Invesco Rochester AMT-Free New York Municipal Fund Class Y is a tax-exempt municipal bond mutual fund designed for investors seeking income exempt from federal and New York State income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities issued by New York governmental entities, emphasizing revenue bonds that support infrastructure and public projects across the state. With more than 300 holdings and a weighted average maturity exceeding 22 years, the fund strives to provide competitive monthly income distributions while navigating credit and interest rate risks through rigorous fundamental credit research and a collaborative management approach. It is specifically structured to avoid exposure to the alternative minimum tax, making it attractive to residents of New York aiming to maximize after-tax income. The fund plays a strategic role in the municipal bond market by offering investors access to professionally managed, locally focused fixed income, and its diversified holdings reflect a mix of essential services and development sectors throughout New York State.
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