Company: VKI
Filing Date: 2025-11-07
Form Type: N-CSRS
Source: 0001193125-25-271162
Chunk: 3

Company: Invesco Advantage Municipal Income Trust II
Filing Date: 2025-11-07
Form: N-CSRS
Chunk 3
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 having to hold a share certificate. You should contact your financial adviser to learn more about any restrictions or fees that may apply. |

The Trust and Computershare Trust Company, N.A. may amend or terminate the Plan at any time. Participants will receive at least 30 days written notice before the effective date of any amendment. In the case of termination, Participants will receive at least 30 days written notice before the record date for the payment of any such Distributions by the Trust. In the case of amendment or termination necessary or appropriate to comply with applicable law or the rules and policies of the Securities and Exchange Commission or any other regulatory authority, such written notice will not be required. To obtain a complete copy of the current Dividend Reinvestment Plan, please call our Client Services department at 800 341 2929 or visit invesco.com/closed-end.

| 3 |     | Invesco Advantage Municipal Income Trust II |

Schedule of Investments August 31, 2025 (Unaudited)

| Municipal Obligations–160.67%(a)                                                                                                                                 
 Alabama–3.09%                                                                                                                                                    |     | InterestRate |       |     | MaturityDate |            |     | PrincipalAmount(000) |       |     |         Value |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------|:------|:----|:-------------|:-----------|:----|:---------------------|------:|:----|--------------:|
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging); Series 2016, RB                                             |     |              | 5.75% |     |              | 06/01/2045 |     | $                    |   185 |     | $     162,668 |
| Black Belt Energy Gas District (The); Series 2023 B, RB(b)                                                                                                       |     |              | 5.25% |     |              | 12/01/2030 |     |                      | 1,065 |     |     1,149,696 |
| Energy Southeast, A Cooperative District; Series 2024 B, RB(b)                                                                                                   |     |              | 5.25% |     |              | 06/01/2032 |     |                      |   755 |     |       810,998 |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village);