Invesco Value Municipal Income Closed Fund (IIM) - Net Assets
Based on the latest financial reports, Invesco Value Municipal Income Closed Fund (IIM) has net assets worth $595.63 Million USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($907.61 Million) and total liabilities ($311.98 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. Check asset allocation strategy of Invesco Value Municipal Income Closed Fu to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $595.63 Million |
| % of Total Assets | 65.63% |
| Annual Growth Rate | 0.99% |
| 5-Year Change | -19.27% |
| 10-Year Change | -20.52% |
| Growth Volatility | 28.72 |
Invesco Value Municipal Income Closed Fund - Net Assets Trend (2007–2026)
This chart illustrates how Invesco Value Municipal Income Closed Fund's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see IIM market cap overview.
Annual Net Assets for Invesco Value Municipal Income Closed Fund (2007–2026)
The table below shows the annual net assets of Invesco Value Municipal Income Closed Fund from 2007 to 2026. Also explore Invesco Value Municipal Income Closed Fu annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-02-28 | $595.63 Million | -3.99% |
| 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 283.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $647.09 Million | 108.64% |
| Total Equity | $595.63 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 |
|---|---|
|
Regulus Therapeutics Inc
NASDAQ:RGLS
|
$564.95 Million |
|
Galiano Gold Inc
TO:GAU
|
$564.98 Million |
|
Jiangsu Hanvo Safety Product Co. Ltd.
SHE:300952
|
$565.00 Million |
|
Rusoro Mining Ltd
V:RML
|
$565.06 Million |
|
Sunny Loan Top Co Ltd
SHG:600830
|
$564.43 Million |
|
ForFarmers NV
AS:FFARM
|
$564.30 Million |
|
MSC Income Fund, Inc.
NYSE:MSIF
|
$564.09 Million |
|
Zhangjiagang Freetrade Science and Technology Co Ltd
SHG:600794
|
$563.74 Million |
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 2025 to 2026, total equity changed from 620,360,148 to 595,632,449, a change of -24,727,699 (-4.0%).
- Net income of 18,615,282 contributed positively to equity growth.
- Dividend payments of 26,943,490 reduced retained earnings.
- Share repurchases of 16,427,007 reduced equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $18.62 Million | +3.13% |
| Dividends Paid | $26.94 Million | -4.52% |
| Share Repurchases | $16.43 Million | -2.76% |
| Other Changes | $27.52K | +0.0% |
| Total Change | $- | -3.99% |
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: 0.95x
- 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 0.72x to 0.95x 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 | $11.99 | x |
| 2014-02-28 | $15.52 | $11.99 | x |
| 2015-02-28 | $16.57 | $11.99 | x |
| 2016-02-29 | $16.73 | $11.99 | x |
| 2017-02-28 | $15.93 | $11.99 | x |
| 2018-02-28 | $15.61 | $11.99 | x |
| 2019-02-28 | $15.70 | $11.99 | x |
| 2020-02-29 | $17.15 | $11.99 | x |
| 2021-02-28 | $16.53 | $11.99 | x |
| 2022-02-28 | $15.68 | $11.99 | x |
| 2023-02-28 | $13.13 | $11.99 | x |
| 2024-02-29 | $13.57 | $11.99 | x |
| 2025-02-28 | $13.18 | $11.99 | x |
| 2026-02-28 | $12.65 | $11.99 | 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): 3.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 49.04%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.52x
- Recent ROE (3.13%) is above the historical average (2.33%), 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 |
| 2026 | 3.13% | 49.04% | 0.04x | 1.52x | $-40.95 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: $551,643,441
- Average return on equity (ROE) among peers: -41.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco Value Municipal Income Closed Fund (IIM) | $595.63 Million | 5.86% | 0.52x | $564.75 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.55 Billion | 15.37% | 0.00x | $3.30 Billion |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $175.57 Million | -11.78% | 0.57x | $77.32 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.85 Million | -51.03% | 0.55x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $330.96 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.40 Billion |
About 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