IORNX

About IORNX

Invesco Rochester AMT-Free New York Municipal Fund Class R6 is a municipal bond mutual fund focused on providing tax-exempt income, specifically targeting residents of New York. The fund primarily invests in investment-grade municipal securities whose interest payments are exempt from federal, New York State, and New York City personal income taxes, with careful management to avoid exposure to the federal alternative minimum tax. The portfolio typically features a mix of high-quality and select high-yield municipal bonds, drawing from issuers such as state agencies, public utilities, and various municipal projects across New York. This approach aims to offer investors stable, monthly tax-free distributions, enhancing its appeal to those seeking income with favorable tax treatment. The fund is actively managed, leveraging deep credit research to identify compelling relative value within the New York municipal bond market. As a Class R6 share, it is structured for institutional investors and eligible retirement plans, offering a streamlined fee schedule. This fund plays a significant role in the marketplace by helping investors manage income tax liabilities while supporting the financing of public infrastructure and services in New York State.