VKLMX – Fund Analysis – Invesco Intermediate Term Muni Inc A | Morningstar

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Will VKLMX outperform in the future?

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Process Pillar

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

The People Pillar is our evaluation of the VKLMX 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 VKLMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Finding its footing.

Associate Analyst Rafael Ramirez

Rafael Ramirez

Associate Analyst

Summary

Invesco Intermediate Term Municipal Income draws on a large muni team that appears more settled than in prior years, but its relatively aggressive approach compared with most intermediate national muni Morningstar Category peers has yet to demonstrate an edge.

by Rafael Ramirez

Rated on Apr 27, 2026 Published on Apr 27, 2026

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