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Morningstar

Invesco Intermediate Term Muni Inc Y VKLIX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.47  /  0.00
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.540%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.76%
  • Effective Duration 5.67 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 11:21 PM GMT+00:00

Morningstar’s Analysis VKLIX

Will VKLIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VKLIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the VKLIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of VKLIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This large team is still settling in after organizational changes.

Analyst

Summary

| by Thomas Murphy

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.

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