Invesco Municipal Income Fund (VKMMX)
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 may invest up to 20% of its net assets in municipal securities below investment grade. The fund may invest all or a substantial portion of its assets in municipal securities that are subject to the federal alternative minimum tax.
Fund Info
US0014195558
001419555
Jul 31, 1990
$1,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Municipal Income Fund had a return of 3.04% year-to-date (YTD) and 8.00% in the last 12 months. Over the past 10 years, Invesco Municipal Income Fund had an annualized return of 2.45%, while the S&P 500 had an annualized return of 11.13%, indicating that Invesco Municipal Income Fund did not perform as well as the benchmark.
VKMMX
3.04%
-0.03%
3.16%
8.00%
1.10%
2.45%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of VKMMX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.08% | 0.16% | 0.08% | -1.09% | 0.25% | 1.77% | 0.80% | 0.63% | 1.21% | -1.34% | 3.04% | ||
| 2023 | 3.82% | -2.75% | 2.02% | 0.14% | -0.60% | 1.17% | 0.24% | -1.44% | -3.43% | -2.24% | 8.01% | 2.62% | 7.22% |
| 2022 | -2.78% | -0.80% | -3.37% | -3.27% | 1.07% | -2.96% | 3.03% | -2.80% | -4.55% | -1.80% | 5.95% | -0.47% | -12.49% |
| 2021 | 1.20% | -1.76% | 0.85% | 1.21% | 0.91% | 0.61% | 0.90% | -0.53% | -0.97% | -0.18% | 1.20% | 0.18% | 3.61% |
| 2020 | 2.10% | 2.04% | -7.25% | -2.76% | 3.43% | 2.48% | 2.12% | -0.13% | -0.13% | -0.27% | 2.20% | 1.20% | 4.64% |
| 2019 | 0.50% | 0.73% | 1.87% | 0.56% | 1.44% | 0.46% | 0.75% | 1.86% | -0.67% | 0.03% | 0.26% | 0.33% | 8.39% |
| 2018 | -0.94% | -0.35% | 0.41% | -0.27% | 1.18% | 0.18% | 0.11% | 0.11% | -0.73% | -0.97% | 0.58% | 0.96% | 0.24% |
| 2017 | 0.53% | 0.83% | 0.37% | 0.67% | 1.50% | -0.08% | 0.52% | 0.74% | -0.20% | 0.17% | 0.02% | 1.08% | 6.31% |
| 2016 | 0.94% | 0.21% | 0.72% | 0.79% | 0.57% | 1.72% | -0.04% | 0.24% | -0.54% | -1.12% | -4.04% | 0.76% | 0.07% |
| 2015 | 1.81% | -0.88% | 0.35% | -0.52% | -0.31% | -0.24% | 0.73% | 0.28% | 0.73% | 0.43% | 0.50% | 0.80% | 3.72% |
| 2014 | 2.31% | 1.20% | 0.36% | 1.41% | 1.62% | 0.05% | 0.13% | 1.39% | 0.43% | 0.72% | 0.13% | 0.79% | 11.02% |
| 2013 | 0.70% | 0.41% | -0.52% | 1.13% | -1.24% | -3.65% | -1.23% | -1.71% | 2.41% | 0.75% | -0.25% | -0.18% | -3.47% |
Expense Ratio
VKMMX features an expense ratio of 0.81%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VKMMX is 62, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Municipal Income Fund (VKMMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Municipal Income Fund provided a 3.77% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.45 | $0.40 | $0.42 | $0.39 | $0.48 | $0.53 | $0.49 | $0.54 | $0.58 | $0.57 | $0.56 |
Dividend yield | 3.77% | 3.75% | 3.42% | 3.04% | 2.84% | 3.55% | 4.07% | 3.61% | 4.13% | 4.22% | 4.14% | 4.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.38 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.40 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.48 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.54 |
| 2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco 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 Municipal Income Fund was 21.20%, occurring on Dec 16, 2008. Recovery took 189 trading sessions.
The current Invesco Municipal Income Fund drawdown is 3.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.2% | Jan 24, 2008 | 227 | Dec 16, 2008 | 189 | Sep 17, 2009 | 416 |
| -17.97% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -14.32% | Mar 2, 2020 | 16 | Mar 23, 2020 | 187 | Dec 16, 2020 | 203 |
| -12.45% | Feb 1, 1994 | 210 | Nov 21, 1994 | 134 | May 26, 1995 | 344 |
| -8.45% | Oct 13, 2010 | 67 | Jan 18, 2011 | 136 | Aug 2, 2011 | 203 |
Volatility
Volatility Chart
The current Invesco Municipal Income Fund volatility is 1.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.