14 important things you should know about Invesco VKMMX mutual fund

Updated: June 30, 2020
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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 6.41% of total assets. Here are the top holdings:

Name Symbol % Assets
JACKSON CNTY MISS PORT FAC REV 0.98% N/A 0.85%
KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 5% N/A 0.70%
PEFA INC IOWA GAS PROJ REV 5% N/A 0.70%
WASHINGTON ST CONVENTION CTR PUB FACS DIST 5% N/A 0.70%
PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5% N/A 0.65%
SALT VERDE FINL CORP SR GAS REV ARIZ 5% N/A 0.60%
LUCAS CNTY OHIO HOSP REV 5.25% N/A 0.56%
COLORADO HEALTH FACS AUTH REV 5% N/A 0.55%
MASSACHUSETTS ST 5% N/A 0.55%
METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5% N/A 0.55%

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

VKMMX has generated the following returns:

  • 1-month return is -0.38%;
  • 3-month return is -6.78%;
  • 1-year return is -1.24%;
  • 3-year return is 2.32%;
  • 5-year return is 2.58%;
  • 10-year return is 3.88%;
  • 15-year return is 3.48%.

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.

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.

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%.

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

  • 3-year beta is 1.43;
  • 5-year beta is 1.28;
  • 10-year beta is 1.22;
  • 15-year beta is 1.28.

11. What is VKMMX Sharpe ratio?

  • 3-year Sharpe ratio is 0.28;
  • 5-year Sharpe ratio is 0.36;
  • 10-year Sharpe ratio is 0.78;
  • 15-year Sharpe ratio is 0.38.

Analysis

12. What is VKMMX Finny Score? VKMMX buy or sell?

VKMMX Finny Score is 10. Our quantitative analysis shows 1 reason to buy VKMMX and 9 reasons to sell it, resulting in the Finny Score of 10.

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

The following are VKMMX strengths from our perspective:

  • VKMMX 10-year return is 3.88%, which is in line with the 10-year return of the benchmark index (S&P Municipal Bond TR), 4.08%.

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

The following are VKMMX weaknesses from our perspective:

  • VKMMX 3-year return is 2.32%, which is lower than the 3-year return of the benchmark index (S&P Municipal Bond TR), 3.54%.
  • VKMMX 5-year return is 2.58%, which is lower than the 5-year return of the benchmark index (S&P Municipal Bond TR), 3.36%.
  • VKMMX 15-year return is 3.48%, which is lower than the 15-year return of the benchmark index (S&P Municipal Bond TR), 4.18%.
  • 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.
  • VKMMX expense ratio is 1.01%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • VKMMX 3-year Beta is 1.43, which is higher than the index (BBgBarc Municipal TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • VKMMX 5-year Beta is 1.28, which is higher than the index (BBgBarc Municipal TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • VKMMX 10-year Beta is 1.22, which is higher than the index (BBgBarc Municipal TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
  • VKMMX 15-year Beta is 1.28, which is higher than the index (BBgBarc Municipal TR USD) 15-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 15 years.
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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