14 important things you should know about Invesco VMINX mutual fund

Updated: June 30, 2020
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Before we start: if you’re looking for VMINX “stock” price, you can quickly find it out by visiting Finny and typing "VMINX quote". If you’re looking for a quick scoop on VMINX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "VMINX". You’ll get all this info in one place.

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

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

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

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

The Fund seeks to provide a high level of current income exempt from federal income tax, consistent with preservation of capital by investing at least 80% of its assets in a diversified portfolio of tax-exempt municipal securities rated investment grade at the time of purchase.

2. What are VMINX top holdings?

VMINX 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 VMINX performance? What are VMINX historical returns?

VMINX has generated the following returns:

  • 1-month return is -2.74%;
  • 3-month return is -7.94%;
  • 1-year return is -1.69%;
  • 3-year return is 2.05%;
  • 5-year return is 2.35%;
  • 10-year return is 3.82%.

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

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

5. What is VMINX dividend yield?

VMINX yield is 3.65%.

6. What is VMINX minimum initial investment amount?

VMINX minimum initial investment amount is N/A.

7. What is VMINX expense ratio?

VMINX expense ratio is 0.88%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

VMINX 12b-1 distribution fee is 0.12. VMINX front-end sales load is 0. VMINX back-end sales load is 0.

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

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

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

  • 3-year beta is 1.44;
  • 5-year beta is 1.29;
  • 10-year beta is 1.23;
  • 15-year beta is 1.28.

11. What is VMINX Sharpe ratio?

  • 3-year Sharpe ratio is 0.30;
  • 5-year Sharpe ratio is 0.38;
  • 10-year Sharpe ratio is 0.79;
  • 15-year Sharpe ratio is 0.38.

Analysis

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

VMINX Finny Score is 0. Our quantitative analysis shows 0 reasons to buy VMINX and 7 reasons to sell it, resulting in the Finny Score of 0.

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

We don't see any strong reasons to buy VMINX.

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

The following are VMINX weaknesses from our perspective:

  • VMINX net assets are $99.30 million. This fund is not a popular choice with retail investors.
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.12%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
  • VMINX expense ratio is 0.88%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • VMINX 3-year Beta is 1.44, 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.
  • VMINX 5-year Beta is 1.29, 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.
  • VMINX 10-year Beta is 1.23, 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.
  • VMINX 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 VMINX review, we covered VMINX 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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