VCV - Invesco California Value Municipal Income Trust
A closed-end fund run by Invesco. Invests in tax-free municipal bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
No - nobody has reported owning 5% or more of this fund.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.
Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.
What happened, and when
-
Jan 28, 2026
The fund said it may sell new shares.
Original document → -
Jan 23, 2026
The fund said it may sell new shares.
Original document → -
Sept 12, 2025
The fund said it may sell new shares.
Original document →
About this fund
- Run by Invesco Advisers, Inc. As of Feb 28, 2026, from the fund's yearly report. Original document →
- Size: about $506 million of holdings, as of May 31, 2026. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 38% on top of its own money, as of May 31, 2026. Borrowed money makes gains and losses bigger. About 58% of that is money the fund has borrowed by selling preferred shares. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.9% a year in management fees; 3.2% a year in total, including interest on borrowed money. Fiscal year ended Feb 28, 2026. As of Feb 28, 2026, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended Feb 28, 2026) the fund paid $0.78 a share. $0.44 of that was income; $0.34 was your own money back, not income. As of Feb 28, 2026, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (Feb 28, 2026): $10.53. The shares traded at $11.32, about 7.5% above that. As of Feb 28, 2026, from the fund's yearly report. Original document →
- How the holdings did: down 0.8% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +9.8%. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended Feb 28, 2026): the value of the holdings returned +2.8%. How the share price did: the shares returned +10% over the same year, counting payouts and the change in the market price. As of Feb 28, 2026, from the fund's annual report. Original document →
- First reported to the regulator in 1994.
+9%-5%
June 2024May 2026
What the fund holds
Almost all tax-free municipal bonds (100%). About 100% issued in the U.S.
- California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2021 A, Ref. RB - 7%
- Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building), Series 2018, RB - 4.7%
- San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB - 4%
- Los Angeles (County of), CA Public Works Financing Authority (Green Bonds), Series 2021 F, RB - 3.1%
- San Mateo (County of), CA Joint Powers Financing Authority (Capital), Series 2018 A, RB - 2.5%
- California (State of), Series 2024, GO Bonds - 2.1%
- San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB - 2.1%
- University of California (Limited), Series 2018 O, Ref. RB - 2%
- Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB - 2%
- California State University, Series 2017 A, Ref. RB - 2%
Show all 25
- San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB - 2%
- San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds), Series 2022 D-1, GO Bonds - 2%
- North Orange County Community College District, Series 2022 C, GO Bonds - 1.9%
- California (State of) Public Works Board (Various Capital), Series 2021 B, RB - 1.9%
- Regents of the University of California Medical Center, Series 2022 P, RB - 1.8%
- Long Beach Unified School District, Series 2026, GO Bonds - 1.7%
- California (State of) Municipal Finance Authority (Aldersly), Series 2023 A, RB - 1.6%
- California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System), Series 2021 A, Ref. RB - 1.6%
- City of Los Angeles Department of Airports, Series 2022 H, RB - 1.6%
- California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing), Series 2019, RB - 1.6%
- California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB - 1.5%
- William S. Hart Union High School District (Election of 2008), Series 2009 A, GO Bonds - 1.5%
- Cambrian School District - 1.5%
- California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB - 1.5%
- University of California, Series 2020 BE, Ref. RB - 1.5%
As of May 31, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
No notices from large investors on file.
| Date | What | Deadline | Document |
|---|---|---|---|
| Jan 28, 2026 | May sell new shares | none | Original document → |
| Jan 23, 2026 | May sell new shares | none | Original document → |
| Sept 12, 2025 | May sell new shares | none | Original document → |
- Run by
- Invesco Advisers, Inc.
- Fund family
- INVESCOFDS
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-07404
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- Feb 28, 2026
- Number of holdings
- 345
- Preferred share classes
- 1
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