Invesco Advantage Municipal Income Trust II Common Shares of Beneficial Interest (DE)
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Invesco Advantage Municipal Income Trust II Common Shares of Beneficial Interest (DE) (VKI) is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund was formed on August 27, 1993, and is domiciled in the United States. It was formerly known as Invesco Van Kampen Advantage Municipal Income Trust II, and it is known for investing in U.S. municipal securities to generate income.
The fund invests in the fixed income markets of the United States. It primarily holds investment grade municipal securities, which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. These are debt instruments issued by states, cities, and other public entities, and the fund focuses on the higher-quality, investment grade portion of that market.
To build its portfolio, the fund uses fundamental analysis with a bottom-up security selection approach. This means it evaluates individual securities on their own merits when deciding what to hold, rather than starting from broad market themes. The aim of this process is to assemble a portfolio of municipal holdings suited to the fund's income objective.
The fund is co-managed by a group of Invesco affiliates, including Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. As a closed-end fund, it operates with a fixed structure and is part of the Invesco family of investment products. Its activity centers on managing the municipal securities portfolio on behalf of its shareholders within the U.S. fixed income markets.