Fund Description: Invesco Advantage Municipal Income Trust II, formerly the Invesco Van Kampen Advantage Municipal Income Trust II, is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Invesco Van Kampen Advantage Municipal Income Trust II seeks to provide a high level of current income exempt from federal income tax, consistent with preservation of capital. TRUST STRATEGY: The Trust will invest substantially all of its assets in municipal securities rated investment grade at the time of investment. The Trust seeks to achieve the investment objective by investing primarily in municipal securities that are rated BBB or higher by Standard & Poor’s (S&P) or Baa or higher by Moody’s at the time of purchase. Municipal securities include long-term obligations (municipal bonds), short-term municipal notes, participation certificates, municipal leases and tax-exempt commercial paper. The Trust may also invest in securities rated BB/Ba or B by S&P, Moody’s, or Fitch. TRUST MANAGEMENT: Invesco Advisers, Inc. serves as the investment advisor to the Trust.