbsp;&nbsp;&nbsp;&nbsp;4.94% | 02/27/2027 | EUR | 1200 | 951236 |
|  USF S&H Holdco LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan A (3 mo. USD LIBOR + 8.00%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.00% | 06/30/2025 |  | 808 | 808166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan A<sup>(f)(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 06/30/2025 |  | 1028 | 1028329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (3 mo. USD LIBOR + 4.75%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.43% | 06/30/2025 |  | 10597 | 10597459 |
|  Vue International Bidco PLC (United Kingdom), Term Loan B-1 (3 mo. EURIBOR + 4.75%)<sup>(l)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;5.66% | 07/03/2026 | EUR | 2791 | 1645784 |
|  |  |  |  |  | 34198056 |
|  **Lodging & Casinos–2.26%** |  |  |  |  |  |
|  Caesars Resort Collection LLC, Incremental Term Loan (1 mo. USD LIBOR + 3.50%) | &nbsp;&nbsp;&nbsp;&nbsp;7.57% | 07/21/2025 |  | 15 | 14951 |
|  HotelBeds (United Kingdom) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (3 mo. EURIBOR + 4.25%) | &nbsp;&nbsp;&nbsp;&nbsp;4.28% | 09/12/2025 | EUR | 5321 | 4779286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan D (3 mo. EURIBOR + 5.50%) | &nbsp;&nbsp;&nbsp;&nbsp;6.75% | 09/12/2027 | EUR | 5774 | 5283369 |
|  |  |  |  |  | 10077606 |
|  **Nonferrous Metals & Minerals–0.36%** |  |  |  |  |  |
|  Corialis (United Kingdom), Term Loan B (1 mo. SONIA + 4.15%) | &nbsp;&nbsp;&nbsp;&nbsp;7.11% | 07/06/2028 | GBP | 678 | 678761 |
|  Form Technologies LLC, Term Loan (1 mo. USD LIBOR + 9.00%) | 13.70% | 10/22/2025 |  | 1128 | 933464 |
|  |  |  |  |  | 1612225 |
|  **Oil & Gas–3.55%** |  |  |  |  |  |
|  Glass Mountain Pipeline Holdings LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | &nbsp;&nbsp;&nbsp;&nbsp;8.55% | 10/28/2027 |  | 239 | 200153 |
|  Gulf Finance LLC, Term Loan (1 mo. USD LIBOR + 6.75%) | 10.83% | 08/25/2026 |  | 2075 | 1721387 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Value** |
|  **Oil & Gas–(continued)** |  |  |  |  |  |
|  McDermott International Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; LOC<sup>(h)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 06/30/2024 |  | $4083 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3327883 |
| &nbsp;&nbsp;&nbsp;&nbsp; LOC (3 mo. USD LIBOR + 4.00%)<sup>(f)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.74% | 06/30/2024 |  | 1801 | 1450034 |
| &nbsp;&nbsp;&nbsp;&nbsp; PIK Term Loan, 3.00% PIK Rate, 5.07% Cash Rate<sup>(j)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;3.00% | 06/30/2025 |  | 948 | 510870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (1 mo. USD LIBOR + 3.00%) | &nbsp;&nbsp;&nbsp;&nbsp;7.07% | 06/30/2024 |  | 180 | 117103 |
|  Petroleum GEO-Services ASA (Norway), Term Loan (1 mo. USD LIBOR + 7.50%) | 11.18% | 03/19/2024 |  | 3121 | 2980114 |
|  QuarterNorth Energy, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 8.00%)<br>(Acquired 08/03/2021; Cost $5,464,003)<sup>(g)</sup>  | 12.07% | 08/27/2026 |  | 5552 | 5537763 |
|  |  |  |  |  | 15845307 |
|  **Publishing–1.31%** |  |  |  |  |  |
|  Cengage Learning, Inc., Term Loan B (1 mo. USD LIBOR + 4.75%)<br>(Acquired 06/29/2021; Cost $2,328,030)<sup>(g)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.81% | 06/29/2026 |  | 2346 | 2161518 |
|  Harbor Purchaser, Inc., Term Loan B (1 mo. SOFR + 5.25%) | &nbsp;&nbsp;&nbsp;&nbsp;9.44% | 03/31/2029 |  | 3886 | 3681880 |
|  |  |  |  |  | 5843398 |
|  **Radio & Television–0.46%** |  |  |  |  |  |
|  Diamond Sports Holdings LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Term Loan (1 mo. SOFR + 8.00%) | 11.89% | 05/25/2026 |  | 1608 | 1527541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Lien Term Loan (1 mo. SOFR + 3.25%) | &nbsp;&nbsp;&nbsp;&nbsp;7.14% | 08/24/2026 |  | 2589 | 425543 |
|  Nexstar Broadcasting, Inc., Term Loan B-4 (1 mo. USD LIBOR + 2.50%) | &nbsp;&nbsp;&nbsp;&nbsp;6.57% | 09/18/2026 |  | 1 | 348 |
|  Univision Communications, Inc., Term Loan B (3 mo. SOFR + 4.25%) | &nbsp;&nbsp;&nbsp;&nbsp;7.79% | 06/10/2029 |  | 114 | 113454 |
|  |  |  |  |  | 2066886 |
|  **Retailers (except Food & Drug)–1.30%** |  |  |  |  |  |
|  CNT Holdings I Corp. (1-800 Contacts), Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 10.49% | 11/06/2028 |  | 510 | 485496 |
|  Kirk Beauty One GmbH (Germany) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-1 (3 mo. EURIBOR + 5.50%) | &nbsp;&nbsp;&nbsp;&nbsp;5.73% | 04/08/2026 | EUR | 1235 | 1116720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-2 (3 mo. EURIBOR + 5.50%) | &nbsp;&nbsp;&nbsp;&nbsp;5.73% | 04/08/2026 | EUR | 711 | 643174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-3 (3 mo. EURIBOR + 5.50%) | &nbsp;&nbsp;&nbsp;&nbsp;5.73% | 04/08/2026 | EUR | 1250 | 1130291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-4 (3 mo. EURIBOR + 5.50%) | &nbsp;&nbsp;&nbsp;&nbsp;5.73% | 04/08/2026 | EUR | 2181 | 1972124 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B-5 (3 mo. EURIBOR + 5.50%) | &nbsp;&nbsp;&nbsp;&nbsp;5.73% | 04/08/2026 | EUR | 486 | 438854 |
|  |  |  |  |  | 5786659 |
|  **Surface Transport–0.44%** |  |  |  |  |  |
|  Hurtigruten (Explorer II AS) (Norway), Term Loan B (3 mo. EURIBOR + 4.00%) | &nbsp;&nbsp;&nbsp;&nbsp;4.91% | 02/24/2025 | EUR | 2370 | 1958432 |
|  **Telecommunications–2.35%** |  |  |  |  |  |
|  Cincinnati Bell, Inc., Term Loan B-2 (1 mo. SOFR + 3.25%) | &nbsp;&nbsp;&nbsp;&nbsp;7.44% | 11/22/2028 |  | 29 | 28217 |
|  Colorado Buyer, Inc., Term Loan (3 mo. USD LIBOR + 3.00%) | &nbsp;&nbsp;&nbsp;&nbsp;7.36% | 05/01/2024 |  | 7 | 6493 |
|  Intelsat Jackson Holdings S.A. (Luxembourg), Term Loan B-3 (1 mo. Prime Rate) | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | 11/27/2023 |  | 33 | 32886 |
|  MLN US HoldCo LLC (dba Mitel) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. SOFR + 6.70%)<br> (Acquired 10/18/2022; Cost $3,463,450)<sup>(g)</sup>  | 10.63% | 11/01/2027 |  | 3739 | 3103293 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Term Loan (6 mo. SOFR + 9.25%)<br> (Acquired 10/18/2022; Cost $1,551,495)<sup>(f)(g)</sup>  | 13.18% | 11/01/2027 |  | 1875 | 1312154 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan (6 mo. SOFR + 6.44%)<br> (Acquired 10/18/2022; Cost $1,532,790)<sup>(g)</sup>  | 11.01% | 11/01/2027 |  | 1591 | 1563011 |
|  Telesat LLC, Term Loan B-5 (1 mo. USD LIBOR + 2.75%) | &nbsp;&nbsp;&nbsp;&nbsp;7.17% | 12/07/2026 |  | 2338 | 1180378 |
|  U.S. Telepacific Corp., Term Loan (6 mo. SOFR + 1.25%) | &nbsp;&nbsp;&nbsp;&nbsp;5.87% | 05/01/2026 |  | 1916 | 726452 |
|  Zayo Group LLC, Incremental Term Loan (1 mo. SOFR + 4.25%) | &nbsp;&nbsp;&nbsp;&nbsp;8.34% | 03/09/2027 |  | 3211 | 2526273 |
|  |  |  |  |  | 10479157 |
|  **Utilities–1.30%** |  |  |  |  |  |
|  Eastern Power LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | &nbsp;&nbsp;&nbsp;&nbsp;7.42% | 10/02/2025 |  | 2293 | 1953459 |
|  Lightstone Holdco LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B (1 mo. SOFR + 5.75%) | &nbsp;&nbsp;&nbsp;&nbsp;9.84% | 02/01/2027 |  | 2139 | 1962959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan C (1 mo. SOFR + 5.75%) | &nbsp;&nbsp;&nbsp;&nbsp;9.84% | 02/01/2027 |  | 121 | 111024 |
|  Nautilus Power LLC, Term Loan (3 mo. USD LIBOR + 4.25%) | &nbsp;&nbsp;&nbsp;&nbsp;8.32% | 05/16/2024 |  | 2302 | 1774253 |
|  |  |  |  |  | 5801695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests (Cost $508,600,682) |  |  |  |  | 454880545 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **Common Stocks & Other Equity Interests–14.46%<sup>(m)</sup>**  |  |  |
|  **Aerospace & Defense–0.53%** |  |  |
|  IAP Worldwide Services, Inc. (Acquired 07/18/2014-08/18/2014;<br>Cost $239,759)<sup>(f)(g)</sup>  | 221 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2355010 |
|  NAC Aviation 8 Ltd.<sup>(f)</sup>  | 51776 | 0 |
|  |  | 2355010 |
|  **Automotive–0.01%** |  |  |
|  ThermaSys Corp.<sup>(f)</sup>  | 980474 | 29414 |
|  **Building & Development–0.00%** |  |  |
|  Haya (Holdco2 PLC/Real Estate SAU)<sup>(f)</sup>  | 5422 | 0 |
|  Lake at Las Vegas Joint Venture LLC, Class A<sup>(f)</sup>  | 2338 | 0 |
|  Lake at Las Vegas Joint Venture LLC, Class B<sup>(f)</sup>  | 28 | 0 |
|  |  | 0 |
|  **Business Equipment & Services–1.71%** |  |  |
|  Checkout Holding Corp. (Acquired 02/15/2019; Cost $2,863,607)<sup>(g)</sup>  | 8573 | 2893 |
|  My Alarm Center LLC, Class A<sup>(f)</sup>  | 47742 | 7614948 |
|  |  | 7617841 |
|  **Containers & Glass Products–0.03%** |  |  |
|  Libbey Glass, Inc. (Acquired 11/13/2020-02/10/2022; Cost $56,094)<sup>(g)</sup>  | 13797 | 137970 |
|  **Electronics & Electrical–0.00%** |  |  |
|  Riverbed Technology, Inc. (Acquired 12/06/2021; Cost $549,383)<sup>(f)(g)</sup>  | 32799 | 8364 |
|  **Financial Intermediaries–0.05%** |  |  |
|  RJO Holdings Corp.<sup>(f)</sup>  | 2144 | 135719 |
|  RJO Holdings Corp., Class A<sup>(f)</sup>  | 1142 | 72306 |
|  RJO Holdings Corp., Class B<sup>(f)</sup>  | 3334 | 34 |
|  |  | 208059 |
|  **Health Care–0.00%** |  |  |
|  Envigo RMS Holding Corp.<sup>(f)</sup>  | 4854 | 27852 |
|  **Industrial Equipment–0.11%** |  |  |
|  North American Lifting Holdings, Inc. | 62889 | 510973 |
|  **Leisure Goods, Activities & Movies–2.74%** |  |  |
|  Crown Finance US, Inc., Wts., expiring 11/23/2025 (Acquired 12/09/2020;<br>Cost $0)<sup>(f)(g)(k)</sup>  | 173934 | 10481 |
|  USF S&H Holdco LLC<sup>(f)(n)</sup>  | 11114 | 12238845 |
|  |  | 12249326 |
|  **Oil & Gas–8.75%** |  |  |
|  Aquadrill LLC (Acquired 05/27/2021; Cost $2,576,069)<sup>(g)</sup>  | 83099 | 3427834 |
|  HGIM Corp.<sup>(f)</sup>  | 11834 | 266265 |
|  HGIM Corp., Wts., expiring 07/02/2043<sup>(f)</sup>  | 7505 | 168863 |
|  McDermott International Ltd.<sup>(f)</sup>  | 190859 | 81592 |
|  QuarterNorth Energy, Inc. (Acquired 06/02/2021-10/29/2021; Cost $6,786,339)<sup>(f)(g)</sup>  | 163623 | 32641152 |
|  QuarterNorth Energy, Inc., Wts., expiring 08/27/2029 (Acquired 08/27/2021;<br>Cost $238,869)<sup>(f)(g)</sup>  | 26541 | 886469 |
|  QuarterNorth Energy, Inc., Wts., expiring 08/27/2029 (Acquired 08/27/2021;<br>Cost $306,696)<sup>(f)(g)</sup>  | 51116 | 514738 |
|  Samson Investment Co., Class A<sup>(f)</sup>  | 163748 | 102343 |
|  Southcross Energy Partners L.P. (Acquired 07/29/2014-10/29/2020;<br>Cost $749,269)<sup>(f)(g)</sup>  | 72413 | 543 |
|  Tribune Resources, Inc. | 376237 | 932504 |
|  Tribune Resources, Inc., Wts., expiring 04/03/2023<sup>(f)</sup>  | 97410 | 2435 |
|  |  | 39024738 |
|  **Radio & Television–0.00%** |  |  |
|  iHeartMedia, Inc., Class B<sup>(f)</sup>  | 42 | 341 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | **Shares** | **Shares** | **Value** |
|  **Retailers (except Food & Drug)–0.17%** |  |  |  |  |  |
|  Claire's Stores, Inc. |  |  |  | 420 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168000 |
|  Toys 'R' Us-Delaware, Inc.<sup>(f)</sup>  |  |  |  | 14 | 34373 |
|  Vivarte S.A.S.<sup>(f)</sup>  |  |  |  | 1181133 | 546255 |
|  |  |  |  |  | 748628 |
|  **Surface Transport–0.24%** |  |  |  |  |  |
|  Commercial Barge Line Co. (Acquired 02/15/2018-02/06/2020; Cost $743,133)<sup>(g)</sup>  |  |  |  | 8956 | 349284 |
|  Commercial Barge Line Co., Series A, Wts., expiring 08/18/2030 (Acquired 02/15/2018-08/12/2022; Cost $0)<sup>(g)</sup>  |  |  |  | 350300 | 164203 |
|  Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045 (Acquired 02/05/2020-08/12/2022; Cost $0)<sup>(g)</sup>  |  |  |  | 295360 | 184600 |
|  Commercial Barge Line Co., Wts., expiring 04/27/2045 (Acquired 02/15/2018-02/06/2020; Cost $781,183)<sup>(g)</sup>  |  |  |  | 9414 | 367146 |
|  |  |  |  |  | 1065233 |
|  **Utilities–0.12%** |  |  |  |  |  |
|  Vistra Operations Co. LLC, Rts., expiring 12/31/2046 |  |  |  | 422054 | 520604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $72,021,795) |  |  |  |  | 64504353 |
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  |  |
|  **Non-U.S. Dollar Denominated Bonds & Notes–8.16%<sup>(o)</sup>**  |  |  |  |  |  |
|  **Automotive–0.54%** |  |  |  |  |  |
|  Cabonline Group Holding AB (Sweden) (3 mo. STIBOR + 9.50%)<sup>(p)(q)</sup>  | 11.25% | 04/19/2026 | SEK | 15000 | 1360475 |
|  Leather 2 S.p.A. (Italy) (3 mo. EURIBOR + 4.50%)<sup>(p)(q)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;5.67% | 09/30/2028 | EUR | 1346 | 1059975 |
|  |  |  |  |  | 2420450 |
|  **Building & Development–0.62%** |  |  |  |  |  |
|  Haya Holdco 2 PLC (Spain) (3 mo. EURIBOR + 9.00%) | 10.95% | 11/30/2025 | EUR | 4568 | 2756879 |
|  **Cable & Satellite Television–0.53%** |  |  |  |  |  |
|  Altice Finco S.A. (Luxembourg)<sup>(p)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;4.75% | 01/15/2028 | EUR | 2932 | 2357309 |
|  **Chemicals & Plastics–0.54%** |  |  |  |  |  |
|  Herens Midco S.a.r.l. (Luxembourg)<sup>(p)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;5.25% | 05/15/2029 | EUR | 3345 | 2420613 |
|  **Financial Intermediaries–3.91%** |  |  |  |  |  |
|  AnaCap Financial Europe S.A. SICAV-RAIF (Italy) (3 mo. EURIBOR +<br>5.00%)<sup>(p)(q)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;6.64% | 08/01/2024 | EUR | 8976 | 8029488 |
|  Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%)<sup>(p)(q)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.95% | 05/01/2026 | EUR | 4278 | 3917484 |
|  Kane Bidco Ltd. (United Kingdom)<sup>(p)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% | 02/15/2027 | EUR | 791 | 674308 |
|  Kane Bidco Ltd. (United Kingdom)<sup>(p)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;6.50% | 02/15/2027 | GBP | 989 | 980215 |
|  Sherwood Financing PLC (United Kingdom)<sup>(p)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;6.00% | 11/15/2026 | GBP | 1082 | 998561 |
|  Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 4.63%)<sup>(p)(q)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;6.39% | 11/15/2027 | EUR | 3000 | 2847472 |
|  |  |  |  |  | 17447528 |
|  **Home Furnishings–1.31%** |  |  |  |  |  |
|  Ideal Standard International S.A. (Belgium)<sup>(p)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;6.38% | 07/30/2026 | EUR | 1828 | 940190 |
|  Very Group Funding PLC (The) (United Kingdom)<sup>(p)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;6.50% | 08/01/2026 | GBP | 5493 | 4890189 |
|  |  |  |  |  | 5830379 |
|  **Retailers (except Food & Drug)–0.71%** |  |  |  |  |  |
|  Kirk Beauty SUN GmbH (Germany)<sup>(p)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;9.00% | 10/01/2026 | EUR | 4984 | 3187371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $51,894,914) |  |  |  |  | 36420529 |
|  **Asset-Backed Securities–2.01%** |  |  |  |  |  |
|  **Structured Products–2.01%** |  |  |  |  |  |
|  Adagio V CLO DAC, Series V-X, Class E-R (Ireland) (3 mo. EURIBOR + 5.15%) <sup>(p)(r)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;6.53% | 10/15/2031 | EUR | 263 | 212091 |
|  Babson Euro CLO B.V., Series 2019-1A, Class ER (Ireland) (3 mo. EURIBOR + 7.21%)<sup>(p)(r)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.59% | 04/15/2036 | EUR | 1750 | 1485977 |
|  Babson Euro CLO B.V., Series 2021-1A, Class E (Ireland) (3 mo. EURIBOR + 7.05%)<sup>(p)(r)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.55% | 04/24/2034 | EUR | 1023 | 867009 |
|  CVC Cordatus Loan Fund XXIII, Series 23A, Class E (Ireland) (3 mo. EURIBOR + 7.26%)<sup>(p)(r)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;8.80% | 04/25/2036 | EUR | 2127 | 1873365 |
|  Jubilee CLO, Series 2018-21A, Class E-R (Ireland) (3 mo. EURIBOR +<br>6.07%)<sup>(p)(r)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;7.45% | 04/15/2035 | EUR | 2041 | 1694005 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal<br>Amount**<br> **(000)<sup>(a)</sup>**  | **Value** |
|  **Structured Products–(continued)** |  |  |  |  |
|  Madison Park Euro Funding XV, Series 15A, Class ER (Ireland) (3 mo. EURIBOR + 7.29%)<sup>(p)(r)</sup>  | 8.67% | 07/15/2036 | 3215 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2842295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $11,310,764) |  |  |  | 8974742 |
|  |  |  | **Shares** |  |
|  **Preferred Stocks–1.58%<sup>(m)</sup>**  |  |  |  |  |
|  **Automotive–0.00%** |  |  |  |  |
|  ThermaSys Corp., Series A, Pfd.<sup>(f)</sup>  |  |  | 208860 | 6266 |
|  **Containers & Glass Products–0.15%** |  |  |  |  |
|  Libbey Glass, Inc., Pfd.<sup>(f)</sup>  |  |  | 5909 | 685416 |
|  **Electronics & Electrical–0.02%** |  |  |  |  |
|  Riverbed Technology, Inc., Pfd. (Acquired 12/06/2021; Cost $0)<sup>(f)(g)</sup>  |  |  | 50381 | 50381 |
|  Riverbed Technology, Inc., Pfd.<sup>(f)</sup>  |  |  | 14219 | 14219 |
|  |  |  |  | 64600 |
|  **Financial Intermediaries–0.06%** |  |  |  |  |
|  RJO Holdings Corp., Series A-2, Pfd.<sup>(f)</sup>  |  |  | 649 | 280974 |
|  **Oil & Gas–0.15%** |  |  |  |  |
|  McDermott International Ltd., Pfd.<sup>(f)</sup>  |  |  | 1017283 | 661234 |
|  Southcross Energy Partners L.P., Series A, Pfd. (Acquired 05/07/2019-05/09/2019; Cost $285,287)<sup>(f)(g)</sup>  |  |  | 288392 | 15862 |
|  |  |  |  | 677096 |
|  **Surface Transport–1.20%** |  |  |  |  |
|  Commercial Barge Line Co., Series A, Pfd. (Acquired 02/15/2018-02/06/2020; Cost $1,659,232)<sup>(g)</sup>  |  |  | 33324 | 858093 |
|  Commercial Barge Line Co., Series A, Pfd., Wts., expiring 04/27/2045 (Acquired 02/15/2018-02/06/2020; Cost $1,744,101)<sup>(g)</sup>  |  |  | 35030 | 902022 |
|  Commercial Barge Line Co., Series B, Pfd. (Acquired 02/05/2020-10/27/2020; Cost $978,436)<sup>(g)</sup>  |  |  | 42058 | 2102900 |
|  Commercial Barge Line Co., Series B, Pfd., Wts., expiring 04/27/2045 (Acquired 02/05/2020-10/27/2020; Cost $687,140)<sup>(g)</sup>  |  |  | 29536 | 1476800 |
|  |  |  |  | 5339815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks (Cost $6,590,416) |  |  |  | 7054167 |
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)<sup>(a)</sup>**  |  |
|  **U.S. Dollar Denominated Bonds & Notes–0.69%** |  |  |  |  |
|  **Air Transport–0.14%** |  |  |  |  |
|  Mesa Airlines, Inc., Class B <sup>(f)</sup>  | 5.75% | 07/15/2025 | $692 | 642017 |
|  **Food Products–0.14%** |  |  |  |  |
|  Teasdale Foods, Inc. <sup>(e)(f)</sup>  | 16.25% | 06/18/2026 | 1911 | 607754 |
|  **Radio & Television–0.06%** |  |  |  |  |
|  Diamond Sports Group LLC/Diamond Sports Finance Co. <sup>(p)</sup>  | 5.38% | 08/15/2026 | 1631 | 267132 |
|  **Telecommunications–0.35%** |  |  |  |  |
|  Windstream Escrow LLC/Windstream Escrow Finance Corp. <sup>(p)</sup>  | 7.75% | 08/15/2028 | 1758 | 1540404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $5,607,594) |  |  |  | 3057307 |
|  **Municipal Obligations–0.63%** |  |  |  |  |
|  **Arizona–0.63%** |  |  |  |  |
|  Arizona (State of) Industrial Development Authority, Series 2022, RB (Acquired 02/22/2022; Cost $3,067,765) (Cost $3,067,765)<sup>(g)(p)</sup>  | 9.00% | 01/01/2028 | 3372 | 2825506 |
|  |  |  | **Shares** |  |
|  **Money Market Funds–8.47%** |  |  |  |  |
|  Invesco Government & Agency Portfolio, Institutional Class, 3.73%<sup>(n)(s)</sup>  |  |  | 22664008 | 22664008 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  Invesco Treasury Portfolio, Institutional Class, 3.76%<sup>(n)(s)</sup>  | 15109338 | $15109338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $37,773,346) |  | 37773346 |
|  TOTAL INVESTMENTS IN SECURITIES–137.97% (Cost $696,867,276) |  | 615490495 |
|  BORROWINGS–(35.87)% |  | (160000000) |
|  OTHER ASSETS LESS LIABILITIES–(2.10)% |  | (9381366) |
|  NET ASSETS–100.00% |  | $446109129 |

---

---

| | |
|:---|:---|
| Investment Abbreviations: | Investment Abbreviations: |
| CLO | – Collateralized Loan Obligation |
| DAC | – Designated Activity Co. |
| DIP | – Debtor-in-Possession |
| EUR | – Euro |
| EURIBOR | – Euro Interbank Offered Rate |
| GBP | – British Pound Sterling |
| LIBOR | – London Interbank Offered Rate |
| LOC | – Letter of Credit |
| Pfd. | – Preferred |
| PIK | – Pay-in-Kind |
| RB | – Revenue Bonds |
| Rts. | – Rights |
| SEK | – Swedish Krona |
| SOFR | – Secured Overnight Financing Rate |
| SONIA | – Sterling Overnight Index Average |
| STIBOR | – Stockholm Interbank Offered Rate |
| USD | – U.S. Dollar |
| Wts. | – Warrants |

---

Notes to Consolidated Schedule of Investments:

<sup>(a)</sup> Principal amounts are denominated in U.S. dollars unless otherwise noted. 

<sup>(b)</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 borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. 

<sup>(c)</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 may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund's portfolio generally have variable rates which adjust to a base, such as the London Interbank Offered Rate ("LIBOR"), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. 

<sup>(d)</sup> Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Fund's use of leverage. 

<sup>(e)</sup> Acquired through direct lending. Direct loans may be subject to liquidity and interest rate risk and certain direct loans may be deemed illiquid.

<sup>(f)</sup> Security valued using significant unobservable inputs (Level 3). See Note 1.

<sup>(g)</sup> Restricted security. The aggregate value of these securities at November 30, 2022 was $96,491,286, which represented 21.63% of the Fund's Net Assets. 

<sup>(h)</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>(i)</sup> This variable rate interest will settle after November 30, 2022, at which time the interest rate will be determined.

<sup>(j)</sup> All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities.

<sup>(k)</sup> The borrower has filed for protection in federal bankruptcy court.

<sup>(l)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2022 was $2,985,683, which represented less than 1% of the Fund's Net Assets. 

<sup>(m)</sup> Securities acquired through the restructuring of senior loans.

<sup>(n)</sup> Affiliated issuer. The issuer is affiliated by having an investment adviser that is under common control of Invesco Ltd. and/or is an "affiliated person" under the Investment Company Act of 1940, as amended (the "1940 Act"), which defines "affiliated person" to include an issuer of which a fund holds 5% or more of the outstanding voting securities. For the Investments in Other Affiliates below, the Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the 1940 Act) of that issuer. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended November 30, 2022. 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| |<br>**Value**<br>**February 28, 2022** |<br>**Purchases**<br>**at Cost** |<br>**Proceeds**<br>**from Sales** | **Change in**<br>**Unrealized**<br>**Appreciation** | <br>**Realized**<br>**Gain** |<br>**Value**<br>**November 30, 2022** |<br>**Dividend Income** |
| **Investments in Affiliated Money Market Funds:** | | | | | | | |
|  Invesco Government & Agency Portfolio, Institutional Class | $12170719 | $235358257 | $(224864968) | $- | $- | $22664008 | $283812 |
|  Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8113813 | &nbsp;&nbsp;&nbsp;&nbsp;156905504 | (149909979) | - | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;15109338 | &nbsp;&nbsp;&nbsp;&nbsp;142213 |
| **Investments in Other Affiliates:** |  |  |  |  |  |  |  |
|  USF S&H Holdco LLC | &nbsp;&nbsp;&nbsp;&nbsp;10075244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8016709 | (8016709) | 2163601 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;12238845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
|  Total | $30359776 | $400280470 | $(382791656) | $2163601 | $- | $50012191 | $426025 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

<sup>(o)</sup> Foreign denominated security. Principal amount is denominated in the currency indicated. 

<sup>(p)</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 registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2022 was $47,271,434, which represented 10.60% of the Fund's Net Assets. 

<sup>(q)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2022.

<sup>(r)</sup> Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on November 30, 2022.

<sup>(s)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2022.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** |
| **Settlement** |  | **Contract to** | **Contract to** | **Contract to** | **Contract to** | **Unrealized<br>Appreciation** |
| **Date** | **Counterparty** | **Deliver** | **Deliver** | **Receive** | **Receive** | **(Depreciation)** |
|  **Currency Risk** | **Currency Risk** |  |  |  |  |  |
|  12/30/2022 | Bank of America, N.A. | USD | 171 | NOK | 1711 | $3 |
|  12/30/2022 | Barclays Bank PLC | USD | 30690446 | EUR | 29525460 | 109191 |
|  12/30/2022 | Barclays Bank PLC | USD | 9339936 | GBP | 7765097 | 29144 |
|  12/30/2022 | Barclays Bank PLC | USD | 1365901 | SEK | 14369514 | 5356 |
|  12/30/2022 | Canadian Imperial Bank of Commerce | USD | 5271 | EUR | 5078 | 26 |
|  12/30/2022 | Canadian Imperial Bank of Commerce | USD | 4152439 | GBP | 3671399 | 277337 |
|  01/31/2023 | Citibank N.A. | GBP | 7787114 | USD | 9414386 | 10402 |
|  01/31/2023 | Goldman Sachs International | USD | 11503 | SEK | 121069 | 74 |
|  12/30/2022 | Morgan Stanley and Co. International PLC | USD | 2083206 | EUR | 2000000 | 3105 |
|  12/30/2022 | Morgan Stanley and Co. International PLC | USD | 893032 | GBP | 755096 | 18039 |
|  12/30/2022 | State Street Bank & Trust Co. | USD | 32566634 | EUR | 31525460 | 319312 |
|  12/30/2022 | State Street Bank & Trust Co. | USD | 2577379 | GBP | 2160618 | 29543 |
|  12/30/2022 | Toronto Dominion Bank (The) | USD | 30140559 | EUR | 29084781 | 199382 |
|  01/31/2023 | Toronto Dominion Bank (The) | GBP | 7787069 | USD | 9407882 | 3953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal–Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal–Appreciation |  |  |  |  | 1004867 |
|  **Currency Risk** | **Currency Risk** |  |  |  |  |  |
|  12/30/2022 | Bank of America, N.A. | EUR | 1000000 | USD | 1004844 | (38311) |
|  12/30/2022 | Bank of America, N.A. | GBP | 279927 | USD | 321835 | (15915) |
|  12/30/2022 | Bank of America, N.A. | NOK | 1711 | USD | 163 | (11) |
|  01/31/2023 | Bank of America, N.A. | NOK | 1711 | USD | 171 | (3) |
|  12/30/2022 | Barclays Bank PLC | EUR | 28246587 | USD | 28018496 | (1447078) |
|  12/30/2022 | Barclays Bank PLC | GBP | 9617957 | USD | 10878104 | (726569) |
|  01/31/2023 | Barclays Bank PLC | EUR | 29525460 | USD | 30779317 | (91575) |
|  01/31/2023 | Barclays Bank PLC | GBP | 7787114 | USD | 9377693 | (26291) |
|  01/31/2023 | Barclays Bank PLC | SEK | 14381270 | USD | 1371525 | (3655) |
|  12/30/2022 | BNP Paribas S.A. | EUR | 28674565 | USD | 28435119 | (1476903) |
|  12/30/2022 | Canadian Imperial Bank of Commerce | EUR | 1201407 | USD | 1245787 | (7467) |
|  12/30/2022 | Citibank N.A. | USD | 9376642 | GBP | 7765097 | (7561) |
|  12/30/2022 | Morgan Stanley and Co. International PLC | EUR | 1500000 | USD | 1489580 | (75153) |
|  12/30/2022 | Morgan Stanley and Co. International PLC | GBP | 9763683 | USD | 11012837 | (767665) |
|  12/30/2022 | Morgan Stanley and Co. International PLC | SEK | 146850 | USD | 13734 | (280) |
|  12/30/2022 | Royal Bank of Canada | SEK | 14222664 | USD | 1274324 | (82919) |
|  12/30/2022 | State Street Bank & Trust Co. | EUR | 2843654 | USD | 2954216 | (12156) |
|  12/30/2022 | State Street Bank & Trust Co. | GBP | 295014 | USD | 346528 | (9425) |
|  01/31/2023 | State Street Bank & Trust Co. | EUR | 29525460 | USD | 30694668 | (176225) |
|  12/30/2022 | Toronto Dominion Bank (The) | EUR | 28674565 | USD | 28453255 | (1458767) |
|  12/30/2022 | Toronto Dominion Bank (The) | GBP | 9763683 | USD | 11039943 | (740559) |
|  12/30/2022 | Toronto Dominion Bank (The) | USD | 9174329 | GBP | 7602957 | (880) |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open Forward Foreign Currency Contracts–(continued)** | **Open Forward Foreign Currency Contracts–(continued)** | **Open Forward Foreign Currency Contracts–(continued)** | **Open Forward Foreign Currency Contracts–(continued)** | **Open Forward Foreign Currency Contracts–(continued)** | **Open Forward Foreign Currency Contracts–(continued)** | **Open Forward Foreign Currency Contracts–(continued)** |
| **Settlement** |  | **Contract to** | **Contract to** | **Contract to** | **Contract to** | **Unrealized<br>Appreciation** |
| **Date** | **Counterparty** | **Deliver** | **Deliver** | **Receive** | **Receive** | **(Depreciation)** |
|  01/31/2023 | Toronto Dominion Bank (The) | EUR | 29084781 | USD | 30227813 | $(182320) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal–Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal–Depreciation |  |  |  |  | (7347688) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts |  |  |  |  | $(6342821) |

---

---

| | |
|:---|:---|
|  Abbreviations: | Abbreviations: |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| NOK | – Norwegian Krone |
| SEK | – Swedish Krona |
| USD | – U.S. Dollar |

---

The aggregate value of securities considered illiquid at November 30, 2022 was $210,590,912, which represented 47.21% of the Fund's Net Assets.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

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

**Invesco Dynamic Credit Opportunity Fund**

------

**Notes to Quarterly Consolidated Schedule of Portfolio Holdings** 

*November 30, 2022* 

*(Unaudited)* 

**NOTE 1–Additional Valuation Information** 

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

---

| | |
|:---|:---|
| Level 1 - | Prices are determined using quoted prices in an active market for identical assets. |
| Level 2 - | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. |
| Level 3 - | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s (the "Adviser") assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |

---

The following is a summary of the tiered valuation input levels, as of November 30, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the consolidated financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Investments in Securities** |  |  |  |  |
|  Variable Rate Senior Loan Interests | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $151738497 | $303142048 | $454880545 |
|  Common Stocks & Other Equity Interests |  | 6766011 | 57738342 | 64504353 |
|  Non-U.S. Dollar Denominated Bonds & Notes |  | 36420529 |  | 36420529 |
|  Asset-Backed Securities |  | 8974742 |  | 8974742 |
|  Preferred Stocks |  | 5339815 | 1714352 | 7054167 |
|  U.S. Dollar Denominated Bonds & Notes |  | 1807536 | 1249771 | 3057307 |
|  Municipal Obligations |  | 2825506 |  | 2825506 |
|  Money Market Funds | 37773346 |  |  | 37773346 |
|  **Total Investments in Securities** | 37773346 | 213872636 | 363844513 | 615490495 |
|  **Other Investments – Assets\*** |  |  |  |  |
|  Investments Matured |  | 998976 | 2223259 | 3222235 |
|  Forward Foreign Currency Contracts |  | 1004867 |  | 1004867 |
|  |  | 2003843 | 2223259 | 4227102 |
|  **Other Investments – Liabilities\*** |  |  |  |  |
|  Forward Foreign Currency Contracts |  | (7347688) |  | (7347688) |
|  **Total Other Investments** |  | (5343845) | 2223259 | (3120586) |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Investments** | $37773346 | $208528791 | $366067772 | $612369909 |

---

\* Forward foreign currency contracts are valued at unrealized appreciation (depreciation). Investments matured are shown at value.

A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) during the nine months ended November 30, 2022:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | | | **Change in** | | | |
|  | | | | **Accrued** | **Realized** | **Unrealized** | **Transfers** | **Transfers** | |
|  | **Value** | **Purchases** | **Proceeds** | **Discounts/** | **Gain** | **Appreciation** | **into** | **out of** | **Value** |
|  | **02/28/22** | **at Cost** | **from Sales** | **Premiums** | **(Loss)** | **(Depreciation)** | **Level 3\*** | **Level 3\*** | **11/30/22** |
|  Variable Rate Senior Loan Interests | $317103912 | $94697238 | $(106016986) | $996510 | $(1906497) | $(6862800) | $14342306 | $(9211635) | $303142048 |
|  Common Stocks & Other Equity Interests | 28481060 | 8016709 | (8494950) |  | (155360) | 20318135 | 13814532 | (4241784) | 57738342 |
|  Investments Matured | 2658636 | 147616 | (3393180) | 61972 | (9311) | 906812 | 1850714 |  | 2223259 |
|  Preferred Stocks | 1488910 | 268675 | (179082) |  | 179083 | (899184) | 855950 |  | 1714352 |
|  U.S. Dollar Denominated Bonds & Notes | 2624330 | 74611 | (276601) |  |  | (1172569) |  |  | 1249771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $352356848 | $103204849 | $(118360799) | $1058482 | $(1892085) | $12290394 | $30863502 | $(13453419) | $366067772 |

---

\* Transfers into and out of level 3 are due to increases or decreases in market activity impacting the available market inputs to determine the price.

Securities determined to be Level 3 at the end of the reporting period were valued primarily by utilizing evaluated prices from a third-party vendor pricing service. A significant change in third-party pricing information could result in a lower or higher value in Level 3 investments.

**Invesco Dynamic Credit Opportunity Fund**

------

The following table summarizes the valuation techniques and significant unobservable inputs used in determining fair value measurements for those investments classified as level 3 at period end:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  |  | Range of | |
|  | Fair Value | Valuation | Unobservable | Unobservable | Unobservable |
|  | at 11/30/22 | Technique | Inputs | Inputs | Input Used |
|  QuarterNorth Energy, Inc. | $32641152 | Bid Offer | Bid offer price | N/A | $199.49 <sup>(a)</sup> |
|  FDH Group Acquisition, Inc., Term Loan A | 22251991 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  Keg Logistics LLC, Term Loan A | 20725608 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  Muth Mirror Systems LLC, Term Loan | 17949407 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  Lightning Finco Ltd., Term Loan B-1 | 17768766 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  Teasdale Foods, Inc., Term Loan B | 13609123 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  Groundworks LLC, First Lien Incremental Term Loan | 12798721 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  USF S&H Holdco LLC | 12238845 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  USF S&H Holdco LLC, Term Loan B | 10597459 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  SDB Holdco LLC, Delayed Draw Term Loan | 9752575 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  PrimeFlight Aviation Services, Inc., Term Loan | 9511705 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  PrimeFlight Aviation Services, Inc., Incremental Delayed Draw Term Loan | 9394632 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  NAS LLC (d.b.a. Nationwide Marketing Group), Term Loan | 8821923 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  Transtar Industries, Inc., Term Loan A | 8675841 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  MB2 Dental Solutions LLC, Delayed Draw Term Loan | 8558819 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  MB2 Dental Solutions LLC, Term Loan B | 8556003 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  CV Intermediate Holdco Corp. (Class Valuation), Term Loan B | 8153891 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  CV Intermediate Holdco Corp. (Class Valuation), Delayed Draw Term Loan | 7918072 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  SDB Holdco LLC, Term Loan | 7849631 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  My Alarm Center LLC, Class A | 7614948 | Valuation Service | N/A | N/A | N/A <sup>(c)</sup> |
|  Lamark Media Group LLC, Term Loan B | 6949503 | Valuation Service | N/A | N/A | N/A <sup>(b)</sup> |
|  Vertellus, Term Loan B | 6636650 | Valuation Service | N/A | N/A | N/A <sup>(c)</sup> |

---

<sup>(a)</sup> QuarterNorth Energy, Inc. publicly announced that it has engaged a financial advisor to pursue a sale of the company. The Adviser values the common shares at the first round of bids for the sale of the business. The Adviser periodically reviews the consolidated financial statements and monitors such investments for additional market information of the occurrence of a significant event which would warrant a re-evaluation of the security's fair valuation. 

<sup>(b)</sup> Securities classified as Level 3 whose unadjusted values were provided by a pricing service and for which such inputs are unobservable. The valuations are based on certain methods used to determine market yields in order to establish a discount rate of return given market conditions and prevailing lending standards. Future expected cash flows are discounted back to the present value using these discount rates in the discounted cash flow analysis. The Adviser reviews the valuation reports provided by the valuation service on an on-going basis and monitors such investments for additional information or the occurrence of a market event which would warrant a re-evaluation of the security's fair valuation. 

<sup>(c)</sup> Securities classified as Level 3 whose unadjusted values were provided by a pricing service and for which such inputs are unobservable. The Adviser periodically reviews pricing vendor methodologies and inputs to confirm they are determined using unobservable inputs and have been appropriately classified. Such securities' fair valuations could change significantly based on changes in unobservable inputs used by the pricing service. 

**Invesco Dynamic Credit Opportunity Fund**

## 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 Dynamic Credit Opportunity Fund

- **b. Investment Company Act file number:** 811-23665

- **c. CIK number of Registrant:** 0001860151

- **d. LEI of Registrant:** UJGJ6DJQ6L11ZHIVZG65

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

  - **Street Address 1:** 1555 Peachtree St.

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30309

  - **Telephone number:** 800-959-4246

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

- **a. Name of Series:** Invesco Dynamic Credit Opportunity Fund

- **c. LEI of Series:** UJGJ6DJQ6L11ZHIVZG65

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $669432227.16

**Total Liabilities:** $223323098.47

**Net Assets:** $446109128.69

**Delayed Delivery Securities:** $4516267.04

**Cash Not Reported:** $17497223.05

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -1189.04518679 | **1-Year:** -3737.56128100 | **5-Year:** -9691.71376706 | **10-Year:** -2953.72162593 | **30-Year:** -0.36573280

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.24%                | -0.35%               | 0.71%                |
| Class ID N/A | 1.26%                | -0.33%               | 0.65%                |
| Class ID N/A | 1.17%                | -0.33%               | 0.73%                |
| Class ID N/A | 1.18%                | -0.32%               | 0.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-175976.78              | $-2799635.50                               |
| Month 2  | $-18647185.81            | $15504382.73                               |
| Month 3  | $-1146404.65             | $3993416.42                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tribune Resources, LLC                                          | Tribune Resources, LLC                                                                | CUSIP: N/A<br>LEI: 549300IFWJYQ79PVEU45       | Long             | EC               | CORP              | US        |    376237 | NS      | $932503.40    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio                                      | Invesco Treasury Portfolio, Institutional Class                                       | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |  15109338 | NS      | $15109338.29  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Sports Holdings, LLC                                    | Diamond Sports Holdings, LLC, First Lien Term Loan                                    | CUSIP: 25277BAE8<br>LEI: 5493002K6DHWNZH8YA34 | Long             | LON              | CORP              | US        |   1607938 | PA      | $1527541.40   | 0.34%             | 2026-05-25      | Floating      | 11.89%                | No            |                  2 | On Loan: No      |
| American Commercial Barge Line Holding Corp.                    | American Commercial Barge Line Holding Corp., Series A, Wts., expiring 08/18/2030     | CUSIP: 00085Q142<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350300 | NS      | $164203.13    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Commercial Barge Line Co.                                       | Commercial Barge Line Co., Pfd.                                                       | CUSIP: 00085Q605<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     42058 | NS      | $2102900.00   | 0.47%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BCA Marketplace                                                 | BCA Marketplace, Second Lien Term Loan                                                | CUSIP: N/A<br>LEI: 213800XQDK86MM9NB619       | Long             | LON              | CORP              | GB        |   4668239 | PA      | $2409954.92   | 0.54%             | 2029-07-27      | Floating      | 9.19%                 | No            |                  2 | On Loan: No      |
| Vivarte                                                         | Vivarte                                                                               | CUSIP: 931QTQ900<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |   1181133 | NS      | $546255.45    | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| Biscuit Intl (Cookie Acq S.A.S, De Banketgroep Holding)         | Biscuit Intl (Cookie Acq S.A.S, De Banketgroep Holding), First Lien Term Loan         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |   1403099 | PA      | $957072.48    | 0.21%             | 2027-02-14      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1458766.57  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| QuarterNorth Energy, Inc (fka Fieldwood Energy)                 | QuarterNorth Energy, Inc (fka Fieldwood Energy), Second Lien Term Loan                | CUSIP: 74771KAB3<br>LEI: 549300BC3OH5VUTNXB92 | Long             | LON              | CORP              | US        |   5551642 | PA      | $5537762.49   | 1.24%             | 2026-08-27      | Floating      | 12.07%                | Yes           |                  2 | On Loan: No      |
| Solera (Polaris Newco, LLC)                                     | Solera (Polaris Newco, LLC), First Lien Term Loan                                     | CUSIP: 73108RAD0<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   1382892 | PA      | $1501450.43   | 0.34%             | 2028-06-05      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Hoffmaster Group, Inc.                                          | Hoffmaster Group, Inc., First Lien Term Loan                                          | CUSIP: 43455JAT5<br>LEI: 5493007J8Q5BFWUO1B64 | Long             | LON              | CORP              | US        |   2735021 | PA      | $2496322.07   | 0.56%             | 2023-11-21      | Floating      | 7.67%                 | Yes           |                  2 | On Loan: No      |
| Serta Simmons Bedding, LLC                                      | Serta Simmons Bedding, LLC, First Lien Term Loan                                      | CUSIP: 81753HAG6<br>LEI: 549300M4F4V4WFPNI116 | Long             | LON              | CORP              | US        |   3175991 | PA      | $1513105.49   | 0.34%             | 2023-08-10      | Floating      | 0.09%                 | Yes           |                  2 | On Loan: No      |
| Altice Finco S.A.                                               | Altice Finco S.A.                                                                     | CUSIP: AP4431460<br>LEI: 549300IGQP5SEZB5Z419 | Long             | DBT              | CORP              | LU        |   2932000 | PA      | $2357309.28   | 0.53%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-879.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $109190.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Haya (Holdco2 PLC / Real Estate SAU)                            | Haya (Holdco2 PLC / Real Estate SAU), Term Loan                                       | CUSIP: N/A<br>LEI: 635400BJGKZHDDZKPE74       | Long             | LON              | CORP              | ES        |      5422 | PA      | $0.00         | 0.00%             | 2025-11-30      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Ethypharm (Financiere Verdi, Orphea Ltf)                        | Ethypharm (Financiere Verdi, Orphea Ltf), First Lien Term Loan                        | CUSIP: N/A<br>LEI: 969500TP61Y08TU11N50       | Long             | LON              | CORP              | FR        |   2270250 | PA      | $2250540.72   | 0.50%             | 2028-04-17      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Optiv Inc.                                                      | Optiv Inc., First Lien Term Loan                                                      | CUSIP: 68404XAB2<br>LEI: 549300VZRXJMEDMZX746 | Long             | LON              | CORP              | US        |   2244796 | PA      | $2177452.61   | 0.49%             | 2024-02-01      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Mavenir Systems, Inc.                                           | Mavenir Systems, Inc., First Lien Term Loan                                           | CUSIP: 57767EAE2<br>LEI: 549300Q70CXM8TJLTD42 | Long             | LON              | CORP              | US        |   2212562 | PA      | $1814300.73   | 0.41%             | 2028-08-13      | Floating      | 9.42%                 | No            |                  3 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2.93        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                        | AI Aqua Merger Sub, Inc., First Lien Term Loan                                        | CUSIP: 00132UAL8<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   4392297 | PA      | $4179995.12   | 0.94%             | 2028-07-30      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| Barings Euro CLO DAC                                            | Barings Euro CLO DAC, Series 2021-1A, Class E                                         | CUSIP: BCC2R9ZM1<br>LEI: 549300D83T2O13OUPP03 | Long             | ABS-CBDO         | CORP              | IE        |   1023000 | PA      | $867009.60    | 0.19%             | 2034-04-24      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Quarternorth Energy Holding Inc., Wts.                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     26541 | NS      | $886469.40    | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| McDermott International, Ltd.                                   | McDermott International, Ltd., First Lien Term Loan                                   | CUSIP: N5200EAB7<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    948251 | PA      | $510870.27    | 0.11%             | 2025-06-30      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| CVC Cordatus Loan Fund XXIII DAC                                | CVC Cordatus Loan Fund XXIII DAC, Series 23A, Class E                                 | CUSIP: BCC353671<br>LEI: 549300UZHWKVESFC2U21 | Long             | ABS-CBDO         | CORP              | IE        |   2127000 | PA      | $1873364.86   | 0.42%             | 2036-04-25      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $29144.59     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NAC Aviation 8 Ltd                                              | NAC Aviation 8 Ltd                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |     51776 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MedAssets Software Intermediate Holdings, Inc. (nThrive TSG)    | MedAssets Software Intermediate Holdings, Inc. (nThrive TSG), Second Lien Term Loan   | CUSIP: 58404KAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    637884 | PA      | $544593.58    | 0.12%             | 2029-12-17      | Floating      | 10.82%                | No            |                  2 | On Loan: No      |
| Weber-Stephen Products LLC                                      | Weber-Stephen Products LLC, First Lien Term Loan                                      | CUSIP: 94767KAP6<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |     73307 | PA      | $62356.40     | 0.01%             | 2027-10-30      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| New VAC US LLC                                                  | New VAC US LLC, Term Loan                                                             | CUSIP: 64911CAB3<br>LEI: 549300UJYMVEWJOVTC36 | Long             | LON              | CORP              | DE        |   1255301 | PA      | $1140227.53   | 0.26%             | 2025-03-08      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises                                         | Royal Caribbean Cruises, Term Loan                                                    | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | LON              | CORP              | LR        |   1213047 | PA      | $1132172.94   | 0.25%             | 2024-04-12      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| U.S. TelePacific Corp.                                          | U.S. TelePacific Corp., Term Loan                                                     | CUSIP: 90343TAW3<br>LEI: 549300C81ZS48XBQR219 | Long             | LON              | CORP              | US        |   1916128 | PA      | $726452.04    | 0.16%             | 2026-05-01      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Kantar (Summer BC Bidco)                                        | Kantar (Summer BC Bidco), First Lien Term Loan                                        | CUSIP: N/A<br>LEI: 984500NRF59D5DB9B654       | Long             | LON              | CORP              | LU        |   2500000 | PA      | $2287500.00   | 0.51%             | 2026-06-04      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| Mesa Airlines Inc.                                              | Mesa Airlines Inc.                                                                    | CUSIP: 59048*AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    691829 | PA      | $642017.43    | 0.14%             | 2025-07-15      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| AMC Entertainment Inc.                                          | AMC Entertainment Inc., First Lien Term Loan                                          | CUSIP: 00164DAQ6<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   2793114 | PA      | $1569380.89   | 0.35%             | 2026-04-22      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Kane Bidco Ltd.                                                 | Kane Bidco Ltd.                                                                       | CUSIP: BT7271328<br>LEI: 213800IT8MD1MLYZWC24 | Long             | DBT              | CORP              | JE        |    989000 | PA      | $980215.02    | 0.22%             | 2027-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1447077.96  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| INDIGOCYAN Midco Ltd.                                           | INDIGOCYAN Midco Ltd., First Lien Term Loan                                           | CUSIP: G4763LAB1<br>LEI: 213800FQZTI1W79G8Q70 | Long             | LON              | CORP              | JE        |   6169481 | PA      | $6878088.07   | 1.54%             | 2024-06-23      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-279.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-75153.28    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-91575.37    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Cincinnati Bell Inc.                                            | Cincinnati Bell Inc., First Lien Term Loan                                            | CUSIP: 17187MAS9<br>LEI: 549300JYVZOCUJOHL272 | Long             | LON              | CORP              | US        |     28694 | PA      | $28217.26     | 0.01%             | 2028-11-22      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| BCA Marketplace                                                 | BCA Marketplace, First Lien Term Loan                                                 | CUSIP: N/A<br>LEI: 213800XQDK86MM9NB619       | Long             | LON              | CORP              | GB        |   1054323 | PA      | $882797.16    | 0.20%             | 2028-07-28      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Modulaire (BCP-V Modular / Algeco)                              | Modulaire (BCP-V Modular / Algeco), First Lien Term Loan                              | CUSIP: BL3728898<br>LEI: 549300C6IE8LNURFZG55 | Long             | LON              | CORP              | GB        |   1294526 | PA      | $1254842.08   | 0.28%             | 2028-12-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Madison Park Euro Funding XV DAC                                | Madison Park Euro Funding XV DAC, Series 15A, Class ER                                | CUSIP: BCC36BYG1<br>LEI: 635400THE8DBQ1GDIN16 | Long             | ABS-CBDO         | CORP              | IE        |   3215000 | PA      | $2842294.67   | 0.64%             | 2036-07-15      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                           | Invesco Government & Agency Portfolio, Institutional Class                            | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |  22664007 | NS      | $22664007.42  | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nidda Healthcare Holding AG                                     | Nidda Healthcare Holding AG, First Lien Term Loan                                     | CUSIP: D6001BAJ6<br>LEI: 549300Q89C4WAO6L0L19 | Long             | LON              | CORP              | DE        |   2087690 | PA      | $2260834.30   | 0.51%             | 2026-08-21      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-767664.55   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| Hurtigruten (Explorer II AS)                                    | Hurtigruten (Explorer II AS), First Lien Term Loan                                    | CUSIP: R7809EAB4<br>LEI: 213800EVBYLGF87O9I05 | Long             | LON              | CORP              | NO        |   2369738 | PA      | $1958432.19   | 0.44%             | 2025-02-24      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-9425.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Constant Contact                                                | Constant Contact, Second Lien Term Loan                                               | CUSIP: 21031HAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1084638 | PA      | $835171.15    | 0.19%             | 2029-02-15      | Floating      | 12.15%                | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-176224.86   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-7561.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $125767.58    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $277337.07    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Womens Care Holdings, Inc., LLC                                 | Womens Care Holdings, Inc., LLC, Second Lien Term Loan                                | CUSIP: 97815UAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    431237 | PA      | $405362.83    | 0.09%             | 2029-01-15      | Floating      | 12.71%                | No            |                  3 | On Loan: No      |
| Dun & Bradstreet Corp. (The)                                    | Dun & Bradstreet Corp. (The), First Lien Term Loan                                    | CUSIP: 26483NAQ3<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   3813676 | PA      | $3737840.75   | 0.84%             | 2025-09-11      | Floating      | 6.39%                 | No            |                  3 | On Loan: No      |
| Kirk Beauty One GmbH                                            | Kirk Beauty One GmbH, First Lien Term Loan                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    711287 | PA      | $643174.14    | 0.14%             | 2026-04-08      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Herens Midco S.a.r.l.                                           | Herens Midco S.a.r.l.                                                                 | CUSIP: BP2693748<br>LEI: 222100BJH5XPZD1JHF79 | Long             | DBT              | CORP              | LU        |   3345000 | PA      | $2420612.49   | 0.54%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crown Finance US, Inc.                                          | Crown Finance US, Inc., First Lien Term Loan                                          | CUSIP: 22834KAH4<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1949206 | PA      | $2323619.68   | 0.52%             | 2024-05-23      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| ThermaSys Corp.                                                 | ThermaSys Corp., Pfd.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    208860 | NS      | $6265.80      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Telesat LLC                                                     | Telesat LLC, First Lien Term Loan                                                     | CUSIP: 87951YAU5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2338448 | PA      | $1180378.20   | 0.26%             | 2026-12-07      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| UnitedLex Corp.                                                 | UnitedLex Corp., First Lien Term Loan                                                 | CUSIP: 88830YAC0<br>LEI: 254900IJ4XQXC5YWDN28 | Long             | LON              | CORP              | US        |    941933 | PA      | $899546.10    | 0.20%             | 2027-03-20      | Floating      | 10.07%                | No            |                  3 | On Loan: No      |
| Learning Pool (Brook Bidco Ltd.)                                | Learning Pool (Brook Bidco Ltd.), Term Loan                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    633298 | PA      | $619998.82    | 0.14%             | 2028-08-17      | Floating      | 10.56%                | No            |                  3 | On Loan: No      |
| N/A                                                             | Tribune Resources, LLC, Wts., expiring 04/03/2023                                     | CUSIP: 933WMF906<br>LEI: N/A                  | N/A              | DE               |  | N/A       |     97410 | NS      | $2435.25      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kirk Beauty SUN GmbH                                            | Kirk Beauty SUN GmbH                                                                  | CUSIP: N/A<br>LEI: 9845005056B369360745       | Long             | DBT              | CORP              | DE        |   4984561 | PA      | $3187371.20   | 0.71%             | 2026-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-82918.95    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Petroleum GEO-Services ASA                                      | Petroleum GEO-Services ASA, First Lien Term Loan                                      | CUSIP: 71659MAH9<br>LEI: 213800T66DRTE6O6BV87 | Long             | LON              | CORP              | NO        |   3120538 | PA      | $2980114.15   | 0.67%             | 2024-03-19      | Floating      | 11.18%                | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp. (1-800 Contacts)                           | CNT Holdings I Corp. (1-800 Contacts), Second Lien Term Loan                          | CUSIP: 12656AAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    510151 | PA      | $485495.85    | 0.11%             | 2028-11-06      | Floating      | 10.49%                | No            |                  2 | On Loan: No      |
| Emerald Technologies AcquisitionCo, Inc.                        | Emerald Technologies AcquisitionCo, Inc., First Lien Term Loan                        | CUSIP: 29102UAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    308822 | PA      | $293895.31    | 0.07%             | 2027-12-29      | Floating      | 10.44%                | No            |                  2 | On Loan: No      |
| Hilding Anders AB                                               | Hilding Anders AB, Term Loan                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |   4437298 | PA      | $0.00         | 0.00%             | 2027-02-26      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Crown Finance US, Inc.                                          | Crown Finance US, Inc., First Lien Term Loan                                          | CUSIP: 22834KAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    566584 | PA      | $611910.85    | 0.14%             | 2025-02-28      | Floating      | 12.02%                | Yes           |                  2 | On Loan: No      |
| Seadrill Partners LLC                                           | Seadrill Partners LLC                                                                 | CUSIP: Y0271K100<br>LEI: 529900X1X5URV2PNNO16 | Long             | EC               | CORP              | US        |     83099 | NS      | $3427833.75   | 0.77%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Monitronics International, Inc.                                 | Monitronics International, Inc., Term Loan                                            | CUSIP: N/A<br>LEI: SCAKOG18M6QWWML8YF46       | Long             | LON              | CORP              | US        |   6013119 | PA      | $5712462.83   | 1.28%             | 2024-07-03      | Floating      | 10.41%                | Yes           |                  3 | On Loan: No      |
| H-Food Holdings, LLC                                            | H-Food Holdings, LLC, First Lien Term Loan                                            | CUSIP: 40422KAB7<br>LEI: 549300JY2LK0EQ95YT44 | Long             | LON              | CORP              | US        |     18994 | PA      | $16571.12     | 0.00%             | 2025-05-23      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1476903.23  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| Corialis                                                        | Corialis, First Lien Term Loan                                                        | CUSIP: N/A<br>LEI: 9845004UA0038RFF8C33       | Long             | LON              | CORP              | GB        |    677494 | PA      | $678761.41    | 0.15%             | 2028-07-06      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Imperva, Inc.                                                   | Imperva, Inc., Second Lien Term Loan                                                  | CUSIP: 45321NAB2<br>LEI: 549300204GJIBLPF1S81 | Long             | LON              | CORP              | US        |   1502467 | PA      | $1165658.95   | 0.26%             | 2027-01-11      | Floating      | 12.42%                | No            |                  2 | On Loan: No      |
| Infinite Electronics                                            | Infinite Electronics, Second Lien Term Loan                                           | CUSIP: 45674KAF2<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |    473480 | PA      | $437968.62    | 0.10%             | 2029-03-02      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| Kirk Beauty One GmbH                                            | Kirk Beauty One GmbH, Term Loan                                                       | CUSIP: N/A<br>LEI: 52990038N1YHKTYUKB50       | Long             | LON              | CORP              | DE        |   1249990 | PA      | $1130290.49   | 0.25%             | 2026-04-08      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Empire Today, LLC                                               | Empire Today, LLC, First Lien Term Loan                                               | CUSIP: 29210RAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    536599 | PA      | $407649.04    | 0.09%             | 2028-04-01      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                       | Vistra Operations Co. LLC, Rts., expiring 12/31/2046                                  | CUSIP: 92840M110<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | EC               | CORP              | US        |    422054 | NS      | $520603.61    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Mayfair Mall, LLC                                               | Mayfair Mall, LLC, First Lien Term Loan                                               | CUSIP: N/A<br>LEI: 549300HU605JTRKFFI65       | Long             | LON              | CORP              | BM        |   1010778 | PA      | $919807.57    | 0.21%             | 2023-04-20      | Floating      | 3.25%                 | No            |                  3 | On Loan: No      |
| Univision Communications Inc.                                   | Univision Communications Inc., First Lien Term Loan                                   | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    114672 | PA      | $113453.48    | 0.03%             | 2029-06-10      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Lake at Las Vegas Joint Venture LLC                             | Lake at Las Vegas Joint Venture LLC, Class B                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        28 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Arizona (State of) Industrial Development Authority             | Arizona (State of) Industrial Development Authority, Series 2022, RB                  | CUSIP: 04052AEC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3372000 | PA      | $2825505.69   | 0.63%             | 2028-01-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Checkout Holding Corp.                                          | Checkout Holding Corp.                                                                | CUSIP: N/A<br>LEI: 5493000F1R60SFVQY311       | Long             | EC               | CORP              | US        |      8573 | NS      | $2893.39      | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sandvine Corp.                                                  | Sandvine Corp., Term Loan                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |    321685 | PA      | $292733.71    | 0.07%             | 2026-11-02      | Floating      | 11.67%                | No            |                  2 | On Loan: No      |
| iHeartMedia, Inc.                                               | iHeartMedia, Inc., Class B                                                            | CUSIP: 45174J608<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        42 | NS      | $341.25       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JVMC Holdings Corp.                                             | JVMC Holdings Corp., Class B                                                          | CUSIP: N/A<br>LEI: 549300YNQA38HHOO8322       | Long             | EC               | CORP              | US        |      3333 | NS      | $33.33        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Safe Fleet Holdings LLC                                         | Safe Fleet Holdings LLC, Second Lien Term Loan                                        | CUSIP: 78638JAG9<br>LEI: 549300ZCMGQ2DH2RZB13 | Long             | LON              | CORP              | US        |    297397 | PA      | $272397.64    | 0.06%             | 2026-02-02      | Floating      | 10.77%                | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $29542.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MLN US HoldCo LLC (dba Mitel)                                   | MLN US HoldCo LLC (dba Mitel), Term Loan                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1590851 | PA      | $1563011.23   | 0.35%             | 2027-11-01      | Floating      | 11.01%                | Yes           |                  2 | On Loan: No      |
| JVMC Holdings Corp.                                             | JVMC Holdings Corp.                                                                   | CUSIP: N/A<br>LEI: 549300YNQA38HHOO8322       | Long             | EC               | CORP              | US        |      2144 | NS      | $135719.00    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Riverbed Technology, Inc.                                       | Riverbed Technology, Inc., Pfd.                                                       | CUSIP: N/A<br>LEI: XWT9B0BASIY6FJ5R7M02       | Long             | EP               | CORP              | US        |     32799 | NS      | $8363.75      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anastasia Parent, LLC                                           | Anastasia Parent, LLC, First Lien Term Loan                                           | CUSIP: 03275UAB1<br>LEI: 254900JLBMA86EYGCG20 | Long             | LON              | CORP              | US        |    549900 | PA      | $411267.51    | 0.09%             | 2025-08-11      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Parques Reunidos (Piolin Bidco s.a.u)                           | Parques Reunidos (Piolin Bidco s.a.u), First Lien Term Loan                           | CUSIP: E9000BAC5<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |   2458810 | PA      | $2264394.89   | 0.51%             | 2026-03-16      | Floating      | 3.50%                 | No            |                  3 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-26291.19    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| My Alarm Center, LLC                                            | My Alarm Center, LLC, Class A                                                         | CUSIP: N/A<br>LEI: 549300IB2N33MHM2N880       | Long             | EC               | CORP              | US        |     47743 | NS      | $7614947.89   | 1.71%             |  |  |  | No            |                  3 | On Loan: No      |
| Riverbed Technology, Inc.                                       | Riverbed Technology, Inc., First Lien Term Loan                                       | CUSIP: N/A<br>LEI: XWT9B0BASIY6FJ5R7M02       | Long             | LON              | CORP              | US        |   5829472 | PA      | $2465021.48   | 0.55%             | 2026-12-08      | Floating      | 12.54%                | Yes           |                  2 | On Loan: No      |
| Ideal Standard International S.A.                               | Ideal Standard International S.A.                                                     | CUSIP: BQ6338256<br>LEI: 5299004EW24BCHXOHD09 | Long             | DBT              | CORP              | LU        |   1828000 | PA      | $940189.72    | 0.21%             | 2026-07-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JVMC Holdings Corp.                                             | JVMC Holdings Corp., Class A                                                          | CUSIP: N/A<br>LEI: 549300YNQA38HHOO8322       | Long             | EC               | CORP              | US        |      1142 | NS      | $72306.32     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Colouroz Investment LLC                                         | Colouroz Investment LLC, First Lien Term Loan                                         | CUSIP: BL2361295<br>LEI: 549300Q6D2JN1G0T8E41 | Long             | LON              | CORP              | US        |      3230 | PA      | $2400.00      | 0.00%             | 2023-09-21      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Adagio V CLO DAC                                                | Adagio V CLO DAC, Series V-X, Class ER                                                | CUSIP: BCC2HUUY4<br>LEI: 6354009XYAVGD2ZFCM19 | Long             | ABS-CBDO         | CORP              | IE        |    263000 | PA      | $212091.02    | 0.05%             | 2031-10-15      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Kirk Beauty One GmbH                                            | Kirk Beauty One GmbH, First Lien Term Loan                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |   2180975 | PA      | $1972124.12   | 0.44%             | 2026-04-08      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Safe Fleet Holdings LLC                                         | Safe Fleet Holdings LLC, First Lien Term Loan                                         | CUSIP: 78638JAM6<br>LEI: 549300ZCMGQ2DH2RZB13 | Long             | LON              | CORP              | US        |    246032 | PA      | $239881.53    | 0.05%             | 2029-02-23      | Floating      | 8.93%                 | No            |                  3 | On Loan: No      |
| H-Food Holdings, LLC                                            | H-Food Holdings, LLC, First Lien Term Loan                                            | CUSIP: 40422KAE1<br>LEI: 549300JY2LK0EQ95YT44 | Long             | LON              | CORP              | US        |    156802 | PA      | $137626.44    | 0.03%             | 2025-05-23      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $193544.95    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Learning Pool (Brook Bidco Ltd.)                                | Learning Pool (Brook Bidco Ltd.), Term Loan                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    479336 | PA      | $571364.49    | 0.13%             | 2028-08-17      | Floating      | 3.00%                 | No            |                  3 | On Loan: No      |
| LogMeIn                                                         | LogMeIn, First Lien Term Loan                                                         | CUSIP: 54142KAD3<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   2992915 | PA      | $1939154.81   | 0.43%             | 2027-08-28      | Floating      | 8.77%                 | No            |                  2 | On Loan: No      |
| Checkout Holding Corp.                                          | Checkout Holding Corp., First Lien Term Loan                                          | CUSIP: 14886MAN1<br>LEI: 5493000F1R60SFVQY311 | Long             | LON              | CORP              | US        |     26585 | PA      | $7122.40      | 0.00%             | 2023-08-15      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Caesars Resort Collection, LLC                                  | Caesars Resort Collection, LLC, First Lien Term Loan                                  | CUSIP: 12769LAD1<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |     15026 | PA      | $14951.16     | 0.00%             | 2025-07-21      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Shearer's Foods, LLC                                            | Shearer's Foods, LLC, Second Lien Term Loan                                           | CUSIP: N/A<br>LEI: 549300AQWIJSYS2CIH04       | Long             | LON              | CORP              | US        |    214280 | PA      | $200351.81    | 0.04%             | 2028-09-22      | Floating      | 11.79%                | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-15915.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sigma Bidco                                                     | Sigma Bidco, First Lien Term Loan                                                     | CUSIP: N8003HAC1<br>LEI: 254900U4MHW4MZWGFU47 | Long             | LON              | CORP              | US        |    156450 | PA      | $142565.15    | 0.03%             | 2025-07-02      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| NAC Aviation 8 Ltd.                                             | NAC Aviation 8 Ltd., Term Loan                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |   1750286 | PA      | $1120182.94   | 0.25%             | 2026-12-31      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| AnaCap Financial Europe S.A. SICAV-RAIF                         | AnaCap Financial Europe S.A. SICAV-RAIF                                               | CUSIP: N/A<br>LEI: 2221001M75L4SO9QJ626       | Long             | DBT              | CORP              | LU        |   8976000 | PA      | $8029487.92   | 1.80%             | 2024-08-01      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Riverbed Technology, Inc.                                       | Riverbed Technology, Inc.                                                             | CUSIP: B10930B99<br>LEI: XWT9B0BASIY6FJ5R7M02 | Long             | EC               | CORP              | US        |     50381 | NS      | $50381.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Natel Engineering Co., Inc.                                     | Natel Engineering Co., Inc., First Lien Term Loan                                     | CUSIP: 63229BAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3573043 | PA      | $3337829.29   | 0.75%             | 2026-04-29      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| Hilding Anders AB                                               | Hilding Anders AB, Term Loan                                                          | CUSIP: N/A<br>LEI: 54930054I2B3F0CNE428       | Long             | LON              | CORP              | SE        |     33836 | PA      | $3.52         | 0.00%             | 2024-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Crown Finance US, Inc.                                          | Crown Finance US, Inc., First Lien Term Loan                                          | CUSIP: 22834KAB7<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   2849133 | PA      | $636011.90    | 0.14%             | 2025-02-28      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-182320.07   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Kirk Beauty One GmbH                                            | Kirk Beauty One GmbH, First Lien Term Loan                                            | CUSIP: N/A<br>LEI: 969500ZRJL8WNVOD6T37       | Long             | LON              | CORP              | FR        |    485330 | PA      | $438854.45    | 0.10%             | 2026-04-08      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| LBM Holdings, LLC                                               | LBM Holdings, LLC, First Lien Term Loan                                               | CUSIP: 50179JAB4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |      4487 | PA      | $3881.06      | 0.00%             | 2027-12-17      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| McDermott International Inc.                                    | McDermott International Inc., Pfd.                                                    | CUSIP: N/A<br>LEI: ZAKWBIG8QLOPMZ888610       | Long             | EC               | CORP              | US        |   1017283 | NS      | $661233.95    | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                             | HGIM Corp., Wts., expiring 07/02/2043                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |      7505 | NS      | $168862.50    | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                             | Quarternorth Energy Holding Inc., Wts.                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     51116 | NS      | $514738.12    | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $25.98        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $16862.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gulf Finance, LLC                                               | Gulf Finance, LLC, First Lien Term Loan                                               | CUSIP: 40227UAC0<br>LEI: 549300GL13V5C6ULWJ40 | Long             | LON              | CORP              | US        |   2074860 | PA      | $1721387.06   | 0.39%             | 2026-08-25      | Floating      | 10.68%                | No            |                  2 | On Loan: No      |
| MLN US HoldCo LLC (dba Mitel)                                   | MLN US HoldCo LLC (dba Mitel), First Lien Term Loan                                   | CUSIP: 55292HAJ2<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |   3738906 | PA      | $3103292.37   | 0.70%             | 2027-11-01      | Floating      | 10.63%                | Yes           |                  2 | On Loan: No      |
| Windstream Escrow LLC / Windstream Escrow Finance Corp.         | Windstream Escrow LLC / Windstream Escrow Finance Corp.                               | CUSIP: 97382WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1758000 | PA      | $1540403.55   | 0.35%             | 2028-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co. Inc.                                           | Boxer Parent Co. Inc., First Lien Term Loan                                           | CUSIP: 05988HAF4<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    131591 | PA      | $129174.23    | 0.03%             | 2025-10-02      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Robertshaw US Holding Corp.                                     | Robertshaw US Holding Corp., First Lien Term Loan                                     | CUSIP: 77051UAF6<br>LEI: 549300NMXRV2JIXFIY04 | Long             | LON              | CORP              | US        |    451537 | PA      | $336234.58    | 0.08%             | 2025-02-28      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| Nexstar Broadcasting, Inc.                                      | Nexstar Broadcasting, Inc., First Lien Term Loan                                      | CUSIP: 65336RAW8<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |       351 | PA      | $348.38       | 0.00%             | 2026-09-18      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Toys 'R' Us-Delaware, Inc.                                      | Toys 'R' Us-Delaware, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        14 | NS      | $34372.50     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| NAC Aviation 8 Ltd.                                             | NAC Aviation 8 Ltd., Term Loan                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |   1642458 | PA      | $1642457.98   | 0.37%             | 2026-12-31      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Native Instruments                                              | Native Instruments, Term Loan                                                         | CUSIP: N/A<br>LEI: 529900JMM5AGXC3NFC22       | Long             | LON              | CORP              | DE        |   1266638 | PA      | $1256115.03   | 0.28%             | 2028-03-03      | Floating      | 6.78%                 | No            |                  3 | On Loan: No      |
| Acacium (Impala Bidco Ltd. / ICS US Inc)                        | Acacium (Impala Bidco Ltd. / ICS US Inc), First Lien Term Loan                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    955213 | PA      | $883571.61    | 0.20%             | 2028-06-08      | Floating      | 9.38%                 | No            |                  3 | On Loan: No      |
| Harbor Purchaser, Inc. (Houghton Mifflin Harcourt)              | Harbor Purchaser, Inc. (Houghton Mifflin Harcourt), First Lien Term Loan              | CUSIP: 44157YAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3885889 | PA      | $3681879.98   | 0.83%             | 2029-03-31      | Floating      | 8.90%                 | No            |                  2 | On Loan: No      |
| Crown Finance US, Inc.                                          | Crown Finance US, Inc., Term Loan                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1164997 | PA      | $1164996.76   | 0.26%             | 2024-05-23      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| North American Lifting Holdings, Inc.                           | North American Lifting Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: 5493008KV4SRQC7D1587       | Long             | EC               | CORP              | US        |     62889 | NS      | $510973.13    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Kantar (Summer BC Bidco)                                        | Kantar (Summer BC Bidco), First Lien Term Loan                                        | CUSIP: N/A<br>LEI: 984500NRF59D5DB9B654       | Long             | LON              | CORP              | LU        |   1561334 | PA      | $1453016.87   | 0.33%             | 2026-12-04      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Garfunkelux Holdco 3 S.A.                                       | Garfunkelux Holdco 3 S.A.                                                             | CUSIP: BM0610865<br>LEI: 2221007QVSNJV7EWBX69 | Long             | DBT              | CORP              | LU        |   4278000 | PA      | $3917484.58   | 0.88%             | 2026-05-01      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| Colouroz Investment LLC                                         | Colouroz Investment LLC, Second Lien Term Loan                                        | CUSIP: N/A<br>LEI: 549300Q6D2JN1G0T8E41       | Long             | LON              | CORP              | US        |     31260 | PA      | $22741.99     | 0.01%             | 2024-09-21      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Haya Holdco 2 PLC                                               | Haya Holdco 2 PLC, Term Loan                                                          | CUSIP: N/A<br>LEI: 635400BJGKZHDDZKPE74       | Long             | LON              | CORP              | ES        |   4567787 | PA      | $2756878.98   | 0.62%             | 2025-11-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Quest Software US Holdings Inc.                                 | Quest Software US Holdings Inc., Second Lien Term Loan                                | CUSIP: G7314UAB8<br>LEI: 549300LMV4JEXTGLE324 | Long             | LON              | CORP              | US        |    218498 | PA      | $135104.81    | 0.03%             | 2030-01-20      | Floating      | 11.59%                | No            |                  2 | On Loan: No      |
| Utimaco                                                         | Utimaco, Term Loan                                                                    | CUSIP: N/A<br>LEI: 529900IBXNKRA4UZFY84       | Long             | LON              | CORP              | DE        |   1645484 | PA      | $1597764.69   | 0.36%             | 2028-10-30      | Floating      | 8.55%                 | No            |                  3 | On Loan: No      |
| HGIM Corp.                                                      | HGIM Corp.                                                                            | CUSIP: N/A<br>LEI: 549300W0Q0ZDXP0FKI37       | Long             | EC               | CORP              | US        |     11834 | NS      | $266265.00    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3953.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3104.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Robertshaw US Holding Corp.                                     | Robertshaw US Holding Corp., Second Lien Term Loan                                    | CUSIP: 77051UAH2<br>LEI: 549300NMXRV2JIXFIY04 | Long             | LON              | CORP              | US        |    613027 | PA      | $378032.28    | 0.08%             | 2026-02-28      | Floating      | 12.12%                | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $10401.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Finance US, Inc.                                          | Crown Finance US, Inc., First Lien Term Loan                                          | CUSIP: 22834KAL5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   4225293 | PA      | $4089111.91   | 0.92%             | 2023-09-09      | Floating      | 13.93%                | Yes           |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-38310.99    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Barge Line Co.                                       | Commercial Barge Line Co.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      8956 | NS      | $349284.00    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tank Holding Corp.                                              | Tank Holding Corp., First Lien Term Loan                                              | CUSIP: 87583FAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    352688 | PA      | $339462.24    | 0.08%             | 2028-03-31      | Floating      | 10.13%                | No            |                  3 | On Loan: No      |
| N/A                                                             | Crown Finance US. Inc., Wrts.                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |    173934 | NS      | $10481.70     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ThermaSys Corp.                                                 | ThermaSys Corp.                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    980474 | NS      | $29414.22     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $73.84        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Blackhawk Network Holdings, Inc.                                | Blackhawk Network Holdings, Inc., Second Lien Term Loan                               | CUSIP: 05549YAB8<br>LEI: 549300LFU3K8UIR03132 | Long             | LON              | CORP              | US        |    384458 | PA      | $353461.06    | 0.08%             | 2026-06-15      | Floating      | 10.94%                | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings, Inc.                             | Engineered Machinery Holdings, Inc., Second Lien Term Loan                            | CUSIP: 26658NAQ2<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |    207367 | PA      | $193175.08    | 0.04%             | 2029-05-21      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| IAP Worldwide Services, Inc.                                    | IAP Worldwide Services, Inc.                                                          | CUSIP: 979UVH901<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       221 | NS      | $2355010.46   | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Colouroz Investment LLC                                         | Colouroz Investment LLC, First Lien Term Loan                                         | CUSIP: N/A<br>LEI: 529900HYSM9MD1C1LG96       | Long             | LON              | CORP              | DE        |    180182 | PA      | $133875.37    | 0.03%             | 2023-09-21      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Gloves Buyer, Inc.                                              | Gloves Buyer, Inc., First Lien Term Loan                                              | CUSIP: 37987UAC6<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |     86910 | PA      | $79486.60     | 0.02%             | 2027-12-29      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Mold-Rite Plastics, LLC (Valcour Packaging LLC)                 | Mold-Rite Plastics, LLC (Valcour Packaging LLC), Second Lien Term Loan                | CUSIP: 91889CAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    123342 | PA      | $101757.38    | 0.02%             | 2029-10-04      | Floating      | 11.23%                | No            |                  3 | On Loan: No      |
| JVMC Holdings Corp.                                             | JVMC Holdings Corp., Series A-2, Pfd.                                                 | CUSIP: N/A<br>LEI: 549300YNQA38HHOO8322       | Long             | EC               | CORP              | US        |       649 | NS      | $280973.70    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| Allied Universal Holdco LLC                                     | Allied Universal Holdco LLC, First Lien Term Loan                                     | CUSIP: 01957TAK3<br>LEI: 549300ONXPZT3KQZDR65 | Long             | LON              | CORP              | LU        |     95445 | PA      | $93130.44     | 0.02%             | 2028-05-12      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Hilding Anders AB                                               | Hilding Anders AB, Term Loan                                                          | CUSIP: N/A<br>LEI: 54930054I2B3F0CNE428       | Long             | LON              | CORP              | SE        |   4882172 | PA      | $3327654.52   | 0.75%             | 2026-02-28      | Floating      | 6.64%                 | Yes           |                  3 | On Loan: No      |
| Jubilee CLO DAC                                                 | Jubilee CLO DAC, Series 2018-21A, Class ER                                            | CUSIP: BCC2R2NT4<br>LEI: 635400VJFOACD7V4YS84 | Long             | ABS-CBDO         | CORP              | NL        |   2041000 | PA      | $1694005.11   | 0.38%             | 2035-04-15      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Lake at Las Vegas Joint Venture LLC                             | Lake at Las Vegas Joint Venture LLC, Class A                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2339 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Commercial Barge Line Co.                                       | Commercial Barge Line Co., Pfd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     33324 | NS      | $858093.00    | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| IAP Worldwide Services                                          | IAP Worldwide Services, Second Lien Term Loan                                         | CUSIP: 44920JAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1562268 | PA      | $1562268.41   | 0.35%             | 2023-07-18      | Floating      | 10.17%                | Yes           |                  3 | On Loan: No      |
| Hilding Anders AB                                               | Hilding Anders AB, Term Loan                                                          | CUSIP: N/A<br>LEI: 54930054I2B3F0CNE428       | Long             | LON              | CORP              | SE        |   5480022 | PA      | $570.25       | 0.00%             | 2024-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-726569.14   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Deliver Buyer, Inc. (MHS Holdings)                              | Deliver Buyer, Inc. (MHS Holdings), First Lien Term Loan                              | CUSIP: 74339YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1678192 | PA      | $1390801.43   | 0.31%             | 2029-06-08      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Trugreen L.P.                                                   | Trugreen L.P., Second Lien Term Loan                                                  | CUSIP: 89787RAK8<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |   1509220 | PA      | $1260198.30   | 0.28%             | 2028-11-02      | Floating      | 12.91%                | No            |                  2 | On Loan: No      |
| LHS Borrow, LLC (Leaf Home Solutions)                           | LHS Borrow, LLC (Leaf Home Solutions), First Lien Term Loan                           | CUSIP: 50204EAB4<br>LEI: 2549000R2CJY3YBDDU14 | Long             | LON              | CORP              | US        |   2108922 | PA      | $1713499.04   | 0.38%             | 2029-02-16      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| Sherwood Financing PLC                                          | Sherwood Financing PLC                                                                | CUSIP: BS1080362<br>LEI: 259400SSZWSSPNYW7K08 | Long             | DBT              | CORP              | GB        |   1082000 | PA      | $998560.98    | 0.22%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding, LLC (Signature Aviation US Holdings, Inc.) | Brown Group Holding, LLC (Signature Aviation US Holdings, Inc.), First Lien Term Loan | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |   1194642 | PA      | $1189319.63   | 0.27%             | 2029-07-01      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                          | Cengage Learning, Inc., First Lien Term Loan                                          | CUSIP: 15134NAF3<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |   2346289 | PA      | $2161518.34   | 0.48%             | 2026-06-29      | Floating      | 7.81%                 | Yes           |                  2 | On Loan: No      |
| Victory Buyer LLC (Vantage Elevator)                            | Victory Buyer LLC (Vantage Elevator), Second Lien Term Loan                           | CUSIP: N/A<br>LEI: 549300G9TEUHGC81N056       | Long             | LON              | CORP              | US        |    258452 | PA      | $240359.95    | 0.05%             | 2029-11-19      | Floating      | 10.57%                | No            |                  3 | On Loan: No      |
| Quarternorth Energy Holding Inc.                                | Quarternorth Energy Holding Inc.                                                      | CUSIP: N/A<br>LEI: 549300BC3OH5VUTNXB92       | Long             | EC               | CORP              | US        |    163623 | NS      | $32641152.27  | 7.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HotelBeds                                                       | HotelBeds, First Lien Term Loan                                                       | CUSIP: N/A<br>LEI: 213800OWSFFQ8A3HSD42       | Long             | LON              | CORP              | GB        |   5773683 | PA      | $5283368.74   | 1.18%             | 2027-09-12      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Glass Mountain Pipeline Holdings, LLC                           | Glass Mountain Pipeline Holdings, LLC, First Lien Term Loan                           | CUSIP: 36262VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    239168 | PA      | $200153.44    | 0.04%             | 2027-10-28      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Kane Bidco Ltd.                                                 | Kane Bidco Ltd.                                                                       | CUSIP: BT7271153<br>LEI: 213800IT8MD1MLYZWC24 | Long             | DBT              | CORP              | JE        |    791000 | PA      | $674307.87    | 0.15%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Commercial Barge Line Co., Series B, Pfd., Wts., expiring 04/27/2045                  | CUSIP: 00085Q167<br>LEI: N/A                  | N/A              | DE               |  | N/A       |     29536 | NS      | $1476800.00   | 0.33%             |  |  |  | Yes           |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-10.94       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-12156.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3655.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Veritas US Inc.                                                 | Veritas US Inc., First Lien Term Loan                                                 | CUSIP: G9341JAN0<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |    616847 | PA      | $448426.44    | 0.10%             | 2025-09-01      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Florida Food Products, LLC                                      | Florida Food Products, LLC, First Lien Term Loan                                      | CUSIP: 34068GAD4<br>LEI: 254900J6FNIX7DTKUV52 | Long             | LON              | CORP              | US        |   2261318 | PA      | $2080412.13   | 0.47%             | 2028-10-18      | Floating      | 8.93%                 | No            |                  3 | On Loan: No      |
| City Brewing Co., LLC                                           | City Brewing Co., LLC, First Lien Term Loan                                           | CUSIP: 17776EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1822631 | PA      | $1148257.48   | 0.26%             | 2028-03-31      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Crown Finance US, Inc.                                          | Crown Finance US, Inc., First Lien Term Loan                                          | CUSIP: 22834KAD3<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   2719245 | PA      | $599593.61    | 0.13%             | 2026-09-30      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| International Textile Group, Inc.                               | International Textile Group, Inc., First Lien Term Loan                               | CUSIP: 46049BAB7<br>LEI: M4ZRS7E9USM0DKM0N876 | Long             | LON              | CORP              | US        |    187130 | PA      | $131614.02    | 0.03%             | 2024-05-01      | Floating      | 9.46%                 | No            |                  2 | On Loan: No      |
| Crown Finance US, Inc.                                          | Crown Finance US, Inc., First Lien Term Loan                                          | CUSIP: 22834KAM3<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    327542 | PA      | $316985.42    | 0.07%             | 2023-09-09      | Floating      | 13.80%                | No            |                  2 | On Loan: No      |
| Monitronics International, Inc.                                 | Monitronics International, Inc., First Lien Term Loan                                 | CUSIP: 60945HAB0<br>LEI: SCAKOG18M6QWWML8YF46 | Long             | LON              | CORP              | US        |   7880154 | PA      | $5243612.12   | 1.18%             | 2024-03-29      | Floating      | 11.91%                | Yes           |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1176.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lightstone Holdco LLC                                           | Lightstone Holdco LLC, Term Loan                                                      | CUSIP: 53226GAL5<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |    120966 | PA      | $111024.23    | 0.02%             | 2027-02-01      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| Florida Food Products, LLC                                      | Florida Food Products, LLC, Second Lien Term Loan                                     | CUSIP: 34068GAG7<br>LEI: 254900J6FNIX7DTKUV52 | Long             | LON              | CORP              | US        |   1027710 | PA      | $945493.55    | 0.21%             | 2029-10-08      | Floating      | 12.07%                | No            |                  3 | On Loan: No      |
| Cabonline Group Holding AB                                      | Cabonline Group Holding AB                                                            | CUSIP: BV5219233<br>LEI: 549300PB67LZ38PTO750 | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $1360474.58   | 0.30%             | 2026-04-19      | Floating      | 11.25%                | No            |                  2 | On Loan: No      |
| Diamond Sports Group LLC / Diamond Sports Finance Co.           | Diamond Sports Group LLC / Diamond Sports Finance Co.                                 | CUSIP: 25277LAF3<br>LEI: 5493002K6DHWNZH8YA34 | Long             | DBT              | CORP              | US        |   1631000 | PA      | $267131.66    | 0.06%             | 2026-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Inotiv, Inc.                                                    | Inotiv, Inc.                                                                          | CUSIP: 45783Q100<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | EC               | CORP              | US        |      4854 | NS      | $27852.25     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Protect America                                                 | Protect America, First Lien Term Loan                                                 | CUSIP: 74364NAE4<br>LEI: 549300EML9KQOOMLDD16 | Long             | LON              | CORP              | US        |   1938898 | PA      | $1832258.19   | 0.41%             | 2024-09-01      | Floating      | 7.14%                 | No            |                  3 | On Loan: No      |
| CRCI Longhorn Holdings, Inc.                                    | CRCI Longhorn Holdings, Inc., Second Lien Term Loan                                   | CUSIP: 12688EAE3<br>LEI: 549300ITUZCPGZ2X6C28 | Long             | LON              | CORP              | US        |     86351 | PA      | $80630.00     | 0.02%             | 2026-08-08      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| Barings Euro CLO DAC                                            | Barings Euro CLO DAC, Series 2019-1A, Class ER                                        | CUSIP: BCC3553N4<br>LEI: 549300EGZCEL8MUE5F06 | Long             | ABS-CBDO         | CORP              | IE        |   1750000 | PA      | $1485976.87   | 0.33%             | 2036-04-15      | Floating      | 8.59%                 | No            |                  2 | On Loan: No      |
| Apex Tool Group, LLC                                            | Apex Tool Group, LLC, First Lien Term Loan                                            | CUSIP: 03759DAK4<br>LEI: 549300LWC59TPOM4ZR02 | Long             | LON              | CORP              | US        |   1061030 | PA      | $924953.23    | 0.21%             | 2029-02-08      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| Biscuit Intl (Cookie Acq S.A.S, De Banketgroep Holding)         | Biscuit Intl (Cookie Acq S.A.S, De Banketgroep Holding), First Lien Term Loan         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |   2609554 | PA      | $1780011.40   | 0.40%             | 2027-02-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Lightstone Holdco LLC                                           | Lightstone Holdco LLC, First Lien Term Loan                                           | CUSIP: 53226GAK7<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |   2138730 | PA      | $1962958.63   | 0.44%             | 2027-02-01      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| Southcross Energy Partners GP LLC                               | Southcross Energy Partners GP LLC, Series A, Pfd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    288393 | NS      | $15861.59     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                             | Commercial Barge Line Co., Series A, Pfd., Wts., expiring 04/27/2045                  | CUSIP: 00085Q134<br>LEI: N/A                  | N/A              | DE               |  | N/A       |     35030 | NS      | $902022.50    | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2.95         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-7466.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Checkout Holding Corp.                                          | Checkout Holding Corp., First Lien Term Loan                                          | CUSIP: 14886MAM3<br>LEI: 5493000F1R60SFVQY311 | Long             | LON              | CORP              | US        |    274378 | PA      | $222246.14    | 0.05%             | 2023-02-15      | Floating      | 12.15%                | Yes           |                  2 | On Loan: No      |
| CSC Holdings, LLC                                               | CSC Holdings, LLC, First Lien Term Loan                                               | CUSIP: 64072UAH5<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |       351 | PA      | $335.45       | 0.00%             | 2026-01-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Commercial Barge Line Co., Wts., expiring 04/27/2045                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |      9414 | NS      | $367146.00    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Verra Mobility Corp. (aka American Traffic Solutions)           | Verra Mobility Corp. (aka American Traffic Solutions), First Lien Term Loan           | CUSIP: 00215NAK6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      2542 | PA      | $2528.41      | 0.00%             | 2028-03-19      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| McDermott International Inc.                                    | McDermott International Inc.                                                          | CUSIP: 58004K109<br>LEI: ZAKWBIG8QLOPMZ888610 | Long             | EC               | CORP              | US        |    190859 | NS      | $81592.22     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| CRH Europe Distribution                                         | CRH Europe Distribution, First Lien Term Loan                                         | CUSIP: N/A<br>LEI: 549300Y5PCNMQXYRRY06       | Long             | LON              | CORP              | NL        |    772652 | PA      | $753098.85    | 0.17%             | 2025-11-29      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Libbey Glass LLC                                                | Libbey Glass LLC                                                                      | CUSIP: N/A<br>LEI: A7JTTZYG0P336HI4K290       | Long             | EC               | CORP              | US        |      5909 | NS      | $685416.16    | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| Eastern Power, LLC                                              | Eastern Power, LLC, First Lien Term Loan                                              | CUSIP: 87264NAB3<br>LEI: 5493000R3E1L1VM1V279 | Long             | LON              | CORP              | US        |   2293129 | PA      | $1953459.50   | 0.44%             | 2025-10-02      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Pretium Packaging                                               | Pretium Packaging, Second Lien Term Loan                                              | CUSIP: 74142KAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    345275 | PA      | $276220.20    | 0.06%             | 2029-10-01      | Floating      | 10.21%                | No            |                  2 | On Loan: No      |
| American Commercial Barge Line Holding Corp.                    | American Commercial Barge Line Holding Corp., Series B, Wts., expiring 04/30/2045     | CUSIP: 00085Q183<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295360 | NS      | $184600.00    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Scenic (Columbus Capital BV)                                    | Scenic (Columbus Capital BV), First Lien Term Loan                                    | CUSIP: N2109JAF6<br>LEI: 549300RTLEY50LVEW969 | Long             | LON              | CORP              | NL        |   1200164 | PA      | $951236.35    | 0.21%             | 2027-02-27      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Utimaco                                                         | Utimaco, Term Loan                                                                    | CUSIP: N/A<br>LEI: 529900IBXNKRA4UZFY84       | Long             | LON              | CORP              | DE        |   2931852 | PA      | $2983765.53   | 0.67%             | 2028-10-30      | Floating      | 6.58%                 | No            |                  3 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-740558.62   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| Fitness International, LLC                                      | Fitness International, LLC, First Lien Term Loan                                      | CUSIP: 33818XAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1106239 | PA      | $1022579.29   | 0.23%             | 2025-04-18      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| Financiere Pax SAS (Areas)                                      | Financiere Pax SAS (Areas), First Lien Term Loan                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | ES        |   2011561 | PA      | $1707950.43   | 0.38%             | 2026-07-01      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Riverbed Technology, Inc.                                       | Riverbed Technology, Inc.                                                             | CUSIP: B10930B99<br>LEI: XWT9B0BASIY6FJ5R7M02 | Long             | EC               | CORP              | US        |     14219 | NS      | $14219.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DXP Enterprises, Inc.                                           | DXP Enterprises, Inc., First Lien Term Loan                                           | CUSIP: 23338DAP1<br>LEI: 8HH9SCFWHN29ZIEWIE93 | Long             | LON              | CORP              | US        |    611448 | PA      | $585589.73    | 0.13%             | 2027-12-16      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| Very Group Funding PLC (The)                                    | Very Group Funding PLC (The)                                                          | CUSIP: BQ7202352<br>LEI: 9845005CC91D50AF8202 | Long             | DBT              | CORP              | GB        |   5493000 | PA      | $4890188.96   | 1.10%             | 2026-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $5355.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirk Beauty One GmbH                                            | Kirk Beauty One GmbH, First Lien Term Loan                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   1234982 | PA      | $1116720.05   | 0.25%             | 2026-04-08      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| HotelBeds                                                       | HotelBeds, First Lien Term Loan                                                       | CUSIP: BL2554998<br>LEI: 213800OWSFFQ8A3HSD42 | Long             | LON              | CORP              | GB        |   5321150 | PA      | $4779286.31   | 1.07%             | 2025-09-12      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Form Technologies LLC                                           | Form Technologies LLC, First Lien Term Loan                                           | CUSIP: 34634FAC3<br>LEI: X7KHAIMGSSPZ1XIJIL51 | Long             | LON              | CORP              | US        |   1128053 | PA      | $933463.48    | 0.21%             | 2025-10-22      | Floating      | 13.70%                | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises                                         | Royal Caribbean Cruises, Term Loan                                                    | CUSIP: 78015EAD0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | LON              | CORP              | LR        |   3562279 | PA      | $3336662.07   | 0.75%             | 2024-04-05      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Sherwood Financing PLC                                          | Sherwood Financing PLC                                                                | CUSIP: BS1022166<br>LEI: 259400SSZWSSPNYW7K08 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2847471.97   | 0.64%             | 2027-11-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Holdings, LLC                                    | Diamond Sports Holdings, LLC, Second Lien Term Loan                                   | CUSIP: 25277BAG3<br>LEI: 5493002K6DHWNZH8YA34 | Long             | LON              | CORP              | US        |   2588776 | PA      | $425543.03    | 0.10%             | 2026-08-24      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| NAC Aviation 8 Ltd.                                             | NAC Aviation 8 Ltd., Term Loan                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |   1713337 | PA      | $1096535.39   | 0.25%             | 2026-12-31      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| McDermott International, Ltd.                                   | McDermott International, Ltd., Term Loan                                              | CUSIP: N/A<br>LEI: 54930004RAXI4B3L4752       | Long             | LON              | CORP              | US        |   4083292 | PA      | $3327883.05   | 0.75%             | 2024-06-30      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| MLN US HoldCo LLC (dba Mitel)                                   | MLN US HoldCo LLC (dba Mitel), First Lien Term Loan                                   | CUSIP: 55292HAL7<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |   1874505 | PA      | $1312153.28   | 0.29%             | 2027-11-01      | Floating      | 13.18%                | Yes           |                  3 | On Loan: No      |
| Libbey Glass LLC                                                | Libbey Glass LLC                                                                      | CUSIP: N/A<br>LEI: A7JTTZYG0P336HI4K290       | Long             | EC               | CORP              | US        |     13797 | NS      | $137970.00    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Keter Group B.V.                                                | Keter Group B.V., First Lien Term Loan                                                | CUSIP: N/A<br>LEI: 549300TACUSUHMY1TC98       | Long             | LON              | CORP              | NL        |   1762664 | PA      | $1380045.63   | 0.31%             | 2023-10-31      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Valeo Foods (Jersey) Ltd.                                       | Valeo Foods (Jersey) Ltd., First Lien Term Loan                                       | CUSIP: N/A<br>LEI: 259400O9OX5WFOBC8C47       | Long             | LON              | CORP              | GB        |   2804719 | PA      | $2742340.75   | 0.61%             | 2028-06-28      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| Nautilus Power, LLC                                             | Nautilus Power, LLC, First Lien Term Loan                                             | CUSIP: 63909UAB9<br>LEI: UU3WE4QD17GA2LF0I609 | Long             | LON              | CORP              | US        |   2302355 | PA      | $1774252.67   | 0.40%             | 2024-05-16      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Crown Finance US, Inc.                                          | Crown Finance US, Inc., First Lien Term Loan                                          | CUSIP: 22834KAC5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    454817 | PA      | $104292.62    | 0.02%             | 2025-02-28      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $199381.65    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Zayo Group, LLC                                                 | Zayo Group, LLC, First Lien Term Loan                                                 | CUSIP: 98919XAE1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   3211371 | PA      | $2526272.92   | 0.57%             | 2027-03-09      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| Tank Holding Corp.                                              | Tank Holding Corp., First Lien Term Loan                                              | CUSIP: 87583FAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5283624 | PA      | $5065674.89   | 1.14%             | 2028-03-31      | Floating      | 9.94%                 | No            |                  2 | On Loan: No      |
| McDermott International, Ltd.                                   | McDermott International, Ltd., Term Loan                                              | CUSIP: N/A<br>LEI: ZAKWBIG8QLOPMZ888610       | Long             | LON              | CORP              | US        |   1801285 | PA      | $1450034.38   | 0.33%             | 2024-06-30      | Floating      | 4.96%                 | No            |                  3 | On Loan: No      |
| Intelsat Jackson Holdings S.A.                                  | Intelsat Jackson Holdings S.A., First Lien Term Loan                                  | CUSIP: N/A<br>LEI: 8XJ8KF85PBKK1TLMFN29       | Long             | LON              | CORP              | LU        |     32886 | PA      | $32886.24     | 0.01%             | 2023-11-27      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Samson Investment Co.                                           | Samson Investment Co., Class A                                                        | CUSIP: 931GSK906<br>LEI: EE5W18H3TVA53PMLNG63 | Long             | EC               | CORP              | US        |    163748 | NS      | $102342.50    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Conceria Pasubio S.p.A.                                         | Conceria Pasubio S.p.A.                                                               | CUSIP: BR4162748<br>LEI: 815600FAD0B0323CB244 | Long             | DBT              | CORP              | IT        |   1346000 | PA      | $1059975.14   | 0.24%             | 2028-09-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Vue International Bidco PLC                                     | Vue International Bidco PLC, First Lien Term Loan                                     | CUSIP: G9420PAC4<br>LEI: 2138002KEV3Y56IJTC64 | Long             | LON              | CORP              | GB        |   2790994 | PA      | $1645784.25   | 0.37%             | 2026-07-03      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Serta Simmons Bedding, LLC                                      | Serta Simmons Bedding, LLC, First Lien Term Loan                                      | CUSIP: 81753HAF8<br>LEI: 549300M4F4V4WFPNI116 | Long             | LON              | CORP              | US        |   1271742 | PA      | $1238676.50   | 0.28%             | 2023-08-10      | Floating      | 10.79%                | Yes           |                  2 | On Loan: No      |
| Southern Energy Partners                                        | Southern Energy Partners                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     72413 | NS      | $543.10       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MKS Instruments, Inc.                                           | MKS Instruments, Inc., First Lien Term Loan                                           | CUSIP: 55314NAS3<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |     58527 | PA      | $57252.76     | 0.01%             | 2029-04-11      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Colorado Buyer Inc.                                             | Colorado Buyer Inc., First Lien Term Loan                                             | CUSIP: 19633FAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      7326 | PA      | $6493.22      | 0.00%             | 2024-05-01      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| McDermott International, Ltd.                                   | McDermott International, Ltd., First Lien Term Loan                                   | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    180158 | PA      | $117102.62    | 0.03%             | 2024-06-30      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Invesco Dynamic Credit Opportunity Fund

**Signature:** Sheri Morris

**Name of Signer:** Sheri Morris

**Title:** President