VMIIX

About VMIIX

Invesco Municipal Income Fund Class Y is an actively managed mutual fund within the municipal bond asset category. The fund’s core purpose is to generate a high level of current income that is exempt from federal income tax, aligning with the objective of capital preservation. It achieves this by investing at least 80% of its assets in a diversified portfolio of investment-grade municipal securities, which are debt instruments issued by state and local governments primarily to finance public projects such as infrastructure, schools, and transportation systems. Featuring a portfolio that typically spans over 600 holdings with an effective duration of around 9 years, the fund's structure is categorized as “Muni National Long.” This classification indicates a focus on longer-term bonds from multiple states, helping to spread risk and provide steady, tax-advantaged income. With monthly income payouts and assets under management approaching $3 billion, Invesco Municipal Income Fund Class Y plays a significant role for investors seeking stable, tax-free yields and diversification within the fixed income sector, particularly for those in higher tax brackets aiming to enhance after-tax returns.