Invesco Trust for Investment Grade Municipals
VGM
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Colin D. Meadows
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1555 Peachtree Street, N.E. Atlanta GA United States of America 30309
- IPO Date
- Feb 19, 1992
- CIK
- 0000880892
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Trust for Investment Grade Municipals (VGM) is a closed-end fixed income mutual fund that seeks to provide a high level of current income exempt from federal income tax by investing primarily in investment grade municipal securities, including municipal bonds, municipal notes, municipal commercial paper, and lease obligations. The fund employs a fundamental analysis approach with bottom-up security selection to construct its portfolio, which as of June 30, 2025, comprised 568 holdings with an option adjusted duration of 10.25 years, weighted average maturity of 20.87 years, and exposure to sectors such as hospital (15.03%), airport (12.03%), local general obligation (10.93%), dedicated tax (10.10%), and industrial development revenue/power cost recovery (8.45%), with top state allocations in New York (13.28%), Texas (10.58%), Florida (9.16%), California (9.12%), and Colorado (5.01%). It utilizes preferred leverage (27.18% as of mid-2025) and tender option bond assets to enhance income potential through a closed-end structure that supports relative value-driven decisions independent of shareholder flows. The fund operates in the U.S. fixed income markets, targeting investors seeking tax-exempt income, with credit quality allocations including AAA (6.98%), AA (39.24%), A (24.27%), BBB (10.68%), and lower-rated or non-rated holdings; approximately 19.19% of bonds are subject to the alternative minimum tax. Invesco Trust for Investment Grade Municipals was formed on January 24, 1992, and is domiciled in the United States with headquarters at 1331 Spring Street NW, Suite 2500, Atlanta, Georgia; it is managed by a team including portfolio managers Mark Paris, Jack Connelly, Joshua Cooney, Tim O’Reilly, John Schorle, Rebecca Setcavage, and Julius Williams, under the oversight of Invesco Ltd. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade Municipals. Recent developments include shareholder-approved changes to fundamental investment restrictions in September 2024, aimed at standardizing policies across the Invesco funds complex. In August 2025, Invesco announced proposed adjustments to its Canadian product line-up, reflecting ongoing strategic refinements in its broader offerings, while SEC filings through July 2025, such as DEFA14A proxy materials and N-CSR reports, indicate continued active portfolio management and oversight amid market fluctuations. As of November 30, 2025, Invesco Ltd. reported firm-wide assets under management updates, underscoring the fund's position within a leading global asset manager with operations in 20 countries.