Invesco Euro CLO II DAC: 21 July 2019

A securitisation of mainly senior secured obligations, which will also feature a component of senior unsecured, mezzanine and second-lien loans. The portfolio will be managed by Invesco European RR L.P.

Concentration limits (include): Secured senior loans or bonds and eligible investments – 90% min; Unsecured senior loans, second lien loans, mezzanine obligations and high yield bonds – 10% max; Fixed-rate assets – 10% max; Cov-lite loans – 30% max; collateral obligations of the 10 largest obligors – 20% max; non-euro obligations – 20% max; Corporate rescue loans – 5% max; Bridge Loans – 5% max; PIK securities – 5% max; Structured finance security, Step-up coupon security, Emerging market obligors, Letter of credit – all prohibited.

The CLO features a 4.5-year reinvestment period.