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Invesco Municipal Income Y (VMIIX) Fund Ranking and Research

Ranking, Research and Recommendation of Invesco Municipal Income Y (VMIIX) Fund

    Last Trade: $13.47 on 10/19/2017, Change: +0.00 (0%)

 

Graph of Invesco Municipal Income Y Fund (VMIIX) ManagerFund Manager - Julius Williams

Fund Manager Information

Fund Manager Tenure: 2.6 years
Similar Funds: VMIBX  VMICX 
Fund Family: Invesco
Fund Category: Muni National Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.75)     (What does this score mean?)

 

Graph of Invesco Municipal Income Y Fund (VMIIX) ProfileInvesco Municipal Income Y Fund (VMIIX) Profile

Fund Profile and Description

Invesco Municipal Income Y Fund seeks income exempt from federal income tax, consistent with preservation of capital. Invesco Municipal Income Y Fund normally invests at least 80% of total assets in investment-grade municipals. It invests up to 20% of total assets in municipal securities rated below-investment grade or unrated municipal securities of comparable quality. Invesco Municipal Income Y Fund may invest all or a substantial portion of assets in municipal securities that are subject to the federal alternative minimum tax.

 

Invesco Municipal Income Y (VMIIX) Fund Strength What we like about Invesco Municipal Income Y (VMIIX) Fund

Data for Invesco Municipal Income Y Fund (VMIIX) as of May 30, 2016

  • Invesco Municipal Income Y Fund (VMIIX) is a new fund and has been performing well against its peers for both three-month and 1-year performance
  • Invesco Municipal Income Y Fund (VMIIX) has good short-term performance (1-year return 6.81% vs 5.73% Muni National Long category median performance)
  • Invesco Municipal Income Y Fund (VMIIX) has good mid-term performance (3-year return 4.78% vs 3.84% Muni National Long category median performance)
  • Invesco Municipal Income Y Fund (VMIIX) has good Long-term performance (5-year return 6.30% vs 5.50% Muni National Long category median performance)
  • Invesco Municipal Income Y Fund (VMIIX) ratio of up-years vs down years is greater than 2
  • Invesco Municipal Income Y Fund (VMIIX) has a Morningstar rating of 4 and above
  • Asset base in Invesco Municipal Income Y Fund (VMIIX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Invesco Municipal Income Y Fund (VMIIX) has an annual stock turnover rate of 12.00% vs Muni National Long average of 21.44%. It is good that Invesco Municipal Income Y management does not trade extensively for its return.
  • Invesco Municipal Income Y Fund (VMIIX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.84, lower than category average of 4.16
  • Invesco Municipal Income Y Fund (VMIIX) has a lower expense ratio than its Muni National Long average: 0.60% vs 0.86%
  • Invesco Municipal Income Y Fund (VMIIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Invesco Municipal Income Y Fund (VMIIX) Weakness What we are cautious about Invesco Municipal Income Y (VMIIX) Fund

Data for Invesco Municipal Income Y Fund (VMIIX) as of May 30, 2016

  • Invesco Municipal Income Y Fund (VMIIX) management has been with Invesco Municipal Income Y Fund for only 2.6 years, it is hard to judge manager's ability based on this fund's operation record
See Invesco Municipal Income Y Fund (VMIIX) performance details as of May 30, 2016

 

What do you think?

 

Compare Invesco Municipal Income Y Fund (VMIIX)Compare with other top Muni National Long category mutual funds

Aadditional top Muni National Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Invesco Municipal Income Y3.286.814.786.30
Columbia AMT-Free Tax-Exempt Bond A (INTAX)3.116.984.916.56Compare
Nuveen All-American Municipal Bond I (FAARX)3.607.045.187.16Compare
T. Rowe Price Summit Municipal Inc (PRINX)3.126.564.576.13Compare

See top fund managers for Muni National Long Category Funds

 

Compare Invesco Municipal Income Y Fund (VMIIX)Compare with Muni National Long category ETFs

Some Muni National Long ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Long Municipal ETF (MLN)000
SPDR Nuveen Barclays Municipal Bond ETF (TFI)000
Market Vectors CEF Municipal Income ETF (XMPT)000

 

Graph of Invesco Municipal Income Y Fund (VMIIX) Net Asset TrackingInvesco Municipal Income Y (VMIIX) Fund Net Asset

Track net asset change of Invesco Municipal Income Y fund (VMIIX)

DateNet Asset
05/2016$2.70B
03/2016$2.54B
02/2016$2.49B
More historic net asset information on Invesco Municipal Income Y Fund (VMIIX)

  

Graph of Invesco Municipal Income Y Fund (VMIIX) Portfolio TrackingInvesco Municipal Income Y (VMIIX) Fund Portfolio Allocation

Track portfolio allocation change of Invesco Municipal Income Y fund (VMIIX)

DateCashStockBondOther
03/20162.51%0%97.49%0%
12/20152.99%0%97.01%0%
09/20151.42%0%98.58%0%
Click here to see more historic asset allocation information on Invesco Municipal Income Y Fund (VMIIX)

 

graph of Invesco Municipal Income Y Fund (VMIIX) Top 10 Position TrackingTop 10 Holdings in Invesco Municipal Income Y (VMIIX) Fund

Discover what Invesco Municipal Income Y Fund (VMIIX) manager is buying

Mar 30, 2016
Metropolitan Pier & Exposition Rev Bds [0.8%]
Buckeye Ohio Tob Settlement Fi To 5.875% [0.68%]
Univ Mich Univ Revs Gen Rev B 5% [0.66%]
Grand Parkway Transn Corp Tex Toll 5.25% [0.65%]
Metropolitan Wash D C Arpts Au Second 5% [0.59%]
Indiana Mun Pwr Agy Pwr Sply Ref Rev 5% [0.55%]
Illinois Fin Auth 5.5% [0.52%]
Indiana St Fin Auth 5% [0.5%]
Golden St Tob Securitization C Tobacc 5% [0.49%]
Kentucky Econ Dev Fin Auth 5% [0.48%]

Dec 30, 2015
Metropolitan Pier & Exposition Rev Bds [0.84%]
Grand Parkway Transn Corp Tex Toll 5.25% [0.69%]
Metropolitan Wash D C Arpts Au Second 5% [0.62%]
Illinois Fin Auth 5.5% [0.55%]
District Columbia Ballpark Rev Rev Bd 5% [0.51%]
Indiana St Fin Auth 5% [0.51%]
Railsplitter Tob Settlement Au Tobacc 6% [0.5%]
J P Morgan Chase Putters / Dri Ctfs [0.49%]
Golden St Tob Securitization C Tobacc 5% [0.49%]
Tobacco Settlement Fing Corp N As 4.625% [0.49%]

Sep 29, 2015
Metropolitan Pier & Exposition Rev Bds [0.94%]
Metropolitan Wash D C Arpts Au Second 5% [0.63%]
Illinois Fin Auth 5.5% [0.57%]
District Columbia Ballpark Rev Rev Bd 5% [0.53%]
Indiana St Fin Auth 5% [0.53%]
Railsplitter Tob Settlement Au Tobacc 6% [0.52%]
J P Morgan Chase Putters / Dri Ctfs [0.51%]
San Francisco Calif City & Cnt Airpor 5% [0.5%]
Tobacco Settlement Fing Corp N As 4.625% [0.49%]
New York Liberty Dev Corp Libe Rev Bd 5% [0.48%]
Click here for Stock Holding Change Map in Invesco Municipal Income Y Fund (VMIIX)

  

Latest News on Invesco Municipal Income Y (VMIIX) Fund

See what is happening with Invesco Municipal Income Y Fund (VMIIX)

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Invesco Municipal Income Y Fund (VMIIX) Related ResourcesSee more information on Invesco Municipal Income Y (VMIIX) Fund

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