Invesco High Income 2024 Target Term:IHTA

    Manage Alerts

    Overview

    As of 7/10/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$7.34$7.60-3.42%
    52 Wk Avg$9.29$9.43-1.68%
    52 Wk High$10.98$10.7415.02%
    52 Wk Low$6.00$6.19-22.58%
    Regular Distribution TypeIncome Only
    Distribution Rate7.63%
    Distribution Amount$0.0467
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objectives are to provide a high level of current income and to return $9.835 per share (the original net asset value (“NAV”) per common share before deducting offering costs of $0.02 per share) to holders of common shares on or about December 1, 2024 (the “Termination Date”). The objective to return the Fund’s original NAV is not an express or implied guarantee obligation of the Fund or any other entity.

    Capital Structure

    As of 7/10/2020

    Total Investment Exposure:$95.714M
    Total Common Assets:$66.714M
    Common Shares Outstanding:8,778,182
    Leverage

    As of

    Preferred Share Assets:
    Total Debt (USD): $29.000M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $29.000M
    Effective Leverage (%): 30.30%
    Annual Expense Ratios

    As of 2/28/2020

      Per Common Share
    Management Fees0.92%
    Other Expenses:0.29%
    Baseline Expense: N/A
    Interest Expense:1.10%
    Total: 2.31%
    Fund Management

    Fund Sponsor
    Invesco Ltd.

    Portfolio Managers
    Brian P. Norris, Jason Marshall, Mario Clemente, Dan Saylor, Kevin Collins

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: IHTA
    NAV Ticker: XHTAX
    Average Daily Volume (shares): 26,461
    Average Daily Volume (USD): $0.233M
    Inception Date: 12/4/2017
    Inception Share Price: $10.00
    Inception NAV: $9.82
    Tender Offer: No
    Term: Yes
    Fiscal Year End: February 28
    Third Party Links & Reports

    Distributions

    As of 7/10/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 2/29/2020
    $0.2526
    Annualized Distribution Rate on NAV:
    As of 7/10/2020
    7.37%
    Total Return on NAV (12 months):
    As of 7/10/2020
    -23.73%
    Avg. Portfolio Coupon:
    As of 7/10/2020
    4.02%
    Total % Portfolio Effectively Leveraged:
    As of 7/10/2020
    30.30%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/10/2020

    PeriodAvg Discount
    6 Month-1.97%
    1 Year-1.68%
    3 Year 
    5 Year 
    Z-Score

    As of 7/10/2020

    PeriodZStat
    3 Month-0.21
    6 Month-0.31
    1 Year-0.52
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2020
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-23.06%-26.09%-12.43%-8.94%
    201922.62%13.83%21.79%13.91%
    2018-7.42%5.21%-5.54%-2.01%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2020
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/10/2020
    4.02%
    Average Maturity:
    As of 3/31/2020
    36.93 yrs
    Number of Holdings:
    As of 3/31/2020
    51
    Annual Portfolio Turnover:
    As of 2/28/2020
    9.00%
    Average Bond Price:
    As of 3/31/2020
    $78.78
    Asset Allocation

    As of 3/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Securitized (Super Sector)129.36%
    Government Commercial Mortgage Backed122.10%
    Corporate (Super Sector)10.89%
    Preferred Stock8.37%
    Asset Backed4.12%
    Agency Mortgage Backed3.14%
    Convertible2.52%
    Government0.04%
    Government (Super Sector)-2.52%
    Government Related-2.56%
    Top Holdings

    As of 3/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    COMM MORTGAGE TRUST 4.1%$4.11M6.23%
    JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 4.02%$4.06M6.15%
    COMM MORTGAGE TRUST 3.5%$3.66M5.54%
    MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 4.37%$3.59M5.44%
    Commercial Mortgage Trust 4.89%$3.45M5.23%
    COMM MTG TR 2014-TWC 4.24%$3.29M4.99%
    Morgan Stanley BAML Trust 3.25%$3.17M4.81%
    WFRBS COMMERCIAL MORTGAGE TRUST 4.59%$3.05M4.61%
    JPMBB Commercial Mortgage Securities Trust 4.71%$2.99M4.53%
    GS Mortgage Securities Trust 2015-G 4.21%$2.94M4.46%
    Maturity Breakdown

    As of 3/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income129.39%
    Invalid Country - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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