LTBYX

About LTBYX

The Invesco Rochester Limited Term New York Municipal Fund is a municipal bond mutual fund that seeks to provide investors with tax-free income. Its primary objective is to invest at least 80% of its net assets in municipal securities, the income from which is generally exempt from both federal and New York State income taxes. The fund predominantly targets investment-grade bonds issued by New York state and local governments to finance public projects such as transportation, infrastructure, and education. Designed with a limited-term approach, the fund maintains a shorter duration, typically focusing on bonds with durations under four years, which aims to reduce interest rate risk while still offering regular tax-advantaged income. This fund is especially relevant for investors residing in New York who wish to benefit from state-specific tax exemptions. With a diversified portfolio consisting of numerous holdings across sectors including public finance, utilities, and essential services, the fund plays a critical role in supporting municipal development while offering investors access to a core fixed-income asset class with lower credit and duration risk relative to longer-term municipal bond funds.