CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Invsc PA Val Muni Incm Tr (VPV)

Single State Muni Bond Funds - Pennsylvania (PA) - Leveraged

Data as of Feb. 16, 2018
Market Price $11.78 (+ $0.03)
NAV (Feb. 16, 2018) $13.67 (+ $0.01)
Premium / Discount -13.83% (+0.16%)
Fund Info
Inception April 30, 1993
Sponsor Invesco Advisers
Website https://www.invesco.co...
Phone (800) 959-4246
Objective: High current income exempt from federal and Pennsylvania income tax; investment grade Pennsylvania municipal securities
Related Indexes
State Municipal Index (Non NY/CA)
Capital & Leverage
Outstanding Shares 23,829,544
Gross Assets (Reported: Aug. 31, 2017) $570M
Estimated Gross Assets $430M
Net Assets $326M
Market Cap $281M
Purchases Turnover 21.20%
Sales Turnover 11.88%
Total Leverage 41.00%
Structural Leverage (out of total) 24.30%
Portfolio Leverage (out of total) 16.70%
Expense Ratio 2.26%
Non Lev Exp Ratio 1.04%
Rel Lev Cost 1.76%
Discount Data
Average Discount (3 Yr) -10.92%
Discount Low(3 Yr) -16.05%
Discount High(3 Yr) -3.05%
Discount Rel Range 17.09%
Comp Discount -5.14
Discount St Dev (1Yr) 1.03
Z-Stat (6mo) -0.75
Z-Stat (1Yr) -1.35
Z-Stat (3Yr) -0.96
Comp Z-Stat (6mo) -0.64
Comp Z-Stat (3Yr) -0.87
Distribution Data
Market Yield 5.91%
Income Yield 5.91%
Lev Adj NAV Yield 3.61%
Distribution Frequency M
Current Distribution $0.058
Current Income $0.058
Ex-Date 2/14/18
Payable Date 2/28/18
Div Growth (3yr) -10.77%
Dividend Change 11.3% on 2/1/18
Expected Div 3/1/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $857
Avg Volume 30 day 65,890
Avg Volume 90 day 72,735
Volume Trend -9.41%
Comp Volume Trend 2.80%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's State Municipal Index (Non NY/CA)
Most Correlated Peer (Mk Pr): NQP 80.0%
NAV - Price Correlation (30 d) 92.6%
NAV - Price Correlation (90 d) 94.4%
NAV - Price Correlation (1 Yr) 69.8%
Price St Dev (1Yr) 5.6%
NAV St Dev (1Yr) 3.0%
Earnings / Share (11/30/17) $0.136
Earn Coverage 233.79%
Earnings Trend Up
UNII / Share (11/30/17) $0.127
Rel UNII 18.28
UNII Trend Up
Bond Specific Data
Maturity 15.69
Duration 11.10
Credit Rating (rbo) A
Investment Grade 87.76%
Non Investment Grade 7.21%
Unrated Bonds 5.04%
Average Bond Price 110.87
Discount vs Price -2.96
Coupon 5.67%
Zero Coupon 0.87%
AMT 5.40%
AMT Yield 5.82%
Bond Calls Risk 3.32%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's State Municipal Index (Non NY/CA)


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

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