Invesco Intermediate Term Municipal Income Fund (VKLMX)
The investment seeks to provide investors with a high level of current income exempt from federal income tax, consistent with preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities at the time of investment. It invests at least 65% of the fund's net assets in investment grade municipal securities. The fund may invest up to 35% of its net assets in municipal securities rated below investment grade and unrated municipal securities determined by the Adviser to be of comparable quality at the time of purchase.
Fund Info
US0014195970
001419597
May 27, 1993
$1,000
Expense Ratio
VKLMX has an expense ratio of 0.76%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
Invesco Intermediate Term Municipal Income Fund (VKLMX) returned -0.90% year-to-date (YTD) and 2.55% over the past 12 months. Over the past 10 years, VKLMX returned 1.96% annually, underperforming the S&P 500 benchmark at 10.85%.
VKLMX
-0.90%
-0.29%
-1.76%
2.55%
2.03%
1.39%
1.96%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of VKLMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.47% | 0.95% | -1.34% | -0.68% | -0.29% | -0.90% | |||||||
| 2024 | 0.11% | 0.30% | 0.30% | -0.76% | 0.01% | 1.37% | 0.76% | 0.66% | 0.95% | -0.96% | 1.14% | -0.86% | 3.03% |
| 2023 | 2.71% | -1.84% | 1.43% | 0.07% | -0.59% | 0.97% | 0.18% | -0.78% | -2.26% | -1.21% | 5.21% | 1.86% | 5.65% |
| 2022 | -2.44% | -0.63% | -2.98% | -2.70% | 0.95% | -1.98% | 2.44% | -1.60% | -3.47% | -0.96% | 4.11% | 0.15% | -9.02% |
| 2021 | 1.00% | -1.17% | 0.57% | 0.92% | 0.54% | 0.45% | 0.71% | -0.33% | -0.76% | -0.36% | 0.95% | 0.08% | 2.61% |
| 2020 | 1.64% | 1.33% | -5.98% | -2.17% | 2.74% | 1.85% | 1.73% | 0.12% | -0.06% | -0.04% | 1.56% | 1.10% | 3.56% |
| 2019 | 0.70% | 0.51% | 1.42% | 0.32% | 1.31% | 0.41% | 0.76% | 1.37% | -0.64% | 0.05% | 0.15% | 0.32% | 6.86% |
| 2018 | -0.75% | -0.31% | 0.24% | -0.22% | 0.97% | 0.06% | 0.33% | 0.06% | -0.40% | -0.68% | 0.70% | 0.88% | 0.86% |
| 2017 | 0.41% | 0.60% | 0.32% | 0.77% | 1.40% | -0.30% | 0.60% | 0.77% | -0.21% | 0.14% | -0.21% | 0.78% | 5.17% |
| 2016 | 1.11% | 0.04% | 0.48% | 0.65% | 0.30% | 1.53% | -0.05% | 0.21% | -0.31% | -1.01% | -3.58% | 0.60% | -0.14% |
| 2015 | 1.59% | -0.81% | 0.25% | -0.28% | -0.39% | -0.31% | 0.60% | 0.22% | 0.58% | 0.40% | 0.40% | 0.66% | 2.91% |
| 2014 | 1.57% | 0.90% | -0.02% | 1.10% | 1.27% | 0.00% | 0.18% | 1.09% | 0.27% | 0.54% | 0.18% | 0.45% | 7.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VKLMX is 40, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Intermediate Term Municipal Income Fund (VKLMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Invesco Intermediate Term Municipal Income Fund provided a 3.47% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.36 | $0.34 | $0.25 | $0.27 | $0.29 | $0.31 | $0.31 | $0.31 | $0.29 | $0.31 | $0.35 |
Dividend yield | 3.47% | 3.46% | 3.30% | 2.48% | 2.32% | 2.48% | 2.75% | 2.85% | 2.76% | 2.66% | 2.77% | 3.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Intermediate Term Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.25 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.31 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Intermediate Term Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Intermediate Term Municipal Income Fund was 13.50%, occurring on Oct 25, 2022. Recovery took 587 trading sessions.
The current Invesco Intermediate Term Municipal Income Fund drawdown is 2.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.5% | Aug 6, 2021 | 308 | Oct 25, 2022 | 587 | Feb 28, 2025 | 895 |
| -11.92% | Mar 3, 2020 | 14 | Mar 20, 2020 | 185 | Dec 11, 2020 | 199 |
| -8.52% | Jan 24, 2008 | 226 | Dec 15, 2008 | 99 | May 8, 2009 | 325 |
| -8.38% | Feb 1, 1994 | 210 | Nov 21, 1994 | 68 | Feb 23, 1995 | 278 |
| -5.82% | May 3, 2013 | 87 | Sep 5, 2013 | 163 | Apr 30, 2014 | 250 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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