Invesco High Income Trust II
Invesco High 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 Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. It invests in the fixed income markets. Th… Read more
Invesco High Income Trust II (VLT) - Net Assets
Latest net assets as of August 2025: $72.94 Million USD
Based on the latest financial reports, Invesco High Income Trust II (VLT) has net assets worth $72.94 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 ($104.01 Million) and total liabilities ($31.06 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $72.94 Million |
| % of Total Assets | 70.13% |
| Annual Growth Rate | -3.49% |
| 5-Year Change | -23.55% |
| 10-Year Change | -36.19% |
| Growth Volatility | 8.58 |
Invesco High Income Trust II - Net Assets Trend (2006–2025)
This chart illustrates how Invesco High Income Trust II's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Invesco High Income Trust II (2006–2025)
The table below shows the annual net assets of Invesco High Income Trust II from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $74.44 Million | -0.21% |
| 2024-02-29 | $74.59 Million | -0.86% |
| 2023-02-28 | $75.24 Million | -16.75% |
| 2022-02-28 | $90.38 Million | -7.18% |
| 2021-02-28 | $97.37 Million | +0.37% |
| 2020-02-29 | $97.01 Million | -22.70% |
| 2019-02-28 | $125.50 Million | -3.10% |
| 2018-02-28 | $129.52 Million | -2.47% |
| 2017-02-28 | $132.80 Million | +13.84% |
| 2016-02-29 | $116.65 Million | -16.05% |
| 2015-02-28 | $138.95 Million | -4.31% |
| 2014-02-28 | $145.21 Million | +2.14% |
| 2013-02-28 | $142.17 Million | -0.26% |
| 2008-02-29 | $142.54 Million | -2.77% |
| 2007-02-28 | $146.60 Million | +0.19% |
| 2006-02-28 | $146.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Invesco High Income Trust 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 grown by 3864041700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $102.95 Million | 138.30% |
| Total Equity | $74.44 Million | 100.00% |
Invesco High Income Trust II Competitors by Market Cap
The table below lists competitors of Invesco High Income Trust II ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trinity One Metals Ltd.
PINK:ARJNF
|
$100.13K |
|
Solarius Capital Acquisition Corp. Units
NASDAQ:SOCAU
|
$100.14K |
|
Crown Reserve Acquisition Corp. I Unit
NASDAQ:CRACU
|
$100.20K |
|
BlackRock New York Municipal Income Trust
NYSE:BNY
|
$100.20K |
|
Petro Usa Inc
PINK:PBAJ
|
$100.06K |
|
Amplifon SpA
STU:AXNA
|
$100.06K |
|
Invesco California Value Muni Inc Tr
NYSE:VCV
|
$100.05K |
|
Shenzhen Jinxinnong Feed Co Ltd
SHE:002548
|
$99.94K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Invesco High Income Trust II's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 74,594,409 to 74,439,200, a change of -155,209 (-0.2%).
- Net income of 7,361,720 contributed positively to equity growth.
- Dividend payments of 5,212,433 reduced retained earnings.
- Share repurchases of 2,303,464 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.36 Million | +9.89% |
| Dividends Paid | $5.21 Million | -7.0% |
| Share Repurchases | $2.30 Million | -3.09% |
| Other Changes | $-1.03K | -0.0% |
| Total Change | $- | -0.21% |
Book Value vs Market Value Analysis
This analysis compares Invesco High Income Trust 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: 0.90x
- 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 0.59x to 0.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-02-28 | $17.51 | $10.33 | x |
| 2014-02-28 | $17.88 | $10.33 | x |
| 2015-02-28 | $17.11 | $10.33 | x |
| 2016-02-29 | $14.37 | $10.33 | x |
| 2017-02-28 | $16.36 | $10.33 | x |
| 2018-02-28 | $15.65 | $10.33 | x |
| 2019-02-28 | $15.52 | $10.33 | x |
| 2020-02-29 | $12.42 | $10.33 | x |
| 2021-02-28 | $14.99 | $10.33 | x |
| 2022-02-28 | $13.91 | $10.33 | x |
| 2023-02-28 | $11.58 | $10.33 | x |
| 2024-02-29 | $11.48 | $10.33 | x |
| 2025-02-28 | $11.46 | $10.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Invesco High Income Trust 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): 9.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.37%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.52x
- Recent ROE (9.89%) is above the historical average (4.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.16% | 2.97% | 0.05x | 1.01x | $-14.39 Million |
| 2007 | 6.96% | 63.18% | 0.11x | 1.01x | $-4.45 Million |
| 2008 | 4.10% | 52.92% | 0.08x | 1.02x | $-8.41 Million |
| 2013 | 11.13% | 161.82% | 0.05x | 1.37x | $1.61 Million |
| 2014 | 9.77% | 112.99% | 0.06x | 1.38x | $-328.45K |
| 2015 | 3.05% | 36.13% | 0.06x | 1.39x | $-9.66 Million |
| 2016 | -10.48% | -107.35% | 0.07x | 1.44x | $-23.89 Million |
| 2017 | 19.07% | 231.42% | 0.06x | 1.37x | $12.04 Million |
| 2018 | 3.83% | 48.89% | 0.06x | 1.37x | $-7.99 Million |
| 2019 | 3.80% | 45.61% | 0.06x | 1.40x | $-7.78 Million |
| 2020 | 5.15% | 49.70% | 0.07x | 1.45x | $-4.70 Million |
| 2021 | 8.09% | 104.69% | 0.06x | 1.37x | $-1.86 Million |
| 2022 | 0.56% | 8.20% | 0.05x | 1.34x | $-8.53 Million |
| 2023 | -10.14% | -116.48% | 0.06x | 1.44x | $-15.15 Million |
| 2024 | 9.21% | 90.35% | 0.07x | 1.47x | $-587.94K |
| 2025 | 9.89% | 94.37% | 0.07x | 1.52x | $-82.20K |
Industry Comparison
This section compares Invesco High Income Trust II's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco High Income Trust II (VLT) | $72.94 Million | 0.16% | 0.43x | $100.11K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |