Invesco Rochester Limited Term New York Municipal Fund Class C is a municipal bond mutual fund designed to provide investors with tax-free income. Its primary objective is to invest at least 80% of net assets in investment-grade municipal securities whose income is exempt from federal, New York State, and New York City personal income taxes. The fund features rigorous credit research and a diversified portfolio, with a focus on revenue and general obligation bonds issued by New York entities. As of mid-2025, the fund held nearly 500 municipal bond positions, with an average effective maturity of 5.3 years and option-adjusted duration of approximately 4.7 years. It seeks to offer competitive monthly distribution yields, benefiting investors looking for stable, tax-advantaged income. The fund manages significant assets and is structured for those seeking exposure to New York’s municipal bond market within a carefully risk-managed, income-focused strategy. Notable characteristics include a relatively high expense ratio and monthly dividend payouts, designed for investors prioritizing tax-exempt cash flow over capital appreciation in the municipal bond segment.
Based on technical indicators and chart patterns, LTNCX shows...
Market sentiment analysis indicates...