VKPYX: Invesco PA Tax Free Income Y

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VKPYX Invesco PA Tax Free Income Y

  • Fund
  • VKPYX
  • Price as of: Jan 17, 2020
  • $16.48
    - $0.00 - 0.00%

Profile

VKPYX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $152 M
  • Holdings in Top 10 14.7%

52 WEEK LOW AND HIGH

$16.48
$15.89
$16.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.07%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Pennsylvania

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.57%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Pennsylvania Tax Free Income Fund Class Y
  • Fund Family Name
    Invesco
  • Inception Date
    Jun 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Julius Williams

Fund Description

The fund invests, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in Pennsylvania municipal securities at the time of investment. It may not, however, invest more than 25% of its net assets in industrial development revenue bonds issued for companies in the same industry.


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Categories

Performance

VKPYX - Performance

Return Ranking - Trailing

Period VKPYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% 0.0% 1.5% 50.00%
1 Yr 3.5% 0.1% 11.7% 76.92%
3 Yr 0.5%* -1.0% 7.6% 88.31%
5 Yr -0.4%* -1.2% 5.9% 80.52%
10 Yr N/A* -0.6% 6.2% 8.93%

* Annualized

Return Ranking - Calendar

Period VKPYX Return Category Return Low Category Return High Rank in Category (%)
2019 2.8% 0.0% 8.0% 84.00%
2018 -3.1% -4.8% 7.4% 89.33%
2017 1.7% -6.5% 3.5% 37.84%
2016 -2.8% -6.4% -1.1% 47.30%
2015 -0.3% -4.7% 0.6% 59.46%

Total Return Ranking - Trailing

Period VKPYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% 0.0% 1.5% 50.00%
1 Yr 3.5% 0.1% 11.7% 73.08%
3 Yr 0.5%* -1.0% 7.6% 89.61%
5 Yr -0.4%* -1.2% 5.9% 84.42%
10 Yr N/A* -0.6% 6.2% 7.14%

* Annualized

Total Return Ranking - Calendar

Period VKPYX Return Category Return Low Category Return High Rank in Category (%)
2019 2.8% 0.0% 8.5% 84.00%
2018 -3.1% -4.8% 7.3% 89.33%
2017 1.7% -6.5% 3.5% 48.65%
2016 -2.8% -6.4% -1.1% 47.30%
2015 -0.3% -4.7% 0.6% 60.81%

NAV & Total Return History


Holdings

VKPYX - Holdings

Concentration Analysis

VKPYX Category Low Category High VKPYX % Rank
Net Assets 152 M 55.7 M 1.76 B 69.23%
Number of Holdings 170 49 564 49.35%
Net Assets in Top 10 21.2 M 9.28 M 336 M 90.91%
Weighting of Top 10 14.71% 10.2% 42.5% 85.71%

Top 10 Holdings

  1. LANCASTER CNTY PA HOSP AUTH REV 1.36% 2.99%
  2. ALLEGHENY CNTY PA HIGHER ED BLDG AUTH UNIV REV 1.32% 1.94%
  3. PENNSYLVANIA ST TPK COMMN TPK REV 6.25% 1.77%
  4. PENNSYLVANIA ST TPK COMMN TPK REV 6.38% 1.30%
  5. MONTGOMERY CNTY PA INDL DEV AUTH REV 6.62% 1.16%
  6. PENNSYLVANIA ST UNIV 5% 1.15%
  7. PHILADELPHIA PA AUTH FOR INDL DEV REVS 5.25% 1.14%
  8. FULTON CNTY PA INDL DEV AUTH HOSP REV 5% 1.12%
  9. MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH HOSP REV 5% 1.06%
  10. PHILADELPHIA PA HOSPS & HIGHER ED FACS AUTH REV 5% 1.06%

Asset Allocation

Weighting Return Low Return High VKPYX % Rank
Bonds
99.63% 17.56% 139.76% 32.05%
Cash
0.37% -40.79% 82.44% 62.34%
Stocks
0.00% 0.00% 0.00% 92.31%
Preferred Stocks
0.00% 0.00% 0.00% 92.21%
Other
0.00% -7.55% 26.55% 72.73%
Convertible Bonds
0.00% 0.00% 0.00% 92.21%

Bond Sector Breakdown

Weighting Return Low Return High VKPYX % Rank
Municipal
99.63% 17.56% 100.92% 41.56%
Cash & Equivalents
0.37% 0.00% 82.44% 62.34%
Derivative
0.00% 0.00% 0.00% 92.21%
Securitized
0.00% 0.00% 11.28% 92.21%
Corporate
0.00% -1.04% 0.47% 89.61%
Government
0.00% -2.21% 0.13% 87.01%

Bond Geographic Breakdown

Weighting Return Low Return High VKPYX % Rank
US
96.22% 17.56% 132.28% 33.77%
Non US
3.41% 0.00% 22.85% 49.35%

Expenses

VKPYX - Expenses

Operational Fees

VKPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.33% 2.75% 48.05%
Management Fee 0.50% 0.30% 0.80% 56.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.30% N/A

Sales Fees

VKPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

VKPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

VKPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 4.67% 67.00% 46.15%

Distributions

VKPYX - Distributions

Dividend Yield Analysis

VKPYX Category Low Category High VKPYX % Rank
Dividend Yield 0.33% 0.00% 2.41% 80.77%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VKPYX Category Low Category High VKPYX % Rank
Net Income Ratio 3.57% 1.05% 4.59% 16.88%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VKPYX - Fund Manager Analysis

Managers

Julius Williams


Start Date

Tenure

Tenure Rank

Dec 07, 2009

10.07

10.1%

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

4.82

4.8%

Mark Paris serves as Senior Portfolio Manager and Head of Portfolio Management and Trading for Invesco Municipal Bond Team. Mr. Paris entered the industry in 1990 and joined Invesco in 2010. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the Municipal Fixed Income team at Morgan Stanley, which he joined in 2002. He also was previously a trader/portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank and a trader/underwriter at NatWest Bank. Mr. Paris earned a BBA degree in finance from Baruch College – The City University of New York (CUNY). He holds the Series 7, 24, 79, 53 and 63 registrations.

James Phillips


Start Date

Tenure

Tenure Rank

Mar 06, 2015

4.82

4.8%

James Phillips is a Senior Portfolio Manager for Invesco municipal strategies. Mr. Phillips joined Invesco in 2010, when the firm combined with Van Kampen. At Van Kampen, which he joined in 1991, he was a portfolio manager for municipal strategies. He also served as a credit analyst and has specialized in researching nonrated municipal bonds across all sectors. Previously, he was at the Federal Deposit Insurance Corporation, where he managed a portfolio of distressed bank assets. He started in the municipal bond market at Underwood, Neuhaus & Co. in Houston, structuring municipal bond issues in the health care, senior living and special tax sectors. He entered the 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.

Tim O’Reilly


Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.75

3.8%

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 Connelly


Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.75

3.8%

John Connelly, has been associated with Invesco and/or its affiliates since 2016. From 1994 to 2015, he was employed by Raymond James & Associates, where he served as Senior Vice President of Municipal High Yield Trading from 2012 to 2015. Prior to 2012, he served as Director of the Municipal High Yield Trading Group.

John Schorle


Start Date

Tenure

Tenure Rank

Jun 28, 2018

1.51

1.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 29.18 5.85 0.11