# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001378872-26-000362
**Filing Date:** 2026-1
**Character Count:** 126554
**Document Hash:** e793fd7d4d8398057fbac0aa64494fd4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001378872-26-000362.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001378872-26-000362

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 26577447

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

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

Schedule of Investments

**Invesco Senior Loan ETF (BKLN)**

November 30, 2025

*(Unaudited)*

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Variable Rate Senior Loan Interests-92.37%**<sup>(a)(b)</sup> <br>|  |  |  |  |
| **Aerospace & Defense-5.30%** |  |  |  |  |
| Amentum Government Services Holdings LLC, Term Loan B (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.17% | 09/29/2031 | $55845 | &nbsp;&nbsp; $56047210 |
| Arxis |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(c)</sup> | &nbsp;&nbsp; 0.00% | 02/26/2032 | 2751 | &nbsp;&nbsp; 2763056 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. SOFR + 2.75%) | &nbsp;&nbsp; 7.08% | 02/26/2032 | 29094 | &nbsp;&nbsp; 29222183 |
| KKR Apple Bidco LLC, Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 09/22/2028 | 58558 | &nbsp;&nbsp; 58883816 |
| Peraton Corp., First Lien Term Loan B (3 mo. SOFR + 3.85%) | &nbsp;&nbsp; 7.69% | 02/01/2028 | 101051 | &nbsp;&nbsp; 88952013 |
| TransDigm, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan J (3 mo. Term SOFR + 3.25%) | &nbsp;&nbsp; 6.50% | 02/28/2031 | 46084 | &nbsp;&nbsp; 46209582 |
| &nbsp;&nbsp;&nbsp; Term Loan K (3 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.25% | 03/22/2030 | 56441 | &nbsp;&nbsp; 56569188 |
|  |  |  |  | &nbsp;&nbsp; 338647048 |
| **Air Transport-0.00%** |  |  |  |  |
| AAdvantage Loyality IP Ltd. (American Airlines, Inc.), Term Loan B (3 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.13% | 04/20/2028 | 77 | &nbsp;&nbsp; 77560 |
| **Automotive-4.33%** |  |  |  |  |
| Belron Group S.A., Term Loan B (3 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.12% | 10/16/2031 | 78675 | &nbsp;&nbsp; 79216280 |
| Mavis Tire Express Services Topco Corp., Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.92% | 05/04/2028 | 66316 | &nbsp;&nbsp; 66568533 |
| Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan (United Kingdom) (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 05/06/2030 | 47336 | &nbsp;&nbsp; 47424612 |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. Term SOFR + 2.75%) | &nbsp;&nbsp; 6.67% | 01/15/2032 | 57972 | &nbsp;&nbsp; 58261782 |
| Wand NewCo 3, Inc., Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 01/30/2031 | 25436 | &nbsp;&nbsp; 25473731 |
|  |  |  |  | &nbsp;&nbsp; 276944938 |
| **Beverage & Tobacco-2.30%** |  |  |  |  |
| AI Aqua Merger Sub, Inc., Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.98% | 07/31/2028 | 89209 | &nbsp;&nbsp; 89552534 |
| Triton Water Holdings, Inc., Term Loan B (3 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.25% | 03/31/2028 | 57130 | &nbsp;&nbsp; 57312147 |
|  |  |  |  | &nbsp;&nbsp; 146864681 |
| **Brokers, Dealers & Investment Houses-1.69%** |  |  |  |  |
| Ascensus Group Holdings, Inc., Term Loan B (3 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.95% | 08/02/2028 | 48479 | &nbsp;&nbsp; 48498402 |
| Creative Planning (CPI Holdco B LLC), Term Loan B (1 mo. SOFR + 2.00%) | &nbsp;&nbsp; 5.92% | 05/17/2031 | 59385 | &nbsp;&nbsp; 59480182 |
|  |  |  |  | &nbsp;&nbsp; 107978584 |
| **Building & Development-3.27%** |  |  |  |  |
| Chariot Buyer LLC, Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.92% | 07/22/2032 | 59718 | &nbsp;&nbsp; 59932877 |
| Cornerstone Building Brands, Inc., Term Loan B (1 mo. SOFR + 3.35%) | &nbsp;&nbsp; 7.31% | 04/12/2028 | 12912 | &nbsp;&nbsp; 10347915 |
| Quikrete Holdings, Inc., Term Loan B (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.17% | 02/15/2032 | 68626 | &nbsp;&nbsp; 68788685 |
| White Cap Buyer LLC, Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.21% | 10/19/2029 | 69994 | &nbsp;&nbsp; 70281628 |
|  |  |  |  | &nbsp;&nbsp; 209351105 |
| **Business Equipment & Services-7.71%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC (USAGM Holdco LLC/UNSEAM), Term Loan B (1 mo. SOFR + <br> 3.35%)<br>| &nbsp;&nbsp; 7.17% | 08/06/2032 | 58509 | &nbsp;&nbsp; 58817497 |
| Asurion LLC (Asurion Corp.), Second Lien Term Loan B-4 (1 mo. SOFR + 5.36%) | &nbsp;&nbsp; 9.68% | 01/20/2029 | 52581 | &nbsp;&nbsp; 49418942 |
| Boost Newco Borrower LLC (WorldPay), Term Loan B (3 mo. SOFR + 2.00%) | &nbsp;&nbsp; 6.00% | 01/31/2031 | 66931 | &nbsp;&nbsp; 67148584 |
| Cloud Software Group, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.25% | 08/09/2032 | 55537 | &nbsp;&nbsp; 55478856 |
| &nbsp;&nbsp;&nbsp; Term Loan B-2 (3 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.25% | 03/21/2031 | 54424 | &nbsp;&nbsp; 54351185 |
| Corpay Technologies Operating Co. LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. SOFR + 1.75%) | &nbsp;&nbsp; 5.67% | 04/28/2028 | 53689 | &nbsp;&nbsp; 53755702 |
| &nbsp;&nbsp;&nbsp; Term Loan B<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | 10/01/2032 | 2511 | &nbsp;&nbsp; 2510322 |
| Mitchell International, Inc., Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.17% | 06/17/2031 | 50497 | &nbsp;&nbsp; 50688694 |
| Nuvei Tech Corp, Pivotal Refi L.P., Nuvei Tech, Inc., Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 11/17/2031 | 37370 | &nbsp;&nbsp; 37457709 |
| Solera (Polaris Newco LLC), First Lien Term Loan (3 mo. SOFR + 4.26%) | &nbsp;&nbsp; 8.10% | 06/02/2028 | 67077 | &nbsp;&nbsp; 63467976 |
|  |  |  |  | &nbsp;&nbsp; 493095467 |
| **Cable & Satellite Television-1.55%** |  |  |  |  |
| CSC Holdings LLC, Term Loan (3 mo. PRIME + 1.50%) | &nbsp;&nbsp; 8.25% | 04/15/2027 | 47336 | &nbsp;&nbsp; 42262315 |
| SFR-Numericable (YPSO, Altice France), Term Loan B (France) (3 mo. SOFR + 6.88%) | 10.86% | 05/31/2031 | 52626 | &nbsp;&nbsp; 52850619 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Cable & Satellite Television-(continued)** |  |  |  |  |
| Virgin Media 02 - LG |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan N (United Kingdom) (1 mo. SOFR + 2.61%) | &nbsp;&nbsp; 6.57% | 01/31/2028 | $158 | &nbsp;&nbsp; $157736 |
| &nbsp;&nbsp;&nbsp; Term Loan Y (United Kingdom) (6 mo. SOFR + 3.28%) | &nbsp;&nbsp; 7.05% | 03/31/2031 | 1000 | &nbsp;&nbsp; 983125 |
| Ziggo Vodafone - LG (Lib Global/B.V.), Term Loan I (6 mo. SOFR + 2.93%) | &nbsp;&nbsp; 6.71% | 04/30/2028 | 2784 | &nbsp;&nbsp; 2786757 |
|  |  |  |  | &nbsp;&nbsp; 99040552 |
| **Chemicals & Plastics-1.62%** |  |  |  |  |
| Nouryon Finance B.V., Term Loan B-1 (6 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.04% | 04/03/2028 | 54154 | &nbsp;&nbsp; 54124085 |
| Univar, Inc., Term Loan B (1 mo. SOFR + 2.75%) | &nbsp;&nbsp; 6.67% | 08/01/2030 | 49573 | &nbsp;&nbsp; 49689242 |
|  |  |  |  | &nbsp;&nbsp; 103813327 |
| **Clothing & Textiles-1.11%** |  |  |  |  |
| ABG Intermediate Holdings 2 LLC, Term Loan B (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.17% | 12/21/2028 | 70570 | &nbsp;&nbsp; 70794592 |
| **Containers & Glass Products-0.75%** |  |  |  |  |
| Flex Acquisition Co., Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(c)</sup> | &nbsp;&nbsp; 0.00% | 04/30/2032 | 816 | &nbsp;&nbsp; 812106 |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.17% | 04/30/2032 | 47240 | &nbsp;&nbsp; 47008732 |
|  |  |  |  | &nbsp;&nbsp; 47820838 |
| **Drugs-0.85%** |  |  |  |  |
| Phoenix Guarantor, Inc. (BrightSpring Health Services), Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 02/21/2031 | 5244 | &nbsp;&nbsp; 5274839 |
| Valeant Pharmaceuticals International, Inc., Term Loan B (1 mo. SOFR + 6.25%) | 10.17% | 10/08/2030 | 49855 | &nbsp;&nbsp; 49368914 |
|  |  |  |  | &nbsp;&nbsp; 54643753 |
| **Electronics & Electrical-16.20%** |  |  |  |  |
| Boxer Parent Co., Inc., Term Loan (3 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.82% | 07/30/2031 | 78826 | &nbsp;&nbsp; 78605696 |
| Central Parent LLC, Term Loan (3 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.25% | 07/06/2029 | 66494 | &nbsp;&nbsp; 55501367 |
| CoreLogic, Inc., First Lien Term Loan (1 mo. SOFR + 3.61%) | &nbsp;&nbsp; 7.53% | 06/02/2028 | 55354 | &nbsp;&nbsp; 55449004 |
| Dayforce, Inc., Term Loan B<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | 10/07/2032 | 45165 | &nbsp;&nbsp; 45098177 |
| Epicor Software Corp., Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 05/30/2031 | 57092 | &nbsp;&nbsp; 57325719 |
| Finastra USA, Inc., Term Loan B (3 mo. SOFR + 4.00%) | &nbsp;&nbsp; 8.04% | 07/30/2032 | 49000 | &nbsp;&nbsp; 48212570 |
| Gen Digital, Inc. (NortonLifeLock, Inc.), Term Loan A (1 mo. SOFR + 1.48%) | &nbsp;&nbsp; 5.39% | 09/10/2027 | 58402 | &nbsp;&nbsp; 58464991 |
| Kaseya, Inc., Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.92% | 03/20/2032 | 58110 | &nbsp;&nbsp; 58260329 |
| McAfee LLC, Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.92% | 03/01/2029 | 93160 | &nbsp;&nbsp; 86447541 |
| Modena Buyer LLC (End User Computing), Term Loan (3 mo. SOFR + 4.25%) | &nbsp;&nbsp; 8.09% | 07/01/2031 | 27999 | &nbsp;&nbsp; 27508816 |
| Project Alpha Intermediate Holding, Inc., Term Loan B (3 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.25% | 10/28/2030 | 64367 | &nbsp;&nbsp; 64387285 |
| Proofpoint, Inc., Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.92% | 08/31/2028 | 84187 | &nbsp;&nbsp; 84713412 |
| RealPage, Inc., First Lien Term Loan (3 mo. SOFR + 3.26%) | &nbsp;&nbsp; 7.26% | 04/24/2028 | 60287 | &nbsp;&nbsp; 60294020 |
| Rocket Software, Inc., Term Loan B (1 mo. SOFR + 3.75%) | &nbsp;&nbsp; 7.67% | 11/28/2028 | 50011 | &nbsp;&nbsp; 49930331 |
| SS&C Technologies Holdings, Inc., Term Loan B-8 (1 mo. SOFR + 2.00%) | &nbsp;&nbsp; 5.92% | 05/09/2031 | 69623 | &nbsp;&nbsp; 69978111 |
| Ultimate Software Group, Inc., First Lien Term Loan (3 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.93% | 02/10/2031 | 115124 | &nbsp;&nbsp; 115206021 |
| Veeam Software (VS Buyer LLC), Term Loan B (3 mo. Term SOFR + 2.25%)<sup>(e)</sup> | &nbsp;&nbsp; 6.09% | 04/12/2031 | 20000 | &nbsp;&nbsp; 19987500 |
|  |  |  |  | &nbsp;&nbsp; 1035370890 |
| **Financial Intermediaries-6.20%** |  |  |  |  |
| Advisor Group, Inc., Term Loan B (1 mo. SOFR + 3.00%) | &nbsp;&nbsp; 6.92% | 07/16/2032 | 40000 | &nbsp;&nbsp; 40126800 |
| Apex Group Treasury Ltd., Term Loan B (3 mo. SOFR + 3.50%) | &nbsp;&nbsp; 7.39% | 02/27/2032 | 53451 | &nbsp;&nbsp; 48239260 |
| BroadStreet Partners, Inc., Term Loan B (1 mo. SOFR + 2.75%) | &nbsp;&nbsp; 6.67% | 06/13/2031 | 69991 | &nbsp;&nbsp; 70268045 |
| Citadel Securities L.P., Term Loan B (1 mo. SOFR + 2.00%) | &nbsp;&nbsp; 5.92% | 10/31/2031 | 70173 | &nbsp;&nbsp; 70512361 |
| Focus Financial Partners LLC, Term Loan B-8 (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 09/15/2031 | 66060 | &nbsp;&nbsp; 66134765 |
| Jane Street Group LLC, Term Loan B (3 mo. SOFR + 2.00%) | &nbsp;&nbsp; 5.82% | 12/31/2031 | 69492 | &nbsp;&nbsp; 68894102 |
| Nexus Buyer LLC, Term Loan B (1 mo. SOFR + 3.50%) | &nbsp;&nbsp; 7.42% | 07/31/2031 | 32352 | &nbsp;&nbsp; 32017631 |
|  |  |  |  | &nbsp;&nbsp; 396192964 |
| **Food Products-0.76%** |  |  |  |  |
| Froneri, Term Loan B (United Kingdom) (6 mo. SOFR + 2.00%) | &nbsp;&nbsp; 6.20% | 09/17/2031 | 48812 | &nbsp;&nbsp; 48675786 |
| **Food Service-3.36%** |  |  |  |  |
| BCPE Empire Holdings, Inc. (ImperialDade), Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.17% | 12/11/2030 | 43799 | &nbsp;&nbsp; 43819673 |
| IRB Holding Corp., Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 12/15/2030 | 73545 | &nbsp;&nbsp; 73643614 |
| New Red Finance, Inc., Term Loan B-6 (1 mo. SOFR + 1.75%) | &nbsp;&nbsp; 5.67% | 09/20/2030 | 47932 | &nbsp;&nbsp; 47943559 |
| Whatabrands LLC, Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 08/03/2028 | 49408 | &nbsp;&nbsp; 49576100 |
|  |  |  |  | &nbsp;&nbsp; 214982946 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Health Care-11.37%** |  |  |  |  |
| athenahealth Group, Inc., Term Loan (1 mo. SOFR + 2.75%) | 6.67% | 02/15/2029 | $101599 | &nbsp;&nbsp; $101589237 |
| Ensemble Health Partners, Term Loan B (3 mo. SOFR + 3.00%) | 6.84% | 08/03/2029 | 58783 | &nbsp;&nbsp; 59142128 |
| Gainwell Acquisition Corp., First Lien Term Loan B (3 mo. SOFR + 4.10%) | 8.10% | 10/01/2027 | 71864 | &nbsp;&nbsp; 71272988 |
| Global Medical Response, Inc., Term Loan B (3 mo. SOFR + 3.50%) | 7.38% | 09/13/2032 | 64953 | &nbsp;&nbsp; 65367769 |
| Mozart Debt Merger Sub, Inc. (Medline Industries) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan (1 mo. SOFR + 2.00%) | 5.92% | 11/23/2028 | 93339 | &nbsp;&nbsp; 93565244 |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. SOFR + 2.00%) | 5.92% | 10/23/2030 | 11914 | &nbsp;&nbsp; 11942932 |
| Opella, Term Loan (France) (3 mo. SOFR + 3.00%) | 6.90% | 04/28/2032 | 59247 | &nbsp;&nbsp; 59709902 |
| PAREXEL International Corp., Term Loan B (1 mo. SOFR + 2.50%) | 6.81% | 11/15/2028 | 54223 | &nbsp;&nbsp; 54514893 |
| R1 RCM, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan B<sup>(c)</sup> | 0.00% | 10/24/2031 | 3191 | &nbsp;&nbsp; 3203242 |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. SOFR + 3.00%) | 6.92% | 10/24/2031 | 44451 | &nbsp;&nbsp; 44621155 |
| Southern Veterinary Partners LLC, Term Loan B (3 mo. SOFR + 2.50%) | 6.37% | 12/04/2031 | 54663 | &nbsp;&nbsp; 54651260 |
| Syneos Health, Inc., Term Loan (3 mo. SOFR + 4.00%) | 8.00% | 09/27/2030 | 35864 | &nbsp;&nbsp; 35952509 |
| Verscend Holding Corp., Term Loan B (1 mo. SOFR + 2.75%) | 6.73% | 05/01/2031 | 73862 | &nbsp;&nbsp; 71184716 |
|  |  |  |  | &nbsp;&nbsp; 726717975 |
| **Home Furnishings-0.84%** |  |  |  |  |
| Hunter Douglas Holding B.V., Term Loan B-1 (Netherlands) (3 mo. SOFR + 3.25%) | 7.25% | 01/14/2032 | 53280 | &nbsp;&nbsp; 53526202 |
| **Industrial Equipment-1.17%** |  |  |  |  |
| MKS Instruments, Inc., Term Loan B (1 mo. SOFR + 2.00%) | 5.92% | 08/17/2029 | 9089 | &nbsp;&nbsp; 9134423 |
| &nbsp;&nbsp;&nbsp; Thyssenkrupp Elevators (Vertical Midco GmbH), Term Loan B (Germany) (6 mo. SOFR + <br> 3.00%)<br>| 7.20% | 04/30/2030 | 65002 | &nbsp;&nbsp; 65462520 |
|  |  |  |  | &nbsp;&nbsp; 74596943 |
| **Insurance-7.41%** |  |  |  |  |
| Acrisure LLC/Acrisure Finance, Inc., Term Loan B (1 mo. SOFR + 3.00%) | 6.92% | 11/06/2030 | 61713 | &nbsp;&nbsp; 61758183 |
| Alera Group, Inc., Term Loan B (1 mo. SOFR + 3.25%) | 7.17% | 05/21/2032 | 55181 | &nbsp;&nbsp; 55478843 |
| Alliant Holdings Intermediate LLC, Term Loan B (1 mo. SOFR + 2.50%) | 6.42% | 09/19/2031 | 58679 | &nbsp;&nbsp; 58761464 |
| AmWINS Group LLC, Term Loan B (3 mo. SOFR + 2.25%) | 6.25% | 01/23/2032 | 80453 | &nbsp;&nbsp; 80737569 |
| HUB International Ltd., Term Loan B (3 mo. SOFR + 2.25%) | 6.12% | 06/20/2030 | 60710 | &nbsp;&nbsp; 61006882 |
| Hyperion Insurance Group Ltd., Term Loan B (United Kingdom) (1 mo. SOFR + 2.75%) | 6.67% | 02/15/2031 | 57405 | &nbsp;&nbsp; 57551442 |
| Sedgwick Claims Management Services, Inc., Term Loan (1 mo. SOFR + 2.50%) | 6.42% | 07/31/2031 | 98004 | &nbsp;&nbsp; 98286223 |
|  |  |  |  | &nbsp;&nbsp; 473580606 |
| **Leisure Goods, Activities & Movies-1.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alpha Topco Ltd. (Delta 2 (Lux) S.a.r.l.), Term Loan B-1 (United Kingdom) (3 mo. SOFR + <br> 2.00%)<br>| 6.00% | 09/10/2031 | 5106 | &nbsp;&nbsp; 5118467 |
| UFC Holdings, LLC, Term Loan B (3 mo. SOFR + 2.00%) | 5.87% | 11/21/2031 | 68381 | &nbsp;&nbsp; 68679013 |
| William Morris Endeavor Entertainment LLC, Term Loan C (1 mo. SOFR + 3.00%) | 6.92% | 01/27/2032 | 53136 | &nbsp;&nbsp; 53448411 |
|  |  |  |  | &nbsp;&nbsp; 127245891 |
| **Lodging & Casinos-3.66%** |  |  |  |  |
| Caesars Entertainment, Inc., Term Loan (1 mo. SOFR + 2.25%) | 6.17% | 02/06/2031 | 47312 | &nbsp;&nbsp; 46907750 |
| Fertitta Entertainment LLC (Golden Nugget), Term Loan (1 mo. SOFR + 3.25%) | 7.17% | 01/27/2029 | 62273 | &nbsp;&nbsp; 62271384 |
| Flutter Financing B.V. (Stars Group), Term Loan B (3 mo. SOFR + 1.75%) | 5.75% | 11/25/2030 | 71043 | &nbsp;&nbsp; 70910346 |
| Hilton Worldwide Finance LLC, Term Loan B-4 (1 mo. SOFR + 1.75%) | 5.70% | 11/08/2030 | 53743 | &nbsp;&nbsp; 54017871 |
|  |  |  |  | &nbsp;&nbsp; 234107351 |
| **Oil & Gas-0.49%** |  |  |  |  |
| Colonial Pipeline, Term Loan B (1 mo. SOFR + 1.75%) | 5.87% | 06/11/2032 | 31203 | &nbsp;&nbsp; 31120477 |
| **Publishing-1.76%** |  |  |  |  |
| Micro Holding L.P., First Lien Incremental Term Loan (3 mo. SOFR + 4.25%) | 8.25% | 05/03/2028 | 60439 | &nbsp;&nbsp; 54793134 |
| Nielsen Finance LLC, First Lien Term Loan B (3 mo. SOFR + 5.10%) | 9.01% | 04/11/2029 | 59088 | &nbsp;&nbsp; 57832593 |
|  |  |  |  | &nbsp;&nbsp; 112625727 |
| **Rail Industries-0.64%** |  |  |  |  |
| Genesee & Wyoming, Inc., Term Loan (3 mo. SOFR + 1.75%) | 5.75% | 04/10/2031 | 40668 | &nbsp;&nbsp; 40647373 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Retailers (except Food & Drug)-2.10%** |  |  |  |  |
| Bass Pro Group LLC, Term Loan B (1 mo. SOFR + 3.25%) | &nbsp;&nbsp; 7.17% | 01/31/2032 | $83555 | &nbsp;&nbsp; $83893601 |
| Harbor Freight Tools USA, Inc., Term Loan B (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.17% | 06/11/2031 | 51029 | &nbsp;&nbsp; 50321446 |
|  |  |  |  | &nbsp;&nbsp; 134215047 |
| **Telecommunications-2.92%** |  |  |  |  |
| Genesys Cloud Services Holdings I LLC, Term Loan B (1 mo. SOFR + 2.50%) | &nbsp;&nbsp; 6.42% | 01/26/2032 | 71846 | &nbsp;&nbsp; 70895473 |
| Radiate Holdco LLC, Term Loan<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | 09/25/2029 | 1000 | &nbsp;&nbsp; 736250 |
| X Corp., Term Loan B (6 mo. SOFR + 6.75%) | 10.45% | 10/27/2029 | 116447 | &nbsp;&nbsp; 113579135 |
| Zayo Group Holdings, Inc., Term Loan (1 mo. SOFR + 3.61%) | &nbsp;&nbsp; 7.53% | 03/11/2030 | 1662 | &nbsp;&nbsp; 1580918 |
|  |  |  |  | &nbsp;&nbsp; 186791776 |
| **Utilities-1.02%** |  |  |  |  |
| Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. SOFR + 2.25%) | &nbsp;&nbsp; 6.23% | 01/27/2031 | 64842 | &nbsp;&nbsp; 64993745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br>(Cost $5,898,692,811) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br>(Cost $5,898,692,811) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br>(Cost $5,898,692,811) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br>(Cost $5,898,692,811) | &nbsp;&nbsp; 5904464144 |
| **U.S. Dollar Denominated Bonds & Notes-5.25%** |  |  |  |  |
| **Aerospace & Defense-0.47%** |  |  |  |  |
| Neptune Bidco US, Inc.<sup>(f)</sup> | 10.38% | 05/15/2031 | 5000 | &nbsp;&nbsp; 5058309 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.75% | 08/15/2028 | 8000 | &nbsp;&nbsp; 8173560 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.38% | 03/01/2029 | 2000 | &nbsp;&nbsp; 2062434 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.88% | 12/15/2030 | 3000 | &nbsp;&nbsp; 3129792 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.63% | 03/01/2032 | 4000 | &nbsp;&nbsp; 4162492 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.00% | 01/15/2033 | 5000 | &nbsp;&nbsp; 5116695 |
| TransDigm, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.25% | 01/31/2034 | 2000 | &nbsp;&nbsp; 2075078 |
|  |  |  |  | &nbsp;&nbsp; 29778360 |
| **Automobile Components-0.09%** |  |  |  |  |
| Belron UK Finance PLC (United Kingdom)<sup>(f)</sup> | &nbsp;&nbsp; 5.75% | 10/15/2029 | 3000 | &nbsp;&nbsp; 3052923 |
| Clarios Global L.P./Clarios US Finance Co.<sup>(f)</sup> | &nbsp;&nbsp; 6.75% | 02/15/2030 | 2430 | &nbsp;&nbsp; 2527808 |
|  |  |  |  | &nbsp;&nbsp; 5580731 |
| **Building Products-0.06%** |  |  |  |  |
| Cornerstone Building Brands, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 9.50% | 08/15/2029 | 5000 | &nbsp;&nbsp; 4019207 |
| **Capital Markets-0.49%** |  |  |  |  |
| Aretec Group, Inc.<sup>(f)</sup> | 10.00% | 08/15/2030 | 6300 | &nbsp;&nbsp; 6843715 |
| Boost Newco Borrower LLC<sup>(f)</sup> | &nbsp;&nbsp; 7.50% | 01/15/2031 | 22618 | &nbsp;&nbsp; 24036714 |
| Osaic Holdings, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.75% | 08/01/2032 | 500 | &nbsp;&nbsp; 519272 |
|  |  |  |  | &nbsp;&nbsp; 31399701 |
| **Commercial Services & Supplies-0.52%** |  |  |  |  |
| Allied Universal Holdco LLC<sup>(f)</sup> | &nbsp;&nbsp; 7.88% | 02/15/2031 | 17597 | &nbsp;&nbsp; 18541554 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(f)</sup> | &nbsp;&nbsp; 6.88% | 06/15/2030 | 2406 | &nbsp;&nbsp; 2488920 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.<sup>(f)</sup> | &nbsp;&nbsp; 4.63% | 06/01/2028 | 4300 | &nbsp;&nbsp; 4226722 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.<sup>(f)</sup> | &nbsp;&nbsp; 4.63% | 06/01/2028 | 5000 | &nbsp;&nbsp; 4911938 |
| Raven Acquisition Holdings LLC<sup>(f)</sup> | &nbsp;&nbsp; 6.88% | 11/15/2031 | 3145 | &nbsp;&nbsp; 3240897 |
|  |  |  |  | &nbsp;&nbsp; 33410031 |
| **Construction Materials-0.07%** |  |  |  |  |
| Camelot Return Merger Sub, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 8.75% | 08/01/2028 | 4100 | &nbsp;&nbsp; 3431947 |
| Quikrete Holdings, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.38% | 03/01/2032 | 810 | &nbsp;&nbsp; 841768 |
|  |  |  |  | &nbsp;&nbsp; 4273715 |
| **Containers & Packaging-0.09%** |  |  |  |  |
| Clydesdale Acquisition Holdings, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.88% | 01/15/2030 | 5000 | &nbsp;&nbsp; 5082800 |
| Clydesdale Acquisition Holdings, Inc.<sup>(f)</sup> | &nbsp;&nbsp; 6.75% | 04/15/2032 | 738 | &nbsp;&nbsp; 745276 |
|  |  |  |  | &nbsp;&nbsp; 5828076 |
| **Diversified Telecommunication Services-0.07%** |  |  |  |  |
| Altice France S.A. (France)<sup>(f)</sup> | &nbsp;&nbsp; 6.88% | 07/15/2032 | 2002 | &nbsp;&nbsp; 1953644 |
| Zayo Group Holdings, Inc. , 0.50% PIK Rate, 5.75% Cash Rate<sup>(f)(g)</sup> | &nbsp;&nbsp; 0.50% | 03/09/2030 | 2568 | &nbsp;&nbsp; 2368829 |
|  |  |  |  | &nbsp;&nbsp; 4322473 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Financial Services-0.59%** |  |  |  |  |
| Focus Financial Partners LLC<sup>(f)</sup> | 6.75% | 09/15/2031 | $11132 | &nbsp;&nbsp; $11510365 |
| Jane Street Group/JSG Finance, Inc.<sup>(f)</sup> | 4.50% | 11/15/2029 | 500 | &nbsp;&nbsp; 492553 |
| Jane Street Group/JSG Finance, Inc.<sup>(f)</sup> | 7.13% | 04/30/2031 | 15000 | &nbsp;&nbsp; 15813495 |
| Jane Street Group/JSG Finance, Inc.<sup>(f)</sup> | 6.13% | 11/01/2032 | 7000 | &nbsp;&nbsp; 7127022 |
| Jane Street Group/JSG Finance, Inc.<sup>(f)</sup> | 6.75% | 05/01/2033 | 2500 | &nbsp;&nbsp; 2616760 |
|  |  |  |  | &nbsp;&nbsp; 37560195 |
| **Ground Transportation-0.08%** |  |  |  |  |
| Genesee & Wyoming, Inc.<sup>(f)</sup> | 6.25% | 04/15/2032 | 5000 | &nbsp;&nbsp; 5147615 |
| **Health Care Equipment & Supplies-0.48%** |  |  |  |  |
| Medline Borrower L.P.<sup>(f)</sup> | 3.88% | 04/01/2029 | 22100 | &nbsp;&nbsp; 21470380 |
| Medline Borrower L.P./Medline Co-Issuer, Inc.<sup>(f)</sup> | 6.25% | 04/01/2029 | 9000 | &nbsp;&nbsp; 9320130 |
|  |  |  |  | &nbsp;&nbsp; 30790510 |
| **Health Care Providers & Services-0.03%** |  |  |  |  |
| Star Parent, Inc.<sup>(f)</sup> | 9.00% | 10/01/2030 | 1600 | &nbsp;&nbsp; 1716720 |
| **Hotels, Restaurants & Leisure-0.53%** |  |  |  |  |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 3.88% | 01/15/2028 | 15000 | &nbsp;&nbsp; 14835597 |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 3.50% | 02/15/2029 | 1000 | &nbsp;&nbsp; 966723 |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 6.13% | 06/15/2029 | 9000 | &nbsp;&nbsp; 9290862 |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 5.63% | 09/15/2029 | 3000 | &nbsp;&nbsp; 3060798 |
| 1011778 BC ULC/New Red Finance, Inc. (Canada)<sup>(f)</sup> | 4.00% | 10/15/2030 | 3000 | &nbsp;&nbsp; 2861495 |
| Caesars Entertainment, Inc.<sup>(f)</sup> | 7.00% | 02/15/2030 | 2000 | &nbsp;&nbsp; 2071716 |
| Caesars Entertainment, Inc.<sup>(f)</sup> | 6.50% | 02/15/2032 | 859 | &nbsp;&nbsp; 874309 |
|  |  |  |  | &nbsp;&nbsp; 33961500 |
| **Insurance-0.75%** |  |  |  |  |
| Acrisure LLC/Acrisure Finance, Inc.<sup>(f)</sup> | 4.25% | 02/15/2029 | 3282 | &nbsp;&nbsp; 3190595 |
| Acrisure LLC/Acrisure Finance, Inc.<sup>(f)</sup> | 7.50% | 11/06/2030 | 12833 | &nbsp;&nbsp; 13335951 |
| Acrisure LLC/Acrisure Finance, Inc.<sup>(f)</sup> | 6.75% | 07/01/2032 | 685 | &nbsp;&nbsp; 702196 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(f)</sup> | 6.75% | 04/15/2028 | 1500 | &nbsp;&nbsp; 1528591 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(f)</sup> | 7.00% | 01/15/2031 | 2500 | &nbsp;&nbsp; 2599812 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(f)</sup> | 6.50% | 10/01/2031 | 4811 | &nbsp;&nbsp; 4955162 |
| AmWINS Group, Inc.<sup>(f)</sup> | 6.38% | 02/15/2029 | 1580 | &nbsp;&nbsp; 1624643 |
| HUB International Ltd.<sup>(f)</sup> | 7.25% | 06/15/2030 | 18900 | &nbsp;&nbsp; 19819485 |
|  |  |  |  | &nbsp;&nbsp; 47756435 |
| **Machinery-0.16%** |  |  |  |  |
| TK Elevator U.S. Newco, Inc. (Germany)<sup>(f)</sup> | 5.25% | 07/15/2027 | 10200 | &nbsp;&nbsp; 10252171 |
| **Media-0.02%** |  |  |  |  |
| CSC Holdings LLC<sup>(f)</sup> | 6.50% | 02/01/2029 | 2000 | &nbsp;&nbsp; 1257792 |
| **Personal Care Products-0.10%** |  |  |  |  |
| Opal Bidco SAS (France), (Acquired 03/31/2025; Cost $6,225,000)<sup>(f)(h)</sup> | 6.50% | 03/31/2032 | 6225 | &nbsp;&nbsp; 6422214 |
| **Professional Services-0.14%** |  |  |  |  |
| CoreLogic, Inc.<sup>(f)</sup> | 4.50% | 05/01/2028 | 9100 | &nbsp;&nbsp; 8891869 |
| **Software-0.38%** |  |  |  |  |
| Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.<sup>(f)</sup> | 8.00% | 06/15/2029 | 1500 | &nbsp;&nbsp; 1280163 |
| Central Parent, Inc./CDK Global, Inc.<sup>(f)</sup> | 7.25% | 06/15/2029 | 2500 | &nbsp;&nbsp; 2076625 |
| Cloud Software Group, Inc.<sup>(f)</sup> | 9.00% | 09/30/2029 | 7750 | &nbsp;&nbsp; 8002363 |
| Cloud Software Group, Inc.<sup>(f)</sup> | 8.25% | 06/30/2032 | 5658 | &nbsp;&nbsp; 5970367 |
| Cloud Software Group, Inc.<sup>(f)</sup> | 6.63% | 08/15/2033 | 1383 | &nbsp;&nbsp; 1381879 |
| SS&C Technologies, Inc.<sup>(f)</sup> | 6.50% | 06/01/2032 | 5500 | &nbsp;&nbsp; 5729603 |
|  |  |  |  | &nbsp;&nbsp; 24441000 |
| **Specialty Retail-0.13%** |  |  |  |  |
| Wand NewCo 3, Inc.<sup>(f)</sup> | 7.63% | 01/30/2032 | 8231 | &nbsp;&nbsp; 8680437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $329,251,199) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $329,251,199) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $329,251,199) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br>(Cost $329,251,199) | &nbsp;&nbsp; 335490752 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-0.11%** |  |  |
| **Diversified Telecommunication Services-0.11%** |  |  |
| &nbsp;&nbsp;&nbsp; Altice France S.A.<sup>(i)</sup> <br>(Cost $6,400,658)<br>| 366864 | &nbsp;&nbsp; $6708554 |
| **Money Market Funds-6.91%** |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Premier U.S. Government Money Portfolio, Institutional Class, 3.90%<sup>(j)(k)</sup> <br>(Cost $441,956,671)<br>| 441956671 | &nbsp;&nbsp; 441956671 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-104.64% <br>(Cost $6,676,301,339) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-104.64% <br>(Cost $6,676,301,339) | &nbsp;&nbsp; 6688620121 |
| OTHER ASSETS LESS LIABILITIES-(4.64)% | OTHER ASSETS LESS LIABILITIES-(4.64)% | &nbsp;&nbsp; (296719340)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $6391900781 |

---

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

Investment Abbreviations: <br> PIK -Pay-in-Kind <br> SOFR -Secured Overnight Financing Rate

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which <br> borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity <br> may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average <br> life of three to five years.<br>|
| <sup>(b)</sup> | Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the "1933 Act") and <br> may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund's portfolio generally have variable rates which adjust <br> to a base, such as the Secured Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not greater than one year, and/or have interest <br> rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank.<br>|
| <sup>(c)</sup> | All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding.  |
| <sup>(d)</sup> | This variable rate interest will settle after November 30, 2025, at which time the interest rate will be determined. |
| <sup>(e)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <sup>(f)</sup> | Security purchased or received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from <br> registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2025 was $335,490,752, <br> which represented 5.25% of the Fund's Net Assets.<br>|
| <sup>(g)</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>(h)</sup> | Restricted security. The value of this security at November 30, 2025 represented less than 1% of the Fund's Net Assets. |
| <sup>(i)</sup> | Non-income producing security. |
| <sup>(j)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the three months ended November 30, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**November 30, 2025**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Premier <br> U.S. Government <br> Money Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $608883473 | &nbsp;&nbsp;&nbsp; $1123366232 | &nbsp;&nbsp;&nbsp; $(1290293034)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $441956671 | &nbsp;&nbsp;&nbsp; $3245714 |

---

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

<sup>(k)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2025.

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

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

------

**Notes to Quarterly Schedule of Portfolio Holdings**

November 30, 2025

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

Level 1 — Prices are determined using quoted prices in an active market for identical assets.

Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Capital Management LLC's assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of November 30, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Variable Rate Senior Loan Interests | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5884476644 | &nbsp;&nbsp;&nbsp; $19987500 | &nbsp;&nbsp;&nbsp; $5904464144 |
| &nbsp;&nbsp;&nbsp; U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 335490752 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 335490752 |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 6708554 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 6708554 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 441956671 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 441956671 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $441956671 | &nbsp;&nbsp;&nbsp; $6226675950 | &nbsp;&nbsp;&nbsp; $19987500 | &nbsp;&nbsp;&nbsp; $6688620121 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $6814491254.48

**Total Liabilities:** $422590473.44

**Net Assets:** $6391900781.04

**Delayed Delivery Securities:** $374965850.16

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -15.79740607 | **1-Year:** -355.80126516 | **5-Year:** -3736.21812236 | **10-Year:** -107.28144154 | **30-Year:** 0.00000000

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

- **3-Month:** -264.49369012 | **1-Year:** -18589.78027334 | **5-Year:** -52391.19992398 | **10-Year:** -7631.93392763 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000096299 | 0.64%                | 0.39%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $368188.50               | $-2085696.44                               |
| Month 2  | $1923597.79              | $-20984745.55                              |
| Month 3  | $44525.55                | $-5495655.08                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Invesco Premier U.S. Government Money Portfolio                                   | Invesco Premier U.S. Government Money Portfolio, Institutional Class              | CUSIP: 00142W843<br>LEI: 549300TCMEM5428K3T88 | Long             | STIV             | RF                | US        | 441956671 | NS      | $441956671.32 | 6.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC Holdings, LLC                                                                 | CSC Holdings, LLC                                                                 | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1257791.80   | 0.02%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                             | 1011778 BC ULC / New Red Finance Inc.                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $14835595.50  | 0.23%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                 | CSC Holdings, LLC, Term Loan                                                      | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |  47336027 | PA      | $42262314.50  | 0.66%             | 2027-04-15      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Virgin Media 02 - LG                                                              | Virgin Media 02 - LG, Term Loan N                                                 | CUSIP: G9368PBC7<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    157589 | PA      | $157735.93    | 0.00%             | 2028-01-31      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Ziggo Vodafone - LG                                                               | Ziggo Vodafone - LG, Term Loan I                                                  | CUSIP: N9833RAJ8<br>LEI: 213800TQASLF9JXH5J59 | Long             | LON              | CORP              | US        |   2783862 | PA      | $2786757.15   | 0.04%             | 2028-04-30      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| TK Elevator U.S. Newco, Inc.                                                      | TK Elevator U.S. Newco, Inc.                                                      | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |  10200000 | PA      | $10252171.27  | 0.16%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                                                        | Gainwell Acquisition Corp., First Lien Term Loan B                                | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  71864432 | PA      | $71272988.19  | 1.12%             | 2027-10-01      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                             | 1011778 BC ULC / New Red Finance Inc.                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2861495.40   | 0.04%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                             | 1011778 BC ULC / New Red Finance Inc.                                             | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $966722.50    | 0.02%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance Inc.                                              | Acrisure LLC / Acrisure Finance Inc.                                              | CUSIP: 00489LAF0<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   3282000 | PA      | $3190594.66   | 0.05%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RealPage, Inc.                                                                    | RealPage, Inc., First Lien Term Loan                                              | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |  60287087 | PA      | $60294020.07  | 0.94%             | 2028-04-24      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                                                     | Peraton Corp., First Lien Term Loan B                                             | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        | 101050828 | PA      | $88952012.72  | 1.39%             | 2028-02-01      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                                                 | Cornerstone Building Brands, Inc., Term Loan B                                    | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |  12912217 | PA      | $10347915.33  | 0.16%             | 2028-04-12      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                                   | CoreLogic, Inc., First Lien Term Loan                                             | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |  55353796 | PA      | $55449004.33  | 0.87%             | 2028-06-02      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                                   | CoreLogic, Inc.                                                                   | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |   9100000 | PA      | $8891868.90   | 0.14%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l. | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l. | CUSIP: 049362AA4<br>LEI: 549300ONXPZT3KQZDR65 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4226721.55   | 0.07%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l. | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l. | CUSIP: 019579AA9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4911938.00   | 0.08%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Solera (Polaris Newco LLC)                                                        | Solera (Polaris Newco LLC), First Lien Term Loan                                  | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |  67077411 | PA      | $63467975.72  | 0.99%             | 2028-06-02      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                       | Asurion LLC, Second Lien Term Loan B-4                                            | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |  52581174 | PA      | $49418942.28  | 0.77%             | 2029-01-20      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| Medline Borrower, L.P.                                                            | Medline Borrower, L.P.                                                            | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  22100000 | PA      | $21470379.84  | 0.34%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc.                                              | Jane Street Group / JSG Finance Inc.                                              | CUSIP: 47077WAA6<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492552.55    | 0.01%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC (Golden Nugget)                                        | Fertitta Entertainment LLC (Golden Nugget), Term Loan                             | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |  62272629 | PA      | $62271383.88  | 0.97%             | 2029-01-27      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| athenahealth Group, Inc.                                                          | athenahealth Group, Inc., Term Loan                                               | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        | 100599397 | PA      | $100589337.31 | 1.57%             | 2029-02-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| athenahealth Group, Inc.                                                          | athenahealth Group, Inc., Term Loan                                               | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   1000000 | PA      | $999900.00    | 0.02%             | 2029-02-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Central Parent Inc / CDK Global Inc.                                              | Central Parent Inc / CDK Global Inc.                                              | CUSIP: 15477CAA3<br>LEI: 5493000L10CYRTHIJ385 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2076625.00   | 0.03%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Camelot Return Merger Sub, Inc.                                                   | Camelot Return Merger Sub, Inc.                                                   | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4100000 | PA      | $3431946.41   | 0.05%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Nielsen Finance LLC                                                               | Nielsen Finance LLC, First Lien Term Loan B                                       | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |  59088218 | PA      | $57832593.00  | 0.90%             | 2029-04-11      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                       | Caesars Entertainment, Inc.                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2071716.00   | 0.03%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                    | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                    | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1528591.50   | 0.02%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc.                                                                   | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8173560.00   | 0.13%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.                                         | Sedgwick Claims Management Services, Inc., Term Loan                              | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |  98004460 | PA      | $98286222.49  | 1.54%             | 2031-07-31      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Virgin Media 02 - LG                                                              | Virgin Media 02 - LG, Term Loan Y                                                 | CUSIP: G9368PBH6<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |   1000000 | PA      | $983125.00    | 0.02%             | 2031-03-31      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                        | Cloud Software Group, Inc.                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   7750000 | PA      | $8002363.25   | 0.13%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Micro Holding L.P.                                                                | Micro Holding L.P., First Lien Incremental Term Loan                              | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |  60438714 | PA      | $54793133.74  | 0.86%             | 2028-05-03      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                                            | HUB International Ltd.                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |  18900000 | PA      | $19819485.00  | 0.31%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Gen Digital, Inc.                                                                 | Gen Digital, Inc., Term Loan A                                                    | CUSIP: 66877AAC2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |  58402209 | PA      | $58464991.17  | 0.91%             | 2027-09-10      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC / CDK Global II LLC / CDK Financing Co. Inc.                   | Central Parent LLC / CDK Global II LLC / CDK Financing Co. Inc.                   | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1280162.85   | 0.02%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc.                                                                   | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3129792.00   | 0.05%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower, LLC                                                         | Boost Newco Borrower, LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |  22618000 | PA      | $24036714.05  | 0.38%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Star Parent, Inc.                                                                 | Star Parent, Inc.                                                                 | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1716720.00   | 0.03%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Syneos Health, Inc.                                                               | Syneos Health, Inc., Term Loan                                                    | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |  35864461 | PA      | $35952508.68  | 0.56%             | 2030-09-27      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                                             | Rocket Software, Inc., Term Loan B                                                | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |  50010598 | PA      | $49930331.09  | 0.78%             | 2028-11-28      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Aretec Group, Inc.                                                                | Aretec Group, Inc.                                                                | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6843715.20   | 0.11%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Hilton Worldwide Finance LLC                                                      | Hilton Worldwide Finance LLC, Term Loan B-4                                       | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |  53742708 | PA      | $54017870.61  | 0.85%             | 2030-11-08      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc., Term Loan J                                                      | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |  45083544 | PA      | $45206847.50  | 0.71%             | 2031-02-28      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc., Term Loan J                                                      | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1002735.00   | 0.02%             | 2031-02-28      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                    | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                    | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2599812.50   | 0.04%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Wand NewCo 3, Inc.                                                                | Wand NewCo 3, Inc.                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   8231000 | PA      | $8680437.29   | 0.14%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Brookfield WEC Holdings, Inc.                                                     | Brookfield WEC Holdings, Inc., First Lien Term Loan                               | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |  64842338 | PA      | $64993745.22  | 1.02%             | 2031-01-27      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                       | Caesars Entertainment, Inc.                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    859000 | PA      | $874309.10    | 0.01%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                       | Caesars Entertainment, Inc., Term Loan                                            | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |  47311793 | PA      | $46907750.18  | 0.73%             | 2031-02-06      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Ensemble Health Partners                                                          | Ensemble Health Partners, Term Loan B                                             | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |  58783256 | PA      | $59142128.05  | 0.93%             | 2029-08-03      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Ultimate Software Group, Inc.                                                     | Ultimate Software Group, Inc., First Lien Term Loan                               | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        | 115123707 | PA      | $115206020.63 | 1.80%             | 2031-02-10      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                                       | Allied Universal Holdco LLC                                                       | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |  17597000 | PA      | $18541554.17  | 0.29%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc.                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4162492.00   | 0.07%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                                                | AmWINS Group, Inc.                                                                | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1624642.90   | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc.                                                                   | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2062434.00   | 0.03%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Verscend Holding Corp.                                                            | Verscend Holding Corp., Term Loan B                                               | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |  73862222 | PA      | $71184716.11  | 1.11%             | 2031-05-01      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP/Medline Co-Issuer Inc.                                        | Medline Borrower LP/Medline Co-Issuer Inc.                                        | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9320130.00   | 0.15%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc.                                                            | Genesee & Wyoming Inc.                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5147615.00   | 0.08%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming, Inc.                                                           | Genesee & Wyoming, Inc., Term Loan                                                | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |  40667504 | PA      | $40647373.21  | 0.64%             | 2031-04-10      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc.                                              | Jane Street Group / JSG Finance Inc.                                              | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15813495.00  | 0.25%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC (End User Computing)                                             | Modena Buyer LLC (End User Computing), Term Loan                                  | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |  27998652 | PA      | $27508815.84  | 0.43%             | 2031-07-01      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                                           | SS&C Technologies, Inc.                                                           | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5729603.00   | 0.09%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Holdings, Inc.                                                  | SS&C Technologies Holdings, Inc., Term Loan B-8                                   | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |  69622687 | PA      | $69978110.51  | 1.09%             | 2031-05-09      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                        | Cloud Software Group, Inc.                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   5658000 | PA      | $5970366.86   | 0.09%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners, Inc.                                                        | Broadstreet Partners, Inc., Term Loan B                                           | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |  69990882 | PA      | $70268045.44  | 1.10%             | 2031-06-13      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC                                                                | Central Parent LLC, Term Loan                                                     | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  66493787 | PA      | $55501366.70  | 0.87%             | 2029-07-06      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Creative Planning (CPI Holdco B LLC)                                              | Creative Planning (CPI Holdco B LLC), Term Loan B                                 | CUSIP: 1261MAAB6<br>LEI: 254900A9E6SC2CI8V842 | Long             | LON              | CORP              | US        |  59385166 | PA      | $59480182.02  | 0.93%             | 2031-05-17      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                                                  | Proofpoint, Inc., Term Loan B                                                     | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |  84187242 | PA      | $84713411.79  | 1.33%             | 2028-08-31      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corp.                                                             | Epicor Software Corp., Term Loan B                                                | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |  57092212 | PA      | $57325719.22  | 0.90%             | 2031-05-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance Inc.                                              | Acrisure LLC / Acrisure Finance Inc.                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12833000 | PA      | $13335950.94  | 0.21%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Harbor Freight Tools USA, Inc.                                                    | Harbor Freight Tools USA, Inc., Term Loan B                                       | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |  51029480 | PA      | $50321445.97  | 0.79%             | 2031-06-11      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                             | 1011778 BC ULC / New Red Finance Inc.                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   9000000 | PA      | $9290862.00   | 0.15%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Mitchell International, Inc.                                                      | Mitchell International, Inc., Term Loan B                                         | CUSIP: 60662WAW2<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |  50496806 | PA      | $50688694.35  | 0.79%             | 2031-06-17      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                                                               | White Cap Buyer LLC, Term Loan B                                                  | CUSIP: 96350TAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  69994302 | PA      | $70281628.12  | 1.10%             | 2029-10-19      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| New Red Finance, Inc.                                                             | New Red Finance, Inc., Term Loan B-6                                              | CUSIP: C6901LAM9<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |  47931576 | PA      | $47943558.77  | 0.75%             | 2030-09-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL)                    | Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL), Term Loan         | CUSIP: C8000CAM5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |  47335857 | PA      | $47424612.16  | 0.74%             | 2030-05-06      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                             | Clydesdale Acquisition Holdings, Inc.                                             | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5082800.00   | 0.08%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                                                 | Cornerstone Building Brands, Inc.                                                 | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4019207.00   | 0.06%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                                          | Amentum Government Services Holdings LLC, Term Loan B                             | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |  55844772 | PA      | $56047209.57  | 0.88%             | 2031-09-29      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance Inc.                                             | 1011778 BC ULC / New Red Finance Inc.                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3060798.00   | 0.05%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc.                                                                   | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5116695.00   | 0.08%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners, LLC                                                     | Focus Financial Partners, LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |  11132000 | PA      | $11510365.55  | 0.18%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Alpha Topco Ltd. (Delta 2 (Lux) S.a.r.l.)                                         | Alpha Topco Ltd. (Delta 2 (Lux) S.a.r.l.), Term Loan B-1                          | CUSIP: L2465BAW6<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |   5106492 | PA      | $5118466.86   | 0.08%             | 2031-09-10      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                    | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                    | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   4811000 | PA      | $4955161.62   | 0.08%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Froneri                                                                           | Froneri, Term Loan B                                                              | CUSIP: G3679YAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  48811727 | PA      | $48675786.38  | 0.76%             | 2031-09-17      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Belron UK Finance PLC                                                             | Belron UK Finance PLC                                                             | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3052923.00   | 0.05%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Co., LLC                                            | Corpay Technologies Operating Co., LLC, Term Loan                                 | CUSIP: 33903RAZ2<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |  53688591 | PA      | $53755701.95  | 0.84%             | 2028-04-28      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc.                                              | Jane Street Group / JSG Finance Inc.                                              | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7127022.00   | 0.11%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings, LLC                                                   | Raven Acquisition Holdings, LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3145000 | PA      | $3240897.34   | 0.05%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| R1 RCM, Inc.                                                                      | R1 RCM, Inc., Term Loan B                                                         | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  44450908 | PA      | $44621155.06  | 0.70%             | 2031-10-24      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| R1 RCM, Inc.                                                                      | R1 RCM, Inc., Delayed Draw Term Loan B                                            | CUSIP: 75419XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3191020 | PA      | $3203241.57   | 0.05%             | 2031-10-24      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance B.V.                                                              | Nouryon Finance B.V., Term Loan B                                                 | CUSIP: N8232NAL1<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |  54154140 | PA      | $54124084.46  | 0.85%             | 2028-04-03      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| Citadel Securities L.P.                                                           | Citadel Securities L.P., Term Loan B                                              | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |  70173424 | PA      | $70512361.27  | 1.10%             | 2031-10-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                                          | Project Alpha Intermediate Holding, Inc., Term Loan B                             | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  64367332 | PA      | $64387285.49  | 1.01%             | 2030-10-28      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                                          | AI Aqua Merger Sub, Inc., Term loan B                                             | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |  87483634 | PA      | $87820883.88  | 1.37%             | 2028-07-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                                          | AI Aqua Merger Sub, Inc., Term loan B                                             | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   1725000 | PA      | $1731649.88   | 0.03%             | 2028-07-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                                             | Jane Street Group LLC, Term Loan B                                                | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |  69492082 | PA      | $68894102.29  | 1.08%             | 2031-12-31      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Ascensus Group Holdings, Inc.                                                     | Ascensus Group Holdings, Inc., Term Loan B                                        | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  48478768 | PA      | $48498401.91  | 0.76%             | 2028-08-02      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor Inc. (BrightSpring Health Services)                             | Phoenix Guarantor Inc. (BrightSpring Health Services), Term Loan B                | CUSIP: 71913BAK8<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |   5244030 | PA      | $5274839.18   | 0.08%             | 2031-02-21      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                                   | ABG Intermediate Holdings 2 LLC, Term Loan B                                      | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1003185.00   | 0.02%             | 2028-12-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                                   | ABG Intermediate Holdings 2 LLC, Term Loan B                                      | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |  69569827 | PA      | $69791407.10  | 1.09%             | 2028-12-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Flutter Financing B.V. (Stars Group)                                              | Flutter Financing B.V. (Stars Group), Term Loan B                                 | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |  71043197 | PA      | $70910346.00  | 1.11%             | 2030-11-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| McAfee LLC                                                                        | McAfee LLC, Term Loan B                                                           | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |  93159698 | PA      | $86447541.49  | 1.35%             | 2029-03-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                      | Acrisure LLC, Term Loan B-6                                                       | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   9969925 | PA      | $9977202.86   | 0.16%             | 2030-11-06      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                      | Acrisure LLC, Term Loan B-6                                                       | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |  51743207 | PA      | $51780980.00  | 0.81%             | 2030-11-06      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                                                   | Whatabrands LLC, Term Loan B                                                      | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |  49407866 | PA      | $49576099.37  | 0.78%             | 2028-08-03      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Clarios Global L.P./ Clarios US Finance Co.                                       | Clarios Global L.P./ Clarios US Finance Co.                                       | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $2527807.50   | 0.04%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL)                    | Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL), Term Loan B       | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |  57971922 | PA      | $58261781.61  | 0.91%             | 2032-01-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding B.V.                                                       | Hunter Douglas Holding B.V., Term Loan B                                          | CUSIP: N8137FAE0<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1004625.00   | 0.02%             | 2032-01-14      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding B.V.                                                       | Hunter Douglas Holding B.V., Term Loan B                                          | CUSIP: N8137FAE0<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |  52279783 | PA      | $52521577.30  | 0.82%             | 2032-01-14      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| PAREXEL International Corp.                                                       | PAREXEL International Corp., Term Loan B                                          | CUSIP: 71911KAE4<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |  54223442 | PA      | $54514893.12  | 0.85%             | 2028-11-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                                            | HUB International Ltd., Term Loan B                                               | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |  60709708 | PA      | $61006881.60  | 0.95%             | 2030-06-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Bass Pro Group LLC                                                                | Bass Pro Group LLC, Term Loan B                                                   | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |  82555203 | PA      | $82889551.33  | 1.30%             | 2032-01-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Bass Pro Group LLC                                                                | Bass Pro Group LLC, Term Loan B                                                   | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1004050.00   | 0.02%             | 2032-01-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                                                | AmWINS Group, Inc., Term Loan B                                                   | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |  78603167 | PA      | $78881029.62  | 1.23%             | 2032-01-23      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                                                | AmWINS Group, Inc., Term Loan B                                                   | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   1850000 | PA      | $1856539.75   | 0.03%             | 2032-01-23      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Nexus Buyer LLC                                                                   | Nexus Buyer LLC, Term Loan B                                                      | CUSIP: 65343UAH5<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |  32351988 | PA      | $32017630.49  | 0.50%             | 2031-07-31      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| MKS Instruments, Inc.                                                             | MKS Instruments, Inc., Term Loan B                                                | CUSIP: 55314NAZ7<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |   9089249 | PA      | $9134422.85   | 0.14%             | 2029-08-17      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| William Morris Endeavor Entertainment LLC                                         | William Morris Endeavor Entertainment LLC, Term Loan C                            | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  53136236 | PA      | $53448411.19  | 0.84%             | 2032-01-27      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings I LLC                                             | Genesys Cloud Services Holdings I LLC, Term Loan B                                | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |  71845631 | PA      | $70895472.61  | 1.11%             | 2032-01-26      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners LLC                                                      | Focus Financial Partners LLC, Term Loan B-8                                       | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |  66060447 | PA      | $66134764.57  | 1.03%             | 2031-09-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Wand Newco 3, Inc.                                                                | Wand Newco 3, Inc., Term Loan B                                                   | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |  25436467 | PA      | $25473730.94  | 0.40%             | 2031-01-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp.                                           | Mavis Tire Express Services Topco Corp., Term Loan B                              | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |  66315539 | PA      | $66568533.05  | 1.04%             | 2028-05-04      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co., Inc.                                                            | Boxer Parent Co., Inc., Term Loan B                                               | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   4500000 | PA      | $4487445.00   | 0.07%             | 2031-07-30      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co., Inc.                                                            | Boxer Parent Co., Inc., Term Loan B                                               | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |  74325619 | PA      | $74118250.70  | 1.16%             | 2031-07-30      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC (WorldPay)                                               | Boost Newco Borrower LLC (WorldPay), Term Loan B                                  | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |  66931058 | PA      | $67148583.75  | 1.05%             | 2031-01-31      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                           | Quikrete Holdings, Inc.                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    810000 | PA      | $841768.20    | 0.01%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                           | Quikrete Holdings, Inc., Term Loan B                                              | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |  68626383 | PA      | $68788684.80  | 1.08%             | 2032-02-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Arxis                                                                             | Arxis, Term Loan B                                                                | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |  29094459 | PA      | $29222183.52  | 0.46%             | 2032-02-26      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Arxis                                                                             | Arxis, Delayed Draw Term Loan                                                     | CUSIP: 48354VAN2<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |   2750979 | PA      | $2763055.68   | 0.04%             | 2032-02-26      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings, Inc.                                                       | Triton Water Holdings, Inc., Term Loan B                                          | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |  57130187 | PA      | $57312146.82  | 0.90%             | 2028-03-31      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                                           | X Corp., Term Loan B                                                              | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        | 116446634 | PA      | $113579135.44 | 1.78%             | 2029-10-27      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| KKR Apple Bidco LLC                                                               | KKR Apple Bidco LLC, Term Loan B                                                  | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |  58558232 | PA      | $58883815.85  | 0.92%             | 2028-09-22      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Univar, Inc.                                                                      | Univar, Inc., Term Loan B                                                         | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |  49572994 | PA      | $49689242.28  | 0.78%             | 2030-08-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| BCPE Empire Holdings, Inc. (ImperialDade)                                         | BCPE Empire Holdings, Inc. (ImperialDade), Term Loan B                            | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |  43799307 | PA      | $43819673.37  | 0.69%             | 2030-12-11      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Thyssenkrupp Elevators (Vertical Midco GmbH)                                      | Thyssenkrupp Elevators (Vertical Midco GmbH), Term Loan B                         | CUSIP: D9000BAJ1<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |  65001981 | PA      | $65462519.93  | 1.02%             | 2030-04-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyality IP Ltd. (American Airlines, Inc.)                             | AAdvantage Loyality IP Ltd. (American Airlines, Inc.), Term Loan B                | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |     77499 | PA      | $77559.89     | 0.00%             | 2028-04-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Apex Group Treasury Ltd.                                                          | Apex Group Treasury Ltd., Term Loan                                               | CUSIP: G0472CAK1<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |  53450704 | PA      | $48239260.22  | 0.75%             | 2032-02-27      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Kaseya, Inc.                                                                      | Kaseya, Inc., Term Loan B                                                         | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |  58110404 | PA      | $58260328.51  | 0.91%             | 2032-03-20      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                             | Clydesdale Acquisition Holdings, Inc.                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    738000 | PA      | $745275.94    | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Flex Acquisition Co., Inc.                                                        | Flex Acquisition Co., Inc., Term Loan B                                           | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |  47240447 | PA      | $47008732.52  | 0.74%             | 2032-04-30      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Flex Acquisition Co., Inc.                                                        | Flex Acquisition Co., Inc., Delayed Draw Term Loan                                | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    816109 | PA      | $812105.92    | 0.01%             | 2032-04-30      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Opal Bidco SAS                                                                    | Opal Bidco SAS                                                                    | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   6225000 | PA      | $6422214.23   | 0.10%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Valeant Pharmaceuticals International, Inc.                                       | Valeant Pharmaceuticals International, Inc., Term Loan                            | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |  49855000 | PA      | $49368913.75  | 0.77%             | 2030-10-08      | Floating      | 10.17%                | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc.                                              | Jane Street Group / JSG Finance Inc.                                              | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2616760.00   | 0.04%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Alera Group, Inc.                                                                 | Alera Group, Inc., Term Loan B                                                    | CUSIP: 01451PAB2<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1005400.00   | 0.02%             | 2032-05-21      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Alera Group, Inc.                                                                 | Alera Group, Inc., Term Loan B                                                    | CUSIP: 01451PAB2<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |  54180866 | PA      | $54473443.16  | 0.85%             | 2032-05-21      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corp.                      | Allied Universal Holdco LLC / Allied Universal Finance Corp.                      | CUSIP: 019576AF4<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   2406000 | PA      | $2488920.38   | 0.04%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance Inc.                                              | Acrisure LLC / Acrisure Finance Inc.                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    685000 | PA      | $702196.24    | 0.01%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Colonial Pipeline                                                                 | Colonial Pipeline, Term Loan                                                      | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |  31203322 | PA      | $31120476.69  | 0.49%             | 2032-06-11      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                                              | Osaic Holdings, Inc.                                                              | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $519272.00    | 0.01%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Advisor Group, Inc.                                                               | Advisor Group, Inc., Term Loan                                                    | CUSIP: 68773JAG5<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |  40000000 | PA      | $40126800.00  | 0.63%             | 2032-07-16      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                                                                 | Chariot Buyer LLC, Term Loan                                                      | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |  59718190 | PA      | $59932876.39  | 0.94%             | 2032-07-22      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners, LLC                                                 | Southern Veterinary Partners, LLC, Term Loan                                      | CUSIP: 84410HAQ3<br>LEI: 549300DT78GYJYRK0R74 | Long             | LON              | CORP              | US        |  54662739 | PA      | $54651259.58  | 0.86%             | 2031-12-04      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Mozart Debt Merger Sub Inc. (Medline Industries)                                  | Mozart Debt Merger Sub Inc. (Medline Industries), Term Loan                       | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |  11914219 | PA      | $11942932.15  | 0.19%             | 2030-10-23      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Mozart Debt Merger Sub Inc. (Medline Industries)                                  | Mozart Debt Merger Sub Inc. (Medline Industries), Term Loan                       | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |  93339363 | PA      | $93565244.05  | 1.46%             | 2028-11-23      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco, LLC                                                               | Radiate Holdco, LLC, Term Loan                                                    | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |   1000000 | PA      | $736250.00    | 0.01%             | 2029-09-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Finastra USA, Inc.                                                                | Finastra USA, Inc., Term Loan                                                     | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |  49000000 | PA      | $48212570.00  | 0.75%             | 2032-07-30      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Nuvei Tech Corp, Pivotal Refi LP, Nuvei Tech Inc.                                 | Nuvei Tech Corp, Pivotal Refi LP, Nuvei Tech Inc., Term Loan                      | CUSIP: 69425BAD9<br>LEI: 254900L3D6CI0XH2P605 | Long             | LON              | CORP              | US        |  37369703 | PA      | $37457709.01  | 0.59%             | 2031-11-17      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC (USAGM Holdco, LLC / UNSEAM)                          | Allied Universal Holdco LLC (USAGM Holdco, LLC / UNSEAM), Term Loan               | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |  58508572 | PA      | $58817497.14  | 0.92%             | 2032-08-06      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                        | Cloud Software Group, Inc.                                                        | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1383000 | PA      | $1381878.53   | 0.02%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Veeam Software (VS Buyer, LLC)                                                    | Veeam Software (VS Buyer, LLC), Term Loan                                         | CUSIP: 91834WAG5<br>LEI: 254900G5QLDMHSCYJK25 | Long             | LON              | CORP              | US        |  20000000 | PA      | $19987500.00  | 0.31%             | 2031-04-12      | Floating      | 6.09%                 | No            |                  3 | On Loan: No      |
| Cloud Software Group, Inc.                                                        | Cloud Software Group, Inc., Term Loan                                             | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |  55564057 | PA      | $55506269.96  | 0.87%             | 2032-08-09      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Belron Group S.A.                                                                 | Belron Group S.A., Term Loan                                                      | CUSIP: 08078UAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  75675387 | PA      | $76195655.01  | 1.19%             | 2031-10-16      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Belron Group S.A.                                                                 | Belron Group S.A., Term Loan                                                      | CUSIP: 08078UAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3000000 | PA      | $3020625.00   | 0.05%             | 2031-10-16      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                                | Alliant Holdings Intermediate, LLC, Term Loan                                     | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |  58678727 | PA      | $58761464.35  | 0.92%             | 2031-09-19      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc.                                                                   | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2075078.00   | 0.03%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                        | Cloud Software Group, Inc., Term Loan                                             | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |  54423568 | PA      | $54351184.78  | 0.85%             | 2031-03-21      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Hyperion Insurance Group Ltd.                                                     | Hyperion Insurance Group Ltd., Term Loan                                          | CUSIP: G4712JBB7<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |  57404773 | PA      | $57551442.34  | 0.90%             | 2031-02-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| UFC Holdings, LLC                                                                 | UFC Holdings, LLC, Term Loan                                                      | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |  68381213 | PA      | $68679013.48  | 1.07%             | 2031-11-21      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Global Medical Response, Inc.                                                     | Global Medical Response, Inc., Term Loan                                          | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |  44953367 | PA      | $45240169.51  | 0.71%             | 2032-09-13      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Global Medical Response, Inc.                                                     | Global Medical Response, Inc., Term Loan                                          | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |  20000000 | PA      | $20127600.00  | 0.31%             | 2032-09-13      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                   | TransDigm, Inc., Term Loan                                                        | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |  56441067 | PA      | $56569188.00  | 0.89%             | 2030-03-22      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                                         | Zayo Group Holdings, Inc.                                                         | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   2568129 | PA      | $2368829.35   | 0.04%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                                         | Zayo Group Holdings, Inc., Term Loan                                              | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1650807 | PA      | $1570329.85   | 0.02%             | 2030-03-11      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Altice France                                                                     | Altice France                                                                     | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   2002260 | PA      | $1953643.87   | 0.03%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Co., LLC                                            | Corpay Technologies Operating Co., LLC, Term Loan                                 | CUSIP: 33903RBA6<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |   2510938 | PA      | $2510322.49   | 0.04%             | 2032-10-01      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Dayforce, Inc.                                                                    | Dayforce, Inc., Term Loan                                                         | CUSIP: 23923YAB7<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |  45165021 | PA      | $45098177.08  | 0.71%             | 2032-10-07      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Altice France                                                                     | Altice France                                                                     | CUSIP: N/A<br>LEI: 5493001ZMCICV4N02J21       | Long             | EC               | CORP              | FR        |    366864 | NS      | $6708553.98   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SFR-Numericable (YPSO, Altice France)                                             | SFR-Numericable (YPSO, Altice France), Term Loan                                  | CUSIP: N/A<br>LEI: 5493001ZMCICV4N02J21       | Long             | LON              | CORP              | FR        |  52625906 | PA      | $52850619.05  | 0.83%             | 2031-05-31      | Floating      | 10.86%                | No            |                  2 | On Loan: No      |
| Neptune Bidco US Inc.                                                             | Neptune Bidco US Inc.                                                             | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5058309.20   | 0.08%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Opella                                                                            | Opella, Term Loan                                                                 | CUSIP: F7000QAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  59246888 | PA      | $59709901.97  | 0.93%             | 2032-04-28      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                                                 | IRB Holding Corp., Term Loan                                                      | CUSIP: 44988LAM9<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |  73545064 | PA      | $73643614.15  | 1.15%             | 2030-12-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President