Schedule of Investments(a)
November 30, 2023
(Unaudited)
Principal Amount | Value | |||||||||||
| ||||||||||||
U.S. Dollar Denominated Bonds & Notes–115.15%(b) |
| |||||||||||
Advertising–0.72% | ||||||||||||
Lamar Media Corp., | ||||||||||||
4.00%, 02/15/2030 | $ | 25,000 | $ | 22,305 | ||||||||
| ||||||||||||
3.63%, 01/15/2031 | 586,000 | 501,932 | ||||||||||
| ||||||||||||
524,237 | ||||||||||||
| ||||||||||||
Aerospace & Defense–2.13% | ||||||||||||
TransDigm, Inc., | ||||||||||||
6.75%, 08/15/2028(c) | 764,000 | 766,322 | ||||||||||
| ||||||||||||
7.13%, 12/01/2031(c) | 772,000 | 786,197 | ||||||||||
| ||||||||||||
1,552,519 | ||||||||||||
| ||||||||||||
Aluminum–0.72% | ||||||||||||
Novelis Corp., | ||||||||||||
3.25%, 11/15/2026(c) | 425,000 | 390,287 | ||||||||||
| ||||||||||||
3.88%, 08/15/2031(c) | 164,000 | 138,157 | ||||||||||
| ||||||||||||
528,444 | ||||||||||||
| ||||||||||||
Apparel Retail–0.79% | ||||||||||||
Victoria’s Secret & Co., 4.63%, 07/15/2029(c) | 707,000 | 574,422 | ||||||||||
| ||||||||||||
Application Software–0.73% | ||||||||||||
SS&C Technologies, Inc., 5.50%, 09/30/2027(c) | 554,000 | 536,654 | ||||||||||
| ||||||||||||
Automobile Manufacturers–5.34% |
| |||||||||||
Allison Transmission, Inc., | ||||||||||||
4.75%, 10/01/2027(c) | 546,000 | 515,362 | ||||||||||
| ||||||||||||
3.75%, 01/30/2031(c) | 1,545,000 | 1,291,389 | ||||||||||
| ||||||||||||
Ford Motor Co., | ||||||||||||
3.25%, 02/12/2032 | 655,000 | 522,664 | ||||||||||
| ||||||||||||
4.75%, 01/15/2043 | 330,000 | 255,159 | ||||||||||
| ||||||||||||
Ford Motor Credit Co. LLC, | ||||||||||||
6.80%, 05/12/2028 | 781,000 | 795,164 | ||||||||||
| ||||||||||||
5.11%, 05/03/2029 | 555,000 | 521,900 | ||||||||||
| ||||||||||||
3,901,638 | ||||||||||||
| ||||||||||||
Automotive Parts & Equipment–3.19% |
| |||||||||||
Clarios Global L.P./Clarios US Finance Co., 8.50%, 05/15/2027(c) |
| 771,000 | 777,065 | |||||||||
| ||||||||||||
NESCO Holdings II, Inc., 5.50%, 04/15/2029(c) | 578,000 | 518,755 | ||||||||||
| ||||||||||||
ZF North America Capital, Inc. (Germany), | ||||||||||||
6.88%, 04/14/2028(c) | 868,000 | 880,911 | ||||||||||
| ||||||||||||
7.13%, 04/14/2030(c) | 151,000 | 155,097 | ||||||||||
| ||||||||||||
2,331,828 | ||||||||||||
| ||||||||||||
Automotive Retail–5.30% | ||||||||||||
Group 1 Automotive, Inc., 4.00%, 08/15/2028(c) | 1,440,000 | 1,298,611 | ||||||||||
| ||||||||||||
LCM Investments Holdings II LLC, |
| |||||||||||
4.88%, 05/01/2029(c) | 593,000 | 518,574 | ||||||||||
| ||||||||||||
8.25%, 08/01/2031(c) | 1,007,000 | 1,012,886 | ||||||||||
|
Principal Amount | Value | |||||||||||
| ||||||||||||
Automotive Retail–(continued) | ||||||||||||
Lithia Motors, Inc., | ||||||||||||
3.88%, 06/01/2029(c) | $ | 590,000 | $ | 520,501 | ||||||||
| ||||||||||||
4.38%, 01/15/2031(c) | 601,000 | 518,366 | ||||||||||
| ||||||||||||
3,868,938 | ||||||||||||
| ||||||||||||
Broadline Retail–0.76% | ||||||||||||
B2W Digital Lux S.a.r.l. (Brazil), 4.38%, 12/20/2030(c)(d) | 309,000 | 58,377 | ||||||||||
| ||||||||||||
Macy’s Retail Holdings LLC, 5.88%, 03/15/2030(c) | 550,000 | 499,559 | ||||||||||
| ||||||||||||
557,936 | ||||||||||||
| ||||||||||||
Cable & Satellite–6.01% | ||||||||||||
CCO Holdings LLC/CCO Holdings Capital Corp., | ||||||||||||
5.13%, 05/01/2027(c) | 294,000 | 280,063 | ||||||||||
| ||||||||||||
5.00%, 02/01/2028(c) | 123,000 | 115,379 | ||||||||||
| ||||||||||||
5.38%, 06/01/2029(c) | 274,000 | 254,257 | ||||||||||
| ||||||||||||
4.75%, 03/01/2030(c) | 308,000 | 269,745 | ||||||||||
| ||||||||||||
4.50%, 08/15/2030(c) | 485,000 | 416,439 | ||||||||||
| ||||||||||||
7.38%, 03/01/2031(c) | 543,000 | 543,597 | ||||||||||
| ||||||||||||
4.50%, 05/01/2032 | 555,000 | 457,526 | ||||||||||
| ||||||||||||
4.25%, 01/15/2034(c) | 304,000 | 237,372 | ||||||||||
| ||||||||||||
CSC Holdings LLC, | ||||||||||||
5.25%, 06/01/2024 | 309,000 | 294,677 | ||||||||||
| ||||||||||||
5.38%, 02/01/2028(c) | 303,000 | 257,923 | ||||||||||
| ||||||||||||
7.50%, 04/01/2028(c) | 352,000 | 241,076 | ||||||||||
| ||||||||||||
4.50%, 11/15/2031(c) | 704,000 | 498,827 | ||||||||||
| ||||||||||||
DISH Network Corp., | ||||||||||||
Conv., 3.38%, 08/15/2026 | 573,000 | 262,148 | ||||||||||
| ||||||||||||
11.75%, 11/15/2027(c) | 264,000 | 262,375 | ||||||||||
| ||||||||||||
4,391,404 | ||||||||||||
| ||||||||||||
Casinos & Gaming–3.54% | ||||||||||||
Codere Finance 2 (Luxembourg) S.A. (Spain), 11.63% PIK Rate, 2.00% Cash Rate, | 64,572 | 5,650 | ||||||||||
| ||||||||||||
Melco Resorts Finance Ltd. (Hong Kong), 5.38%, 12/04/2029(c) | 1,248,000 | 1,046,418 | ||||||||||
| ||||||||||||
Studio City Finance Ltd. (Macau), 5.00%, 01/15/2029(c) | 1,295,000 | 1,005,619 | ||||||||||
| ||||||||||||
Wynn Macau Ltd. (Macau), 5.63%, 08/26/2028(c) | 596,000 | 529,026 | ||||||||||
| ||||||||||||
2,586,713 | ||||||||||||
| ||||||||||||
Commodity Chemicals–1.51% | ||||||||||||
Mativ Holdings, Inc., 6.88%, 10/01/2026(c) | 1,191,000 | 1,099,897 | ||||||||||
| ||||||||||||
Construction & Engineering–1.44% |
| |||||||||||
Howard Midstream Energy Partners LLC, | ||||||||||||
6.75%, 01/15/2027(c) | 669,000 | 649,164 | ||||||||||
| ||||||||||||
8.88%, 07/15/2028(c) | 389,000 | 404,826 | ||||||||||
| ||||||||||||
1,053,990 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco High Income Trust II |
Principal Amount | Value | |||||||||||
| ||||||||||||
Consumer Finance–2.28% | ||||||||||||
FirstCash, Inc., 5.63%, 01/01/2030(c) | $ | 587,000 | $ | 549,875 | ||||||||
| ||||||||||||
Navient Corp., 6.13%, 03/25/2024 | 532,000 | 532,078 | ||||||||||
| ||||||||||||
OneMain Finance Corp., | ||||||||||||
7.13%, 03/15/2026 | 330,000 | 333,028 | ||||||||||
| ||||||||||||
3.88%, 09/15/2028 | 37,000 | 31,803 | ||||||||||
| ||||||||||||
5.38%, 11/15/2029 | 245,000 | 220,722 | ||||||||||
| ||||||||||||
1,667,506 | ||||||||||||
| ||||||||||||
Diversified Banks–2.16% | ||||||||||||
Citigroup, Inc., | ||||||||||||
3.88%(f)(g) | 471,000 | 411,032 | ||||||||||
| ||||||||||||
7.38%(f)(g) | 113,000 | 112,028 | ||||||||||
| ||||||||||||
JPMorgan Chase & Co., | 1,072,000 | 1,056,181 | ||||||||||
| ||||||||||||
1,579,241 | ||||||||||||
| ||||||||||||
Diversified Financial Services–2.92% |
| |||||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 6.15%, 09/30/2030 | 513,000 | 516,804 | ||||||||||
| ||||||||||||
Jane Street Group/JSG Finance, Inc., 4.50%, 11/15/2029(c) | 606,000 | 542,809 | ||||||||||
| ||||||||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/2028(c) | 622,000 | 532,360 | ||||||||||
| ||||||||||||
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, 4.00%, 10/15/2027(c) | 591,000 | 541,323 | ||||||||||
| ||||||||||||
2,133,296 | ||||||||||||
| ||||||||||||
Diversified Metals & Mining–0.70% |
| |||||||||||
Hudbay Minerals, Inc. (Canada), 6.13%, 04/01/2029(c) | 538,000 | 507,603 | ||||||||||
| ||||||||||||
Diversified Support Services–1.41% |
| |||||||||||
Ritchie Bros. Holdings, Inc. (Canada), 6.75%, 03/15/2028(c) | 1,010,000 | 1,029,907 | ||||||||||
| ||||||||||||
Electric Utilities–3.45% | ||||||||||||
Electricite de France S.A. (France), 9.13%(c)(f)(g) | 526,000 | 560,775 | ||||||||||
| ||||||||||||
NRG Energy, Inc., 4.45%, 06/15/2029(c) | 424,000 | 385,384 | ||||||||||
| ||||||||||||
Talen Energy Supply LLC, 8.63%, 06/01/2030(c) | 519,000 | 544,055 | ||||||||||
| ||||||||||||
Vistra Operations Co. LLC, 7.75%, 10/15/2031(c) | 1,003,000 | 1,027,452 | ||||||||||
| ||||||||||||
2,517,666 | ||||||||||||
| ||||||||||||
Electrical Components & Equipment–1.30% |
| |||||||||||
EnerSys, 4.38%, 12/15/2027(c) | 841,000 | 770,364 | ||||||||||
| ||||||||||||
Sensata Technologies B.V., 4.00%, 04/15/2029(c) | 200,000 | 179,640 | ||||||||||
| ||||||||||||
950,004 | ||||||||||||
| ||||||||||||
Electronic Components–0.47% | ||||||||||||
Sensata Technologies, Inc., | ||||||||||||
4.38%, 02/15/2030(c) | 178,000 | 158,763 | ||||||||||
| ||||||||||||
3.75%, 02/15/2031(c) | 217,000 | 183,685 | ||||||||||
| ||||||||||||
342,448 | ||||||||||||
| ||||||||||||
Electronic Manufacturing Services–1.08% |
| |||||||||||
Emerald Debt Merger Sub LLC, 6.63%, 12/15/2030(c) | 788,000 | 787,015 | ||||||||||
|
Principal Amount | Value | |||||||||||
| ||||||||||||
Environmental & Facilities Services–0.70% |
| |||||||||||
GFL Environmental, Inc. (Canada), 6.75%, 01/15/2031(c) | $ | 508,000 | $ | 513,080 | ||||||||
| ||||||||||||
Gold–0.70% | ||||||||||||
New Gold, Inc. (Canada), 7.50%, 07/15/2027(c) | 522,000 | 511,619 | ||||||||||
| ||||||||||||
Health Care Facilities–2.17% | ||||||||||||
Encompass Health Corp., 4.50%, 02/01/2028 | 612,000 | 572,644 | ||||||||||
| ||||||||||||
Tenet Healthcare Corp., 4.88%, 01/01/2026 | 1,033,000 | 1,015,835 | ||||||||||
| ||||||||||||
1,588,479 | ||||||||||||
| ||||||||||||
Health Care REITs–2.82% | ||||||||||||
Diversified Healthcare Trust, | ||||||||||||
4.75%, 05/01/2024 | 918,000 | 868,163 | ||||||||||
| ||||||||||||
4.38%, 03/01/2031 | 953,000 | 671,771 | ||||||||||
| ||||||||||||
MPT Operating Partnership L.P./MPT Finance Corp., | ||||||||||||
5.25%, 08/01/2026 | 299,000 | 260,484 | ||||||||||
| ||||||||||||
3.50%, 03/15/2031 | 425,000 | 262,444 | ||||||||||
| ||||||||||||
2,062,862 | ||||||||||||
| ||||||||||||
Health Care Services–2.75% | ||||||||||||
Catalent Pharma Solutions, Inc., 3.50%, 04/01/2030(c) | 615,000 | 514,715 | ||||||||||
| ||||||||||||
Community Health Systems, Inc., | ||||||||||||
8.00%, 03/15/2026(c) | 584,000 | 562,928 | ||||||||||
| ||||||||||||
5.25%, 05/15/2030(c) | 502,000 | 395,455 | ||||||||||
| ||||||||||||
4.75%, 02/15/2031(c) | 335,000 | 246,125 | ||||||||||
| ||||||||||||
DaVita, Inc., 3.75%, 02/15/2031(c) | 367,000 | 287,612 | ||||||||||
| ||||||||||||
2,006,835 | ||||||||||||
| ||||||||||||
Health Care Supplies–0.71% | ||||||||||||
Medline Borrower L.P., | ||||||||||||
3.88%, 04/01/2029(c) | 301,000 | 267,382 | ||||||||||
| ||||||||||||
5.25%, 10/01/2029(c) | 281,000 | 254,495 | ||||||||||
| ||||||||||||
521,877 | ||||||||||||
| ||||||||||||
Hotel & Resort REITs–2.48% | ||||||||||||
Service Properties Trust, | ||||||||||||
5.50%, 12/15/2027 | 1,145,000 | 1,020,622 | ||||||||||
| ||||||||||||
8.63%, 11/15/2031(c) | 770,000 | 790,539 | ||||||||||
| ||||||||||||
1,811,161 | ||||||||||||
| ||||||||||||
Hotels, Resorts & Cruise Lines–1.06% |
| |||||||||||
Carnival Corp., 6.00%, 05/01/2029(c) | 842,000 | 775,311 | ||||||||||
| ||||||||||||
Household Products–1.09% | ||||||||||||
Prestige Brands, Inc., 3.75%, 04/01/2031(c) | 956,000 | 797,954 | ||||||||||
| ||||||||||||
Independent Power Producers & Energy Traders–0.76% |
| |||||||||||
Clearway Energy Operating LLC, | 589,000 | 551,677 | ||||||||||
| ||||||||||||
Industrial Machinery & Supplies & Components–1.83% |
| |||||||||||
Enpro, Inc., 5.75%, 10/15/2026 | 803,000 | 780,909 | ||||||||||
| ||||||||||||
Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029(c) | 615,000 | 553,069 | ||||||||||
| ||||||||||||
1,333,978 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco High Income Trust II |
Principal Amount | Value | |||||||||||
| ||||||||||||
Integrated Telecommunication Services–2.07% |
| |||||||||||
Altice France S.A. (France), 8.13%, 02/01/2027(c) | $ | 576,000 | $ | 495,948 | ||||||||
| ||||||||||||
Iliad Holding S.A.S. (France), 6.50%, 10/15/2026(c) | 530,000 | 517,558 | ||||||||||
| ||||||||||||
Level 3 Financing, Inc., 3.75%, 07/15/2029(c) | 1,384,000 | 499,859 | ||||||||||
| ||||||||||||
1,513,365 | ||||||||||||
| ||||||||||||
Investment Banking & Brokerage–1.48% |
| |||||||||||
Charles Schwab Corp. (The), Series G, 5.38%(f)(g) | 537,000 | 521,553 | ||||||||||
| ||||||||||||
GTCR W-2 Merger Sub LLC, 7.50%, 01/15/2031(c) | 550,000 | 560,766 | ||||||||||
| ||||||||||||
1,082,319 | ||||||||||||
| ||||||||||||
IT Consulting & Other Services–0.72% |
| |||||||||||
Gartner, Inc., | ||||||||||||
4.50%, 07/01/2028(c) | 88,000 | 82,505 | ||||||||||
| ||||||||||||
3.63%, 06/15/2029(c) | 306,000 | 273,622 | ||||||||||
| ||||||||||||
3.75%, 10/01/2030(c) | 195,000 | 170,385 | ||||||||||
| ||||||||||||
526,512 | ||||||||||||
| ||||||||||||
Leisure Facilities–3.19% |
| |||||||||||
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/2028(c) | 434,000 | 472,346 | ||||||||||
| ||||||||||||
NCL Corp. Ltd., | ||||||||||||
3.63%, 12/15/2024(c) | 528,000 | 510,567 | ||||||||||
| ||||||||||||
5.88%, 03/15/2026(c) | 283,000 | 268,355 | ||||||||||
| ||||||||||||
5.88%, 02/15/2027(c) | 275,000 | 266,500 | ||||||||||
| ||||||||||||
NCL Finance Ltd., 6.13%, 03/15/2028(c) | 266,000 | 241,574 | ||||||||||
| ||||||||||||
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/2029(c) | 615,000 | 569,303 | ||||||||||
| ||||||||||||
2,328,645 | ||||||||||||
| ||||||||||||
Marine Transportation–0.98% |
| |||||||||||
Viking Cruises Ltd., | ||||||||||||
6.25%, 05/15/2025(c) | 382,000 | 378,451 | ||||||||||
| ||||||||||||
7.00%, 02/15/2029(c) | 349,000 | 334,506 | ||||||||||
| ||||||||||||
712,957 | ||||||||||||
| ||||||||||||
Metal, Glass & Plastic Containers–0.98% |
| |||||||||||
Ball Corp., 3.13%, 09/15/2031 | 646,000 | 534,008 | ||||||||||
| ||||||||||||
OI European Group B.V., 4.75%, 02/15/2030(c) | 200,000 | 180,153 | ||||||||||
| ||||||||||||
714,161 | ||||||||||||
| ||||||||||||
Mortgage REITs–0.77% |
| |||||||||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.75%, 06/15/2029(c) | 647,000 | 563,784 | ||||||||||
| ||||||||||||
Office REITs–0.15% |
| |||||||||||
Office Properties Income Trust, | 116,000 | 110,687 | ||||||||||
| ||||||||||||
Oil & Gas Drilling–4.13% |
| |||||||||||
Delek Logistics Partners L.P./Delek Logistics Finance Corp., 7.13%, 06/01/2028(c) | 559,000 | 527,109 | ||||||||||
|
Principal Amount | Value | |||||||||||
| ||||||||||||
Oil & Gas Drilling–(continued) | ||||||||||||
Transocean, Inc., | ||||||||||||
7.25%, 11/01/2025(c) | $ | 282,000 | $ | 277,033 | ||||||||
| ||||||||||||
7.50%, 01/15/2026(c) | 843,000 | 822,583 | ||||||||||
| ||||||||||||
8.75%, 02/15/2030(c) | 406,600 | 415,560 | ||||||||||
| ||||||||||||
7.50%, 04/15/2031 | 625,000 | 522,912 | ||||||||||
| ||||||||||||
Valaris Ltd., 8.38%, 04/30/2030(c) | 451,000 | 454,105 | ||||||||||
| ||||||||||||
3,019,302 | ||||||||||||
| ||||||||||||
Oil & Gas Equipment & Services–1.36% |
| |||||||||||
Enerflex Ltd. (Canada), 9.00%, 10/15/2027(c) | 469,000 | 441,986 | ||||||||||
| ||||||||||||
Oceaneering International, Inc., | 565,000 | 548,259 | ||||||||||
| ||||||||||||
990,245 | ||||||||||||
| ||||||||||||
Oil & Gas Exploration & Production–10.81% |
| |||||||||||
Aethon United BR L.P./Aethon United Finance Corp., 8.25%, 02/15/2026(c) | 2,129,000 | 2,141,678 | ||||||||||
| ||||||||||||
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 7.00%, 11/01/2026(c) | 526,000 | 519,124 | ||||||||||
| ||||||||||||
Hilcorp Energy I L.P./Hilcorp | ||||||||||||
6.00%, 04/15/2030(c) | 421,000 | 393,030 | ||||||||||
| ||||||||||||
6.25%, 04/15/2032(c) | 159,000 | 146,952 | ||||||||||
| ||||||||||||
8.38%, 11/01/2033(c) | 538,000 | 554,653 | ||||||||||
| ||||||||||||
Moss Creek Resources Holdings, Inc., 10.50%, 05/15/2027(c) | 762,000 | 771,414 | ||||||||||
| ||||||||||||
Sitio Royalties Operating Partnership L.P./Sitio Finance Corp., 7.88%, 11/01/2028(c) | 539,000 | 541,515 | ||||||||||
| ||||||||||||
SM Energy Co., 6.63%, 01/15/2027 | 534,000 | 525,750 | ||||||||||
| ||||||||||||
Southwestern Energy Co., 4.75%, 02/01/2032 | 591,000 | 527,457 | ||||||||||
| ||||||||||||
Strathcona Resources Ltd. (Canada), 6.88%, 08/01/2026(c) | 1,051,000 | 1,002,034 | ||||||||||
| ||||||||||||
Vital Energy, Inc., | ||||||||||||
10.13%, 01/15/2028 | 248,000 | 252,724 | ||||||||||
| ||||||||||||
7.75%, 07/31/2029(c) | 288,000 | 264,255 | ||||||||||
| ||||||||||||
9.75%, 10/15/2030 | 252,000 | 252,749 | ||||||||||
| ||||||||||||
7,893,335 | ||||||||||||
| ||||||||||||
Oil & Gas Refining & Marketing–0.73% |
| |||||||||||
PBF Holding Co. LLC/PBF Finance Corp., 7.88%, 09/15/2030(c) | 531,000 | 531,502 | ||||||||||
| ||||||||||||
Oil & Gas Storage & Transportation–5.38% |
| |||||||||||
Genesis Energy L.P./Genesis Energy Finance Corp., | ||||||||||||
8.00%, 01/15/2027 | 162,000 | 162,280 | ||||||||||
| ||||||||||||
7.75%, 02/01/2028 | 609,000 | 602,146 | ||||||||||
| ||||||||||||
Global Partners L.P./GLP Finance Corp., 7.00%, 08/01/2027 | 394,000 | 377,960 | ||||||||||
| ||||||||||||
Martin Midstream Partners L.P./Martin Midstream Finance Corp., 11.50%, 02/15/2028(c) | 541,000 | 549,750 | ||||||||||
| ||||||||||||
New Fortress Energy, Inc., 6.50%, 09/30/2026(c) | 399,000 | 379,301 | ||||||||||
| ||||||||||||
Rockies Express Pipeline LLC, 4.95%, 07/15/2029(c) | 548,000 | 506,262 | ||||||||||
| ||||||||||||
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 9.00%, 10/15/2026(c)(h) | 273,000 | 271,550 | ||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco High Income Trust II |
Principal Amount | Value | |||||||||||
| ||||||||||||
Oil & Gas Storage & Transportation–(continued) |
| |||||||||||
Venture Global LNG, Inc., | ||||||||||||
8.13%, 06/01/2028(c) | $ | 526,000 | $ | 521,982 | ||||||||
| ||||||||||||
9.50%, 02/01/2029(c) | 543,000 | 560,604 | ||||||||||
| ||||||||||||
3,931,835 | ||||||||||||
| ||||||||||||
Passenger Airlines–1.07% | ||||||||||||
American Airlines, Inc./AAdvantage | ||||||||||||
5.50%, 04/20/2026(c) | 522,500 | 514,742 | ||||||||||
| ||||||||||||
5.75%, 04/20/2029(c) | 275,000 | 263,641 | ||||||||||
| ||||||||||||
778,383 | ||||||||||||
| ||||||||||||
Pharmaceuticals–0.86% | ||||||||||||
Bausch Health Cos., Inc., | ||||||||||||
5.50%, 11/01/2025(c) | 285,000 | 248,601 | ||||||||||
| ||||||||||||
4.88%, 06/01/2028(c) | 329,000 | 167,800 | ||||||||||
| ||||||||||||
5.25%, 01/30/2030(c) | 276,000 | 99,088 | ||||||||||
| ||||||||||||
Par Pharmaceutical, Inc., 7.50%, 04/01/2027(c) | 182,000 | 114,820 | ||||||||||
| ||||||||||||
630,309 | ||||||||||||
| ||||||||||||
Research & Consulting Services–1.07% |
| |||||||||||
Clarivate Science Holdings Corp., 4.88%, 07/01/2029(c) | 871,000 | 780,142 | ||||||||||
| ||||||||||||
Restaurants–2.14% | ||||||||||||
1011778 BC ULC/New Red Finance, Inc. (Canada), | ||||||||||||
3.50%, 02/15/2029(c) | 290,000 | 258,477 | ||||||||||
| ||||||||||||
4.00%, 10/15/2030(c) | 602,000 | 519,431 | ||||||||||
| ||||||||||||
Yum! Brands, Inc., 5.38%, 04/01/2032 | 826,000 | 782,250 | ||||||||||
| ||||||||||||
1,560,158 | ||||||||||||
| ||||||||||||
Retail REITs–1.46% | ||||||||||||
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/2026(c) | 1,140,000 | 1,068,917 | ||||||||||
| ||||||||||||
Specialized Consumer Services–2.81% |
| |||||||||||
Allwyn Entertainment Financing (UK) PLC (Czech Republic), 7.88%, 04/30/2029(c) | 785,000 | 786,722 | ||||||||||
| ||||||||||||
Carriage Services, Inc., 4.25%, 05/15/2029(c) | 1,496,000 | 1,266,940 | ||||||||||
| ||||||||||||
2,053,662 | ||||||||||||
| ||||||||||||
Systems Software–3.66% | ||||||||||||
Black Knight InfoServ LLC, 3.63%, 09/01/2028(c) | 878,000 | 816,540 | ||||||||||
| ||||||||||||
Camelot Finance S.A., 4.50%, 11/01/2026(c) | 1,401,000 | 1,329,623 | ||||||||||
| ||||||||||||
CrowdStrike Holdings, Inc., 3.00%, 02/15/2029 | 599,000 | 526,375 | ||||||||||
| ||||||||||||
2,672,538 | ||||||||||||
| ||||||||||||
Telecom Tower REITs–0.71% | ||||||||||||
SBA Communications Corp., 3.13%, 02/01/2029 | 595,000 | 518,656 | ||||||||||
|
Principal Amount | Value | |||||||||||
| ||||||||||||
Trading Companies & Distributors–2.14% |
| |||||||||||
Fortress Transportation and Infrastructure Investors LLC, | ||||||||||||
6.50%, 10/01/2025(c) | $ | 257,000 | $ | 255,437 | ||||||||
| ||||||||||||
5.50%, 05/01/2028(c) | 827,000 | 777,223 | ||||||||||
| ||||||||||||
7.88%, 12/01/2030(c) | 519,000 | 528,310 | ||||||||||
| ||||||||||||
1,560,970 | ||||||||||||
| ||||||||||||
Wireless Telecommunication Services–1.46% |
| |||||||||||
Vodafone Group PLC (United Kingdom), 4.13%, 06/04/2081(f) | 1,324,000 | 1,069,338 | ||||||||||
| ||||||||||||
Total U.S. Dollar Denominated Bonds & Notes |
| 84,109,861 | ||||||||||
| ||||||||||||
Variable Rate Senior Loan Interests–13.12%(i)(j) |
| |||||||||||
Advertising–0.77% | ||||||||||||
Clear Channel Worldwide Holdings, Inc., Term Loan B, 9.14% (3 mo. SOFR + 3.76%), 08/21/2026 | 569,083 | 559,420 | ||||||||||
| ||||||||||||
Commodity Chemicals–0.65% | ||||||||||||
Schweitzer-Mauduit International, Inc. (SWM International), Term Loan B, 9.21% (1 mo. SOFR + 3.86%), 04/20/2028 | 479,925 | 475,126 | ||||||||||
| ||||||||||||
Diversified Financial Services–1.44% |
| |||||||||||
Scientific Games Lottery, First Lien Term Loan, 8.91% (1 mo. SOFR + 3.50%), 04/04/2029 | 1,056,769 | 1,053,043 | ||||||||||
| ||||||||||||
Environmental & Facilities Services–0.94% |
| |||||||||||
GFL Environmental, Inc. (Canada), | 312,382 | 313,482 | ||||||||||
| ||||||||||||
Term Loan A, 7.91% (1 mo. SOFR + 2.50%), 05/31/2027 | 371,225 | 372,617 | ||||||||||
| ||||||||||||
686,099 | ||||||||||||
| ||||||||||||
Health Care Services–0.73% | ||||||||||||
Select Medical Corp., Term Loan, 8.35% (1 mo. SOFR + 3.00%), 03/06/2027 | 535,594 | 536,429 | ||||||||||
| ||||||||||||
Health Care Supplies–0.72% | ||||||||||||
Mozart Debt Merger Sub, Inc. (Medline Industries), Term Loan, 8.46% (1 mo. SOFR + 3.11%), 10/23/2028 | 524,668 | 525,361 | ||||||||||
| ||||||||||||
Hotels, Resorts & Cruise Lines–2.23% |
| |||||||||||
Carnival Corp., Incremental Term Loan, 8.71% (1 mo. SOFR + 3.36%), 10/18/2028 | 572,989 | 571,078 | ||||||||||
| ||||||||||||
IRB Holding Corp., Term Loan B, 8.45% (1 mo. SOFR + 3.10%), 12/15/2027 | 1,054,257 | 1,054,051 | ||||||||||
| ||||||||||||
1,625,129 | ||||||||||||
| ||||||||||||
Industrial REITs–0.51% | ||||||||||||
Greystar Real Estate Partners LLC, Term Loan, 9.15% (1 mo. SOFR + 3.75%), 08/07/2030(l) | 368,400 | 369,321 | ||||||||||
| ||||||||||||
Life Sciences Tools & Services–0.72% |
| |||||||||||
Syneos Health, Inc., Term Loan, 9.39% (3 mo. SOFR + 4.00%), 09/27/2030 | 535,000 | 524,153 | ||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco High Income Trust II |
Principal Amount | Value | |||||||||||
| ||||||||||||
Oil & Gas Storage & Transportation–0.95% |
| |||||||||||
NFE Atlantic Holdings LLC, Term Loan B, 10.39% (3 mo. SOFR + 5.00%), 10/30/2028 | $ | 720,000 | $ | 694,800 | ||||||||
| ||||||||||||
Pharmaceuticals–0.56% |
| |||||||||||
Endo LLC, Term Loan, 14.50% (1 mo. PRIME + 6.00%), 03/27/2028 | 627,062 | 408,114 | ||||||||||
| ||||||||||||
Real Estate Services–0.72% |
| |||||||||||
DTZ U.S. Borrower LLC, Term loan B, 9.35% (1 mo. SOFR + 4.00%), 01/31/2030(l) | 537,000 | 527,602 | ||||||||||
| ||||||||||||
Research & Consulting Services–1.45% |
| |||||||||||
Dun & Bradstreet Corp. (The), Term loan B, 8.19% (1 mo. SOFR + 2.85%), 02/06/2026 | 1,059,770 | 1,061,265 | ||||||||||
| ||||||||||||
Restaurants–0.73% |
| |||||||||||
New Red Finance, Inc., Term Loan B-5, 7.60% (1 mo. SOFR + 2.25%), 09/23/2030 | 536,000 | 534,620 | ||||||||||
| ||||||||||||
Total Variable Rate Senior Loan Interests |
| 9,580,482 | ||||||||||
| ||||||||||||
Non-U.S. Dollar Denominated Bonds & Notes–6.38%(m) |
| |||||||||||
Application Software–1.41% |
| |||||||||||
Boxer Parent Co., Inc., 6.50%, 10/02/2025(c) | EUR | 950,000 | 1,032,093 | |||||||||
| ||||||||||||
Casinos & Gaming–0.14% |
| |||||||||||
Codere Finance 2 (Luxembourg) S.A. (Spain), 3.00% PIK Rate, 8.00% Cash Rate, 09/30/2026(c)(e) | EUR | 138,521 | 104,038 | |||||||||
| ||||||||||||
Diversified Banks–1.73% |
| |||||||||||
Banco Bilbao Vizcaya Argentaria S.A. (Spain), 6.00%(c)(f)(g) | EUR | 200,000 | 211,714 | |||||||||
| ||||||||||||
BNP Paribas S.A. (France), 6.88%(c)(f)(g) | EUR | 200,000 | 215,405 | |||||||||
| ||||||||||||
Cooperatieve Rabobank U.A. (Netherlands), 4.38%(c)(f)(g) | EUR | 200,000 | 197,887 | |||||||||
| ||||||||||||
Credit Agricole S.A. (France), 7.25%(c)(f)(g) | EUR | 200,000 | 222,190 | |||||||||
| ||||||||||||
Lloyds Banking Group PLC (United Kingdom), | EUR | 400,000 | 417,616 | |||||||||
| ||||||||||||
1,264,812 | ||||||||||||
| ||||||||||||
Diversified Capital Markets–0.31% |
| |||||||||||
Deutsche Bank AG (Germany), 10.00%(c)(f)(g) | EUR | 200,000 | 225,915 | |||||||||
| ||||||||||||
Food Retail–0.02% | ||||||||||||
Casino Guichard Perrachon S.A. (France), | ||||||||||||
6.63%, 01/15/2026(c)(d) | EUR | 451,000 | 5,449 | |||||||||
| ||||||||||||
3.99%(Acquired 11/10/2022-11/15/2022; Cost $237,509)(c)(f)(g)(n) | EUR | 1,200,000 | 8,239 | |||||||||
| ||||||||||||
13,688 | ||||||||||||
|
Principal Amount | Value | |||||||||||
| ||||||||||||
Metal, Glass & Plastic Containers–0.73% |
| |||||||||||
OI European Group B.V., 6.25%, 05/15/2028(c) | EUR | 475,000 | $ | 531,556 | ||||||||
| ||||||||||||
Pharmaceuticals–0.89% |
| |||||||||||
Nidda Healthcare Holding GmbH (Germany), 7.50%, 08/21/2026(c) | EUR | 582,000 | 647,953 | |||||||||
| ||||||||||||
Wireless Telecommunication Services–1.15% |
| |||||||||||
VMED O2 UK Financing I PLC (United Kingdom), 3.25%, 01/31/2031(c) | EUR | 900,000 | 842,625 | |||||||||
| ||||||||||||
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $4,553,257) |
| 4,662,680 | ||||||||||
| ||||||||||||
Shares | ||||||||||||
Exchange-Traded Funds–5.04% |
| |||||||||||
Invesco AT1 Capital Bond UCITS ETF(o)(p) | 22,000 | 515,262 | ||||||||||
| ||||||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | 25,000 | 1,043,500 | ||||||||||
| ||||||||||||
iShares iBoxx High Yield Corporate Bond ETF | 28,000 | 2,119,880 | ||||||||||
| ||||||||||||
Total Exchange-Traded Funds |
| 3,678,642 | ||||||||||
| ||||||||||||
Preferred Stocks–0.70% |
| |||||||||||
Diversified Banks–0.70% |
| |||||||||||
Bank of America Corp., 6.50%, Series Z, Pfd.(f) | 514,000 | 510,784 | ||||||||||
| ||||||||||||
Regional Banks–0.00% |
| |||||||||||
First Republic Bank, Series N, Pfd.(h) | 2,000 | 0 | ||||||||||
| ||||||||||||
Total Preferred Stocks (Cost $530,493) |
| 510,784 | ||||||||||
| ||||||||||||
Principal Amount | ||||||||||||
Asset-Backed Securities–0.30% |
| |||||||||||
Hertz Vehicle Financing III LLC, Series 2023-3A, Class C, 7.26%, 02/25/2028 (Cost $219,992)(c) | $ | 220,000 | 221,816 | |||||||||
| ||||||||||||
U.S. Treasury Securities–0.08% |
| |||||||||||
U.S. Treasury Bills–0.08% |
| |||||||||||
5.38%, 04/18/2024 | 60,000 | 58,800 | ||||||||||
| ||||||||||||
Shares | ||||||||||||
Money Market Funds–0.97% |
| |||||||||||
Invesco Government & Agency Portfolio, Institutional Class, 5.28%(o)(r) | 249,132 | 249,132 | ||||||||||
| ||||||||||||
Invesco Liquid Assets Portfolio, Institutional Class, 5.46%(o)(r) | 176,775 | 176,863 | ||||||||||
| ||||||||||||
Invesco Treasury Portfolio, Institutional Class, 5.28%(o)(r) | 284,723 | 284,723 | ||||||||||
| ||||||||||||
Total Money Market Funds (Cost $710,718) |
| 710,718 | ||||||||||
| ||||||||||||
TOTAL INVESTMENTS IN |
| 103,533,783 | ||||||||||
| ||||||||||||
BORROWINGS–(41.82)% |
| (30,550,000 | ) | |||||||||
| ||||||||||||
OTHER ASSETS LESS LIABILITIES–0.08% |
| 59,187 | ||||||||||
| ||||||||||||
NET ASSETS–100.00% |
| $ | 73,042,970 | |||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco High Income Trust II |
Investment Abbreviations: | ||
Conv. | – Convertible | |
ETF | – Exchange-Traded Fund | |
EUR | – Euro | |
Pfd. | – Preferred | |
PIK | – Pay-in-Kind | |
REIT | – Real Estate Investment Trust | |
SOFR | – Secured Overnight Financing Rate |
Notes to Schedule of Investments:
(a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
(b) | Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage. |
(c) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2023 was $69,407,489, which represented 95.02% of the Trust’s Net Assets. |
(d) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2023 was $63,826, which represented less than 1% of the Trust’s Net Assets. |
(e) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
(f) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(g) | Perpetual bond with no specified maturity date. |
(h) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(i) | 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. |
(j) | Variable rate senior loan interests are, at present, not readily marketable, not registered under 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. |
(k) | This variable rate interest will settle after November 30, 2023, at which time the interest rate will be determined. |
(l) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(m) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(n) | Restricted security. The value of this security at November 30, 2023 represented less than 1% of the Trust’s Net Assets. |
(o) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Trust owns 5% or more of the outstanding voting securities. The table below shows the Trust’s transactions in, and earnings from, its investments in affiliates for the nine months ended November 30, 2023. |
Value February 28, 2023 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain | Value November 30, 2023 | Dividend Income | |||||||||||||||||||||||||||||
Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | $ | 575,999 | $ | 13,729,463 | $ | (14,056,330 | ) | $ | - | $ | - | $ | 249,132 | $ | 20,752 | ||||||||||||||||||||
Invesco Liquid Assets Portfolio, Institutional Class | 412,760 | 9,806,759 | (10,042,818 | ) | 28 | 134 | 176,863 | 13,728 | |||||||||||||||||||||||||||
Invesco Treasury Portfolio, Institutional Class | 658,284 | 15,690,814 | (16,064,375 | ) | - | - | 284,723 | 21,379 | |||||||||||||||||||||||||||
Investments in Other Affiliates: | |||||||||||||||||||||||||||||||||||
Invesco AT1 Capital Bond UCITS ETF | - | 488,037 | - | 27,225 | - | 515,262 | - | ||||||||||||||||||||||||||||
Total | $ | 1,647,043 | $ | 39,715,073 | $ | (40,163,523 | ) | $ | 27,253 | $ | 134 | $ | 1,225,980 | $ | 55,859 |
(p) | Non-income producing security. |
(q) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(r) | The rate shown is the 7-day SEC standardized yield as of November 30, 2023. |
Open Futures Contracts | ||||||||||||||||||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) | |||||||||||||||
Interest Rate Risk | ||||||||||||||||||||
U.S. Treasury 5 Year Notes | 25 | March-2024 | $2,671,289 | $(1,212) | $(1,212) |
Open Forward Foreign Currency Contracts | ||||||||||||||||||||||
Unrealized | ||||||||||||||||||||||
Settlement | Contract to | Appreciation | ||||||||||||||||||||
Date | Counterparty | Deliver | Receive | (Depreciation) | ||||||||||||||||||
Currency Risk | ||||||||||||||||||||||
02/15/2024 | Deutsche Bank AG | USD | 644,077 | EUR | 600,000 | $ | 11,120 |
See accompanying notes which are an integral part of this schedule.
Invesco High Income Trust II |
Open Forward Foreign Currency Contracts–(continued) | ||||||||||||||||||||||
| ||||||||||||||||||||||
Unrealized | ||||||||||||||||||||||
Settlement | Contract to | Appreciation | ||||||||||||||||||||
Date | Counterparty | Deliver | Receive | (Depreciation) | ||||||||||||||||||
| ||||||||||||||||||||||
02/15/2024 | Morgan Stanley | USD | 731,213 | GBP | 595,000 | $ | 20,360 | |||||||||||||||
| ||||||||||||||||||||||
Subtotal-Appreciation | 31,480 | |||||||||||||||||||||
| ||||||||||||||||||||||
Currency Risk | ||||||||||||||||||||||
| ||||||||||||||||||||||
02/15/2024 | Barclays Capital | USD | 63,250 | GBP | 50,000 | (92) | ||||||||||||||||
| ||||||||||||||||||||||
02/15/2024 | Goldman Sachs & Co. | EUR | 5,343,000 | USD | 5,731,308 | (103,230) | ||||||||||||||||
| ||||||||||||||||||||||
02/15/2024 | Goldman Sachs & Co. | GBP | 812,000 | USD | 999,905 | (25,770) | ||||||||||||||||
| ||||||||||||||||||||||
02/15/2024 | State Street Bank & Trust Co. | USD | 72,664 | EUR | 66,000 | (593) | ||||||||||||||||
| ||||||||||||||||||||||
Subtotal-Depreciation | (129,685) | |||||||||||||||||||||
| ||||||||||||||||||||||
Total Forward Foreign Currency Contracts | $ | (98,205) | ||||||||||||||||||||
|
Open Centrally Cleared Credit Default Swap Agreements(a) | ||||||||||||||||||||||||||||||||||||
(Pay)/ | ||||||||||||||||||||||||||||||||||||
Receive | Implied | Upfront | ||||||||||||||||||||||||||||||||||
Buy/Sell | Fixed | Payment | Credit | Payments Paid | Unrealized | |||||||||||||||||||||||||||||||
Reference Entity | Protection | Rate | Frequency | Maturity Date | Spread(b) | Notional Value | (Received) | Value | Appreciation | |||||||||||||||||||||||||||
Credit Risk | ||||||||||||||||||||||||||||||||||||
Markit CDX North America High Yield Index, Series 41, Version 1 | Buy | (5.00 | )% | Quarterly | 12/20/2028 | 4.054 | % | USD 4,950,000 | $171,898 | $188,132 | $16,234 |
(a) | Centrally cleared swap agreements collateralized by $200,841 cash held with Merrill Lynch International. |
(b) | Implied credit spreads represent the current level, as of November 30, 2023, at which protection could be bought or sold given the terms of the existing credit default swap agreement and serve as an indicator of the current status of the payment/performance risk of the credit default swap agreement. An implied credit spread that has widened or increased since entry into the initial agreement may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit markets generally. |
Abbreviations:
EUR –Euro
GBP –British Pound Sterling
USD –U.S. Dollar
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco High Income Trust II |
Notes to Quarterly Schedule of Portfolio Holdings
November 30, 2023
(Unaudited)
NOTE 1–Additional Valuation Information
Generally Accepted Accounting Principles (“GAAP”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – | Prices are determined using quoted prices in an active market for identical assets. | |||
Level 2 – | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. | |||
Level 3 – | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
The following is a summary of the tiered valuation input levels, as of November 30, 2023. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| ||||||||||||||||
Investments in Securities | ||||||||||||||||
| ||||||||||||||||
U.S. Dollar Denominated Bonds & Notes | $ | – | $ | 84,109,861 | $ | – | $ | 84,109,861 | ||||||||
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Variable Rate Senior Loan Interests | – | 8,683,559 | 896,923 | 9,580,482 | ||||||||||||
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Non-U.S. Dollar Denominated Bonds & Notes | – | 4,662,680 | – | 4,662,680 | ||||||||||||
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Exchange-Traded Funds | 3,163,380 | 515,262 | – | 3,678,642 | ||||||||||||
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Preferred Stocks | – | 510,784 | – | 510,784 | ||||||||||||
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Asset-Backed Securities | – | 221,816 | – | 221,816 | ||||||||||||
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U.S. Treasury Securities | – | 58,800 | – | 58,800 | ||||||||||||
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Money Market Funds | 710,718 | – | – | 710,718 | ||||||||||||
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Total Investments in Securities | 3,874,098 | 98,762,762 | 896,923 | 103,533,783 | ||||||||||||
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Other Investments - Assets* | ||||||||||||||||
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Forward Foreign Currency Contracts | – | 31,480 | – | 31,480 | ||||||||||||
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Swap Agreements | – | 16,234 | – | 16,234 | ||||||||||||
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– | 47,714 | – | 47,714 | |||||||||||||
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Other Investments - Liabilities* | ||||||||||||||||
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Futures Contracts | (1,212 | ) | – | – | (1,212 | ) | ||||||||||
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Forward Foreign Currency Contracts | – | (129,685 | ) | – | (129,685 | ) | ||||||||||
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(1,212 | ) | (129,685 | ) | – | (130,897 | ) | ||||||||||
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Total Other Investments | (1,212 | ) | (81,971 | ) | – | (83,183 | ) | |||||||||
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Total Investments | $ | 3,872,886 | $ | 98,680,791 | $ | 896,923 | $ | 103,450,600 | ||||||||
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* | Unrealized appreciation (depreciation). |
Invesco High Income Trust II |