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Invesco Intermediate Term Muni Inc Y VKLIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
11.65  /  0.07 %
Total Assets
2.3 Bil
Adj. Expense Ratio
0.530%
Expense Ratio
0.570%
Fee Level
Average
Longest Manager Tenure
6.38 years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Low / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.73%
Effective Duration
5.24 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 8:43 PM GMT+00:00

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Morningstar’s Analysis

Will VKLIX outperform in future?

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

Process Pillar

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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

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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

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

An intermediate-term municipal offering that doesn’t shy away from credit risk.

Associate Analyst

Summary

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Invesco Intermediate Term Municipal Income is managed by a collaborative 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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