VKLIX Fees and Costs — Invesco Intermediate Term Municipal Income Fund, Class Y
Data updated: 2026-07-30
The net expense ratio is 0.53%: a 0.40% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 31%.
VKLIX Fees and Expenses
Annual operating expenses and sales charges of VKLIX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.53% |
| Fee waiver | — |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
VKLIX Costs Over Time
On $10,000 invested in VKLIX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
VKLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
VKLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $2K | 31.23% |
| VIRTU AMERICAS LLC | $2K | 30.01% |
| JANE STREET EXECUTION SERVICES, LLC | $1K | 22.48% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $692 | 13.22% |
| OLD MISSION MARKETS LLC | $160 | 3.06% |
VKLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $332.1M | 26.30% |
| BOFA SECURITIES, INC. | $192.5M | 15.24% |
| J.P. MORGAN SECURITIES LLC | $162.7M | 12.89% |
| JEFFERIES LLC | $108.3M | 8.58% |
| RBC CAPITAL MARKETS, LLC | $106.6M | 8.44% |
| FMSBONDS, INC. | $99.6M | 7.89% |
| BARCLAYS CAPITAL INC. | $98.6M | 7.81% |
| PERSHING LLC | $96.0M | 7.61% |
| WELLS FARGO SECURITIES, LLC | $42.4M | 3.36% |
| HILLTOP SECURITIES INC. | $23.7M | 1.88% |
Invesco Intermediate Term Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VKLSX | Class R6 | 0.48% | none |
| VKLIX | Class Y | 0.53% | none |
| VKLMX | Class A | 0.78% | 2.50% |
| VKLCX | Class C | 1.53% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.