About VKLIX
Invesco Intermediate Term Municipal Income Fund Class Y is a municipal bond mutual fund designed to deliver a high level of current income that is exempt from federal income tax, while seeking preservation of capital. The fund primarily invests in intermediate‑term municipal securities, emphasizing investment‑grade bonds but with flexibility to include select high yield and non‑rated issues to pursue incremental income. Its portfolio spans revenue and general obligation bonds that finance essential public projects such as transportation, water and sewer systems, housing, and healthcare, reflecting broad exposure across the municipal market. Managed by a large, specialized municipal team, the strategy relies on rigorous fundamental credit research and forward‑looking internal ratings to identify relative value opportunities in a roughly three‑ to ten‑year duration segment. The fund targets competitive monthly distributions and maintains intermediate interest‑rate sensitivity, with characteristics such as option‑adjusted duration around the mid‑single‑digit range and diversified state exposures including New York, Florida, Texas, Illinois, and California. Its benchmark alignment focuses on intermediate investment‑grade municipals, underscoring its role as a core tax‑exempt income holding.
Fund Family Invesco
Category Muni National Interm
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol VKLIX
Share Class Class Y
Index S&P Municipal Bond TR USD
VKLIX had a total return of 4.94% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.41%.
