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Invesco Trust For Inv Grade Munis (VGM)
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Upturn Advisory Summary
12/05/2025: VGM (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 9.29% | Avg. Invested days 48 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 514.12M USD | Price to earnings Ratio 24.95 | 1Y Target Price - |
Price to earnings Ratio 24.95 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.67 | 52 Weeks Range 9.28 - 10.70 | Updated Date 06/29/2025 |
52 Weeks Range 9.28 - 10.70 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 8.18% | Basic EPS (TTM) 0.38 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 47.96% | Operating Margin (TTM) 87.17% |
Management Effectiveness
Return on Assets (TTM) 2.49% | Return on Equity (TTM) 3.34% |
Valuation
Trailing PE 24.95 | Forward PE - | Enterprise Value 794670016 | Price to Sales(TTM) 12.15 |
Enterprise Value 794670016 | Price to Sales(TTM) 12.15 | ||
Enterprise Value to Revenue 27 | Enterprise Value to EBITDA - | Shares Outstanding 54232000 | Shares Floating - |
Shares Outstanding 54232000 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 37.63 |
Upturn AI SWOT
Invesco Trust For Inv Grade Munis
Company Overview
History and Background
Invesco Trust for Inv Grade Munis (MUI) is a closed-end investment fund established in 1984, managed by Invesco Advisers, Inc. It aims to provide its shareholders with current income that is exempt from federal income tax. The trust's investment objective is to achieve this by investing in a diversified portfolio of investment-grade municipal securities.
Core Business Areas
- Municipal Bond Investing: The primary and sole business of Invesco Trust for Inv Grade Munis is to invest in and manage a portfolio of municipal bonds, with a focus on those rated as investment-grade. This involves selecting securities, managing credit risk, and monitoring interest rate sensitivity.
Leadership and Structure
The trust is managed by Invesco Advisers, Inc. The specific individuals involved in the day-to-day management and oversight are typically listed in the fund's prospectus and annual reports. As a closed-end fund, it has a board of trustees responsible for the fund's governance and shareholder interests.
Top Products and Market Share
Key Offerings
- Competitors: Other closed-end municipal bond funds, open-end municipal bond mutual funds, and municipal bond ETFs from firms like BlackRock (iShares), Vanguard, State Street (SPDR), Nuveen, PIMCO.
- Description: A closed-end fund focused on generating tax-exempt income through investments in investment-grade municipal bonds. The fund aims to provide current income to shareholders and preserve capital.
- Market Share Data: As a specific closed-end fund, direct market share data is not typically reported in the same way as for publicly traded companies. Its market position is relative to other municipal bond funds, both closed-end and open-end, and ETFs.
- Product Name: Invesco Trust For Inv Grade Munis (MUI)
Market Dynamics
Industry Overview
The municipal bond market is a significant segment of the U.S. fixed-income landscape, providing financing for public projects. It is influenced by interest rate movements, inflation expectations, credit quality of issuers, and tax policy changes. The demand for tax-exempt income is a key driver for this market.
Positioning
Invesco Trust for Inv Grade Munis (MUI) is positioned as a provider of tax-exempt income for investors seeking diversification and income generation from fixed-income assets. Its competitive advantage lies in its long history, Invesco's broader investment management expertise, and its focus on investment-grade securities for stability.
Total Addressable Market (TAM)
The TAM for municipal bonds is vast, representing trillions of dollars in outstanding debt. Invesco Trust for Inv Grade Munis's position within this TAM is as one of many vehicles available for investors to access this market, competing for investor capital with a multitude of other funds and individual bond offerings.
Upturn SWOT Analysis
Strengths
- Established track record and history.
- Focus on investment-grade securities for relative stability.
- Potential for tax-exempt income generation.
- Managed by a reputable investment management firm (Invesco).
Weaknesses
- Closed-end structure can lead to trading at a premium or discount to Net Asset Value (NAV).
- Interest rate sensitivity inherent in bond investments.
- Limited diversification beyond municipal bonds.
- Management fees can impact net returns.
Opportunities
- Potential for rising interest rates to increase bond yields over time (though this can also be a threat in the short term).
- Increased investor demand for tax-efficient income solutions.
- Opportunities to capitalize on specific municipal sectors or regions facing favorable economic conditions.
Threats
- Rising interest rates leading to a decrease in bond values.
- Deterioration of credit quality among municipal issuers.
- Changes in tax laws that reduce the attractiveness of tax-exempt income.
- Increased competition from other investment vehicles.
Competitors and Market Share
Key Competitors
- Nuveen AMT-Free Municipal Credit Opportunities Fund (NMCO)
- BlackRock Municipal Income Fund III (BFK)
- PIMCO Municipal Income Fund III (PMX)
Competitive Landscape
MUI competes based on its yield, tax-exempt status, expense ratio, and management's ability to select creditworthy municipal bonds. Its advantage lies in its focus on investment-grade and Invesco's brand, while competitors may offer different risk profiles or yield levels. The closed-end structure means market price can deviate from NAV, creating opportunities for arbitrage but also risk.
Growth Trajectory and Initiatives
Historical Growth: Growth for MUI is measured by the growth in its NAV and its ability to maintain or increase income distributions. Historical performance would show trends in NAV per share and dividend payouts.
Future Projections: Future projections are subject to market conditions, interest rate environments, and the fund's investment strategy. Analyst projections typically focus on potential NAV changes and income generation rather than top-line revenue growth.
Recent Initiatives: As a fixed-income trust, 'initiatives' are more likely to be portfolio adjustments (e.g., sector rebalancing, credit quality shifts) rather than new product launches or market expansion efforts.
Summary
Invesco Trust For Inv Grade Munis (MUI) is a mature closed-end fund focused on tax-exempt income from investment-grade municipal bonds. Its strengths lie in its history and Invesco's management, but it faces challenges from interest rate sensitivity and the typical premiums/discounts associated with closed-end funds. The market for municipal bonds is large, and MUI competes by offering stable, tax-advantaged income, though it needs to actively manage credit and interest rate risks.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Invesco official fund documents (prospectus, annual reports)
- Financial data providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Municipal bond market analysis reports
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Performance data and market share information are estimates and subject to change. Investors should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
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 Trust For Inv Grade Munis
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 1992-02-19 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Invesco Trust for Investment Grade Municipals 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 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 Trust for Investment Grade Municipals. Invesco Trust for Investment Grade Municipals was formed on January 24, 1992 and is domiciled in the United States.
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