Invesco High Income Trust II Common (VLT)

Competitors to Invesco High Income Trust II Common (VLT)

BlackRock High Yield Bond Fund

BlackRock High Yield Bond Fund operates under the management of one of the largest investment firms in the world, emphasizing a diversified strategy to capture returns in the high-yield bond sector. Competing with Invesco on the basis of scale and diversification, BlackRock benefits from significant resources, investment expertise, and technological infrastructure that help improve portfolio management and performance analytics, which can appeal to discerning high-income investors.

Gabelli High Yield Fund 

Gabelli High Yield Fund mainly targets high-yield corporate bonds, much like Invesco’s offering. The competing factors lie in their reporting style, expense ratios, and investment strategies. Gabelli differentiates itself through a value-oriented approach, which may appeal to capital preservation-minded investors. Although Gabelli has a niche following, Invesco’s larger asset base and brand recognition may give it an edge in capturing a broader investor audience.

Nuveen High Income 2023 Target Term Fund

Nuveen High Income 2023 Target Term Fund focuses on investing in high-yield bonds and is designed to provide investors with income while maintaining a target maturity date. As both VLT and JHY invest primarily in high-yield debt securities, they attract similar investor demographics looking for income opportunities. Nuveen has an established brand and a strong reputation in fixed income, which might give it a slight edge in brand trust and investor loyalty.

PIMCO High Yield Source ETF

PIMCO’s High Yield Source ETF aims to generate high income through a portfolio predominantly comprised of high-yield U.S. corporate bonds. The company's strong analytical capabilities and market insights give it a competitive edge in identifying lucrative opportunities within the high-yield space. Although VLT provides a similar mandate, PIMCO's extensive resources and reputation in fixed-income strategies enhance its attractiveness to investors seeking reliable income and growth.

Western Asset High Yield Fund

Western Asset High Yield Fund invests primarily in higher yielding corporate bonds, similar to Invesco High Income Trust II. Competition is strong as they both appeal to investors looking for yield; however, Western Asset's long-standing experience in high-yield securities and proven track record may lead them to have a competitive advantage in terms of trust and industry expertise compared to VLT.