Morningstar

Invesco Intermediate Term Municipal Income Fund Class Y VKLIX

Morningstar Medalist Rating
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Medalist Rating as of See Invesco Investment Hub
  • NAV / 1-Day Return $10.13  /  +0.30 %
  • Fund Size $2.1B
  • Adjusted Expense Ratio 0.500%
  • Net Expense Ratio 0.530%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 4.11%
  • Average Effective Duration 5.56 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VKLIX

Will VKLIX outperform in the 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.

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
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Portfolio Holdings VKLIX

More VKLIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Invesco Intermediate Municipal ETF

1.27 28M
—

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

1.19 26M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

1.17 25M
municipal

Usd Currency Cash

1.02 22M
Cash and Equivalents

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.71 16M
municipal

TEXAS WTR DEV BRD REV 4.125%

0.64 14M
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%

0.63 14M
municipal

HOUSTON TEX ARPT SYS REV 4%

0.61 13M
municipal

BROWARD CNTY FLA TOURIST DEV TAX REV 4%

0.60 13M
municipal

HOUSTON TEX ARPT SYS REV 5.5%

0.59 13M
municipal

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