INVESCO INTERMEDIATE TERM MUNICIPAL INCOME FUND
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.0%
1 yr return
3.5%
3 Yr Avg Return
-0.7%
5 Yr Avg Return
1.1%
Net Assets
$2 B
Holdings in Top 10
7.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.51%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VKLSX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return -0.7%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.53%
- Dividend Yield 3.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameINVESCO INTERMEDIATE TERM MUNICIPAL INCOME FUND
-
Fund Family NameINVESCOFDS
-
Inception DateApr 04, 2017
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulius Williams
Fund Description
VKLSX - Performance
Return Ranking - Trailing
Period | VKLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -5.3% | 7.2% | 8.31% |
1 Yr | 3.5% | -5.3% | 26.0% | 6.75% |
3 Yr | -0.7%* | -11.5% | 2.5% | 19.30% |
5 Yr | 1.1%* | -6.3% | 1101.7% | 22.60% |
10 Yr | N/A* | -0.5% | 248.1% | 35.30% |
* Annualized
Return Ranking - Calendar
Period | VKLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -1.4% | 41.0% | 68.84% |
2022 | -11.2% | -39.7% | 0.3% | 46.57% |
2021 | 0.3% | -5.6% | 6.9% | 20.92% |
2020 | 1.0% | -2.6% | 310.0% | 82.21% |
2019 | 4.0% | 0.0% | 26.0% | 39.42% |
Total Return Ranking - Trailing
Period | VKLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -5.3% | 7.2% | 8.31% |
1 Yr | 3.5% | -5.3% | 26.0% | 6.75% |
3 Yr | -0.7%* | -11.5% | 2.5% | 19.30% |
5 Yr | 1.1%* | -6.3% | 1101.7% | 22.60% |
10 Yr | N/A* | -0.5% | 248.1% | 34.32% |
* Annualized
Total Return Ranking - Calendar
Period | VKLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -1.3% | 41.0% | 34.55% |
2022 | -8.5% | -39.7% | 1.1% | 41.62% |
2021 | 3.3% | -4.8% | 23761504.0% | 12.55% |
2020 | 2.9% | -1.5% | 17057.9% | 75.76% |
2019 | 5.6% | 0.2% | 3514.6% | 70.96% |
NAV & Total Return History
VKLSX - Holdings
Concentration Analysis
VKLSX | Category Low | Category High | VKLSX % Rank | |
---|---|---|---|---|
Net Assets | 2 B | 3.22 M | 71.9 B | 16.52% |
Number of Holdings | 944 | 2 | 13067 | 11.33% |
Net Assets in Top 10 | 141 M | -317 M | 3.56 B | 31.59% |
Weighting of Top 10 | 7.23% | 2.0% | 100.4% | 91.32% |
Top 10 Holdings
- New York Transportation Development Corp. (American Airlines, Inc.), Series 2016, Ref. RB 1.31%
- Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB 0.83%
- Miami-Dade (County of), FL, Series 2017 B, Ref. RB 0.78%
- Broward (County of), FL (Convention Center Expansion), Series 2021, RB 0.67%
- Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB 0.65%
- California (State of) Housing Finance Agency, Series 2019 A-2, RB 0.64%
- New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 2012, RB 0.64%
- Houston (City of), TX Airport System (United Airlines, Inc.), Series 2021 B-1, RB 0.61%
- Massachusetts (Commonwealth of) School Building Authority, Series 2018 B, RB 0.55%
- New York (State of) Dormitory Authority, Series 2022 A, Ref. RB 0.55%
Asset Allocation
Weighting | Return Low | Return High | VKLSX % Rank | |
---|---|---|---|---|
Bonds | 99.62% | 0.00% | 150.86% | 19.40% |
Cash | 0.38% | -50.86% | 50.09% | 80.19% |
Stocks | 0.00% | 0.00% | 99.81% | 47.99% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 41.36% |
Other | 0.00% | -3.18% | 33.35% | 45.24% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 41.33% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VKLSX % Rank | |
---|---|---|---|---|
Municipal | 99.42% | 44.39% | 100.00% | 31.38% |
Derivative | 0.00% | -3.18% | 23.38% | 42.98% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 74.82% |
Securitized | 0.00% | 0.00% | 5.93% | 42.24% |
Corporate | 0.00% | 0.00% | 9.41% | 51.27% |
Government | 0.00% | 0.00% | 52.02% | 45.74% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VKLSX % Rank | |
---|---|---|---|---|
US | 99.62% | 0.00% | 142.23% | 17.48% |
Non US | 0.00% | 0.00% | 23.89% | 48.22% |
VKLSX - Expenses
Operational Fees
VKLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.51% | 0.01% | 20.65% | 81.34% |
Management Fee | 0.40% | 0.00% | 1.20% | 40.62% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
VKLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
VKLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
VKLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 283.00% | 28.67% |
VKLSX - Distributions
Dividend Yield Analysis
VKLSX | Category Low | Category High | VKLSX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.87% | 0.00% | 14.62% | 9.12% |
Dividend Distribution Analysis
VKLSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
VKLSX | Category Low | Category High | VKLSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.53% | -0.53% | 5.33% | 17.29% |
Capital Gain Distribution Analysis
VKLSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.033 | OrdinaryDividend |
Feb 29, 2024 | $0.033 | DailyAccrualFund |
Jan 31, 2024 | $0.033 | DailyAccrualFund |
Dec 29, 2023 | $0.033 | DailyAccrualFund |
Nov 30, 2023 | $0.032 | DailyAccrualFund |
Oct 31, 2023 | $0.032 | DailyAccrualFund |
Sep 29, 2023 | $0.032 | DailyAccrualFund |
Aug 31, 2023 | $0.032 | DailyAccrualFund |
Jul 31, 2023 | $0.032 | DailyAccrualFund |
Jun 30, 2023 | $0.032 | DailyAccrualFund |
May 31, 2023 | $0.032 | DailyAccrualFund |
Apr 28, 2023 | $0.030 | DailyAccrualFund |
Mar 31, 2023 | $0.030 | DailyAccrualFund |
Feb 28, 2023 | $0.030 | DailyAccrualFund |
Jan 31, 2023 | $0.030 | DailyAccrualFund |
Dec 30, 2022 | $0.028 | DailyAccrualFund |
Nov 30, 2022 | $0.028 | DailyAccrualFund |
Oct 31, 2022 | $0.026 | DailyAccrualFund |
Sep 30, 2022 | $0.024 | DailyAccrualFund |
Aug 31, 2022 | $0.024 | DailyAccrualFund |
Jul 29, 2022 | $0.024 | DailyAccrualFund |
Jun 30, 2022 | $0.024 | DailyAccrualFund |
May 31, 2022 | $0.022 | DailyAccrualFund |
Apr 29, 2022 | $0.022 | DailyAccrualFund |
Mar 31, 2022 | $0.022 | DailyAccrualFund |
Feb 28, 2022 | $0.022 | DailyAccrualFund |
Jan 31, 2022 | $0.022 | DailyAccrualFund |
Dec 31, 2021 | $0.022 | DailyAccrualFund |
Nov 30, 2021 | $0.022 | DailyAccrualFund |
Oct 29, 2021 | $0.023 | DailyAccrualFund |
Sep 30, 2021 | $0.025 | DailyAccrualFund |
Aug 31, 2021 | $0.025 | DailyAccrualFund |
Jul 30, 2021 | $0.025 | DailyAccrualFund |
Jun 30, 2021 | $0.025 | DailyAccrualFund |
May 28, 2021 | $0.025 | DailyAccrualFund |
Apr 30, 2021 | $0.028 | DailyAccrualFund |
Mar 31, 2021 | $0.028 | DailyAccrualFund |
Feb 26, 2021 | $0.028 | DailyAccrualFund |
Jan 29, 2021 | $0.039 | DailyAccrualFund |
Dec 31, 2020 | $0.028 | DailyAccrualFund |
Nov 30, 2020 | $0.028 | DailyAccrualFund |
Oct 30, 2020 | $0.028 | DailyAccrualFund |
Sep 30, 2020 | $0.027 | DailyAccrualFund |
Aug 31, 2020 | $0.027 | DailyAccrualFund |
Jul 31, 2020 | $0.026 | DailyAccrualFund |
Jun 30, 2020 | $0.026 | DailyAccrualFund |
May 29, 2020 | $0.026 | DailyAccrualFund |
Apr 30, 2020 | $0.027 | DailyAccrualFund |
Mar 31, 2020 | $0.026 | DailyAccrualFund |
Feb 28, 2020 | $0.026 | DailyAccrualFund |
Jan 31, 2020 | $0.029 | DailyAccrualFund |
Dec 31, 2019 | $0.029 | DailyAccrualFund |
Nov 29, 2019 | $0.029 | DailyAccrualFund |
Oct 31, 2019 | $0.029 | DailyAccrualFund |
Sep 30, 2019 | $0.029 | DailyAccrualFund |
Aug 30, 2019 | $0.029 | DailyAccrualFund |
Jul 31, 2019 | $0.029 | DailyAccrualFund |
Jun 28, 2019 | $0.029 | OrdinaryDividend |
Nov 30, 2018 | $0.028 | DailyAccrualFund |
Jun 29, 2018 | $0.029 | DailyAccrualFund |
Mar 29, 2018 | $0.029 | DailyAccrualFund |
Jan 31, 2018 | $0.029 | DailyAccrualFund |
Dec 29, 2017 | $0.029 | DailyAccrualFund |
Sep 29, 2017 | $0.029 | DailyAccrualFund |
Jun 30, 2017 | $0.029 | DailyAccrualFund |
May 31, 2017 | $0.028 | DailyAccrualFund |
Apr 28, 2017 | $0.028 | DailyAccrualFund |
VKLSX - Fund Manager Analysis
Managers
Julius Williams
Start Date
Tenure
Tenure Rank
Mar 06, 2015
7.24
7.2%
Julius Williams is a Senior Portfolio Manager for Invesco municipal strategies. Mr. Williams entered the industry in 2000. Prior to joining Invesco, he was a portfolio manager and trader for municipal funds at Van Kampen. He joined Invesco in 2010 when the firm combined with Van Kampen. Mr. Williams earned a BA degree in economics and sociology, and a Master of Education degree in educational psychology from the University of Virginia.
James Phillips
Start Date
Tenure
Tenure Rank
Mar 06, 2015
7.24
7.2%
James Phillips is a Senior Portfolio Manager for Invesco municipal strategies. Mr. Phillips joined Invesco in 2010, when the firm combined with Van Kampen. At Van Kampen, which he joined in 1991, he was a portfolio manager for municipal strategies. He also served as a credit analyst and has specialized in researching nonrated municipal bonds across all sectors. Previously, he was at the Federal Deposit Insurance Corporation, where he managed a portfolio of distressed bank assets. He started in the municipal bond market at Underwood, Neuhaus & Co. in Houston, structuring municipal bond issues in the health care, senior living and special tax sectors. He entered the industry in 1985. Mr. Phillips earned a BA degree in American literature from Empire State College, the independent study division of the State University of New York, and an MBA in finance from the State University of New York at Albany.
Mark Paris
Start Date
Tenure
Tenure Rank
Mar 06, 2015
7.24
7.2%
Mark Paris is Chief Investment Officer and Head of Municipal Strategies for Invesco Fixed Income. In this capacity, he is responsible for the oversight and implementationof all municipal bond strategies. Mr. Paris entered the financial industry in 1990 and joined Invesco in 2010 when the firm combined with Van Kampen investments. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the muncipal fixed income team at Morgan Stanley/Van Kampen, which he joing in 2002. He also was previously a trader and portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank, and a trader and underwriter at NatWest Bank. Mr. Paris earned a BBA in finance from Baruch College of the City University of New York.
John Connelly
Start Date
Tenure
Tenure Rank
Apr 01, 2016
6.17
6.2%
John Connelly, has been associated with Invesco and/or its affiliates since 2016. From 1994 to 2015, he was employed by Raymond James & Associates, where he served as Senior Vice President of Municipal High Yield Trading from 2012 to 2015. Prior to 2012, he served as Director of the Municipal High Yield Trading Group.
Tim O’Reilly
Start Date
Tenure
Tenure Rank
Apr 01, 2016
6.17
6.2%
Tim O'Reilly is a Portfolio Manager for Invesco Municipal Strategies. Mr. O'Reilly joined Invesco in 2010 when the firm combined with Van Kampen, where he served as a senior unit trust fixed income portfolio manager, with responsibilities that included fixed income trading, risk management and credit analysis. He has a diverse knowledge base, with trading experience in municipals, corporates and equities. He joined Van Kampen in 2001. Mr. O'Reilly earned a BS degree in finance from Eastern Illinois University and an MBA in finance from the University of Illinois at Chicago. He holds the Series 7, 63 and 79 registrations.
John Schorle
Start Date
Tenure
Tenure Rank
Jun 28, 2018
3.93
3.9%
John Schorle, Portfolio Manager, who has been responsible for the Fund since 2018 and has been associated with Invesco and/or its affiliates since 2010.
Joshua Cooney
Start Date
Tenure
Tenure Rank
Jun 29, 2020
1.92
1.9%
Joshua Cooney has been associated with Invesco and/or its affiliates since 1999.
Elizabeth Mossow
Start Date
Tenure
Tenure Rank
Jun 29, 2020
1.92
1.9%
Mrs. Mossow has been a Senior Portfolio Manager of OppenheimerFunds, Inc since January 2017 and a Vice President of OppenheimerFunds, Inc since January 2016. She was a Portfolio Manager of OppenheimerFunds, Inc from January 2016 to January 2017. Mrs. Mossow has been an Assistant Vice President of Oppenheimer since January 2011 and an Associate Portfolio Manager of the firm since June 2013. She was a Portfolio Research Analyst of the Sub-Adviser from June 2011 to June 2013 and was a Credit Analyst of the Sub-Adviser from May 2007 to May 2011. She was a Risk Management Analyst at Manning & Napier Associates from September 2006 to May 2007 and was an Analyst/Trading Assistant at The Baupost Group from August 2000 to March 2006. Mrs. Mossow is a portfolio manager and a trader for the Fund and other Oppenheimer funds.
Rebecca Setcavage
Start Date
Tenure
Tenure Rank
Jun 29, 2020
1.92
1.9%
Rebecca Setcavage, Portfolio Manager, has been associated with Invesco and/or its affiliates since 2019. Prior to that, Ms. Setcavage was associated with OppenheimerFunds, a global asset management firm, since 2017. From 2004 to 2017, she was employed by T. Rowe Price where she last served as a Portfolio Investment Analyst.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |