Invesco Intermediate Municipal ETF

Invesco Intermediate Municipal ETF is an actively managed fixed-income exchange-traded fund focused on municipal bonds. It seeks current income that is exempt from federal income tax by investing primarily in investment-grade municipal securities, making it a specialized vehicle for investors looking for tax-advantaged municipal exposure. The fund typically maintains an intermediate duration profile, with a weighted average portfolio duration of four to six years, which positions it in the middle of the municipal bond market’s maturity spectrum. Its portfolio can include a range of issuers such as state and local governments, public authorities, utilities, housing agencies, transportation entities, and other municipal-backed projects. The ETF plays a role in the market as a diversified, professionally managed way to access the U.S. municipal fixed-income segment while emphasizing credit quality, income generation, and intermediate interest-rate sensitivity.