Invesco Advantage MIT II Net Assets
Invesco Advantage MIT II net assets. Based on the latest financial reports, Invesco Advantage MIT II (VKI) has net assets worth $383.82 Million USD as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($672.18 Million) and total liabilities ($288.36 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset growth rate of Invesco Advantage MIT II to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $383.82 Million |
| % of Total Assets | 57.1% |
| Annual Growth Rate | -5.07% |
| 5-Year Change | -20.45% |
| 10-Year Change | -24.51% |
| Growth Volatility | 11.88 |
Net Assets of Invesco Advantage MIT II (2007–2025)
Net assets of Invesco Advantage MIT II from 2007 to 2025. This chart illustrates how Invesco Advantage MIT II's net assets have evolved over time, based on quarterly financial data. See Invesco Advantage MIT II balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Invesco Advantage MIT II (2007–2025)
The table below shows the annual net assets of Invesco Advantage MIT II from 2007 to 2025. For live market cap and overall valuation, see market cap of Invesco Advantage MIT II.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $425.37 Million | -2.87% |
| 2024-02-29 | $437.95 Million | +4.04% |
| 2023-02-28 | $420.95 Million | -16.93% |
| 2022-02-28 | $506.77 Million | -5.23% |
| 2021-02-28 | $534.75 Million | -3.28% |
| 2020-02-29 | $552.87 Million | +7.85% |
| 2019-02-28 | $512.61 Million | -2.19% |
| 2018-02-28 | $524.07 Million | -1.83% |
| 2017-02-28 | $533.81 Million | -5.27% |
| 2016-02-29 | $563.50 Million | -0.61% |
| 2015-02-28 | $566.95 Million | +6.30% |
| 2014-02-28 | $533.37 Million | -8.04% |
| 2013-02-28 | $579.98 Million | +2.69% |
| 2012-02-29 | $564.76 Million | +14.99% |
| 2011-02-28 | $491.12 Million | -34.24% |
| 2009-02-28 | $746.87 Million | -27.76% |
| 2008-02-29 | $1.03 Billion | -4.73% |
| 2007-02-28 | $1.09 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Invesco Advantage MIT II's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 192.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Invesco Advantage MIT II Net Assets Breakdown (February 2025)
Invesco Advantage MIT II net assets breakdown by equity component as of February 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $487.48 Million | 114.60% |
| Total Equity | $425.37 Million | 100.00% |
Invesco Advantage MIT II Competitors by Market Cap
The table below lists competitors of Invesco Advantage MIT II ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pet Center Comércio e Participações S.A.
SA:PETZ3
|
$388.61 Million |
|
Park Ohio Holdings Corp
NASDAQ:PKOH
|
$388.63 Million |
|
Grupo Rotoplas SAB de CV
MX:AGUA
|
$388.67 Million |
|
Shandong Yuma Sun-shading Technology Corp. Ltd.
SHE:300993
|
$388.67 Million |
|
Chang Lan Electric Technology Co Ltd
SHE:002879
|
$388.54 Million |
|
Yung Chi Paint & Varnish Mfg Co Ltd
TW:1726
|
$388.41 Million |
|
AirAsia X Bhd
KLSE:5238
|
$388.15 Million |
|
THARISA NON LIST. DL-001
F:7YZ
|
$388.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Invesco Advantage MIT II's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 437,951,556 to 425,366,052, a change of -12,585,504 (-2.9%).
- Net income of 14,404,475 contributed positively to equity growth.
- Dividend payments of 16,572,545 reduced retained earnings.
- Share repurchases of 42,712,916 reduced equity.
- Other factors increased equity by 32,295,482.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.40 Million | +3.39% |
| Dividends Paid | $16.57 Million | -3.9% |
| Share Repurchases | $42.71 Million | -10.04% |
| Other Changes | $32.30 Million | +7.59% |
| Total Change | $- | -2.87% |
Book Value vs Market Value Analysis
This analysis compares Invesco Advantage MIT II's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.79x to 0.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-02-28 | $11.10 | $8.75 | x |
| 2012-02-29 | $12.74 | $8.75 | x |
| 2013-02-28 | $13.10 | $8.75 | x |
| 2014-02-28 | $12.19 | $8.75 | x |
| 2015-02-28 | $12.70 | $8.75 | x |
| 2016-02-29 | $12.84 | $8.75 | x |
| 2017-02-28 | $12.99 | $8.75 | x |
| 2018-02-28 | $11.89 | $8.75 | x |
| 2019-02-28 | $11.61 | $8.75 | x |
| 2020-02-29 | $12.45 | $8.75 | x |
| 2021-02-28 | $12.05 | $8.75 | x |
| 2022-02-28 | $11.41 | $8.75 | x |
| 2023-02-28 | $9.48 | $8.75 | x |
| 2024-02-29 | $9.86 | $8.75 | x |
| 2025-02-28 | $9.58 | $8.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Invesco Advantage MIT II utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 49.08%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.55x
- Recent ROE (3.39%) is above the historical average (3.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 4.45% | 87.29% | 0.05x | 1.11x | $-60.19 Million |
| 2008 | 0.05% | 0.85% | 0.05x | 1.22x | $-102.86 Million |
| 2009 | -20.15% | -241.07% | 0.07x | 1.25x | $-225.20 Million |
| 2011 | 15.11% | 99.05% | 0.09x | 1.78x | $25.08 Million |
| 2012 | 19.91% | 99.06% | 0.12x | 1.69x | $55.97 Million |
| 2013 | 9.16% | 98.59% | 0.06x | 1.66x | $-4.89 Million |
| 2014 | -2.21% | 0.00% | -0.01x | 1.71x | $-65.15 Million |
| 2015 | 11.97% | 99.24% | 0.07x | 1.68x | $11.17 Million |
| 2016 | 5.53% | 98.29% | 0.03x | 1.70x | $-25.18 Million |
| 2017 | 0.38% | 84.44% | 0.00x | 1.75x | $-51.33 Million |
| 2018 | 3.70% | 96.95% | 0.02x | 1.72x | $-33.01 Million |
| 2019 | 3.01% | 97.40% | 0.02x | 1.69x | $-35.81 Million |
| 2020 | 11.60% | 99.24% | 0.07x | 1.67x | $8.85 Million |
| 2021 | 1.13% | 96.19% | 0.01x | 1.65x | $-47.43 Million |
| 2022 | -0.50% | 0.00% | 0.00x | 1.68x | $-53.19 Million |
| 2023 | -15.16% | 0.00% | -0.09x | 1.70x | $-105.92 Million |
| 2024 | 7.78% | 74.29% | 0.07x | 1.60x | $-9.73 Million |
| 2025 | 3.39% | 49.08% | 0.04x | 1.55x | $-28.13 Million |
Industry Comparison
This section compares Invesco Advantage MIT II's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $480,061,868
- Average return on equity (ROE) among peers: -14.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco Advantage MIT II (VKI) | $383.82 Million | 4.45% | 0.75x | $388.55 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $3.12 Billion |
| AllianceBernstein Holding L.P. (AB) | $214.00 Million | 32.52% | 1.62x | $3.19 Billion |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $60.56 Million | -17.39% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $339.06 Million | 10.60% | 0.53x | $69.65 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $12.33 Million | -46.28% | 0.02x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $253.09 Million |
| Amber International Holding Limited (AMBR) | $106.64 Million | -30.39% | 0.94x | $164.48 Million |
| Affiliated Managers Group, Inc. (AMG) | $2.79 Billion | 4.96% | 0.89x | $9.76 Billion |
About Invesco Advantage MIT II
Invesco Advantage Municipal Income Trust II is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by 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. It invests in the fixed inc… Read more