# EDGAR Filing Document

**Accession Number:** 0001860151
**File Stem:** 0001860151-26-000004
**Filing Date:** 2026-1
**Character Count:** 187606
**Document Hash:** 88d05b171006c6d3a385a81cf36ebb8d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001860151-26-000004.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001860151-26-000004

**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**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Dynamic Credit Opportunity Fund
- **CENTRAL INDEX KEY:** 0001860151

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23665
- **FILM NUMBER:** 26577265

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

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

## Nport-Ex

**Consolidated Schedule of Investments** 

*November 30, 2025*

*(Unaudited)* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Variable Rate Senior Loan Interests–97.41%**<sup>(b)(c)</sup>  | **Variable Rate Senior Loan Interests–97.41%**<sup>(b)(c)</sup>  | **Variable Rate Senior Loan Interests–97.41%**<sup>(b)(c)</sup>  | **Variable Rate Senior Loan Interests–97.41%**<sup>(b)(c)</sup>  | **Variable Rate Senior Loan Interests–97.41%**<sup>(b)(c)</sup>  | **Variable Rate Senior Loan Interests–97.41%**<sup>(b)(c)</sup>  |
| **Aerospace & Defense–1.59%** | **Aerospace & Defense–1.59%** | **Aerospace & Defense–1.59%** | **Aerospace & Defense–1.59%** |  |  |
| Engineering Research and Consulting LLC, First Lien Term Loan (1 mo. Term SOFR + 5.00%)<sup>(d)</sup> <br>| 8.92% | 08/15/2031 |  | $705 | &nbsp;&nbsp; $616622 |
| FDH Group Acquisition, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 10/21/2031 |  | 167 | &nbsp;&nbsp; 167545 |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (3 mo. Term SOFR + 4.75%)<sup>(d)(e)</sup> <br>| 8.75% | 10/21/2031 |  | 105 | &nbsp;&nbsp; 105108 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. Term SOFR + 4.75%)<sup>(d)(e)</sup> <br>| 8.75% | 11/04/2031 |  | 722 | &nbsp;&nbsp; 723877 |
| NAC Aviation 8 Ltd. (Ireland), Revolver Loan<sup>(d)(f)</sup> <br>| 0.00% | 12/31/2026 |  | 1643 | &nbsp;&nbsp; 1642458 |
| Peraton Corp., First Lien Term Loan B<sup>(g)</sup> <br>| – | 02/01/2028 |  | 700 | &nbsp;&nbsp; 616190 |
|  |  |  |  |  | &nbsp;&nbsp; 3871800 |
| **Automotive–0.40%** | **Automotive–0.40%** | **Automotive–0.40%** | **Automotive–0.40%** |  |  |
| Autokiniton US Holdings, Inc., Term Loan B (1 mo. Term SOFR + 4.11%) | 8.03% | 04/06/2028 |  | 163 | &nbsp;&nbsp; 162396 |
| Muth Mirror Systems LLC, Revolver Loan<sup>(d)</sup> <br>| 0.00% | 03/31/2027 |  | 1466 | &nbsp;&nbsp; 801764 |
|  |  |  |  |  | &nbsp;&nbsp; 964160 |
| **Beverage & Tobacco–0.13%** | **Beverage & Tobacco–0.13%** | **Beverage & Tobacco–0.13%** | **Beverage & Tobacco–0.13%** |  |  |
| City Brewing Co. LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. Term SOFR + 7.00%)<sup>(d)</sup> <br>| 10.82% | 09/30/2030 |  | 449 | &nbsp;&nbsp; 184324 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. Term SOFR + 7.00%)<sup>(d)</sup> <br>| 10.82% | 09/30/2030 |  | 154 | &nbsp;&nbsp; 132263 |
|  |  |  |  |  | &nbsp;&nbsp; 316587 |
| **Brokers, Dealers & Investment Houses–0.51%** | **Brokers, Dealers & Investment Houses–0.51%** | **Brokers, Dealers & Investment Houses–0.51%** | **Brokers, Dealers & Investment Houses–0.51%** |  |  |
| GC Ferry Acquisition I, Inc. (First Eagle Investment Management LLC) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(f)</sup> <br>| 0.00% | 06/04/2032 |  | 182 | &nbsp;&nbsp; 182241 |
| &nbsp;&nbsp;&nbsp; Term Loan B<sup>(g)</sup> <br>| – | 06/04/2032 |  | 1068 | &nbsp;&nbsp; 1067415 |
|  |  |  |  |  | &nbsp;&nbsp; 1249656 |
| **Building & Development–2.72%** | **Building & Development–2.72%** | **Building & Development–2.72%** | **Building & Development–2.72%** |  |  |
| Empire Today LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. Term SOFR + 5.26%) <br>(Acquired 11/18/2024-06/25/2025; Cost $1,578,935)<sup>(d)(h)</sup> <br>| 9.10% | 08/03/2029 |  | 2139 | &nbsp;&nbsp; 1311368 |
| &nbsp;&nbsp;&nbsp; Term Loan A (3 mo. Term SOFR + 5.76%) <br>(Acquired 11/18/2024-06/25/2025; Cost $583,823)<sup>(d)(h)</sup> <br>| 9.60% | 08/03/2029 |  | 642 | &nbsp;&nbsp; 555287 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. Term SOFR + 5.76%) <br>(Acquired 11/18/2024-06/25/2025; Cost $625,899)<sup>(d)(h)</sup> <br>| 9.60% | 08/03/2029 |  | 636 | &nbsp;&nbsp; 550029 |
| &nbsp;&nbsp;&nbsp; Interior Logic Group, Inc. (Signal Parent), Term Loan B (3 mo. Term SOFR + 3.60%) <br>(Acquired 09/11/2023-10/17/2023; Cost $940,016)<sup>(h)</sup> <br>| 7.44% | 04/01/2028 |  | 1041 | &nbsp;&nbsp; 706497 |
| IPS Corp./CP Iris Holdco |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(f)</sup> <br>| 0.00% | 10/18/2032 |  | 39 | &nbsp;&nbsp; 38781 |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. Term SOFR + 4.00%) | 7.92% | 10/18/2032 |  | 315 | &nbsp;&nbsp; 314124 |
| Oldcastle BuildingEnvelope, Inc., Term Loan B (3 mo. Term SOFR + 4.50%) | 8.25% | 04/29/2029 |  | 383 | &nbsp;&nbsp; 285115 |
| OmniMax International LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (3 mo. Term SOFR + 5.75%)<sup>(d)(e)</sup> <br>| 9.92% | 12/06/2031 |  | 587 | &nbsp;&nbsp; 589047 |
| &nbsp;&nbsp;&nbsp; Incremental Term Loan (3 mo. Term SOFR + 5.75%)<sup>(d)</sup> <br>| 9.92% | 12/06/2030 |  | 382 | &nbsp;&nbsp; 374371 |
| &nbsp;&nbsp;&nbsp; Term Loan B (6 mo. USD LIBOR + 5.75%)<sup>(d)(e)</sup> <br>| 9.59% | 12/06/2031 |  | 1901 | &nbsp;&nbsp; 1907160 |
|  |  |  |  |  | &nbsp;&nbsp; 6631779 |
| **Business Equipment & Services–9.41%** | **Business Equipment & Services–9.41%** | **Business Equipment & Services–9.41%** | **Business Equipment & Services–9.41%** |  |  |
| Constant Contact, Inc., Term Loan (3 mo. Term SOFR + 4.26%) | 8.17% | 02/10/2028 |  | 913 | &nbsp;&nbsp; 877331 |
| DTI HoldCo, Inc., Term Loan B (1 mo. Term SOFR + 4.00%) | 7.92% | 04/26/2029 |  | 502 | &nbsp;&nbsp; 470658 |
| GI Revelation Acquisition LLC, Term Loan B-4 (1 mo. Term SOFR + 3.75%) | 7.67% | 05/12/2028 |  | 1576 | &nbsp;&nbsp; 1444144 |
| Lamark Media Group LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (3 mo. Term SOFR + 5.00%)<sup>(d)</sup> <br>| 9.00% | 10/14/2027 |  | 1486 | &nbsp;&nbsp; 1485917 |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 10/14/2027 |  | 1019 | &nbsp;&nbsp; 1018623 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. Term SOFR + 5.00%)<sup>(d)</sup> <br>| 9.00% | 10/14/2027 |  | 6863 | &nbsp;&nbsp; 6862976 |
| Learning Care Group (US) No. 2, Inc., Term Loan B (3 mo. Term SOFR + 4.00%) | 8.00% | 08/11/2028 |  | 475 | &nbsp;&nbsp; 420375 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Business Equipment & Services–(continued)** | **Business Equipment & Services–(continued)** | **Business Equipment & Services–(continued)** | **Business Equipment & Services–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; Monitronics International, Inc., DIP Term Loan A (1 mo. Term SOFR + 7.50%) <br>(Acquired 06/30/2023; Cost $4,926,003)<sup>(d)(h)</sup> <br>| 11.89% | 06/30/2028 |  | $4926 | &nbsp;&nbsp; $4923047 |
| Netrix LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 10/31/2031 |  | 294 | &nbsp;&nbsp; 289483 |
| &nbsp;&nbsp;&nbsp; Term Loan A (1 mo. Term SOFR + 5.50%)<sup>(d)(e)</sup> <br>| 9.42% | 10/31/2031 |  | 1706 | &nbsp;&nbsp; 1680517 |
| Ryan LLC (Ryan Tax), Term Loan (1 mo. Term SOFR + 3.50%) | 7.42% | 11/05/2032 |  | 1276 | &nbsp;&nbsp; 1270873 |
| Spin Holdco, Inc., Term Loan (3 mo. Term SOFR + 4.26%) | 8.39% | 03/04/2028 |  | 1770 | &nbsp;&nbsp; 1454825 |
| UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 6.00%)<sup>(d)</sup> <br>| 9.87% | 03/20/2027 |  | 913 | &nbsp;&nbsp; 729447 |
|  |  |  |  |  | &nbsp;&nbsp; 22928216 |
| **Cable & Satellite Television–13.83%** | **Cable & Satellite Television–13.83%** | **Cable & Satellite Television–13.83%** | **Cable & Satellite Television–13.83%** |  |  |
| Altice Financing S.A. (Altice-Int'l) (Luxembourg) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Incremental Term Loan (3 mo. EURIBOR + 5.00%) | 7.03% | 10/31/2027 | EUR | 3051 | &nbsp;&nbsp; 2813581 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. EURIBOR + 5.00%) | 7.03% | 10/31/2027 | EUR | 2259 | &nbsp;&nbsp; 2082872 |
| Atlantic Broadband Finance LLC (Cogeco), Term Loan B-1<sup>(g)</sup> <br>| – | 09/18/2030 |  | 598 | &nbsp;&nbsp; 582138 |
| Lightning Finco Ltd. (LiveU) (United Kingdom) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B-1 (6 mo. Term SOFR + 5.88%)<sup>(d)(e)</sup> <br>| 10.22% | 08/31/2028 |  | 18375 | &nbsp;&nbsp; 18375146 |
| &nbsp;&nbsp;&nbsp; Term Loan B-2 (6 mo. EURIBOR + 5.50%)<sup>(d)(e)</sup> <br>| 7.48% | 08/31/2028 | EUR | 1886 | &nbsp;&nbsp; 2188160 |
| SFR-Numericable (YPSO, Altice France) (France), Term Loan B-14 (3 mo. EURIBOR + 6.88%) | 8.89% | 05/31/2031 | EUR | 5675 | &nbsp;&nbsp; 6596243 |
| Versant Media Group, Inc., Term Loan B<sup>(g)</sup> <br>| – | 01/30/2031 |  | 333 | &nbsp;&nbsp; 331335 |
| Virgin Media 02 - LG (United Kingdom), Term Loan Y (6 mo. Term SOFR + 3.28%) | 7.05% | 03/31/2031 |  | 750 | &nbsp;&nbsp; 737344 |
|  |  |  |  |  | &nbsp;&nbsp; 33706819 |
| **Chemicals & Plastics–8.05%** | **Chemicals & Plastics–8.05%** | **Chemicals & Plastics–8.05%** | **Chemicals & Plastics–8.05%** |  |  |
| A-Gas Finco, Inc., Term Loan (3 mo. Term SOFR + 5.25%) | 9.25% | 12/14/2029 |  | 1075 | &nbsp;&nbsp; 965278 |
| Discovery Purchaser Corp. (BES), First Lien Term Loan (3 mo. Term SOFR + 3.75%) | 7.61% | 10/04/2029 |  | 915 | &nbsp;&nbsp; 891288 |
| Ineos US Finance LLC, Term Loan (1 mo. Term SOFR + 3.25%) | 7.17% | 02/18/2030 |  | 558 | &nbsp;&nbsp; 475680 |
| MicroCare Holdings LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 08/08/2031 |  | 604 | &nbsp;&nbsp; 599548 |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 08/08/2031 |  | 604 | &nbsp;&nbsp; 595018 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. Term SOFR + 5.00%)<sup>(d)(e)</sup> <br>| 8.86% | 08/08/2031 |  | 3721 | &nbsp;&nbsp; 3665308 |
| Oxea Corp. (OQ Chemicals), Term Loan B-2 (3 mo. Term SOFR + 4.25%) | 8.29% | 04/07/2031 |  | 1512 | &nbsp;&nbsp; 1337311 |
| Proampac PG Borrower LLC, Term Loan (3 mo. Term SOFR + 4.00%) | 7.90% | 09/15/2028 |  | 1234 | &nbsp;&nbsp; 1237740 |
| Trinseo Materials Operating S.C.A. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Incremental Term Loan (3 mo. Term SOFR + 2.76%) | 6.58% | 05/03/2028 |  | 985 | &nbsp;&nbsp; 164305 |
| &nbsp;&nbsp;&nbsp; Term Loan A (3 mo. Term SOFR + 8.50%) | 12.41% | 05/03/2028 |  | 313 | &nbsp;&nbsp; 286826 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. Term SOFR + 8.50%) | 12.41% | 05/03/2028 |  | 2307 | &nbsp;&nbsp; 2121271 |
| &nbsp;&nbsp;&nbsp; Term Loan C (3 mo. Term SOFR + 8.50%) | 12.41% | 05/03/2028 |  | 273 | &nbsp;&nbsp; 248706 |
| V Global Holdings LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Revolver Loan (1 mo. Term SOFR + 5.750%)<sup>(d)(e)</sup> <br>| 9.82% | 12/22/2027 |  | 334 | &nbsp;&nbsp; 310902 |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 12/22/2027 |  | 512 | &nbsp;&nbsp; 476809 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. USD LIBOR + 5.90%)<sup>(d)(e)</sup> <br>| 9.77% | 12/22/2027 |  | 6705 | &nbsp;&nbsp; 6249305 |
|  |  |  |  |  | &nbsp;&nbsp; 19625295 |
| **Containers & Glass Products–10.72%** | **Containers & Glass Products–10.72%** | **Containers & Glass Products–10.72%** | **Containers & Glass Products–10.72%** |  |  |
| Iris Holding, Inc. (Intertape), First Lien Term Loan (3 mo. Term SOFR + 4.85%) | 8.69% | 06/28/2028 |  | 469 | &nbsp;&nbsp; 454288 |
| Keg Logistics LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Revolver Loan (3 mo. Term SOFR + 6.90%)<sup>(d)(e)</sup> <br>| 10.73% | 11/23/2027 |  | 1366 | &nbsp;&nbsp; 1331412 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. Term SOFR + 6.90%)<sup>(d)(e)</sup> <br>| 10.73% | 11/23/2027 |  | 20754 | &nbsp;&nbsp; 20225075 |
| &nbsp;&nbsp;&nbsp; Klockner (KPERST/Kleopatra), Term Loan B (6 mo. EURIBOR + 4.73%) <br>(Acquired 01/09/2024-01/10/2024; Cost $3,259,585)<sup>(h)</sup> <br>| 6.79% | 02/12/2026 | EUR | 3000 | &nbsp;&nbsp; 1551957 |
| &nbsp;&nbsp;&nbsp; Libbey Glass LLC, Term Loan B (3 mo. Term SOFR + 6.65%) <br>(Acquired 03/29/2024-01/23/2025; Cost $1,878,101)<sup>(h)</sup> <br>| 10.51% | 11/22/2027 |  | 1898 | &nbsp;&nbsp; 1835363 |
| Mold-Rite Plastics LLC (Valcour Packaging LLC), Term Loan A-2, (1 mo. Term SOFR + 1.50%) | 5.57% | 10/04/2028 |  | 942 | &nbsp;&nbsp; 735980 |
|  |  |  |  |  | &nbsp;&nbsp; 26134075 |
| **Cosmetics & Toiletries–0.52%** | **Cosmetics & Toiletries–0.52%** | **Cosmetics & Toiletries–0.52%** | **Cosmetics & Toiletries–0.52%** |  |  |
| Bausch and Lomb, Inc., Term Loan B (1 mo. Term SOFR + 4.25%) | 8.17% | 01/30/2031 |  | 1251 | &nbsp;&nbsp; 1261005 |
| **Ecological Services & Equipment–0.70%** | **Ecological Services & Equipment–0.70%** | **Ecological Services & Equipment–0.70%** | **Ecological Services & Equipment–0.70%** |  |  |
| OGF (VESCAP/Obol France 3/PHM) (Netherlands), Term Loan B (6 mo. EURIBOR + 5.00%) | 7.10% | 12/29/2028 | EUR | 1500 | &nbsp;&nbsp; 1715505 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Electronics & Electrical–8.90%** | **Electronics & Electrical–8.90%** | **Electronics & Electrical–8.90%** | **Electronics & Electrical–8.90%** |  |  |
| GoTo Group, Inc. (LogMeIn), First Lien Term Loan (3 mo. Term SOFR + 4.90%) | 8.79% | 04/30/2028 |  | $1401 | &nbsp;&nbsp; $1222329 |
| Infinite Electronics |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. Term SOFR + 4.00%) | 7.85% | 03/02/2028 |  | 861 | &nbsp;&nbsp; 851995 |
| &nbsp;&nbsp;&nbsp; Second Lien Term Loan (3 mo. Term SOFR + 7.26%) | 11.10% | 03/02/2029 |  | 473 | &nbsp;&nbsp; 453357 |
| ION Platform Finance US, Inc., Term Loan (3 mo. Term SOFR + 3.75%) | 7.69% | 09/30/2032 |  | 1955 | &nbsp;&nbsp; 1864443 |
| KnowBe4 (aka Oranje MidCo LLC), Term Loan B (3 mo. Term SOFR + 3.75%) | 7.59% | 07/26/2032 |  | 937 | &nbsp;&nbsp; 939580 |
| Learning Pool (Brook Bidco Ltd.) (United Kingdom) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan (6 mo. Term SOFR + 6.50%)<sup>(d)</sup> <br>| 10.69% | 08/17/2028 |  | 862 | &nbsp;&nbsp; 827318 |
| &nbsp;&nbsp;&nbsp; Term Loan B (6 mo. GBP SONIA + 7.03%)<sup>(d)</sup> <br>| 11.24% | 07/10/2028 | GBP | 646 | &nbsp;&nbsp; 824808 |
| Mavenir Systems, Inc., Second Lien Term Loan<sup>(d)</sup> <br>| 12.00% | 07/26/2030 |  | 162 | &nbsp;&nbsp; 116023 |
| McAfee LLC, Term Loan B (1 mo. Term SOFR + 3.00%) | 6.92% | 03/01/2029 |  | 995 | &nbsp;&nbsp; 923299 |
| Modena Buyer LLC (End User Computing), Term Loan (3 mo. Term SOFR + 4.25%) | 8.09% | 07/01/2031 |  | 966 | &nbsp;&nbsp; 949060 |
| &nbsp;&nbsp;&nbsp; Natel Engineering Co., Inc., Term Loan (1 mo. PRIME + 5.25%) <br>(Acquired 04/25/2019-10/15/2025; Cost $3,259,445)<sup>(h)</sup> <br>| 12.25% | 04/30/2026 |  | 3266 | &nbsp;&nbsp; 3148722 |
| &nbsp;&nbsp;&nbsp; Native Instruments (Music Creation Group GmbH/APTUS) (Germany), Term Loan B (3 mo. <br> EURIBOR + 7.00%) <br>(Acquired 01/14/2022-09/10/2025; Cost $1,500,964)<sup>(d)(h)</sup> <br>| 5.03% | 03/03/2028 | EUR | 1325 | &nbsp;&nbsp; 597871 |
| Quest Software US Holdings, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. Term SOFR + 4.40%) | 8.24% | 02/01/2029 |  | 1609 | &nbsp;&nbsp; 1378195 |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. Term SOFR + 6.00%) | 9.84% | 02/01/2029 |  | 625 | &nbsp;&nbsp; 647090 |
| Renaissance Holding Corp., Term Loan (1 mo. Term SOFR + 4.00%) | 7.92% | 04/05/2030 |  | 1771 | &nbsp;&nbsp; 1538545 |
| Riverbed Technology LLC, PIK Term Loan, 2.00% PIK Rate, 6.50% Cash Rate<sup>(i)</sup> <br>| 2.00% | 07/01/2028 |  | 1636 | &nbsp;&nbsp; 781851 |
| SonicWall U.S. Holdings, Inc., First Lien Term Loan (3 mo. Term SOFR + 5.00%) | 9.00% | 05/18/2028 |  | 1058 | &nbsp;&nbsp; 935786 |
| Utimaco (SGT Ultimate BidCo GmbH) (Germany) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B-1 (6 mo. EURIBOR + 5.50%)<sup>(d)</sup> <br>| 7.62% | 05/31/2029 | EUR | 2134 | &nbsp;&nbsp; 2476124 |
| &nbsp;&nbsp;&nbsp; Term Loan B-2 (6 mo. Term SOFR + 5.93%)<sup>(d)</sup> <br>| 9.84% | 05/31/2029 |  | 1205 | &nbsp;&nbsp; 1204688 |
|  |  |  |  |  | &nbsp;&nbsp; 21681084 |
| **Financial Intermediaries–3.25%** | **Financial Intermediaries–3.25%** | **Financial Intermediaries–3.25%** | **Financial Intermediaries–3.25%** |  |  |
| AnaCap (AFE S.A. SICAV-RAIF) (Italy) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(d)(f)</sup> <br>| 0.00% | 01/01/2030 | EUR | 664 | &nbsp;&nbsp; 770294 |
| &nbsp;&nbsp;&nbsp; Term Loan (1 mo. EURIBOR + 1.50%)<sup>(d)</sup> <br>| 10.50% | 01/01/2030 | EUR | 489 | &nbsp;&nbsp; 566936 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. EURIBOR + 0.20%)<sup>(d)</sup> <br>| 0.20% | 01/15/2035 | EUR | 4039 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. EURIBOR + 4.00%)<sup>(d)</sup> <br>| 6.02% | 01/15/2030 | EUR | 4937 | &nbsp;&nbsp; 5364088 |
| Edelman Financial Center LLC (The), Second Lien Term Loan (1 mo. Term SOFR + 5.25%) | 9.17% | 10/06/2028 |  | 93 | &nbsp;&nbsp; 93327 |
| Eisner Advisory Group LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (1 mo. Term SOFR + 4.00%)<sup>(d)</sup> <br>| 7.97% | 02/28/2031 |  | 307 | &nbsp;&nbsp; 311019 |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(d)(f)</sup> <br>| 0.00% | 02/28/2031 |  | 269 | &nbsp;&nbsp; 272142 |
| Tegra118 Wealth Solutions, Inc., Term Loan (3 mo. Term SOFR + 4.00%) | 7.89% | 02/18/2027 |  | 555 | &nbsp;&nbsp; 550718 |
|  |  |  |  |  | &nbsp;&nbsp; 7928524 |
| **Food Products–11.91%** | **Food Products–11.91%** | **Food Products–11.91%** | **Food Products–11.91%** |  |  |
| Arnott's (Snacking Investments US LLC), Term Loan B (3 mo. Term SOFR + 3.00%) | 6.84% | 10/08/2032 |  | 541 | &nbsp;&nbsp; 545828 |
| Biscuit Holding S.A.S. (BISPOU/Cookie Acq) (France), Term Loan B (6 mo. EURIBOR + 4.00%) | 6.12% | 02/12/2027 | EUR | 2500 | &nbsp;&nbsp; 2521034 |
| BrightPet (AMCP Pet Holdings, Inc.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Incremental Term Loan B (3 mo. Term SOFR + 4.15%)<sup>(d)(e)</sup> <br>| 7.99% | 10/05/2026 |  | 4154 | &nbsp;&nbsp; 3634599 |
| &nbsp;&nbsp;&nbsp; Revolver Loan (3 mo. Term SOFR + 7.16%)<sup>(d)(e)</sup> <br>| 11.04% | 10/05/2026 |  | 1533 | &nbsp;&nbsp; 1341153 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. Term SOFR + 4.15%)<sup>(d)(e)</sup> <br>| 7.99% | 10/05/2026 |  | 4040 | &nbsp;&nbsp; 3535266 |
| Florida Food Products LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan<sup>(g)</sup> <br>| – | 10/15/2030 |  | 206 | &nbsp;&nbsp; 205159 |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan B (3 mo. Term SOFR + 5.50%) | 9.43% | 10/15/2030 |  | 175 | &nbsp;&nbsp; 173777 |
| &nbsp;&nbsp;&nbsp; Second Lien Term Loan A (3 mo. Term SOFR + 5.11%) | 9.05% | 10/15/2030 |  | 918 | &nbsp;&nbsp; 639294 |
| &nbsp;&nbsp;&nbsp; Second Lien Term Loan C (3 mo. Term SOFR + 5.11%) | 9.05% | 10/15/2030 |  | 162 | &nbsp;&nbsp; 112765 |
| &nbsp;&nbsp;&nbsp; Third Lien Term Loan (3 mo. Term SOFR + 8.11%)<sup>(d)</sup> <br>| 12.05% | 04/15/2031 |  | 866 | &nbsp;&nbsp; 354997 |
| Sigma Holdco B.V. (Netherlands), Term Loan B-12<sup>(g)</sup> <br>| – | 12/31/2027 |  | 1000 | &nbsp;&nbsp; 958335 |
| Teasdale Foods, Inc., Term Loan (3 mo. Term SOFR + 4.40%)<sup>(d)(e)</sup> <br>| 8.24% | 12/18/2025 |  | 16270 | &nbsp;&nbsp; 13504155 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Food Products–(continued)** | **Food Products–(continued)** | **Food Products–(continued)** | **Food Products–(continued)** |  |  |
| Western Smokehouse Partners |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 03/31/2030 |  | $76 | &nbsp;&nbsp; $75229 |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (1 mo. Term SOFR + 5.50%)<sup>(d)(e)</sup> <br>| 9.48% | 03/31/2030 |  | 74 | &nbsp;&nbsp; 72751 |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 03/31/2030 |  | 56 | &nbsp;&nbsp; 55228 |
| &nbsp;&nbsp;&nbsp; Term Loan B (1 mo. Term SOFR + 5.75%)<sup>(d)(e)</sup> <br>| 9.73% | 03/31/2029 |  | 1314 | &nbsp;&nbsp; 1294721 |
|  |  |  |  |  | &nbsp;&nbsp; 29024291 |
| **Food Service–0.49%** | **Food Service–0.49%** | **Food Service–0.49%** | **Food Service–0.49%** |  |  |
| Selecta Group B.V. (Switzerland) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Revolver Loan <br>(Acquired 06/06/2025; Cost $752,124)<sup>(d)(f)(h)</sup> <br>| 0.00% | 08/01/2030 | EUR | 672 | &nbsp;&nbsp; 759807 |
| &nbsp;&nbsp;&nbsp; Revolver Loan (1 mo. EURIBOR + 5.50%) <br>(Acquired 06/06/2025; Cost $441,824)<sup>(d)(h)</sup> <br>| 7.38% | 08/01/2030 | EUR | 395 | &nbsp;&nbsp; 446235 |
|  |  |  |  |  | &nbsp;&nbsp; 1206042 |
| **Forest Products–0.50%** | **Forest Products–0.50%** | **Forest Products–0.50%** | **Forest Products–0.50%** |  |  |
| NewLife Forest Restoration LLC, Term Loan <sup>(d)</sup> <br>| 0.00% | 04/10/2029 |  | 1227 | &nbsp;&nbsp; 1226841 |
| **Health Care–8.12%** | **Health Care–8.12%** | **Health Care–8.12%** | **Health Care–8.12%** |  |  |
| Capitol Imaging Services LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 01/03/2030 |  | 94 | &nbsp;&nbsp; 93613 |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (3 mo. Term SOFR + 5.00%)<sup>(d)(e)</sup> <br>| 8.90% | 01/03/2030 |  | 282 | &nbsp;&nbsp; 280137 |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 01/03/2030 |  | 94 | &nbsp;&nbsp; 93613 |
| &nbsp;&nbsp;&nbsp; Revolver Loan (3 mo. Term SOFR + 5.00%)<sup>(d)(e)</sup> <br>| 8.89% | 01/03/2030 |  | 34 | &nbsp;&nbsp; 34041 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. Term SOFR + 5.25%)<sup>(d)(e)</sup> <br>| 8.96% | 12/31/2029 |  | 1980 | &nbsp;&nbsp; 1968022 |
| Cerba (Chrome Bidco) (France) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Incremental Term Loan D (6 mo. EURIBOR + 5.45%) | 7.51% | 02/16/2029 | EUR | 3000 | &nbsp;&nbsp; 2584244 |
| &nbsp;&nbsp;&nbsp; Term Loan B (6 mo. EURIBOR + 3.70%) | 5.76% | 06/30/2028 | EUR | 4000 | &nbsp;&nbsp; 3443849 |
| Global Medical Response, Inc., Term Loan B (3 mo. Term SOFR + 3.50%) | 7.38% | 09/13/2032 |  | 1573 | &nbsp;&nbsp; 1583269 |
| MedAssets Software Intermediate Holdings, Inc. (nThrive TSG) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. Term SOFR + 5.25%) | 9.25% | 12/17/2028 |  | 96 | &nbsp;&nbsp; 90201 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. Term SOFR + 4.00%) | 8.00% | 12/17/2028 |  | 494 | &nbsp;&nbsp; 444354 |
| &nbsp;&nbsp;&nbsp; Term Loan (1 mo. Term SOFR + 4.11%) | 8.07% | 12/17/2028 |  | 437 | &nbsp;&nbsp; 334086 |
| Organon & Co., Term Loan (1 mo. Term SOFR + 2.25%) | 6.17% | 05/19/2031 |  | 367 | &nbsp;&nbsp; 354141 |
| Precision Medicine Group LLC, Term Loan B<sup>(g)</sup> <br>| – | 08/13/2032 |  | 788 | &nbsp;&nbsp; 791203 |
| Quidel Ortho Corp., Term Loan (3 mo. Term SOFR + 4.00%) | 8.00% | 08/13/2032 |  | 790 | &nbsp;&nbsp; 787038 |
| SDB Holdco LLC (Specialty Dental Brands) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(d)(f)</sup> <br>| 0.00% | 03/18/2027 |  | 27 | &nbsp;&nbsp; 27960 |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (1 mo. Term SOFR + 7.10%)<sup>(d)(e)</sup> <br>| 11.23% | 03/18/2027 |  | 748 | &nbsp;&nbsp; 783951 |
| &nbsp;&nbsp;&nbsp; Term Loan A (1 mo. Term SOFR + 7.50%)<sup>(d)(e)</sup> <br>| 11.08% | 03/18/2027 |  | 6618 | &nbsp;&nbsp; 5618562 |
| TTF Holdings LLC (Soliant), Term Loan B (6 mo. Term SOFR + 3.75%) | 7.79% | 07/18/2031 |  | 564 | &nbsp;&nbsp; 478180 |
|  |  |  |  |  | &nbsp;&nbsp; 19790464 |
| **Home Furnishings–1.74%** | **Home Furnishings–1.74%** | **Home Furnishings–1.74%** | **Home Furnishings–1.74%** |  |  |
| Hunter Douglas Holding B.V. (Netherlands), Term Loan B-1 (3 mo. Term SOFR + 3.00%) | 7.25% | 01/14/2032 |  | 995 | &nbsp;&nbsp; 999589 |
| Kidde Global Solutions, Term Loan (1 mo. Term SOFR + 3.50%) | 7.48% | 12/02/2031 |  | 682 | &nbsp;&nbsp; 683880 |
| Serta Simmons Bedding LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Lien Term Loan (3 mo. Term SOFR + 7.62%)<sup>(d)</sup> <br>| 11.48% | 06/29/2028 |  | 120 | &nbsp;&nbsp; 119664 |
| &nbsp;&nbsp;&nbsp; Term Loan (3 mo. Term SOFR + 7.62%) | 11.62% | 06/29/2028 |  | 1684 | &nbsp;&nbsp; 1587006 |
| Weber-Stephen Products LLC, Term Loan (3 mo. Term SOFR + 3.75%) | 7.74% | 09/17/2032 |  | 863 | &nbsp;&nbsp; 863021 |
|  |  |  |  |  | &nbsp;&nbsp; 4253160 |
| **Industrial Equipment–1.59%** | **Industrial Equipment–1.59%** | **Industrial Equipment–1.59%** | **Industrial Equipment–1.59%** |  |  |
| Discovery Energy Holding Co. (Kohler Energy), Term Loan B (3 mo. Term SOFR + 3.75%) | 7.75% | 05/01/2031 |  | 317 | &nbsp;&nbsp; 318739 |
| Kantar (Summer BC Bidco/KANGRP) (Luxembourg) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)</sup> <br>| 0.00% | 06/04/2026 |  | 112 | &nbsp;&nbsp; 103688 |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(f)</sup> <br>| 0.00% | 06/04/2026 |  | 2388 | &nbsp;&nbsp; 2208812 |
| &nbsp;&nbsp;&nbsp; Term Loan B (3 mo. Term SOFR + 5.26%) | 9.26% | 02/15/2029 |  | 457 | &nbsp;&nbsp; 432017 |
| Tank Holding Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(f)</sup> <br>| 0.00% | 03/31/2028 |  | 176 | &nbsp;&nbsp; 162347 |
| &nbsp;&nbsp;&nbsp; Term Loan (1 mo. Term SOFR + 5.85%) | 9.77% | 03/31/2028 |  | 440 | &nbsp;&nbsp; 411940 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Industrial Equipment–(continued)** | **Industrial Equipment–(continued)** | **Industrial Equipment–(continued)** | **Industrial Equipment–(continued)** |  |  |
| Victory Buyer LLC (Vantage Elevator), Second Lien Term Loan (1 mo. Term SOFR + 7.11%)<sup>(d)</sup> <br>| 11.03% | 11/19/2029 |  | $259 | &nbsp;&nbsp; $248113 |
|  |  |  |  |  | &nbsp;&nbsp; 3885656 |
| **Leisure Goods, Activities & Movies–3.04%** | **Leisure Goods, Activities & Movies–3.04%** | **Leisure Goods, Activities & Movies–3.04%** | **Leisure Goods, Activities & Movies–3.04%** |  |  |
| Crown Finance US, Inc., First Lien Term Loan (1 mo. Term SOFR + 4.50%) | 8.48% | 12/02/2031 |  | 2603 | &nbsp;&nbsp; 2604921 |
| Fitness International LLC, Term Loan B<sup>(g)</sup> <br>| – | 02/05/2029 |  | 498 | &nbsp;&nbsp; 500211 |
| Parques Reunidos (Piolin Bidco S.A.U.) (Spain), Revolver Loan<sup>(d)(f)</sup> <br>| 0.00% | 03/16/2026 | EUR | 1529 | &nbsp;&nbsp; 1720959 |
| Vue International Bidco PLC (United Kingdom) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Second Lien Term Loan (6 mo. EURIBOR + 0.10%) <br>(Acquired 02/20/2024-10/08/2025; Cost $701,034)<sup>(d)(h)</sup> <br>| 2.20% | 12/31/2027 | EUR | 854 | &nbsp;&nbsp; 1338625 |
| &nbsp;&nbsp;&nbsp; Term Loan (6 mo. EURIBOR + 0.10%) <br>(Acquired 02/20/2024-10/08/2025; Cost $564,630)<sup>(d)(h)</sup> <br>| 2.20% | 12/31/2027 | EUR | 528 | &nbsp;&nbsp; 826852 |
| &nbsp;&nbsp;&nbsp; Term Loan (6 mo. EURIBOR + 8.00%)<sup>(d)</sup> <br>| 10.10% | 06/30/2027 | EUR | 237 | &nbsp;&nbsp; 412975 |
|  |  |  |  |  | &nbsp;&nbsp; 7404543 |
| **Lodging & Casinos–1.09%** | **Lodging & Casinos–1.09%** | **Lodging & Casinos–1.09%** | **Lodging & Casinos–1.09%** |  |  |
| Fertitta Entertainment LLC (Golden Nugget), Term Loan (1 mo. Term SOFR + 3.25%) | 7.17% | 01/27/2029 |  | 970 | &nbsp;&nbsp; 969889 |
| Voyager Parent LLC, Term Loan B (3 mo. Term SOFR + 4.75%) | 8.75% | 05/10/2032 |  | 1672 | &nbsp;&nbsp; 1676149 |
|  |  |  |  |  | &nbsp;&nbsp; 2646038 |
| **Nonferrous Metals & Minerals–0.10%** | **Nonferrous Metals & Minerals–0.10%** | **Nonferrous Metals & Minerals–0.10%** | **Nonferrous Metals & Minerals–0.10%** |  |  |
| Form Technologies LLC, Term Loan (1 mo. Term SOFR + 5.75%) | 9.62% | 05/30/2030 |  | 268 | &nbsp;&nbsp; 239429 |
| **Oil & Gas–2.38%** | **Oil & Gas–2.38%** | **Oil & Gas–2.38%** | **Oil & Gas–2.38%** |  |  |
| McDermott International Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LOC<sup>(f)</sup> <br>| 0.00% | 06/30/2027 |  | 2601 | &nbsp;&nbsp; 2353725 |
| &nbsp;&nbsp;&nbsp; LOC (3 mo. Term SOFR + 4.57%)<sup>(d)</sup> <br>| 8.55% | 06/30/2027 |  | 1306 | &nbsp;&nbsp; 1077175 |
| &nbsp;&nbsp;&nbsp; PIK Term Loan, 3.00% PIK Rate, 5.03% Cash Rate<sup>(i)</sup> <br>| 3.00% | 12/31/2027 |  | 1211 | &nbsp;&nbsp; 959471 |
| &nbsp;&nbsp;&nbsp; Term Loan (1 mo. Term SOFR + 3.11%) | 7.03% | 06/30/2027 |  | 180 | &nbsp;&nbsp; 147054 |
| Third Coast Super Holdings LLC, Term Loan B<sup>(g)</sup> <br>| – | 09/25/2030 |  | 1251 | &nbsp;&nbsp; 1255047 |
|  |  |  |  |  | &nbsp;&nbsp; 5792472 |
| **Publishing–1.32%** | **Publishing–1.32%** | **Publishing–1.32%** | **Publishing–1.32%** |  |  |
| Cengage Learning, Inc., Term Loan B (1 mo. Term SOFR + 3.50%) | 7.42% | 03/22/2031 |  | 1270 | &nbsp;&nbsp; 1263358 |
| &nbsp;&nbsp;&nbsp; Harbor Purchaser, Inc. (Houghton Mifflin Harcourt), First Lien Term Loan B (1 mo. Term SOFR <br> + 5.35%)<br>| 9.27% | 04/09/2029 |  | 2321 | &nbsp;&nbsp; 1943436 |
|  |  |  |  |  | &nbsp;&nbsp; 3206794 |
| **Radio & Television–0.18%** | **Radio & Television–0.18%** | **Radio & Television–0.18%** | **Radio & Television–0.18%** |  |  |
| iHeartCommunications, Inc., Term Loan (1 mo. Term SOFR + 5.89%) | 9.81% | 05/01/2029 |  | 478 | &nbsp;&nbsp; 427726 |
| **Retailers (except Food & Drug)–0.75%** | **Retailers (except Food & Drug)–0.75%** | **Retailers (except Food & Drug)–0.75%** | **Retailers (except Food & Drug)–0.75%** |  |  |
| Bass Pro Group LLC, Term Loan B (1 mo. Term SOFR + 3.25%) | 7.17% | 01/31/2032 |  | 1194 | &nbsp;&nbsp; 1198821 |
| PetSmart, Inc., Term Loan B (1 mo. Term SOFR + 4.00%) | 7.96% | 08/06/2032 |  | 627 | &nbsp;&nbsp; 623052 |
|  |  |  |  |  | &nbsp;&nbsp; 1821873 |
| **Surface Transport–0.72%** | **Surface Transport–0.72%** | **Surface Transport–0.72%** | **Surface Transport–0.72%** |  |  |
| Source Holding Delaware LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan<sup>(d)(e)(f)</sup> <br>| 0.00% | 02/07/2031 |  | 369 | &nbsp;&nbsp; 365727 |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan (3 mo. Term SOFR+ 4.75%)<sup>(d)(e)</sup> <br>| 8.65% | 02/07/2031 |  | 19 | &nbsp;&nbsp; 18988 |
| &nbsp;&nbsp;&nbsp; Revolver Loan<sup>(d)(f)</sup> <br>| 0.00% | 02/07/2031 |  | 152 | &nbsp;&nbsp; 150039 |
| &nbsp;&nbsp;&nbsp; Revolver Loan (3 mo. Term SOFR+ 6.89%)<sup>(d)(e)</sup> <br>| 10.75% | 02/07/2031 |  | 43 | &nbsp;&nbsp; 42319 |
| &nbsp;&nbsp;&nbsp; Term Loan A (3 mo. Term SOFR+ 4.75%)<sup>(d)(e)</sup> <br>| 8.60% | 02/07/2031 |  | 899 | &nbsp;&nbsp; 890307 |
| &nbsp;&nbsp;&nbsp; STG Distribution LLC, PIK Term Loan, 7.25% PIK Rate, 5.09% Cash Rate <br>(Acquired 10/03/2024-10/08/2025; Cost $272,588)<sup>(d)(h)(i)</sup> <br>| 7.25% | 10/03/2029 |  | 286 | &nbsp;&nbsp; 276173 |
|  |  |  |  |  | &nbsp;&nbsp; 1743553 |
| **Telecommunications–2.47%** | **Telecommunications–2.47%** | **Telecommunications–2.47%** | **Telecommunications–2.47%** |  |  |
| Inmarsat Finance PLC (United Kingdom), Term Loan (1 mo. Term SOFR + 4.50%) | 8.42% | 09/27/2029 |  | 671 | &nbsp;&nbsp; 667964 |
| Iridium Satellite LLC, Term Loan B<sup>(g)</sup> <br>| – | 09/20/2030 |  | 504 | &nbsp;&nbsp; 483525 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Telecommunications–(continued)** | **Telecommunications–(continued)** | **Telecommunications–(continued)** | **Telecommunications–(continued)** |  |  |
| MLN US HoldCo LLC (dba Mitel) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan A-1 (1 mo. Term SOFR + 4.00%) <br>(Acquired 06/25/2025-11/24/2025; Cost $541,974)<sup>(d)(h)</sup> <br>| 7.95% | 06/20/2028 |  | $551 | &nbsp;&nbsp; $541138 |
| &nbsp;&nbsp;&nbsp; Term Loan A-2 (1 mo. Term SOFR + 2.00%) <br>(Acquired 06/20/2025-11/24/2025; Cost $1,842,485)<sup>(d)(h)</sup> <br>| 5.95% | 06/20/2030 |  | 2113 | &nbsp;&nbsp; 1808408 |
| U.S. TelePacific Corp., Third Lien Term Loan<sup>(d)</sup> <br>| 0.00% | 05/02/2027 |  | 100 | &nbsp;&nbsp; 0 |
| ViaSat, Inc., Term Loan B (1 mo. Term SOFR + 4.50%) | 8.57% | 05/30/2030 |  | 749 | &nbsp;&nbsp; 742931 |
| Windstream Services LLC, Term Loan B (1 mo. Term SOFR + 4.00%) | 7.92% | 09/25/2031 |  | 506 | &nbsp;&nbsp; 504636 |
| Zayo Group Holdings, Inc., Term Loan (1 mo. Term SOFR + 3.61%) | 7.53% | 03/11/2030 |  | 1339 | &nbsp;&nbsp; 1273544 |
|  |  |  |  |  | &nbsp;&nbsp; 6022146 |
| **Utilities–0.28%** | **Utilities–0.28%** | **Utilities–0.28%** | **Utilities–0.28%** |  |  |
| Eastern Power LLC, Term Loan (1 mo. Term SOFR + 5.25%) | 9.17% | 04/03/2028 |  | 668 | &nbsp;&nbsp; 673180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests (Cost $252,262,920) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests (Cost $252,262,920) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests (Cost $252,262,920) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests (Cost $252,262,920) |  | &nbsp;&nbsp; 237378713 |
|  |  |  | **Shares** | **Shares** |  |
| **Common Stocks & Other Equity Interests–16.59%**<sup>(j)</sup>  | **Common Stocks & Other Equity Interests–16.59%**<sup>(j)</sup>  | **Common Stocks & Other Equity Interests–16.59%**<sup>(j)</sup>  | **Common Stocks & Other Equity Interests–16.59%**<sup>(j)</sup>  | **Common Stocks & Other Equity Interests–16.59%**<sup>(j)</sup>  | **Common Stocks & Other Equity Interests–16.59%**<sup>(j)</sup>  |
| **Aerospace & Defense–0.40%** | **Aerospace & Defense–0.40%** | **Aerospace & Defense–0.40%** | **Aerospace & Defense–0.40%** |  |  |
| IAP Worldwide Services, Inc. (Acquired 07/18/2014-08/18/2014; Cost $239,759)<sup>(d)(h)</sup> <br>|  |  |  | 220 | &nbsp;&nbsp; 0 |
| IAP Worldwide Services, Inc., Class A<sup>(d)(e)</sup> <br>|  |  |  | 221331 | &nbsp;&nbsp; 221331 |
| IAP Worldwide Services, Inc.<sup>(d)(e)</sup> <br>|  |  |  | 1382229 | &nbsp;&nbsp; 746402 |
|  |  |  |  |  | &nbsp;&nbsp; 967733 |
| **Automotive–0.04%** | **Automotive–0.04%** | **Automotive–0.04%** | **Automotive–0.04%** |  |  |
| Cabonline, Class D (Acquired 10/30/2023; Cost $57,053) (Sweden)<sup>(d)(h)</sup> <br>|  |  |  | 63547434 | &nbsp;&nbsp; 90867 |
| Cabonline, Class D1 (Acquired 10/30/2023; Cost $2) (Sweden)<sup>(d)(h)</sup> <br>|  |  |  | 2236496 | &nbsp;&nbsp; 238 |
| Cabonline, Class D2 (Acquired 10/31/2023; Cost $2) (Sweden)<sup>(d)(h)</sup> <br>|  |  |  | 1908761 | &nbsp;&nbsp; 102 |
| Muth Mirror Systems LLC<sup>(d)</sup> <br>|  |  |  | 29146 | &nbsp;&nbsp; 0 |
| Muth Mirror Systems LLC, Wts.<sup>(d)(e)</sup> <br>|  |  |  | 195471 | &nbsp;&nbsp; 1 |
|  |  |  |  |  | &nbsp;&nbsp; 91208 |
| **Beverage & Tobacco–0.00%** | **Beverage & Tobacco–0.00%** | **Beverage & Tobacco–0.00%** | **Beverage & Tobacco–0.00%** |  |  |
| BrewCo Borrower LLC<sup>(d)</sup> <br>|  |  |  | 3052 | &nbsp;&nbsp; 2469 |
| **Building & Development–0.00%** | **Building & Development–0.00%** | **Building & Development–0.00%** | **Building & Development–0.00%** |  |  |
| &nbsp;&nbsp;&nbsp; Lake at Las Vegas Joint Venture LLC, Class A (Acquired 07/15/2010; <br> Cost $24,140,508)<sup>(d)(h)</sup> <br>|  |  |  | 2338 | &nbsp;&nbsp; 0 |
| Lake at Las Vegas Joint Venture LLC, Class B (Acquired 07/15/2010; Cost $285,788)<sup>(d)(h)</sup> <br>|  |  |  | 28 | &nbsp;&nbsp; 0 |
|  |  |  |  |  | &nbsp;&nbsp; 0 |
| **Business Equipment & Services–8.48%** | **Business Equipment & Services–8.48%** | **Business Equipment & Services–8.48%** | **Business Equipment & Services–8.48%** |  |  |
| &nbsp;&nbsp;&nbsp; Monitronics International, Inc. (Acquired 06/30/2023-10/27/2025; <br> Cost $2,360,951)<sup>(d)(h)</sup> <br>|  |  |  | 118591 | &nbsp;&nbsp; 5189542 |
| My Alarm Center LLC, Class A (Acquired 03/09/2021-05/17/2024; Cost $4,158,157)<sup>(d)(h)</sup> <br>|  |  |  | 47743 | &nbsp;&nbsp; 15466789 |
|  |  |  |  |  | &nbsp;&nbsp; 20656331 |
| **Cable & Satellite Television–0.29%** | **Cable & Satellite Television–0.29%** | **Cable & Satellite Television–0.29%** | **Cable & Satellite Television–0.29%** |  |  |
| Altice France S.A. (France) |  |  |  | 38129 | &nbsp;&nbsp; 697114 |
| **Chemicals & Plastics–0.00%** | **Chemicals & Plastics–0.00%** | **Chemicals & Plastics–0.00%** | **Chemicals & Plastics–0.00%** |  |  |
| Flint Group (ColourOz Inv), Class A (Acquired 09/19/2023; Cost $0) (Germany)<sup>(d)(h)</sup> <br>|  |  |  | 18948 | &nbsp;&nbsp; 0 |
| **Containers & Glass Products–0.34%** | **Containers & Glass Products–0.34%** | **Containers & Glass Products–0.34%** | **Containers & Glass Products–0.34%** |  |  |
| Libbey Glass LLC (Acquired 11/13/2020-09/05/2025; Cost $344,530)<sup>(d)(h)</sup> <br>|  |  |  | 76695 | &nbsp;&nbsp; 829840 |
| **Electronics & Electrical–0.00%** | **Electronics & Electrical–0.00%** | **Electronics & Electrical–0.00%** | **Electronics & Electrical–0.00%** |  |  |
| Riverbed Technology LLC, Class B (Acquired 07/03/2023; Cost $5,458)<sup>(d)(h)</sup> <br>|  |  |  | 41987 | &nbsp;&nbsp; 2120 |
| Sandvine Corp. (Acquired 06/28/2024; Cost $0)<sup>(d)(h)</sup> <br>|  |  |  | 5849 | &nbsp;&nbsp; 0 |
|  |  |  |  |  | &nbsp;&nbsp; 2120 |
| **Financial Intermediaries–0.58%** | **Financial Intermediaries–0.58%** | **Financial Intermediaries–0.58%** | **Financial Intermediaries–0.58%** |  |  |
| RJO Holdings Corp., Class A<sup>(d)</sup> <br>|  |  |  | 1142 | &nbsp;&nbsp; 720413 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  | **Shares** | **Shares** | **Value** |
| **Financial Intermediaries–(continued)** | **Financial Intermediaries–(continued)** | **Financial Intermediaries–(continued)** | **Financial Intermediaries–(continued)** |  |  |
| RJO Holdings Corp., Class B<sup>(d)</sup> <br>|  |  |  | 3334 | &nbsp;&nbsp; $694733 |
|  |  |  |  |  | &nbsp;&nbsp; 1415146 |
| **Food Service–0.69%** | **Food Service–0.69%** | **Food Service–0.69%** | **Food Service–0.69%** |  |  |
| Selecta Group B.V., Class A1 (Switzerland)<sup>(d)</sup> <br>|  |  |  | 11326 | &nbsp;&nbsp; 1325252 |
| Selecta Group B.V., Class A2 (Switzerland)<sup>(d)</sup> <br>|  |  |  | 2999 | &nbsp;&nbsp; 350912 |
|  |  |  |  |  | &nbsp;&nbsp; 1676164 |
| **Forest Products–1.14%** | **Forest Products–1.14%** | **Forest Products–1.14%** | **Forest Products–1.14%** |  |  |
| NewLife Forest Restoration LLC<sup>(d)</sup> <br>|  |  |  | 39150 | &nbsp;&nbsp; 2792590 |
| **Health Care–0.00%** | **Health Care–0.00%** | **Health Care–0.00%** | **Health Care–0.00%** |  |  |
| SDB Holdco LLC (Specialty Dental Brands)<sup>(d)</sup> <br>|  |  |  | 5863446 | &nbsp;&nbsp; 0 |
| **Home Furnishings–0.22%** | **Home Furnishings–0.22%** | **Home Furnishings–0.22%** | **Home Furnishings–0.22%** |  |  |
| Serta Simmons Bedding LLC (Acquired 06/29/2023; Cost $9,550)<sup>(h)</sup> <br>|  |  |  | 61610 | &nbsp;&nbsp; 542168 |
| **Industrial Equipment–0.02%** | **Industrial Equipment–0.02%** | **Industrial Equipment–0.02%** | **Industrial Equipment–0.02%** |  |  |
| North American Lifting Holdings, Inc. |  |  |  | 62889 | &nbsp;&nbsp; 42198 |
| **Leisure Goods, Activities & Movies–1.27%** | **Leisure Goods, Activities & Movies–1.27%** | **Leisure Goods, Activities & Movies–1.27%** | **Leisure Goods, Activities & Movies–1.27%** |  |  |
| Crown Finance US, Inc. |  |  |  | 149869 | &nbsp;&nbsp; 3101765 |
| &nbsp;&nbsp;&nbsp; Vue International Bidco PLC, Class A1 (Acquired 02/20/2024; Cost $0) (United <br> Kingdom)<sup>(d)(h)</sup> <br>|  |  |  | 2084 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; Vue International Bidco PLC, Class A2 (Acquired 02/20/2024; Cost $0) (United <br> Kingdom)<sup>(d)(h)</sup> <br>|  |  |  | 1026420 | &nbsp;&nbsp; 1 |
| Vue International Bidco PLC, Class A3 (United Kingdom)<sup>(d)</sup> <br>|  |  |  | 638918 | &nbsp;&nbsp; 1 |
| Vue International Bidco PLC, Class A4 (United Kingdom)<sup>(d)</sup> <br>|  |  |  | 445416 | &nbsp;&nbsp; 0 |
|  |  |  |  |  | &nbsp;&nbsp; 3101767 |
| **Oil & Gas–1.63%** | **Oil & Gas–1.63%** | **Oil & Gas–1.63%** | **Oil & Gas–1.63%** |  |  |
| McDermott International Ltd.<sup>(k)</sup> <br>|  |  |  | 106979 | &nbsp;&nbsp; 2300049 |
| Samson Investment Co., Class A (Acquired 03/01/2017; Cost $2,932,743)<sup>(d)(h)</sup> <br>|  |  |  | 163748 | &nbsp;&nbsp; 21287 |
| Tribune Resources LLC (Acquired 04/03/2018; Cost $1,915,487)<sup>(h)</sup> <br>|  |  |  | 376237 | &nbsp;&nbsp; 1646037 |
|  |  |  |  |  | &nbsp;&nbsp; 3967373 |
| **Radio & Television–0.00%** | **Radio & Television–0.00%** | **Radio & Television–0.00%** | **Radio & Television–0.00%** |  |  |
| iHeartMedia, Inc., Class B<sup>(d)(k)</sup> <br>|  |  |  | 42 | &nbsp;&nbsp; 142 |
| **Retailers (except Food & Drug)–0.00%** | **Retailers (except Food & Drug)–0.00%** | **Retailers (except Food & Drug)–0.00%** | **Retailers (except Food & Drug)–0.00%** |  |  |
| Claire's Stores, Inc. |  |  |  | 420 | &nbsp;&nbsp; 43 |
| Vivarte S.A.S.U. (France)<sup>(d)</sup> <br>|  |  |  | 1220502 | &nbsp;&nbsp; 1 |
|  |  |  |  |  | &nbsp;&nbsp; 44 |
| **Surface Transport–0.80%** | **Surface Transport–0.80%** | **Surface Transport–0.80%** | **Surface Transport–0.80%** |  |  |
| Commercial Barge Line Co. (Acquired 02/15/2018-02/06/2020; Cost $743,133)<sup>(d)(h)</sup> <br>|  |  |  | 8956 | &nbsp;&nbsp; 883063 |
| &nbsp;&nbsp;&nbsp; Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045 (Acquired <br> 08/18/2023-08/20/2025; Cost $120,110)<sup>(d)(h)</sup> <br>|  |  |  | 236288 | &nbsp;&nbsp; 147680 |
| &nbsp;&nbsp;&nbsp; Commercial Barge Line Co., Wts., expiring 04/27/2045 (Acquired <br> 02/15/2018-02/06/2020; Cost $781,183)<sup>(d)(h)</sup> <br>|  |  |  | 9414 | &nbsp;&nbsp; 928220 |
|  |  |  |  |  | &nbsp;&nbsp; 1958963 |
| **Telecommunications–0.69%** | **Telecommunications–0.69%** | **Telecommunications–0.69%** | **Telecommunications–0.69%** |  |  |
| MLN US HoldCo LLC (dba Mitel) (Acquired 06/20/2025; Cost $949,642)<sup>(d)(h)</sup> <br>|  |  |  | 263002 | &nbsp;&nbsp; 1680583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $65,551,198) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $65,551,198) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $65,551,198) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $65,551,198) |  | &nbsp;&nbsp; 40423953 |
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> |  |
| **Non-U.S. Dollar Denominated Bonds & Notes–3.18%**<sup>(l)</sup>  | **Non-U.S. Dollar Denominated Bonds & Notes–3.18%**<sup>(l)</sup>  | **Non-U.S. Dollar Denominated Bonds & Notes–3.18%**<sup>(l)</sup>  | **Non-U.S. Dollar Denominated Bonds & Notes–3.18%**<sup>(l)</sup>  | **Non-U.S. Dollar Denominated Bonds & Notes–3.18%**<sup>(l)</sup>  | **Non-U.S. Dollar Denominated Bonds & Notes–3.18%**<sup>(l)</sup>  |
| **Automotive–0.38%** | **Automotive–0.38%** | **Automotive–0.38%** | **Automotive–0.38%** |  |  |
| Cabonline Group Holding AB (Sweden) (Acquired 10/13/2023; Cost $167,528)<sup>(h)(m)</sup> <br>| 10.00% | 03/19/2028 | SEK | 1909 | &nbsp;&nbsp; 194593 |
| Cabonline Group Holding AB (Sweden) (Acquired 10/12/2023; Cost $347,109)<sup>(h)(m)</sup> <br>| 12.00% | 03/19/2028 | SEK | 3818 | &nbsp;&nbsp; 389186 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Automotive–(continued)** | **Automotive–(continued)** | **Automotive–(continued)** | **Automotive–(continued)** |  |  |
| Cabonline Group Holding AB (Sweden) (Acquired 03/24/2022; Cost $784,118)<sup>(h)(m)(n)</sup> <br>| 0.00% | 04/19/2029 | SEK | 7380 | &nbsp;&nbsp; $340053 |
|  |  |  |  |  | &nbsp;&nbsp; 923832 |
| **Financial Intermediaries–2.35%** | **Financial Intermediaries–2.35%** | **Financial Intermediaries–2.35%** | **Financial Intermediaries–2.35%** |  |  |
| Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 5.50%)<sup>(m)(o)</sup> <br>| 7.51% | 12/15/2029 | EUR | 3000 | &nbsp;&nbsp; 3437935 |
| Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 5.50%)<sup>(m)(o)</sup> <br>| 7.51% | 12/15/2029 | EUR | 2000 | &nbsp;&nbsp; 2291956 |
|  |  |  |  |  | &nbsp;&nbsp; 5729891 |
| **Food Service–0.45%** | **Food Service–0.45%** | **Food Service–0.45%** | **Food Service–0.45%** |  |  |
| Seagull Bidco Ltd. (Switzerland)<sup>(d)</sup> <br>| 15.00% | 10/01/2030 | EUR | 940 | &nbsp;&nbsp; 1091033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $7,831,304) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $7,831,304) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $7,831,304) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $7,831,304) |  | &nbsp;&nbsp; 7744756 |
|  |  |  | **Shares** | **Shares** |  |
| **Preferred Stocks–2.90%**<sup>(j)</sup>  | **Preferred Stocks–2.90%**<sup>(j)</sup>  | **Preferred Stocks–2.90%**<sup>(j)</sup>  | **Preferred Stocks–2.90%**<sup>(j)</sup>  | **Preferred Stocks–2.90%**<sup>(j)</sup>  | **Preferred Stocks–2.90%**<sup>(j)</sup>  |
| **Health Care–0.00%** | **Health Care–0.00%** | **Health Care–0.00%** | **Health Care–0.00%** |  |  |
| SDB Holdco LLC (Specialty Dental Brands), Pfd.<sup>(d)</sup> <br>|  |  |  | 2844928 | &nbsp;&nbsp; 0 |
| **Oil & Gas–0.00%** | **Oil & Gas–0.00%** | **Oil & Gas–0.00%** | **Oil & Gas–0.00%** |  |  |
| &nbsp;&nbsp;&nbsp; Southcross Energy Partners L.P., Pfd. (Acquired 05/07/2019-05/09/2019; <br> Cost $285,287)<sup>(d)(h)</sup> <br>|  |  |  | 288392 | &nbsp;&nbsp; 1702 |
| **Surface Transport–2.90%** | **Surface Transport–2.90%** | **Surface Transport–2.90%** | **Surface Transport–2.90%** |  |  |
| &nbsp;&nbsp;&nbsp; Commercial Barge Line Co., Series B, Pfd. (Acquired 02/05/2020-10/27/2020; <br> Cost $978,436)<sup>(d)(h)</sup> <br>|  |  |  | 42058 | &nbsp;&nbsp; 4146919 |
| Commercial Barge Line Co., Series B, Pfd.,Wts., expiring 04/27/2045<sup>(d)</sup> <br>|  |  |  | 29536 | &nbsp;&nbsp; 2912249 |
|  |  |  |  |  | &nbsp;&nbsp; 7059168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks (Cost $2,831,369) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks (Cost $2,831,369) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks (Cost $2,831,369) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks (Cost $2,831,369) |  | &nbsp;&nbsp; 7060870 |
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> |  |
| **U.S. Dollar Denominated Bonds & Notes–1.79%** | **U.S. Dollar Denominated Bonds & Notes–1.79%** | **U.S. Dollar Denominated Bonds & Notes–1.79%** | **U.S. Dollar Denominated Bonds & Notes–1.79%** | **U.S. Dollar Denominated Bonds & Notes–1.79%** | **U.S. Dollar Denominated Bonds & Notes–1.79%** |
| **Aerospace & Defense–0.38%** | **Aerospace & Defense–0.38%** | **Aerospace & Defense–0.38%** | **Aerospace & Defense–0.38%** |  |  |
| Rand Parent LLC <sup>(m)</sup> <br>| 8.50% | 02/15/2030 |  | $890 | &nbsp;&nbsp; 919295 |
| **Building & Development–0.11%** | **Building & Development–0.11%** | **Building & Development–0.11%** | **Building & Development–0.11%** |  |  |
| Signal Parent, Inc. (Acquired 09/11/2023-09/27/2023; Cost $421,222)<sup>(d)(h)(m)</sup> <br>| 6.13% | 04/01/2029 |  | 564 | &nbsp;&nbsp; 280139 |
| **Electronics & Electrical–0.24%** | **Electronics & Electrical–0.24%** | **Electronics & Electrical–0.24%** | **Electronics & Electrical–0.24%** |  |  |
| ION Platform Finance US, Inc. <sup>(m)</sup> <br>| 7.88% | 09/30/2032 |  | 243 | &nbsp;&nbsp; 231838 |
| ION Platform Finance US, Inc./ION Platform Finance S.a.r.l.<sup>(m)</sup> <br>| 9.00% | 08/01/2029 |  | 347 | &nbsp;&nbsp; 346977 |
|  |  |  |  |  | &nbsp;&nbsp; 578815 |
| **Food Products–0.45%** | **Food Products–0.45%** | **Food Products–0.45%** | **Food Products–0.45%** |  |  |
| Teasdale Foods, Inc. (Acquired 12/18/2020-09/30/2025; Cost $3,403,982)<sup>(d)(e)(h)</sup> <br>| 16.25% | 06/18/2026 |  | 3423 | &nbsp;&nbsp; 0 |
| Viking Baked Goods Acquisition Corp.<sup>(m)</sup> <br>| 8.63% | 11/01/2031 |  | 1072 | &nbsp;&nbsp; 1085790 |
|  |  |  |  |  | &nbsp;&nbsp; 1085790 |
| **Health Care–0.08%** | **Health Care–0.08%** | **Health Care–0.08%** | **Health Care–0.08%** |  |  |
| Organon & Co./Organon Foreign Debt Co-Issuer B.V. <sup>(m)</sup> <br>| 6.75% | 05/15/2034 |  | 230 | &nbsp;&nbsp; 207264 |
| **Retailers (except Food & Drug)–0.19%** | **Retailers (except Food & Drug)–0.19%** | **Retailers (except Food & Drug)–0.19%** | **Retailers (except Food & Drug)–0.19%** |  |  |
| PetSmart LLC/PetSmart Finance Corp. <sup>(m)</sup> <br>| 7.50% | 09/15/2032 |  | 470 | &nbsp;&nbsp; 474774 |
| **Telecommunications–0.34%** | **Telecommunications–0.34%** | **Telecommunications–0.34%** | **Telecommunications–0.34%** |  |  |
| Level 3 Financing, Inc. <sup>(m)</sup> <br>| 7.00% | 03/31/2034 |  | 176 | &nbsp;&nbsp; 180431 |
| Windstream Services LLC<sup>(m)</sup> <br>| 7.50% | 10/15/2033 |  | 634 | &nbsp;&nbsp; 645812 |
|  |  |  |  |  | &nbsp;&nbsp; 826243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $6,958,964) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $6,958,964) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $6,958,964) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $6,958,964) |  | &nbsp;&nbsp; 4372320 |

---

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Asset-Backed Securities–0.24%** | **Asset-Backed Securities–0.24%** | **Asset-Backed Securities–0.24%** | **Asset-Backed Securities–0.24%** | **Asset-Backed Securities–0.24%** | **Asset-Backed Securities–0.24%** |
| **Structured Products–0.24%** | **Structured Products–0.24%** | **Structured Products–0.24%** | **Structured Products–0.24%** |  |  |
| &nbsp;&nbsp;&nbsp; Rad CLO 19 Ltd., Series 2023-19A, Class D2R (Cayman Islands) (3 mo. Term SOFR + 5.00%) <br> <sup>(m)(o)</sup> <br>(Cost $600,000)<br>| 8.88% | 03/20/2038 |  | $600 | &nbsp;&nbsp; $601357 |
| TOTAL INVESTMENTS IN SECURITIES–122.11% (Cost $336,035,755) | TOTAL INVESTMENTS IN SECURITIES–122.11% (Cost $336,035,755) | TOTAL INVESTMENTS IN SECURITIES–122.11% (Cost $336,035,755) | TOTAL INVESTMENTS IN SECURITIES–122.11% (Cost $336,035,755) |  | &nbsp;&nbsp; 297581969 |
| BORROWINGS–(28.72)% | BORROWINGS–(28.72)% | BORROWINGS–(28.72)% | BORROWINGS–(28.72)% |  | &nbsp;&nbsp; (70000000)<br>|
| OTHER ASSETS LESS LIABILITIES–6.61% | OTHER ASSETS LESS LIABILITIES–6.61% | OTHER ASSETS LESS LIABILITIES–6.61% | OTHER ASSETS LESS LIABILITIES–6.61% |  | &nbsp;&nbsp; 16110252 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $243692221 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| DIP | – Debtor-in-Possession |
| EUR | – Euro |
| EURIBOR | – Euro Interbank Offered Rate |
| GBP | – British Pound Sterling |
| LIBOR | – London Interbank Offered Rate |
| LOC | – Letter of Credit |
| Pfd. | – Preferred |
| PIK | – Pay-in-Kind |
| SEK | – Swedish Krona |
| SOFR | – Secured Overnight Financing Rate |
| SONIA | – Sterling Overnight Index Average |
| USD | – U.S. Dollar |
| Wts. | – Warrants |

---

Notes to Consolidated Schedule of Investments:

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

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

<sup>(c)</sup> Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the "1933 Act") and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund's portfolio generally have variable rates which adjust to a base, such as the Secured Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. 

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

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

<sup>(f)</sup> All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding. 

<sup>(g)</sup> This variable rate interest will settle after November 30, 2025, at which time the interest rate will be determined.

<sup>(h)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $53,958,508, which represented 22.14% of the Fund's Net Assets.

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

<sup>(k)</sup> Non-income producing security.

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

<sup>(m)</sup> Security purchased or received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2025 was $11,627,400, which represented 4.77% of the Fund's Net Assets. 

<sup>(n)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The value of this security at November 30, 2025 represented less than 1% of the Fund's Net Assets. 

<sup>(o)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2025.

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**February 28, 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 Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class<br>| $- | &nbsp;&nbsp; $18735913 | &nbsp;&nbsp; $(18735913) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $8926 |
| Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 12490608 | &nbsp;&nbsp; (12490608) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 5895 |
| Total | $- | &nbsp;&nbsp; $31226521 | &nbsp;&nbsp; $(31226521) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $14821 |

---

The aggregate value of securities considered illiquid at November 30, 2025 was $218,231,735, which represented 89.55% of the Fund's Net Assets.

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

**Invesco Dynamic Credit Opportunity Fund**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** |
| **Settlement** <br>**Date** | **Counterparty** | **Contract to** | **Contract to** | **Contract to** | **Contract to** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)** |
| **Settlement** <br>**Date** | **Counterparty** | **Deliver** | **Deliver** | **Receive** | **Receive** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)** |
| **Currency Risk** |  |  |  |  |  |  |
| 12/29/2025 | Bank of New York Mellon (The) | USD | 20842200 | EUR | 18000000 | &nbsp;&nbsp;&nbsp; $75380 |
| 12/29/2025 | BNP Paribas S.A. | USD | 20703391 | EUR | 17849243 | &nbsp;&nbsp;&nbsp; 38996 |
| 12/29/2025 | Canadian Imperial Bank of Commerce | USD | 1105623 | GBP | 837321 | &nbsp;&nbsp;&nbsp; 2749 |
| 12/29/2025 | Citibank, N.A. | USD | 1138453 | SEK | 10827812 | &nbsp;&nbsp;&nbsp; 10360 |
| 12/29/2025 | Morgan Stanley and Co. International PLC | USD | 20880864 | EUR | 18000000 | &nbsp;&nbsp;&nbsp; 36716 |
| 12/29/2025 | State Street Bank & Trust Co. | EUR | 2000000 | USD | 2324512 | &nbsp;&nbsp;&nbsp; 336 |
| 12/29/2025 | State Street Bank & Trust Co. | SEK | 10574903 | USD | 1124725 | &nbsp;&nbsp;&nbsp; 2745 |
| 12/29/2025 | State Street Bank & Trust Co. | USD | 2323616 | EUR | 2000000 | &nbsp;&nbsp;&nbsp; 560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp; 167842 |
| **Currency Risk** |  |  |  |  |  |  |
| 01/30/2026 | Bank of New York Mellon (The) | EUR | 18000000 | USD | 20879154 | &nbsp;&nbsp;&nbsp; (72448)<br>|
| 12/29/2025 | BNP Paribas S.A. | EUR | 17617295 | USD | 20438732 | &nbsp;&nbsp;&nbsp; (34112)<br>|
| 01/30/2026 | BNP Paribas S.A. | EUR | 17849243 | USD | 20739983 | &nbsp;&nbsp;&nbsp; (36142)<br>|
| 01/30/2026 | BNP Paribas S.A. | SEK | 133653 | USD | 14201 | &nbsp;&nbsp;&nbsp; (4)<br>|
| 01/30/2026 | Canadian Imperial Bank of Commerce | GBP | 837321 | USD | 1105649 | &nbsp;&nbsp;&nbsp; (2700)<br>|
| 01/30/2026 | Citibank, N.A. | SEK | 10827812 | USD | 1140647 | &nbsp;&nbsp;&nbsp; (10198)<br>|
| 12/29/2025 | J.P. Morgan Chase Bank, N.A. | GBP | 8690 | USD | 11444 | &nbsp;&nbsp;&nbsp; (59)<br>|
| 01/30/2026 | Morgan Stanley and Co. International PLC | EUR | 18000000 | USD | 20917602 | &nbsp;&nbsp;&nbsp; (34000)<br>|
| 12/29/2025 | Royal Bank of Canada | EUR | 35231948 | USD | 40934591 | &nbsp;&nbsp;&nbsp; (8026)<br>|
| 12/29/2025 | Royal Bank of Canada | GBP | 828632 | USD | 1091139 | &nbsp;&nbsp;&nbsp; (5729)<br>|
| 12/29/2025 | Royal Bank of Canada | SEK | 114526 | USD | 12016 | &nbsp;&nbsp;&nbsp; (135)<br>|
| 12/29/2025 | State Street Bank & Trust Co. | EUR | 1000000 | USD | 1159021 | &nbsp;&nbsp;&nbsp; (3067)<br>|
| 12/29/2025 | State Street Bank & Trust Co. | SEK | 138383 | USD | 14618 | &nbsp;&nbsp;&nbsp; (64)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp; (206684)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp; $(38842)<br>|

---

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

---

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

---

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

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

**Invesco Dynamic Credit Opportunity Fund**

------

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

*November 30, 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 Advisers, Inc.'s (the "Adviser") assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of November 30, 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 consolidated financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| Variable Rate Senior Loan Interests | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $95866296 | &nbsp;&nbsp;&nbsp;&nbsp; $141512417 | &nbsp;&nbsp;&nbsp;&nbsp; $237378713 |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; 2300049 | &nbsp;&nbsp;&nbsp;&nbsp; 6029325 | &nbsp;&nbsp;&nbsp;&nbsp; 32094579 | &nbsp;&nbsp;&nbsp;&nbsp; 40423953 |
| Non-U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6653723 | &nbsp;&nbsp;&nbsp;&nbsp; 1091033 | &nbsp;&nbsp;&nbsp;&nbsp; 7744756 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7060870 | &nbsp;&nbsp;&nbsp;&nbsp; 7060870 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4092181 | &nbsp;&nbsp;&nbsp;&nbsp; 280139 | &nbsp;&nbsp;&nbsp;&nbsp; 4372320 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 601357 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 601357 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 2300049 | &nbsp;&nbsp;&nbsp;&nbsp; 113242882 | &nbsp;&nbsp;&nbsp;&nbsp; 182039038 | &nbsp;&nbsp;&nbsp;&nbsp; 297581969 |
| **Other Investments - Assets\*** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23777469 | &nbsp;&nbsp;&nbsp;&nbsp; 23777469 |
| Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 167842 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 167842 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 167842 | &nbsp;&nbsp;&nbsp;&nbsp; 23777469 | &nbsp;&nbsp;&nbsp;&nbsp; 23945311 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (206684)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (206684)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (38842)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23777469 | &nbsp;&nbsp;&nbsp;&nbsp; 23738627 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $2300049 | &nbsp;&nbsp;&nbsp;&nbsp; $113204040 | &nbsp;&nbsp;&nbsp;&nbsp; $205816507 | &nbsp;&nbsp;&nbsp;&nbsp; $321320596 |

---

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

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

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

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) during the nine months ended November 30, 2025:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**02/28/25\***<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Accrued** <br>**Discounts/** <br>**Premiums**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Transfers** <br>**into** <br>**Level 3\*\***<br>| **Transfers** <br>**out of** <br>**Level 3\*\***<br>| **Value** <br>**11/30/25**<br>|
| Variable Rate Senior Loan Interests | $140018672 | $23212136 | $(27800249)<br>| $328585 | $(2787100)<br>| $(400606)<br>| $9206390 | $(265411)<br>| $141512417 |
| Common Stocks & Other Equity Interests | 24954728 | 3163946 | (4523700)<br>|  | 4428271 | 4071334 |  |  | 32094579 |
| Investments Matured | 27916566 | 567364 | (406683)<br>| (64907)<br>| 1204 | (4236075)<br>|  |  | 23777469 |
| Preferred Stocks | 7817236 |  |  |  |  | (756366)<br>|  |  | 7060870 |
| Non-U.S. Dollar Denominated Bonds & Notes | 1494500 | 1073565 | (1649517)<br>| 54151 | 9217 | 109117 |  |  | 1091033 |
| U.S. Dollar Denominated Bonds & Notes | 1356019 | 389393 |  | 43616 |  | (1873091)<br>| 364202 |  | 280139 |
| &nbsp;&nbsp;&nbsp; Total | $203557721 | $28406404 | $(34380149)<br>| $361445 | $1651592 | $(3085687)<br>| $9570592 | $(265411)<br>| $205816507 |

---

\*Prior year balances have been adjusted for a change in security classification.

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

**Invesco Dynamic Credit Opportunity Fund**

------

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair Value <br>at 11/30/25<br>| Valuation <br>Technique<br>| Unobservable <br>Inputs<br>| Range of <br>Unobservable <br>Inputs<br>| Weighted Average of <br>Unobservable Inputs <br>Based on Fair Value<br>|
| Variable Rate Senior Loan Interests | $141512417 | Comparable Companies | EBITDA Multiple | 3.25x - 11.68x | 7.41x |
|  |  | Discounted Cash Flow Model | Discount Rate | 7.93% - 18.15% | 13.33% |
|  |  | Expected Recovery | Anticipated Proceeds | 108.66% of Par | - |
|  |  | Loan Origination Value | Original Cost | 98.5% of Par | - |
| Common Stocks & Other Equity Interests | 32094579 | Comparable Companies | EBITDA Multiple | 3.63x - 6.00x | 5.41x |
|  |  | Discounted Cash Flow Model | Discount Rate | 14.50% | - |
|  |  |  | EBITDA Multiple | 21.24x | - |
| Investments Matured | 23777469 | Expected Recovery | Anticipated Proceeds | 54.70% - 95.80% of Par | 76.98% of Par |
| Preferred Stocks | 7060870 | Comparable Companies | EBITDA Multiple | 8.75x | - |
| Non-U.S. Dollar Denominated Bonds & <br> Notes<br>| 1091033 | Expected Recovery | Anticipated Proceeds | 116.03% of Par | - |
| U.S. Dollar Denominated Bonds & Notes | 280139 | Comparable Companies | EBITDA Multiple | 7.50x | - |
| &nbsp;&nbsp;&nbsp; Total | $205816507 |  |  |  |  |

---

**Invesco Dynamic Credit Opportunity Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 1331 Spring Street NW, Suite 2500

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30309

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-02-28

- **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:** $343310926.22

**Total Liabilities:** $99637185.55

**Net Assets:** $243673740.67

**Delayed Delivery Securities:** $10181124.98

**Cash Not Reported:** $11960451.30

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1.07704062 | **1-Year:** -17.30260558 | **5-Year:** -63.30466214 | **10-Year:** -178.91150409 | **30-Year:** -0.00808376

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

- **3-Month:** -18.08305432 | **1-Year:** -1091.20883218 | **5-Year:** -2790.47821784 | **10-Year:** -426.79913575 | **30-Year:** -0.00000002

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.99%                | -2.25%               | 1.27%                |
| Class ID N/A | 1.01%                | -2.23%               | 1.29%                |
| Class ID N/A | 1.01%                | -2.23%               | 1.29%                |
| Class ID N/A | 1.01%                | -2.13%               | 1.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $157309.03               | $-8606213.64                               |
| Month 2  | $25998833.55             | $-8717423.02                               |
| Month 3  | $-3474974.59             | $6396826.78                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Oxea Corp. (OQ Chemicals)                                             | Oxea Corp. (OQ Chemicals), Term Loan B-2                                                      | CUSIP: D7000RAD3<br>LEI: 529900MSP24R2FE9U796 | Long             | LON              | CORP              | US        |   1512154 | PA      | $1337311.29   | 0.55%             | 2031-04-07      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| Lake at Las Vegas Joint Venture LLC                                   | Lake at Las Vegas Joint Venture LLC, Class A                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2339 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lake at Las Vegas Joint Venture LLC                                   | Lake at Las Vegas Joint Venture LLC, Class B                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        28 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JVMC Holding Corp.                                                    | JVMC Holding Corp., Class A                                                                   | CUSIP: N/A<br>LEI: 549300YNQA38HHOO8322       | Long             | EC               | CORP              | US        |      1142 | NS      | $720413.15    | 0.30%             |  |  |  | No            |                  3 | On Loan: No      |
| JVMC Holding Corp.                                                    | JVMC Holding Corp., Class B                                                                   | CUSIP: N/A<br>LEI: 549300YNQA38HHOO8322       | Long             | EC               | CORP              | US        |      3333 | NS      | $694732.64    | 0.29%             |  |  |  | No            |                  3 | On Loan: No      |
| IAP Worldwide Services, Inc.                                          | IAP Worldwide Services, Inc.                                                                  | CUSIP: 979UVH901<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       221 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Samson Investment Co.                                                 | Samson Investment Co., Class A                                                                | CUSIP: 931GSK906<br>LEI: EE5W18H3TVA53PMLNG63 | Long             | EC               | CORP              | US        |    163748 | NS      | $21287.24     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Tribune Resources, LLC                                                | Tribune Resources, LLC                                                                        | CUSIP: N/A<br>LEI: 549300IFWJYQ79PVEU45       | Long             | EC               | CORP              | US        |    376237 | NS      | $1646036.88   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastern Power LLC                                                     | Eastern Power LLC, Term Loan                                                                  | CUSIP: 87264NAB3<br>LEI: 5493000R3E1L1VM1V279 | Long             | LON              | CORP              | US        |    667874 | PA      | $673180.47    | 0.28%             | 2028-04-03      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| Claire's Stores, Inc.                                                 | Claire's Stores, Inc., Class s                                                                | CUSIP: 179ESCAP3<br>LEI: 549300N5HNYXI6JY7625 | Long             | EC               | CORP              | US        |       420 | NS      | $43.05        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Muth Mirror Systems, LLC                                              | Muth Mirror Systems, LLC, Revolver Loan                                                       | CUSIP: 00216CAC7<br>LEI: 549300X02038HY7ZXM71 | Long             | LON              | CORP              | US        |   1465748 | PA      | $801764.22    | 0.33%             | 2027-03-31      | Floating      | 7.00%                 | No            |                  3 | On Loan: No      |
| Natel Engineering Co., Inc.                                           | Natel Engineering Co., Inc., Term Loan                                                        | CUSIP: 63229BAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3266309 | PA      | $3148722.10   | 1.29%             | 2026-04-30      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| iHeartMedia, Inc.                                                     | iHeartMedia, Inc., Class B                                                                    | CUSIP: 45174J608<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        42 | NS      | $141.75       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vivarte                                                               | Vivarte                                                                                       | CUSIP: 931QTQ900<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |   1220502 | NS      | $1.42         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Black Diamond Therapeutics, Inc.                                      | Black Diamond Therapeutics, Inc.                                                              | CUSIP: 09203E105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1382229 | NS      | $746403.48    | 0.31%             |  |  |  | No            |                  3 | On Loan: No      |
| Biscuit Holding S.A.S. (BISPOU/Cookie Acq)                            | Biscuit Holding S.A.S. (BISPOU/Cookie Acq), Term Loan B                                       | CUSIP: N/A<br>LEI: 9695009XXZ7E1IX37P87       | Long             | LON              | CORP              | FR        |   2500000 | PA      | $2521034.24   | 1.03%             | 2027-02-12      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Tegra118 Wealth Solutions, Inc.                                       | Tegra118 Wealth Solutions, Inc., Term Loan                                                    | CUSIP: 33774UAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    555439 | PA      | $550717.77    | 0.23%             | 2027-02-18      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Southcross Energy Partners GP LLC                                     | Southcross Energy Partners GP LLC, Pfd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    288393 | NS      | $1701.52      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Commercial Barge Line Co.                                             | Commercial Barge Line Co., Pfd.                                                               | CUSIP: 00085Q605<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     42058 | NS      | $4146918.80   | 1.70%             |  |  |  | No            |                  3 | On Loan: No      |
| Commercial Barge Line Co.                                             | Commercial Barge Line Co.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      8956 | NS      | $883061.60    | 0.36%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                   | Commercial Barge Line Co., Wts., expiring 04/27/2045                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |      9414 | NS      | $928220.40    | 0.38%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                   | Commercial Barge Line Co., Series B, Pfd., Wts., expiring 04/27/2045                          | CUSIP: 00085Q167<br>LEI: N/A                  | N/A              | DE               |  | N/A       |     29536 | NS      | $2912249.60   | 1.20%             |  |  |  | No            |                  3 | On Loan: No      |
| Lealand Finance Co. B.V.                                              | Lealand Finance Co. B.V., PIK Term Loan                                                       | CUSIP: N5200EAB7<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1211645 | PA      | $959471.22    | 0.39%             | 2027-12-31      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| McDermott International Ltd.                                          | McDermott International Ltd., Term Loan                                                       | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    180158 | PA      | $147053.86    | 0.06%             | 2027-06-30      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| McDermott International Ltd.                                          | McDermott International Ltd., LOC                                                             | CUSIP: N/A<br>LEI: 54930004RAXI4B3L4752       | Long             | LON              | CORP              | US        |   2600801 | PA      | $2353724.56   | 0.97%             | 2027-06-30      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                   | Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045                                | CUSIP: 00085Q183<br>LEI: N/A                  | N/A              | DE               |  | N/A       |    206752 | NS      | $129220.00    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4012.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4013.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-5729.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2744.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-34112.24    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-64.31       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3066.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $336.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-58.53       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $559.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-134.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $38996.18     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-36142.14    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $10360.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2700.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2749.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-10197.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-34000.12    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $36716.27     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $75380.27     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                   | Forward Foreign Currency Contract                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-72448.12    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UnitedLex Corp.                                                       | UnitedLex Corp., Term Loan                                                                    | CUSIP: 88830YAC0<br>LEI: 254900IJ4XQXC5YWDN28 | Long             | LON              | CORP              | US        |    912951 | PA      | $729447.51    | 0.30%             | 2027-03-20      | Floating      | 9.87%                 | No            |                  3 | On Loan: No      |
| North American Lifting Holdings, Inc.                                 | North American Lifting Holdings, Inc.                                                         | CUSIP: N/A<br>LEI: 5493008KV4SRQC7D1587       | Long             | EC               | CORP              | US        |     62889 | NS      | $42198.52     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BrightPet (AMCP Pet Holdings, Inc.)                                   | BrightPet (AMCP Pet Holdings, Inc.), Revolver Loan                                            | CUSIP: N/A<br>LEI: 549300JOBX1WB2IOF508       | Long             | LON              | CORP              | US        |   1532746 | PA      | $1341152.68   | 0.55%             | 2026-10-05      | Floating      | 11.00%                | No            |                  3 | On Loan: No      |
| BrightPet (AMCP Pet Holdings, Inc.)                                   | BrightPet (AMCP Pet Holdings, Inc.), Term Loan                                                | CUSIP: N/A<br>LEI: 549300JOBX1WB2IOF508       | Long             | LON              | CORP              | US        |   4040303 | PA      | $3535265.48   | 1.45%             | 2026-10-05      | Floating      | 7.99%                 | No            |                  3 | On Loan: No      |
| Teasdale Foods, Inc.                                                  | Teasdale Foods, Inc., Term Loan                                                               | CUSIP: N/A<br>LEI: 549300BJJFP7Z6DGKC24       | Long             | LON              | CORP              | US        |  16270067 | PA      | $13504155.36  | 5.54%             | 2025-12-18      | Floating      | 8.24%                 | No            |                  3 | On Loan: No      |
| Teasdale Foods, Inc.                                                  | Teasdale Foods, Inc.                                                                          | CUSIP: N/A<br>LEI: 549300BJJFP7Z6DGKC24       | Long             | DBT              | CORP              | US        |   3422993 | PA      | $0.03         | 0.00%             | 2026-06-18      | Fixed         | 16.25%                | No            |                  3 | On Loan: No      |
| Libbey Glass LLC                                                      | Libbey Glass LLC                                                                              | CUSIP: N/A<br>LEI: A7JTTZYG0P336HI4K290       | Long             | EC               | CORP              | US        |     76695 | NS      | $829839.90    | 0.34%             |  |  |  | No            |                  3 | On Loan: No      |
| McDermott International Ltd.                                          | McDermott International Ltd., LOC                                                             | CUSIP: N/A<br>LEI: ZAKWBIG8QLOPMZ888610       | Long             | LON              | CORP              | US        |   1305667 | PA      | $1077175.45   | 0.44%             | 2027-06-30      | Floating      | 8.55%                 | No            |                  3 | On Loan: No      |
| BrightPet (AMCP Pet Holdings, Inc.)                                   | BrightPet (AMCP Pet Holdings, Inc.), Incremental Term Loan B                                  | CUSIP: N/A<br>LEI: 549300JOBX1WB2IOF508       | Long             | LON              | CORP              | US        |   4153827 | PA      | $3634598.63   | 1.49%             | 2026-10-05      | Floating      | 7.99%                 | No            |                  3 | On Loan: No      |
| Kantar (Summer BC Bidco/KANGRP)                                       | Kantar (Summer BC Bidco/KANGRP), Revolver Loan                                                | CUSIP: N/A<br>LEI: 984500NRF59D5DB9B654       | Long             | LON              | CORP              | LU        |   2500000 | PA      | $2312500.00   | 0.95%             | 2026-06-04      | Floating      | 1.05%                 | No            |                  3 | On Loan: No      |
| Klockner (KPERST/Kleopatra)                                           | Klockner (KPERST/Kleopatra), Term Loan B                                                      | CUSIP: 49865NAU4<br>LEI: 529900XJNR9VFZXAOS85 | Long             | LON              | CORP              | DE        |   3000000 | PA      | $1551956.41   | 0.64%             | 2026-02-12      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Infinite Electronics                                                  | Infinite Electronics, First Lien Term Loan                                                    | CUSIP: 45674KAB1<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |    861145 | PA      | $851995.37    | 0.35%             | 2028-03-02      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                                         | Peraton Corp., First Lien Term Loan B                                                         | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    700000 | PA      | $616189.00    | 0.25%             | 2028-02-01      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| Infinite Electronics                                                  | Infinite Electronics, Second Lien Term Loan                                                   | CUSIP: 45674KAF2<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |    473480 | PA      | $453356.71    | 0.19%             | 2029-03-02      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| Spin Holdco, Inc.                                                     | Spin Holdco, Inc., Term Loan                                                                  | CUSIP: 84850XAK8<br>LEI: 549300QAS44U2GUXGK45 | Long             | LON              | CORP              | US        |   1769860 | PA      | $1454824.67   | 0.60%             | 2028-03-04      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| Constant Contact, Inc.                                                | Constant Contact, Inc., Term Loan                                                             | CUSIP: 21031HAC5<br>LEI: 2549000JW50H0AI5B946 | Long             | LON              | CORP              | US        |    913544 | PA      | $877330.65    | 0.36%             | 2028-02-10      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Trinseo Materials Operating S.C.A.                                    | Trinseo Materials Operating S.C.A., Incremental Term Loan                                     | CUSIP: L9339LAK9<br>LEI: 549300P1EBLVU1SH8Z09 | Long             | LON              | CORP              | LU        |    984598 | PA      | $164304.71    | 0.07%             | 2028-05-03      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Signal Parent, Inc.                                                   | Signal Parent, Inc.                                                                           | CUSIP: 82666QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    564000 | PA      | $280138.80    | 0.11%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  3 | On Loan: No      |
| Interior Logic Group, Inc. (Signal Parent)                            | Interior Logic Group, Inc. (Signal Parent), Term Loan B                                       | CUSIP: 82666KAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1041010 | PA      | $706497.17    | 0.29%             | 2028-04-01      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Cerba (Chrome Bidco)                                                  | Cerba (Chrome Bidco), Term Loan B                                                             | CUSIP: BL3618057<br>LEI: 9845000C1FYE89DC8677 | Long             | LON              | CORP              | FR        |   4000000 | PA      | $3443848.93   | 1.41%             | 2028-06-30      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| My Alarm Center, LLC                                                  | My Alarm Center, LLC, Class A                                                                 | CUSIP: N/A<br>LEI: 549300IB2N33MHM2N880       | Long             | EC               | CORP              | US        |     47743 | NS      | $15466788.59  | 6.35%             |  |  |  | No            |                  3 | On Loan: No      |
| Parques Reunidos (Piolin Bidco S.A.U.)                                | Parques Reunidos (Piolin Bidco S.A.U.), Revolver Loan                                         | CUSIP: E9000BAC5<br>LEI: 959800TK7BDDNB10UP50 | Long             | LON              | CORP              | ES        |   1529008 | PA      | $1720958.98   | 0.71%             | 2026-03-16      | Floating      | 3.50%                 | No            |                  3 | On Loan: No      |
| V Global Holdings LLC                                                 | V Global Holdings LLC, Term Loan                                                              | CUSIP: 91823CAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6705262 | PA      | $6249304.53   | 2.56%             | 2027-12-22      | Floating      | 9.77%                 | No            |                  3 | On Loan: No      |
| Lightning Finco Ltd. (LiveU)                                          | Lightning Finco Ltd. (LiveU), Term Loan B-1                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |  18375146 | PA      | $18375145.70  | 7.54%             | 2028-08-31      | Floating      | 10.17%                | No            |                  3 | On Loan: No      |
| Lamark Media Group LLC                                                | Lamark Media Group LLC, Revolver Loan                                                         | CUSIP: 51322KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1018623 | PA      | $1018623.49   | 0.42%             | 2027-10-14      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| Lamark Media Group, LLC                                               | Lamark Media Group, LLC, Delayed Draw Term Loan                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1485917 | PA      | $1485916.99   | 0.61%             | 2027-10-14      | Floating      | 9.00%                 | No            |                  3 | On Loan: No      |
| Lamark Media Group, LLC                                               | Lamark Media Group, LLC, Term Loan                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6862976 | PA      | $6862975.74   | 2.82%             | 2027-10-14      | Floating      | 9.00%                 | No            |                  3 | On Loan: No      |
| Victory Buyer LLC (Vantage Elevator)                                  | Victory Buyer LLC (Vantage Elevator), Second Lien Term Loan                                   | CUSIP: N/A<br>LEI: 549300G9TEUHGC81N056       | Long             | LON              | CORP              | US        |    258452 | PA      | $248113.50    | 0.10%             | 2029-11-19      | Floating      | 11.03%                | No            |                  3 | On Loan: No      |
| Keg Logistics LLC                                                     | Keg Logistics LLC, Term Loan A                                                                | CUSIP: 74982CAG5<br>LEI: 549300WB8UJH5ITJ7O62 | Long             | LON              | CORP              | US        |  20754310 | PA      | $20225075.20  | 8.30%             | 2027-11-23      | Floating      | 10.21%                | No            |                  3 | On Loan: No      |
| Keg Logistics LLC                                                     | Keg Logistics LLC, Revolver Loan                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1366251 | PA      | $1331411.82   | 0.55%             | 2027-11-23      | Floating      | 10.77%                | No            |                  3 | On Loan: No      |
| Learning Pool (Brook Bidco Ltd.)                                      | Learning Pool (Brook Bidco Ltd.), Term Loan                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    861789 | PA      | $827317.68    | 0.34%             | 2028-08-17      | Floating      | 11.70%                | No            |                  3 | On Loan: No      |
| Learning Pool (Brook Bidco Ltd.)                                      | Learning Pool (Brook Bidco Ltd.), Term Loan                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    646377 | PA      | $824807.56    | 0.34%             | 2028-07-10      | Floating      | 11.24%                | No            |                  3 | On Loan: No      |
| Native Instruments (Music Creation Group GmbH/APTUS)                  | Native Instruments (Music Creation Group GmbH/APTUS), Term Loan B                             | CUSIP: N/A<br>LEI: 529900JMM5AGXC3NFC22       | Long             | LON              | CORP              | DE        |   1324553 | PA      | $597871.43    | 0.25%             | 2028-03-03      | Floating      | 9.03%                 | No            |                  3 | On Loan: No      |
| Fertitta Entertainment LLC (Golden Nugget)                            | Fertitta Entertainment LLC (Golden Nugget), Term Loan                                         | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |    969908 | PA      | $969889.00    | 0.40%             | 2029-01-27      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Cabonline Group Holding AB                                            | Cabonline Group Holding AB, Series 0001                                                       | CUSIP: BV5219233<br>LEI: 549300PB67LZ38PTO750 | Long             | DBT              | CORP              | SE        |   7380436 | PA      | $340052.82    | 0.14%             | 2029-04-19      | Fixed         | 13.16%                | No            |                  2 | On Loan: No      |
| Tank Holding Corp.                                                    | Tank Holding Corp., Term Loan                                                                 | CUSIP: 87583FAN8<br>LEI: 549300WQKU58ILVYFJ26 | Long             | LON              | CORP              | US        |    439813 | PA      | $411940.24    | 0.17%             | 2028-03-31      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| Tank Holding Corp.                                                    | Tank Holding Corp., Revolver Loan                                                             | CUSIP: 87583FAM0<br>LEI: 549300WQKU58ILVYFJ26 | Long             | LON              | CORP              | US        |    176344 | PA      | $162346.71    | 0.07%             | 2028-03-31      | Floating      | 0.38%                 | No            |                  3 | On Loan: No      |
| Harbor Purchaser, Inc. (Houghton Mifflin Harcourt)                    | Harbor Purchaser, Inc. (Houghton Mifflin Harcourt), First Lien Term Loan B                    | CUSIP: 44157YAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2320507 | PA      | $1943436.05   | 0.80%             | 2029-04-09      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| Oldcastle BuildingEnvelope, Inc.                                      | Oldcastle BuildingEnvelope, Inc., Term Loan B                                                 | CUSIP: 68778DAB4<br>LEI: 254900RDCZK0Q19MEL65 | Long             | LON              | CORP              | US        |    382723 | PA      | $285115.45    | 0.12%             | 2029-04-29      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| V Global Holdings LLC                                                 | V Global Holdings LLC, Revolver Loan                                                          | CUSIP: 91823CAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    845183 | PA      | $787710.91    | 0.32%             | 2027-12-22      | Floating      | 10.96%                | No            |                  3 | On Loan: No      |
| Utimaco (SGT Ultimate BidCo GmbH)                                     | Utimaco (SGT Ultimate BidCo GmbH), Term Loan B-1                                              | CUSIP: N/A<br>LEI: 529900IBXNKRA4UZFY84       | Long             | LON              | CORP              | DE        |   2133946 | PA      | $2476124.11   | 1.02%             | 2029-05-31      | Floating      | 7.62%                 | No            |                  3 | On Loan: No      |
| Utimaco (SGT Ultimate BidCo GmbH)                                     | Utimaco (SGT Ultimate BidCo GmbH), Term Loan B-2                                              | CUSIP: N/A<br>LEI: 529900IBXNKRA4UZFY84       | Long             | LON              | CORP              | DE        |   1204688 | PA      | $1204687.54   | 0.49%             | 2029-05-31      | Floating      | 10.01%                | No            |                  3 | On Loan: No      |
| NAC Aviation 8 Ltd.                                                   | NAC Aviation 8 Ltd., Revolver Loan                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |   1642458 | PA      | $1642457.98   | 0.67%             | 2026-12-31      | Floating      | 5.63%                 | No            |                  3 | On Loan: No      |
| Iris Holding, Inc. (Intertape)                                        | Iris Holding, Inc. (Intertape), First Lien Term Loan                                          | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |    468432 | PA      | $454288.13    | 0.19%             | 2028-06-28      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| Discovery Purchaser Corp. (BES)                                       | Discovery Purchaser Corp. (BES), First Lien Term Loan                                         | CUSIP: 25471NAC0<br>LEI: 2549001LSO1ZBIPA5D65 | Long             | LON              | CORP              | US        |    915226 | PA      | $891287.79    | 0.37%             | 2029-10-04      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Libbey Glass LLC                                                      | Libbey Glass LLC, Term Loan B                                                                 | CUSIP: 52989XAC7<br>LEI: A7JTTZYG0P336HI4K290 | Long             | LON              | CORP              | US        |   1898233 | PA      | $1835363.35   | 0.75%             | 2027-11-22      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| Altice Financing S.A. (Altice-Int'l)                                  | Altice Financing S.A. (Altice-Int'l), Incremental Term Loan                                   | CUSIP: L0178UAL0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | LON              | CORP              | LU        |   3051387 | PA      | $2813581.16   | 1.15%             | 2027-10-31      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Cerba (Chrome Bidco)                                                  | Cerba (Chrome Bidco), Incremental Term Loan D                                                 | CUSIP: BL4072387<br>LEI: 9845000C1FYE89DC8677 | Long             | LON              | CORP              | FR        |   3000000 | PA      | $2584244.30   | 1.06%             | 2029-02-16      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Rand Parent, LLC                                                      | Rand Parent, LLC                                                                              | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    890000 | PA      | $919295.24    | 0.38%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Ineos US Finance LLC                                                  | Ineos US Finance LLC, Term Loan                                                               | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    557982 | PA      | $475679.94    | 0.20%             | 2030-02-18      | Floating      | 7.17%                 | 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        |    750000 | PA      | $737343.75    | 0.30%             | 2031-03-31      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| U.S. TelePacific Corp.                                                | U.S. TelePacific Corp., Third Lien Term Loan                                                  | CUSIP: 90343TBD4<br>LEI: 549300C81ZS48XBQR219 | Long             | LON              | CORP              | US        |     99671 | PA      | $0.00         | 0.00%             | 2027-05-02      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Serta Simmons Bedding LLC                                             | Serta Simmons Bedding LLC, Term Loan                                                          | CUSIP: 81753HAJ0<br>LEI: 549300M4F4V4WFPNI116 | Long             | LON              | CORP              | US        |   1684380 | PA      | $1587006.15   | 0.65%             | 2028-06-29      | Floating      | 11.62%                | No            |                  2 | On Loan: No      |
| Monitronics International, Inc.                                       | Monitronics International, Inc., DIP Term Loan A                                              | CUSIP: 60945HAG9<br>LEI: SCAKOG18M6QWWML8YF46 | Long             | LON              | CORP              | US        |   4926003 | PA      | $4923047.13   | 2.02%             | 2028-06-30      | Floating      | 11.89%                | No            |                  3 | On Loan: No      |
| Crown Finance US, Inc.                                                | Crown Finance US, Inc.                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    149869 | NS      | $3101764.59   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Riverbed Technology LLC                                               | Riverbed Technology LLC, Class B                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     41987 | NS      | $2120.37      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Riverbed Technology LLC                                               | Riverbed Technology LLC, PIK Term Loan                                                        | CUSIP: N/A<br>LEI: XWT9B0BASIY6FJ5R7M02       | Long             | LON              | CORP              | US        |   1635775 | PA      | $781851.37    | 0.32%             | 2028-07-01      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Serta Simmons Bedding, LLC                                            | Serta Simmons Bedding, LLC                                                                    | CUSIP: N/A<br>LEI: 549300M4F4V4WFPNI116       | Long             | EC               | CORP              | US        |     61610 | NS      | $542168.00    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Monitronics International, Inc.                                       | Monitronics International, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    118591 | NS      | $5189542.16   | 2.13%             |  |  |  | No            |                  3 | On Loan: No      |
| SonicWall U.S. Holdings, Inc.                                         | SonicWall U.S. Holdings, Inc., First Lien Term Loan                                           | CUSIP: 83547MAF4<br>LEI: 549300KJE1MHNCWBX302 | Long             | LON              | CORP              | US        |   1058342 | PA      | $935785.93    | 0.38%             | 2028-05-18      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Atlantic Broadband Finance LLC (Cogeco)                               | Atlantic Broadband Finance LLC (Cogeco), Term Loan B-1                                        | CUSIP: 19239BAD0<br>LEI: 549300UVJTPYOZ6XKH79 | Long             | LON              | CORP              | US        |    598089 | PA      | $582138.13    | 0.24%             | 2030-09-18      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| ViaSat, Inc.                                                          | ViaSat, Inc., Term Loan B                                                                     | CUSIP: 92555WAF2<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    749202 | PA      | $742930.75    | 0.30%             | 2030-05-30      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Altice Financing S.A. (Altice-Int'l)                                  | Altice Financing S.A. (Altice-Int'l), Term Loan B                                             | CUSIP: BL4437028<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | LON              | CORP              | LU        |   2258918 | PA      | $2082872.19   | 0.85%             | 2027-10-31      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Cabonline Group Holding AB                                            | Cabonline Group Holding AB                                                                    | CUSIP: ZH5206474<br>LEI: 549300PB67LZ38PTO750 | Long             | DBT              | CORP              | SE        |   1908761 | PA      | $194593.08    | 0.08%             | 2028-03-19      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Trinseo Materials Operating S.C.A.                                    | Trinseo Materials Operating S.C.A., Term Loan A                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    313471 | PA      | $286826.37    | 0.12%             | 2028-05-03      | Floating      | 12.41%                | No            |                  2 | On Loan: No      |
| Trinseo Materials Operating S.C.A.                                    | Trinseo Materials Operating S.C.A., Term Loan B                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2306984 | PA      | $2121271.40   | 0.87%             | 2028-05-03      | Floating      | 13.41%                | No            |                  2 | On Loan: No      |
| Cabonline Group Holding AB                                            | Cabonline Group Holding AB                                                                    | CUSIP: ZH5209213<br>LEI: 549300PB67LZ38PTO750 | Long             | DBT              | CORP              | SE        |   3817522 | PA      | $389186.16    | 0.16%             | 2028-03-19      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Cabonline                                                             | Cabonline, Class D1                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SE        |   2236496 | NS      | $238.07       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cabonline                                                             | Cabonline, Class D2                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SE        |   1908761 | NS      | $102.10       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cabonline                                                             | Cabonline, Class D                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SE        |  63547434 | NS      | $90867.15     | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| Lightning Finco Ltd. (LiveU)                                          | Lightning Finco Ltd. (LiveU), Term Loan B-2                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   1885776 | PA      | $2188160.37   | 0.90%             | 2028-08-31      | Floating      | 7.48%                 | No            |                  3 | On Loan: No      |
| A-Gas Finco, Inc.                                                     | A-Gas Finco, Inc., Term Loan                                                                  | CUSIP: G0563HAB0<br>LEI: 254900YJ1VCSP18B5452 | Long             | LON              | CORP              | US        |   1074770 | PA      | $965277.99    | 0.40%             | 2029-12-14      | Floating      | 9.25%                 | No            |                  2 | On Loan: No      |
| ColourOz Investment 1 GmbH                                            | ColourOz Investment 1 GmbH, Class A                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |     18948 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Discovery Energy Holding Co. (Kohler Energy)                          | Discovery Energy Holding Co. (Kohler Energy), Term Loan B                                     | CUSIP: 25472PAB6<br>LEI: 254900T31FAYMRQSAA12 | Long             | LON              | CORP              | US        |    316857 | PA      | $318739.03    | 0.13%             | 2031-05-01      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| Autokiniton US Holdings, Inc.                                         | Autokiniton US Holdings, Inc., Term Loan B                                                    | CUSIP: 05278HAC0<br>LEI: 254900EHNKMJ1OSEZL85 | Long             | LON              | CORP              | US        |    163335 | PA      | $162396.22    | 0.07%             | 2028-04-06      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| Fitness International LLC                                             | Fitness International LLC, Term Loan B                                                        | CUSIP: 33818XAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    497475 | PA      | $500210.85    | 0.21%             | 2029-02-05      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                   | Muth Mirror Systems, LLC, Wrts.                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |    195470 | NS      | $0.20         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Muth Mirror Systems, LLC                                              | Muth Mirror Systems, LLC                                                                      | CUSIP: N/A<br>LEI: 549300X02038HY7ZXM71       | Long             | EC               | CORP              | US        |     29146 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kantar (Summer BC Bidco/KANGRP)                                       | Kantar (Summer BC Bidco/KANGRP), Term Loan B                                                  | CUSIP: 86564BAC6<br>LEI: 984500NRF59D5DB9B654 | Long             | LON              | CORP              | LU        |    456960 | PA      | $432016.86    | 0.18%             | 2029-02-15      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| Vue International Bidco PLC                                           | Vue International Bidco PLC, Term Loan                                                        | CUSIP: BA0000717<br>LEI: 6TJCK1B7E7UTXP528Y04 | Long             | LON              | CORP              | GB        |    237271 | PA      | $412975.79    | 0.17%             | N/A             | Floating      | 10.10%                | No            |                  3 | On Loan: No      |
| GoTo Group, Inc. (LogMeIn)                                            | GoTo Group, Inc. (LogMeIn), First Lien Term Loan                                              | CUSIP: 38349FAC0<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   1401448 | PA      | $1222329.03   | 0.50%             | 2028-04-30      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| Inmarsat Finance PLC                                                  | Inmarsat Finance PLC, Term Loan                                                               | CUSIP: L2000DAH7<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |    670791 | PA      | $667963.97    | 0.27%             | 2029-09-27      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| IAP Worldwide Services, Inc.                                          | IAP Worldwide Services, Inc.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    221331 | NS      | $221330.70    | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| SDB Holdco LLC (Specialty Dental Brands)                              | SDB Holdco LLC (Specialty Dental Brands), Delayed Draw Term Loan                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    774724 | PA      | $811911.24    | 0.33%             | 2027-03-18      | Floating      | 1.25%                 | No            |                  3 | On Loan: No      |
| Proampac PG Borrower LLC                                              | Proampac PG Borrower LLC, Term Loan                                                           | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   1234192 | PA      | $1237740.34   | 0.51%             | 2028-09-15      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| Serta Simmons Bedding LLC                                             | Serta Simmons Bedding LLC, First Lien Term Loan                                               | CUSIP: 81753HAL5<br>LEI: 549300M4F4V4WFPNI116 | Long             | LON              | CORP              | US        |    119514 | PA      | $119663.49    | 0.05%             | 2028-06-29      | Floating      | 11.48%                | No            |                  3 | 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        |    965960 | PA      | $949060.08    | 0.39%             | 2031-07-01      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| Restoration Forest Products Group, LLC                                | Restoration Forest Products Group, LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     39150 | NS      | $2792589.97   | 1.15%             |  |  |  | No            |                  3 | On Loan: No      |
| NewLife Forest Restoration LLC                                        | NewLife Forest Restoration LLC, Term Loan                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1226841 | PA      | $1226840.64   | 0.50%             | 2029-04-10      | Floating      | 10.00%                | No            |                  3 | On Loan: No      |
| SDB Holdco LLC (Specialty Dental Brands)                              | SDB Holdco LLC (Specialty Dental Brands), Term Loan A                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6617858 | PA      | $5618561.73   | 2.31%             | 2027-03-18      | Floating      | 11.08%                | No            |                  3 | On Loan: No      |
| Specialty Dental Brands                                               | Specialty Dental Brands, Pfd.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   2844928 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer B.V.                   | Organon & Co. / Organon Foreign Debt Co-Issuer B.V.                                           | CUSIP: 68622FAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    230000 | PA      | $207263.70    | 0.09%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SDB Holdco LLC (Specialty Dental Brands)                              | SDB Holdco LLC (Specialty Dental Brands)                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   5863446 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vue International Bidco PLC                                           | Vue International Bidco PLC, Term Loan                                                        | CUSIP: BA0000709<br>LEI: 6TJCK1B7E7UTXP528Y04 | Long             | LON              | CORP              | GB        |    527745 | PA      | $826851.81    | 0.34%             | N/A             | Floating      | 2.20%                 | No            |                  3 | On Loan: No      |
| Vue International Bidco PLC                                           | Vue International Bidco PLC, Second Lien Term Loan                                            | CUSIP: BA00006Z3<br>LEI: 2138002KEV3Y56IJTC64 | Long             | LON              | CORP              | GB        |    854389 | PA      | $1338624.86   | 0.55%             | 2027-12-31      | Floating      | 2.20%                 | No            |                  3 | On Loan: No      |
| Vue International Bidco Ltd.                                          | Vue International Bidco Ltd., Class A1                                                        | CUSIP: N/A<br>LEI: 2138002KEV3Y56IJTC64       | Long             | EC               | CORP              | GB        |      2084 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vue International Bidco Ltd.                                          | Vue International Bidco Ltd., Class A2                                                        | CUSIP: N/A<br>LEI: 2138002KEV3Y56IJTC64       | Long             | EC               | CORP              | GB        |   1026420 | NS      | $1.20         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vue International Bidco Ltd.                                          | Vue International Bidco Ltd.                                                                  | CUSIP: N/A<br>LEI: 2138002KEV3Y56IJTC64       | Long             | EC               | CORP              | GB        |    638918 | NS      | $0.74         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vue International Bidco Ltd.                                          | Vue International Bidco Ltd., Class A3                                                        | CUSIP: N/A<br>LEI: 2138002KEV3Y56IJTC64       | Long             | EC               | CORP              | GB        |    445416 | NS      | $0.52         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Edelman Financial Center LLC (The)                                    | Edelman Financial Center LLC (The), Second Lien Term Loan                                     | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |     93060 | PA      | $93327.05     | 0.04%             | 2028-10-06      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| Learning Care Group (US) No. 2, Inc.                                  | Learning Care Group (US) No. 2, Inc., Term Loan B                                             | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |    475000 | PA      | $420375.00    | 0.17%             | 2028-08-11      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Iridium Satellite LLC                                                 | Iridium Satellite LLC, Term Loan B                                                            | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |    504000 | PA      | $483525.00    | 0.20%             | 2030-09-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Mold-Rite Plastics LLC (Valcour Packaging LLC)                        | Mold-Rite Plastics LLC (Valcour Packaging LLC), Term Loan A-2,                                | CUSIP: 91889CAH1<br>LEI: 254900JCJHQJK9LWF787 | Long             | LON              | CORP              | US        |    942054 | PA      | $735979.70    | 0.30%             | 2028-10-04      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| TTF Holdings LLC (Soliant)                                            | TTF Holdings LLC (Soliant), Term Loan B                                                       | CUSIP: 83421EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    564224 | PA      | $478179.76    | 0.20%             | 2031-07-18      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Sandvine Corp.                                                        | Sandvine Corp.                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      5849 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Engineering Research and Consulting LLC                               | Engineering Research and Consulting LLC, First Lien Term Loan                                 | CUSIP: 29288KAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    704711 | PA      | $616622.17    | 0.25%             | 2031-08-15      | Floating      | 8.92%                 | No            |                  3 | On Loan: No      |
| OGF (VESCAP/Obol France 3/PHM)                                        | OGF (VESCAP/Obol France 3/PHM), Term Loan B                                                   | CUSIP: BL4728129<br>LEI: 969500K3AWY66FOPOS97 | Long             | LON              | CORP              | FR        |   1500000 | PA      | $1715504.83   | 0.70%             | 2028-12-29      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| STG Distribution LLC                                                  | STG Distribution LLC, Term Loan                                                               | CUSIP: 78477PAB0<br>LEI: 254900PK0UVOOVNNRA84 | Long             | LON              | CORP              | US        |    285923 | PA      | $276172.85    | 0.11%             | 2029-10-03      | Floating      | 5.09%                 | No            |                  3 | On Loan: No      |
| FDH Group Acquisition, Inc.                                           | FDH Group Acquisition, Inc., Delayed Draw Term Loan                                           | CUSIP: N/A<br>LEI: 254900NEXL6G6G728S12       | Long             | LON              | CORP              | US        |    272109 | PA      | $272653.06    | 0.11%             | 2031-10-21      | Floating      | 8.75%                 | No            |                  3 | On Loan: No      |
| FDH Group Acquisition, Inc.                                           | FDH Group Acquisition, Inc., Term Loan B                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    722432 | PA      | $723876.83    | 0.30%             | 2031-11-04      | Floating      | 8.75%                 | No            |                  3 | On Loan: No      |
| Viking Baked Goods Acquisition Corp.                                  | Viking Baked Goods Acquisition Corp.                                                          | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |   1072000 | PA      | $1085790.21   | 0.45%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Form Technologies LLC                                                 | Form Technologies LLC, Term Loan                                                              | CUSIP: 34634FAF6<br>LEI: X7KHAIMGSSPZ1XIJIL51 | Long             | LON              | CORP              | US        |    268268 | PA      | $239429.32    | 0.10%             | 2030-05-30      | Floating      | 9.62%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                                | Cengage Learning, Inc., Term Loan B                                                           | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |   1270000 | PA      | $1263357.90   | 0.52%             | 2031-03-22      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Empire Today LLC                                                      | Empire Today LLC, Term Loan A                                                                 | CUSIP: N/A<br>LEI: 254900NVZEWAL7SJT856       | Long             | LON              | CORP              | US        |    642470 | PA      | $555287.20    | 0.23%             | 2029-08-03      | Floating      | 9.60%                 | No            |                  3 | On Loan: No      |
| MedAssets Software Intermediate Holdings, Inc. (nThrive TSG)          | MedAssets Software Intermediate Holdings, Inc. (nThrive TSG), First Lien Term Loan            | CUSIP: 31810YAB6<br>LEI: 25490077VXHBSKJ52J14 | Long             | LON              | CORP              | US        |     96472 | PA      | $90201.17     | 0.04%             | 2028-12-17      | Floating      | 9.25%                 | No            |                  2 | On Loan: No      |
| MedAssets Software Intermediate Holdings, Inc. (nThrive TSG)          | MedAssets Software Intermediate Holdings, Inc. (nThrive TSG), Term Loan                       | CUSIP: 31810YAD2<br>LEI: 25490077VXHBSKJ52J14 | Long             | LON              | CORP              | US        |    436951 | PA      | $334085.91    | 0.14%             | 2028-12-17      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| MedAssets Software Intermediate Holdings, Inc. (nThrive TSG)          | MedAssets Software Intermediate Holdings, Inc. (nThrive TSG), Term Loan                       | CUSIP: 31810YAC4<br>LEI: 25490077VXHBSKJ52J14 | Long             | LON              | CORP              | US        |    493727 | PA      | $444354.26    | 0.18%             | 2028-12-17      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Sherwood Financing PLC                                                | Sherwood Financing PLC                                                                        | CUSIP: YT4556916<br>LEI: 259400SSZWSSPNYW7K08 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2291956.36   | 0.94%             | 2029-12-15      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Sherwood Financing PLC                                                | Sherwood Financing PLC                                                                        | CUSIP: YT4556858<br>LEI: 259400SSZWSSPNYW7K08 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3437934.54   | 1.41%             | 2029-12-15      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| OmniMax International LLC                                             | OmniMax International LLC, Term Loan B                                                        | CUSIP: N/A<br>LEI: 549300TV2USM8SJHZ613       | Long             | LON              | CORP              | US        |   1900508 | PA      | $1907159.51   | 0.78%             | 2031-12-06      | Floating      | 9.92%                 | No            |                  3 | On Loan: No      |
| OmniMax International LLC                                             | OmniMax International LLC, Delayed Draw Term Loan                                             | CUSIP: N/A<br>LEI: 549300TV2USM8SJHZ613       | Long             | LON              | CORP              | US        |    586992 | PA      | $589046.74    | 0.24%             | 2031-12-06      | Floating      | 9.62%                 | No            |                  3 | On Loan: No      |
| Empire Today LLC                                                      | Empire Today LLC, Term Loan                                                                   | CUSIP: XXXX15291<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2138914 | PA      | $1311368.35   | 0.54%             | 2029-08-03      | Floating      | 9.10%                 | No            |                  3 | On Loan: No      |
| Renaissance Holding Corp.                                             | Renaissance Holding Corp., Term Loan                                                          | CUSIP: 75972JAK0<br>LEI: 549300UKKEC0Y6TXNF09 | Long             | LON              | CORP              | US        |   1771487 | PA      | $1538545.02   | 0.63%             | 2030-04-05      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| GI Revelation Acquisition LLC                                         | GI Revelation Acquisition LLC, Term Loan B-4                                                  | CUSIP: 36171NAG1<br>LEI: 549300SMU3I9OBMDSS38 | Long             | LON              | CORP              | US        |   1575923 | PA      | $1444143.87   | 0.59%             | 2028-05-12      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| McAfee LLC                                                            | McAfee LLC, Term Loan B                                                                       | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    994987 | PA      | $923298.61    | 0.38%             | 2029-03-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications, Inc.                                            | iHeartCommunications, Inc., Term Loan                                                         | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |    477906 | PA      | $427726.15    | 0.18%             | 2029-05-01      | Floating      | 9.81%                 | No            |                  2 | On Loan: No      |
| Capitol Imaging Services LLC                                          | Capitol Imaging Services LLC, Revolver Loan                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    128425 | PA      | $127654.11    | 0.05%             | 2030-01-03      | Floating      | 2.85%                 | No            |                  3 | On Loan: No      |
| Capitol Imaging Services LLC                                          | Capitol Imaging Services LLC, Delayed Draw Term Loan                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    376006 | PA      | $373749.95    | 0.15%             | 2030-01-03      | Floating      | 7.43%                 | No            |                  3 | On Loan: No      |
| Capitol Imaging Services LLC                                          | Capitol Imaging Services LLC, Term Loan B                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1979902 | PA      | $1968022.12   | 0.81%             | 2029-12-31      | Floating      | 8.96%                 | No            |                  3 | On Loan: No      |
| Organon & Co.                                                         | Organon & Co., Term Loan                                                                      | CUSIP: 68621XAG8<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |    366511 | PA      | $354140.91    | 0.15%             | 2031-05-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Empire Today LLC                                                      | Empire Today LLC, Term Loan B                                                                 | CUSIP: N/A<br>LEI: 254900NVZEWAL7SJT856       | Long             | LON              | CORP              | US        |    636387 | PA      | $550029.28    | 0.23%             | 2029-08-03      | Floating      | 9.60%                 | No            |                  3 | 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        |    994987 | PA      | $999589.28    | 0.41%             | 2032-01-14      | Floating      | 7.25%                 | 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        |   1193985 | PA      | $1198820.60   | 0.49%             | 2032-01-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Trinseo Materials Operating S.C.A.                                    | Trinseo Materials Operating S.C.A., Term Loan C                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    272555 | PA      | $248706.02    | 0.10%             | 2028-05-03      | Floating      | 12.41%                | No            |                  2 | On Loan: No      |
| Mcdermott International, Ltd.                                         | Mcdermott International, Ltd.                                                                 | CUSIP: N/A<br>LEI: 54930004RAXI4B3L4752       | Long             | EC               | CORP              | BM        |    106979 | NS      | $2300048.50   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Source Holding Delaware, LLC                                          | Source Holding Delaware, LLC, Term Loan A                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    899301 | PA      | $890307.50    | 0.37%             | 2031-02-07      | Floating      | 8.60%                 | No            |                  3 | On Loan: No      |
| Source Holding Delaware, LLC                                          | Source Holding Delaware, LLC, Delayed Draw Term Loan                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    388601 | PA      | $384715.02    | 0.16%             | 2031-02-07      | Floating      | 1.38%                 | No            |                  3 | On Loan: No      |
| Source Holding Delaware, LLC                                          | Source Holding Delaware, LLC, Revolver Loan                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    194301 | PA      | $192357.52    | 0.08%             | 2031-02-07      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| DTI HoldCo, Inc.                                                      | DTI HoldCo, Inc., Term Loan B                                                                 | CUSIP: 23358EAK5<br>LEI: 549300QQVMUL3P8XVJ27 | Long             | LON              | CORP              | US        |    501728 | PA      | $470658.48    | 0.19%             | 2029-04-26      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Flora Foods                                                           | Flora Foods, Term Loan B                                                                      | CUSIP: XXXX15465<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1000000 | PA      | $958335.00    | 0.39%             | 2027-12-31      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| Western Smokehouse Partners                                           | Western Smokehouse Partners, Revolver Loan                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     56069 | PA      | $55227.64     | 0.02%             | 2030-03-31      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| Western Smokehouse Partners                                           | Western Smokehouse Partners, Delayed Draw Term Loan                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    150233 | PA      | $147979.65    | 0.06%             | 2030-03-31      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| Western Smokehouse Partners                                           | Western Smokehouse Partners, Term Loan B                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1314438 | PA      | $1294721.47   | 0.53%             | 2029-03-31      | Floating      | 9.71%                 | No            |                  3 | On Loan: No      |
| Eisner Advisory Group LLC                                             | Eisner Advisory Group LLC, Delayed Draw Term Loan                                             | CUSIP: N/A<br>LEI: 549300TV33NKCG2ZE467       | Long             | LON              | CORP              | US        |    575962 | PA      | $583161.11    | 0.24%             | 2031-02-28      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| Rad CLO 19 Ltd.                                                       | Rad CLO 19 Ltd., Series 2023-19A, Class D2R                                                   | CUSIP: 750104AY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $601357.20    | 0.25%             | 2038-03-20      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| Voyager Parent, LLC                                                   | Voyager Parent, LLC, Term Loan B                                                              | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |   1672353 | PA      | $1676148.99   | 0.69%             | 2032-05-10      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| RANGE RED OPER, Inc.                                                  | RANGE RED OPER, Inc., Second Lien Term Loan                                                   | CUSIP: 954XVJ009<br>LEI: 5493002M26QBOQ9CEJ87 | Long             | LON              | CORP              | US        |       144 | PA      | $0.00         | 0.00%             | 2029-10-01      | Floating      | 11.99%                | No            |                  3 | On Loan: No      |
| Selecta Group B.V.                                                    | Selecta Group B.V.                                                                            | CUSIP: N/A<br>LEI: 724500T3W7IMQS6AMA30       | Long             | DBT              | CORP              | FR        |    940262 | PA      | $1091032.93   | 0.45%             | 2030-10-01      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| Quest Software US Holdings Inc.                                       | Quest Software US Holdings Inc., First Lien Term Loan                                         | CUSIP: 67089SAB7<br>LEI: 54930052G52L5K3UK623 | Long             | LON              | CORP              | US        |    624737 | PA      | $647090.48    | 0.27%             | 2029-02-01      | Floating      | 9.84%                 | No            |                  2 | On Loan: No      |
| Selecta Group B.V.                                                    | Selecta Group B.V., Term Loan                                                                 | CUSIP: N/A<br>LEI: 724500T3W7IMQS6AMA30       | Long             | LON              | CORP              | FR        |   1067361 | PA      | $1206042.35   | 0.49%             | 2030-08-01      | Floating      | 1.93%                 | No            |                  3 | On Loan: No      |
| Quest Software US Holdings Inc.                                       | Quest Software US Holdings Inc., First Lien Term Loan                                         | CUSIP: 67089SAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1608734 | PA      | $1378194.52   | 0.57%             | 2029-02-01      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| GC Ferry Acquisition I, Inc. (First Eagle Investment Management, LLC) | GC Ferry Acquisition I, Inc. (First Eagle Investment Management, LLC), Term Loan              | CUSIP: 32009UAD9<br>LEI: 549300ZKYR56QRODD510 | Long             | LON              | CORP              | US        |   1067708 | PA      | $1067414.71   | 0.44%             | 2032-06-04      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| GC Ferry Acquisition I, Inc. (First Eagle Investment Management, LLC) | GC Ferry Acquisition I, Inc. (First Eagle Investment Management, LLC), Delayed Draw Term Loan | CUSIP: 32009UAE7<br>LEI: 549300ZKYR56QRODD510 | Long             | LON              | CORP              | US        |    182292 | PA      | $182241.54    | 0.07%             | 2032-06-04      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Bausch and Lomb, Inc.                                                 | Bausch and Lomb, Inc., Term Loan                                                              | CUSIP: C0787FAJ1<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   1251307 | PA      | $1261004.56   | 0.52%             | 2031-01-30      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Crown Finance US, Inc.                                                | Crown Finance US, Inc., Term Loan                                                             | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |   2603281 | PA      | $2604920.87   | 1.07%             | 2031-12-02      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| MLN US HoldCo LLC (dba Mitel)                                         | MLN US HoldCo LLC (dba Mitel), Term Loan                                                      | CUSIP: 55292HAU7<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |   2113367 | PA      | $1808408.15   | 0.74%             | 2030-06-20      | Floating      | 5.95%                 | No            |                  3 | On Loan: No      |
| MLN US HoldCo LLC (dba Mitel)                                         | MLN US HoldCo LLC (dba Mitel), Term Loan                                                      | CUSIP: 55292HAT0<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |    551281 | PA      | $541137.51    | 0.22%             | 2028-06-20      | Floating      | 7.95%                 | No            |                  3 | On Loan: No      |
| Propulsion (BC) Newco LLC (aka ITP Aero)                              | Propulsion (BC) Newco LLC (aka ITP Aero), Term Loan                                           | CUSIP: 74347UAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         1 | PA      | $1.40         | 0.00%             | 2029-09-14      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| MLN US HoldCo LLC (dba Mitel)                                         | MLN US HoldCo LLC (dba Mitel)                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    263002 | NS      | $1680582.78   | 0.69%             |  |  |  | No            |                  3 | On Loan: No      |
| Kidde Global Solutions                                                | Kidde Global Solutions, Term Loan                                                             | CUSIP: 50221UAD3<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |    682175 | PA      | $683880.15    | 0.28%             | 2031-12-02      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| KnowBe4 (aka Oranje MidCo, LLC)                                       | KnowBe4 (aka Oranje MidCo, LLC), Term Loan                                                    | CUSIP: 49925TAD7<br>LEI: 64883ZJ0RS5039H4PN24 | Long             | LON              | CORP              | US        |    936649 | PA      | $939580.26    | 0.39%             | 2032-07-22      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                               | Level 3 Financing, Inc.                                                                       | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    176000 | PA      | $180430.80    | 0.07%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mavenir Systems, Inc.                                                 | Mavenir Systems, Inc., Second Lien Term Loan                                                  | CUSIP: 57767EAQ5<br>LEI: 549300Q70CXM8TJLTD42 | Long             | LON              | CORP              | US        |    162270 | PA      | $116023.41    | 0.05%             | 2030-07-26      | Floating      | 12.00%                | No            |                  3 | On Loan: No      |
| PetSmart LLC / PetSmart Finance Corp.                                 | PetSmart LLC / PetSmart Finance Corp.                                                         | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $474774.26    | 0.19%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MicroCare Holdings, LLC                                               | MicroCare Holdings, LLC, Delayed Draw Term Loan                                               | CUSIP: N/A<br>LEI: 254900I7XPDY4MJBYU98       | Long             | LON              | CORP              | US        |    604079 | PA      | $599548.07    | 0.25%             | 2031-08-08      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| MicroCare Holdings, LLC                                               | MicroCare Holdings, LLC, Term Loan                                                            | CUSIP: N/A<br>LEI: 254900I7XPDY4MJBYU98       | Long             | LON              | CORP              | US        |   3721125 | PA      | $3665307.68   | 1.50%             | 2031-08-08      | Floating      | 8.86%                 | No            |                  3 | On Loan: No      |
| MicroCare Holdings, LLC                                               | MicroCare Holdings, LLC, Revolver Loan                                                        | CUSIP: N/A<br>LEI: 254900I7XPDY4MJBYU98       | Long             | LON              | CORP              | US        |    604079 | PA      | $595017.48    | 0.24%             | 2031-08-08      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| PetSmart, Inc.                                                        | PetSmart, Inc., Term Loan                                                                     | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    627236 | PA      | $623052.45    | 0.26%             | 2032-08-06      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| Third Coast Super Holdings LLC                                        | Third Coast Super Holdings LLC, Term Loan                                                     | CUSIP: 88412KAD4<br>LEI: 5493006R4EN78GPJ4M96 | Long             | LON              | CORP              | US        |   1251137 | PA      | $1255046.51   | 0.52%             | 2030-09-25      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Quidel Ortho Corp.                                                    | Quidel Ortho Corp., Term Loan                                                                 | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |    790000 | PA      | $787037.50    | 0.32%             | 2032-08-13      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Precision Medicine Group, LLC                                         | Precision Medicine Group, LLC, Term Loan                                                      | CUSIP: 74028HAG0<br>LEI: 5493005RG0LYTBKL8W81 | Long             | LON              | CORP              | US        |    788000 | PA      | $791203.22    | 0.32%             | 2032-08-13      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Global Medical Response, Inc.                                         | Global Medical Response, Inc., Term Loan                                                      | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |   1573232 | PA      | $1583269.19   | 0.65%             | 2032-09-13      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Weber-Stephen Products LLC                                            | Weber-Stephen Products LLC, Term Loan                                                         | CUSIP: N/A<br>LEI: 549300XU8TJBBGLK8V26       | Long             | LON              | CORP              | US        |    863021 | PA      | $863020.80    | 0.35%             | 2032-09-17      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| Windstream Services, LLC                                              | Windstream Services, LLC                                                                      | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    634000 | PA      | $645812.05    | 0.27%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Selecta Group B.V.                                                    | Selecta Group B.V.                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |      2999 | NS      | $350912.05    | 0.14%             |  |  |  | No            |                  3 | On Loan: No      |
| Selecta Group B.V.                                                    | Selecta Group B.V.                                                                            | CUSIP: N/A<br>LEI: 724500T3W7IMQS6AMA30       | Long             | EC               | CORP              | FR        |     11326 | NS      | $1325251.70   | 0.54%             |  |  |  | No            |                  3 | On Loan: No      |
| Windstream Services, LLC                                              | Windstream Services, LLC, Term Loan                                                           | CUSIP: 97381JAK9<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |    505582 | PA      | $504636.48    | 0.21%             | 2031-09-25      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ION Platform Finance US, Inc.                                         | ION Platform Finance US, Inc.                                                                 | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    243000 | PA      | $231838.26    | 0.10%             | 2032-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| City Brewing Co., LLC                                                 | City Brewing Co., LLC, Term Loan                                                              | CUSIP: 10756PAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    153794 | PA      | $132262.63    | 0.05%             | 2030-09-30      | Floating      | 11.20%                | No            |                  3 | On Loan: No      |
| City Brewing Co., LLC                                                 | City Brewing Co., LLC, First Lien Term Loan                                                   | CUSIP: 10756PAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    449572 | PA      | $184324.57    | 0.08%             | 2030-09-30      | Floating      | 11.85%                | No            |                  3 | On Loan: No      |
| BrewCo Borrower, LLC                                                  | BrewCo Borrower, LLC                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3052 | NS      | $2468.70      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Zayo Group Holdings, Inc.                                             | Zayo Group Holdings, Inc., Term Loan                                                          | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1338811 | PA      | $1273543.74   | 0.52%             | 2030-03-11      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| ION Platform Finance US, Inc.                                         | ION Platform Finance US, Inc., Term Loan                                                      | CUSIP: 46206RAC9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | LON              | CORP              | US        |   1954640 | PA      | $1864443.10   | 0.77%             | 2032-09-30      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| ION Platform Finance US Inc / ION Platform Finance S.a.r.l.           | ION Platform Finance US Inc / ION Platform Finance S.a.r.l.                                   | CUSIP: 46206AAF9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    347000 | PA      | $346976.95    | 0.14%             | 2029-08-01      | Fixed         | 9.00%                 | 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        |   5674459 | PA      | $6596242.96   | 2.71%             | 2031-05-31      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| Florida Food Products, LLC                                            | Florida Food Products, LLC, First Lien Term Loan                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    206017 | PA      | $205159.07    | 0.08%             | 2030-10-15      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| Arnott's (Snacking Investments US LLC)                                | Arnott's (Snacking Investments US LLC), Term Loan                                             | CUSIP: 83300QAB1<br>LEI: 549300W8K88D3SM86Y18 | Long             | LON              | CORP              | US        |    541260 | PA      | $545828.14    | 0.22%             | 2032-10-08      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| AnaCap (AFE S.A. SICAV-RAIF)                                          | AnaCap (AFE S.A. SICAV-RAIF), Term Loan                                                       | CUSIP: N/A<br>LEI: 2221001M75L4SO9QJ626       | Long             | LON              | CORP              | GB        |    488591 | PA      | $566935.96    | 0.23%             | 2030-01-01      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| AnaCap (AFE S.A. SICAV-RAIF)                                          | AnaCap (AFE S.A. SICAV-RAIF), Delayed Draw Term Loan                                          | CUSIP: N/A<br>LEI: 2221001M75L4SO9QJ626       | Long             | LON              | CORP              | GB        |    663846 | PA      | $770293.43    | 0.32%             | 2030-01-01      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| IPS Corp. / CP Iris Holdco                                            | IPS Corp. / CP Iris Holdco, Term Loan                                                         | CUSIP: N/A<br>LEI: 25490024F0AS5UR7DB02       | Long             | LON              | CORP              | US        |    314780 | PA      | $314123.66    | 0.13%             | 2032-10-18      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| IPS Corp. / CP Iris Holdco                                            | IPS Corp. / CP Iris Holdco, Delayed Draw Term Loan                                            | CUSIP: N/A<br>LEI: 25490024F0AS5UR7DB02       | Long             | LON              | CORP              | US        |     38862 | PA      | $38780.70     | 0.02%             | 2032-10-18      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Food Products, LLC                                            | Florida Food Products, LLC, Term Loan                                                         | CUSIP: N/A<br>LEI: 254900J6FNIX7DTKUV52       | Long             | LON              | CORP              | US        |    174504 | PA      | $173776.82    | 0.07%             | 2030-10-15      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| Florida Food Products, LLC                                            | Florida Food Products, LLC, Second Lien Term Loan                                             | CUSIP: N/A<br>LEI: 254900J6FNIX7DTKUV52       | Long             | LON              | CORP              | US        |    917650 | PA      | $639294.39    | 0.26%             | 2030-10-15      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Florida Food Products, LLC                                            | Florida Food Products, LLC, Second Lien Term Loan                                             | CUSIP: N/A<br>LEI: 254900J6FNIX7DTKUV52       | Long             | LON              | CORP              | US        |    161864 | PA      | $112765.25    | 0.05%             | 2030-10-15      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Florida Food Products, LLC                                            | Florida Food Products, LLC, Term Loan                                                         | CUSIP: N/A<br>LEI: 254900J6FNIX7DTKUV52       | Long             | LON              | CORP              | US        |    865846 | PA      | $354996.86    | 0.15%             | 2031-04-15      | Floating      | 12.05%                | No            |                  3 | On Loan: No      |
| Altice France                                                         | Altice France, Class 3                                                                        | CUSIP: 929YHW907<br>LEI: 5493001ZMCICV4N02J21 | Long             | EC               | CORP              | FR        |     38129 | NS      | $697114.55    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Versant Media Group, Inc.                                             | Versant Media Group, Inc., Term Loan                                                          | CUSIP: 92528PAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    333348 | PA      | $331334.42    | 0.14%             | 2031-01-30      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| Netrix, LLC                                                           | Netrix, LLC, Term Loan                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1706109 | PA      | $1680517.34   | 0.69%             | 2031-10-31      | Floating      | 9.46%                 | No            |                  3 | On Loan: No      |
| Netrix, LLC                                                           | Netrix, LLC, Revolver Loan                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    293891 | PA      | $289482.66    | 0.12%             | 2031-10-31      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| OmniMax International, LLC                                            | OmniMax International, LLC, Incremental Term Loan                                             | CUSIP: N/A<br>LEI: 549300TV2USM8SJHZ613       | Long             | LON              | CORP              | US        |    382012 | PA      | $374371.38    | 0.15%             | 2030-12-06      | Floating      | 9.64%                 | No            |                  3 | On Loan: No      |
| AnaCap (AFE S.A. SICAV-RAIF)                                          | AnaCap (AFE S.A. SICAV-RAIF), Term Loan                                                       | CUSIP: N/A<br>LEI: 2221001M75L4SO9QJ626       | Long             | LON              | CORP              | GB        |   4039200 | PA      | $0.05         | 0.00%             | 2031-10-31      | Floating      | 0.20%                 | No            |                  3 | On Loan: No      |
| AnaCap (AFE S.A. SICAV-RAIF)                                          | AnaCap (AFE S.A. SICAV-RAIF), Term Loan                                                       | CUSIP: N/A<br>LEI: 2221001M75L4SO9QJ626       | Long             | LON              | CORP              | GB        |   4936800 | PA      | $5364088.24   | 2.20%             | 2031-08-31      | Floating      | 6.05%                 | No            |                  3 | On Loan: No      |
| Ryan, LLC (Ryan Tax)                                                  | Ryan, LLC (Ryan Tax), Term Loan                                                               | CUSIP: 78350LBD6<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |   1276457 | PA      | $1270872.59   | 0.52%             | 2032-11-05      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer