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15 important things you should know about Invesco VKMMX mutual fund

Updated: September 29, 2020
50
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
Bear Case
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for VKMMX “stock” price, you can quickly find it out by visiting Finny and typing "VKMMX quote". If you’re looking for a quick scoop on VKMMX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "VKMMX". You’ll get all this info in one place.

Are you looking to buy or sell VKMMX? Or perhaps you’re looking for VKMMX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this VKMMX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: VKMMX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: VKMMX buy or sell; the pros and cons of investing in VKMMX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to VKMMX.

And here is the list of questions we’ll answer:

  1. Describe AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds): Invesco Municipal Income Fund; Class A Shares (VKMMX).
  2. What are VKMMX holdings?
  3. What is VKMMX performance? What are VKMMX historical returns?
  4. How many up and down years did VKMMX have historically?
  5. What is VKMMX dividend yield?
  6. What is VKMMX minimum initial investment amount?
  7. What is VKMMX expense ratio?
  8. Does VKMMX have any sales loads or 12b-1 distribution expenses?
  9. What is VKMMX tax efficiency (tax-cost ratio)?
  10. What is VKMMX beta? How would you assess VKMMX risk?
  11. What is VKMMX Sharpe ratio?
  12. What is VKMMX Finny Score? VKMMX buy or sell?
  13. What are the pros of investing in VKMMX? What are VKMMX buy reasons?
  14. What are the cons of investing in VKMMX? What are VKMMX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds): Invesco Municipal Income Fund; Class A Shares (VKMMX).

2. What are VKMMX top holdings?

VKMMX has 0 stock holdings and 804 bond holdings.

The top 10 holdings represent 10.63% of total assets. Here are the top holdings:

Name Symbol % Assets
10 Year Treasury Note Future June 20 ZNM0 4.36%
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.04% N/A 1.00%
METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 4% N/A 0.87%
HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 0.05% N/A 0.70%
ROANOKE VA ECONOMIC DEV AUTH HOSP REV 5% N/A 0.69%
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% N/A 0.64%
TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% N/A 0.62%
CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 0.05% N/A 0.59%
LUCAS CNTY OHIO HOSP REV 5.25% N/A 0.59%
OHIO ST HIGHER EDL FAC COMMN REV 0.04% N/A 0.57%

3. What is VKMMX performance? What are VKMMX historical returns?

VKMMX has generated the following returns:

  • 1-month return is -0.35%;
  • 3-month return is 2.39%;
  • 1-year return is 2.55%;
  • 3-year return is 3.74%;
  • 5-year return is 3.72%;
  • 10-year return is 4.11%;
  • 15-year return is 3.82%.

4. How many up and down years did VKMMX have historically?

In the last 10 years, VKMMX had 9 up years and 1 down year.

VKMMX up and down years

5. What is VKMMX dividend yield?

VKMMX yield is %.

6. What is VKMMX minimum initial investment amount?

VKMMX minimum initial investment amount is $1.00K.

7. What is VKMMX expense ratio?

VKMMX expense ratio is 1.01%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

VKMMX expenses

8. Does VKMMX have any sales loads or 12b-1 distribution expenses?

VKMMX 12b-1 distribution fee is 0.25. VKMMX front-end sales load is 4.25. VKMMX back-end sales load is 0.

9. What is VKMMX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0%;
  • 3-year ax cost ratio is 0%.
VKMMX tax costs

10. What is VKMMX beta? How would you assess VKMMX risk?

  • 3-year beta is 1.41;
  • 5-year beta is 1.27;
  • 10-year beta is 1.22;
  • 15-year beta is 1.28.
VKMMX Beta

11. What is VKMMX Sharpe ratio?

  • 3-year Sharpe ratio is 0.32;
  • 5-year Sharpe ratio is 0.48;
  • 10-year Sharpe ratio is 0.76;
  • 15-year Sharpe ratio is 0.45.
VKMMX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 50. Our quantitative analysis shows 3 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 50.

13. What are the pros of investing in VKMMX? What are VKMMX buy reasons?

The following are VKMMX strengths from our perspective:

  • <strong>VKMMX 3-year return</strong> is 3.74%, which is in line with the 3-year return of the benchmark index (S&P Municipal Bond TR), 4.07%.
  • <strong>VKMMX 5-year return</strong> is 3.72%, which is in line with the 5-year return of the benchmark index (S&P Municipal Bond TR), 3.93%.
  • <strong>VKMMX 10-year return</strong> is 4.11%, which is higher than the 10-year return of the benchmark index (S&P Municipal Bond TR), 4.07%.

14. What are the cons of investing in VKMMX? What are VKMMX negatives?

The following are VKMMX weaknesses from our perspective:

  • <strong>VKMMX 15-year return</strong> is 3.82%, which is lower than the 15-year return of the benchmark index (S&P Municipal Bond TR), 4.28%.
  • <strong>VKMMX expense ratio</strong> is 1.01%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 4.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the VKMMX review, we covered VKMMX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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