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Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco California Value Municipal Income Trust

XVCVX | Fund

$11.13

$559 M

0.00%

1.43%

Vitals

YTD Return

-3.1%

1 yr return

0.4%

3 Yr Avg Return

-6.8%

5 Yr Avg Return

-2.9%

Net Assets

$559 M

Holdings in Top 10

10.6%

52 WEEK LOW AND HIGH

$11.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.43%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco California Value Municipal Income Trust

XVCVX | Fund

$11.13

$559 M

0.00%

1.43%

XVCVX - Profile

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return -6.8%
  • 5 Yr Annualized Total Return -2.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco California Value Municipal Income Trust
  • Fund Family Name
    Invesco Advisers, Inc
  • Inception Date
    Jul 16, 2007
  • Shares Outstanding
    47890525
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Julius Williams

Fund Description

XVCVX - Performance

Return Ranking - Trailing

Period XVCVX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -4.6% 8.4% 97.21%
1 Yr 0.4% -3.5% 30.4% 94.81%
3 Yr -6.8%* -11.3% 2.6% 96.29%
5 Yr -2.9%* -6.0% 1102.0% 96.04%
10 Yr 1.0%* -0.4% 248.1% 82.20%

* Annualized

Return Ranking - Calendar

Period XVCVX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -1.4% 41.0% 1.04%
2022 -20.3% -39.7% 0.3% 96.70%
2021 -0.8% -5.6% 6.9% 64.90%
2020 2.8% -2.6% 310.0% 9.02%
2019 4.8% 0.0% 26.0% 17.54%

Total Return Ranking - Trailing

Period XVCVX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -4.6% 8.4% 97.21%
1 Yr 0.4% -3.5% 30.4% 94.81%
3 Yr -6.8%* -11.3% 2.6% 96.29%
5 Yr -2.9%* -6.0% 1102.0% 96.04%
10 Yr 1.0%* -0.4% 248.1% 82.20%

* Annualized

Total Return Ranking - Calendar

Period XVCVX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -1.3% 41.0% 46.39%
2022 -20.3% -39.7% 1.1% 96.70%
2021 -0.8% -4.8% 23761504.0% 97.68%
2020 2.8% -1.5% 17057.9% 77.95%
2019 7.2% 0.2% 3514.6% 30.27%

NAV & Total Return History

XVCVX - Holdings

Concentration Analysis

XVCVX Category Low Category High XVCVX % Rank
Net Assets 559 M 3.22 M 71.9 B 43.86%
Number of Holdings 409 2 13067 30.77%
Net Assets in Top 10 79 M -317 M 3.4 B 50.81%
Weighting of Top 10 10.58% 1.9% 100.4% 80.66%

Top 10 Holdings

  1. CALIFORNIA ST 5% 1.52%
  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.48%
  3. SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5% 1.47%
  4. GLENDALE CALIF CMNTY COLLEGE DIST 4% 1.39%
  5. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 4% 1.31%
  6. LOS ANGELES CALIF UNI SCH DIST 4% 1.17%
  7. CALIFORNIA ST PUB WKS BRD LEASE REV 5% 1.16%
  8. TUSTIN CALIF UNI SCH DIST SPL TAX 5% 0.96%
  9. CALIFORNIA MUN FIN AUTH SPL FAC REV 4% 0.92%
  10. INLAND EMPIRE TOBACCO SECURIZATION AUTH CALIF TOB 0% 0.89%

Asset Allocation

Weighting Return Low Return High XVCVX % Rank
Bonds 		101.30% 0.00% 150.86% 5.94%
Stocks 		0.00% 0.00% 99.81% 98.06%
Preferred Stocks 		0.00% 0.00% 0.52% 89.72%
Other 		0.00% -3.18% 33.35% 85.20%
Convertible Bonds 		0.00% 0.00% 0.93% 89.75%
Cash 		-1.30% -50.86% 50.09% 98.51%

Bond Sector Breakdown

Weighting Return Low Return High XVCVX % Rank
Municipal 		100.00% 44.39% 100.00% 8.76%
Derivative 		0.00% -3.18% 23.38% 84.29%
Cash & Equivalents 		0.00% 0.00% 48.02% 95.09%
Securitized 		0.00% 0.00% 5.93% 89.75%
Corporate 		0.00% 0.00% 9.41% 90.33%
Government 		0.00% 0.00% 52.02% 90.40%

Bond Geographic Breakdown

Weighting Return Low Return High XVCVX % Rank
US 		97.07% 0.00% 142.23% 70.07%
Non US 		4.23% 0.00% 23.89% 3.43%

XVCVX - Expenses

Operational Fees

XVCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.43% 0.01% 20.65% 19.48%
Management Fee 0.55% 0.00% 1.20% 95.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

XVCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

XVCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XVCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 283.00% 23.56%

XVCVX - Distributions

Dividend Yield Analysis

XVCVX Category Low Category High XVCVX % Rank
Dividend Yield 0.00% 0.00% 14.56% 98.45%

Dividend Distribution Analysis

XVCVX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XVCVX Category Low Category High XVCVX % Rank
Net Income Ratio 4.09% -0.53% 5.33% 2.88%

Capital Gain Distribution Analysis

XVCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XVCVX - Fund Manager Analysis

Managers

Julius Williams

Start Date

Tenure

Tenure Rank

Jun 28, 2011

10.93

10.9%

Julius Williams is a Senior Portfolio Manager for Invesco municipal strategies. Mr. Williams entered the industry in 2000. Prior to joining Invesco, he was a portfolio manager and trader for municipal funds at Van Kampen. He joined Invesco in 2010 when the firm combined with Van Kampen. Mr. Williams earned a BA degree in economics and sociology, and a Master of Education degree in educational psychology from the University of Virginia.

Mark Paris

Start Date

Tenure

Tenure Rank

Mar 06, 2015

7.24

7.2%

Mark Paris is Chief Investment Officer and Head of Municipal Strategies for Invesco Fixed Income. In this capacity, he is responsible for the oversight and implementationof all municipal bond strategies. Mr. Paris entered the financial industry in 1990 and joined Invesco in 2010 when the firm combined with Van Kampen investments. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the muncipal fixed income team at Morgan Stanley/Van Kampen, which he joing in 2002. He also was previously a trader and portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank, and a trader and underwriter at NatWest Bank. Mr. Paris earned a BBA in finance from Baruch College of the City University of New York.

Jim Phillips

Start Date

Tenure

Tenure Rank

Mar 06, 2015

7.24

7.2%

Jim Phillips is a Senior Portfolio Manager for the Invesco Municipal Bond team. Mr. Phillips joined Invesco when the firm combined with Van Kampen Investments in 2010. He joined Van Kampen in 1991 as a portfolio manager for municipal strategies. Prior to that, he was at the Federal Deposit Insurance Corporation, where he managed a portfolio of distressed bank assets and at Underwood, Neuhaus & Co., where he structured municipal bond issues in the health care, senior living, and special tax sectors. He entered the financial industry in 1985. Mr. Phillips earned a BA degree in American literature from Empire State College, the independent study division of the State University of New York, and an MBA in finance from the State University of New York at Albany.

Jack Connelly

Start Date

Tenure

Tenure Rank

Apr 01, 2016

6.17

6.2%

Jack Connelly is a Senior Portfolio Manager for the Invesco Municipal Bond team. Mr. Connelly joined Invesco in 2016. Prior to joining the firm, he was senior vice president of municipal sales for Raymond James & Associates, where he entered the industry in 1994. Mr. Connelly earned a BA degree in philosophy from Wheaton College and master's degrees from the University of Rhode Island and Yale University.

Tim O’Reilly

Start Date

Tenure

Tenure Rank

Apr 01, 2016

6.17

6.2%

Tim O'Reilly is a Portfolio Manager for Invesco Municipal Strategies. Mr. O'Reilly joined Invesco in 2010 when the firm combined with Van Kampen, where he served as a senior unit trust fixed income portfolio manager, with responsibilities that included fixed income trading, risk management and credit analysis. He has a diverse knowledge base, with trading experience in municipals, corporates and equities. He joined Van Kampen in 2001. Mr. O'Reilly earned a BS degree in finance from Eastern Illinois University and an MBA in finance from the University of Illinois at Chicago. He holds the Series 7, 63 and 79 registrations.

John Schorle

Start Date

Tenure

Tenure Rank

Jun 28, 2018

3.93

3.9%

John Schorle, Portfolio Manager, who has been responsible for the Fund since 2018 and has been associated with Invesco and/or its affiliates since 2010.

Scott Cottier

Start Date

Tenure

Tenure Rank

Mar 12, 2021

1.22

1.2%

Mr. Cottier has been a Senior Vice President of OppenheimerFunds, Inc. since January 2017 and a Senior Portfolio Manager of OppenheimerFunds, Inc. since September 2002. He was Vice President of OppenheimerFunds, Inc. from September 2002 to December 2016. Mr. Cottier is a co-team leader, a portfolio manager, an officer, and a trader for the Fund and other Oppenheimer funds. Cottier has been a vice president and a senior portfolio manager with OppenheimerFunds, Inc. He has been a vice president of OppenheimerFunds, Inc. since 2002. Prior to joining it in 2002, Cottier was a portfolio manager and trader at Victory Capital Management from 1999 to 2002.

Mark DeMitry

Start Date

Tenure

Tenure Rank

Mar 12, 2021

1.22

1.2%

Mr. DeMitry has been a Vice President and Senior Portfolio Manager of OppenheimerFunds Inc since July 2009. He was an Associate Portfolio Manager with OppenheimerFunds Inc from September 2006 to June 2009. DeMitry has been an associate portfolio manager with OppenheimerFunds since September 2006 and has been a research analyst of OppenheimerFunds, Inc. since June 2003; a credit analyst of OppenheimerFunds, Inc. from July 2001 to May 2003; an associate regional sales representative of OppenheimerFunds, Inc. from December 2000 to June 2001.

Michael Camarella

Start Date

Tenure

Tenure Rank

Mar 12, 2021

1.22

1.2%

Mr. Camarella has been a Vice President and Senior Portfolio Manager of the OppenheimerFunds Inc since January 2011. He was an Assistant Vice President of OppenheimerFunds Inc from July 2009 to December 2010 and an Associate Portfolio Manager with OppenheimerFunds Inc from January 2008 to December 2010. Camarella has been a research analyst of OppenheimerFunds since February 2006. Camarella was a credit analyst of the manager from June 2003 to January 2006. Prior to joining the firm, he was employed as an investment banking analyst for Wachovia Securities in Charlotte, North Carolina.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.37 1.58

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