CEF Advisors

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Invesco Advantage Municipal Income Trust II (VKI)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Nov. 14, 2019
Current
Market Price $11.04 (- $0.02)
NAV (Nov. 14, 2019) $11.91 (+ $0.02)
Premium / Discount -7.30% (-0.32%)
Fund Info
Inception Aug. 27, 1993
Sponsor Invesco Advisers
Website https://www.invesco.co...
Phone (800) 959-4246
NAV Symbol XVKIX
Objective: High current income exempt from federal income tax; investment grade municipal securities
Related Indexes
National Municipal Bond Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 44,391,551
Total Assets (Reported: Aug. 31, 2019) $894M
Estimated Total Assets $704M
Net Assets $529M
Market Cap $490M
Purchases Turnover 12.45%
Sales Turnover 14.87%
Total Leverage 40.00%
Structural Leverage (out of total) 62.28%
Portfolio Leverage (out of total) 37.73%
Expense Ratio 2.68%
Non Lev Exp Ratio 1.03%
Rel Lev Cost 2.50%
Discount Data
Average Discount (3 Yr) -7.79%
Discount Low(3 Yr) -13.95%
Discount High(3 Yr) -2.78%
Discount Rel Range 59.49%
Comp Discount -3.64
Discount St Dev (1Yr) 2.03
Z-Stat
Z-Stat (6mo) -0.07
Z-Stat (1Yr) 0.52
Z-Stat (3Yr) 0.23
Comp Z-Stat (6mo) -0.70
Comp Z-Stat (3Yr) -0.35
Distribution Data
Market Yield 4.89%
Income Yield 4.40%
Lev Adj NAV Yield 3.24%
Distribution Frequency M
Current Distribution $0.045
Current Income $0.041
Ex-Date 11/12/19
Payable Date 11/29/19
Div Growth (3yr) -17.73%
Dividend Change -8.7% on 3/1/19
Expected Div 12/2/19
RoC (1yr) 4.83%
RoC (3yr) 1.46%
Tax Dividend Data 2018
Income 0%
ST Gains 0%
QDI 0%
LT Gains 0%
RoC 1.7%
Volume & Liquidity
Average Daily $ (M) $840
Avg Volume 30 day 73,223
Avg Volume 90 day 76,072
Volume Trend -3.75%
Comp Volume Trend 0.75%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
-6.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
19.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
89.0%
Most Correlated Peer (Mk Pr): VKQ 89.0%
NAV - Price Correlation (30 d) 28.8%
NAV - Price Correlation (90 d) 90.0%
NAV - Price Correlation (1 Yr) 93.1%
Price St Dev (1Yr) 8.0%
NAV St Dev (1Yr) 2.7%
Earnings
Earnings / Share (9/30/19) $0.041
Earn Coverage 90.00%
Earnings Trend Down
UNII / Share (9/30/19) $-0.059
Rel UNII -12.06
UNII Trend Down
Bond Specific Data
Maturity 16.93
Duration 6.75
Credit Rating (rbo) A
Investment Grade 83.13%
Non Investment Grade 6.47%
Unrated Bonds 10.61%
Average Bond Price 113.47
Discount vs Price 6.17
Coupon 5.06%
Zero Coupon 5.25%
AMT 15.59%
AMT Yield 4.68%
Bond Calls Risk 5.45%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.05
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
-0.04
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.70

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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