Invesco Intermediate Term Municipal Income Fund is a mutual fund that focuses on generating tax-free income by investing primarily in intermediate-term municipal bonds. The fund emphasizes holdings in investment-grade securities, while permitting up to 35% exposure to below investment grade and non-rated bonds, offering a balanced approach between credit quality and yield potential. Its portfolio is broadly diversified, with more than 800 individual securities, and notable exposure to bonds issued by states such as New York, Florida, Texas, and California. The fund’s strategy leverages rigorous credit research and active management to identify value opportunities within the $4 trillion U.S. municipal bond market. Managed by a large and experienced team, the fund’s key goal is to deliver competitive monthly tax-exempt income while remaining attentive to risk and capital preservation. Due to the tax-exempt nature of municipal bond interest, this fund holds a unique place for investors seeking federal tax-free income, and it is benchmarked against major municipal bond indices for performance. Its strong risk-adjusted ratings reflect consistent management and performance relative to the broader muni national intermediate category.
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