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Invesco High Income 2024 Target Term Fund
mutual fund
XHTAX
Payout Change
Suspended
Price as of:
$7.5671
+-0.0
+-0.04%
primary theme
Target Date
share class
XHTAX (Mutual Fund)
Invesco High Income 2024 Target Term Fund
Payout Change
Suspended
Price as of:
$7.5671
+-0.0
+-0.04%
primary theme
Target Date
share class
XHTAX (Mutual Fund)
Invesco High Income 2024 Target Term Fund
Payout Change
Suspended
Price as of:
$7.5671
+-0.0
+-0.04%
primary theme
Target Date
share class
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$80 M
Holdings in Top 10
46.7%
52 WEEK LOW AND HIGH
$7.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 2.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
XHTAX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.71%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco High Income 2024 Target Term Fund
-
Fund Family NameInvesco Advisers, Inc
-
Inception DateDec 04, 2017
-
Shares Outstanding8785662
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKevin Collins
Fund Description
XHTAX - Performance
Return Ranking - Trailing
| Period | XHTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | 1.4% | 14.8% | 100.00% |
| 1 Yr | N/A | 2.4% | 15.1% | 100.00% |
| 3 Yr | N/A* | -3.2% | 4.6% | 100.00% |
| 5 Yr | N/A* | 0.7% | 6.1% | 100.00% |
| 10 Yr | N/A* | 1.9% | 5.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | XHTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -9.8% | -9.8% | 12.8% | 100.00% |
| 2022 | -14.1% | -38.3% | -3.8% | 27.87% |
| 2021 | 7.3% | -9.1% | 10.3% | 3.31% |
| 2020 | -13.4% | -13.4% | 12.6% | 100.00% |
| 2019 | 7.8% | -1.1% | 13.9% | 52.24% |
Total Return Ranking - Trailing
| Period | XHTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | 1.4% | 14.8% | 100.00% |
| 1 Yr | N/A | 2.4% | 15.1% | 100.00% |
| 3 Yr | N/A* | -3.2% | 4.6% | 100.00% |
| 5 Yr | N/A* | 0.7% | 6.1% | 100.00% |
| 10 Yr | N/A* | 1.9% | 5.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | XHTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -9.8% | -9.8% | 15.4% | 100.00% |
| 2022 | -14.1% | -16.9% | -2.9% | 79.78% |
| 2021 | 7.3% | -3.8% | 10.3% | 23.20% |
| 2020 | -13.4% | -13.4% | 16.6% | 100.00% |
| 2019 | 10.8% | 6.9% | 25.2% | 78.36% |
NAV & Total Return History
XHTAX - Holdings
Concentration Analysis
| XHTAX | Category Low | Category High | XHTAX % Rank | |
|---|---|---|---|---|
| Net Assets | 80 M | 3.58 M | 35.6 B | 72.83% |
| Number of Holdings | 53 | 2 | 1478 | 19.02% |
| Net Assets in Top 10 | 37.6 M | 3.08 M | 36.5 B | 76.09% |
| Weighting of Top 10 | 46.67% | 4.6% | 124.2% | 84.09% |
Top 10 Holdings
- Commercial Mortgage Trust 2014-Ubs4 4.8% 7.77%
- Fremf Mortgage Trust 2017-K71 3.88% 7.15%
- Commercial Mortgage Trust 4.87% 6.94%
- COMM MORTGAGE TRUST 3.94017% 5.64%
- JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 3.87952% 5.62%
- COMM MORTGAGE TRUST 3.495% 4.83%
- Commercial Mortgage Trust 4.69692% 4.63%
- Comm Mtg Tr 2014-Twc 4.07518% 4.61%
- MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 4.20745% 4.54%
- Morgan Stanley BAML Trust 3.25% 4.50%
Asset Allocation
| Weighting | Return Low | Return High | XHTAX % Rank | |
|---|---|---|---|---|
| Bonds | 109.30% | 0.00% | 109.30% | 0.54% |
| Preferred Stocks | 11.70% | 0.00% | 11.70% | 0.54% |
| Convertible Bonds | 3.70% | 0.00% | 6.56% | 2.17% |
| Stocks | 0.00% | 0.00% | 100.21% | 73.37% |
| Other | 0.00% | -0.01% | 5.62% | 27.72% |
| Cash | -24.70% | -24.70% | 53.61% | 100.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | XHTAX % Rank | |
|---|---|---|---|---|
| Securitized | 81.91% | 0.00% | 81.91% | 0.54% |
| Corporate | 11.42% | 0.00% | 99.84% | 80.43% |
| Cash & Equivalents | 6.57% | 0.00% | 80.50% | 23.37% |
| Government | 0.10% | 0.00% | 99.79% | 83.70% |
| Derivative | 0.00% | -0.01% | 0.65% | 25.00% |
| Municipal | 0.00% | 0.00% | 99.98% | 77.17% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | XHTAX % Rank | |
|---|---|---|---|---|
| US | 109.30% | 0.00% | 109.30% | 0.54% |
| Non US | 0.00% | 0.00% | 4.29% | 23.37% |
XHTAX - Expenses
Operational Fees
| XHTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.63% | 0.05% | 13.27% | 12.57% |
| Management Fee | 0.70% | 0.00% | 0.78% | 97.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
| XHTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| XHTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| XHTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 2.00% | 0.00% | 121.26% | 11.04% |
XHTAX - Distributions
Dividend Yield Analysis
| XHTAX | Category Low | Category High | XHTAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.37% | 93.48% |
Dividend Distribution Analysis
| XHTAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| XHTAX | Category Low | Category High | XHTAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.71% | -0.06% | 5.71% | 0.58% |
Capital Gain Distribution Analysis
| XHTAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 13, 2019 | $0.047 | OrdinaryDividend |
| May 14, 2019 | $0.047 | OrdinaryDividend |
| Apr 11, 2019 | $0.047 | OrdinaryDividend |
| Mar 12, 2019 | $0.047 | OrdinaryDividend |
| Feb 12, 2019 | $0.047 | OrdinaryDividend |
| Jan 15, 2019 | $0.047 | OrdinaryDividend |
| Dec 13, 2018 | $0.003 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.047 | OrdinaryDividend |
| Nov 09, 2018 | $0.047 | OrdinaryDividend |
| Oct 15, 2018 | $0.047 | OrdinaryDividend |
| Sep 13, 2018 | $0.047 | OrdinaryDividend |
| Aug 13, 2018 | $0.047 | OrdinaryDividend |
| Jul 16, 2018 | $0.047 | OrdinaryDividend |
| Jun 12, 2018 | $0.047 | OrdinaryDividend |
| May 14, 2018 | $0.047 | OrdinaryDividend |
| Apr 16, 2018 | $0.047 | OrdinaryDividend |
| Mar 14, 2018 | $0.047 | OrdinaryDividend |
| Feb 14, 2018 | $0.047 | OrdinaryDividend |
| Jan 23, 2018 | $0.047 | OrdinaryDividend |
XHTAX - Fund Manager Analysis
Managers
Kevin Collins
Start Date
Tenure
Tenure Rank
Dec 04, 2017
4.49
4.5%
Kevin Collins is the Head of Commercial Credit for Invesco Fixed Income. In this role, his primary responsibilities include evaluating, selecting, and positioning commercial mortgagebacked securities, commercial loans, and other debt investments across Invesco-managed institutional and retail fixed income funds, including Invesco Mortgage Capital Inc., a public real estate investment trust externally managed by Invesco Advisers, Inc. Further, he is involved in identifying new investment strategies and creating related product offerings for Invesco Fixed Income. He played a role in launching Invesco Mortgage Capital, Invesco Mortgage Recovery Fund (closed to new investors and co-managed by WL Ross & Co. LLC), Invesco Real Estate, Invesco Fixed Income, and two of Invesco’s closed-end fund offerings. He currently serves as a Portfolio Manager and Investment Committee member on these strategies. Mr. Collins also serves as President of Invesco Mortgage Capital. Mr. Collins joined Invesco in 2007 as a senior analyst on the structured securities team. Prior to joining the firm, he structured various capital funding strategies — including bond securitizations, asset-backed commercial paper conduit transactions, and other secured lending facilities — for banks and specialty finance companies at Credit Suisse First Boston. Mr. Collins began his career in the New York-based structured finance advisory services practice at Ernst & Young, focusing on structured product cash flow modeling and collateral analytics. Mr. Collins earned a BS degree in accounting, magna cum laude, from Florida State University and an MBA from the Kellogg School of Management at Northwestern University. He currently serves on the Florida State University Center for Real Estate Education and Research Executive Board and is a member of the Commercial Real Estate Finance Council Board of Governors.
Brian Norris
Start Date
Tenure
Tenure Rank
Dec 04, 2017
4.49
4.5%
Brian Norris is a Senior Portfolio Manager on the Structured Securities team. He is responsible for providing advice and trading for the mortgage-related products and working collectively with the Structured Securities team to implement strategies throughout the fixed income platform. Additionally, Mr. Norris is a mortgage-backed securities trader and director for Invesco Mortgage Capital, Inc., a mortgage REIT sub-advised by Invesco Fixed Income. Mr. Norris has been in the industry since 1999. He began his investment career with Todd Investment Advisors in Louisville, Kentucky, as a securities trader. Mr. Norris joined Invesco in 2001 and served for five years as an account manager. In that role, he was responsible for communicating the fixed income investment process and strategy to both clients and consultants. Mr. Norris became a portfolio manager in 2006 and was named senior portfolio manager in 2014. Mr. Norris earned a BS degree in business administration with a concentration in finance from the University of Louisville. He holds the Chartered Financial Analyst designation.
Mario Clemente
Start Date
Tenure
Tenure Rank
Dec 04, 2017
4.49
4.5%
Mario Clemente is a Portfolio Manager. He has been associated with the Invesco Advisers, Inc. and/or its affiliates since 2014.
Dan Saylor
Start Date
Tenure
Tenure Rank
Dec 04, 2017
4.49
4.5%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 6.41 | 3.75 |
