Effective June 29, 2020, four additional portfolio managers were named to Invesco Intermediate Term Municipal Income. These additions do not alter the strategy's Average People Pillar rating. Rebecca Setcavage, Charles Pulire, and Elizabeth Mossow joined this group through Invesco's acquisition of OppenheimerFunds in 2019, while Joshua Cooney has been with Invesco for over 15 years and was named to the strategy through internal promotion. This 10-person management team, led by Invesco's head of municipal strategies Mark Paris, will continue to take a team-based approach to managing assets, leveraging both top-down macro analysis and bottom-up credit research to construct this portfolio. While many in the group are experienced, they are still building a record of navigating a variety of muni market environments together.
Will VKLIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of VKLIX’s parent organization’s priorities and whether they’re in line with investors’ interests.