United States
The Fund’s investment objective is to seek a high rate of return, primarily from interest income and trading activity, from a portfolio principally consisting of debt securities. It will seek capital appreciation and gain by purchasing debt securities at prices that the Adviser believes are below their intrinsic value.
The Fund will also look to benefit from trading securities to optimize the risk-adjusted yields in the Fund. Under normal circumstances, the Fund will invest at least 80% of its total assets in debt securities.
The Fund may invest up to 25% of its assets in below investment grade securities (also known as 'junk bonds'), and may, but has no current plans to, borrow funds to purchase securities.
For more information about the Fund, please refer to the latest annual report or factsheet. Alternatively scroll down the page to find all Fund documentation.
Fund information
| Inception date | June 07, 1971 |
| NYSE symbol | INSI |
| NAV symbol | INSI |
| CUSIP | 45781W109 |
| Fiscal year-end | March 31 |
| Portfolio manager | Insight North America LLC |
| Shareholder servicing agent | Computershare Investor Services |
Daily data as of April 18, 2024
| NAV | 16.97 |
| Market price | 16.07 |
| Premium/discount | -5.30% |
Quarterly data as of Dec 31, 2023
| Net assets | $188.4m |
| Shares outstanding | 10,713,411 |
Annual data as of March 31, 2023
| Gross expense ratio | 0.86% |
| Net expense ratio | 0.86% |
| Portfolio turnover rate | 35.10% |
2023 Tax information
|
Total Ordinary Dividends |
Short Term Capital Gains |
Long Term Capital Gains |
Qualified Dividend Income (QDI) |
Return of Capital |
|
100% |
0.00% |
0.00% |
0.00% |
0.00% |
Ordinary Dividends, Tax-Exempt Income, Long-term Capital Gains and Return of Capital figures are a percentage of the total distribution. Income may be subject to state and local taxes, as well as the federal alternative minimum tax. Capital gains, if any, are subject to capital gains tax. This information is general in nature and is not intended to constitute tax advice. Please consult your own legal or tax advisor for more detailed information on tax issues and advice as they relate to your specific situation.
Final determination of the tax character of distributions aid by the Fund for the current calendar year will be distributed to shareholders in January of the following year.
A closed-end fund is not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. Additional information regarding the fund can be found in the fund's most recent shareholder report. This material is presented only to provide information and is not intended for trading purposes.
For periodic shareholder reports and recent fund-specific filings, please visit the U.S. Securities and Exchange Commission ("SEC") website here.
Contact information
Transfer agent
Computershare Investor Services
PO Box 43006
Providence, RI 02940-3006
866-333-6685
Investment adviser
Insight North America LLC
200 Park Avenue, 7th Floor
New York, NY 10166
Further reading
Information in periodic reports and fund prospectus may have changed since the date these documents were issued. In particular, the information in both the common stock and the preferred share prospectuses is historical and should not be relied upon when evaluating whether to purchase, hold or sell shares of the Fund.