Invesco Quality Municipal Income Trust

Frequently Asked Questions About IQI

What does IQI invest in?

The Invesco Quality Municipal Income Trust operates as a closed-ended mutual fund focusing on fixed income, having been established by Invesco Ltd. Its management responsibilities are collaboratively handled by a consortium of Invesco entities, including Invesco Advisers, Inc., INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. This trust primarily allocates capital within the fixed income markets of the United States. A substantial portion of its portfolio is dedicated to investment-grade municipal securities, encompassing municipal bonds, notes, and commercial paper. Portfolio construction relies on a strategy combining fundamental analysis with a bottom-up approach to security selection. Historically, the trust operated under the designation of Morgan Stanley Quality Municipal Income Trust. Its inception date was September 29, 1992, and it maintains its domicile in the United States.

What is the expense ratio of IQI?

Invesco Quality Municipal Income Trust (IQI) charges an expense ratio of 3.00%. This is the annual fee deducted from fund assets to cover management and operations.

What is IQI's dividend yield?

IQI's trailing-twelve-month yield is 7.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of IQI?

Effective duration measures IQI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. IQI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of IQI?

IQI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of IQI?

Yield to maturity (YTM) is the total return you'd earn from IQI if every bond in the portfolio is held to maturity at the current price. IQI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.