Invesco Intermediate Term Municipal Income is managed by a large and experienced team that leans heavily on the supporting muni credit research group. The team’s resources are adequate for its bold mandate, but the strategy lacks a competitive advantage over peers. It earns a Morningstar Analyst Rating of Neutral across all but the most expensive share class, which is rated Negative.
- NAV / 1-Day Return 10.33 / 0.21 %
- Total Assets 1.9 Bil
-
Adj. Expense Ratio
—
- Expense Ratio 1.540%
- Distribution Fee Level Average
- Share Class Type Level Load
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 1.88%
- Effective Duration 5.81 years
Morningstar’s Analysis VKLCX
Will VKLCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
This large team is still settling in after organizational changes.
Summary
|- Current Portfolio Date Jan 31, 2023
- Equity Holdings 0
- Bond Holdings 982
- Other Holdings 7
- % Assets in Top 10 Holdings 7.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
NEW YORK TRANSN DEV CORP SPL FAC REV 5%
1.33
25,500,245
municipal
MIAMI-DADE CNTY FLA WTR & SWR REV 4%
0.81
15,491,454
municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%
0.80
15,313,300
municipal
NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5.75%
0.71
13,742,081
municipal
BROWARD CNTY FLA TOURIST DEV TAX REV 4%
0.71
13,562,301
municipal
CALIFORNIA HSG FIN AGY MUN CTFS 4%
0.67
12,826,269
municipal
TOBACCO SETTLEMENT FING CORP RHODE IS 5%
0.67
12,800,658
municipal
CALIFORNIA ST 5%
0.61
11,635,150
municipal
MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 4%
0.56
10,783,794
municipal
NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4%
0.56
10,703,054
municipal