Invesco High Yield Municipal Fund Class A is an open-ended mutual fund specializing in high-yield municipal bonds. Its primary objective is to provide investors with federally tax-exempt current income and potential capital appreciation by investing chiefly in a diversified portfolio of medium- and lower-grade municipal securities. These bonds are issued by U.S. states, local governments, and their agencies or instrumentalities, with interest income typically exempt from federal income tax. The fund actively seeks higher yields by focusing on securities rated below investment grade, making it a notable option for those seeking tax-advantaged income with a tolerance for increased credit and liquidity risks. Managed by an experienced team, the fund utilizes rigorous bottom-up research and risk-aware strategies to uncover value in less visible or non-rated segments of the $4 trillion municipal bond market. With a portfolio of over 1,300 holdings and significant sector and issuer diversification, the fund aims to maintain consistent monthly distribution yields while closely monitoring credit quality and market conditions. Its significant asset base and tenure since 1986 underscore its established role in offering tax-efficient income solutions for individual and institutional investors within fixed income portfolios.
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