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Invesco California Value Muni Inc Tr (VCV)
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Upturn Advisory Summary
01/09/2026: VCV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 11.16% | Avg. Invested days 47 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 491.01M USD | Price to earnings Ratio 28.44 | 1Y Target Price - |
Price to earnings Ratio 28.44 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.72 | 52 Weeks Range 9.51 - 11.47 | Updated Date 06/29/2025 |
52 Weeks Range 9.51 - 11.47 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 7.57% | Basic EPS (TTM) 0.36 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 45.5% | Operating Margin (TTM) 86.87% |
Management Effectiveness
Return on Assets (TTM) 2.4% | Return on Equity (TTM) 3.26% |
Valuation
Trailing PE 28.44 | Forward PE - | Enterprise Value 805296384 | Price to Sales(TTM) 12.77 |
Enterprise Value 805296384 | Price to Sales(TTM) 12.77 | ||
Enterprise Value to Revenue 35.21 | Enterprise Value to EBITDA - | Shares Outstanding 47950000 | Shares Floating - |
Shares Outstanding 47950000 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 13.37 |
Upturn AI SWOT
Invesco California Value Muni Inc Tr
Company Overview
History and Background
Invesco California Value Muni Inc Tr (often referred to as 'the Fund') is a closed-end investment fund. As a municipal bond fund, its primary objective is to provide current income that is exempt from federal income tax and, where applicable, from California state and local income taxes. While specific founding milestones are not readily available for this type of fund in the same way as an operating company, it operates under the umbrella of Invesco, a global investment management firm with a long history dating back to 1935. The evolution of such funds is typically tied to market conditions, interest rate environments, and the changing landscape of municipal finance.
Core Business Areas
- Municipal Bond Investment: The Fund's core business is investing in a diversified portfolio of municipal bonds issued by California governmental entities and authorities. These bonds are selected with the aim of generating tax-exempt income for its shareholders. The fund managers actively manage the portfolio to optimize yield while considering credit quality and interest rate sensitivity.
Leadership and Structure
As a closed-end fund, Invesco California Value Muni Inc Tr is overseen by a Board of Directors, which includes independent directors. The day-to-day management of the fund's portfolio is handled by Invesco's investment management team, led by portfolio managers specializing in municipal bonds. The specific individuals and their exact titles may vary and are detailed in the fund's prospectus and annual reports.
Top Products and Market Share
Key Offerings
- California Municipal Bonds: The Fund's primary offering is its portfolio of California municipal bonds. It aims to provide investors with a diversified exposure to this market, generating regular income that is shielded from federal and state income taxes. Market share data for individual closed-end funds is not typically tracked in the same way as actively traded companies. Competitors would include other California municipal bond funds (both closed-end and open-end), individual municipal bonds, and other tax-exempt investment vehicles.
Market Dynamics
Industry Overview
The municipal bond market is a significant segment of the U.S. fixed-income landscape, driven by the financing needs of state and local governments for infrastructure, education, and other public services. Key factors influencing this market include interest rates, inflation expectations, credit quality of issuers, and tax policies. The demand for tax-exempt income is particularly strong among high-net-worth individuals and institutional investors in high-tax states like California.
Positioning
Invesco California Value Muni Inc Tr is positioned as a provider of tax-exempt income specifically for investors seeking exposure to California municipal debt. Its competitive advantages may include the expertise of Invesco's investment team in credit analysis and portfolio management within the municipal bond sector, and potentially its historical performance and distribution consistency. However, it competes with a vast array of other municipal bond investment options.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is substantial, representing trillions of dollars in outstanding debt. For California municipal bonds specifically, the TAM is also in the hundreds of billions. Invesco California Value Muni Inc Tr's positioning within this TAM is as a single investment vehicle among many, aiming to attract a segment of investors prioritizing tax efficiency and California-specific exposure.
Upturn SWOT Analysis
Strengths
- Tax-exempt income generation for California residents
- Diversified portfolio of California municipal bonds
- Leverages Invesco's established investment management expertise
- Potential for consistent income distribution
Weaknesses
- Subject to interest rate risk
- Credit risk associated with municipal bond issuers
- Closed-end structure can lead to trading at a premium or discount to Net Asset Value (NAV)
- Limited to California municipal debt, which may not suit all investors
Opportunities
- Potential for rising interest rates to increase portfolio yield over time (if reinvested at higher rates)
- Increased demand for tax-exempt income driven by higher tax brackets
- Opportunities to invest in high-quality municipal bonds with attractive yields
- Potential for capital appreciation if interest rates fall or credit quality improves
Threats
- Rising interest rates leading to a decrease in bond prices
- Deterioration of credit quality of municipal issuers leading to defaults or downgrades
- Changes in tax legislation that could reduce the attractiveness of tax-exempt bonds
- Increased competition from other municipal bond funds and investment vehicles
Competitors and Market Share
Key Competitors
- BlackRock California Municipal Bond Trust (BQG)
- Nuveen California Municipal Value Fund (NTC)
- Oppenheimer California Municipal Fund (OALMX)
Competitive Landscape
Invesco California Value Muni Inc Tr competes in a crowded space of municipal bond funds, particularly those focused on California. Its advantages lie in its specific tax-exempt focus for California residents and the management expertise of Invesco. Disadvantages could include performance relative to peers, management fees, and the potential for its market price to deviate significantly from its NAV.
Growth Trajectory and Initiatives
Historical Growth: The 'growth' of a closed-end fund is primarily reflected in the change of its NAV and market price over time, and its ability to maintain or increase dividend distributions. Historical performance data would illustrate this trajectory. A focus on the long-term stability and income generation of the portfolio is key.
Future Projections: Future projections for a fund like this are not typically based on analyst estimates in the same way as operating companies. Instead, projections are influenced by forecasts for interest rates, the municipal bond market's health, and the fund's management strategy. The fund aims for consistent income generation rather than aggressive capital appreciation.
Recent Initiatives: Recent initiatives for such a fund would likely involve portfolio adjustments to adapt to market conditions, such as recalibrating duration, credit exposure, or seeking out new investment opportunities within the California municipal market. Specific details would be found in fund commentary and shareholder reports.
Summary
Invesco California Value Muni Inc Tr is a specialized closed-end fund focused on generating tax-exempt income from California municipal bonds. Its strengths lie in its tax efficiency for California investors and Invesco's management capabilities. However, it faces significant risks from interest rate fluctuations and credit quality changes within the municipal market. Investors should be aware of the potential for trading at a discount or premium to its Net Asset Value and consider their individual tax situations and risk tolerance.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Invesco Official Fund Reports
- Financial Data Aggregators (e.g., Bloomberg, Refinitiv, Morningstar)
- SEC Filings (EDGAR)
Disclaimers:
This JSON output is for informational purposes only and does not constitute investment advice. All data is subject to change, and investors should consult with a qualified financial advisor before making any investment decisions. Market share data and competitor information are estimates and may not be exhaustive.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco California Value Muni Inc Tr
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 1994-10-27 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Invesco California Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., Invesco Asset Management (Japan) Limited, Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen California Value Municipal Income Trust. Invesco California Value Municipal Income Trust was formed on April 30, 1993 and is domiciled in the United States.
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