Invesco Bond Income Plus : BIPS

Invesco Bond Income Plus : BIPS (formerly City Merchants High Yield : CMHY until its merger with Invesco Leveraged High Yield) has an objective to seek to obtain both high income and capital growth from investment predominantly in high-yielding fixed-interest securities.

The trust seeks to provide a high level of dividend income relative to prevailing interest rates through investment in fixed-interest securities, various equity-like securities within fixed-income markets and equity-linked securities such as convertible bonds, and direct equities that have a high income yield. It seeks also to enhance total returns through capital appreciation generated by investments which have equity-related characteristics. Quoteddata

U are of the opinion that interest rates will fall, not a given and then your income deposit will fall. U also know that bonds rise when interest rates fall and vice versa when rates rise, which would have kept u well away from the recent blood bath in gilts/bonds.

U want to add a safety net to your portfolio, maybe a fund that pays interest to re-invest as u wait for the next market panic, when u may want to buy a dividend hero Trust, similar to LWDB.

The yield is 6.5%, the next xd date 18/04 but below the yield u need

to compound your dividends in ten years (7%) so u could pair trade it

with a higher yielder, plenty to choose from at present.

GRS