Ticker: ORSTX (Class A)

Invesco Short Term Municipal Fund

Seeks to provide capital preservation and tax-free income by purchasing short-term investment grade bonds that are exempt from federal personal income taxes.

Product detail Fact sheet

2024 LSEG Lipper Fund Award – Best Fixed Income Group

Recognized among large U.S. investment managers for outstanding overall performance1.

Reasons to invest

The Invesco Short Term Municipal Fund seeks to provide capital preservation and tax-free income by purchasing short-term investment grade bonds that are exempt from federal personal income taxes. As one of the largest municipal bond managers, we use our size and deep experience to provide investors consistent access to bond issues.

★★★★
4-star Morningstar rating - Muni National Short Category

As of 9/30/2024 the Fund had an overall rating, based on risk-adjusted returns, of 4 stars out of 207 funds and was rated 4 stars out of 207 funds, 4 stars out of 198 funds and 4 stars out of 146 funds for the 3-, 5- and 10-year periods, respectively.

Rigorous credit research

Our large, experienced team performs in-depth fundamental research and assigns forward-looking internal ratings to every holding.

Experience that matters

We use our knowledge and relationships across the $4 trillion municipal market to uncover and capitalize on relative value opportunities.

Maximize income potential

We endeavor to provide competitive monthly distribution yields with our time-tested risk aware investment process.

FAQ

Get timely answers to important questions regarding this product.

A short term municipal fund is a mutual fund that invests in municipal bonds with shorter duration measures a bond's or fixed income portfolio's price sensitivity to interest rate changes., typically of four years or less.

The main advantage of short term funds is that they are typically less sensitive to interest rates than funds that invest in bonds with longer durations.

The income on municipal bonds is typically exempt from federal taxes, as well as potentially from state and local taxes. The tax benefits of municipal bonds make them attractive relative to taxable bonds with equivalent yields, especially for investors in higher tax brackets.

The following share classes are offered for this fund: Class A, Class R6 and Class Y.

Explore related funds

To learn more about our municipal fixed income offerings, explore the funds below.

  • US Fixed Income

    VKMMX

    Mutual Fund

    Invesco Municipal Income Fund

    Fixed Income
  • US Fixed Income

    ACTHX

    Mutual Fund

    Invesco High Yield Municipal Fund

    Fixed Income

Footnotes

  • The Fund’s investment objective is to seek tax-free income.

  • Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2024 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.
  • 1

    Source: LSEG Lipper Fund Awards. © 2024 LSEG Lipper. All The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed. LSEG Lipper Inc. is a major independent mutual fund tracking organization.