SEC Form N-CSRS filed by Invesco Senior Income Trust
ITEM 1. | REPORTS TO STOCKHOLDERS. |
Semiannual Report to Shareholders | August 31, 2023 |
2 | Invesco Senior Income Trust |
Performance summary |
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Cumulative total returns, 2/28/23 to 8/31/23 |
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Trust at NAV |
6.57 | % | ||
Trust at Market Value |
4.96 | |||
Credit Suisse Leveraged Loan Index▼ |
5.56 | |||
Market Price Discount to NAV as of 8/31/23 |
-5.34 | |||
Source(s): ▼Bloomberg LP |
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The performance data quoted represent past performance and cannot guarantee future results; current performance may be lower or higher. Investment return, net asset value (NAV) and common share market price will fluctuate so that you may have a gain or loss when you sell shares. Please visit invesco.com/us for the most recent month-end performance. Performance figures reflect Trust expenses, the reinvestment of distributions (if any) and changes in NAV for performance based on NAV and changes in market price for performance based on market price. |
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Since the Trust is a closed-end management investment company, shares of the Trust may trade at a discount or premium from the NAV. This characteristic is separate and distinct from the risk that NAV could decrease as a result of investment activities and may be a greater risk to investors expecting to sell their shares after a short time. The Trust cannot predict whether shares will trade at, above or below NAV. The Trust should not be viewed as a vehicle for trading purposes. It is designed primarily for risk-tolerant long-term investors. |
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The Credit Suisse Leveraged Loan Index represents tradable, senior-secured, US-dollar-denominated, noninvestment-grade loans. |
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The Trust is not managed to track the performance of any particular index, including the index(es) described here, and consequently, the performance of the Trust may deviate significantly from the performance of the index(es). |
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A direct investment cannot be made in an index. Unless otherwise indicated, index results include reinvested dividends, and they do not reflect sales charges. Performance of the peer group, if applicable, reflects fund expenses; performance of a market index does not. |
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3 | Invesco Senior Income Trust |
∎ | Add to your account: |
You may increase your shares in your Trust easily and automatically with the Plan. |
∎ | Low transaction costs: |
Shareholders who participate in the Plan may be able to buy shares at below-market prices when the Trust is trading at a premium to its net asset value (NAV). In addition, transaction costs are low because when new shares are issued by the Trust, there is no brokerage fee, and when shares are bought in blocks on the open market, the per share fee is shared among all participants. |
∎ | Convenience: |
You will receive a detailed account statement from Computershare Trust Company, N.A. (the Agent), which administers the Plan. The statement shows your total Distributions, date of investment, shares acquired, and price per share, as well as the total number of shares in your reinvestment account. You can also access your account at invesco.com/closed-end. |
∎ | Safekeeping: |
The Agent will hold the shares it has acquired for you in safekeeping. |
1. | Premium: If the Trust is trading at a premium – a market price that is higher than its NAV – you’ll pay either the NAV or 95 percent of |
the market price, whichever is greater. When the Trust trades at a premium, you may pay less for your reinvested shares than an investor purchasing shares on the stock exchange. Keep in mind, a portion of your price reduction may be taxable because you are receiving shares at less than market price. |
2. | Discount: If the Trust is trading at a discount – a market price that is lower than its NAV – you’ll pay the market price for your reinvested shares. |
1. | If you opt to continue to hold your non-certificated whole shares (Investment Plan Book Shares), they will be held by the Agent electronically as Direct Registration Book-Shares (Book-Entry Shares) and fractional shares will be sold at the then-current market price. Proceeds will be sent via check to your address of record after deducting applicable fees, including per share fees such as any applicable brokerage commissions the Agent is required to pay. |
2. | If you opt to sell your shares through the Agent, we will sell all full and fractional shares and send the proceeds via check to your address of record after deducting a $2.50 service fee and per share fees. Per share fees include any applicable brokerage commissions the Agent is required to pay. |
3. | You may sell your shares through your financial adviser through the Direct Registration System (DRS). DRS is a service within the securities industry that allows Trust shares to be held in your name in electronic format. You retain full ownership of your shares, without having to hold a share certificate. You should contact your financial adviser to learn more about any restrictions or fees that may apply. |
4 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
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Variable Rate Senior Loan Interests–133.55%(b)(c) |
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Aerospace & Defense–6.70% |
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ADB Safegate (ADBAS/CEP IV) (Luxembourg), Term Loan B (3 mo. EURIBOR + 4.75%) |
8.21% | 10/03/2026 | EUR | 1,414 | $ | 1,419,646 | ||||||||
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Barnes Group, Inc., Term Loan B |
0.00% | 08/10/2030 | $ | 457 | 457,980 | |||||||||
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Brown Group Holding LLC (Signature Aviation US Holdings, Inc.), Incremental Term Loan B-2 (1 mo. Term SOFR + 3.75%) |
9.17% | 07/02/2029 | 1,589 | 1,589,739 | ||||||||||
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Castlelake Aviation Ltd., Incremental Term Loan (1 mo. Term SOFR + 2.75%) |
8.00% | 10/22/2027 | 4,685 | 4,685,646 | ||||||||||
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Dynasty Acquisition Co., Inc. |
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Term Loan B-1 (1 mo. Term SOFR + 3.50%) |
9.32% | 04/08/2026 | 206 | 206,320 | ||||||||||
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Term Loan B-2 (1 mo. Term SOFR + 3.50%) |
8.81% | 04/08/2026 | 109 | 109,454 | ||||||||||
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FDH Group Acquisition, Inc., Term Loan A(d)(e) |
12.39% | 10/01/2025 | 21,885 | 21,491,581 | ||||||||||
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Gogo Intermediate Holdings LLC, Term Loan B (1 mo. Term SOFR + 3.75%) |
9.20% | 04/30/2028 | 986 | 988,309 | ||||||||||
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KKR Apple Bidco LLC |
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First Lien Term Loan (1 mo. Term SOFR + 2.75%) |
8.20% | 09/22/2028 | 653 | 646,834 | ||||||||||
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First Lien Term Loan (1 mo. Term SOFR + 4.00%) |
9.33% | 09/22/2028 | 391 | 391,538 | ||||||||||
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NAC Aviation 8 Ltd. (Ireland) |
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Revolver Loan(e)(f) |
0.00% | 12/31/2026 | 1,826 | 1,826,168 | ||||||||||
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Term Loan (1 mo. USD LIBOR + 4.00%)(e) |
9.43% | 12/31/2026 | 2,035 | 0 | ||||||||||
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Term Loan (1 mo. Term SOFR + 4.00%)(e) |
9.43% | 12/31/2026 | 2,079 | 0 | ||||||||||
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Peraton Corp., Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) |
13.23% | 02/01/2029 | 2,400 | 2,360,028 | ||||||||||
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Propulsion (BC) Finco S.a.r.l. (Spain), Term Loan B (3 mo. Term SOFR + 4.00%) |
8.99% | 09/13/2029 | 670 | 669,276 | ||||||||||
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Rand Parent LLC (Atlas Air), Term Loan B (1 mo. Term SOFR + 4.25%) |
9.49% | 02/09/2030 | 1,749 | 1,700,035 | ||||||||||
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Spirit AeroSystems, Inc., Term Loan B (1 mo. Term SOFR + 4.50%) |
9.62% | 01/14/2027 | 1,664 | 1,664,087 | ||||||||||
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Titan Acquisition Holdings L.P., Term Loan B (1 mo. Term SOFR + 4.50%)(e) |
9.81% | 04/27/2030 | 1,005 | 1,007,038 | ||||||||||
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TransDigm, Inc. |
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Term Loan H (1 mo. Term SOFR + 3.25%) |
8.49% | 02/28/2027 | 133 | 133,810 | ||||||||||
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Term Loan I (1 mo. Term SOFR + 3.25%) |
8.49% | 08/24/2028 | 903 | 904,519 | ||||||||||
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42,252,008 | ||||||||||||||
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Air Transport–3.37% |
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AAdvantage Loyalty IP Ltd. (American Airlines, Inc.), Term Loan (1 mo. Term SOFR + 4.75%) |
10.34% | 04/20/2028 | 6,517 | 6,776,809 | ||||||||||
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Air Canada (Canada), Term Loan (3 mo. USD LIBOR + 3.50%) |
9.13% | 08/11/2028 | 1,172 | 1,175,142 | ||||||||||
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American Airlines, Inc., Term Loan (1 mo. Term SOFR + 2.75%) |
8.54% | 02/09/2028 | 1,679 | 1,672,839 | ||||||||||
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Avolon Borrower 1 (US) LLC, Term Loan B-6 (1 mo. Term SOFR + 2.50%) |
7.81% | 06/08/2028 | 985 | 987,018 | ||||||||||
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eTraveli Group (Sweden), Term Loan B-1 (3 mo. EURIBOR + 4.00%) |
7.60% | 08/02/2024 | EUR | 667 | 719,468 | |||||||||
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United Airlines, Inc., Term Loan B (3 mo. USD LIBOR + 3.75%) |
9.29% | 04/21/2028 | 6,855 | 6,883,378 | ||||||||||
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WestJet Airlines Ltd. (Canada), Term Loan (3 mo. Term SOFR + 3.00%) |
8.42% | 12/11/2026 | 3,076 | 3,021,547 | ||||||||||
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21,236,201 | ||||||||||||||
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Automotive–8.46% |
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Adient PLC, Term Loan B-1 (1 mo. Term SOFR + 3.25%) |
8.70% | 04/10/2028 | 508 | 509,660 | ||||||||||
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Autokiniton US Holdings, Inc., Term Loan B (1 mo. Term SOFR + 4.50%) |
9.95% | 04/06/2028 | 2,806 | 2,795,221 | ||||||||||
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Belron Group S.A., First Lien Term Loan B (3 mo. Term SOFR + 2.75%) |
8.16% | 04/06/2029 | 1,136 | 1,138,129 | ||||||||||
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Constellation Auto (CONSTE/BCA) (United Kingdom) |
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First Lien Term Loan B-2 (6 mo. SONIA + 4.75%) |
9.68% | 07/28/2028 | GBP | 305 | 355,438 | |||||||||
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Second Lien Term Loan B-1 (6 mo. SONIA + 7.50%) |
12.68% | 07/27/2029 | GBP | 800 | 698,113 | |||||||||
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DexKo Global, Inc., Incremental Term Loan (1 mo. Term SOFR + 4.25%) |
9.60% | 10/04/2028 | 594 | 581,411 | ||||||||||
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Engineered Components & Systems LLC (aka CentroMotion), Term Loan B(e) |
0.00% | 07/25/2030 | 992 | 984,477 | ||||||||||
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First Brands Group Intermediate LLC |
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Term Loan B (6 mo. Term SOFR + 5.00%) |
10.88% | 03/30/2027 | 1,087 | 1,074,455 | ||||||||||
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Term Loan B (1 mo. Term SOFR + 5.00%) |
10.88% | 03/30/2027 | 3,330 | 3,290,718 | ||||||||||
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Highline Aftermarket Acquisition LLC, Term Loan (1 mo. Term SOFR + 4.50%) |
9.93% | 11/09/2027 | 2,523 | 2,454,041 | ||||||||||
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M&D Distributors |
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Delayed Draw Term Loan(d)(e) |
11.07% | 08/31/2028 | 955 | 937,437 | ||||||||||
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Delayed Draw Term Loan(f) |
0.00% | 08/31/2028 | 1,409 | 1,383,843 | ||||||||||
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Revolver Loan(d)(e)(f) |
0.00% | 08/31/2028 | 1,182 | 1,160,942 | ||||||||||
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Term Loan A(d)(e) |
11.07% | 08/31/2028 | 6,712 | 6,590,782 | ||||||||||
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5 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
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Automotive–(continued) |
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Mavis Tire Express Services TopCo L.P., First Lien Term Loan (1 mo. Term SOFR + 4.00%) |
9.45% | 05/04/2028 | $ | 2,296 | $ | 2,293,335 | ||||||||
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Muth Mirror Systems LLC |
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Revolver Loan(d)(e) |
0.50% | 04/23/2025 | 1,523 | 1,393,362 | ||||||||||
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Term Loan(d)(e) |
12.42% | 04/23/2025 | 16,987 | 15,542,957 | ||||||||||
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Panther BF Aggregator 2 L.P. (Canada), Term Loan B (1 mo. Term SOFR + 3.75%) |
9.08% | 05/06/2030 | 1,260 | 1,260,192 | ||||||||||
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PowerStop LLC, Term Loan B (3 mo. USD LIBOR + 4.75%) |
10.18% | 01/24/2029 | 1,194 | 993,165 | ||||||||||
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Transtar Industries, Inc., Term Loan A(d)(e) |
12.82% | 01/22/2027 | 7,992 | 7,975,990 | ||||||||||
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53,413,668 | ||||||||||||||
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Beverage & Tobacco–1.38% |
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Al Aqua Merger Sub, Inc., Term Loan B (1 mo. Term SOFR + 3.75%) |
9.06% | 07/31/2028 | 2,775 | 2,769,589 | ||||||||||
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City Brewing Co. LLC, Term Loan B (3 mo. Term SOFR + 3.50%) |
9.07% | 03/31/2028 | 7,106 | 4,690,263 | ||||||||||
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Naked Juice LLC (Tropicana), Second Lien Term Loan (3 mo. Term SOFR + 6.00%) |
11.34% | 01/20/2030 | 1,519 | 1,239,402 | ||||||||||
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8,699,254 | ||||||||||||||
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Brokers, Dealers & Investment Houses–0.17% |
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AqGen Island Intermediate Holdings, Inc., Second Lien Term Loan B (3 mo. USD LIBOR + 6.50%) |
12.03% | 08/05/2029 | 39 | 37,287 | ||||||||||
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Zebra Buyer LLC, Term Loan (3 mo. Term SOFR + 4.00%) |
9.24% | 11/01/2028 | 1,046 | 1,046,428 | ||||||||||
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1,083,715 | ||||||||||||||
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Building & Development–2.05% |
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Brookfield Retail Holdings VII Sub 3 LLC, Term Loan B (1 mo. Term SOFR + 2.50%) |
7.83% | 08/27/2025 | 239 | 238,032 | ||||||||||
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Corialis (United Kingdom), Term Loan B (1 mo. SONIA + 4.40%) |
9.62% | 07/06/2028 | GBP | 193 | 223,358 | |||||||||
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Empire Today LLC, Term Loan B (1 mo. USD LIBOR + 5.00%) |
10.43% | 04/01/2028 | 3,290 | 2,715,940 | ||||||||||
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Icebox Holdco III, Inc. |
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First Lien Term Loan (3 mo. Term SOFR + 3.75%) |
9.25% | 12/22/2028 | 1,933 | 1,921,732 | ||||||||||
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Second Lien Term Loan (3 mo. Term SOFR + 6.75%)(e) |
12.25% | 12/21/2029 | 593 | 530,381 | ||||||||||
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Janus International Group LLC, Term Loan B (1 mo. Term SOFR + 3.25%) |
8.67% | 07/25/2030 | 465 | 465,739 | ||||||||||
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LBM Holdings LLC, First Lien Term Loan (1 mo. Term SOFR + 3.75%) |
9.18% | 12/17/2027 | 1 | 1,298 | ||||||||||
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LHS Borrow LLC (Leaf Home Solutions), Term Loan (1 mo. Term SOFR + 4.75%) |
10.18% | 02/16/2029 | 4,013 | 3,563,817 | ||||||||||
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Mayfair Mall LLC, Term Loan (1 mo. Term SOFR + 3.25%)(e) |
8.68% | 04/20/2024 | 857 | 780,193 | ||||||||||
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Oldcastle BuildingEnvelope, Inc., Term Loan B (3 mo. Term SOFR + 4.50%) |
9.84% | 04/29/2029 | 2,436 | 2,431,752 | ||||||||||
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Quikrete Holdings, Inc., First Lien Term Loan (1 mo. Term SOFR + 2.63%) |
8.07% | 02/01/2027 | 61 | 61,040 | ||||||||||
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12,933,282 | ||||||||||||||
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Business Equipment & Services–19.28% |
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Allied Universal Holdco LLC (USAGM Holdco LLC/UNSEAM), Incremental Term Loan (1 mo. Term SOFR + 4.75%) |
9.88% | 05/11/2028 | 3,407 | 3,380,592 | ||||||||||
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Camelot Finance L.P., Term Loan (1 mo. Term SOFR + 3.00%) |
8.45% | 10/30/2026 | 52 | 51,652 | ||||||||||
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Checkout Holding Corp., Term Loan |
12.87% | 05/10/2027 | 204 | 123,560 | ||||||||||
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Cimpress USA, Inc., Term Loan B (1 mo. Term SOFR + 3.50%) |
8.95% | 05/17/2028 | 1,283 | 1,274,602 | ||||||||||
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Constant Contact |
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Second Lien Term Loan (3 mo. USD LIBOR + 7.50%) |
13.06% | 02/15/2029 | 1,012 | 837,651 | ||||||||||
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Term Loan B (1 mo. USD LIBOR + 4.00%) |
9.56% | 02/10/2028 | 719 | 692,366 | ||||||||||
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Corporation Service Co., Term Loan B (1 mo. Term SOFR + 3.25%) |
8.68% | 11/02/2029 | 1,465 | 1,468,070 | ||||||||||
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CRCI Longhorn Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) |
12.68% | 08/08/2026 | 106 | 100,240 | ||||||||||
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Creation Technologies, Inc., Term Loan B (3 mo. USD LIBOR + 5.50%) |
11.01% | 10/05/2028 | 1,131 | 1,074,525 | ||||||||||
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CV Intermediate Holdco Corp. (Class Valuation) |
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Delayed Draw Term Loan(d)(e) |
1.00% | 03/31/2026 | 11,503 | 10,904,661 | ||||||||||
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First Lien Term Loan(d)(e) |
11.77% | 03/31/2026 | 7,724 | 7,322,156 | ||||||||||
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Revolver Loan(d)(e) |
0.50% | 03/31/2026 | 677 | 641,756 | ||||||||||
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Revolver Loan(f) |
0.00% | 03/31/2026 | 500 | 474,341 | ||||||||||
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D&H United Fueling Solutions |
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Delayed Draw Term Loan(d)(e)(f) |
0.00% | 09/30/2028 | 1,417 | 1,374,238 | ||||||||||
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Term Loan(d)(e) |
11.24% | 09/30/2028 | 3,148 | 3,053,863 | ||||||||||
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Dakota Holding Corp., First Lien Term Loan (3 mo. Term SOFR + 3.75%) |
8.99% | 04/09/2027 | 1,255 | 1,213,916 | ||||||||||
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6 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
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Business Equipment & Services–(continued) |
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Dun & Bradstreet Corp. (The) |
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Revolver Loan (1 mo. Term SOFR + 3.00%)(e) |
4.06% | 09/11/2025 | $ | 526 | $ | 522,441 | ||||||||
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Revolver Loan(f) |
0.00% | 09/11/2025 | 3,051 | 3,030,156 | ||||||||||
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Term Loan B (1 mo. Term SOFR + 3.00%) |
8.17% | 02/06/2026 | 1,330 | 1,333,066 | ||||||||||
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Esquire Deposition Solutions LLC |
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Delayed Draw Term Loan(d)(e) |
1.00% | 12/28/2027 | 1,993 | 1,937,518 | ||||||||||
|
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Delayed Draw Term Loan(f) |
0.00% | 12/28/2027 | 563 | 547,064 | ||||||||||
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Revolver Loan(d)(e) |
11.89% | 12/30/2027 | 837 | 814,048 | ||||||||||
|
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Revolver Loan(f) |
0.00% | 12/30/2027 | 442 | 429,279 | ||||||||||
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Term Loan B(d)(e) |
11.89% | 12/30/2027 | 8,909 | 8,659,772 | ||||||||||
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Garda World Security Corp. (Canada) |
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Term Loan (1 mo. Term SOFR + 4.25%) |
9.57% | 02/01/2029 | 2,448 | 2,448,584 | ||||||||||
|
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Term Loan B-2 (1 mo. Term SOFR + 4.25%) |
9.67% | 10/30/2026 | 1,831 | 1,832,327 | ||||||||||
|
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GI Revelation Acquisition LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.00%) |
9.45% | 05/12/2028 | 1,031 | 1,005,222 | ||||||||||
|
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Grandir (The Education Group) (France), Term Loan B |
8.03% | 09/29/2028 | EUR | 452 | 491,164 | |||||||||
|
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ION Trading Technologies S.a.r.l. (Luxembourg), Term Loan (3 mo. EURIBOR + 4.25%) |
7.85% | 04/01/2028 | EUR | 405 | 430,181 | |||||||||
|
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Karman Buyer Corp., First Lien Term Loan B-1 (1 mo. Term SOFR + 4.50%) |
10.04% | 10/28/2027 | 1,141 | 1,095,712 | ||||||||||
|
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KronosNet CX Bidco (Comspa Konecta) (Spain), Term Loan B |
9.45% | 09/30/2029 | EUR | 533 | 566,739 | |||||||||
|
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Lamark Media Group, Incremental Term Loan(d)(e) |
11.46% | 10/14/2027 | 2,501 | 2,461,036 | ||||||||||
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Lamark Media Group LLC |
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Delayed Draw Term Loan(d)(e) |
1.00% | 10/14/2027 | 1,622 | 1,595,861 | ||||||||||
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Revolver Loan(d)(e) |
0.50% | 10/14/2027 | 272 | 267,313 | ||||||||||
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Revolver Loan(f) |
0.00% | 10/14/2027 | 815 | 801,940 | ||||||||||
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Term Loan(d)(e) |
10.71% | 10/14/2027 | 7,492 | 7,372,502 | ||||||||||
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Learning Care Group (US) No. 2, Inc., Term Loan (1 mo. Term SOFR + 4.75%) |
10.12% | 08/08/2028 | 809 | 810,335 | ||||||||||
|
||||||||||||||
Monitronics International, Inc. |
||||||||||||||
Term Loan(e) |
12.29% | 11/15/2023 | 3,936 | 3,936,290 | ||||||||||
|
||||||||||||||
Term Loan(e) |
12.29% | 11/15/2023 | 1,318 | 1,318,204 | ||||||||||
|
||||||||||||||
Term Loan (3 mo. Term SOFR + 7.50%) |
13.00% | 06/30/2028 | 8,009 | 8,116,658 | ||||||||||
|
||||||||||||||
NAS LLC (d.b.a. Nationwide Marketing Group) |
||||||||||||||
First Lien Term Loan(d)(e) |
11.89% | 06/03/2024 | 3,353 | 3,319,488 | ||||||||||
|
||||||||||||||
Revolver Loan(d)(e) |
0.50% | 06/03/2024 | 172 | 170,670 | ||||||||||
|
||||||||||||||
Revolver Loan(f) |
0.00% | 06/03/2024 | 690 | 682,680 | ||||||||||
|
||||||||||||||
Term Loan (3 mo. USD LIBOR + 6.50%)(d)(e) |
11.89% | 06/03/2024 | 8,256 | 8,173,179 | ||||||||||
|
||||||||||||||
Term Loan(d)(e) |
11.89% | 06/03/2024 | 1,568 | 1,552,678 | ||||||||||
|
||||||||||||||
Orchid Merger Sub II LLC, Term Loan (1 mo. Term SOFR + 4.75%) |
10.14% | 07/27/2027 | 3,004 | 2,204,442 | ||||||||||
|
||||||||||||||
Protect America, Revolver Loan(e)(g) |
– | 09/01/2024 | 977 | 908,865 | ||||||||||
|
||||||||||||||
QA Group (IndigoCyan) (Jersey), Term Loan B (3 mo. GBP LIBOR + 4.75%) |
9.94% | 06/23/2024 | GBP | 3,566 | 4,479,606 | |||||||||
|
||||||||||||||
Red Ventures LLC (New Imagitas, Inc.), Term Loan B (1 mo. Term SOFR + 3.00%) |
8.33% | 02/24/2030 | 902 | 900,128 | ||||||||||
|
||||||||||||||
Sitel Worldwide Corp., Term Loan (1 mo. USD LIBOR + 3.75%) |
9.20% | 08/28/2028 | 1,848 | 1,831,013 | ||||||||||
|
||||||||||||||
Skillsoft Corp., Term Loan (1 mo. Term SOFR + 4.75%) |
10.68% | 07/14/2028 | 1,054 | 982,983 | ||||||||||
|
||||||||||||||
Solera (Polaris Newco LLC), Term Loan B (1 mo. SONIA + 5.25%) |
10.44% | 06/05/2028 | GBP | 410 | 467,408 | |||||||||
|
||||||||||||||
Spin Holdco, Inc., Term Loan (3 mo. USD LIBOR + 4.00%) |
9.23% | 03/04/2028 | 9,876 | 8,320,266 | ||||||||||
|
||||||||||||||
Tempo Acquisition LLC, Term Loan B (1 mo. Term SOFR + 3.00%) |
8.33% | 08/31/2028 | 53 | 53,052 | ||||||||||
|
||||||||||||||
UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 4.75%)(e) |
11.28% | 03/20/2027 | 872 | 762,831 | ||||||||||
|
||||||||||||||
WebHelp (France), Term Loan B (1 mo. Term SOFR + 4.00%) |
8.81% | 08/04/2028 | 1,035 | 1,036,258 | ||||||||||
|
||||||||||||||
121,657,148 | ||||||||||||||
|
||||||||||||||
Cable & Satellite Television–3.87% |
||||||||||||||
Altice Financing S.A. (Luxembourg), Term Loan |
10.31% | 10/31/2027 | 406 | 385,792 | ||||||||||
|
||||||||||||||
CSC Holdings LLC, Term Loan B (1 mo. Term SOFR + 4.50%) |
9.81% | 01/15/2028 | 6 | 5,471 | ||||||||||
|
||||||||||||||
Lightning Finco Ltd. (LiveU) (United Kingdom) |
||||||||||||||
Term Loan B-1(d)(e) |
11.18% | 08/31/2028 | 17,300 | 16,522,005 | ||||||||||
|
||||||||||||||
Term Loan B-2(d)(e) |
10.98% | 08/31/2028 | 2,097 | 2,027,832 | ||||||||||
|
||||||||||||||
Numericable-SFR S.A. (France) |
||||||||||||||
Incremental Term Loan B-13 (1 mo. Term SOFR + 4.00%) |
9.63% | 08/14/2026 | 1,821 | 1,718,654 | ||||||||||
|
||||||||||||||
Term Loan B-12 (1 mo. Term SOFR + 3.69%) |
9.26% | 01/31/2026 | 1,328 | 1,255,691 | ||||||||||
|
||||||||||||||
Telenet - LG, Term Loan AR (6 mo. USD LIBOR + 2.00%) |
7.43% | 04/30/2028 | 206 | 200,306 | ||||||||||
|
7 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
||||||||||||||
Cable & Satellite Television–(continued) |
||||||||||||||
Virgin Media 02 - LG (United Kingdom), Term Loan Y (1 mo. Term SOFR + 3.25%) |
8.31% | 03/06/2031 | $ | 2,327 | $ | 2,305,424 | ||||||||
|
||||||||||||||
24,421,175 | ||||||||||||||
|
||||||||||||||
Chemicals & Plastics–10.04% |
||||||||||||||
AkzoNobel Chemicals, Incremental Term Loan (1 mo. Term SOFR + 4.00%) |
9.35% | 03/03/2028 | 981 | 979,820 | ||||||||||
|
||||||||||||||
Aruba Investments, Inc., Second Lien Term Loan (1 mo. Term SOFR + 7.75%) |
13.18% | 11/24/2028 | 1,024 | 945,106 | ||||||||||
|
||||||||||||||
Arxada (Switzerland), Term Loan B (3 mo. EURIBOR + 3.93%) |
7.52% | 07/03/2028 | EUR | 350 | 333,217 | |||||||||
|
||||||||||||||
Ascend Performance Materials Operations LLC, Term Loan (6 mo. Term SOFR + 4.75%) |
9.71% | 08/27/2026 | 4,190 | 4,098,775 | ||||||||||
|
||||||||||||||
Axalta Coating Systems U.S. Holdings, Inc., Term Loan B (1 mo. Term SOFR + 2.50%) |
7.81% | 12/20/2029 | 489 | 490,506 | ||||||||||
|
||||||||||||||
BES (Discovery Purchaser Corp.) |
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 4.38%) |
9.62% | 10/03/2029 | 966 | 929,861 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (1 mo. Term SOFR + 7.00%)(e) |
12.27% | 08/03/2030 | 663 | 618,324 | ||||||||||
|
||||||||||||||
Caldic (Pearls BidCo) (Netherlands), Term Loan B (1 mo. Term SOFR + 4.00%) |
9.12% | 02/26/2029 | 113 | 113,258 | ||||||||||
|
||||||||||||||
Charter NEX US, Inc., First Lien Term Loan (1 mo. Term SOFR + 3.75%) |
9.20% | 12/01/2027 | 1,723 | 1,714,340 | ||||||||||
|
||||||||||||||
Chemours Co. (The), Term Loan B (1 mo. Term SOFR + 3.50%) |
8.83% | 08/10/2028 | 3,369 | 3,327,031 | ||||||||||
|
||||||||||||||
Cyanco Intermediate 2 Corp., Term Loan B (1 mo. Term SOFR + 4.75%) |
10.08% | 07/07/2028 | 659 | 661,910 | ||||||||||
|
||||||||||||||
Eastman Tire Additives (River Buyer, Inc.), First Lien Term Loan (1 mo. Term SOFR + 5.25%) |
10.75% | 11/01/2028 | 3,049 | 2,783,489 | ||||||||||
|
||||||||||||||
Flint Group (ColourOz Inv) (Germany) |
||||||||||||||
PIK Second Lien Term Loan B-2, 5.75% PIK Rate, 9.52% Cash Rate (3 mo. USD LIBOR + 4.25%)(h) |
9.52% | 09/21/2024 | 39 | 11,656 | ||||||||||
|
||||||||||||||
Term Loan |
9.14% | 07/24/2026 | 4 | 4,364 | ||||||||||
|
||||||||||||||
Fusion (Fusion UK Holding Ltd. & US HoldCo VAD, Inc.), Term Loan B (3 mo. Term SOFR + 3.75%) |
9.39% | 05/28/2029 | 311 | 308,221 | ||||||||||
|
||||||||||||||
HASA Acquisition LLC |
||||||||||||||
Revolver Loan(d)(e) |
0.50% | 01/10/2029 | 545 | 529,581 | ||||||||||
|
||||||||||||||
Revolver Loan(f) |
0.00% | 01/10/2029 | 903 | 877,196 | ||||||||||
|
||||||||||||||
Hasa Intermediate Holdings LLC |
||||||||||||||
Delayed Draw Term Loan(d)(e)(f) |
0.00% | 01/10/2029 | 1,505 | 1,463,048 | ||||||||||
|
||||||||||||||
Term Loan(d)(e) |
11.02% | 01/10/2029 | 13,600 | 13,218,708 | ||||||||||
|
||||||||||||||
ICP Group Holdings LLC, First Lien Term Loan (1 mo. Term SOFR + 3.75%) |
9.25% | 12/29/2027 | 917 | 744,693 | ||||||||||
|
||||||||||||||
INEOS Enterprises (-Holdings II Ltd./-US Finco LLC) (United Kingdom), Incremental Term Loan B (1 mo. Term SOFR + 3.75%) |
9.27% | 06/22/2030 | 1,160 | 1,148,511 | ||||||||||
|
||||||||||||||
INEOS Quattro Holdings Ltd. (United Kingdom), Term Loan B (1 mo. Term SOFR + 3.75%)(e) |
9.18% | 03/03/2030 | 741 | 738,478 | ||||||||||
|
||||||||||||||
INEOS US Finance LLC |
||||||||||||||
Term Loan (1 mo. Term SOFR + 3.75%) |
8.95% | 11/08/2027 | 984 | 981,009 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. Term SOFR + 3.50%)(e) |
8.93% | 02/09/2030 | 1,496 | 1,488,538 | ||||||||||
|
||||||||||||||
Lummus Technology (Illuminate Buyer LLC), Term Loan B (1 mo. Term SOFR + 3.50%) |
8.95% | 06/30/2027 | 601 | 598,477 | ||||||||||
|
||||||||||||||
Momentive Performance Materials USA, Inc., Term Loan B (1 mo. Term SOFR + 4.50%) |
9.83% | 03/22/2028 | 1,640 | 1,630,143 | ||||||||||
|
||||||||||||||
Nobian Finance B.V., Term Loan (3 mo. EURIBOR + 3.15%) |
6.77% | 07/01/2026 | EUR | 590 | 622,533 | |||||||||
|
||||||||||||||
Oxea Corp., Term Loan B-2 (1 mo. Term SOFR + 3.25%) |
8.92% | 10/14/2024 | 747 | 746,227 | ||||||||||
|
||||||||||||||
Potters Industries LLC, Term Loan B (3 mo. Term SOFR + 4.00%) |
9.34% | 12/14/2027 | 708 | 710,357 | ||||||||||
|
||||||||||||||
Proampac PG Borrower LLC, First Lien Term Loan (1 mo. Term SOFR + 3.75%) |
9.26% | 11/03/2025 | 506 | 506,315 | ||||||||||
|
||||||||||||||
Trinseo Materials Finance, Inc. |
||||||||||||||
Term Loan (1 mo. Term SOFR + 2.00%) |
7.54% | 09/06/2024 | 318 | 314,295 | ||||||||||
|
||||||||||||||
Term Loan B (1 mo. Term SOFR + 2.50%) |
7.95% | 03/18/2028 | 1,911 | 1,481,839 | ||||||||||
|
||||||||||||||
Tronox Finance LLC, Term Loan (1 mo. USD LIBOR + 3.50%) |
0.00% | 08/10/2028 | 990 | 984,362 | ||||||||||
|
||||||||||||||
Univar, Inc., Term Loan B (3 mo. Term SOFR + 4.50%) |
9.82% | 06/22/2030 | 2,311 | 2,306,601 | ||||||||||
|
||||||||||||||
Vertellus |
||||||||||||||
Revolver Loan (1 mo. USD LIBOR + 5.75%)(d)(e) |
0.50% | 12/22/2025 | 561 | 543,904 | ||||||||||
|
||||||||||||||
Revolver Loan(f) |
0.00% | 12/22/2025 | 1,031 | 998,511 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. SOFR + 7.00%)(d)(e) |
11.43% | 12/22/2027 | 12,754 | 12,358,964 | ||||||||||
|
||||||||||||||
W.R. Grace & Co., Term Loan B (3 mo. USD LIBOR + 3.75%) |
9.31% | 09/22/2028 | 1,067 | 1,068,083 | ||||||||||
|
||||||||||||||
63,380,251 | ||||||||||||||
|
8 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
||||||||||||||
Clothing & Textiles–0.83% |
||||||||||||||
ABG Intermediate Holdings 2 LLC |
||||||||||||||
Delayed Draw Term Loan |
9.43% | 12/21/2028 | $ | 299 | $ | 299,311 | ||||||||
|
||||||||||||||
Delayed Draw Term Loan(f) |
0.00% | 12/21/2028 | 555 | 555,862 | ||||||||||
|
||||||||||||||
First Lien Term Loan B-1 (1 mo. Term SOFR + 3.50%) |
8.93% | 12/21/2028 | 1,232 | 1,233,946 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (1 mo. Term SOFR + 6.00%) |
11.43% | 12/20/2029 | 318 | 321,596 | ||||||||||
|
||||||||||||||
Term Loan B-4 (1 mo. Term SOFR + 4.00%) |
9.43% | 12/21/2028 | 2,603 | 2,608,278 | ||||||||||
|
||||||||||||||
BK LC Lux SPV S.a.r.l. (Birkenstock), Term Loan B (1 mo. Term SOFR + 3.25%) |
8.88% | 04/28/2028 | 218 | 218,247 | ||||||||||
|
||||||||||||||
5,237,240 | ||||||||||||||
|
||||||||||||||
Conglomerates–0.18% |
||||||||||||||
CeramTec (CTEC III GmbH) (Germany), Term Loan B (3 mo. EURIBOR + 3.50%) |
7.28% | 03/16/2029 | EUR | 446 | 480,340 | |||||||||
|
||||||||||||||
Safe Fleet Holdings LLC |
||||||||||||||
First Lien Incremental Term Loan (1 mo. Term SOFR + 5.00%)(e) |
10.42% | 02/23/2029 | 327 | 328,785 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (1 mo. Term SOFR + 6.75%) |
12.18% | 02/02/2026 | 322 | 307,730 | ||||||||||
|
||||||||||||||
1,116,855 | ||||||||||||||
|
||||||||||||||
Containers & Glass Products–7.30% |
||||||||||||||
Berlin Packaging LLC, Term Loan B-5 (1 mo. USD LIBOR + 3.75%) |
9.18% | 03/11/2028 | 850 | 843,675 | ||||||||||
|
||||||||||||||
Brook & Whittle Holding Corp., First Lien Term Loan (3 mo. Term SOFR + 4.00%) |
9.57% | 12/14/2028 | 1,152 | 1,047,573 | ||||||||||
|
||||||||||||||
Duran Group (Germany), Term loan C-2 (1 mo. Term SOFR + 5.50%)(e) |
10.33% | 05/31/2026 | 3,303 | 3,269,345 | ||||||||||
|
||||||||||||||
Keg Logistics LLC |
||||||||||||||
Revolver Loan(d)(e) |
11.53% | 11/23/2027 | 1,663 | 1,587,847 | ||||||||||
|
||||||||||||||
Revolver Loan(f) |
0.00% | 11/23/2027 | 603 | 576,122 | ||||||||||
|
||||||||||||||
Term Loan A (1 mo. USD LIBOR + 6.00%)(d)(e) |
11.53% | 11/16/2027 | 25,726 | 24,568,475 | ||||||||||
|
||||||||||||||
Keter Group B.V. (Netherlands) |
||||||||||||||
Term Loan B-1 (3 mo. EURIBOR + 4.25%) |
7.96% | 10/31/2023 | EUR | 1,188 | 1,199,992 | |||||||||
|
||||||||||||||
Term Loan B-3-A (3 mo. EURIBOR + 4.25%) |
7.89% | 10/31/2023 | EUR | 426 | 429,772 | |||||||||
|
||||||||||||||
LABL, Inc. (Multi-Color), Term Loan (1 mo. Term SOFR + 5.00%) |
10.43% | 10/29/2028 | 3,791 | 3,785,700 | ||||||||||
|
||||||||||||||
Libbey Glass, Inc., Term Loan B (1 mo. SOFR + 6.50%)(e) |
4.75% | 11/22/2027 | 3,555 | 3,430,552 | ||||||||||
|
||||||||||||||
Logoplaste (Mar Bidco S.a.r.l.) (Portugal), Term Loan B (1 mo. USD LIBOR + 4.30%) |
9.49% | 07/07/2028 | 728 | 701,275 | ||||||||||
|
||||||||||||||
Mold-Rite Plastics LLC (Valcour Packaging LLC) |
||||||||||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) |
9.40% | 10/04/2028 | 2,128 | 1,704,112 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (6 mo. USD LIBOR + 7.00%) |
12.65% | 10/04/2029 | 409 | 230,170 | ||||||||||
|
||||||||||||||
Refresco Group N.V. (Netherlands), Term Loan B (3 mo. Term SOFR + 4.25%) |
9.61% | 07/12/2029 | 2,655 | 2,661,312 | ||||||||||
|
||||||||||||||
46,035,922 | ||||||||||||||
|
||||||||||||||
Cosmetics & Toiletries–0.92% |
||||||||||||||
Bausch and Lomb, Inc., Term Loan (1 mo. Term SOFR + 3.25%) |
8.59% | 05/10/2027 | 4,483 | 4,392,101 | ||||||||||
|
||||||||||||||
Rodenstock (Germany), Term Loan B (3 mo. EURIBOR + 5.00%) |
8.71% | 06/29/2028 | EUR | 1,360 | 1,426,120 | |||||||||
|
||||||||||||||
5,818,221 | ||||||||||||||
|
||||||||||||||
Drugs–0.00% |
||||||||||||||
Grifols Worldwide Operations USA, Inc., Term Loan B (3 mo. Term SOFR + 2.00%) |
7.43% | 11/15/2027 | 19 | 18,630 | ||||||||||
|
||||||||||||||
Ecological Services & Equipment–1.25% |
||||||||||||||
Anticimex (Sweden) |
||||||||||||||
Term Loan B-1 (3 mo. Term SOFR + 3.50%) |
8.45% | 11/16/2028 | 599 | 596,372 | ||||||||||
|
||||||||||||||
Term Loan B-2 (1 mo. Term SOFR + 4.75%)(e) |
9.84% | 11/16/2028 | 479 | 480,108 | ||||||||||
|
||||||||||||||
EnergySolutions LLC, Term Loan (3 mo. USD LIBOR + 3.75%) |
9.29% | 05/11/2025 | 1,879 | 1,873,806 | ||||||||||
|
||||||||||||||
Groundworks LLC |
||||||||||||||
Delayed Draw Term Loan (3 mo. SOFR + 6.50%)(e) |
11.81% | 03/14/2030 | 133 | 130,082 | ||||||||||
|
||||||||||||||
Delayed Draw Term Loan(f) |
0.00% | 03/14/2030 | 322 | 314,189 | ||||||||||
|
||||||||||||||
Revolver Loan(e)(f) |
0.00% | 03/14/2029 | 146 | 142,167 | ||||||||||
|
||||||||||||||
Term Loan B(e) |
11.81% | 01/31/2030 | 2,497 | 2,434,607 | ||||||||||
|
||||||||||||||
OGF (VESCAP/Obol France 3/PHM) (France), Term Loan B-2 (6 mo. EURIBOR + 4.75%) |
8.38% | 12/31/2025 | EUR | 326 | 318,864 | |||||||||
|
||||||||||||||
Patriot Container Corp., First Lien Term Loan (1 mo. Term SOFR + 3.75%) |
9.18% | 03/20/2025 | 793 | 747,343 | ||||||||||
|
||||||||||||||
TruGreen L.P., Second Lien Term Loan (1 mo. USD LIBOR + 8.76%) |
14.13% | 11/02/2028 | 1,401 | 880,093 | ||||||||||
|
||||||||||||||
7,917,631 | ||||||||||||||
|
9 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
||||||||||||||
Electronics & Electrical–8.17% |
||||||||||||||
Altar BidCo, Inc. (Brooks Automation, Inc.), Second Lien Term Loan (6 mo. Term SOFR + 5.60%) |
10.49% | 02/01/2030 | $ | 393 | $ | 381,783 | ||||||||
|
||||||||||||||
AppLovin Corp., Term Loan (1 mo. Term SOFR + 3.00%) |
8.43% | 10/25/2028 | 61 | 61,154 | ||||||||||
|
||||||||||||||
Boxer Parent Co., Inc., Term Loan B (EUR001M + 4.00%) |
7.63% | 10/02/2025 | EUR | 35 | 38,144 | |||||||||
|
||||||||||||||
Brave Parent Holdings, Inc., First Lien Term Loan (3 mo. Term SOFR + 4.00%) |
9.52% | 04/18/2025 | 911 | 908,921 | ||||||||||
|
||||||||||||||
Digi International, Inc., Term Loan (6 mo. USD LIBOR + 5.00%)(e) |
10.45% | 11/01/2028 | 1,380 | 1,382,243 | ||||||||||
|
||||||||||||||
E2Open LLC, Term Loan (1 mo. Term SOFR + 3.50%) |
8.95% | 02/04/2028 | 1,259 | 1,260,319 | ||||||||||
|
||||||||||||||
Entegris, Inc., Term Loan B (1 mo. Term SOFR + 2.75%) |
8.08% | 07/06/2029 | 594 | 596,246 | ||||||||||
|
||||||||||||||
Go Daddy Operating Co. LLC, Term Loan (1 mo. Term SOFR + 3.00%) |
7.83% | 11/09/2029 | 140 | 140,149 | ||||||||||
|
||||||||||||||
GoTo Group, Inc. (LogMeIn), First Lien Term Loan (1 mo. USD LIBOR + 4.75%) |
10.27% | 08/31/2027 | 7,126 | 4,629,510 | ||||||||||
|
||||||||||||||
Idemia (Oberthur Tech/Morpho/OBETEC) (France), Term Loan B (1 mo. Term SOFR + 4.75%) |
10.06% | 09/30/2028 | 393 | 393,778 | ||||||||||
|
||||||||||||||
Imperva, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.75%) |
13.39% | 01/11/2027 | 1,649 | 1,656,812 | ||||||||||
|
||||||||||||||
Inetum (Granite Fin Bidco SAS) (France), Term Loan B (3 mo. EURIBOR + 5.00%) |
8.55% | 10/17/2028 | EUR | 868 | 944,001 | |||||||||
|
||||||||||||||
Infinite Electronics |
||||||||||||||
Second Lien Term Loan (3 mo. Term SOFR + 7.00%) |
12.50% | 03/02/2029 | 441 | 384,072 | ||||||||||
|
||||||||||||||
Term Loan B (3 mo. Term SOFR + 3.25%) |
9.25% | 03/02/2028 | 1,054 | 1,035,117 | ||||||||||
|
||||||||||||||
Informatica Corp., Term Loan (1 mo. Term SOFR + 2.75%) |
8.20% | 10/27/2028 | 481 | 481,769 | ||||||||||
|
||||||||||||||
ION Corporates, Term Loan B (1 mo. Term SOFR + 4.25%) |
9.60% | 07/12/2030 | 593 | 589,217 | ||||||||||
|
||||||||||||||
Learning Pool (Brook Bidco Ltd.) (United Kingdom) |
||||||||||||||
Term Loan (3 mo. SONIA + 6.87%)(e) |
11.80% | 08/17/2028 | GBP | 654 | 813,672 | |||||||||
|
||||||||||||||
Term Loan 2(e) |
12.38% | 08/17/2028 | 824 | 791,400 | ||||||||||
|
||||||||||||||
Mavenir Systems, Inc., Term Loan B (3 mo. USD LIBOR + 4.75%) |
10.39% | 08/13/2028 | 2,997 | 2,314,675 | ||||||||||
|
||||||||||||||
McAfee Enterprise, Second Lien Term Loan (1 mo. USD LIBOR + 8.25%) |
13.88% | 07/27/2029 | 1,066 | 479,573 | ||||||||||
|
||||||||||||||
McAfee LLC, Term Loan B-1 (1 mo. Term SOFR + 4.50%) |
9.17% | 03/01/2029 | 673 | 662,515 | ||||||||||
|
||||||||||||||
Natel Engineering Co., Inc., Term Loan (1 mo. Term SOFR + 6.25%) |
11.68% | 04/29/2026 | 3,734 | 2,898,334 | ||||||||||
|
||||||||||||||
Native Instruments (Music Creation Group GMBH/APTUS) (Germany), Term Loan (3 mo. EURIBOR + 6.00%)(e) |
9.49% | 03/03/2028 | EUR | 1,541 | 1,536,890 | |||||||||
|
||||||||||||||
Open Text Corp. (Canada), Term Loan B (1 mo. Term SOFR + 2.75%) |
8.18% | 01/31/2030 | 4,228 | 4,237,632 | ||||||||||
|
||||||||||||||
Project Accelerate Parent LLC, First Lien Term Loan (1 mo. Term SOFR + 4.25%) |
9.88% | 01/02/2025 | 963 | 959,585 | ||||||||||
|
||||||||||||||
Proofpoint, Inc., Term Loan B (3 mo. USD LIBOR + 3.25%) |
8.70% | 08/31/2028 | 2,136 | 2,118,093 | ||||||||||
|
||||||||||||||
Quest Software US Holdings, Inc., Term Loan B (3 mo. Term SOFR + 4.25%) |
9.77% | 02/01/2029 | 4,740 | 3,901,886 | ||||||||||
|
||||||||||||||
RealPage, Inc., Term Loan B (1 mo. Term SOFR + 3.00%) |
8.45% | 04/24/2028 | 1,050 | 1,039,725 | ||||||||||
|
||||||||||||||
Riverbed Technology, Inc., Class B |
9.74% | 07/01/2028 | 2,201 | 1,335,548 | ||||||||||
|
||||||||||||||
Sandvine Corp. |
||||||||||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.50%) |
9.95% | 10/31/2025 | 680 | 589,779 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (1 mo. SOFR + 8.00%)(e) |
13.43% | 11/02/2026 | 289 | 214,175 | ||||||||||
|
||||||||||||||
SonicWall U.S. Holdings, Inc. |
||||||||||||||
First Lien Term Loan (3 mo. USD LIBOR + 3.75%) |
9.18% | 05/16/2025 | 2,192 | 2,164,363 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (3 mo. USD LIBOR + 7.50%) |
12.93% | 05/18/2026 | 353 | 334,762 | ||||||||||
|
||||||||||||||
Term Loan B |
0.00% | 05/16/2028 | 2,192 | 2,164,363 | ||||||||||
|
||||||||||||||
Ultimate Software Group, Inc. |
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 3.75%) |
9.22% | 05/04/2026 | 1,593 | 1,595,029 | ||||||||||
|
||||||||||||||
Second Lien Incremental Term Loan (3 mo. Term SOFR + 5.25%) |
10.62% | 05/03/2027 | 294 | 293,146 | ||||||||||
|
||||||||||||||
Utimaco (Germany) |
||||||||||||||
Term Loan B-1 (3 mo. EURIBOR + 6.00%)(e) |
10.03% | 05/31/2029 | EUR | 3,539 | 3,641,968 | |||||||||
|
||||||||||||||
Term Loan B-2 (3 mo. SOFR + 6.25%)(e) |
11.81% | 05/31/2029 | 1,986 | 1,865,165 | ||||||||||
|
||||||||||||||
Veritas US, Inc., Term Loan B (3 mo. USD LIBOR + 5.00%) |
10.45% | 09/01/2025 | 855 | 725,338 | ||||||||||
|
||||||||||||||
51,560,851 | ||||||||||||||
|
||||||||||||||
Financial Intermediaries–0.71% |
||||||||||||||
Edelman Financial Center LLC (The), Second Lien Term Loan (1 mo. Term SOFR + 6.75%) |
12.20% | 07/20/2026 | 193 | 189,271 | ||||||||||
|
||||||||||||||
LendingTree, Inc., First Lien Delayed Draw Term Loan (1 mo. USD LIBOR + 3.75%) |
9.20% | 09/15/2028 | 2,930 | 2,456,304 | ||||||||||
|
||||||||||||||
Tegra118 Wealth Solutions, Inc., Term Loan (3 mo. Term SOFR + 4.00%)(e) |
9.38% | 02/18/2027 | 1,421 | 1,325,097 | ||||||||||
|
||||||||||||||
Virtue (Vistra+Tricor/Thevelia LLC), First Lien Term Loan B (1 mo. Term SOFR + 4.75%) |
9.50% | 06/22/2029 | 497 | 498,353 | ||||||||||
|
||||||||||||||
4,469,025 | ||||||||||||||
|
||||||||||||||
Food Products–6.09% |
||||||||||||||
Arnott’s (Snacking Investments US LLC), Term Loan (1 mo. Term SOFR + 4.00%) |
9.33% | 12/18/2026 | 1,543 | 1,543,913 | ||||||||||
|
10 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
||||||||||||||
Food Products–(continued) |
||||||||||||||
Biscuit Hld S.A.S.U. (BISPOU/Cookie Acq) (France), First Lien Term Loan (6 mo. EURIBOR + 4.00%) |
7.27% | 02/15/2027 | EUR | 4,486 | $ | 4,138,044 | ||||||||
|
||||||||||||||
BrightPet (AMCP Pet Holdings, Inc.) |
||||||||||||||
Incremental Term Loan B(d)(e) |
13.14% | 10/05/2026 | $ | 3,908 | 3,728,364 | |||||||||
|
||||||||||||||
Revolver Loan (3 mo. USD LIBOR + 6.25%)(d)(e) |
0.50% | 10/05/2026 | 864 | 824,242 | ||||||||||
|
||||||||||||||
Revolver Loan(f) |
0.00% | 10/05/2026 | 201 | 191,198 | ||||||||||
|
||||||||||||||
Term Loan(d)(e) |
13.14% | 10/05/2026 | 3,845 | 3,668,057 | ||||||||||
|
||||||||||||||
Florida Food Products LLC |
||||||||||||||
First Lien Term Loan (1 mo. Term SOFR + 5.00%)(e) |
10.33% | 10/18/2028 | 807 | 693,715 | ||||||||||
|
||||||||||||||
First Lien Term Loan (1 mo. Term SOFR + 5.00%) |
10.45% | 10/18/2028 | 5,636 | 4,861,373 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%)(e) |
13.45% | 10/08/2029 | 1,133 | 934,519 | ||||||||||
|
||||||||||||||
H-Food Holdings LLC |
||||||||||||||
Incremental Term Loan B-3 (1 mo. USD LIBOR + 5.00%) |
10.58% | 05/23/2025 | 1,427 | 1,301,700 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. USD LIBOR + 3.69%) |
9.27% | 05/23/2025 | 21 | 18,948 | ||||||||||
|
||||||||||||||
Nomad Foods US LLC (United Kingdom), Term Loan B (1 mo. Term SOFR + 3.75%) |
8.56% | 11/10/2029 | 604 | 605,627 | ||||||||||
|
||||||||||||||
Shearer’s Foods LLC, Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) |
13.20% | 09/22/2028 | 142 | 130,632 | ||||||||||
|
||||||||||||||
Sigma Bidco (Netherlands), Term Loan B (1 mo. Term SOFR + 4.75%) |
8.21% | 01/02/2028 | 1,865 | 1,826,738 | ||||||||||
|
||||||||||||||
Teasdale Foods, Inc., Term Loan(d)(e) |
11.84% | 12/18/2025 | 14,832 | 13,141,239 | ||||||||||
|
||||||||||||||
Valeo Foods (Jersey) Ltd. (Ireland), Term Loan B (6 mo. EURIBOR + 4.00%) |
7.24% | 09/29/2028 | EUR | 854 | 812,798 | |||||||||
|
||||||||||||||
38,421,107 | ||||||||||||||
|
||||||||||||||
Food Service–0.55% |
||||||||||||||
Areas (Telfer Inv/Financiere Pax), Term Loan B (6 mo. EURIBOR + 4.75%) |
8.49% | 07/01/2026 | EUR | 2,172 | 2,268,643 | |||||||||
|
||||||||||||||
Euro Garages (Netherlands) |
||||||||||||||
Term Loan B (1 mo. Term SOFR + 4.00%) |
9.16% | 02/07/2025 | 724 | 725,851 | ||||||||||
|
||||||||||||||
Term Loan B (1 mo. Term SOFR + 4.25%) |
9.41% | 03/31/2026 | 496 | 495,339 | ||||||||||
|
||||||||||||||
3,489,833 | ||||||||||||||
|
||||||||||||||
Forest Products–0.18% |
||||||||||||||
NewLife Forest Restoration LLC, Term Loan (e) |
9.00% | 11/30/2023 | 1,165 | 1,164,796 | ||||||||||
|
||||||||||||||
Health Care–12.01% |
||||||||||||||
Acacium (Impala Bidco Ltd./ICS US, Inc.) (United Kingdom) |
||||||||||||||
Incremental Term Loan B (1 mo. Term SOFR + 5.25%)(e) |
9.90% | 06/08/2028 | 1,161 | 1,099,790 | ||||||||||
|
||||||||||||||
Term Loan B (6 mo. SONIA + 4.75%) |
9.94% | 06/08/2028 | GBP | 516 | 632,563 | |||||||||
|
||||||||||||||
Affinity Dental Management, Inc. |
||||||||||||||
Delayed Draw Term Loan(d)(e)(f) |
0.00% | 08/04/2028 | 4,865 | 4,635,977 | ||||||||||
|
||||||||||||||
Revolver Loan(d)(e) |
11.12% | 08/04/2028 | 162 | 154,533 | ||||||||||
|
||||||||||||||
Revolver Loan(f) |
0.00% | 08/04/2028 | 1,459 | 1,390,793 | ||||||||||
|
||||||||||||||
Term Loan(d)(e) |
11.12% | 08/04/2028 | 10,783 | 10,276,029 | ||||||||||
|
||||||||||||||
athenahealth Group, Inc., Term Loan (1 mo. Term SOFR + 3.50%) |
8.57% | 02/15/2029 | 753 | 745,086 | ||||||||||
|
||||||||||||||
Bracket Intermediate Holding Corp. (Signant), Term Loan (1 mo. Term SOFR + 5.00%) |
10.42% | 05/03/2028 | 1,164 | 1,160,384 | ||||||||||
|
||||||||||||||
Cerba (Chrome Bidco) (France), Term Loan C (3 mo. EURIBOR + 4.00%) |
7.63% | 02/14/2029 | EUR | 472 | 509,105 | |||||||||
|
||||||||||||||
Cheplapharm Arzneimittel GmbH (Germany), Term Loan B (3 mo. EURIBOR + 3.75%) |
7.42% | 02/22/2029 | EUR | 593 | 640,502 | |||||||||
|
||||||||||||||
Curium BidCo S.a.r.l. (Luxembourg), Term Loan(e) |
9.88% | 07/31/2029 | 654 | 654,619 | ||||||||||
|
||||||||||||||
Ethypharm (Financiere Verdi, Orphea Ltd.) (France), Term Loan B (3 mo. SONIA + 4.50%) |
9.43% | 04/17/2028 | GBP | 649 | 705,213 | |||||||||
|
||||||||||||||
Explorer Holdings, Inc., First Lien Term Loan (1 mo. Term SOFR + 4.50%) |
9.95% | 02/04/2027 | 747 | 732,135 | ||||||||||
|
||||||||||||||
Global Medical Response, Inc. |
||||||||||||||
Term Loan (1 mo. Term SOFR + 4.25%) |
9.88% | 03/14/2025 | 589 | 417,973 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. USD LIBOR + 4.25%) |
9.78% | 10/02/2025 | 1,733 | 1,228,794 | ||||||||||
|
||||||||||||||
International SOS L.P., Term Loan B (3 mo. USD LIBOR + 3.75%)(e) |
9.25% | 09/07/2028 | 1,014 | 1,015,553 | ||||||||||
|
||||||||||||||
MB2 Dental Solutions LLC |
||||||||||||||
Delayed Draw Term Loan(d)(e) |
11.43% | 01/29/2027 | 2,892 | 2,834,607 | ||||||||||
|
||||||||||||||
Delayed Draw Term Loan(d)(e) |
11.43% | 01/29/2027 | 8,649 | 8,476,059 | ||||||||||
|
||||||||||||||
Term Loan(d)(e) |
11.43% | 01/29/2027 | 8,042 | 7,881,666 | ||||||||||
|
||||||||||||||
MedAssets Software Intermediate Holdings, Inc. (nThrive TSG), Second Lien Term Loan (1 mo. Term SOFR + 6.75%) |
12.58% | 12/17/2029 | 775 | 490,101 | ||||||||||
|
||||||||||||||
Neuraxpharm (Cerebro BidCo/Blitz F20-80 GmbH) (Germany) |
||||||||||||||
Term Loan B (3 mo. EURIBOR + 3.75%) |
7.46% | 12/15/2027 | EUR | 232 | 250,301 | |||||||||
|
||||||||||||||
Term Loan B-2 (3 mo. EURIBOR + 3.75%) |
7.46% | 12/15/2027 | EUR | 134 | 144,585 | |||||||||
|
11 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
||||||||||||||
Health Care–(continued) |
||||||||||||||
Nidda Healthcare Holding AG (Germany), Term Loan B (3 mo. EURIBOR + 5.00%) |
8.82% | 04/28/2028 | EUR | 300 | $ | 326,255 | ||||||||
|
||||||||||||||
Prime Time Healthcare, Term Loan A(d) |
11.52% | 09/19/2028 | $ | 4,571 | 4,570,453 | |||||||||
|
||||||||||||||
SDB Holdco LLC (Specialty Dental Brands) |
||||||||||||||
Delayed Draw Term Loan(d)(e) |
1.25% | 03/17/2027 | 3,791 | 3,628,283 | ||||||||||
|
||||||||||||||
Term Loan(d)(e) |
12.42% | 03/09/2027 | 17,857 | 17,088,992 | ||||||||||
|
||||||||||||||
Sharp Midco LLC, Incremental Term Loan B(e) |
0.00% | 12/31/2028 | 405 | 404,662 | ||||||||||
|
||||||||||||||
Summit Behavioral Healthcare LLC, First Lien Term Loan (3 mo. Term SOFR + 4.75%) |
10.43% | 11/24/2028 | 1,346 | 1,350,145 | ||||||||||
|
||||||||||||||
Sunshine Luxembourg VII S.a.r.l. (Nestle Skin Health) (Switzerland), Term Loan (3 mo. Term SOFR + 3.75%) |
9.09% | 10/01/2026 | 587 | 588,621 | ||||||||||
|
||||||||||||||
TTF Holdings LLC (Soliant), Term Loan B (1 mo. USD LIBOR + 4.00%) |
9.45% | 03/31/2028 | 893 | 895,160 | ||||||||||
|
||||||||||||||
Women’s Care Holdings, Inc. LLC |
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 4.50%) |
10.05% | 01/15/2028 | 582 | 518,917 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (1 mo. USD LIBOR + 8.25%) |
13.80% | 01/15/2029 | 402 | 349,761 | ||||||||||
|
||||||||||||||
75,797,617 | ||||||||||||||
|
||||||||||||||
Home Furnishings–4.39% |
||||||||||||||
A-1 Garage Door Services |
||||||||||||||
Delayed Draw Term Loan(d)(e) |
1.00% | 12/22/2028 | 2,278 | 2,207,768 | ||||||||||
|
||||||||||||||
Delayed Draw Term Loan(f) |
0.00% | 12/22/2028 | 790 | 765,256 | ||||||||||
|
||||||||||||||
Revolver Loan(d)(e)(f) |
0.00% | 12/22/2028 | 1,119 | 1,083,779 | ||||||||||
|
||||||||||||||
Term Loan B(d)(e) |
11.84% | 12/22/2028 | 6,844 | 6,631,913 | ||||||||||
|
||||||||||||||
Hilding Anders AB (Sweden) |
||||||||||||||
Term Loan (3 mo. EURIBOR + 5.00%) |
1.25% | 02/28/2026 | EUR | 299 | 148,013 | |||||||||
|
||||||||||||||
Term Loan (6 mo. EURIBOR + 10.00%)(e) |
13.62% | 12/31/2026 | EUR | 23 | 24,219 | |||||||||
|
||||||||||||||
Term Loan(e) |
1.25% | 02/26/2027 | EUR | 278 | 0 | |||||||||
|
||||||||||||||
Hunter Douglas Holding B.V. |
||||||||||||||
Term Loan B-1 (3 mo. Term SOFR + 3.50%) |
8.89% | 02/26/2029 | 4,891 | 4,765,740 | ||||||||||
|
||||||||||||||
Term Loan B-2 (3 mo. EURIBOR + 4.00%) |
7.83% | 02/26/2029 | EUR | 620 | 648,017 | |||||||||
|
||||||||||||||
Mattress Holding Corp., Term Loan (6 mo. USD LIBOR + 4.25%) |
9.95% | 09/25/2028 | 3,838 | 3,815,959 | ||||||||||
|
||||||||||||||
Serta Simmons Bedding LLC, Term Loan (1 mo. Term SOFR + 7.50%) |
12.69% | 06/29/2028 | 2,537 | 2,543,285 | ||||||||||
|
||||||||||||||
SIWF Holdings, Inc., Term Loan B (1 mo. Term SOFR + 4.00%) |
9.45% | 10/06/2028 | 2,303 | 1,927,546 | ||||||||||
|
||||||||||||||
TGP Holdings III LLC, Term Loan B (1 mo. Term SOFR + 3.25%) |
8.68% | 06/29/2028 | 465 | 423,353 | ||||||||||
|
||||||||||||||
VC GB Holdings, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 6.75%) |
12.20% | 07/01/2029 | 530 | 474,704 | ||||||||||
|
||||||||||||||
Weber-Stephen Products LLC |
||||||||||||||
Incremental Term Loan B (1 mo. Term SOFR + 4.25%) |
9.68% | 10/30/2027 | 602 | 545,541 | ||||||||||
|
||||||||||||||
Term Loan B (1 mo. Term SOFR + 3.25%) |
8.70% | 10/30/2027 | 1,898 | 1,720,882 | ||||||||||
|
||||||||||||||
27,725,975 | ||||||||||||||
|
||||||||||||||
Industrial Equipment–5.92% |
||||||||||||||
Arconic Rolled Products Corp., Term Loan B (1 mo. Term SOFR + 4.50%) |
9.88% | 07/26/2030 | 1,417 | 1,420,447 | ||||||||||
|
||||||||||||||
Chart Industries, Inc., Term Loan B (1 mo. Term SOFR + 3.75%) |
9.16% | 03/14/2030 | 2,068 | 2,072,071 | ||||||||||
|
||||||||||||||
CIRCOR International, Inc., Term Loan (1 mo. Term SOFR + 5.50%) |
10.93% | 12/20/2028 | 1,341 | 1,346,483 | ||||||||||
|
||||||||||||||
Delachaux Group S.A. (France), Term Loan B-2 (3 mo. USD LIBOR + 4.50%) |
9.87% | 04/16/2026 | 380 | 375,372 | ||||||||||
|
||||||||||||||
Deliver Buyer, Inc. (MHS Holdings), Term Loan B (3 mo. Term SOFR + 5.50%) |
10.74% | 06/08/2029 | 2,232 | 1,944,470 | ||||||||||
|
||||||||||||||
DXP Enterprises, Inc., Term Loan (1 mo. Term SOFR + 4.75%) |
10.44% | 12/23/2027 | 1,587 | 1,587,259 | ||||||||||
|
||||||||||||||
EMRLD Borrower L.P. (Copeland), Term Loan B (1 mo. Term SOFR + 3.00%) |
8.33% | 05/05/2030 | 2,998 | 3,004,797 | ||||||||||
|
||||||||||||||
Kantar (Summer BC Bidco) (United Kingdom) |
||||||||||||||
Revolver Loan (1 mo. USD LIBOR + 3.00%)(e) |
8.46% | 06/04/2026 | 1,962 | 1,775,135 | ||||||||||
|
||||||||||||||
Revolver Loan(f) |
0.00% | 06/04/2026 | 1,518 | 1,374,141 | ||||||||||
|
||||||||||||||
Term Loan B (3 mo. USD LIBOR + 5.00%) |
10.50% | 12/04/2026 | 1,654 | 1,593,149 | ||||||||||
|
||||||||||||||
Term Loan B-2 (3 mo. Term SOFR + 4.50%) |
10.00% | 12/04/2026 | 555 | 535,779 | ||||||||||
|
||||||||||||||
Term Loan B-3 (3 mo. EURIBOR + 4.25%) |
7.71% | 12/04/2026 | EUR | 335 | 354,717 | |||||||||
|
||||||||||||||
MKS Instruments, Inc., Term Loan B (1 mo. Term SOFR + 2.75%) |
8.18% | 08/17/2029 | 70 | 69,864 | ||||||||||
|
||||||||||||||
MX Holdings US, Inc., Term Loan B-1-C (1 mo. Term SOFR + 2.50%) |
7.95% | 07/31/2025 | 177 | 176,875 | ||||||||||
|
||||||||||||||
New VAC US LLC, Term Loan B (3 mo. USD LIBOR + 4.00%)(e) |
9.73% | 03/08/2025 | 1,443 | 1,414,215 | ||||||||||
|
||||||||||||||
Robertshaw US Holding Corp. |
||||||||||||||
First Lien Term Loan(e) |
10.84% | 02/28/2027 | 1,383 | 1,002,577 | ||||||||||
|
||||||||||||||
First Lien Term Loan |
12.34% | 02/28/2027 | 6,166 | 5,441,632 | ||||||||||
|
||||||||||||||
First Lien Term Loan(e) |
8.34% | 02/28/2027 | 1,706 | 1,723,522 | ||||||||||
|
12 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
||||||||||||||
Industrial Equipment–(continued) |
||||||||||||||
Tank Holding Corp. |
||||||||||||||
Revolver Loan (1 mo. SOFR + 5.75%)(e) |
13.25% | 03/31/2028 | $ | 191 | $ | 185,498 | ||||||||
|
||||||||||||||
Revolver Loan(f) |
0.00% | 03/31/2028 | 233 | 225,655 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. Term SOFR + 6.00%) |
11.18% | 03/31/2028 | 6,300 | 6,124,484 | ||||||||||
|
||||||||||||||
Thyssenkrupp Elevators (Vertical Midco GmbH) (Germany), Term Loan B (6 mo. USD LIBOR + 3.50%) |
9.38% | 07/30/2027 | 670 | 670,257 | ||||||||||
|
||||||||||||||
Victory Buyer LLC (Vantage Elevator) |
||||||||||||||
Second Lien Term Loan(e) |
12.51% | 11/19/2029 | 315 | 272,013 | ||||||||||
|
||||||||||||||
Term Loan B (1 mo. Term SOFR + 3.75%) |
9.26% | 11/15/2028 | 2,938 | 2,695,315 | ||||||||||
|
||||||||||||||
37,385,727 | ||||||||||||||
|
||||||||||||||
Insurance–0.99% |
||||||||||||||
Acrisure LLC |
||||||||||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) |
8.95% | 02/15/2027 | 1,507 | 1,480,750 | ||||||||||
|
||||||||||||||
First Lien Term Loan (1 mo. USD LIBOR + 4.25%) |
9.70% | 02/15/2027 | 1,421 | 1,419,476 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. Term SOFR + 5.75%) |
11.12% | 02/15/2027 | 1,760 | 1,768,429 | ||||||||||
|
||||||||||||||
Sedgwick Claims Management Services, Inc., Term Loan B (1 mo. Term SOFR + 3.75%) |
9.08% | 02/24/2028 | 390 | 390,994 | ||||||||||
|
||||||||||||||
USI, Inc., Term Loan (1 mo. Term SOFR + 3.75%) |
8.99% | 11/22/2029 | 1,174 | 1,176,887 | ||||||||||
|
||||||||||||||
6,236,536 | ||||||||||||||
|
||||||||||||||
Leisure Goods, Activities & Movies–5.77% |
||||||||||||||
Alpha Topco Ltd. (United Kingdom), Term Loan B (1 mo. Term SOFR + 3.25%) |
8.33% | 01/15/2030 | 1,523 | 1,528,617 | ||||||||||
|
||||||||||||||
Carnival Corp. |
||||||||||||||
Incremental Term Loan (6 mo. USD LIBOR + 3.25%) |
8.70% | 10/18/2028 | 6,922 | 6,918,366 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. Term SOFR + 3.00%) |
8.32% | 08/08/2027 | 471 | 471,689 | ||||||||||
|
||||||||||||||
Crown Finance US, Inc. (United Kingdom), Term Loan (1 mo. Term SOFR + 8.50%) |
14.38% | 07/31/2028 | 3,691 | 3,723,579 | ||||||||||
|
||||||||||||||
Dorna Sports S.L. (Spain), Term Loan B (3 mo. EURIBOR + 3.25%) |
7.43% | 03/30/2029 | EUR | 708 | 760,525 | |||||||||
|
||||||||||||||
Fitness International LLC, Term Loan B (3 mo. Term SOFR + 3.25%) |
8.77% | 04/18/2025 | 1,655 | 1,644,343 | ||||||||||
|
||||||||||||||
Nord Anglia Education, Term Loan B (1 mo. Term SOFR + 4.50%) |
9.92% | 01/25/2028 | 1,349 | 1,353,236 | ||||||||||
|
||||||||||||||
OEG Borrower LLC (Opry Entertainment), Term Loan B (3 mo. Term SOFR + 5.00%)(e) |
10.32% | 05/20/2029 | 1,628 | 1,632,039 | ||||||||||
|
||||||||||||||
Royal Caribbean Cruises Ltd. |
||||||||||||||
Revolver Loan(e)(f) |
0.00% | 04/05/2024 | 4,153 | 4,028,261 | ||||||||||
|
||||||||||||||
Revolver Loan (3 mo. USD LIBOR + 0.30%)(e) |
5.96% | 04/12/2024 | 1,098 | 1,074,899 | ||||||||||
|
||||||||||||||
Scenic (Columbus Capital B.V.) (Australia), Term Loan (3 mo. EURIBOR + 3.75%) |
7.35% | 02/27/2027 | EUR | 1,000 | 879,099 | |||||||||
|
||||||||||||||
Six Flags Theme Parks, Inc., Term Loan B (1 mo. Term SOFR + 1.75%) |
7.18% | 04/17/2026 | 111 | 110,570 | ||||||||||
|
||||||||||||||
USF S&H Holdco LLC |
||||||||||||||
Term Loan A(d)(e) |
0.00% | 06/30/2025 | 741 | 740,626 | ||||||||||
|
||||||||||||||
Term Loan A(f) |
0.00% | 06/30/2025 | 886 | 885,934 | ||||||||||
|
||||||||||||||
Term Loan B(d)(e) |
0.00% | 06/30/2025 | 9,315 | 9,315,105 | ||||||||||
|
||||||||||||||
Vue International Bidco PLC (United Kingdom) |
||||||||||||||
Term Loan (6 mo. EURIBOR + 8.00%) |
11.09% | 06/30/2027 | EUR | 344 | 356,187 | |||||||||
|
||||||||||||||
Term Loan |
6.50% | 12/31/2027 | EUR | 1,773 | 1,004,742 | |||||||||
|
||||||||||||||
36,427,817 | ||||||||||||||
|
||||||||||||||
Lodging & Casinos–4.28% |
||||||||||||||
Aimbridge Acquisition Co., Inc. |
||||||||||||||
First Lien Term Loan (1 mo. Term SOFR + 3.75%) |
9.20% | 02/02/2026 | 2,236 | 2,134,370 | ||||||||||
|
||||||||||||||
First Lien Term Loan (1 mo. Term SOFR + 4.75%) |
10.18% | 02/02/2026 | 1,950 | 1,888,013 | ||||||||||
|
||||||||||||||
Bally’s Corp., Term Loan B (3 mo. Term SOFR + 3.25%) |
9.10% | 10/02/2028 | 1,914 | 1,864,284 | ||||||||||
|
||||||||||||||
Caesars Entertainment, Inc., Term Loan B (1 mo. Term SOFR + 3.25%) |
8.68% | 02/06/2030 | 3,592 | 3,599,655 | ||||||||||
|
||||||||||||||
Flutter Financing B.V. (Stars Group), Term Loan B (1 mo. Term SOFR + 3.25%) |
8.75% | 07/04/2028 | 2,195 | 2,198,823 | ||||||||||
|
||||||||||||||
Four Seasons Holdings, Inc. (Canada), Term Loan |
7.93% | 11/30/2029 | 445 | 446,135 | ||||||||||
|
||||||||||||||
GVC Finance LLC, Incremental Term Loan (6 mo. Term SOFR + 3.50%) |
8.44% | 10/31/2029 | 3,924 | 3,936,337 | ||||||||||
|
||||||||||||||
HotelBeds (United Kingdom) |
||||||||||||||
Term Loan B-2 (3 mo. EURIBOR + 5.00%) |
8.76% | 09/12/2028 | EUR | 2,860 | 3,054,052 | |||||||||
|
||||||||||||||
Term Loan C (6 mo. EURIBOR + 4.50%) |
8.26% | 09/30/2027 | EUR | 1,879 | 2,004,444 | |||||||||
|
||||||||||||||
Term Loan D (6 mo. EURIBOR + 5.50%) |
8.84% | 09/12/2027 | EUR | 3,221 | 3,471,977 | |||||||||
|
||||||||||||||
Ontario Gaming GTA L.P. (One Toronto Gaming), First Lien Term Loan B (1 mo. Term SOFR + 4.25%) |
9.62% | 07/20/2030 | 1,204 | 1,208,312 | ||||||||||
|
||||||||||||||
Scientific Games Lottery, Term Loan B (3 mo. EURIBOR + 4.00%) |
7.59% | 01/31/2029 | EUR | 471 | 505,602 | |||||||||
|
13 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
||||||||||||||
Lodging & Casinos–(continued) |
||||||||||||||
Travel + Leisure Co., Incremental Term Loan (1 mo. Term SOFR + 4.00%) |
9.35% | 12/14/2029 | $ | 681 | $ | 682,537 | ||||||||
|
||||||||||||||
26,994,541 | ||||||||||||||
|
||||||||||||||
Nonferrous Metals & Minerals–1.38% |
||||||||||||||
American Rock Salt Co. LLC |
||||||||||||||
First Lien Term Loan (1 mo. Term SOFR + 4.00%) |
9.45% | 06/09/2028 | 919 | 875,052 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (1 mo. Term SOFR + 7.25%) |
12.70% | 06/11/2029 | 101 | 90,861 | ||||||||||
|
||||||||||||||
AZZ, Inc., Term Loan (1 mo. Term SOFR + 4.25%) |
9.08% | 05/13/2029 | 2,184 | 2,191,906 | ||||||||||
|
||||||||||||||
Covia Holdings Corp., Term Loan (3 mo. Term SOFR + 4.00%) |
9.53% | 07/31/2026 | 2,337 | 2,326,547 | ||||||||||
|
||||||||||||||
Form Technologies LLC |
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 4.50%) |
10.02% | 07/19/2025 | 1,430 | 1,334,985 | ||||||||||
|
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 9.00%) |
14.52% | 10/22/2025 | 1,059 | 815,312 | ||||||||||
|
||||||||||||||
SCIH Salt Holdings, Inc. (Kissner Group), First Lien Incremental Term Loan B-1 (3 mo. Term SOFR + 4.00%) |
9.63% | 03/16/2027 | 1,094 | 1,094,273 | ||||||||||
|
||||||||||||||
8,728,936 | ||||||||||||||
|
||||||||||||||
Oil & Gas–2.96% |
||||||||||||||
Brazos Delaware II LLC, First Lien Term Loan (1 mo. Term SOFR + 3.75%) |
9.06% | 02/01/2030 | 2,000 | 1,980,601 | ||||||||||
|
||||||||||||||
Gulf Finance LLC, Term Loan (1 mo. Term SOFR + 6.75%) |
12.63% | 08/25/2026 | 2,471 | 2,480,719 | ||||||||||
|
||||||||||||||
McDermott International Ltd. |
||||||||||||||
LOC(e)(f) |
0.00% | 06/28/2024 | 3,645 | 2,715,155 | ||||||||||
|
||||||||||||||
LOC (3 mo. SOFR + 4.00%)(e) |
4.09% | 06/30/2024 | 1,620 | 1,133,733 | ||||||||||
|
||||||||||||||
PIK Second Lien Term Loan, 3.00% PIK Rate, 6.45% Cash Rate (1 mo. Term SOFR + 1.00%)(h) |
3.00% | 09/25/2025 | 872 | 466,672 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. Term SOFR + 3.00%)(e) |
8.45% | 06/30/2024 | 159 | 115,610 | ||||||||||
|
||||||||||||||
Par Petroleum LLC and Par Petroleum Finance Corp. (Par Pacific), Term Loan B (1 mo. Term SOFR + 4.25%) |
9.77% | 02/14/2030 | 2,309 | 2,300,100 | ||||||||||
|
||||||||||||||
Petroleum GEO-Services ASA (Norway) |
||||||||||||||
Term Loan (3 mo. SOFR + 6.75%)(e) |
11.99% | 03/18/2024 | 808 | 816,282 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. USD LIBOR + 7.00%) |
12.54% | 03/19/2024 | 1,115 | 1,115,396 | ||||||||||
|
||||||||||||||
QuarterNorth Energy, Inc., Second Lien Term Loan (1 mo. Term SOFR + 8.00%) |
||||||||||||||
(Acquired 08/03/2021-10/14/2022; Cost $4,834,020)(i) |
13.45% | 08/27/2026 | 4,912 | 4,902,067 | ||||||||||
|
||||||||||||||
WhiteWater Whistler Holdings LLC, Term Loan B (1 mo. Term SOFR + 3.25%) |
8.49% | 01/25/2030 | 620 | 621,516 | ||||||||||
|
||||||||||||||
18,647,851 | ||||||||||||||
|
||||||||||||||
Publishing–3.45% |
||||||||||||||
Cengage Learning, Inc., Term Loan B (3 mo. Term SOFR + 4.75%) |
10.32% | 06/29/2026 | 4,404 | 4,399,754 | ||||||||||
|
||||||||||||||
Clear Channel Worldwide Holdings, Inc., Term Loan B (3 mo. Term SOFR + 3.50%) |
8.85% | 08/21/2026 | 1,166 | 1,142,735 | ||||||||||
|
||||||||||||||
Dotdash Meredith, Inc., Term Loan B (1 mo. Term SOFR + 4.00%) |
9.42% | 12/01/2028 | 5,787 | 5,592,001 | ||||||||||
|
||||||||||||||
Harbor Purchaser, Inc. (Houghton Mifflin Harcourt) |
||||||||||||||
First Lien Term Loan B (1 mo. Term SOFR + 5.25%) |
10.68% | 04/09/2029 | 3,211 | 2,979,292 | ||||||||||
|
||||||||||||||
Second Lien Term Loan B (1 mo. Term SOFR + 8.00%) |
13.83% | 04/08/2030 | 2,056 | 1,765,909 | ||||||||||
|
||||||||||||||
McGraw-Hill Education, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) |
10.20% | 07/28/2028 | 3,185 | 3,128,859 | ||||||||||
|
||||||||||||||
Micro Holding L.P., Term Loan B-3 (1 mo. Term SOFR + 4.25%) |
9.58% | 05/03/2028 | 2,836 | 2,730,046 | ||||||||||
|
||||||||||||||
21,738,596 | ||||||||||||||
|
||||||||||||||
Radio & Television–0.09% |
||||||||||||||
Diamond Sports Holdings LLC, Second Lien Term Loan (j)(k) |
0.00% | 08/24/2026 | 2,121 | 59,468 | ||||||||||
|
||||||||||||||
Sinclair Television Group, Inc., Term Loan B-3 (1 mo. Term SOFR + 3.00%) |
8.45% | 04/01/2028 | 679 | 514,077 | ||||||||||
|
||||||||||||||
573,545 | ||||||||||||||
|
||||||||||||||
Retailers (except Food & Drug)–2.66% |
||||||||||||||
Action Holding B.V. (Netherlands), Term Loan B-3-A (3 mo. EURIBOR + 3.75%) |
7.35% | 09/21/2028 | EUR | 293 | 319,273 | |||||||||
|
||||||||||||||
Bass Pro Group LLC, Term Loan B-2 (1 mo. USD LIBOR + 3.75%) |
9.20% | 03/06/2028 | 5,419 | 5,412,425 | ||||||||||
|
||||||||||||||
Douglas (Kirk Beauty GmbH) (Germany) |
||||||||||||||
Term Loan B-1 (6 mo. EURIBOR + 5.25%) |
9.43% | 04/08/2026 | EUR | 358 | 386,505 | |||||||||
|
||||||||||||||
Term Loan B-2 (6 mo. EURIBOR + 5.25%) |
9.43% | 04/08/2026 | EUR | 206 | 222,577 | |||||||||
|
||||||||||||||
Term Loan B-3 (6 mo. EURIBOR + 5.25%) |
9.43% | 04/08/2026 | EUR | 453 | 489,450 | |||||||||
|
||||||||||||||
Term Loan B-4 (6 mo. EURIBOR + 5.25%) |
9.43% | 04/08/2026 | EUR | 632 | 682,636 | |||||||||
|
||||||||||||||
Term Loan B-5 (6 mo. EURIBOR + 5.25%) |
9.43% | 04/08/2026 | EUR | 141 | 151,887 | |||||||||
|
14 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||
|
||||||||||||||
Retailers (except Food & Drug)–(continued) |
||||||||||||||
PetSmart, Inc., Term Loan (1 mo. Term SOFR + 3.75%) |
9.18% | 02/11/2028 | $ | 7,751 | $ | 7,745,880 | ||||||||
|
||||||||||||||
Savers, Inc., Term Loan (1 mo. Term SOFR + 5.50%) |
10.75% | 04/26/2028 | 1,385 | 1,397,482 | ||||||||||
|
||||||||||||||
16,808,115 | ||||||||||||||
|
||||||||||||||
Surface Transport–2.11% |
||||||||||||||
Carriage Purchaser, Inc., Term Loan B (1 mo. Term SOFR + 4.25%) |
9.70% | 09/30/2028 | 590 | 579,340 | ||||||||||
|
||||||||||||||
First Student Bidco, Inc. |
||||||||||||||
Incremental Term C (3 mo. Term SOFR + 4.00%) |
9.34% | 07/21/2028 | 220 | 217,999 | ||||||||||
|
||||||||||||||
Incremental Term Loan B (3 mo. Term SOFR + 4.00%) |
9.34% | 07/21/2028 | 3,158 | 3,123,342 | ||||||||||
|
||||||||||||||
Hertz Corp. (The), Term Loan B (1 mo. Term SOFR + 3.25%) |
8.70% | 06/30/2028 | 87 | 87,039 | ||||||||||
|
||||||||||||||
Hurtigruten (Explorer II AS) (Norway), Term Loan B (3 mo. EURIBOR + 6.50%) |
10.45% | 02/26/2027 | EUR | 3,127 | 2,787,540 | |||||||||
|
||||||||||||||
Novae LLC, Term Loan B (3 mo. Term SOFR + 5.00%) |
10.34% | 12/22/2028 | 456 | 415,079 | ||||||||||
|
||||||||||||||
Odyssey Logistics & Technology Corp., Term Loan B (1 mo. Term SOFR + 4.50%) |
9.92% | 10/12/2027 | 950 | 945,709 | ||||||||||
|
||||||||||||||
PODS LLC, Incremental Term Loan B (1 mo. Term SOFR + 4.00%) |
9.45% | 04/01/2028 | 3,676 | 3,607,450 | ||||||||||
|
||||||||||||||
STG - XPOI Opportunity, Term Loan B (1 mo. Term SOFR + 6.00%)(e) |
11.39% | 03/24/2028 | 1,589 | 1,529,722 | ||||||||||
|
||||||||||||||
13,293,220 | ||||||||||||||
|
||||||||||||||
Telecommunications–3.60% |
||||||||||||||
Avaya, Inc., Term Loan |
||||||||||||||
(Acquired 02/17/2021-08/31/2023; Cost $2,712,119)(i) |
13.83% | 05/15/2029 | 689 | 578,124 | ||||||||||
|
||||||||||||||
Cablevision Lightpath LLC, Term Loan (1 mo. Term SOFR + 3.25%) |
8.67% | 11/30/2027 | 1 | 152 | ||||||||||
|
||||||||||||||
CenturyLink, Inc., Term Loan B (1 mo. Term SOFR + 2.25%) |
7.70% | 03/15/2027 | 2,629 | 1,729,556 | ||||||||||
|
||||||||||||||
Cincinnati Bell, Inc., Term Loan B-2 (1 mo. Term SOFR + 3.25%) |
8.68% | 11/22/2028 | 35 | 33,903 | ||||||||||
|
||||||||||||||
Crown Subsea Communications Holding, Inc. |
||||||||||||||
Incremental Term Loan (1 mo. Term SOFR + 5.25%) |
10.68% | 04/27/2027 | 1,157 | 1,162,431 | ||||||||||
|
||||||||||||||
Term Loan (1 mo. Term SOFR + 4.75%) |
10.43% | 04/27/2027 | 1,907 | 1,913,812 | ||||||||||
|
||||||||||||||
Intelsat Jackson Holdings S.A. (Luxembourg), Term Loan B (6 mo. Term SOFR + 4.25%) |
9.77% | 02/01/2029 | 2,227 | 2,230,033 | ||||||||||
|
||||||||||||||
Iridium Satellite LLC, Term Loan B (1 mo. Term SOFR + 2.50%) |
7.93% | 11/04/2026 | 38 | 37,720 | ||||||||||
|
||||||||||||||
MLN US HoldCo LLC (dba Mitel) |
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 4.50%) |
9.84% | 11/30/2025 | 45 | 6,538 | ||||||||||
|
||||||||||||||
Second Lien Term Loan (3 mo. SOFR + 6.70%) |
12.11% | 11/01/2027 | 6,800 | 2,481,987 | ||||||||||
|
||||||||||||||
Term Loan (3 mo. SOFR + 6.44%) |
11.85% | 11/01/2027 | 2,796 | 2,138,673 | ||||||||||
|
||||||||||||||
Third Lien Term Loan (3 mo. SOFR + 9.25%)(e) |
14.66% | 11/01/2027 | 2,583 | 516,592 | ||||||||||
|
||||||||||||||
Telesat LLC, Term Loan B-5 (1 mo. USD LIBOR + 2.75%) |
8.43% | 12/07/2026 | 3,460 | 2,499,604 | ||||||||||
|
||||||||||||||
U.S. TelePacific Corp. |
||||||||||||||
First Lien Term Loan (3 mo. Term SOFR + 5.41%) |
6.00% | 05/02/2026 | 1,673 | 675,357 | ||||||||||
|
||||||||||||||
Third Lien Term Loan(e) |
0.00% | 05/02/2027 | 167 | 0 | ||||||||||
|
||||||||||||||
Viasat, Inc., Term Loan (1 mo. Term SOFR + 3.75%) |
9.83% | 03/02/2029 | 1,849 | 1,813,583 | ||||||||||
|
||||||||||||||
Voyage Digital (NC) Ltd., Term Loan B (3 mo. Term SOFR + 4.50%) |
9.63% | 05/10/2029 | 1,523 | 1,526,180 | ||||||||||
|
||||||||||||||
Windstream Services LLC, Term Loan (1 mo. Term SOFR + 6.25%) |
11.68% | 09/21/2027 | 3,002 | 2,870,284 | ||||||||||
|
||||||||||||||
Zayo Group Holdings, Inc., Incremental Term Loan (1 mo. Term SOFR + 4.25%) |
9.66% | 03/09/2027 | 640 | 516,767 | ||||||||||
|
||||||||||||||
22,731,296 | ||||||||||||||
|
||||||||||||||
Utilities–2.44% |
||||||||||||||
Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. Term SOFR + 2.75%) |
8.20% | 08/01/2025 | 661 | 661,023 | ||||||||||
|
||||||||||||||
Covanta Energy Corp. |
||||||||||||||
Term Loan B (1 mo. Term SOFR + 3.00%) |
8.31% | 11/30/2028 | 1,027 | 1,029,251 | ||||||||||
|
||||||||||||||
Term Loan C |
8.31% | 11/30/2028 | 77 | 77,194 | ||||||||||
|
||||||||||||||
Generation Bridge LLC, Term Loan B (1 mo. Term SOFR + 4.25%) |
0.00% | 08/07/2029 | 1,327 | 1,329,091 | ||||||||||
|
||||||||||||||
Granite Generation LLC, Term Loan (1 mo. USD LIBOR + 3.75%) |
9.20% | 11/09/2026 | 2,070 | 2,033,126 | ||||||||||
|
||||||||||||||
KAMC Holdings, Inc. (Franklin Energy Group), First Lien Term Loan B (6 mo. Term SOFR + 4.00%) |
9.73% | 08/14/2026 | 1,411 | 1,235,583 | ||||||||||
|
||||||||||||||
Lightstone Holdco LLC |
||||||||||||||
Term Loan B (1 mo. Term SOFR + 5.75%) |
11.08% | 02/01/2027 | 4,103 | 3,737,048 | ||||||||||
|
||||||||||||||
Term Loan C (1 mo. Term SOFR + 5.75%) |
11.08% | 02/01/2027 | 233 | 211,866 | ||||||||||
|
||||||||||||||
Nautilus Power LLC, Term Loan (1 mo. Term SOFR + 5.25%) |
10.75% | 11/16/2026 | 1,990 | 1,509,111 | ||||||||||
|
||||||||||||||
Pike Corp., Term Loan (1 mo. Term SOFR + 3.50%) |
8.83% | 01/21/2028 | 424 | 425,441 | ||||||||||
|
15 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||||
|
||||||||||||||||
Utilities–(continued) |
||||||||||||||||
Talen Energy Supply LLC |
||||||||||||||||
Term Loan B (1 mo. Term SOFR + 4.50%) |
9.88% | 05/27/2030 | $ | 1,999 | $ | 2,008,301 | ||||||||||
|
||||||||||||||||
Term Loan C (1 mo. Term SOFR + 4.50%) |
9.88% | 05/27/2030 | 1,128 | 1,133,081 | ||||||||||||
|
||||||||||||||||
15,390,116 | ||||||||||||||||
|
||||||||||||||||
Total Variable Rate Senior Loan Interests (Cost $880,922,091) |
842,806,701 | |||||||||||||||
|
||||||||||||||||
Shares | ||||||||||||||||
Common Stocks & Other Equity Interests–10.61%(l) |
||||||||||||||||
Aerospace & Defense–0.28% |
||||||||||||||||
IAP Worldwide Services, Inc. (Acquired 07/18/2014-02/08/2019; Cost $593,748)(e)(i) |
|
320 | 1,748,041 | |||||||||||||
|
||||||||||||||||
NAC Aviation 8 Ltd.(e) |
57,567 | 0 | ||||||||||||||
|
||||||||||||||||
1,748,041 | ||||||||||||||||
|
||||||||||||||||
Automotive–0.00% |
||||||||||||||||
ThermaSys Corp. (Acquired 12/31/2018; Cost $618,347)(e)(i) |
881,784 | 0 | ||||||||||||||
|
||||||||||||||||
Building & Development–0.00% |
||||||||||||||||
Haya (Holdco2 PLC/Real Estate SAU)(e) |
551 | 0 | ||||||||||||||
|
||||||||||||||||
Lake at Las Vegas Joint Venture LLC, Class A (Acquired 07/15/2010; Cost $7,937,680)(e)(i) |
|
780 | 0 | |||||||||||||
|
||||||||||||||||
Lake at Las Vegas Joint Venture LLC, Class B(e) |
9 | 0 | ||||||||||||||
|
||||||||||||||||
0 | ||||||||||||||||
|
||||||||||||||||
Business Equipment & Services–2.21% |
||||||||||||||||
Monitronics International, Inc. (Acquired 06/30/2023; Cost $3,093,156)(e)(i) |
|
153,659 | 3,226,839 | |||||||||||||
|
||||||||||||||||
My Alarm Center LLC, Class A (Acquired 03/09/2021-12/03/2021; Cost $5,861,907)(e)(i) |
|
44,397 | 10,753,004 | |||||||||||||
|
||||||||||||||||
13,979,843 | ||||||||||||||||
|
||||||||||||||||
Containers & Glass Products–0.02% |
||||||||||||||||
Libbey Glass LLC (Acquired 11/13/2020-02/10/2022; Cost $52,821)(i) |
|
12,972 | 102,154 | |||||||||||||
|
||||||||||||||||
Drugs–0.00% |
||||||||||||||||
Inotiv, Inc., Conv. |
5,797 | 21,681 | ||||||||||||||
|
||||||||||||||||
Electronics & Electrical–0.00% |
||||||||||||||||
Riverbed Technology, Inc. (Acquired 07/03/2023; Cost $7,759)(e)(i) |
59,683 | 7,759 | ||||||||||||||
|
||||||||||||||||
Financial Intermediaries–0.02% |
||||||||||||||||
RJO Holdings Corp.(e) |
1,481 | 74,077 | ||||||||||||||
|
||||||||||||||||
RJO Holdings Corp., Class A(e) |
1,142 | 57,114 | ||||||||||||||
|
||||||||||||||||
RJO Holdings Corp., Class B(e) |
1,667 | 17 | ||||||||||||||
|
||||||||||||||||
131,208 | ||||||||||||||||
|
||||||||||||||||
Home Furnishings–0.22% |
||||||||||||||||
Serta Simmons Bedding LLC (Acquired 06/29/2023; Cost $14,067)(i) |
|
90,756 | 1,397,642 | |||||||||||||
|
||||||||||||||||
Industrial Equipment–0.05% |
||||||||||||||||
North American Lifting Holdings, Inc. |
44,777 | 313,439 | ||||||||||||||
|
||||||||||||||||
Leisure Goods, Activities & Movies–2.34% |
||||||||||||||||
Crown Finance US, Inc. |
1,138 | 24,651 | ||||||||||||||
|
||||||||||||||||
Crown Finance US, Inc., Rts. |
170,299 | 3,688,082 | ||||||||||||||
|
||||||||||||||||
USF S&H Holdco LLC(d)(e) |
9,844 | 11,028,888 | ||||||||||||||
|
||||||||||||||||
Vue International Bidco PLC(e) |
1,751,232 | 0 | ||||||||||||||
|
||||||||||||||||
14,741,621 | ||||||||||||||||
|
||||||||||||||||
Lodging & Casinos–0.38% |
||||||||||||||||
Bally’s Corp.(m) |
120,357 | 1,997,926 | ||||||||||||||
|
||||||||||||||||
Caesars Entertainment, Inc.(m) |
7,110 | 392,899 | ||||||||||||||
|
||||||||||||||||
2,390,825 | ||||||||||||||||
|
||||||||||||||||
Oil & Gas–4.68% |
||||||||||||||||
HGIM Corp.(e) |
17,672 | 653,864 | ||||||||||||||
|
16 | Invesco Senior Income Trust |
Shares | Value | |||||||||||||||
|
||||||||||||||||
Oil & Gas–(continued) |
||||||||||||||||
McDermott International Ltd.(m) |
352,986 | $ | 56,478 | |||||||||||||
|
||||||||||||||||
McDermott International Ltd.(e) |
1,066,050 | 162,039 | ||||||||||||||
|
||||||||||||||||
NexTier Oilfield Solutions, Inc.(m) |
42,011 | 445,737 | ||||||||||||||
|
||||||||||||||||
QuarterNorth Energy Holding, Inc. (Acquired 06/02/2021-10/29/2021; Cost $8,364,418)(e)(i) |
|
128,436 | 21,712,106 | |||||||||||||
|
||||||||||||||||
QuarterNorth Energy Holding, Inc., Wts., expiring 08/27/2029(e) |
|
22,570 | 388,204 | |||||||||||||
|
||||||||||||||||
QuarterNorth Energy Holding, Inc., Wts., expiring 08/27/2029 (Acquired 08/27/2021; Cost $260,808)(e)(i) |
|
43,468 | 19,561 | |||||||||||||
|
||||||||||||||||
Samson Investment Co., Class A (Acquired 03/01/2017; Cost $3,094,069)(e)(i) |
|
132,022 | 118,820 | |||||||||||||
|
||||||||||||||||
Seadrill Ltd.(m) |
113,390 | 5,516,423 | ||||||||||||||
|
||||||||||||||||
Southcross Energy Partners L.P. (Acquired 07/29/2014-10/29/2020; Cost $672,435)(i) |
|
64,960 | 909 | |||||||||||||
|
||||||||||||||||
Tribune Resources LLC (Acquired 04/03/2018; Cost $1,719,591)(i) |
|
337,847 | 464,540 | |||||||||||||
|
||||||||||||||||
29,538,681 | ||||||||||||||||
|
||||||||||||||||
Radio & Television–0.09% |
||||||||||||||||
iHeartMedia, Inc., Class A(m) |
166,688 | 601,744 | ||||||||||||||
|
||||||||||||||||
iHeartMedia, Inc., Class B(e)(m) |
42 | 168 | ||||||||||||||
|
||||||||||||||||
601,912 | ||||||||||||||||
|
||||||||||||||||
Retailers (except Food & Drug)–0.05% |
||||||||||||||||
Claire’s Stores, Inc. (Acquired 10/12/2018; Cost $626,636)(i) |
|
390 | 138,125 | |||||||||||||
|
||||||||||||||||
Toys ’R’ Us-Delaware, Inc.(e) |
15 | 36,298 | ||||||||||||||
|
||||||||||||||||
Vivarte S.A.S.(e) |
233,415 | 112,479 | ||||||||||||||
|
||||||||||||||||
286,902 | ||||||||||||||||
|
||||||||||||||||
Surface Transport–0.16% |
||||||||||||||||
Commercial Barge Line Co. (Acquired 02/15/2018-02/06/2020; Cost $670,459)(e)(i) |
|
8,057 | 362,565 | |||||||||||||
|
||||||||||||||||
Commercial Barge Line Co.(e) |
6,633 | 165,825 | ||||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Series A, Wts., expiring 08/18/2030 (Acquired 02/03/2023-08/18/2023; Cost $0)(e)(i) |
|
87,912 | 41,209 | |||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Series B, Wts., expiring 04/30/2045 (Acquired 02/05/2020-05/17/2023; Cost $0)(e)(i) |
|
83,127 | 51,954 | |||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Wts., expiring 04/27/2045 (Acquired 02/15/2018-02/06/2020; Cost $704,842)(i) |
|
8,470 | 381,150 | |||||||||||||
|
||||||||||||||||
1,002,703 | ||||||||||||||||
|
||||||||||||||||
Telecommunications–0.04% |
||||||||||||||||
Avaya Holdings Corp. (Acquired 05/01/2023; Cost $362,310)(i) |
|
24,154 | 207,326 | |||||||||||||
|
||||||||||||||||
Avaya, Inc. (Acquired 05/01/2023; Cost $65,715)(i) |
4,381 | 37,604 | ||||||||||||||
|
||||||||||||||||
244,930 | ||||||||||||||||
|
||||||||||||||||
Utilities–0.07% |
||||||||||||||||
Vistra Operations Co. LLC, Rts., expiring 12/31/2046 |
383,614 | 425,811 | ||||||||||||||
|
||||||||||||||||
Total Common Stocks & Other Equity Interests (Cost $67,745,095) |
|
66,935,152 | ||||||||||||||
|
||||||||||||||||
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
||||||||||||||
U.S. Dollar Denominated Bonds & Notes–3.81% |
||||||||||||||||
Aerospace & Defense–0.31% |
||||||||||||||||
Rand Parent LLC (n) |
8.50% | 02/15/2030 | $ | 2,074 | 1,977,334 | |||||||||||
|
||||||||||||||||
Air Transport–0.02% |
||||||||||||||||
Mesa Airlines, Inc., Class B (Acquired 11/25/2015; Cost $124,796)(e)(i) |
5.75% | 07/15/2025 | 125 | 122,463 | ||||||||||||
|
||||||||||||||||
Automotive–0.11% |
||||||||||||||||
Clarios Global L.P./Clarios US Finance Co.(n) |
6.75% | 05/15/2028 | 665 | 663,873 | ||||||||||||
|
||||||||||||||||
Building & Development–0.44% |
||||||||||||||||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC (Acquired 10/13/2020-11/19/2020; Cost $1,204,836)(i)(n) |
5.75% | 05/15/2026 | 1,287 | 1,182,322 | ||||||||||||
|
||||||||||||||||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC (Acquired 09/22/2021-12/17/2021; Cost $1,912,057)(i)(n) |
4.50% | 04/01/2027 | 1,918 | 1,603,611 | ||||||||||||
|
||||||||||||||||
2,785,933 | ||||||||||||||||
|
17 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||||
|
||||||||||||||||
Cable & Satellite Television–0.52% |
||||||||||||||||
Altice Financing S.A. (Luxembourg)(n) |
5.75% | 08/15/2029 | $ | 29 | $ | 22,999 | ||||||||||
|
||||||||||||||||
Altice Financing S.A. (Luxembourg)(n) |
5.00% | 01/15/2028 | 1,763 | 1,435,099 | ||||||||||||
|
||||||||||||||||
Altice France S.A. (France)(n) |
5.50% | 01/15/2028 | 594 | 445,676 | ||||||||||||
|
||||||||||||||||
Altice France S.A. (France)(n) |
5.50% | 10/15/2029 | 679 | 491,067 | ||||||||||||
|
||||||||||||||||
Virgin Media Secured Finance PLC (United Kingdom)(n) |
4.50% | 08/15/2030 | 1,020 | 862,170 | ||||||||||||
|
||||||||||||||||
3,257,011 | ||||||||||||||||
|
||||||||||||||||
Chemicals & Plastics–0.71% |
||||||||||||||||
SK Invictus Intermediate II S.a.r.l.(n) |
5.00% | 10/30/2029 | 3,827 | 3,147,593 | ||||||||||||
|
||||||||||||||||
Windsor Holdings III LLC (Acquired 06/22/2023-07/13/2023; Cost $1,342,054)(i)(n) |
8.50% | 06/15/2030 | 1,347 | 1,354,559 | ||||||||||||
|
||||||||||||||||
4,502,152 | ||||||||||||||||
|
||||||||||||||||
Cosmetics & Toiletries–0.11% |
||||||||||||||||
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC(n) |
6.63% | 07/15/2030 | 677 | 677,812 | ||||||||||||
|
||||||||||||||||
Food Products–0.20% |
||||||||||||||||
Sigma Holdco B.V. (Netherlands)(n) |
7.88% | 05/15/2026 | 72 | 61,312 | ||||||||||||
|
||||||||||||||||
Teasdale Foods, Inc.(d)(e) |
16.25% | 06/18/2026 | 2,160 | 1,177,492 | ||||||||||||
|
||||||||||||||||
1,238,804 | ||||||||||||||||
|
||||||||||||||||
Food Service–0.10% |
||||||||||||||||
eG Global Finance PLC (United Kingdom)(n) |
6.75% | 02/07/2025 | 620 | 611,574 | ||||||||||||
|
||||||||||||||||
Health Care–0.05% |
||||||||||||||||
Global Medical Response, Inc. (Acquired 09/24/2020; Cost $495,000)(i)(n) |
6.50% | 10/01/2025 | 495 | 342,569 | ||||||||||||
|
||||||||||||||||
Industrial Equipment–0.16% |
||||||||||||||||
Arsenal AIC Parent LLC(n) |
8.00% | 10/01/2030 | 180 | 184,048 | ||||||||||||
|
||||||||||||||||
Chart Industries, Inc.(n) |
7.50% | 01/01/2030 | 182 | 186,713 | ||||||||||||
|
||||||||||||||||
Emerald Debt Merger Sub LLC(n) |
6.63% | 12/15/2030 | 673 | 663,356 | ||||||||||||
|
||||||||||||||||
1,034,117 | ||||||||||||||||
|
||||||||||||||||
Lodging & Casinos–0.17% |
||||||||||||||||
Caesars Entertainment, Inc.(n) |
7.00% | 02/15/2030 | 432 | 434,076 | ||||||||||||
|
||||||||||||||||
Ontario Gaming GTA L.P. (Canada)(n) |
8.00% | 08/01/2030 | 627 | 634,380 | ||||||||||||
|
||||||||||||||||
1,068,456 | ||||||||||||||||
|
||||||||||||||||
Publishing–0.24% |
||||||||||||||||
McGraw-Hill Education, Inc.(n) |
5.75% | 08/01/2028 | 1,703 | 1,512,945 | ||||||||||||
|
||||||||||||||||
Radio & Television–0.08% |
||||||||||||||||
Diamond Sports Group LLC/Diamond Sports Finance Co.(j)(k)(n) |
0.00% | 08/15/2026 | 1,339 | 33,220 | ||||||||||||
|
||||||||||||||||
iHeartCommunications, Inc.(n) |
4.75% | 01/15/2028 | 322 | 248,489 | ||||||||||||
|
||||||||||||||||
Univision Communications, Inc.(n) |
7.38% | 06/30/2030 | 257 | 248,966 | ||||||||||||
|
||||||||||||||||
530,675 | ||||||||||||||||
|
||||||||||||||||
Retailers (except Food & Drug)–0.27% |
||||||||||||||||
Evergreen Acqco 1 L.P./TVI, Inc.(n) |
9.75% | 04/26/2028 | 1,646 | 1,717,947 | ||||||||||||
|
||||||||||||||||
Telecommunications–0.32% |
||||||||||||||||
Windstream Escrow LLC/Windstream Escrow Finance Corp.(n) |
7.75% | 08/15/2028 | 2,490 | 2,020,940 | ||||||||||||
|
||||||||||||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $27,788,536) |
24,064,605 | |||||||||||||||
|
||||||||||||||||
Non-U.S. Dollar Denominated Bonds & Notes–3.65%(o) |
||||||||||||||||
Automotive–0.27% |
||||||||||||||||
Cabonline Group Holding AB (Sweden)(e)(n) |
14.00% | 10/31/2023 | SEK | 1,277 | 109,659 | |||||||||||
|
||||||||||||||||
Cabonline Group Holding AB (Sweden) (3 mo. STIBOR + 9.50%)(k)(n)(p) |
0.00% | 04/19/2026 | SEK | 18,750 | 1,241,608 | |||||||||||
|
||||||||||||||||
Conceria Pasubio S.p.A. (Italy) (3 mo. EURIBOR + 4.50%)(n)(p) |
8.10% | 09/30/2028 | EUR | 362 | 374,586 | |||||||||||
|
||||||||||||||||
1,725,853 | ||||||||||||||||
|
||||||||||||||||
Building & Development–0.21% |
||||||||||||||||
APCOA Parking Holdings GmbH (Germany)(n) |
4.63% | 01/15/2027 | EUR | 291 | 281,036 | |||||||||||
|
18 | Invesco Senior Income Trust |
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
Value | |||||||||||||
|
||||||||||||||||
Building & Development–(continued) |
||||||||||||||||
APCOA Parking Holdings GmbH (Germany) (3 mo. EURIBOR + 5.00%)(n)(p) |
8.66% | 01/15/2027 | EUR | 450 | $ | 485,111 | ||||||||||
|
||||||||||||||||
Haya Holdco 2 PLC (United Kingdom) (3 mo. EURIBOR + 9.00%)(n)(p) |
12.77% | 11/30/2025 | EUR | 454 | 182,287 | |||||||||||
|
||||||||||||||||
Ideal Standard International S.A. (Belgium)(n) |
6.38% | 07/30/2026 | EUR | 529 | 357,080 | |||||||||||
|
||||||||||||||||
1,305,514 | ||||||||||||||||
|
||||||||||||||||
Cable & Satellite Television–0.28% |
||||||||||||||||
Altice Financing S.A. (Luxembourg)(n) |
3.00% | 01/15/2028 | EUR | 423 | 360,333 | |||||||||||
|
||||||||||||||||
Altice Finco S.A. (Luxembourg)(n) |
4.75% | 01/15/2028 | EUR | 1,292 | 921,853 | |||||||||||
|
||||||||||||||||
Altice France Holding S.A. (Luxembourg)(n) |
8.00% | 05/15/2027 | EUR | 962 | 507,517 | |||||||||||
|
||||||||||||||||
1,789,703 | ||||||||||||||||
|
||||||||||||||||
Chemicals & Plastics–0.01% |
||||||||||||||||
Herens Midco S.a.r.l. (Luxembourg)(n) |
5.25% | 05/15/2029 | EUR | 122 | 73,003 | |||||||||||
|
||||||||||||||||
Electronics & Electrical–0.42% |
||||||||||||||||
Castor S.p.A. (Italy)(n) |
6.00% | 02/15/2029 | EUR | 1,258 | 1,290,165 | |||||||||||
|
||||||||||||||||
Versuni Group B.V. (Netherlands)(n) |
3.13% | 06/15/2028 | EUR | 1,564 | 1,367,271 | |||||||||||
|
||||||||||||||||
2,657,436 | ||||||||||||||||
|
||||||||||||||||
Financial Intermediaries–1.58% |
||||||||||||||||
AnaCap Financial Europe S.A. SICAV-RAIF (Italy) (3 mo. EURIBOR + 5.00%) (Acquired 01/31/2018-11/09/2021; Cost $3,027,110)(i)(n)(p) |
8.73% | 08/01/2024 | EUR | 2,617 | 1,416,858 | |||||||||||
|
||||||||||||||||
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 6.25%)(n)(p) |
9.98% | 05/01/2026 | EUR | 1,168 | 1,024,831 | |||||||||||
|
||||||||||||||||
Garfunkelux Holdco 3 S.A. (Luxembourg)(n) |
6.75% | 11/01/2025 | EUR | 1,523 | 1,327,320 | |||||||||||
|
||||||||||||||||
Kane Bidco Ltd. (United Kingdom)(n) |
5.00% | 02/15/2027 | EUR | 267 | 275,182 | |||||||||||
Kane Bidco Ltd. (United Kingdom)(n) |
6.50% | 02/15/2027 | GBP | 334 | 389,996 | |||||||||||
|
||||||||||||||||
Sherwood Financing PLC (United Kingdom)(n) |
4.50% | 11/15/2026 | EUR | 371 | 350,780 | |||||||||||
|
||||||||||||||||
Sherwood Financing PLC (United Kingdom)(n) |
6.00% | 11/15/2026 | GBP | 375 | 394,047 | |||||||||||
|
||||||||||||||||
Sherwood Financing PLC (United Kingdom) (3 mo. EURIBOR + 4.63%)(n)(p) |
8.41% | 11/15/2027 | EUR | 1,652 | 1,735,833 | |||||||||||
|
||||||||||||||||
Very Group Funding PLC (The) (United Kingdom)(n) |
6.50% | 08/01/2026 | GBP | 1,844 | 1,862,942 | |||||||||||
|
||||||||||||||||
Zenith Finco PLC (United Kingdom)(n) |
6.50% | 06/30/2027 | GBP | 1,203 | 1,179,493 | |||||||||||
|
||||||||||||||||
9,957,282 | ||||||||||||||||
|
||||||||||||||||
Industrial Equipment–0.28% |
||||||||||||||||
Multiversity S.r.l. (Italy) (3 mo. EURIBOR + 4.25%)(n)(p) |
7.98% | 10/30/2028 | EUR | 1,286 | 1,393,778 | |||||||||||
|
||||||||||||||||
Summer (BC) Holdco A S.a.r.l. (Luxembourg)(n) |
9.25% | 10/31/2027 | EUR | 451 | 395,091 | |||||||||||
|
||||||||||||||||
1,788,869 | ||||||||||||||||
|
||||||||||||||||
Leisure Goods, Activities & Movies–0.13% |
||||||||||||||||
Deuce Finco PLC (United Kingdom) (3 mo. EURIBOR + 4.75%)(n)(p) |
8.28% | 06/15/2027 | EUR | 372 | 399,597 | |||||||||||
|
||||||||||||||||
Deuce Finco PLC (United Kingdom)(n) |
5.50% | 06/15/2027 | GBP | 372 | 406,880 | |||||||||||
|
||||||||||||||||
806,477 | ||||||||||||||||
|
||||||||||||||||
Retailers (except Food & Drug)–0.47% |
||||||||||||||||
Douglas GmbH (Germany)(n) |
6.00% | 04/08/2026 | EUR | 1,377 | 1,433,985 | |||||||||||
|
||||||||||||||||
Kirk Beauty SUN GmbH 9.00% PIK Rate, 8.25% Cash Rate (Germany)(h)(n) |
9.00% | 10/01/2026 | EUR | 1,513 | 1,520,982 | |||||||||||
|
||||||||||||||||
2,954,967 | ||||||||||||||||
|
||||||||||||||||
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $29,935,699) |
|
23,059,104 | ||||||||||||||
|
||||||||||||||||
Shares | ||||||||||||||||
Preferred Stocks–0.88%(l) |
||||||||||||||||
Financial Intermediaries–0.02% |
||||||||||||||||
RJO Holdings Corp., Series A-2, Pfd.(e) |
324 | 118,424 | ||||||||||||||
|
||||||||||||||||
Oil & Gas–0.09% |
||||||||||||||||
McDermott International Ltd., Pfd.(e) |
915 | 594,547 | ||||||||||||||
|
||||||||||||||||
Southcross Energy Partners L.P., Series A, Pfd. (Acquired 05/07/2019-08/23/2019; Cost $258,485)(e)(i) |
258,709 | 2,302 | ||||||||||||||
|
||||||||||||||||
596,849 | ||||||||||||||||
|
19 | Invesco Senior Income Trust |
Shares | Value | |||||||||||||||
|
||||||||||||||||
Surface Transport–0.77% |
||||||||||||||||
Commercial Barge Line Co., Series A, Pfd. (Acquired 02/15/2018-02/06/2020; Cost $1,321,193)(i) |
23,669 | $ | 556,222 | |||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Series A, Pfd., Wts., expiring 04/27/2045 (Acquired 02/15/2018-02/06/2020; Cost $1,388,830)(i) |
24,882 | 584,727 | ||||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Series B, Pfd. (Acquired 02/05/2020-10/27/2020; Cost $918,945)(i) |
39,456 | 2,170,080 | ||||||||||||||
|
||||||||||||||||
Commercial Barge Line Co., Series B, Pfd., Wts., expiring 04/27/2045 (Acquired 02/05/2020-10/27/2020; Cost $645,351)(i) |
27,709 | 1,523,995 | ||||||||||||||
|
||||||||||||||||
4,835,024 | ||||||||||||||||
|
||||||||||||||||
Total Preferred Stocks (Cost $4,532,804) |
5,550,297 | |||||||||||||||
|
||||||||||||||||
Interest Rate |
Maturity Date |
Principal Amount (000)(a) |
||||||||||||||
Municipal Obligations–0.62% |
||||||||||||||||
Arizona–0.62% |
||||||||||||||||
Arizona (State of) Industrial Development Authority (NewLife Forest Restoration LLC) (Green Bonds), Series 2022 A, RB (Acquired 02/22/2022-07/01/2023; Cost $4,321,058) (Cost $971,527)(i)(n) |
0.00% | 01/01/2028 | $ | 4,646 | 3,937,363 | |||||||||||
|
||||||||||||||||
TOTAL INVESTMENTS IN SECURITIES(q)–153.12% (Cost $1,011,895,752) |
966,353,222 | |||||||||||||||
|
||||||||||||||||
BORROWINGS–(33.59)% |
(212,000,000 | ) | ||||||||||||||
|
||||||||||||||||
VARIABLE RATE TERM PREFERRED SHARES–(15.80)% |
(99,709,388 | ) | ||||||||||||||
|
||||||||||||||||
OTHER ASSETS LESS LIABILITIES–(3.73)% |
(23,553,010 | ) | ||||||||||||||
|
||||||||||||||||
NET ASSETS APPLICABLE TO COMMON SHARES–100.00% |
$ | 631,090,824 | ||||||||||||||
|
Conv. | – Convertible | |
EUR | – Euro | |
EURIBOR | – Euro Interbank Offered Rate | |
GBP | – British Pound Sterling | |
LIBOR | – London Interbank Offered Rate | |
LOC | – Letter of Credit | |
Pfd. | – Preferred | |
PIK | – Pay-in-Kind | |
RB | – Revenue Bonds | |
Rts. | – Rights | |
SEK | – Swedish Krona | |
SOFR | – Secured Overnight Financing Rate | |
SONIA | – Sterling Overnight Index Average | |
STIBOR | – Stockholm Interbank Offered Rate | |
USD | – U.S. Dollar | |
Wts. | – Warrants |
20 | Invesco Senior Income Trust |
(a) | Principal amounts are denominated in U.S. dollars unless otherwise noted. |
(b) | Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. |
(c) | Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the “1933 Act”) and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Trust’s portfolio generally have variable rates which adjust to a base, such as the Secured Overnight Financing Rate (“SOFR”), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. |
(d) | Acquired through direct lending. Direct loans may be subject to liquidity and interest rate risk and certain direct loans may be deemed illiquid. |
(e) | Security valued using significant unobservable inputs (Level 3). See Note 3. |
(f) | All or a portion of this holding is subject to unfunded loan commitments. Interest rate will be determined at the time of funding. See Note 7. |
(g) | This variable rate interest will settle after August 31, 2023, at which time the interest rate will be determined. |
(h) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
(i) | Restricted security. The aggregate value of these securities at August 31, 2023 was $61,048,570, which represented 9.67% of the Trust’s Net Assets. |
(j) | The borrower has filed for protection in federal bankruptcy court. |
(k) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at August 31, 2023 was $1,334,296, which represented less than 1% of the Trust’s Net Assets. |
(l) | Securities acquired through the restructuring of senior loans. |
(m) | Non-income producing security. |
(n) | 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 August 31, 2023 was $49,761,117, which represented 7.88% of the Trust’s Net Assets. |
(o) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(p) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on August 31, 2023. |
(q) | Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage. |
Value February 28, 2023 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain |
Value August 31, 2023 |
Dividend Income | |||||||||||||||||||||||||||||
Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class |
$ | 2,807,159 | $ | 2,404,184 | $ | (5,211,343 | ) | $ | - | $ | - | $ | - | $ | 850 | ||||||||||||||||||||
Invesco Liquid Assets Portfolio, Institutional Class |
2,005,036 | 1,717,274 | (3,722,583 | ) | 49 | 224 | - | 621 | |||||||||||||||||||||||||||
Invesco Treasury Portfolio, Institutional Class |
3,208,182 | 2,747,638 | (5,955,820 | ) | - | - | - | 966 | |||||||||||||||||||||||||||
Investments in Other Affiliates: | |||||||||||||||||||||||||||||||||||
USF S&H Holdco LLC* |
10,904,070 | 7,100,293 | (7,100,293 | ) | 124,818 | - | 11,028,888 | - | |||||||||||||||||||||||||||
Total |
$ | 18,924,447 | $ | 13,969,389 | $ | (21,990,039 | ) | $ | 124,867 | $ | 224 | $ | 11,028,888 | $ | 2,437 |
* | At August 31, 2023, this security was was no longer an affiliate of the Fund. |
Open Forward Foreign Currency Contracts | ||||||||||||||||||||
|
||||||||||||||||||||
Contract to | Unrealized Appreciation (Depreciation) |
|||||||||||||||||||
Settlement Date |
Counterparty | Deliver | Receive | |||||||||||||||||
|
||||||||||||||||||||
Currency Risk |
||||||||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Barclays Bank PLC | EUR | 21,090,286 | USD | 22,988,391 | $ | 57,625 | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
BNP Paribas S.A. | EUR | 20,860,980 | USD | 23,191,493 | 544,818 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
BNP Paribas S.A. | GBP | 3,511,797 | USD | 4,504,103 | 54,858 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
BNP Paribas S.A. | SEK | 4,000,000 | USD | 374,355 | 8,576 | ||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
BNP Paribas S.A. | GBP | 3,562,866 | USD | 4,525,190 | 11,031 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Citibank N.A. | GBP | 188,909 | USD | 242,773 | 3,436 | ||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Citibank N.A. | EUR | 20,775,505 | USD | 22,655,709 | 67,194 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Morgan Stanley and Co. International PLC | EUR | 21,047,549 | USD | 23,403,927 | 554,712 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Morgan Stanley and Co. International PLC | GBP | 3,459,382 | USD | 4,436,768 | 53,929 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Morgan Stanley and Co. International PLC | SEK | 16,130,460 | USD | 1,557,239 | 82,194 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Morgan Stanley and Co. International PLC | USD | 41,208 | SEK | 451,119 | 45 | ||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Morgan Stanley and Co. International PLC | GBP | 3,562,866 | USD | 4,530,399 | 16,239 | ||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Morgan Stanley and Co. International PLC | USD | 542,180 | EUR | 500,000 | 1,454 | ||||||||||||||
|
21 | Invesco Senior Income Trust |
Open Forward Foreign Currency Contracts–(continued) | ||||||||||||||||||||
|
||||||||||||||||||||
Contract to | Unrealized Appreciation (Depreciation) |
|||||||||||||||||||
Settlement Date |
Counterparty | Deliver | Receive | |||||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Royal Bank of Canada | GBP | 3,511,797 | USD | 4,509,671 | $ | 60,425 | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Royal Bank of Canada | USD | 1,358,795 | SEK | 14,864,904 | 521 | ||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Royal Bank of Canada | EUR | 21,090,286 | USD | 22,982,085 | 51,319 | ||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Royal Bank of Canada | GBP | 3,509,689 | USD | 4,464,843 | 18,059 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
State Street Bank & Trust Co. | EUR | 21,047,549 | USD | 23,338,890 | 489,675 | ||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
State Street Bank & Trust Co. | EUR | 364,865 | USD | 397,166 | 460 | ||||||||||||||
|
||||||||||||||||||||
10/31/2023 |
State Street Bank & Trust Co. | GBP | 26,721 | USD | 33,954 | 97 | ||||||||||||||
|
||||||||||||||||||||
09/29/2023 |
UBS AG | GBP | 144,156 | USD | 183,995 | 1,358 | ||||||||||||||
|
||||||||||||||||||||
Subtotal-Appreciation |
2,078,025 | |||||||||||||||||||
|
||||||||||||||||||||
Currency Risk |
||||||||||||||||||||
09/29/2023 |
Barclays Bank PLC | USD | 22,952,326 | EUR | 21,090,286 | (56,716 | ) | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
BNP Paribas S.A. | USD | 4,782,050 | GBP | 3,762,762 | (14,847 | ) | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Citibank N.A. | USD | 22,620,370 | EUR | 20,775,505 | (66,486 | ) | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Morgan Stanley and Co. International PLC | USD | 4,778,928 | GBP | 3,758,038 | (17,710 | ) | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Morgan Stanley and Co. International PLC | USD | 193,604 | SEK | 2,015,034 | (9,340 | ) | |||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Morgan Stanley and Co. International PLC | USD | 1,089,325 | EUR | 1,000,000 | (2,058 | ) | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Royal Bank of Canada | GBP | 217,067 | USD | 274,153 | (858 | ) | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Royal Bank of Canada | USD | 22,946,231 | EUR | 21,090,286 | (50,621 | ) | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Royal Bank of Canada | USD | 4,468,064 | GBP | 3,512,309 | (18,170 | ) | |||||||||||||
|
||||||||||||||||||||
09/29/2023 |
Royal Bank of Canada | USD | 262,315 | SEK | 2,799,403 | (6,325 | ) | |||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Royal Bank of Canada | SEK | 14,894,430 | USD | 1,363,402 | (557 | ) | |||||||||||||
|
||||||||||||||||||||
10/31/2023 |
Royal Bank of Canada | USD | 1,089,126 | EUR | 1,000,000 | (1,859 | ) | |||||||||||||
|
||||||||||||||||||||
Subtotal-Depreciation |
(245,547 | ) | ||||||||||||||||||
|
||||||||||||||||||||
Total Forward Foreign Currency Contracts |
|
$ | 1,832,478 | |||||||||||||||||
|
EUR | – Euro | |
GBP | – British Pound Sterling | |
SEK | – Swedish Krona | |
USD | – U.S. Dollar |
BBB- |
1.28 | % | ||
BB+ |
0.44 | |||
BB |
5.64 | |||
BB- |
3.12 | |||
B+ |
8.16 | |||
B |
13.13 | |||
B- |
12.26 | |||
CCC+ |
4.13 | |||
CCC |
3.67 | |||
CCC- |
0.25 | |||
CC |
0.11 | |||
D |
0.48 | |||
Non-Rated |
39.82 | |||
Equity |
7.51 |
22 | Invesco Senior Income Trust |
23 | Invesco Senior Income Trust |
Assets: |
||||
Investments in unaffiliated securities, at value (Cost $1,011,895,752) |
$ | 966,353,222 | ||
|
||||
Other investments: |
||||
Unrealized appreciation on forward foreign currency contracts outstanding |
2,078,025 | |||
|
||||
Cash |
5,978,097 | |||
|
||||
Foreign currencies, at value (Cost $1,694,166) |
1,694,659 | |||
|
||||
Receivable for: |
||||
Investments sold |
12,858,740 | |||
|
||||
Interest |
13,155,090 | |||
|
||||
Investments matured, at value (Cost $17,529,048) |
2,230,302 | |||
|
||||
Investment for trustee deferred compensation and retirement plans |
23,591 | |||
|
||||
Other assets |
248,457 | |||
|
||||
Total assets |
1,004,620,183 | |||
|
||||
Liabilities: |
||||
Variable rate demand preferred shares, at liquidation preference ($0.01 par value, 1,000 shares issued with liquidation preference of $100,000 per share) |
99,709,388 | |||
|
||||
Other investments: |
||||
Unrealized depreciation on forward foreign currency contracts outstanding |
245,547 | |||
|
||||
Payable for: |
||||
Borrowings |
212,000,000 | |||
|
||||
Investments purchased |
24,350,680 | |||
|
||||
Dividends |
121,660 | |||
|
||||
Accrued fees to affiliates |
230,191 | |||
|
||||
Accrued interest expense |
1,381,879 | |||
|
||||
Accrued other operating expenses |
290,613 | |||
|
||||
Trustee deferred compensation and retirement plans |
23,591 | |||
|
||||
Unfunded loan commitments |
35,175,810 | |||
|
||||
Total liabilities |
373,529,359 | |||
|
||||
Net assets applicable to common shares |
$ | 631,090,824 | ||
|
Net assets applicable to common shares consist of: |
||||
Shares of beneficial interest – common shares |
$ | 879,308,955 | ||
|
||||
Distributable earnings (loss) |
(248,218,131 | ) | ||
|
||||
$ | 631,090,824 | |||
|
||||
Common shares outstanding, no par value, with an unlimited number of common shares authorized: |
||||
Common shares outstanding |
153,030,736 | |||
|
||||
Net asset value per common share |
$ | 4.12 | ||
|
||||
Market value per common share |
$ | 3.90 | ||
|
24 | Invesco Senior Income Trust |
Investment income: |
||||
Interest |
$ | 49,105,974 | ||
|
||||
Dividends |
3,380,508 | |||
|
||||
Dividends from affiliates |
2,437 | |||
|
||||
Other income |
1,040 | |||
|
||||
Total investment income |
52,489,959 | |||
|
||||
Expenses: |
||||
Advisory fees |
3,930,979 | |||
|
||||
Administrative services fees |
924,741 | |||
|
||||
Custodian fees |
65,839 | |||
|
||||
Interest, facilities and maintenance fees |
10,093,734 | |||
|
||||
Transfer agent fees |
11,085 | |||
|
||||
Trustees’ and officers’ fees and benefits |
9,138 | |||
|
||||
Registration and filing fees |
67,212 | |||
|
||||
Reports to shareholders |
38,626 | |||
|
||||
Professional services fees |
257,063 | |||
|
||||
Other |
29,204 | |||
|
||||
Total expenses |
15,427,621 | |||
|
||||
Less: Fees waived |
(427 | ) | ||
|
||||
Net expenses |
15,427,194 | |||
|
||||
Net investment income |
37,062,765 | |||
|
||||
Realized and unrealized gain (loss) from: |
||||
Net realized gain (loss) from: |
||||
Unaffiliated investment securities |
(22,035,670 | ) | ||
|
||||
Affiliated investment securities |
224 | |||
|
||||
Foreign currencies |
3,876 | |||
|
||||
Forward foreign currency contracts |
(738,487 | ) | ||
|
||||
(22,770,057 | ) | |||
|
||||
Change in net unrealized appreciation (depreciation) of: |
||||
Unaffiliated investment securities |
22,986,831 | |||
|
||||
Affiliated investment securities |
124,867 | |||
|
||||
Foreign currencies |
(19,133 | ) | ||
|
||||
Forward foreign currency contracts |
(812,139 | ) | ||
|
||||
22,280,426 | ||||
|
||||
Net realized and unrealized gain (loss) |
(489,631 | ) | ||
|
||||
Net increase in net assets resulting from operations applicable to common shares |
$ | 36,573,134 | ||
|
25 | Invesco Senior Income Trust |
August 31, | February 28, | |||||||
2023 | 2023 | |||||||
|
||||||||
Operations: |
||||||||
Net investment income |
$ | 37,062,765 | $ | 59,249,486 | ||||
|
||||||||
Net realized gain (loss) |
(22,770,057 | ) | (11,348,074 | ) | ||||
|
||||||||
Change in net unrealized appreciation (depreciation) |
22,280,426 | (47,245,730 | ) | |||||
|
||||||||
Net increase in net assets resulting from operations applicable to common shares |
36,573,134 | 655,682 | ||||||
|
||||||||
Distributions to common shareholders from distributable earnings |
(35,809,192 | ) | (68,779,582 | ) | ||||
|
||||||||
Return of capital applicable to common shares |
– | (2,823,500 | ) | |||||
|
||||||||
Total distributions |
(35,809,192 | ) | (71,603,082 | ) | ||||
|
||||||||
Net increase (decrease) in net assets applicable to common shares |
763,942 | (70,947,400 | ) | |||||
|
||||||||
Net assets applicable to common shares: |
||||||||
Beginning of period |
630,326,882 | 701,274,282 | ||||||
|
||||||||
End of period |
$ | 631,090,824 | $ | 630,326,882 | ||||
|
26 | Invesco Senior Income Trust |
Cash provided by operating activities: |
||||
Net increase in net assets resulting from operations applicable to common shares |
$ | 36,573,134 | ||
|
||||
Adjustments to reconcile the change in net assets applicable to common shares from operations to net cash provided by operating activities: |
||||
Purchases of investments |
(170,647,590 | ) | ||
|
||||
Proceeds from sales of investments |
161,476,823 | |||
|
||||
Proceeds from sales of short-term investments, net |
(5,814,463 | ) | ||
|
||||
Accretion of discount on investment securities |
(815,194 | ) | ||
|
||||
Net realized loss from investment securities |
22,035,670 | |||
|
||||
Net change in unrealized appreciation on investment securities |
(23,111,649 | ) | ||
|
||||
Net change in unrealized depreciation of forward foreign currency contracts |
812,139 | |||
|
||||
Change in operating assets and liabilities: |
||||
|
||||
Increase in receivables and other assets |
(57,122 | ) | ||
|
||||
Decrease in accrued expenses and other payables |
(542,771 | ) | ||
|
||||
Net cash provided by operating activities |
19,908,977 | |||
|
||||
Cash provided by (used in) financing activities: |
||||
Dividends paid to common shareholders from distributable earnings |
(36,169,937 | ) | ||
|
||||
Proceeds from borrowings |
112,000,000 | |||
|
||||
Repayment of borrowings |
(101,000,000 | ) | ||
|
||||
Net cash provided by (used in) financing activities |
(25,169,937 | ) | ||
|
||||
Net decrease in cash and cash equivalents |
(5,260,960 | ) | ||
|
||||
Cash and cash equivalents at beginning of period |
12,933,716 | |||
|
||||
Cash and cash equivalents at end of period |
$ | 7,672,756 | ||
|
||||
Supplemental disclosure of cash flow information: |
||||
Cash paid during the period for taxes |
$ | 4,371 | ||
|
||||
Cash paid during the period for interest, facilities and maintenance fees |
$ | 10,380,523 | ||
|
27 | Invesco Senior Income Trust |
Six Months Ended | Years Ended | Year Ended | Year Ended | |||||||||||||||||||||
August 31, | February 28, | February 29, | February 28, | |||||||||||||||||||||
2023 | 2023 | 2022 | 2021 | 2020 | 2019 | |||||||||||||||||||
|
||||||||||||||||||||||||
Net asset value per common share, beginning of period |
$ 4.12 | $ 4.58 | $ 4.57 | $ 4.61 | $ 4.79 | $ 4.91 | ||||||||||||||||||
|
||||||||||||||||||||||||
Net investment income(a) |
0.24 | 0.39 | 0.26 | 0.21 | 0.26 | 0.23 | ||||||||||||||||||
|
||||||||||||||||||||||||
Net gains (losses) on securities (both realized and unrealized) |
(0.01 | ) | (0.38 | ) | 0.06 | 0.01 | (0.17 | ) | (0.09 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Total from investment operations |
0.23 | 0.01 | 0.32 | 0.22 | 0.09 | 0.14 | ||||||||||||||||||
|
||||||||||||||||||||||||
Less: |
||||||||||||||||||||||||
Dividends paid to common shareholders from net investment income |
(0.23 | ) | (0.45 | ) | (0.31 | ) | (0.22 | ) | (0.27 | ) | (0.26 | ) | ||||||||||||
|
||||||||||||||||||||||||
Return of capital |
- | (0.02 | ) | - | (0.04 | ) | - | - | ||||||||||||||||
|
||||||||||||||||||||||||
Total distributions |
(0.23 | ) | (0.47 | ) | (0.31 | ) | (0.26 | ) | (0.27 | ) | (0.26 | ) | ||||||||||||
|
||||||||||||||||||||||||
Net asset value per common share, end of period |
$ 4.12 | $ 4.12 | $ 4.58 | $ 4.57 | $ 4.61 | $ 4.79 | ||||||||||||||||||
|
||||||||||||||||||||||||
Market value per common share, end of period |
$ 3.90 | $ 3.95 | $ 4.36 | $ 4.17 | $ 4.03 | $ 4.24 | ||||||||||||||||||
|
||||||||||||||||||||||||
Total return at net asset value(b) |
5.91 | % | 1.44 | % | 7.62 | % | 6.49 | % | 2.65 | % | 3.83 | % | ||||||||||||
|
||||||||||||||||||||||||
Total return at market value(c) |
4.96 | % | 2.20 | % | 12.30 | % | 11.16 | % | 1.38 | % | 2.57 | % | ||||||||||||
|
||||||||||||||||||||||||
Net assets applicable to common shares, end of period (000’s omitted) |
$631,091 | $630,327 | $701,274 | $699,797 | $706,131 | $862,231 | ||||||||||||||||||
|
||||||||||||||||||||||||
Portfolio turnover rate(d) |
15 | % | 38 | % | 86 | % | 71 | % | 63 | % | 45 | % | ||||||||||||
|
||||||||||||||||||||||||
Ratios/supplemental data based on average net assets applicable to common shares outstanding: |
||||||||||||||||||||||||
Ratio of expenses: |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
With fee waivers and/or expense reimbursements |
4.92 | %(e) | 3.57 | % | 2.13 | % | 2.39 | % | 3.17 | % | 3.08 | % | ||||||||||||
|
||||||||||||||||||||||||
With fee waivers and/or expense reimbursements excluding interest, facilities and maintenance fees |
1.71 | %(e) | 1.67 | % | 1.53 | % | 1.65 | % | 1.66 | % | 1.62 | % | ||||||||||||
|
||||||||||||||||||||||||
Without fee waivers and/or expense reimbursements |
4.92 | %(e) | 3.57 | % | 2.13 | % | 2.39 | % | 3.17 | % | 3.08 | % | ||||||||||||
|
||||||||||||||||||||||||
Ratio of net investment income to average net assets |
11.65 | % | 9.05 | % | 5.55 | % | 5.07 | % | 5.54 | % | 4.84 | % | ||||||||||||
|
||||||||||||||||||||||||
Senior securities: |
||||||||||||||||||||||||
Total amount of preferred shares outstanding (000’s omitted) |
$100,000 | $100,000 | $100,000 | $100,000 | $125,000 | $125,000 | ||||||||||||||||||
|
||||||||||||||||||||||||
Asset coverage per $1,000 unit of senior indebtedness(f) |
$ 4,449 | $ 4,633 | $ 4,890 | $ 5,506 | $ 4,323 | $ 4,611 | ||||||||||||||||||
|
||||||||||||||||||||||||
Total borrowings (000’s omitted) |
$212,000 | $201,000 | $206,000 | $177,500 | $250,000 | $273,250 | ||||||||||||||||||
|
||||||||||||||||||||||||
Asset coverage per preferred share(g) |
$731,091 | $730,327 | $801,274 | $799,797 | $664,905 | $789,785 | ||||||||||||||||||
|
||||||||||||||||||||||||
Liquidating preference per preferred share |
$100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | ||||||||||||||||||
|
(a) | Calculated using average units outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Not annualized for periods less than one year, if applicable. |
(c) | Total return assumes an investment at the common share market price at the beginning of the period indicated, reinvestment of all distributions for the period in accordance with the Trust’s dividend reinvestment plan, and sale of all shares at the closing common share market price at the end of the period indicated. Not annualized for periods less than one year, if applicable. |
(d) | Calculation includes the proceeds from principal repayments and sales of variable rate senior loan interests and is not annualized for periods less than one year, if applicable. |
(e) | Annualized. |
(f) | Calculated by subtracting the Trust’s total liabilities (not including preferred shares, at liquidation value and borrowings) from the Trust’s total assets and dividing this by the total number of senior indebtedness units, where one unit equals $1,000 of senior indebtedness. |
(g) | Calculated by subtracting the Trust’s total liabilities (not including preferred shares, at liquidation value) from the Trust’s total assets and dividing this by the total number of preferred shares outstanding. |
28 | Invesco Senior Income Trust |
A. | Security Valuations – Variable rate senior loan interests are fair valued using quotes provided by an independent pricing service. Quotes provided by the pricing service may reflect appropriate factors such as ratings, tranche type, industry, company performance, spread, individual trading characteristics, institution-size trading in similar groups of securities and other market data. |
29 | Invesco Senior Income Trust |
B. | Securities Transactions and Investment Income – Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on an accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Pay-in-kind interest income and non-cash dividend income received in the form of securities in-lieu of cash are recorded at the fair value of the securities received. Facility fees received may be amortized over the life of the loan. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. |
C. | Country Determination – For the purposes of making investment selection decisions and presentation in the Consolidated Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer’s securities and its “country of risk” as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted. |
D. | Distributions – The Trust has adopted a Managed Distribution Plan (the “Plan”) whereby the Trust will pay a monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.021 per share. Effective February 1, 2023, the Trust will pay a monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.039 per share. The Plan is intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from the Trust, regardless of when or whether income is earned or capital gains are realized. If sufficient income is not available for a monthly distribution, the Trust will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level under the Plan. The Plan may be amended or terminated at any time by the Board. |
E. | Federal Income Taxes – The Trust intends to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), necessary to qualify as a regulated investment company and to distribute substantially all of the Trust’s taxable earnings to shareholders. As such, the Trust will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the consolidated financial statements. |
F. | Interest, Facilities and Maintenance Fees – Interest, Facilities and Maintenance Fees include interest and related borrowing costs such as commitment fees, rating and bank agent fees, administrative expenses and other expenses associated with establishing and maintaining the line of credit and Variable Rate Demand Preferred Shares (“VRDP Shares”). In addition, interest and administrative expenses related to establishing and maintaining floating rate note obligations, if any, are included. |
G. | Accounting Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, the Trust monitors for material events or transactions that may occur or become known after the period-end date and before the date the consolidated financial statements are released to print. |
H. | Indemnifications – Under the Trust’s organizational documents, each Trustee, officer, employee or other agent of the Trust, and under the LLC’s organizational documents, each member of the LLC and certain affiliated persons, is indemnified against certain liabilities that may arise out of the performance of their duties to the Trust and/or LLC. Additionally, in the normal course of business, the Trust enters into contracts, including the Trust’s servicing agreements, that contain a variety of indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote. |
I. | Cash and Cash Equivalents – For the purposes of the Consolidated Statement of Cash Flows, the Trust defines Cash and Cash Equivalents as cash (including foreign currency), money market funds and other investments held in lieu of cash and excludes investments made with cash collateral received. |
J. | Securities Purchased on a When-Issued and Delayed Delivery Basis – The Trust may purchase and sell interests in corporate loans and corporate debt securities and other portfolio securities on a when-issued and delayed delivery basis, with payment and delivery scheduled for a future date. No income accrues to the Trust on such interests or securities in connection with such transactions prior to the date the Trust actually takes delivery of such interests or securities. These transactions are subject to market fluctuations and are subject to the risk that the value at delivery may be more or less than the trade date |
30 | Invesco Senior Income Trust |
K. | Foreign Currency Translations – Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Trust does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Consolidated Statement of Operations. Reported net realized foreign currency gains or losses arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Trust’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates. |
L. | Forward Foreign Currency Contracts – The Trust may engage in foreign currency transactions either on a spot (i.e. for prompt delivery and settlement) basis, or through forward foreign currency contracts, to manage or minimize currency or exchange rate risk. |
M. | Industry Focus – To the extent that the Trust invests a greater amount of its assets in securities of issuers in the banking and financial services industries, the Trust’s performance will depend to a greater extent on the overall condition of those industries. The value of these securities can be sensitive to changes in government regulation, interest rates and economic downturns in the U.S. and abroad. |
N. | Bank Loan Risk – Although the resale, or secondary market for floating rate loans has grown substantially over the past decade, both in overall size and number of market participants, there is no organized exchange or board of trade on which floating rate loans are traded. Instead, the secondary market for floating rate loans is a private, unregulated interdealer or interbank resale market. Such a market may therefore be subject to irregular trading activity, wide bid/ask spreads, and extended trade settlement periods, which may impair the Trust’s ability to sell bank loans within its desired time frame or at an acceptable price and its ability to accurately value existing and prospective investments. Extended trade settlement periods may result in cash not being immediately available to the Trust. As a result, the Trust may have to sell other investments or engage in borrowing transactions to raise cash to meet its obligations. Similar to other asset classes, bank loan funds may be exposed to counterparty credit risk, or the risk that an entity with which the Trust has unsettled or open transactions may fail to or be unable to perform on its commitments. The Trust seeks to manage counterparty credit risk by entering into transactions only with counterparties that it believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. |
O. | LIBOR Transition Risk – The Trust may have investments in financial instruments that utilize the London Interbank Offered Rate (“LIBOR”) as the reference or benchmark rate for variable interest rate calculations. LIBOR was intended to measure the rate generally at which banks can lend and borrow from one another in the relevant currency on an unsecured basis. The UK Financial Conduct Authority (“FCA”), the regulator that oversees LIBOR, announced that the majority of LIBOR rates would cease to be published or would no longer be representative on January 1, 2022. The publication of most LIBOR rates ceased at the end of 2021, and the remaining USD LIBOR rates ceased to be published after June 2023. |
P. | Leverage Risk – The Trust may utilize leverage to seek to enhance the yield of the Trust by borrowing or issuing preferred shares. There are risks associated with borrowing or issuing preferred shares in an effort to increase the yield and distributions on the common shares, including that the costs of the financial leverage may exceed the income from investments made with such leverage, the higher volatility of the net asset value of the common shares, and that fluctuations in the interest rates on the borrowing or dividend rates on preferred shares may affect the yield and distributions to the common shareholders. There can be no assurance that the Trust’s leverage strategy will be successful. |
Q. | Other Risks – The Trust may invest all or substantially all of its assets in senior secured floating rate loans and senior secured debt securities that are determined to be rated below investment grade. These securities are generally considered to have speculative characteristics and are subject to greater risk of loss of principal and interest than higher rated securities. The value of lower quality debt securities and floating rate loans can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market or economic developments. The Trust invests in corporate loans from U.S. or non-U.S. companies (the “Borrowers”). The investment of the Trust in a corporate loan may take the form of participation interests or assignments. If the Trust purchases a participation interest from a syndicate of lenders (“Lenders”) or one of the participants in the syndicate (“Participant”), one or more of which administers the loan on behalf of all the Lenders (the “Agent Bank”), the Trust would be required to rely on the Lender that sold the participation interest not only for the enforcement of the Trust’s rights against the Borrower but also for the receipt and processing of payments due to the Trust under the corporate loans. As such, the Trust is subject to the |
31 | Invesco Senior Income Trust |
Level 1 – | Prices are determined using quoted prices in an active market for identical assets. | |
Level 2 – | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. | |
Level 3 – | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Adviser’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||
|
||||||||||||||||||||||||||
Investments in Securities |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||
Variable Rate Senior Loan Interests |
$ | – | $ | 480,871,400 | $ | 361,935,301 | $ | 842,806,701 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Common Stocks & Other Equity Interests |
9,032,888 | 7,181,433 | 50,720,831 | 66,935,152 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
U.S. Dollar Denominated Bonds & Notes |
– | 22,764,650 | 1,299,955 | 24,064,605 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
Non-U.S. Dollar Denominated Bonds & Notes |
– | 22,949,445 | 109,659 | 23,059,104 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
Preferred Stocks |
– | 4,835,024 | 715,273 | 5,550,297 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
Municipal Obligations |
– | 3,937,363 | – | 3,937,363 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
Total Investments in Securities |
9,032,888 | 542,539,315 | 414,781,019 | 966,353,222 | ||||||||||||||||||||||
|
32 | Invesco Senior Income Trust |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Other Investments - Assets* |
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Investments Matured |
$ | – | $ | – | $ | 2,230,302 | $ | 2,230,302 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||
Forward Foreign Currency Contracts |
– | 2,078,025 | – | 2,078,025 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
– | 2,078,025 | 2,230,302 | 4,308,327 | |||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Other Investments - Liabilities* |
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Forward Foreign Currency Contracts |
– | (245,547 | ) | – | (245,547 | ) | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Total Other Investments |
– | 1,832,478 | 2,230,302 | 4,062,780 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Total Investments |
$ | 9,032,888 | $ | 544,371,793 | $ | 417,011,321 | $ | 970,416,002 | ||||||||||||||||||||
|
* | Forward foreign currency contracts are valued at unrealized appreciation (depreciation). Investments matured are shown at value. |
Change in | ||||||||||||||||||||||||||||||||||||
Accrued | Realized | Unrealized | Transfers | Transfers | ||||||||||||||||||||||||||||||||
Value | Purchases | Proceeds | Discounts/ | Gain | Appreciation | into | out of | Value | ||||||||||||||||||||||||||||
02/28/23 | at Cost | from Sales | Premiums | (Loss) | (Depreciation) | Level 3* | Level 3* | 08/31/23 | ||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Variable Rate Senior Loan Interests |
$ | 409,533,144 | $ | 104,833,597 | $ | (130,467,059 | ) | $ | 1,517,597 | $ | (314,866 | ) | $ | (4,611,670 | ) | $ | 14,430,049 | $ | (32,985,491 | ) | $ | 361,935,301 | ||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Common Stocks & Other Equity Interests |
49,049,800 | 10,979,019 | (7,712,280 | ) | – | (518,566 | ) | (1,305,123 | ) | 269,772 | (41,791 | ) | 50,720,831 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Investments Matured |
497,375 | – | (15,593 | ) | 5,223 | (123,821 | ) | 123,759 | 1,743,359 | – | 2,230,302 | |||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
U.S. Dollar Denominated Bonds & Notes |
691,512 | 164,532 | (249,000 | ) | – | – | 692,911 | – | – | 1,299,955 | ||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Preferred Stocks |
745,598 | 397,020 | (397,023 | ) | – | (593,618 | ) | 563,296 | – | – | 715,273 | |||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Non-U.S. Dollar Denominated Bonds & Notes |
– | 113,472 | – | 1,952 | – | (5,765 | ) | – | – | 109,659 | ||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Total |
$ | 460,517,429 | $ | 116,487,640 | $ | (138,840,955 | ) | $ | 1,524,772 | $ | (1,550,871 | ) | $ | (4,542,592 | ) | $ | 16,443,180 | $ | (33,027,282 | ) | $ | 417,011,321 | ||||||||||||||
|
Range of | ||||||||||||||
Fair Value | Valuation | Unobservable | Unobservable | Unobservable | ||||||||||
at 08/31/23 | Technique | Inputs | Inputs | Input Used | ||||||||||
| ||||||||||||||
Keg Logistics LLC, Term Loan A |
$ | 24,568,473 | Valuation Service | N/A | N/A | N/A | (a) | |||||||
| ||||||||||||||
QuarterNorth Energy Holding, Inc. |
21,712,106 | Valuation Service | N/A | N/A | N/A | (b) | ||||||||
| ||||||||||||||
FDH Group Acquisition, Inc., Term Loan A |
21,491,581 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
SDB Holdco LLC (Specialty Dental Brands), Term Loan |
17,088,992 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
Lightning Finco Ltd. (LiveU), Term Loan B-1 |
16,522,006 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
Muth Mirror Systems LLC, Term Loan |
15,542,957 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
Hasa Intermediate Holdings LLC, Term Loan |
13,218,708 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
Teasdale Foods, Inc., Term Loan |
13,141,239 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
Vertellus, Term Loan |
12,358,964 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
USF S&H Holdco LLC |
11,028,888 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
CV Intermediate Holdco Corp. (Class Valuation), Delayed Draw Term Loan |
10,904,661 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
| ||||||||||||||
My Alarm Center LLC, Class A |
10,753,004 | Valuation Service | N/A | N/A | N/A | (b) | ||||||||
| ||||||||||||||
Affinity Dental Management, Inc., Term Loan |
10,276,029 | Valuation Service | N/A | N/A | N/A | (a) | ||||||||
|
(a) | Securities classified as Level 3 whose unadjusted values were provided by a pricing service and for which such inputs are unobservable. The valuations are based on certain methods used to determine market yields in order to establish a discount rate of return given market conditions and prevailing lending standards. Future expected cash flows are discounted back to the present value using these discount rates in the discounted cash flow analysis. The Adviser reviews the valuation reports provided by the valuation service on an on-going basis and monitors such investments for additional information or the occurrence of a market event which would warrant a re-evaluation of the security’s fair valuation. |
(b) | Securities classified as Level 3 whose unadjusted values were provided by a pricing service and for which such inputs are unobservable. The valuation is based on an enterprise value approach that utilizes a multiple of the last twelve months’ earnings before interest, taxes, depreciation and amortization of comparable public companies. The Adviser reviews the valuation reports provided by the valuation service on an on-going basis and monitors such investments for additional information or the occurrence of a market event which would warrant a re-evaluation of the security’s fair valuation. |
33 | Invesco Senior Income Trust |
Value | ||||
Derivative Assets | Currency Risk |
|||
|
||||
Unrealized appreciation on forward foreign currency contracts outstanding |
$ | 2,078,025 | ||
|
||||
Derivatives not subject to master netting agreements |
– | |||
|
||||
Total Derivative Assets subject to master netting agreements |
$ | 2,078,025 | ||
|
Value | ||||
Derivative Liabilities | Currency Risk |
|||
|
||||
Unrealized depreciation on forward foreign currency contracts outstanding |
$ | (245,547 | ) | |
|
||||
Derivatives not subject to master netting agreements |
– | |||
|
||||
Total Derivative Liabilities subject to master netting agreements |
$ | (245,547 | ) | |
|
Financial Derivative Assets |
Financial Derivative Liabilities |
Net Value of Derivatives |
Collateral (Received)/Pledged |
Net Amount | ||||||||||||||||||||||
Counterparty | Forward Foreign Currency Contracts |
Forward Foreign Currency Contracts |
Non‑Cash | Cash | ||||||||||||||||||||||
Barclays Bank PLC |
$ 57,625 | $(56,716) | $ 909 | $– | $– | $ 909 | ||||||||||||||||||||
BNP Paribas S.A. |
619,283 | (14,847) | 604,436 | – | – | 604,436 | ||||||||||||||||||||
Citibank N.A. |
70,630 | (66,486) | 4,144 | – | – | 4,144 | ||||||||||||||||||||
Morgan Stanley and Co. International PLC |
708,573 | (29,108) | 679,465 | – | – | 679,465 | ||||||||||||||||||||
Royal Bank of Canada |
130,324 | (78,390) | 51,934 | – | – | 51,934 | ||||||||||||||||||||
State Street Bank & Trust Co. |
490,232 | – | 490,232 | – | – | 490,232 | ||||||||||||||||||||
UBS AG |
1,358 | – | 1,358 | – | – | 1,358 | ||||||||||||||||||||
Total |
$2,078,025 | $(245,547) | $1,832,478 | $– | $– | $1,832,478 |
Location of Gain (Loss) on Consolidated Statement of Operations |
||||
Currency Risk |
||||
Realized Gain (Loss): |
||||
Forward foreign currency contracts |
$ (738,487) | |||
Change in Net Unrealized Appreciation (Depreciation): |
||||
Forward foreign currency contracts |
(812,139) | |||
Total |
$(1,550,626) |
Forward Foreign Currency Contracts | ||
Average notional value |
$256,698,387 |
34 | Invesco Senior Income Trust |
Borrower | Type | Unfunded Loan Commitment |
Unrealized Appreciation (Depreciation) |
|||||||
|
||||||||||
A-1 Garage Door Services |
Delayed Draw Term Loan | $ | 789,738 | $ | (24,482 | ) | ||||
|
||||||||||
A-1 Garage Door Services |
Revolver Loan | 1,088,676 | (4,897 | ) | ||||||
|
||||||||||
ABG Intermediate Holdings 2 LLC |
Delayed Draw Term Loan | 547,024 | 8,838 | |||||||
|
||||||||||
Affinity Dental Management, Inc. |
Delayed Draw Term Loan | 4,784,414 | (148,437 | ) | ||||||
|
||||||||||
Affinity Dental Management, Inc. |
Revolver Loan | 1,435,242 | (44,449 | ) | ||||||
|
||||||||||
BrightPet (AMCP Pet Holdings, Inc.) |
Revolver Loan | 197,726 | (6,528 | ) | ||||||
|
||||||||||
CV Intermediate Holdco Corp. (Class Valuation) |
Revolver Loan | 495,286 | (20,945 | ) | ||||||
|
||||||||||
D&H United Fueling Solutions |
Delayed Draw Term Loan | 1,395,489 | (21,251 | ) | ||||||
|
||||||||||
Dun & Bradstreet Corp. (The) |
Revolver Loan | 2,888,304 | 141,852 | |||||||
|
||||||||||
Esquire Deposition Solutions LLC |
Delayed Draw Term Loan | 562,823 | (15,759 | ) | ||||||
|
||||||||||
Esquire Deposition Solutions LLC |
Revolver Loan | 441,645 | (12,366 | ) | ||||||
|
||||||||||
Groundworks LLC |
Delayed Draw Term Loan | 317,694 | (3,505 | ) | ||||||
|
||||||||||
Groundworks LLC |
Revolver Loan | 141,737 | 430 | |||||||
|
||||||||||
HASA Acquisition LLC |
Revolver Loan | 877,530 | (334 | ) | ||||||
|
||||||||||
Hasa Intermediate Holdings LLC |
Delayed Draw Term Loan | 1,463,601 | (553 | ) | ||||||
|
||||||||||
Kantar (Summer BC Bidco) |
Revolver Loan | 1,429,157 | (55,016 | ) | ||||||
|
||||||||||
Keg Logistics LLC |
Revolver Loan | 596,854 | (20,732 | ) | ||||||
|
||||||||||
Lamark Media Group LLC |
Revolver Loan | 808,480 | (6,540 | ) | ||||||
|
||||||||||
M&D Distributors |
Delayed Draw Term Loan | 1,409,208 | (25,365 | ) | ||||||
|
||||||||||
M&D Distributors |
Revolver Loan | 1,182,222 | (21,280 | ) | ||||||
|
||||||||||
McDermott International Ltd. |
LOC | 3,644,503 | (929,348 | ) | ||||||
|
||||||||||
NAC Aviation 8 Ltd. |
Revolver Loan | 1,826,168 | 0 | |||||||
|
||||||||||
NAS LLC (d.b.a. Nationwide Marketing Group) |
Revolver Loan | 681,490 | 1,190 | |||||||
|
||||||||||
Royal Caribbean Cruises Ltd. |
Revolver Loan | 4,052,653 | (24,392 | ) | ||||||
|
||||||||||
Tank Holding Corp. |
Revolver Loan | 228,514 | (2,859 | ) | ||||||
|
||||||||||
USF S&H Holdco LLC |
Term Loan A | 878,203 | 7,731 | |||||||
|
||||||||||
Vertellus |
Revolver Loan | 1,011,429 | (12,918 | ) | ||||||
|
||||||||||
$ | 35,175,810 | $ | (1,241,915 | ) | ||||||
|
35 | Invesco Senior Income Trust |
Capital Loss Carryforward* | ||||||||||||||
Expiration | Short-Term | Long-Term | Total | |||||||||||
| ||||||||||||||
Not subject to expiration |
$19,739,216 | $142,551,222 | $162,290,438 | |||||||||||
|
* | Capital loss carryforward is reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. |
Unrealized Appreciation (Depreciation) of Investments on a Tax Basis |
||||
Aggregate unrealized appreciation of investments |
$ 50,036,906 | |||
|
||||
Aggregate unrealized (depreciation) of investments |
(114,208,406 | ) | ||
|
||||
Net unrealized appreciation (depreciation) of investments |
$ (64,171,500) | |||
|
Six Months Ended | Year Ended | |||||||||||
August 31, |
February 28, | |||||||||||
2023 | 2023 | |||||||||||
|
||||||||||||
Beginning shares |
153,030,736 | 153,030,736 | ||||||||||
|
||||||||||||
Shares issued through dividend reinvestment |
– | – | ||||||||||
|
||||||||||||
Tender offer purchase |
– | 0 | ||||||||||
|
||||||||||||
Ending shares |
153,030,736 | 153,030,736 | ||||||||||
|
Issue Date | Shares Issued | Term Redemption Date | Extension Date | |||||||||
|
||||||||||||
06/14/2018 |
1,000 | 06/01/2028 | 10/20/2022 | |||||||||
|
36 | Invesco Senior Income Trust |
Selling Participant | Principal Amount |
Value | ||||||||
Barclays Bank PLC |
$3,644,503 | $2,715,155 | ||||||||
| ||||||||||
Bank of America, N.A. |
4,433,987 | 4,339,424 | ||||||||
| ||||||||||
Citibank, N.A. |
5,251,083 | 5,104,533 | ||||||||
|
Declaration Date | Amount per Share | Record Date | Payable Date | |||||||||||||
September 1, 2023 |
$0.0390 | September 15, 2023 | September 29, 2023 | |||||||||||||
|
||||||||||||||||
October 2, 2023 |
$0.0430 | October 16, 2023 | October 31, 2023 | |||||||||||||
|
37 | Invesco Senior Income Trust |
A. | Nature, Extent and Quality of Services Provided by Invesco Advisers and the Affiliated Sub-Advisers |
B. | Fund Investment Performance |
38 | Invesco Senior Income Trust |
C. | Advisory and Sub-Advisory Fees and Fund Expenses |
D. | Economies of Scale and Breakpoints |
E. | Profitability and Financial Resources |
F. | Collateral Benefits to Invesco Advisers and its Affiliates |
39 | Invesco Senior Income Trust |
Matters | Votes For | Votes Withheld |
||||||||
|
||||||||||
(1). |
Beth Ann Brown | 120,656,685.67 | 2,441,218.00 | |||||||
Joel W. Motley | 120,372,246.67 | 2,725,657.00 | ||||||||
Teresa M. Ressel. | 120,270,698.67 | 2,827,205.00 | ||||||||
(2). |
Anthony J. LaCava, Jr. | 1,000.00 | 0.00 |
40 | Invesco Senior Income Trust |
SEC file number(s): 811‑08743 | VK-CE-SINC-SAR-1 |
(b) Not applicable.
ITEM 2. | CODE OF ETHICS. |
Not applicable for a semi-annual report.
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
Not applicable.
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
Not applicable.
ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS. |
Not applicable.
ITEM 6. | SCHEDULE OF INVESTMENTS. |
Investments in securities of unaffiliated issuers is included as part of the reports to stockholders filed under Item 1 of this Form.
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable.
ITEM 8. | PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable.
ITEM 9. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS. |
Not applicable.
ITEM 10. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
None.
ITEM 11. | CONTROLS AND PROCEDURES. |
(a) | As of October 17, 2023, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the PEO and PFO, to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of October 17, 2023, the Registrant’s disclosure controls and procedures were reasonably designed to ensure: (1) that information required to be disclosed by the Registrant on Form N-CSR is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure. |
(b) | There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
ITEM 12. | DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant: Invesco Senior Income Trust
By: | /s/ Glenn Brightman | |
Glenn Brightman | ||
Principal Executive Officer | ||
Date: | November 3, 2023 |
Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: | /s/ Glenn Brightman | |
Glenn Brightman | ||
Principal Executive Officer | ||
Date: | November 3, 2023 |
By: | /s/ Adrien Deberghes | |
Adrien Deberghes | ||
Principal Financial Officer | ||
Date: | November 3, 2023 |