Invesco Trust for Investment Grade Municipals reports fiscal-year results for the period ended February 28, 2026. The Trust’s 1-year total return was 3.47% at NAV and 10.91% at market price, lagging its style benchmark, the S&P Municipal Bond 5+ Year Investment Grade Index (5.24%).
Management attributes performance drivers to sector and state positioning, overweight allocations (health care, non-rated bonds), an overweight in Alabama and use of leverage, which represented 36% of total assets at year end. The report also includes the amended Declaration of Trust and Bylaws and a Dividend Reinvestment Plan description.
JPMorgan Chase Bank, National Association reports beneficial ownership of 1,823 Variable Rate Muni Term Preferred Shares, Series 2015/6-VGM (CUSIP 46131M866), representing 100.00% of the class of those preferred shares, based on information supplied by the issuer. JPMorgan holds no sole voting power, shared voting power for 1,823 shares, sole dispositive power for 1,823 shares and no shared dispositive power.
The filing explains that certain voting rights were assigned to a voting trust on May 8, 2012, where a Voting Consultant recommends votes to a Voting Trustee who is obligated to follow those recommendations. On October 17, 2019 JPM deposited the VMTP into a tender option bond trust (TOB) which holds title but does not control disposition or voting rights; JPM and the Voting Trust retain voting rights as described.
JPMorgan Chase Bank, National Association reports beneficial ownership of 1,823 Variable Rate Muni Term Preferred Shares, Series 2015/6-VGM (CUSIP 46131M866), representing 100.00% of the class of those preferred shares, based on information supplied by the issuer. JPMorgan holds no sole voting power, shared voting power for 1,823 shares, sole dispositive power for 1,823 shares and no shared dispositive power.
The filing explains that certain voting rights were assigned to a voting trust on May 8, 2012, where a Voting Consultant recommends votes to a Voting Trustee who is obligated to follow those recommendations. On October 17, 2019 JPM deposited the VMTP into a tender option bond trust (TOB) which holds title but does not control disposition or voting rights; JPM and the Voting Trust retain voting rights as described.