Finny logo
Dibs:
Dibs:
0

10 important things you should know about Invesco VMINX mutual fund

Updated: October 10, 2021
50
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
Bear Case
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

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. What is VMINX dividend yield?
  5. What is VMINX minimum initial investment amount?
  6. Does VMINX have any sales loads or 12b-1 distribution expenses?
  7. What is VMINX Finny Score? VMINX buy or sell?
  8. What are the pros of investing in VMINX? What are VMINX buy reasons?
  9. 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).

2. What are VMINX top holdings?

VMINX has 0 stock holdings and 752 bond holdings.

The top 10 holdings represent 6.50% of total assets. Here are the top holdings:

Name Symbol % Assets
PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% N/A 1.11%
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% N/A 0.72%
ROANOKE VA ECONOMIC DEV AUTH HOSP REV 5% N/A 0.68%
WASHINGTON ST CONVENTION CTR PUB FACS DIST 5% N/A 0.63%
TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% N/A 0.61%
NEW YORK TRANSN DEV CORP SPL FAC REV 5% N/A 0.60%
SALT VERDE FINL CORP SR GAS REV ARIZ 5% N/A 0.58%
LUCAS CNTY OHIO HOSP REV 5.25% N/A 0.53%
METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5% N/A 0.53%
ALLEGHENY CNTY PA HOSP DEV AUTH REV 5% N/A 0.51%

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

VMINX has generated the following returns:

  • 1-month return is -0.95%;
  • 3-month return is -1.42%;
  • 1-year return is -1.42%;
  • 3-year return is 5.60%;
  • 5-year return is 3.63%;
  • 10-year return is 4.55%.

4. What is VMINX dividend yield?

VMINX yield is 3.13%.

5. What is VMINX minimum initial investment amount?

VMINX minimum initial investment amount is N/A.

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

VMINX 12b-1 distribution fee is 0.14. VMINX front-end sales load is 0. VMINX back-end sales load is 0.

Analysis

7. 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.

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

The following are VMINX strengths from our perspective:

  • VMINX 3-year return is 5.6%, which is higher than the 3-year return of the benchmark index (S&P Municipal Bond TR), 5.06%.
  • VMINX 5-year return is 3.63%, which is higher than the 5-year return of the benchmark index (S&P Municipal Bond TR), 3.26%.
  • VMINX 10-year return is 4.55%, which is higher than the 10-year return of the benchmark index (S&P Municipal Bond TR), 4.02%.

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

The following are VMINX weaknesses from our perspective:

  • VMINX net assets are $97.50 million. This fund is not a popular choice with retail investors.
  • VMINX expense ratio is 0.7%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.14%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
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.
Follow Us