About VKMMX
Invesco Municipal Income Fund Class A is an open-end mutual fund specializing in municipal bonds issued by U.S. states, cities, and local governments. Its central purpose is to generate a high level of current income that is exempt from federal income tax, while also aiming to preserve invested capital. The fund primarily invests at least 80% of its assets in a diversified portfolio of investment grade, tax-exempt municipal securities. Managed by Invesco’s seasoned municipal bond team, the fund leverages in-depth research and sector expertise to uncover relative value opportunities across the $4 trillion municipal bond market.
Notable features include a monthly distribution policy, with a recent yield near 3.8%, and a long effective duration profile of around 9 years, targeting the Muni National Long category. With over 600 holdings and significant assets under management, the fund’s portfolio is constructed to benefit from Invesco’s market scale and credit analysis capabilities. Its role in the financial market is to provide investors, especially those in higher tax brackets, with a source of tax-advantaged income and stability, making it a key component for income-oriented, tax-sensitive investment strategies.
Fund Family Invesco
Category Muni National Long
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol VKMMX
Share Class Class A
Index S&P Municipal Bond TR USD
VKMMX had a total return of -3.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.97%.
