About VKLMX
Invesco Intermediate Term Municipal Income Fund Class A is an open-end mutual fund designed to provide a high level of current income that is exempt from federal income tax, while prioritizing preservation of capital. The fund primarily invests in a diversified portfolio of intermediate-term municipal bonds, typically with maturities ranging from three to ten years. These bonds are issued by various states, cities, and local governments to finance public projects such as infrastructure, schools, and hospitals. A significant feature of the fund is its mix of investment-grade bonds, with the flexibility to allocate up to 35% of its holdings to below investment-grade and non-rated bonds, allowing it to seek additional yield opportunities within the municipal sector. Managed by an experienced team employing rigorous fundamental credit analysis, the fund is notable for its nationwide exposure, with top state allocations including New York, Florida, Texas, Illinois, and California. The primary role of this fund in the market is to offer investors broadly diversified, tax-advantaged income, positioning it as a key player for those seeking steady tax-exempt cash flow, especially in higher tax brackets. The fund is also benchmarked against widely recognized municipal bond indices, reinforcing its relevance within the municipal fixed income market.
Fund Family Invesco
Category Muni National Interm
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol VKLMX
Share Class Class A
Index S&P Municipal Bond TR USD
VKLMX had a total return of 4.78% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.84%.
