Invesco Municipal Income Trust (NYSE: VKQ) is a closed-end management investment company launched in 1988 and listed on the New York Stock Exchange. The trust is dedicated to providing shareholders with a high level of current income exempt from federal income taxes. Drawing on the resources of Invesco Advisers, Inc., VKQ primarily invests in investment-grade municipal securities, including general obligation bonds, revenue bonds and other municipal obligations issued by U.S. state and local governments.
The fund’s investment strategy centers on building a diversified portfolio of municipal debt instruments with an emphasis on high credit quality and attractive tax-equivalent yields. VKQ’s portfolio typically comprises long-term, fixed-rate bonds across a variety of sectors such as education, healthcare, transportation and public utilities. To enhance income potential, the trust may employ modest leverage in compliance with regulatory and internal guidelines.
Geographically, VKQ’s holdings span the continental United States, balancing statewide general obligation issues with sector-specific revenue bonds. The trust’s asset management team leverages in-house credit research and market analysis to identify undervalued opportunities, manage duration exposure and optimize the portfolio’s risk-return profile. This disciplined approach seeks to deliver consistent, tax-advantaged income and risk-adjusted returns relative to municipal bond benchmarks.
Governance of the trust is overseen by a board of trustees, the majority of whom are independent. Day-to-day portfolio management is conducted by a team of seasoned municipal fixed income specialists within Invesco’s U.S. Investment Grade Fixed Income Division. Over its history, VKQ has aimed to blend rigorous credit selection with disciplined risk management, catering to both individual and institutional investors seeking exposure to the municipal bond market.
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