IQI - Invesco Quality Municipal Income Trust

What this means for you

Karpus owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. May 19, 2026

   JPMorgan Chase Bank, National Association filed an updated notice; it still owns 100% of the fund's preferred shares, not the common shares most holders own.

   Original document →

2. May 7, 2026

   JPMorgan Chase Bank, National Association filed an updated notice; it still owns 100% of the fund's preferred shares, not the common shares most holders own.

   Original document →

3. June 2, 2025

   JPMorgan Chase Bank, National Association now owns 100% of the fund's preferred shares, not the common shares most holders own.

   Original document →

4. April 29, 2025

   The fund said it will repay some borrowed money on May 29, 2025.

   Original document →

5. Dec 20, 2024

   Bank of America Corp. sold down below 5% of the fund's preferred shares and stopped reporting.

   Original document →

About this fund

• Run by Invesco Advisers, Inc. As of Feb 28, 2026, from the fund's yearly report. Original document →
• Size: about $515 million of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 35% on top of its own money, as of Aug 31, 2026. Borrowed money makes gains and losses bigger. About 56% of that is money the fund has borrowed by selling preferred shares. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.8% a year in management fees; 2.8% a year in total, including interest on borrowed money. Fiscal year ended Feb 28, 2026. As of Feb 28, 2026, from the fund's yearly report. Original document →
  Among the 76 funds we follow that invest in tax-free municipal bonds, 52 charge a lower management fee and 32 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year the fund told the regulator that part of what it paid out was not income (it came from gains or from your own money back). Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Feb 28, 2026, from the fund's yearly report. Original document →
• Value of holdings per share at the last fiscal year end (Feb 28, 2026): $10.37. The shares traded at $10.17, about 1.9% below that. As of Feb 28, 2026, from the fund's yearly report. Original document →
• How the holdings did: down 1.9% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• The fund had about 52.9 million shares at Feb 28, 2023. As of Feb 28, 2023, from the fund's annual report. Original document →
• First reported to the regulator in 1994.

What a holder made

• The year ended Feb 28, 2023: the shares returned -15.7%, counting payouts; the holdings -12.5%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Feb 28, 2023, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: +7.1%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

All tax-free municipal bonds (100%). All of it issued in the U.S.

1. North Texas Tollway Authority, Series 2008 D, Ref. RB - 3.5%
2. William S. Hart Union High School District (Election of 2008), Series 2009 A, GO Bonds - 3.4%
3. City of Palm Coast FL Utility Revenue, Series 2026, RB - 1.9%
4. Tarrant (County of), TX, Series 2022, GO Bonds - 1.8%
5. New Jersey (State of) Transportation Trust Fund Authority, Series 2006 C, RB - 1.6%
6. Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB - 1.4%
7. Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2019 B, RB - 1.2%
8. California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB - 1.2%
9. Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB - 1.1%
10. New York Liberty Development Corp. (3 World Trade Center), Series 2014-1, Ref. RB - 1%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →