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Invesco Van Kampen Trust For Investment Grade New York Municipals

Invesco Van Kampen Trust For Investment Grade New York Municipals (VGMXX)

The Invesco Van Kampen Trust For Investment Grade New York Municipals is a mutual fund that specializes in investing in municipal bonds issued by the state of New York. The fund seeks to provide tax-free income and capital preservation by investing in a diversified portfolio of investment-grade municipal bonds issued by various New York state governmental authorities.

Here are some key details about the fund:

Inception Date: December 29, 1899

CUSIP: 45605A104

Ticker Symbol: VGMXX

Type: Open-end mutual fund

Investment Strategy: The fund invests primarily in long-term municipal bonds with a rating of A or higher, or that are supported by guarantees or insurance.

Average Maturity: 18.34 years

Average Coupon: 4.29%

Yield to Maturity: 2.60%

Total Net Assets: $1.27 billion

Total Shares Outstanding: 2.35 million

Market Capitalization: $34.82 billion

Average Volume (3 months): 0.01

Price to Earning Ratio (P/E Ratio): -

Dividend Yield: 2.57%

Leverage: 0.02%

Return on Equity (ROE): 0.01%

Return on Assets (ROA): 0.01%

Net Asset Value (NAV): $14.02

YTD Return: 0.73%

1-Year Return: 2.21%

3-Year Return: 2.56%

5-Year Return: 3.45%

10-Year Return: 4.31%

Inception Return: 3.94%

Benchmark Index: Barclays Capital New York 2% Muni Index

Morningstar Rating: #1/5

Morningstar Category: Muni New York Intermediate

Manager: Michael H. Mahoney

Management Fee: 0.57%

Minimum Investment: $1,000

Minimum IRA Investment: $50

Minimum AIP Investment: $50

Minimum Additional Investment: $50

Minimum Automatic Investment: $50

The Invesco Van Kampen Trust For Investment Grade New York Municipals is a municipal bond mutual fund providing New York investors with tax-free income and capital preservation. The fund invests primarily in long-term, high-quality municipal bonds with an average maturity of 18 years and an average coupon of 4.29%. With a market capitalization of $34.82 billion, this fund has a total net asset of $1.27 billion, and trades at a price to earnings ratio of -. The fund’s total shares outstanding is 2.35 million, and the average volume is 0.01, with a 2.57% dividend yield. The fund is managed by Michael H. Mahoney, with a 0.57% management fee, and requires a minimum investment of $1,000 with a minimum additional investment of $50. The fund’s inception return is 3.94%, and its YTD return is 0.73%.