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Invesco Value Municipal Income Trust (IIM)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of June 14, 2024
Market Price $12.06 (+ $0.02)
NAV (June 14, 2024) $13.56 (+ $0.03)
Fund Listed NYSE
Premium / Discount -11.06% (-0.05%)
Fund Info
Inception Feb. 26, 1993
Sponsor Invesco Advisers
Website https://www.invesco.co...
Phone (800) 959-4246
Location Georgia
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: Current income which is exempt from federal income tax; investment-grade municipal securities
Related Indexes
National Municipal Bond Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 47,068,439
Total Assets (Reported: Feb. 29, 2024) $956M
Estimated Total Assets $997M
Net Assets $638M
Market Cap $568M
Portfolio Turnover 13.00%
Total Leverage 36.00%
Structural Leverage (out of total) 71.39%
Portfolio Leverage (out of total) 28.61%
Expense Ratio 3.18%
Non Lev Exp Ratio 0.89%
Rel Lev Cost 4.25%
Discount Data
Average Discount (3 Yr) -7.98%
Discount Low(3 Yr) -15.92%
Discount High(3 Yr) 2.40%
Discount Rel Range (3 Yr) 26.52%
Comp Discount -1.81
Discount St Dev (1Yr) 1.41
Z-Stat (6mo) 1.44
Z-Stat (1Yr) 1.29
Z-Stat (3Yr) -0.63
Comp Z-Stat (6mo) 0.47
Comp Z-Stat (3Yr) -0.25
Distribution Data
Market Yield 7.67%
Income Yield 7.67%
Lev Adj NAV Yield 5.02%
Distribution Frequency M
Current Distribution $0.077
Current Income $0.077
Ex-Date 6/18/24
Payable Date 6/28/24
Div Growth (3yr) 20.47%
Dividend Change 55.4% on 5/23/24
Expected Div 6/3/24
RoC (1yr) 7.50%
RoC (3yr) 3.46%
Tax Dividend Data 2019 2017 - 2019
Income 0% 0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 3.7% 2.0%
Volume & Liquidity
Average Daily $ (K) $1,682
Avg Volume 30 day 182,840
Avg Volume 90 day 139,431
Volume Trend 31.13%
Comp Volume Trend 29.27%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
Most Correlated Peer (Mk Pr): VKQ 94.0%
NAV - Price Correlation (30 d) 2.3%
NAV - Price Correlation (90 d) 44.8%
NAV - Price Correlation (1 Yr) 93.7%
Price St Dev (1Yr) 11.4%
NAV St Dev (1Yr) 7.1%
Earnings / Share (4/30/24) $0.041
Earn Coverage 53.05%
Earnings Trend Down
UNII / Share (4/30/24) $-0.037
Rel UNII -4.00
UNII Trend Down
Bond Specific Data
Maturity 19.32
Duration 12.63
Credit Rating (rbo) A
Investment Grade 81.33%
Non Investment Grade 5.22%
Unrated Bonds 13.45%
Average Bond Price 100.28
Discount vs Price -10.78
Coupon 4.01%
Zero Coupon 16.66%
AMT 14.18%
AMT Yield 7.37%
Bond Calls Risk 14.97%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index


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