Invesco Intermediate Term Municipal Income Fund

The Invesco Intermediate Term Municipal Income Fund is a fixed income mutual fund focused on generating tax-exempt income through investment in intermediate-term municipal bonds. The fund primarily invests in a diversified portfolio of investment grade and high yield municipal bonds, which are generally exempt from federal personal income taxes, making it particularly attractive to investors seeking tax-efficient income. Its portfolio consists largely of revenue bonds and general obligation bonds issued by state and local governments to finance public infrastructure projects such as schools, highways, and utilities. The fund maintains an average effective maturity in the intermediate range, typically around 7 years, and emphasizes capital preservation alongside income generation. Managed by a team with deep experience in municipal markets, the fund leverages thorough research and size to consistently access a wide array of bond issues. As one of the larger municipal bond managers, Invesco’s approach enables the fund to navigate the complex $4 trillion municipal bond market and provide competitive yield opportunities, while also managing credit and interest rate risks for its investors.