Invesco Pennsylvania Value Municipal Income Trust

Frequently Asked Questions About VPV

What does VPV invest in?

Invesco Pennsylvania 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 Pennsylvania 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 Pennsylvania Value Municipal Income Trust. Invesco Pennsylvania Value Municipal Income Trust was formed on April 30, 1993 and is domiciled in the United States.

What is the expense ratio of VPV?

Invesco Pennsylvania Value Municipal Income Trust (VPV) charges an expense ratio of 3.05%. This is the annual fee deducted from fund assets to cover management and operations.

What is VPV's dividend yield?

VPV's trailing-twelve-month yield is 7.44%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of VPV?

Effective duration measures VPV's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VPV's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of VPV?

VPV's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of VPV?

Yield to maturity (YTM) is the total return you'd earn from VPV if every bond in the portfolio is held to maturity at the current price. VPV's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.