Invesco High Income Trust II

Fixed Income | US Fixed Income

Objective

The Trust’s investment objective is to provide high current income, while seeking to preserve shareholders’ capital through investment in a professionally managed diversified portfolio of income producing, fixed income securities. A diversified portfolio composed of fixed-income securities primarily rated below investment grade (those rated between BB and C or the equivalent, if unrated by S&P).

Management team

as of 10/31/2019 09/30/2019

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)*
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 04/28/1989 N/A 5.96 13.72 9.22 6.41 5.80 8.96
Market 04/28/1989 N/A 5.75 23.55 16.73 8.27 6.56 9.33
NAV 04/28/1989 N/A 5.97 13.71 6.63 6.37 6.12 9.18
Market 04/28/1989 N/A 5.71 21.38 13.47 7.13 6.51 9.00

* Returns are cumulative for funds with less than one year of performance.

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Funds are subject to market risk, investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost.

as of 10/31/2019 09/30/2019

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)*
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 04/28/1989 N/A 5.96 13.72 9.22 6.41 5.80 8.96
Market 04/28/1989 N/A 5.75 23.55 16.73 8.27 6.56 9.33
NAV 04/28/1989 N/A 5.97 13.71 6.63 6.37 6.12 9.18
Market 04/28/1989 N/A 5.71 21.38 13.47 7.13 6.51 9.00

* Returns are cumulative for funds with less than one year of performance.

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Funds are subject to market risk, investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost.

Historical Prices

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Distributions

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    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
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as of 10/31/2019

Fund Characteristics

3-Year Standard Deviation 5.60
Number of Securities 355
Total Assets $124,724,040.00

 Risk & Other Considerations

Fund characteristics are subject to change daily. Provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned or securities in the sectors shown above.

This data is provided for informational purposes only and is not intended for trading or selling purposes. Closed end funds, unlike open end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed end funds are sold in the open market.

There is no assurance that a closed end fund will achieve its investment objective. Like any stock, a closed end fund's share price will fluctuate with market conditions and other factors. At the time of sale, your shares may have a market price that is above or below net asset value, and may be worth more or less than your original investment. Accordingly, it is possible to lose money investing in the Trust.

These funds are subject to credit and interest-rate risk. Credit risk refers to the ability of an issuer to make timely payments of interest and principal. Investments in securities rated below investment grade present greater risk of loss to principal and interest than investment in higher-quality securities. Interest-rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. In a declining interest-rate environment, the portfolio may generate less income. In a rising interest-rate environment, bond prices fall. Should the funds employ leverage, the portfolios may experience increased volatility.

Invesco High Income Trust II has adopted a Managed Distribution Plan (the "Plan") whereby the fund will increase its monthly dividend to common shareholders to a stated fixed monthly distribution amount based on a distribution rate of 8.5 percent of the closing market price per share as of August 1, 2018, the effective date of the Plan. The Plan is intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from the Trust, regardless of when or whether income is earned or capital gains are realized. If sufficient investment income is not available for a monthly distribution, the Trust will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level under the Plan. A return of capital may occur, for example, when some or all of the money that shareholders invested in the Trust is paid back to them. A return of capital distribution does not necessarily reflect the Trust’s investment performance and should not be confused with "yield" or "income." No conclusions should be drawn about the Trust's investment performance from the amount of the Trust’s distributions or from the terms of the Plan. The Plan will be subject to periodic review by the Board, and the Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Trust’s shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Trust’s common shares.

The fund will provide its shareholders of record on each distribution record date with a Section 19 Notice disclosing the sources of its dividend payment when a distribution includes anything other than net investment income. The amounts and sources of distributions reported in Section 19 Notices are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Trust's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Trust will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.