Invesco Value Municipal Income Closed Fund
Invesco 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 ma… Read more
Invesco Value Municipal Income Closed Fund (IIM) - Net Assets
Latest net assets as of August 2025: $566.61 Million USD
Based on the latest financial reports, Invesco Value Municipal Income Closed Fund (IIM) has net assets worth $566.61 Million USD as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($922.78 Million) and total liabilities ($356.17 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $566.61 Million |
| % of Total Assets | 61.4% |
| Annual Growth Rate | 1.27% |
| 5-Year Change | -20.23% |
| 10-Year Change | -21.15% |
| Growth Volatility | 29.59 |
Invesco Value Municipal Income Closed Fund - Net Assets Trend (2007–2025)
This chart illustrates how Invesco Value Municipal Income Closed Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Invesco Value Municipal Income Closed Fund (2007–2025)
The table below shows the annual net assets of Invesco Value Municipal Income Closed Fund from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $620.36 Million | -2.86% |
| 2024-02-29 | $638.60 Million | +3.32% |
| 2023-02-28 | $618.05 Million | -16.24% |
| 2022-02-28 | $737.84 Million | -5.12% |
| 2021-02-28 | $777.69 Million | -3.61% |
| 2020-02-29 | $806.85 Million | +9.35% |
| 2019-02-28 | $737.83 Million | -0.75% |
| 2018-02-28 | $743.44 Million | -0.80% |
| 2017-02-28 | $749.41 Million | -4.75% |
| 2016-02-29 | $786.79 Million | +0.96% |
| 2015-02-28 | $779.33 Million | +6.81% |
| 2014-02-28 | $729.67 Million | -7.47% |
| 2013-02-28 | $788.58 Million | +111.38% |
| 2009-02-28 | $373.06 Million | -21.50% |
| 2008-02-29 | $475.23 Million | -3.77% |
| 2007-02-28 | $493.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Invesco Value Municipal Income Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 253.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $663.31 Million | 106.92% |
| Total Equity | $620.36 Million | 100.00% |
Invesco Value Municipal Income Closed Fund Competitors by Market Cap
The table below lists competitors of Invesco Value Municipal Income Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
URANIUM ENERGY
MU:U6Z
|
$116.02K |
|
KLOECKNER & CO N
HM:KCO
|
$116.03K |
|
Danske Invest Select Kommuner4
CO:DSIKOM4
|
$116.03K |
|
Bexil Investment Trust
PINK:BXSY
|
$116.08K |
|
Infrastructure Dividend Split Corp.
TO:IS
|
$115.69K |
|
GLOB.HEALTH CLINICS O.N.
F:L00
|
$115.69K |
|
Brookfield Real Assets Income
NYSE:RA
|
$115.59K |
|
AMICUS THERA
BE:AM6
|
$115.59K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Invesco Value Municipal Income Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 638,604,431 to 620,360,148, a change of -18,244,283 (-2.9%).
- Net income of 21,420,291 contributed positively to equity growth.
- Dividend payments of 24,816,438 reduced retained earnings.
- Share repurchases of 49,791,160 reduced equity.
- Other factors increased equity by 34,943,024.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $21.42 Million | +3.45% |
| Dividends Paid | $24.82 Million | -4.0% |
| Share Repurchases | $49.79 Million | -8.03% |
| Other Changes | $34.94 Million | +5.63% |
| Total Change | $- | -2.86% |
Book Value vs Market Value Analysis
This analysis compares Invesco Value Municipal Income Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.77x to 0.97x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-02-28 | $16.77 | $12.85 | x |
| 2014-02-28 | $15.52 | $12.85 | x |
| 2015-02-28 | $16.57 | $12.85 | x |
| 2016-02-29 | $16.73 | $12.85 | x |
| 2017-02-28 | $15.93 | $12.85 | x |
| 2018-02-28 | $15.61 | $12.85 | x |
| 2019-02-28 | $15.70 | $12.85 | x |
| 2020-02-29 | $17.15 | $12.85 | x |
| 2021-02-28 | $16.53 | $12.85 | x |
| 2022-02-28 | $15.68 | $12.85 | x |
| 2023-02-28 | $13.13 | $12.85 | x |
| 2024-02-29 | $13.57 | $12.85 | x |
| 2025-02-28 | $13.18 | $12.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Invesco Value Municipal Income Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.51%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.47x
- Recent ROE (3.45%) is above the historical average (2.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 5.86% | 91.23% | 0.06x | 1.03x | $-20.44 Million |
| 2008 | 2.26% | 44.28% | 0.05x | 1.07x | $-36.78 Million |
| 2009 | -8.95% | -130.22% | 0.06x | 1.15x | $-70.71 Million |
| 2013 | 4.92% | 125.68% | 0.03x | 1.43x | $-40.04 Million |
| 2014 | -2.27% | -34.91% | 0.04x | 1.46x | $-89.55 Million |
| 2015 | 11.76% | 192.85% | 0.04x | 1.53x | $13.73 Million |
| 2016 | 5.95% | 93.34% | 0.04x | 1.53x | $-31.84 Million |
| 2017 | -0.05% | -0.80% | 0.04x | 1.57x | $-75.34 Million |
| 2018 | 3.91% | 98.22% | 0.02x | 1.65x | $-45.30 Million |
| 2019 | 3.89% | 97.89% | 0.02x | 1.64x | $-45.12 Million |
| 2020 | 12.65% | 99.45% | 0.08x | 1.61x | $21.41 Million |
| 2021 | 0.57% | 92.03% | 0.00x | 1.60x | $-73.33 Million |
| 2022 | -0.53% | 0.00% | 0.00x | 1.64x | $-77.69 Million |
| 2023 | -14.21% | 0.00% | -0.09x | 1.59x | $-149.66 Million |
| 2024 | 7.25% | 103.88% | 0.05x | 1.50x | $-17.54 Million |
| 2025 | 3.45% | 48.51% | 0.05x | 1.47x | $-40.62 Million |
Industry Comparison
This section compares Invesco Value Municipal Income Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $351,111,792
- Average return on equity (ROE) among peers: 0.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco Value Municipal Income Closed Fund (IIM) | $566.61 Million | 5.86% | 0.63x | $115.73K |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.37 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.38 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $788.86 Million | 18.29% | 0.62x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $190.80 Million | 139.32% | 0.02x | $73.68K |
| AGF Management Limited (AGFMF) | $908.07 Million | 4.67% | 0.50x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $2.71 Million |