IHIT Vs. BSCN: 2 Invesco Bond Funds That Terminate In 2023

Retired Investor
Investing Group

Summary

  • The Invesco High Income 2023 Target Term Fund (IHIT) terminates near 12/1/23, with a payout goal of $9.835.
  • The Invesco BulletShares 2023 Corporate Bond ETF (BSCN) terminates near 12/15/23. Unlike IHIT, Invesco did not set a payout goal for this ETF.
  • Both funds are examined in terms of characteristics and risks investors are exposed to until then.
  • My view is IHIT offers higher return potential but that comes with more risk than what BSCN faces. With 1-YR CD rates over 4.5%, I would rather be there than own BSCN at this point.
  • Looking for a portfolio of ideas like this one? Members of Hoya Capital Income Builder get exclusive access to our subscriber-only portfolios. Learn More »

December 2023 Calendar Pages. Time Flies Concept.

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(This article was co-produced with Hoya Capital Real Estate

Introduction

Occasionally an investor knows they need a cash infusion near a certain date, like making a RMD payment. Using CDs, a US Treasury issue or a baby bond

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Retired Investor
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Retired Investor has been investing since the 1980s and has a background in data analysis and pension fund management. He writes articles to help others prepare for retirement by investing in CEFs, ETFs, BDCs, and REITs. He is a long only investor and shares strategies for trading options with a focus on cash-secured-puts.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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