INVESCO CLOSED-END FUND MONTHLY INFORMATION

Transcription

1 INVESCO CLOSED-END FUND MONTHLY INFORMATION 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. Credit quality and credit allocation are shown as a percentage of total net assets. Sectors are shown as a percentage of long-term investments. Securities are classified by sectors that represent broad groupings of related industries. Credit quality allocations based upon ratings as issued by Standard and Poor s and Moody s, respectively. This data is provided for informational purposes only and is not intended for trading 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. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. NR indicates the debtor was not rated, and should not be interpreted as indicating low quality. For more information on Moody s rating methodology, please visit and select Rating Methodologies under Research and Ratings on the homepage. Invesco Distributors, Inc. Copyright 2015 Invesco Distributors, Inc. All rights reserved. US14144

2 Earning Per Share Actual * *The earnings per common share is calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. Fund Invesco Advantage Municipal Income Trust II Invesco Advantage Municipal Income Trust II (three month smoothed) Invesco Bond Fund Invesco Bond Fund (three month smoothed) Invesco Cal Value Muni Income Trust Invesco Cal Value Muni Income Trust (three month smoothed) Invesco Dynamic Credit Opportunities Invesco Dynamic Credit Opportunities (three month smoothed) Invesco High Income Trust II Invesco High Income Trust II (three month smoothed) Invesco Municipal Opportunity Trust Invesco Municipal Opportunity Trust (three month smoothed) Invesco Municipal Trust Invesco Municipal Trust (three month smoothed) Invesco Penn Value Municipal Income Trust Invesco Penn Value Municipal Income Trust (three month smoothed) Invesco Senior Income Trust Invesco Senior Income Trust (three month smoothed) Invesco Trust for Investment Grade Muni Invesco Trust for Investment Grade Muni (three month smoothed) Invesco Trust for Investment Grade NY Invesco Trust for Investment Grade NY (three month smoothed) Invesco Value Municipal Income Trust Invesco Value Municipal Income Trust (three month smoothed) Invesco Municipal Income Opportunities Trust I Invesco Municipal Income Opportunities Trust I (three month smoothed) Invesco Quality Municipal Income Trust Invesco Quality Municipal Income Trust (three month smoothed) VKI VKI VBF VBF VCV VCV VTA VTA VLT VLT VMO VMO VKQ VKQ VPV VPV VVR VVR VGM VGM VTN VTN IIM IIM OIA OIA IQI IQI Oct

3 Undistributed Net Investment Income Actual * *The undistributed net investment income balance per common share is calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. Fund Invesco Advantage Municipal Income Trust II Invesco Advantage Municipal Income Trust II (three month smoothed) Invesco Bond Fund Invesco Bond Fund (three month smoothed) Invesco Cal Value Muni Income Trust Invesco Cal Value Muni Income Trust (three month smoothed) Invesco Dynamic Credit Opportunities Invesco Dynamic Credit Opportunities (three month smoothed) Invesco High Income Trust II Invesco High Income Trust II (three month smoothed) Invesco Municipal Opportunity Trust Invesco Municipal Opportunity Trust (three month smoothed) Invesco Municipal Trust Invesco Municipal Trust (three month smoothed) Invesco Penn Value Municipal Income Trust Invesco Penn Value Municipal Income Trust (three month smoothed) Invesco Senior Income Trust Invesco Senior Income Trust (three month smoothed) Invesco Trust for Investment Grade Muni Invesco Trust for Investment Grade Muni (three month smoothed) Invesco Trust for Investment Grade NY Invesco Trust for Investment Grade NY (three month smoothed) Invesco Value Municipal Income Trust Invesco Value Municipal Income Trust (three month smoothed) Invesco Municipal Income Opportunities Trust I Invesco Municipal Income Opportunities Trust I (three month smoothed) Invesco Quality Municipal Income Trust Invesco Quality Municipal Income Trust (three month smoothed) VKI VKI VBF VBF VCV VCV VTA VTA VLT VLT VMO VMO VKQ VKQ VPV VPV VVR VVR VGM VGM VTN VTN IIM IIM OIA OIA IQI IQI Oct

4 Invesco Advantage Municipal Income Trust II Ticker: VKI Inception Date: Objective: A high level of current income exempt from federal income tax, consistent with preservation of capital. Fund Investments: A diversified portfolio composed substantially of investment grade tax-exempt municipal securities. WAM AMT Bonds Duration (Modified) 5.53 Duration (Option Adjusted) 8.28 Leverage Adjusted OAD Avg. Coupon 5.76 Avg. Market Price Yield Total Assets ($MM)** Preferred Assets ($MM) TOB Assets ($MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 8.26 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 0.76% AA/Aa 21.75% A/A 41.45% BBB/Baa 24.90% BB/Ba 2.23% B/B 2.75% Not Rated 6.16% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. California 13.6 Texas Illinois Florida 5.99 New York 6.48 Airport 6.60 Appropriation 3.82 Cash City 0.16 Dedicated Tax 7.91 Higher Education 4.75 Hospital IDR / PCR Incremental Tax 0.28 Life Care 3.08 Local GO 2.65 Multi-Family 0.13 Nursing Home 0.62 Other Revenue 2.34 Other Transportation 1.24 Other Utility 3.26 Port 1.05 Prerefunded/ETM 8.26 Public Power 2.79 Resource Recovery 1.60 Single-Family 0.80 State GO 3.80 Tobacco 4.81 Tollroad 6.04 Water / Sewer 6.04 Next Call Date NonCallable 22.2

5 Invesco Municipal Opportunity Trust Ticker: VMO Inception Date: Objective: A high level of income exempt from federal income tax, consistent with preservation of capital. Fund Investments: A diversified portfolio composed substantially of investment-grade municipal securities. WAM AMT Bonds 9.06 Duration (Modified) 5.44 Duration (Option Adjusted) 8.34 Leverage Adjusted OAD 11.6 Avg. Coupon 5.94 Avg. Market Price Yield Total Assets ($MM)** Preferred Assets ($MM) TOB Assets ($MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 8.10 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 0.50% AA/Aa 24.79% A/A 39.59% BBB/Baa 23.93% BB/Ba 2.18% B/B 3.13% Not Rated 5.87% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. Texas California Illinois New York 8.1 Florida 7.09 Airport 6.34 Appropriation 2.67 Cash City 0.2 Dedicated Tax 7 Higher Education 5.38 Hospital IDR / PCR Incremental Tax 0.55 Life Care 2.51 Local GO 3.73 Multi-Family 0.1 Municipals 0.15 Nursing Home 0.32 Other Revenue 5.61 Other Transportation 1.56 Other Utility 3.77 Port 0.94 Prerefunded/ETM 8.1 Public Power 3.83 Resource Recovery 0.9 Single-Family 0.67 State GO 3.76 Tobacco 4.83 Tollroad 6.41 Water / Sewer 6.54 Next Call Date (%) NonCallable 17.81

6 Invesco Municipal Trust Ticker: VKQ Inception Date: Objective: A high level of current income exempt from federal income tax, consistent with preservation of capital. Fund Investments: A diversified portfolio composed substantially of investment grade municipal securities. WAM AMT Bonds 9.48 Duration (Modified) 5.69 Duration (Option Adjusted) 8.45 Leverage Adjusted OAD Avg. Coupon 5.91 Avg. Market Price Yield Total Assets ($MM)** Preferred Assets ($MM) TOB Assets ($MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 7.88 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the monthend balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 1.14% AA/Aa 22.57% A/A 38.67% BBB/Baa 24.36% BB/Ba 2.65% B/B 2.75% Not Rated 7.86% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. California 8.02 Texas 9.22 Illinois New Jersey Ohio Airport 4.21 Appropriation 3.21 Cash City 0.13 Dedicated Tax 8.54 Higher Education 6.33 Hospital IDR / PCR 9.55 Incremental Tax 0.69 Life Care 3.75 Local GO 3.5 Multi-Family 0.44 Nursing Home 0.58 Other Revenue 6.22 Other Transportation 1.66 Other Utility 3.65 Port 0.88 Prerefunded/ETM 7.88 Public Power 2.41 Resource Recovery 2.02 Student Loan 0.43 Single-Family 0.55 State GO 3.14 Tobacco 4.68 Tollroad 6.74 Water / Sewer 4.69 Next Call Date (%) NonCallable 20.27

7 Invesco Trust For Investment Grade Municipals Ticker: VGM Inception Date: Objective: A high level of income exempt from federal income tax, consistent with preservation of capital. Fund Investments: A diversified portfolio composed substantially of investment grade municipal securities. WAM AMT Bonds Duration (Modified) 5.45 Duration (Option Adjusted) 8.38 Leverage Adjusted OAD Avg. Coupon 6.15 Avg. Market Price Yield Total Assets ($MM)** Preferred Assets ($MM) TOB Assets ($MM) Leverage (%)** Earnings* UNII Balance* Prerefunded *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 0.99% AA/Aa 23.17% A/A 39.26% BBB/Baa 24.61% BB/Ba 2.36% B/B 2.76% Not Rated 6.84% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. Florida 7.41 California Texas New York 8.98 Illinois Airport 4.37 Appropriation 1.54 Cash City 0.2 Dedicated Tax 7.3 Higher Education 5.54 Hospital IDR / PCR 11.3 Incremental Tax 0.95 Life Care 3.12 Local GO 2.32 Multi-Family 0.47 Nursing Home 0.16 Other Revenue 5.32 Other Transportation 2.64 Other Utility 3.13 Port 0.31 Prerefunded/ETM Public Power 2.74 Resource Recovery 1.29 Single-Family 0.8 State GO 4.09 Tobacco 4.88 Tollroad 5.88 Water / Sewer 6.79 Next Call Date (%) NonCallable 18.4

8 Invesco California Value Municipal Income Trust Ticker: VCV Inception Date: Objective: A high level of income exempt from federal and California income taxes, consistent with preservation of capital. Fund Investments: A diversified portfolio composed substantially of investment grade California municipal securities. WAM AMT Bonds 4.64 Duration (Modified) 6.30 Duration (Option Adjusted) 9.14 Leverage Adjusted OAD Avg. Coupon 5.19 Avg. Market Price Yield Total Assets ($MM)** Preferred Assets ($MM) TOB Assets ($MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 6.11 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 0.68% AA/Aa 38.46% A/A 32.15% BBB/Baa 13.58% BB/Ba 2.04% B/B 3.76% Not Rated 8.66% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. California Puerto Rico 0.67 Virgin Islands 1.33 Guam 2.65 Airport 5.8 Appropriation 6.06 Cash Dedicated Tax Higher Education 9.18 Hospital IDR / PCR 3.05 Incremental Tax 2.33 Life Care 1.02 Local GO Multi-Family 1.2 Other Revenue 2.65 Other Utility 0.66 Port 1.12 Prerefunded/ETM 6.11 Public Power 5.24 Resource Recovery 0.02 Single-Family 0.5 State GO 7.23 Student Loan 0.33 Tobacco 3.69 Tollroad 1.88 Water / Sewer 7.54 Next Call Date (%) NonCallable 13.47

9 Invesco Trust For Investment Grade New York Municipals Ticker: VTN Inception Date: Objective: A high level of income exempt from federal as well as New York state and New York City income taxes, consistent with preservation of capital. Fund Investments: A nondiversified portfolio composed substantially of investment grade New York municipal securities. WAM AMT Bonds 9.43 Duration (Modified) 5.97 Duration (Option Adjusted) 8.52 Leverage Adjusted OAD Avg. Coupon 5.81 Avg. Market Price Yield Total Assets ($MM)** Preferred Assets ($MM) TOB Assets ($MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 4.66 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 5.25% AA/Aa 36.10% A/A 22.64% BBB/Baa 23.12% BB/Ba 4.00% B/B 2.37% Not Rated 6.13% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. New York Virgin Islands 1.33 Puerto Rico 0.38 Guam 3.3 Airport 2.18 Appropriation 4.69 Cash Dedicated Tax Higher Education Hospital 7.05 IDR / PCR Incremental Tax 0.15 Life Care 2.02 Local GO 5.35 Municipals 0.26 Other Revenue 6.56 Other Transportation 2.73 Other Utility 1.02 Port 1.81 Prerefunded/ETM 4.66 Public Power 1.94 Resource Recovery 0.71 State GO 0.38 Tobacco 3.41 Tollroad 1.2 Water / Sewer 2.27 Next Call Date (%) NonCallable 14.39

10 Invesco Pennsylvania Value Municipal Income Trust Ticker: VPV Inception Date: Objective: A high level of income exempt from federal and Pennsylvania income tax and, where possible under local law, local income and personal property taxes, consistent with preservation of capital. Fund Investments: A nondiversified portfolio composed substantially of investment grade Pennsylvania municipal securities. WAM AMT Bonds 9.83 Duration (Modified) 4.83 Duration (Option Adjusted) 8.05 Leverage Adjusted OAD Avg. Coupon 5.75 Avg. Market Price Yield Total Assets ($MM)** Preferred Assets ($MM) TOB Assets ($MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 6.15 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 0.00% AA/Aa 16.44% A/A 45.16% BBB/Baa 24.49% BB/Ba 5.01% B/B 0.45% Not Rated 8.07% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. Pennsylvania Virgin Islands 1.59 Guam 3.37 Puerto Rico 0.39 Airport 3.17 Appropriation 1.7 Cash 0.1 Dedicated Tax 4.58 Higher Education Hospital IDR / PCR 5.63 Incremental Tax 0.1 Life Care 5.08 Local GO 7.28 Multi-Family 0.29 Other Revenue 3.84 Other Transportation 3.33 Other Utility 4.22 Port 1.31 Prerefunded/ETM 6.15 Public Power 0.69 Resource Recovery 0.25 State GO 1.94 Tollroad 5.62 Water / Sewer 4.91 Next Call Date (%) NonCallable 12.34

11 Invesco Value Municipal Income Trust Ticker: IIM Inception Date: 02/26/1993 Objective: The Trust s investment objective is to provide current income which is exempt from federal income tax. Fund Investments: A diversified portfolio composed substantially of investment-grade municipal securities. WAM AMT Bonds 7.05 Duration (Modified) 6.92 Duration (Option Adjusted) 9.85 Leverage Adjusted OAD Avg. Coupon 5.21 Avg. Market Price Yield Total Assets (MM)** Preferred Assets (MM) TOB Assets (MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 7.72 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 2.42% AA/Aa 32.00% A/A 36.14% BBB/Baa 21.02% BB/Ba 1.05% B/B 3.14% Not Rated 4.22% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. California Florida 7.64 Illinois New York 7.35 Texas Airport 3.37 Appropriation 2.65 Cash Dedicated Tax 7.94 Higher Education 7.23 Hospital IDR / PCR Incremental Tax 0.94 Life Care 1.92 Local GO 9.15 Other Revenue 4.39 Other Transportation 2.30 Other Utility 3.77 Port 1.69 Prerefunded/ETM 7.73 Public Power 3.10 Resource Recovery 0.70 State GO 4.90 Tobacco 5.09 Tollroad 5.96 Water / Sewer 5.28 Next Call Date NonCallable L/T Credit Enhancements NPFG 10.12% AGMC 15.49% AMBAC 2.91% AGC 8.55% BHAC 2.81% FGIC 0.61%

12 Invesco Quality Municipal Income Trust Ticker: IQI Inception Date: 09/29/1992 Objective: The Trust s investment objective is to provide current income which is exempt from federal income tax. Fund Investments: A diversified portfolio composed substantially of investment grade tax-exempt municipal securities. WAM AMT Bonds 8.15 Duration (Modified) 6.41 Duration (Option Adjusted) 9.23 Leverage Adjusted OAD Avg. Coupon 5.16 Avg. Market Price Yield Total Assets (MM)** Preferred Assets (MM) TOB Assets (MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 2.49 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 2.10% AA/Aa 28.95% A/A 35.21% BBB/Baa 25.07% BB/Ba 1.98% B/B 2.74% Not Rated 3.95% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. California Florida 9.04 Illinois New York 7.02 Texas Airport 5.38 Appropriation 3.12 Cash Dedicated Tax 8.38 Higher Education 5.90 Hospital IDR / PCR Incremental Tax 0.52 Life Care 2.60 Local GO 9.00 Other Revenue 3.38 Other Transportation 3.32 Other Utility 4.08 Port 0.31 Prerefunded/ETM 2.49 Public Power 1.70 Resource Recovery 0.71 State GO 3.87 Tobacco 4.75 Tollroad 6.21 Water / Sewer 4.97 Next Call Date NonCallable L/T Credit Enhancements NPFG 4.14% AGMC 6.11% AMBAC 1.28% AGC 3.98% BHAC 0.86%

13 Invesco Municipal Income Opportunities Trust Ticker: OIA Inception Date: 09/19/1988 Objective: A high level of current income exempt from federal income tax, consistent with preservation of capital. Fund Investments: A diversified portfolio composed substantially of investment grade tax-exempt municipal securities. WAM AMT Bonds 9.06 Duration (Modified) 6.79 Duration (Option Adjusted) 9.47 Leverage Adjusted OAD 9.47 Avg. Coupon 4.41 Avg. Market Price Yield Total Assets (MM)** Preferred Assets (MM) 0.00 TOB Assets (MM) Leverage (%)** Earnings* UNII Balance* Prerefunded 6.43 *The undistributed net investment income balance per common share and the earnings per common share are calculated using the monthend balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. AAA/Aaa 0.66% AA/Aa 10.93% A/A 4.38% BBB/Baa 15.41% BB/Ba 10.90% B/B 8.24% Not Rated 47.77% **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. California Florida 8 Illinois 12 New York 6.35 Texas 8.62 Airport 0.42 Appropriation 0.64 Cash Dedicated Tax Higher Education Hospital 8.47 IDR / PCR 7.02 Incremental Tax 5.69 Life Care Local GO 3.76 Multi-Family 1.55 Municipals 0.28 Nursing Home 0.76 Other Revenue 2.78 Other Transportation 0.40 Other Utility 0.34 Prerefunded/ETM 6.43 State GO 1.26 Tobacco 7.66 Tollroad 3.90 Water / Sewer 1.94 Next Call Date NonCallable L/T Credit Enhancements AGMC 0.97% AMBAC 0.32% BHAC 0.37% ACA 0.37%

14 Invesco Bond Fund Ticker: VBF Inception Date: Objective: The Fund's investment objective is to seek interest income while conserving capital. Fund Investments: The majority of the Fund's assets will be invested in high-quality debt securities. Market Value (mm) 221 Weighted Average Life (Years) Effective Duration (Years) 7.39 Number of Issues 502 Earnings* UNII Balance* *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. Credit Quality (%) Cash 1.85 AA 3.06 A BBB BB B 4.27 CCC 1.50 Not Rated 0.01 Total 100 **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. Banking Basic Industry 3.49 Brokerage 3.56 Capital Goods 3.55 Communications Consumer Cyclical Consumer Non Cyclical 8.19 Electric 0.97 Energy 8.41 Finance Companies 1.45 Financial (Other) 0.48 Industrial (Other) 0.64 Insurance 7.94 Non-US Govt/Agy 2.46 REITs 4.96 Technology 1.67 Transportation 3.13 US Treasury 2.96 US Agency 0.44 Cash 1.68 Other 0.05 *** Adoption of Invesco sector scheme as of 5/2010 data

15 Invesco High Income Trust II Ticker: VLT Inception Date: 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. Fund Investments: A diversified portfolio composed of fixed income of fixed-income securities, rated in the medium to lower categories (those rated between BB and C or the equivalent, if unrated by S&P) Market Value (mm) 180 Weighted Average Life (Years) 5.35 Effective Duration (Years) 4.42 Number of Issues 295 Leverage (%) 28% Earnings* UNII Balance* *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. Credit Quality (%) Cash 0.81 BB B CCC Not Rated 0.99 Total 100 **Portfolio information is subject to change due to active management. Ratings are based on Moody s, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security s market value or of the liquidity of an investment in the security. If securities are rated differently by the rating agencies, the lowest rating is applied. For example; if a security is rated AAA by S&P and Fitch, and AA by Moody's, then AA is what is represented in the weighting. Banking 1.48 Basic Industry 5.05 Capital Goods Communications Consumer Cyclical Consumer Non Cyclical Electric 1.21 Energy Finance Companies 3.46 Financial (Other) 0.86 Industrial (Other) 2.14 REITs 0.55 Technology 3.84 Transportation 2.33 Cash 0.81 Other 0.54 *** Adoption of Invesco sector scheme as of 5/2010 data

16 Invesco Dynamic Credit Opportunities Fund Ticker: VTA Inception Date: Objective: The Fund's investment objective is to seek a high level of current income, with a secondary objective of capital appreciation. Fund Investments: A professionally managed portfolio primarily of interests in floating or variable rate senior loans to corporations, partnerships, and other entities in a variety of industries and geographic regions. Total Assets (mm) 1, Preferred Shares O/S (mm) 125 Leverage O/S (mm) 325 Leverage (%) 33% Net Assets (mm) Avg Days to Reset # Issuers 438 # Sectors 36 Avg Loan Size (mm) -- % of Portfolio in non-usd 35% Wtd Avg Spread Above LIBOR 4.61% Top 20 holdings weightings** 25.33% Average loan/note holdings (mm) $3.12 Average loan/note holdings (% of total holdings) 0.23% Yield at NAV (current month) 7.16% Average cost of leverage (current month) 2.28% Default Rate (LTM) 0.73% Credit Derivatives (% of total investments) Earnings* UNII Balance* Tax-Adjusted UNII Balance* n/a Portfolio Par Value (mm) Portfolio Market Value (mm) Portfolio Cost Weighted Average Holding Price *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prior to 2010, calculations were an average, which used the current and two preceding months. ** Top 20 percentages are calculated based on Total Market Value of the Loan/Note Holdings. Prior to 2010, percentages were calculated based on Total Assets. Top 5 Sectors*** Cable & satellite television 6.61% Health care 5.68% Retailers (except food & drug) 6.69% Business equipment & services 8.74% Electronics/Electrical 5.79% ***The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor s. Prior to 2010, VK derived categories were used. Moody's Credit Rating Distribution A 0.03% Aa 0.00% Baa 1.96% Ba 19.15% B 45.36% Caa 14.40% Ca 0.40% C 0.00% Not rated 18.69% Total % Capital Structure Distribution Loans - 1st Lien 62.41% Loans - 2nd Lien 9.71% Bonds 18.83% Structured Products 5.48% Other 3.56% Total % Maturity Distribtution Less than 1 year 2.80% 1 to 3 years 13.57% 3 to 5 years 29.81% 5 to 10 years 52.90% More than 10 years 0.92% Total % Top 5 Countries United States 63.02% United Kingdom 11.47% Netherlands 4.33% Sweden 3.79% Luxembourg 4.56% *Amounts shown are based upon financial reporting data. Final determination of the source and tax status of all distributions paid in the current year will be made after year-end. Calculation is in cents per share.

17 Invesco Senior Income Trust Ticker: VVR Inception Date: Objective: A high level of current income consistent with preservation of capital. Fund Investments: A professionally managed portfolio primarily of interests in floating or variable rate senior loans to corporations, partnerships, and other entities in a variety of industries and geographic regions. Total Assets (mm) 1, Preferred Shares O/S (mm) Leverage O/S (mm) Leverage (%) 32% Net Assets (mm) $847 Avg Days to Reset # Issuers # Sectors Avg Loan Size (mm) Weighted Average Spread above LIBOR 4.10% Top 20 holdings weightings** 23.74% Avg loan/note holdings (mm) $2.58 Avg loan/note holdings (% total holdings) 0.21% Yield at NAV (current month) 6.64% Average cost of leverage (current month) 2.74% Default Rate (LTM) 0.68% Credit Derivatives (% of total investments) -- Covenant Lite (% of total holdings) Earnings* UNII Balance* Tax-Adjusted UNII Balance* n/a Portfolio Par Value (mm) 1, Portfolio Market Value (mm) 1, Portfolio Cost Weighted Average Holding Price *The undistributed net investment income balance per common share and the earnings per common share are calculated using the month-end balances of the current month. Prio to 2010, calculations were an average, which used the current and two preceding months. ** Top 20 percentages are calculated based on Total Market Value of the Loan/Note Holdings. Prior to 2010, percentages were calculated based on Total Assets. Top 5 Sectors*** Health Care 5.16% Business Equipment & Services 9.32% Telecommunications 6.79% Electronics/Electrical 7.98% Retailers (except food & drug) 5.28% ***The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor s. Prior to 2010, VK derived categories were used. Moody's Credit Rating Distribution Baa 2.4% Ba 29.7% B 46.2% Caa 11.2% Ca 0.4% C 0.0% NR 10.0% Total 100.0% Capital Structure Distribution st Lien 76.8% 2nd Lien 6.7% Bonds 8.6% Structured Products 5.4% Unsecured 0.0% Other 2.5% Total % Maturity Distribtution Less than 1 year 2.4% 1 to 3 years 11.6% 3 to 5 years 32.9% 5 to 10 years 52.4% More than 10 years 0.6% Total % *Amounts shown are based upon financial reporting data. Final determination of the source and tax status of all distributions paid in the current year will be made after year-end. Calculation is in cents per share.

18 Glossary Weighted Average Maturity (WAM)- For a portfolio of bonds, weighted average maturity is the weighted average of the maturities of the underlying bonds. The measure is computed by weighing each bond's maturity by its market value with respect to the portfolio and the likelihood of any of the bonds being called. AMT Bonds- This number represents the percentage of bonds held in the portfolio that are subject to the AMT (Alternative Minimum Tax). Duration (Modified)- A measure of the price sensitivity of a bond to interest rate movements. It is inversely proportional to the approximate percentage change in price for a given change in yield. Duration (Option Adjusted)- Option Adjusted Duration is the modified duration of a bond after adjusting for any embedded optionality. The Option Adjusted measure of duration takes into account the fact that yield changes may change the expected cash flows of the bond because of the presence of an embedded option, such as a call or put. Effective Duration- A duration calculation for bonds with embedded options. Effective duration takes into account that expected cash flows will fluctuate as interest rates change. Leverage Adjusted OAD Option Adjusted Duration adjusted for the additional effects of leverage from preferred shares. Average Coupon- The weighted average coupon rates of all the bonds in the ladder. Average Market Price- The weighted average price of the bonds in the ladder. Yield- The percentage rate of return scheduled to be paid on a security in annual dividends. Preferred Assets- A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock. Preferred stock generally has a dividend that must be paid out before dividends to common stockholders and the shares usually do not have voting rights. Tender Option Bond (TOB) Assets- Obligations, also known as put bonds or puttable securities, that grant the bondholder the right to require the issuer or a specified third party acting as agent for the issuer (e.g., a tender agent) to purchase the bonds, usually at par, at a certain time or times prior to maturity or upon the occurrence of specified events or conditions. Leverage- The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment. Earnings- This is the trailing 12-month total (TTM) earnings divided by the average diluted shares outstanding for the trailing 12 months. Undistributed Net Investment Income (UNII) Balance- Represents the life-to-date balance of a fund's net investment income less distributions of net investment income. UNII appears as a line item on a fund's statement of changes in net assets. Prerefunded- A municipal bond that is secured by an escrow fund. The escrow fund comes from the issuer floating a second bond issue and using proceeds from that second bond issue to purchase government obligations, typically treasuries. Proceeds from the second bond issue create an escrow fund to mature at the first call date of the first bond issue to "pre-refund" that issue. Bond issuers will typically do this during times of lower interest rates to lower their interest costs. Credit Rating- A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. NR indicates the debtor was not rated, and should not be interpreted as indicating low quality. For more information on Moody s rating methodology, please visit and select Rating Methodologies under Research and Ratings on the homepage. For more information on Standard and Poor s rating methodology, please visit and select Understanding Ratings under Rating Resources on the homepage. For more information on Fitch Ratings rating methodology, please visit and select Ratings Definitions on the homepage. Credit Enhancement-Some municipal securities are backed by a third-party credit enhancement which backstops the primary pledge to pay principal and interest. Forms of credit enhancement include bond insurance, bank letters of credit, state school guarantees, and credit programs of federal or state governments or federal agencies. Credit enhancement serves as a secondary source of payment if the primary source of payment is insufficient.