XVPVX: Invesco PA Value Muni Income Trust

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

XVPVX Invesco PA Value Muni Income Trust


Profile

XVPVX - Profile

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return -0.5%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $346 M
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$13.62
$12.29
$14.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Muni Pennsylvania

Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Pennsylvania Value Municipal Income Trust
  • Fund Family Name
    Invesco Advisers, Inc
  • Inception Date
    Apr 30, 1993
  • Shares Outstanding
    23829544
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Julius Williams

Fund Description

N/A


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

XVPVX - Performance

Return Ranking - Trailing

Period XVPVX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -4.1% 1.0% 81.58%
1 Yr -0.2% -3.0% 8.6% 52.70%
3 Yr -0.5%* -1.1% 4.4% 88.89%
5 Yr -1.4%* -1.5% 3.5% 98.59%
10 Yr 0.0%* -0.8% 4.0% 64.15%

* Annualized

Return Ranking - Calendar

Period XVPVX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% 0.0% 8.0% 16.22%
2018 -4.8% -4.8% 7.4% 100.00%
2017 1.9% -6.5% 3.5% 26.39%
2016 -4.7% -6.4% -1.1% 92.96%
2015 -1.0% -4.7% 0.6% 88.73%

Total Return Ranking - Trailing

Period XVPVX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -4.1% 1.0% 81.58%
1 Yr -0.2% -3.0% 9.2% 52.70%
3 Yr -0.5%* -1.1% 3.4% 91.67%
5 Yr -1.4%* -1.5% 2.5% 98.59%
10 Yr 0.0%* -0.8% 3.5% 79.25%

* Annualized

Total Return Ranking - Calendar

Period XVPVX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% 0.0% 8.5% 16.22%
2018 -4.8% -4.8% 7.3% 100.00%
2017 1.9% -6.5% 3.5% 27.78%
2016 -4.7% -6.4% -1.1% 92.96%
2015 -1.0% -4.7% 0.6% 88.73%

NAV & Total Return History


Holdings

XVPVX - Holdings

Concentration Analysis

XVPVX Category Low Category High XVPVX % Rank
Net Assets 346 M 55.7 M 1.8 B 25.00%
Number of Holdings 212 56 564 32.00%
Net Assets in Top 10 42.2 M 9.28 M 336 M 49.33%
Weighting of Top 10 12.10% 10.2% 39.3% 98.67%

Top 10 Holdings

  1. PENNSYLVANIA ST TPK COMMN TPK REV 6.25% 1.60%
  2. Shortfall Swap 0.01 09-15-30 1.45%
  3. MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV 5% 1.17%
  4. TENDER OPT BD TR RCPTS / CTFS VAR STS 12.45% 1.15%
  5. TENDER OPT BD TR RCPTS / CTFS VAR STS 11.34% 1.14%
  6. CUMBERLAND CNTY PA MUN AUTH REV 5% 1.13%
  7. PENNSYLVANIA ST 14.62% 1.12%
  8. PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5% 1.12%
  9. PENNSYLVANIA ECONOMIC DEV FING AUTH REV 5% 1.11%
  10. PHILADELPHIA PA HOSPS & HIGHER ED FACS AUTH REV 5% 1.10%

Asset Allocation

Weighting Return Low Return High XVPVX % Rank
Bonds
100.37% 17.56% 141.46% 14.47%
Cash
1.08% -43.15% 82.44% 36.00%
Stocks
0.00% 0.00% 0.00% 36.84%
Preferred Stocks
0.00% 0.00% 0.00% 37.33%
Convertible Bonds
0.00% 0.00% 0.00% 37.33%
Other
-1.45% -1.45% 1.94% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High XVPVX % Rank
Municipal
98.93% 17.56% 100.92% 62.67%
Cash & Equivalents
1.07% 0.00% 82.44% 40.00%
Derivative
0.00% 0.00% 0.00% 37.33%
Securitized
0.00% 0.00% 0.00% 37.33%
Corporate
0.00% -1.04% 0.57% 40.00%
Government
0.00% 0.00% 0.34% 38.67%

Bond Geographic Breakdown

Weighting Return Low Return High XVPVX % Rank
US
96.07% 17.56% 135.59% 20.00%
Non US
4.30% 0.00% 21.56% 66.67%

Expenses

XVPVX - Expenses

Operational Fees

XVPVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.73% 0.33% 2.75% 2.63%
Management Fee 0.55% 0.30% 0.80% 75.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.30% N/A

Sales Fees

XVPVX 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% 4.00% N/A

Trading Fees

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

XVPVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 4.67% 67.00% 19.74%

Distributions

XVPVX - Distributions

Dividend Yield Analysis

XVPVX Category Low Category High XVPVX % Rank
Dividend Yield 0.00% 0.00% 1.52% 68.42%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XVPVX Category Low Category High XVPVX % Rank
Net Income Ratio 4.54% 1.05% 4.59% 2.63%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

XVPVX - Fund Manager Analysis

Managers

Julius Williams


Start Date

Tenure

Tenure Rank

Jun 01, 2010

9.75

9.8%

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.

James Phillips


Start Date

Tenure

Tenure Rank

Mar 06, 2015

4.99

5.0%

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.

Mark Paris


Start Date

Tenure

Tenure Rank

Mar 06, 2015

4.99

5.0%

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.

Tim O’Reilly


Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.92

3.9%

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

3.92

3.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 29.35 6.69 12.63