Invesco Municipal Income A Fund (VKMMX - MF report) a Zacks Rank #2 (Buy) was created 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 exempt from federal income tax, consistent with preservation of capital. VKMMX invests primarily in municipal securities rated investment grade at the time of investment or unrated municipal securities believed by the fund's investment adviser to be of comparable quality (20% may consist of securities rated below investment grade). VKMMX invests at least 80% of the fund's total assets in investment grade municipal securities.
The Invesco Municipal Income A fund, managed by Invesco, carries an expense ratio of 0.85%, and requires a minimal initial investment of $1,000.
VKMMX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 6.73% and 5 year 5.97%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
VKMMX’s performance, as of the last filing, when compared to funds in its category was in the top 23% in 1 year, top 22% over the past 3 years, and in the 21% over the past 5 years.
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