# Invesco High Income Trust II (VLT): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vlt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Bond - Strategy: Actively Managed · Inception: 1989-04-21 Invesco High Income Trust II functions as a closed-end investment vehicle, focusing specifically on debt instruments. Launched by Invesco Ltd., its management is a collaborative effort involving several of its global subsidiaries: Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. The fund's investment strategy concentrates on fixed income markets, aiming for securities that Standard & Poor's has rated between... ## Key Facts | Metric | Value | |---|---| | Price | $8.91 | | Expense Ratio | 3.45% | | Market Value | $57.9M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 12.37% | | Annual Distribution (TTM) | $1.10 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.70 – $11.34 | | Beta | 0.73 | ## Latest Distribution - Amount: $0.0895 /share - Ex-date: 2026-10-14 - Pay date: 2026-10-30 ## Frequently Asked Questions ### What does VLT invest in? Invesco High Income Trust II functions as a closed-end investment vehicle, focusing specifically on debt instruments. Launched by Invesco Ltd., its management is a collaborative effort involving several of its global subsidiaries: Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. The fund's investment strategy concentrates on fixed income markets, aiming for securities that Standard & Poor's has rated between BB and C. It strives to maintain an average duration for its portfolio of approximately three to four years. To assess its performance, the fund uses the Barclays U.S. Corporate High Yield 2% Issuer Cap Index as its benchmark. Formed in the United States on April 28, 1989, this trust was previously known as Invesco Van Kampen High Income Trust II. ### What is the expense ratio of VLT? Invesco High Income Trust II (VLT) charges an expense ratio of 3.45%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VLT's dividend yield? VLT's trailing-twelve-month yield is 12.37%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VLT? Effective duration measures VLT's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VLT's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VLT? VLT's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of VLT? Yield to maturity (YTM) is the total return you'd earn from VLT if every bond in the portfolio is held to maturity at the current price. VLT's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does VLT pay a dividend? Yes, Invesco High Income Trust II (VLT) distributes dividends to shareholders. The trailing-twelve-month yield is 12.37%. Full dividend history is on this page. ### How often does VLT pay dividends? Invesco High Income Trust II pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VLT's next ex-dividend date? The most recently announced ex-dividend date for VLT was 2026-10-14. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will VLT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.45% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VLT charge its expense ratio? The expense ratio is deducted in tiny daily slices from VLT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VLT cost more than a fund like VOO? VLT is actively managed (current expense ratio 3.45%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VLT's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VLT? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as VLT (3.45%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vlt - Distribution history: https://www.dividenddata.com/funds/vlt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vlt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vlt/expenses - Peer comparison: https://www.dividenddata.com/funds/vlt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.