Summary

• Invesco Rochester Limited Term New York Municipal Fund Class A shares at net asset value (NAV) outperformed its style-specific index, the S&P Municipal New York Investment Grade 4-7 Years Bond Index.
• The fund's overweight in bonds with durations under one year contributed to relative performance.
• Security selection among bonds with 4% coupons, specifically those in the airport sector, detracted from relative performance.

Key takeaways

1 Fund performance

Invesco Rochester® Limited Term New York Municipal Fund Class A shares (LTNYX) at net asset value (NAV) outperformed its style-specific index, the S&P Municipal New York Investment Grade 4-7 Years Bond Index.