About STMUX
The Invesco Short Term Municipal Fund R6 is a mutual fund that primarily invests in short-term, investment-grade municipal bonds. Its main objective is to provide capital preservation and generate tax-free income by selecting bonds whose interest payments are generally exempt from federal personal income taxes. The fund targets securities with an effective portfolio maturity of three years or less, which helps reduce sensitivity to interest rate fluctuations compared to longer-duration funds. Its portfolio is broadly diversified across various U.S. states and sectors, including local governments, hospitals, public utilities, education, and transport. Supported by a large and experienced management team, the fund employs rigorous fundamental analysis and a risk-aware investment process to maintain credit quality—primarily focusing on bonds rated AA and A. Suitable for investors mindful of tax efficiency, the fund distributes income monthly and typically limits exposure to bonds subject to alternative minimum tax. By concentrating on short-term maturities and high-quality issuers, the Invesco Short Term Municipal Fund R6 plays a stabilizing role in the broader municipal bond market, offering a potential source of stable, tax-advantaged income.
Fund Family Invesco
Category Muni National Short
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol STMUX
Index S&P Municipal Bond Short TR
STMUX had a total return of 1.57% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.11%.
