The Invesco Pennsylvania Municipal Fund Class C is a tax-exempt municipal bond mutual fund designed to provide investors with a high level of current income that is exempt from both federal and Pennsylvania personal income taxes. Its primary function is to invest at least 80% of its net assets in municipal securities issued by Pennsylvania, its municipalities, and related agencies. These securities are generally investment-grade, focusing on credit quality and income stability for residents seeking tax-advantaged income streams. The fund’s portfolio typically consists of a diverse mix of over 250 holdings, including bonds issued to support public infrastructure projects like healthcare, airports, and industrial development within Pennsylvania. Monthly dividends are a notable feature, providing consistent income to shareholders. With an inception dating back to August 1995, the fund serves as a specialized investment vehicle for individuals aiming to maximize after-tax returns through municipal bonds. It plays a significant role in enabling Pennsylvania residents to contribute to local development while seeking to preserve capital and reduce tax liability. Its emphasis on local government and agency issuers makes it particularly relevant for investors subject to Pennsylvania taxation laws.
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