Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) is a closed-end management investment company that seeks to provide its shareholders with high current income that is exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and other state and local government obligations. By focusing on tax-exempt instruments, VKI aims to deliver attractive risk-adjusted returns for investors in higher tax brackets.
The trust maintains an investment strategy centered on credit research and duration management, seeking opportunities across various sectors such as transportation, utilities, education and healthcare. Portfolio managers may employ interest rate hedging techniques and limited use of exchange-traded derivatives to manage yield curve exposure and enhance risk controls. Geographic concentration is generally diversified among U.S. states and municipalities, with occasional overweight positions in regions presenting favorable credit fundamentals or relative value opportunities.
Inception of the trust dates back to July 2010, when it was launched as part of the Invesco Advantage series to leverage the scale and resources of Invesco’s municipal research platform. Since that time, VKI has sought to build a resilient portfolio, adapting to changing market conditions while adhering to its core mandate of delivering tax-exempt income. The trust benefits from Invesco’s global fixed income infrastructure, extensive credit analytics and trading capabilities.
Governance is provided by an independent board of trustees, and day-to-day portfolio management is conducted by a team of seasoned municipal bond specialists at Invesco Advisers, Inc. These professionals bring multi-decade combined experience in municipal credit analysis, portfolio construction and risk management. VKI offers investors access to a professionally managed, closed-end vehicle designed to meet the needs of those seeking consistent, tax-efficient income within a diversified municipal bond portfolio.
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