Invesco Value Municipal Income (IIM) vs Western Asset Managed Municipals Fund (MMU)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Invesco Value Municipal Income is the larger company by market cap ($514.6 million vs $499.9 million), about 1.0 times the size. On valuation, Western Asset Managed Municipals Fund trades at a lower trailing P/E (9.7x vs 27.3x for Invesco Value Municipal Income). Invesco Value Municipal Income offers the higher dividend yield (8.47% vs 7.11%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IIM | MMU |
|---|---|---|
| Share price | $10.93 | $9.20 |
| Market cap | $514.59M | $499.90M |
| 1-day change | +1.53% | +2.79% |
| YTD return | -12.66% | — |
| 1-year return | -14.81% | — |
| 5-year return | -33.04% | — |
| P/E ratio (TTM) | 27.31 | 9.68 |
| EPS (TTM) | $0.40 | $0.95 |
| Dividend yield | 8.47% | 7.11% |
| Annual dividend | $0.925 | $0.654 |
| 52-week high | $13.17 | $10.71 |
| 52-week low | $10.27 | $8.71 |
| Distance from 52-week high | -17.05% | -14.10% |
| Analyst consensus | none | strong_buy |
| Average volume | 148.39K | 184.39K |
| Shares outstanding | 47.10M | 54.34M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Invesco Value Municipal Income trades at a higher earnings multiple (27.3x vs 9.7x trailing P/E).
- Invesco Value Municipal Income offers a meaningfully higher dividend yield (8.47% vs 7.11%).
About Invesco Value Municipal Income
IIM stock →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.
Finance · Investment Managers
About Western Asset Managed Municipals Fund
MMU stock →Western Asset Managed Municipals Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Finance · Investment Managers
IIM vs MMU FAQ
Which is bigger, Invesco Value Municipal Income or Western Asset Managed Municipals Fund?
Invesco Value Municipal Income (IIM) is larger, with a market capitalization of $514.59M compared with $499.90M for Western Asset Managed Municipals Fund (MMU).
Which has the lower P/E ratio, IIM or MMU?
MMU has the lower trailing P/E at 9.7, versus 27.3 for IIM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Invesco Value Municipal Income or Western Asset Managed Municipals Fund?
Invesco Value Municipal Income has the higher yield at 8.47%, compared with 7.11% for Western Asset Managed Municipals Fund.
Are Invesco Value Municipal Income and Western Asset Managed Municipals Fund in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.