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Invesco Trust for Investment Grade Municipals (VGM)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of June 14, 2024
Market Price $10.22 ( $0.00)
NAV (June 14, 2024) $11.41 (+ $0.03)
Fund Listed NYSE
Premium / Discount -10.43% (-0.24%)
Fund Info
Inception Jan. 24, 1992
Sponsor Invesco Advisers
Website https://www.invesco.co...
Phone (800) 959-4246
Location Georgia
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: High current income exempt from federal income tax; investment grade municipal securities
Related Indexes
National Municipal Bond Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 54,231,968
Total Assets (Reported: Feb. 29, 2024) $947M
Estimated Total Assets $1,001M
Net Assets $619M
Market Cap $554M
Portfolio Turnover 14.00%
Total Leverage 38.17%
Structural Leverage (out of total) 82.00%
Portfolio Leverage (out of total) 18.00%
Expense Ratio 3.49%
Non Lev Exp Ratio 0.93%
Rel Lev Cost 4.37%
Discount Data
Average Discount (3 Yr) -9.60%
Discount Low(3 Yr) -17.07%
Discount High(3 Yr) 0.99%
Discount Rel Range (3 Yr) 36.78%
Comp Discount -1.17
Discount St Dev (1Yr) 1.38
Z-Stat (6mo) 2.21
Z-Stat (1Yr) 2.48
Z-Stat (3Yr) -0.18
Comp Z-Stat (6mo) 1.24
Comp Z-Stat (3Yr) 0.20
Distribution Data
Market Yield 7.59%
Income Yield 7.59%
Lev Adj NAV Yield 4.92%
Distribution Frequency M
Current Distribution $0.065
Current Income $0.065
Ex-Date 6/18/24
Payable Date 6/28/24
Div Growth (3yr) 17.45%
Dividend Change 66.5% on 5/23/24
Expected Div 6/3/24
RoC (1yr) 8.43%
RoC (3yr) 5.23%
Tax Dividend Data 2019 2017 - 2019
Income 0% 0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 3.9% 1.6%
Volume & Liquidity
Average Daily $ (K) $1,381
Avg Volume 30 day 147,297
Avg Volume 90 day 135,154
Volume Trend 8.98%
Comp Volume Trend 7.12%
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 National Municipal Bond Index
Most Correlated Peer (Mk Pr): IQI 96.0%
NAV - Price Correlation (30 d) 49.6%
NAV - Price Correlation (90 d) 56.9%
NAV - Price Correlation (1 Yr) 96.3%
Price St Dev (1Yr) 11.3%
NAV St Dev (1Yr) 7.5%
Earnings / Share (4/30/24) $0.033
Earn Coverage 51.55%
Earnings Trend Down
UNII / Share (4/30/24) $-0.059
Rel UNII -7.62
UNII Trend Down
Bond Specific Data
Maturity 20.97
Duration 13.37
Credit Rating (rbo) A
Investment Grade 81.35%
Non Investment Grade 5.83%
Unrated Bonds 12.81%
Average Bond Price 100.31
Discount vs Price -10.12
Coupon 4.58%
Zero Coupon 4.34%
AMT 16.91%
AMT Yield 7.23%
Bond Calls Risk 15.49%
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 National Municipal Bond Index


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