Invesco Bond Fund is a closed-end management investment company. The Fund's investment objective is to provide interest income while conserving capital by investing in fixed-rate United States investment grade corporate bonds with flexibility to invest up to 20% of the Fund's total assets in non-investment grade, United States dollar-denominated and non-United States dollar-denominated securities of foreign issuers. The Fund may invest in government securities, asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities. The Fund may also invest in derivatives and other instruments that have similar economic characteristics to securities. We show 1 historical shares outstanding datapoints in our VBF shares outstanding history coverage, used to compute VBF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VBF market cap history over the course of time is important for investors
interested in comparing VBF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of VBF versus a peer is one thing; comparing
VBF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like VBF can fluctuate over the course of history.
With this page we aim to empower investors researching VBF by allowing them to research the VBF market cap history. |
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Video: The Importance of Market Cap
