Invesco Municipal Income A (VKMMX - MF report) a Zacks Ranked #1 (Strong Buy) was established in August, 1990 and is managed by Van Kampen Investment Advisory Corp. The objective of VKMMX is to provide a high level of current income that is exempt from federal income tax, and consistent with the preservation of capital. VKMMX invests primarily in municipal securities rated investment grade at the time of investment or unrated municipal securities believed by VKMMX’s investment adviser to be of comparable quality (20% may consist of securities rated below investment grade). VKMMX invests a lion’s share of its total assets in investment grade municipal securities.
The Invesco Municipal Income A fund is managed by Invesco and carries an expense ratio of 0.93. The fund requires a minimal initial investment of $1,000.
VKMMX has a history of positive total returns for over 10 years. The fund’s returns over the 1, 3, and 5 year benchmarks are; 1 year 4.11%, 3 years 3.55%, and 5 years 4.95%. To see how this fund performed compared in its category, please click here.
VKMMX’s performance, as of the last filing, when compared to other funds in the same category was in the top 21% for 1 year, top 23% over the past 3 years, and in the 25% over the past 5 years.
