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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number | 811-06591 |
Invesco Quality Municipal Income Trust
(Exact name of registrant as specified in charter)
1555 Peachtree Street, N.E., Atlanta, Georgia 30309
(Address of principal executive offices) (Zip code)
Philip A. Taylor 1555 Peachtree Street, N.E., Atlanta, Georgia 30309
(Name and address of agent for service)
Registrants telephone number, including area code: | (713) 626-1919 |
Date of fiscal year end: | 2/28 |
|||
Date of reporting period: | 11/30/12 |
2410914
012213 (1) BO
Item 1. Schedule of Investments.
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Invesco Quality Municipal Income Trust Quarterly Schedule of Portfolio Holdings November 30, 2012 |
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invesco.com/us | MS-CE-QMINC-QTR-1 11/12 | Invesco Advisers, Inc. |
Schedule of Investments
November 30, 2012
(Unaudited)
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
Municipal Obligations153.50% |
||||||||||||||||
Alabama0.76% |
||||||||||||||||
Birmingham (City of) Airport Authority; Series 2010, RB (INS-AGM) (a) |
5.25% | 07/01/30 | $ | 2,100 | $ | 2,423,799 | ||||||||||
|
||||||||||||||||
Birmingham (City of) Water Works Board; Series 2011, Water RB (INS-AGM) (a)(b) |
5.00% | 01/01/36 | 3,060 | 3,499,997 | ||||||||||||
|
||||||||||||||||
5,923,796 | ||||||||||||||||
|
||||||||||||||||
Alaska0.63% |
||||||||||||||||
Alaska (State of) Industrial Development & Export Authority (Providence Health Services); |
5.50% | 10/01/41 | 4,065 | 4,871,211 | ||||||||||||
|
||||||||||||||||
Arizona2.60% |
||||||||||||||||
Apache (County of) Industrial Development Authority (Tucson Electric Power Co.); Series |
4.50% | 03/01/30 | 1,035 | 1,099,325 | ||||||||||||
|
||||||||||||||||
Arizona (State of) Health Facilities Authority (Phoenix Childrens Hospital); Series 2012, |
5.00% | 02/01/42 | 2,050 | 2,276,586 | ||||||||||||
|
||||||||||||||||
Arizona (State of) Transportation Board; Series 2011 A, Ref. Sub. Highway RB (b) |
5.00% | 07/01/36 | 3,450 | 4,058,753 | ||||||||||||
|
||||||||||||||||
Arizona (State of); Series 2008 A, COP (INS-AGM) (a) |
5.00% | 09/01/24 | 1,995 | 2,251,796 | ||||||||||||
|
||||||||||||||||
Maricopa County Pollution Control Corp. (Arizona Public Service Co. - Palo Verde); Series |
6.00% | 05/01/14 | 1,475 | 1,568,545 | ||||||||||||
|
||||||||||||||||
Phoenix (City of) Industrial Development Authority (Rowan University); Series 2012, |
5.00% | 06/01/42 | 2,780 | 3,101,535 | ||||||||||||
|
||||||||||||||||
Phoenix Civic Improvement Corp.; Series 2002 B, Sr. Lien Airport RB (INS-NATL) (a)(e) |
5.25% | 07/01/32 | 3,000 | 3,005,280 | ||||||||||||
|
||||||||||||||||
Pima (County of) Industrial Development Authority (Tucson Electric Power Co.); Series |
5.25% | 10/01/40 | 2,525 | 2,790,807 | ||||||||||||
|
||||||||||||||||
20,152,627 | ||||||||||||||||
|
||||||||||||||||
California24.37% |
||||||||||||||||
Alhambra Unified School District (Election of 2004); |
0.00% | 08/01/35 | 3,570 | 1,247,572 | ||||||||||||
|
||||||||||||||||
Series 2009 B, Unlimited Tax CAB GO Bonds (INS-AGC) (a)(f) |
0.00% | 08/01/36 | 5,770 | 1,817,781 | ||||||||||||
|
||||||||||||||||
Bay Area Toll Authority (San Francisco Bay Area); Series 2007 F, Toll Bridge RB (c)(g) |
5.00% | 04/01/17 | 1,000 | 1,184,740 | ||||||||||||
|
||||||||||||||||
Beverly Hills Unified School District (Election of 2008); |
0.00% | 08/01/26 | 1,390 | 880,871 | ||||||||||||
|
||||||||||||||||
Series 2009, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/31 | 2,680 | 1,338,151 | ||||||||||||
|
||||||||||||||||
California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center); |
5.00% | 11/15/34 | 1,700 | 1,861,959 | ||||||||||||
|
||||||||||||||||
California (State of) Health Facilities Financing Authority (Kaiser Permanente); Series |
5.25% | 04/01/39 | 2,000 | 2,210,620 | ||||||||||||
|
||||||||||||||||
California (State of) Public Works Board (Department of Mental Health - Coalinga State |
5.00% | 06/01/24 | 5,000 | 5,264,900 | ||||||||||||
|
||||||||||||||||
California (State of) Statewide Communities Development Authority (California Baptist |
5.40% | 11/01/27 | 4,000 | 4,322,880 | ||||||||||||
|
||||||||||||||||
California (State of) Statewide Communities Development Authority (John Muir Health); |
5.00% | 08/15/28 | 1,015 | 1,135,480 | ||||||||||||
|
||||||||||||||||
Series 2006 A, RB |
5.00% | 08/15/32 | 8,000 | 8,912,960 | ||||||||||||
|
||||||||||||||||
California (State of) Statewide Communities Development Authority (Kaiser Permanente); |
5.00% | 04/01/42 | 5,260 | 6,127,164 | ||||||||||||
|
||||||||||||||||
California (State of); |
5.00% | 02/01/24 | 1,000 | 1,027,310 | ||||||||||||
|
||||||||||||||||
Series 2003, Unlimited Tax GO Bonds (c)(g) |
5.25% | 08/01/13 | 4,855 | 5,018,662 | ||||||||||||
|
||||||||||||||||
Series 2003, Unlimited Tax GO Bonds |
5.25% | 02/01/19 | 145 | 149,718 | ||||||||||||
|
||||||||||||||||
Series 2012, Various Purpose Unlimited Tax GO Bonds |
5.00% | 04/01/42 | 2,460 | 2,865,556 | ||||||||||||
|
||||||||||||||||
Series 2012, Various Purpose Unlimited Tax GO Bonds |
5.25% | 04/01/35 | 2,460 | 2,964,374 | ||||||||||||
|
||||||||||||||||
California Infrastructure & Economic Development Bank (The Scripps Research Institute); |
5.00% | 07/01/29 | 5,000 | 5,444,200 | ||||||||||||
|
||||||||||||||||
California Infrastructure & Economic Development Bank; Series 2003 A, First Lien Bay |
5.00% | 01/01/28 | 5,000 | 7,044,800 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
California(continued) |
||||||||||||||||
Clovis Unified School District (Election of 2004); Series 2004 A, Unlimited Tax CAB GO |
0.00% | 08/01/29 | $ | 695 | $ | 361,198 | ||||||||||
|
||||||||||||||||
Dry Creek Joint Elementary School District (Election of 2008-Measure E); |
0.00% | 08/01/40 | 4,685 | 1,255,908 | ||||||||||||
|
||||||||||||||||
Series 2009, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/41 | 4,965 | 1,258,528 | ||||||||||||
|
||||||||||||||||
Series 2009, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/42 | 5,265 | 1,261,178 | ||||||||||||
|
||||||||||||||||
Series 2009, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/43 | 3,460 | 782,756 | ||||||||||||
|
||||||||||||||||
Series 2009, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/44 | 4,825 | 1,033,515 | ||||||||||||
|
||||||||||||||||
East Bay Municipal Utility District; Series 2010 A, Ref. Sub. Water System RB (b) |
5.00% | 06/01/36 | 4,770 | 5,705,492 | ||||||||||||
|
||||||||||||||||
El Segundo Unified School District (Election of 2008); |
0.00% | 08/01/31 | 1,775 | 772,658 | ||||||||||||
|
||||||||||||||||
Series 2009 A, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/32 | 1,980 | 816,453 | ||||||||||||
|
||||||||||||||||
Golden State Tobacco Securitization Corp.; |
5.00% | 06/01/45 | 1,500 | 1,583,145 | ||||||||||||
|
||||||||||||||||
Series 2005 A, Enhanced Tobacco Settlement Asset-Backed RB (INS-AMBAC) (a) |
5.00% | 06/01/29 | 7,000 | 7,015,750 | ||||||||||||
|
||||||||||||||||
Indio (City of) Redevelopment Agency (Merged Redevelopment); |
5.00% | 08/15/23 | 310 | 320,701 | ||||||||||||
|
||||||||||||||||
Series 2008 A, Sub. Tax Allocation RB |
5.00% | 08/15/24 | 895 | 927,730 | ||||||||||||
|
||||||||||||||||
Los Angeles (City of) Department of Airports (Los Angeles International Airport); Series |
5.00% | 05/15/35 | 6,000 | 6,950,700 | ||||||||||||
|
||||||||||||||||
Los Angeles (City of) Department of Water & Power; |
5.00% | 07/01/14 | 6,920 | 7,431,388 | ||||||||||||
|
||||||||||||||||
Series 2012 A, Water System RB (b) |
5.00% | 07/01/43 | 6,510 | 7,733,750 | ||||||||||||
|
||||||||||||||||
Los Angeles (City of); Series 2004 A, Unlimited Tax GO Bonds (c)(g) |
5.00% | 09/01/14 | 6,000 | 6,492,060 | ||||||||||||
|
||||||||||||||||
Los Angeles Community College District; Series 2003 B, Unlimited Tax GO Bonds (INS- |
5.00% | 08/01/27 | 4,000 | 4,119,520 | ||||||||||||
|
||||||||||||||||
Menifee Union School District (Election of 2008); Series 2009 C, Unlimited Tax CAB GO |
0.00% | 08/01/34 | 1,985 | 726,153 | ||||||||||||
|
||||||||||||||||
Milpitas (City of) Redevelopment Agency (Redevelopment Area No. 1); Series 2003, Tax |
5.00% | 09/01/22 | 3,040 | 3,129,102 | ||||||||||||
|
||||||||||||||||
Moreland School District (Crossover); Series 2006 C, Ref. Unlimited Tax CAB GO Bonds |
0.00% | 08/01/29 | 3,955 | 1,944,436 | ||||||||||||
|
||||||||||||||||
Oak Grove School District (Election of 2008); Series 2009 A, Unlimited Tax CAB GO |
0.00% | 08/01/28 | 2,875 | 1,556,410 | ||||||||||||
|
||||||||||||||||
Oxnard (City of) Finance Authority (Redwood Trunk Sewer & Headworks); Series 2004 A, |
5.00% | 06/01/29 | 4,000 | 4,133,120 | ||||||||||||
|
||||||||||||||||
Patterson Joint Unified School District (Election of 2008); |
0.00% | 08/01/36 | 4,025 | 1,326,479 | ||||||||||||
|
||||||||||||||||
Series 2009 B, Unlimited Tax CAB GO Bonds (INS-AGM) (a)(f) |
0.00% | 08/01/37 | 1,590 | 499,991 | ||||||||||||
|
||||||||||||||||
Poway Unified School District (Election of 2008 - School Facilities Improvement District |
||||||||||||||||
Series 2009 A, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/27 | 4,005 | 2,277,563 | ||||||||||||
|
||||||||||||||||
Series 2009 A, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/31 | 5,000 | 2,303,350 | ||||||||||||
|
||||||||||||||||
Regents of the University of California; |
4.50% | 05/15/31 | 2,760 | 2,935,508 | ||||||||||||
|
||||||||||||||||
Series 2007 J, General RB (INS-AGM) (a)(b) |
4.50% | 05/15/35 | 2,240 | 2,368,061 | ||||||||||||
|
||||||||||||||||
Series 2009 O, General RB |
5.25% | 05/15/39 | 500 | 598,155 | ||||||||||||
|
||||||||||||||||
San Diego (County of) Regional Airport Authority; Series 2010 A, Sub. RB |
5.00% | 07/01/34 | 875 | 991,340 | ||||||||||||
|
||||||||||||||||
San Diego (County of) Water Authority; Series 2004 A, COP (INS-AGM) (a)(b) |
5.00% | 05/01/29 | 4,240 | 4,518,695 | ||||||||||||
|
||||||||||||||||
San Diego Community College District (Election of 2006); Series 2011, Unlimited Tax GO |
5.00% | 08/01/36 | 6,790 | 8,050,224 | ||||||||||||
|
||||||||||||||||
San Francisco (City & County of) (Laguna Honda Hospital); Series 2008 R3, Ref. |
5.00% | 06/15/28 | 2,040 | 2,232,658 | ||||||||||||
|
||||||||||||||||
San Francisco (City & County of) Airport Commission (San Francisco International |
5.00% | 05/01/25 | 1,000 | 1,182,240 | ||||||||||||
|
||||||||||||||||
Series 2011 F, Ref. Second Series RB (e) |
5.00% | 05/01/26 | 1,995 | 2,342,569 | ||||||||||||
|
||||||||||||||||
Series 2011 G, Ref. Second Series RB |
5.25% | 05/01/27 | 5,000 | 6,095,300 | ||||||||||||
|
||||||||||||||||
San Francisco (City & County of) Public Utilities Commission (Water System |
5.00% | 11/01/36 | 4,320 | 5,142,442 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
California(continued) |
||||||||||||||||
San Francisco (City & County of) Public Utilities Commission; Series 2009 A, Water RB |
5.00% | 11/01/27 | $ | 2,500 | $ | 3,046,400 | ||||||||||
|
||||||||||||||||
San Jose Evergreen Community College District (Election of 2004); Series 2008 B, |
0.00% | 09/01/30 | 3,300 | 1,601,292 | ||||||||||||
|
||||||||||||||||
Twin Rivers Unified School District (School Facility Bridge Funding Program); Series |
3.50% | 05/31/13 | 1,000 | 1,002,570 | ||||||||||||
|
||||||||||||||||
Twin Rivers Unified School District; Series 2009, Unlimited Tax CAB GO BAN (f) |
0.00% | 04/01/14 | 3,050 | 3,003,030 | ||||||||||||
|
||||||||||||||||
William S. Hart Union High School District (Election of 2008); |
0.00% | 08/01/32 | 17,570 | 7,066,127 | ||||||||||||
|
||||||||||||||||
Series 2009 A, Unlimited Tax CAB GO Bonds (f) |
0.00% | 08/01/33 | 5,725 | 2,176,130 | ||||||||||||
|
||||||||||||||||
188,891,473 | ||||||||||||||||
|
||||||||||||||||
Colorado1.77% |
||||||||||||||||
Colorado (State of) Educational & Cultural Facilities Authority (Peak to Peak Charter |
5.25% | 08/15/34 | 3,585 | 3,679,249 | ||||||||||||
|
||||||||||||||||
Colorado (State of) Health Facilities Authority (Catholic Health Initiatives); Series 2009 A, |
5.00% | 07/01/39 | 4,000 | 4,453,280 | ||||||||||||
|
||||||||||||||||
Colorado (State of) Housing & Finance Authority; Series 2000 D-2, Sr. Single Family |
6.90% | 04/01/29 | 90 | 93,043 | ||||||||||||
|
||||||||||||||||
Colorado (State of) Regional Transportation District (Denver Transit Partners Eagle P3); |
6.00% | 01/15/41 | 3,200 | 3,822,176 | ||||||||||||
|
||||||||||||||||
Denver (City of) Convention Center Hotel Authority; Series 2006, Ref. Sr. RB (INS-SGI) (a) |
5.00% | 12/01/30 | 1,590 | 1,673,030 | ||||||||||||
|
||||||||||||||||
13,720,778 | ||||||||||||||||
|
||||||||||||||||
Connecticut0.61% |
||||||||||||||||
Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare); |
5.00% | 07/01/41 | 4,300 | 4,769,603 | ||||||||||||
|
||||||||||||||||
Delaware0.13% |
||||||||||||||||
New Castle (County of) (Newark Charter School, Inc.); Series 2006, RB |
5.00% | 09/01/36 | 1,000 | 1,013,570 | ||||||||||||
|
||||||||||||||||
District of Columbia3.29% |
||||||||||||||||
District of Columbia (The American University); Series 2008, Ref. VRD RB (LOC- |
0.18% | 10/01/38 | 4,000 | 4,000,000 | ||||||||||||
|
||||||||||||||||
District of Columbia Water & Sewer Authority; |
5.00% | 10/01/27 | 575 | 685,095 | ||||||||||||
|
||||||||||||||||
Series 2008 A, Ref. Public Utility Sub. Lien RB (INS-AGC) (a) |
5.00% | 10/01/28 | 265 | 315,414 | ||||||||||||
|
||||||||||||||||
District of Columbia; |
5.00% | 02/01/31 | 10,000 | 10,490,300 | ||||||||||||
|
||||||||||||||||
Series 2008 E, Unlimited Tax GO Bonds (INS-BHAC) (a)(b) |
5.00% | 06/01/28 | 1,520 | 1,750,934 | ||||||||||||
|
||||||||||||||||
Series 2009 A, Sec. Income Tax RB (b) |
5.25% | 12/01/27 | 3,040 | 3,842,438 | ||||||||||||
|
||||||||||||||||
Metropolitan Washington Airports Authority; |
5.00% | 10/01/20 | 3,000 | 3,231,630 | ||||||||||||
|
||||||||||||||||
Series 2009 B, Airport System RB (INS-BHAC) (a) |
5.00% | 10/01/29 | 1,000 | 1,168,140 | ||||||||||||
|
||||||||||||||||
25,483,951 | ||||||||||||||||
|
||||||||||||||||
Florida13.69% |
||||||||||||||||
Broward (County of); Series 2012 A, Water & Sewer Utility RB |
5.00% | 10/01/37 | 2,145 | 2,581,958 | ||||||||||||
|
||||||||||||||||
Citizens Property Insurance Corp.; Series 2012 A-1, Sr. Sec. RB |
5.00% | 06/01/21 | 5,110 | 6,148,148 | ||||||||||||
|
||||||||||||||||
Florida (State of) Ports Financing Commission (State Transportation Trust Fund); Series |
5.13% | 06/01/27 | 995 | 1,182,627 | ||||||||||||
|
||||||||||||||||
Highlands (County of) Health Facilities Authority (Adventist Health System/Sunbelt |
5.00% | 11/15/31 | 3,000 | 3,271,260 | ||||||||||||
|
||||||||||||||||
Series 2006 C, RB (c)(d)(g) |
5.25% | 11/15/16 | 100 | 118,141 | ||||||||||||
|
||||||||||||||||
Series 2006 C, RB (d) |
5.25% | 11/15/36 | 3,900 | 4,379,856 | ||||||||||||
|
||||||||||||||||
Martin (County of) Health Facilities Authority (Martin Memorial Medical Center); Series |
5.00% | 11/15/27 | 4,630 | 5,234,169 | ||||||||||||
|
||||||||||||||||
Miami-Dade (County of) (Building Better Communities Program); Series 2009 B-1, |
6.00% | 07/01/38 | 3,000 | 3,625,020 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
Florida(continued) |
||||||||||||||||
Miami-Dade (County of) (Miami International Airport); Series 2000 A, Aviation RB (INS- |
6.00% | 10/01/24 | $ | 5,000 | $ | 5,014,450 | ||||||||||
|
||||||||||||||||
Miami-Dade (County of) (Miami International Airport-Hub of the Americas); Series 2009 |
5.00% | 10/01/25 | 2,850 | 3,344,361 | ||||||||||||
|
||||||||||||||||
Miami-Dade (County of) Educational Facilities Authority (University of Miami); Series |
5.50% | 04/01/38 | 1,300 | 1,448,239 | ||||||||||||
|
||||||||||||||||
Miami-Dade (County of) Expressway Authority; Series 2010 A, Ref. Toll System RB |
5.00% | 07/01/40 | 2,500 | 2,800,000 | ||||||||||||
|
||||||||||||||||
Miami-Dade (County of) Health Facilities Authority (Miami Childrens Hospital); Series |
6.00% | 08/01/30 | 1,195 | 1,463,242 | ||||||||||||
|
||||||||||||||||
Miami-Dade (County of); |
0.00% | 10/01/30 | 2,995 | 3,079,399 | ||||||||||||
|
||||||||||||||||
Series 2012, Transit System Sales Surtax RB |
5.00% | 07/01/33 | 2,500 | 2,944,575 | ||||||||||||
|
||||||||||||||||
Series 2012, Transit System Sales Surtax RB |
5.00% | 07/01/37 | 2,700 | 3,145,689 | ||||||||||||
|
||||||||||||||||
Series 2012 B, Ref. Sub. Special Obligation RB |
5.00% | 10/01/32 | 1,040 | 1,212,619 | ||||||||||||
|
||||||||||||||||
Series 2012 B, Ref. Sub. Special Obligation RB |
5.00% | 10/01/35 | 1,640 | 1,891,100 | ||||||||||||
|
||||||||||||||||
Orange (County of); Series 2012 B, Ref. Sales Tax RB (b) |
5.00% | 01/01/31 | 7,855 | 9,474,073 | ||||||||||||
|
||||||||||||||||
Palm Beach (County of) Solid Waste Authority; |
5.50% | 10/01/23 | 2,700 | 3,384,801 | ||||||||||||
|
||||||||||||||||
Series 2011, Ref. RB (b) |
5.00% | 10/01/31 | 3,330 | 3,976,053 | ||||||||||||
|
||||||||||||||||
South Miami (City of) Health Facilities Authority (Baptist Health South Florida |
5.00% | 08/15/42 | 12,000 | 13,414,800 | ||||||||||||
|
||||||||||||||||
Series 2007, Hospital RB (b) |
5.00% | 08/15/42 | 6,000 | 6,707,400 | ||||||||||||
|
||||||||||||||||
Series 2007, Hospital RB |
5.00% | 08/15/42 | 6,000 | 6,707,400 | ||||||||||||
|
||||||||||||||||
St. Johns (County of) Industrial Development Authority (Glenmoor); |
5.25% | 01/01/26 | 1,000 | 989,700 | ||||||||||||
|
||||||||||||||||
Series 2006 A, Health Care RB |
5.38% | 01/01/40 | 4,250 | 4,011,702 | ||||||||||||
|
||||||||||||||||
Tampa (City of) Sports Authority; Series 2005, Ref. Sales Tax RB (INS-AGM) (a) |
5.00% | 01/01/26 | 1,545 | 1,663,749 | ||||||||||||
|
||||||||||||||||
Tampa Bay Water; Series 2001 A, Ref. & Improvement Utility System RB (INS-NATL) (a) |
6.00% | 10/01/29 | 2,000 | 2,913,720 | ||||||||||||
|
||||||||||||||||
106,128,251 | ||||||||||||||||
|
||||||||||||||||
Georgia3.48% |
||||||||||||||||
Atlanta (City of); |
5.00% | 01/01/33 | 5,000 | 5,269,200 | ||||||||||||
|
||||||||||||||||
Series 2004 J, Airport Passenger Facility Charge & Sub. Lien General RB (INS-AGM) (a) |
5.00% | 01/01/34 | 4,000 | 4,271,480 | ||||||||||||
|
||||||||||||||||
Burke (County of) Development Authority (Oglethorpe Power Vogtle); Series 2011 A, |
2.50% | 03/01/13 | 1,640 | 1,647,905 | ||||||||||||
|
||||||||||||||||
DeKalb (County of); Series 2003 A, Water & Sewerage RB |
5.00% | 10/01/23 | 1,200 | 1,244,868 | ||||||||||||
|
||||||||||||||||
Georgia (State of) Road & Tollway Authority; |
5.00% | 10/01/13 | 8,000 | 8,319,600 | ||||||||||||
|
||||||||||||||||
Series 2003, RB |
5.00% | 10/01/23 | 6,000 | 6,230,520 | ||||||||||||
|
||||||||||||||||
26,983,573 | ||||||||||||||||
|
||||||||||||||||
Hawaii2.15% |
||||||||||||||||
Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Health Obligated |
5.75% | 07/01/40 | 1,630 | 1,876,538 | ||||||||||||
|
||||||||||||||||
Hawaii (State of); Series 2010 A, Airport System RB |
5.00% | 07/01/39 | 4,100 | 4,651,081 | ||||||||||||
|
||||||||||||||||
Honolulu (City & County of); |
||||||||||||||||
Series 2003 A, Unlimited Tax GO Bonds (c)(g) |
5.25% | 03/01/13 | 8,590 | 8,699,694 | ||||||||||||
|
||||||||||||||||
Series 2003 A, Unlimited Tax GO Bonds (c)(g) |
5.25% | 03/01/13 | 1,410 | 1,428,006 | ||||||||||||
|
||||||||||||||||
16,655,319 | ||||||||||||||||
|
||||||||||||||||
Idaho0.70% |
||||||||||||||||
Idaho (State of) Housing & Finance Association (Federal Highway Trust Fund); Series |
5.25% | 07/15/23 | 2,600 | 3,113,916 | ||||||||||||
|
||||||||||||||||
Idaho (State of) Housing & Finance Association; Series 2000 E, Single Family Mortgage |
6.00% | 01/01/32 | 540 | 541,032 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
Idaho(continued) |
||||||||||||||||
Regents of the University of Idaho; Series 2011, Ref. General RB (c)(d) |
5.25% | 04/01/21 | $ | 1,490 | $ | 1,790,339 | ||||||||||
|
||||||||||||||||
5,445,287 | ||||||||||||||||
|
||||||||||||||||
Illinois15.54% |
||||||||||||||||
Chicago (City of) (OHare International Airport); |
5.75% | 01/01/23 | 6,000 | 6,322,200 | ||||||||||||
|
||||||||||||||||
Series 2005 A, Third Lien General Airport RB (INS-NATL) (a) |
5.25% | 01/01/26 | 3,000 | 3,331,740 | ||||||||||||
|
||||||||||||||||
Chicago (City of) Board of Education; |
5.00% | 12/01/41 | 5,730 | 6,428,831 | ||||||||||||
|
||||||||||||||||
Series 2012 A, Unlimited Tax GO Bonds |
5.00% | 12/01/42 | 2,720 | 3,082,712 | ||||||||||||
|
||||||||||||||||
Chicago (City of) Park District; Series 2004 A, Limited Tax GO Bonds (INS-AMBAC) (a) |
5.00% | 01/01/27 | 3,600 | 3,824,244 | ||||||||||||
|
||||||||||||||||
Chicago (City of) Transit Authority (FTA Section 5309 Fixed Guideway Modernization |
5.25% | 06/01/23 | 1,070 | 1,228,702 | ||||||||||||
|
||||||||||||||||
Series 2008, Capital Grant Receipts RB (INS-AGC) (a) |
5.25% | 06/01/24 | 1,035 | 1,180,024 | ||||||||||||
|
||||||||||||||||
Chicago (City of) Transit Authority; |
5.25% | 12/01/36 | 5,000 | 5,896,950 | ||||||||||||
|
||||||||||||||||
Series 2011, Sales Tax Receipts RB (b) |
5.25% | 12/01/36 | 3,970 | 4,682,178 | ||||||||||||
|
||||||||||||||||
Chicago (City of); |
5.00% | 01/01/37 | 16,310 | 17,499,978 | ||||||||||||
|
||||||||||||||||
Series 2012 A, Unlimited Tax GO Bonds |
5.00% | 01/01/33 | 3,300 | 3,825,690 | ||||||||||||
|
||||||||||||||||
Cook (County of) Forest Preserve District; |
5.00% | 12/15/32 | 2,540 | 3,006,217 | ||||||||||||
|
||||||||||||||||
Series 2012 B, Ref. Limited Tax GO Bonds (b) |
5.00% | 12/15/37 | 2,540 | 2,957,627 | ||||||||||||
|
||||||||||||||||
Cook (County of); Series 2012 C, Ref. Unlimited Tax GO Bonds |
5.00% | 11/15/29 | 1,950 | 2,353,319 | ||||||||||||
|
||||||||||||||||
DeKalb County Community Unit School District No. 428; Series 2008, Unlimited Tax GO |
5.00% | 01/01/23 | 1,435 | 1,686,584 | ||||||||||||
|
||||||||||||||||
Granite City (City of) (Waste Management, Inc.); Series 2002, Solid Waste Disposal RB |
3.50% | 05/01/13 | 2,200 | 2,230,426 | ||||||||||||
|
||||||||||||||||
Illinois (State of) Finance Authority (Little Company of Mary Hospital & Health Care |
5.38% | 08/15/40 | 2,875 | 3,141,857 | ||||||||||||
|
||||||||||||||||
Illinois (State of) Finance Authority (Northwestern Memorial Hospital); |
5.00% | 08/15/16 | 830 | 950,325 | ||||||||||||
|
||||||||||||||||
Series 2009 B, RB |
5.38% | 08/15/24 | 1,900 | 2,256,668 | ||||||||||||
|
||||||||||||||||
Illinois (State of) Finance Authority (OSF Healthcare System); Series 2010 A, Ref. RB |
6.00% | 05/15/39 | 2,655 | 3,139,909 | ||||||||||||
|
||||||||||||||||
Illinois (State of) Finance Authority (Resurrection Health Care Corp.); Series 2009, Ref. |
6.13% | 05/15/25 | 3,505 | 4,096,854 | ||||||||||||
|
||||||||||||||||
Illinois (State of) Finance Authority (Rush University Medical Center Obligated Group); |
7.25% | 11/01/38 | 1,460 | 1,904,380 | ||||||||||||
|
||||||||||||||||
Illinois (State of) Finance Authority (Swedish Covenant Hospital); |
5.75% | 08/15/29 | 5,020 | 5,850,961 | ||||||||||||
|
||||||||||||||||
Series 2010 A, Ref. RB |
6.00% | 08/15/38 | 2,620 | 3,036,659 | ||||||||||||
|
||||||||||||||||
Illinois (State of) Finance Authority (The University of Chicago Medical Center); Series |
5.50% | 08/15/41 | 1,440 | 1,680,178 | ||||||||||||
|
||||||||||||||||
Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place |
0.00% | 06/15/26 | 8,480 | 8,087,122 | ||||||||||||
|
||||||||||||||||
Series 2010 A, RB |
5.50% | 06/15/50 | 2,300 | 2,659,444 | ||||||||||||
|
||||||||||||||||
Series 2012 B, RB (b) |
5.00% | 12/15/28 | 5,565 | 6,715,842 | ||||||||||||
|
||||||||||||||||
Railsplitter Tobacco Settlement Authority; Series 2010, RB |
5.50% | 06/01/23 | 4,275 | 5,229,180 | ||||||||||||
|
||||||||||||||||
Schaumburg (Village of); Series 2004 B, Unlimited Tax GO Bonds (INS-NATL) (a) |
5.25% | 12/01/34 | 2,000 | 2,165,080 | ||||||||||||
|
||||||||||||||||
120,451,881 | ||||||||||||||||
|
||||||||||||||||
Indiana3.37% |
||||||||||||||||
Indiana (State of) Finance Authority (Clarion Health Obligated Group); Series 2006 A, |
5.25% | 02/15/40 | 3,595 | 3,944,578 | ||||||||||||
|
||||||||||||||||
Indiana (State of) Finance Authority (CWA Authority); Series 2011 B, Second Lien |
5.25% | 10/01/31 | 3,000 | 3,552,360 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
Indiana(continued) |
||||||||||||||||
Indiana (State of) Finance Authority (Eiteljorg Museum of American Indians & |
0.16% | 02/01/24 | $ | 1,500 | $ | 1,500,000 | ||||||||||
|
||||||||||||||||
Indiana Bond Bank; |
5.00% | 02/01/13 | 2,505 | 2,550,466 | ||||||||||||
|
||||||||||||||||
Series 2001 A, State Revolving Fund RB (c)(g) |
5.00% | 02/01/13 | 7,495 | 7,631,034 | ||||||||||||
|
||||||||||||||||
Indianapolis Local Public Improvement Bond Bank; Series 2011 K, RB |
5.00% | 06/01/27 | 3,000 | 3,495,570 | ||||||||||||
|
||||||||||||||||
Marion (County of) Convention & Recreational Facilities Authority; Series 2003 A, Sr. |
5.00% | 06/01/13 | 1,400 | 1,433,642 | ||||||||||||
|
||||||||||||||||
Rockport (City of) (Indiana Michigan Power Co.); Series 2009 B, Ref. PCR (c)(d) |
6.25% | 06/02/14 | 1,860 | 1,990,107 | ||||||||||||
|
||||||||||||||||
26,097,757 | ||||||||||||||||
|
||||||||||||||||
Iowa1.86% |
||||||||||||||||
Coralville (City of); Series 2006 D, COP |
5.25% | 06/01/26 | 2,200 | 2,287,604 | ||||||||||||
|
||||||||||||||||
Iowa (State of) (IJOBS Program); |
5.00% | 06/01/25 | 4,795 | 5,850,955 | ||||||||||||
|
||||||||||||||||
Series 2009 A, Special Obligation RB (b)(j) |
5.00% | 06/01/26 | 3,595 | 4,368,069 | ||||||||||||
|
||||||||||||||||
Iowa (State of) Finance Authority (Alcoa Inc.); Series 2012, Midwestern Disaster Area RB |
4.75% | 08/01/42 | 1,800 | 1,892,538 | ||||||||||||
|
||||||||||||||||
14,399,166 | ||||||||||||||||
|
||||||||||||||||
Kansas0.25% |
||||||||||||||||
Kansas (State of) Development Finance Authority (Adventist Health System/Sunbelt |
5.50% | 11/15/29 | 1,655 | 1,967,365 | ||||||||||||
|
||||||||||||||||
Kentucky0.83% |
||||||||||||||||
Kentucky (State of) Economic Development Finance Authority (Owensboro Medical |
6.38% | 06/01/40 | 1,625 | 1,969,744 | ||||||||||||
|
||||||||||||||||
Series 2010 A, Hospital RB |
6.50% | 03/01/45 | 2,050 | 2,495,772 | ||||||||||||
|
||||||||||||||||
Kentucky (State of) Turnpike Authority (Revitalization); Series 2012 A, Economic |
5.00% | 07/01/31 | 1,600 | 1,982,928 | ||||||||||||
|
||||||||||||||||
6,448,444 | ||||||||||||||||
|
||||||||||||||||
Louisiana0.68% |
||||||||||||||||
Lafayette (City of) Public Trust Financing Authority (Ragin Cajun Facilities, Inc. - |
5.25% | 10/01/30 | 2,450 | 2,863,045 | ||||||||||||
|
||||||||||||||||
St. John the Baptist (Parish of) (Marathon Oil Corp.); Series 2007 A, RB |
5.13% | 06/01/37 | 2,265 | 2,444,524 | ||||||||||||
|
||||||||||||||||
5,307,569 | ||||||||||||||||
|
||||||||||||||||
Maine0.32% |
||||||||||||||||
Maine (State of) Turnpike Authority; Series 2012 A, RB |
5.00% | 07/01/37 | 2,100 | 2,498,664 | ||||||||||||
|
||||||||||||||||
Maryland1.31% |
||||||||||||||||
Baltimore (County of) (Oak Crest Village Inc. Facility); Series 2007 A, RB |
5.00% | 01/01/37 | 2,495 | 2,600,040 | ||||||||||||
|
||||||||||||||||
Maryland (State of) Health & Higher Educational Facilities Authority (Frederick Memorial |
4.00% | 07/01/38 | 1,500 | 1,541,490 | ||||||||||||
|
||||||||||||||||
Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health); |
5.38% | 08/15/24 | 3,000 | 3,194,340 | ||||||||||||
|
||||||||||||||||
Maryland Economic Development Corp. (Terminal); Series 2010 B, RB |
5.75% | 06/01/35 | 2,440 | 2,792,580 | ||||||||||||
|
||||||||||||||||
10,128,450 | ||||||||||||||||
|
||||||||||||||||
Massachusetts4.55% |
||||||||||||||||
Massachusetts (State of) Department of Transportation (Contract Assistance); Series 2010 |
5.00% | 01/01/35 | 2,010 | 2,322,414 | ||||||||||||
|
||||||||||||||||
Massachusetts (State of) Development Finance Agency (Berklee College of Music); Series |
5.00% | 10/01/32 | 2,350 | 2,671,856 | ||||||||||||
|
||||||||||||||||
Massachusetts (State of) Development Finance Agency (Harvard University); Series 2009 |
5.50% | 11/15/36 | 9,565 | 11,895,225 | ||||||||||||
|
||||||||||||||||
Massachusetts (State of) Development Finance Agency (Massachusetts Institute of |
5.50% | 07/01/36 | 3,100 | 3,757,386 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
Massachusetts(continued) |
||||||||||||||||
Massachusetts (State of) Development Finance Agency (Partners Healthcare); Series 2012 |
5.00% | 07/01/31 | $ | 5,620 | $ | 6,682,798 | ||||||||||
|
||||||||||||||||
Massachusetts (State of) Development Finance Agency (Tufts Medical Center); Series 2011 |
6.75% | 01/01/36 | 1,225 | 1,526,203 | ||||||||||||
|
||||||||||||||||
Massachusetts (State of) School Building Authority; Series 2011 B, Sr. Dedicated Sales |
5.00% | 10/15/35 | 5,325 | 6,423,281 | ||||||||||||
|
||||||||||||||||
35,279,163 | ||||||||||||||||
|
||||||||||||||||
Michigan0.78% |
||||||||||||||||
Lansing (City of) Board of Water & Light; Series 2011 A, Utility System RB |
5.00% | 07/01/37 | 3,400 | 3,985,684 | ||||||||||||
|
||||||||||||||||
Wayne State University Board of Governors; Series 2008, Ref. General RB (INS-AGM) (a) |
5.00% | 11/15/25 | 1,855 | 2,103,514 | ||||||||||||
|
||||||||||||||||
6,089,198 | ||||||||||||||||
|
||||||||||||||||
Minnesota0.26% |
||||||||||||||||
Western Minnesota Municipal Power Agency (Transmission); Series 2003 A, RB (c)(g) |
5.00% | 01/01/13 | 2,000 | 2,008,260 | ||||||||||||
|
||||||||||||||||
Missouri0.95% |
||||||||||||||||
Fenton (City of) (Gravois Bluffs Redevelopment); Series 2006, Ref. Tax Increment |
4.50% | 04/01/21 | 290 | 297,894 | ||||||||||||
|
||||||||||||||||
Kansas City (City of) Industrial Development Authority (Downtown Redevelopment |
5.50% | 09/01/27 | 995 | 1,217,969 | ||||||||||||
|
||||||||||||||||
Series 2011 A, Ref. RB |
5.50% | 09/01/28 | 1,970 | 2,399,933 | ||||||||||||
|
||||||||||||||||
Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services); |
5.38% | 02/01/35 | 1,875 | 1,929,731 | ||||||||||||
|
||||||||||||||||
Missouri (State of) Health & Educational Facilities Authority (Mercy Health); Series 2012, |
4.00% | 11/15/42 | 1,465 | 1,524,245 | ||||||||||||
|
||||||||||||||||
7,369,772 | ||||||||||||||||
|
||||||||||||||||
Montana0.55% |
||||||||||||||||
Forsyth (City of) (Portland General Electric Co.); Series 1998 A, Ref. PCR |
5.00% | 05/01/33 | 3,600 | 4,233,204 | ||||||||||||
|
||||||||||||||||
Nebraska1.10% |
||||||||||||||||
Lincoln (County of) Hospital Authority No. 1 (Great Plains Regional Medical Center); |
5.00% | 11/01/32 | 2,500 | 2,818,800 | ||||||||||||
|
||||||||||||||||
Omaha (City of) Public Power District; Series 2011 B, RB (b) |
5.00% | 02/01/36 | 4,800 | 5,691,312 | ||||||||||||
|
||||||||||||||||
8,510,112 | ||||||||||||||||
|
||||||||||||||||
Nevada2.17% |
||||||||||||||||
Clark (County of) (Las Vegas-McCarran International Airport); Series 2010 A, Passenger |
5.13% | 07/01/34 | 1,500 | 1,721,160 | ||||||||||||
|
||||||||||||||||
Clark (County of); |
5.38% | 07/01/19 | 1,000 | 1,024,420 | ||||||||||||
|
||||||||||||||||
Series 2003 C, Jet Aviation Fuel Tax Airport System RB (INS-AMBAC) (a)(e) |
5.38% | 07/01/20 | 1,100 | 1,126,202 | ||||||||||||
|
||||||||||||||||
Series 2003 C, Jet Aviation Fuel Tax Airport System RB (INS-AMBAC) (a)(e) |
5.38% | 07/01/22 | 2,000 | 2,044,680 | ||||||||||||
|
||||||||||||||||
Series 2004 A-1, Sub. Lien Airport System RB (INS-NATL) (a)(e) |
5.50% | 07/01/20 | 5,000 | 5,314,700 | ||||||||||||
|
||||||||||||||||
Series 2004 A-1, Sub. Lien Airport System RB (INS-NATL) (a)(e) |
5.50% | 07/01/22 | 2,000 | 2,117,760 | ||||||||||||
|
||||||||||||||||
Las Vegas (City of) Redevelopment Agency; Series 2009 A, Tax Increment Allocation RB |
6.25% | 06/15/16 | 1,450 | 1,590,317 | ||||||||||||
|
||||||||||||||||
Nevada (State of); Series 2008 C, Capital Improvement & Cultural Affairs Limited Tax GO |
5.00% | 06/01/26 | 1,600 | 1,884,752 | ||||||||||||
|
||||||||||||||||
16,823,991 | ||||||||||||||||
|
||||||||||||||||
New Jersey5.28% |
||||||||||||||||
New Jersey (State of) Economic Development Authority (Provident Group-Montclair |
5.75% | 06/01/31 | 1,990 | 2,294,550 | ||||||||||||
|
||||||||||||||||
New Jersey (State of) Economic Development Authority; Subseries 2005 N-1, Ref. School |
5.50% | 09/01/24 | 2,000 | 2,633,500 | ||||||||||||
|
||||||||||||||||
New Jersey (State of) Transportation Trust Fund Authority; |
5.75% | 06/15/20 | 5,000 | 6,390,200 | ||||||||||||
|
||||||||||||||||
Series 2006 C, Transportation System CAB RB (INS-AGC) (a)(f) |
0.00% | 12/15/26 | 8,435 | 5,079,304 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
New Jersey(continued) |
||||||||||||||||
New Jersey (State of) Turnpike Authority; |
5.00% | 07/01/13 | $ | 1,500 | $ | 1,541,205 | ||||||||||
|
||||||||||||||||
Series 2003 A, RB (c)(g) |
5.00% | 07/01/13 | 1,750 | 1,798,072 | ||||||||||||
|
||||||||||||||||
New Jersey (State of); Series 2001 H, Ref. Unlimited Tax GO Bonds |
5.25% | 07/01/19 | 6,900 | 8,741,955 | ||||||||||||
|
||||||||||||||||
Passaic Valley Sewage Commissioners; Series 2003 F, Sewer System RB (INS-NATL) (a) |
5.00% | 12/01/20 | 10,000 | 10,371,400 | ||||||||||||
|
||||||||||||||||
University of Medicine & Dentistry of New Jersey; Series 2004, COP (INS-NATL) (a) |
5.25% | 06/15/23 | 2,000 | 2,077,680 | ||||||||||||
|
||||||||||||||||
40,927,866 | ||||||||||||||||
|
||||||||||||||||
New Mexico0.67% |
||||||||||||||||
Farmington (City of) (Public Service Co. of New Mexico San Juan); Series 2010 C, Ref. |
5.90% | 06/01/40 | 2,650 | 2,988,219 | ||||||||||||
|
||||||||||||||||
New Mexico (State of) Finance Authority; Series 2008 A, Sr. Lien Public Revolving Fund |
5.00% | 06/01/27 | 1,860 | 2,175,289 | ||||||||||||
|
||||||||||||||||
5,163,508 | ||||||||||||||||
|
||||||||||||||||
New York13.48% |
||||||||||||||||
Brooklyn Arena Local Development Corp. (Barclays Center); |
6.25% | 07/15/40 | 1,740 | 2,045,353 | ||||||||||||
|
||||||||||||||||
Series 2009, PILOT RB |
6.38% | 07/15/43 | 720 | 850,997 | ||||||||||||
|
||||||||||||||||
Long Island Power Authority; Series 2004 A, Electrical System General RB (INS- |
5.00% | 09/01/34 | 1,500 | 1,595,160 | ||||||||||||
|
||||||||||||||||
Metropolitan Transportation Authority; Series 2003 B, RB (INS-NATL) (a) |
5.25% | 11/15/22 | 5,000 | 5,230,750 | ||||||||||||
|
||||||||||||||||
New York (City of) Municipal Water Finance Authority; |
5.00% | 06/15/35 | 3,000 | 3,073,320 | ||||||||||||
|
||||||||||||||||
Series 2007, VRD Second General Water & Sewer System RB (h) |
0.14% | 06/15/33 | 2,100 | 2,100,000 | ||||||||||||
|
||||||||||||||||
Series 2010 FF, Second General Resolution Water & Sewer System RB |
5.00% | 06/15/31 | 2,400 | 2,922,120 | ||||||||||||
|
||||||||||||||||
New York (City of) Transitional Finance Authority; |
5.00% | 05/01/28 | 4,615 | 5,595,272 | ||||||||||||
|
||||||||||||||||
Series 2009 A, Future Tax Sec. RB (b) |
5.00% | 05/01/29 | 3,695 | 4,479,855 | ||||||||||||
|
||||||||||||||||
Series 2009 A, Future Tax Sec. RB (b) |
5.00% | 05/01/30 | 3,695 | 4,377,984 | ||||||||||||
|
||||||||||||||||
Subseries 2011 D-1, Future Tax Sec. RB (b) |
5.00% | 11/01/33 | 1,725 | 2,099,394 | ||||||||||||
|
||||||||||||||||
Subseries 2012 E-1, Future Tax Sec. RB (b) |
5.00% | 02/01/42 | 8,690 | 10,330,759 | ||||||||||||
|
||||||||||||||||
New York (City of) Trust for Cultural Resources (Museum of Modern Art); |
5.00% | 04/01/26 | 5,635 | 6,769,664 | ||||||||||||
|
||||||||||||||||
Series 2008 1A, Ref. RB (b) |
5.00% | 04/01/27 | 4,765 | 5,730,437 | ||||||||||||
|
||||||||||||||||
New York (City of); |
5.25% | 08/15/27 | 5,200 | 6,296,108 | ||||||||||||
|
||||||||||||||||
Subseries 2008 A-1, Unlimited Tax GO Bonds (b) |
5.25% | 08/15/28 | 5,200 | 6,292,936 | ||||||||||||
|
||||||||||||||||
New York (State of) Dormitory Authority (City of New York); Series 2005 A, Court |
5.50% | 05/15/29 | 1,805 | 2,483,174 | ||||||||||||
|
||||||||||||||||
New York (State of) Dormitory Authority (General Purpose); Series 2011 A, State Personal |
5.00% | 03/15/30 | 5,805 | 7,052,669 | ||||||||||||
|
||||||||||||||||
New York (State of) Dormitory Authority; Series 2007 A, Mental Health Services Facilities |
5.00% | 02/15/27 | 1,500 | 1,726,215 | ||||||||||||
|
||||||||||||||||
New York (State of) Energy Research & Development Authority (Brooklyn Union Gas |
11.59% | 07/01/26 | 1,700 | 1,716,320 | ||||||||||||
|
||||||||||||||||
New York (State of) Thruway Authority (Transportation); Series 2009 A, Personal Income |
5.00% | 03/15/25 | 1,310 | 1,602,143 | ||||||||||||
|
||||||||||||||||
New York (State of) Thruway Authority; Series 2011 A-1, Second General Highway & |
5.00% | 04/01/29 | 4,860 | 5,860,334 | ||||||||||||
|
||||||||||||||||
New York Liberty Development Corp. (7 World Trade Center); |
5.00% | 09/15/40 | 5,100 | 6,051,150 | ||||||||||||
|
||||||||||||||||
Series 2012, Class 2, Ref. Liberty RB |
5.00% | 09/15/43 | 1,770 | 2,051,235 | ||||||||||||
|
||||||||||||||||
Tobacco Settlement Financing Corp.; Series 2003 B-1C, Asset-Backed RB |
5.50% | 06/01/21 | 6,000 | 6,152,400 | ||||||||||||
|
||||||||||||||||
104,485,749 | ||||||||||||||||
|
||||||||||||||||
North Carolina3.90% |
||||||||||||||||
Charlotte (City of) (Cultural Arts Facilities); Series 2009 E, Ref. COP (b) |
5.00% | 06/01/39 | 13,600 | 15,208,880 | ||||||||||||
|
||||||||||||||||
North Carolina (State of) Eastern Municipal Power Agency; Series 2009 B, Power System |
5.00% | 01/01/26 | 1,525 | 1,770,251 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
|
||||||||||||||||
North Carolina(continued) |
||||||||||||||||
North Carolina (State of) Medical Care Commission (Duke University Health System); |
5.00% | 06/01/42 | $ | 5,110 | $ | 5,947,274 | ||||||||||
|
||||||||||||||||
North Carolina (State of) Medical Care Commission (Salemtowne); Series 2006, Ref. First |
5.10% | 10/01/30 | 1,100 | 1,129,425 | ||||||||||||
|
||||||||||||||||
North Carolina (State of) Turnpike Authority; |
5.00% | 07/01/36 | 1,755 | 2,077,955 | ||||||||||||
|
||||||||||||||||
Series 2011, Monroe Connector System State Appropriation RB (b) |
5.00% | 07/01/41 | 2,430 | 2,844,534 | ||||||||||||
|
||||||||||||||||
University of North Carolina at Chapel Hill; Series 2003, General RB (c)(g) |
5.00% | 12/01/13 | 1,200 | 1,256,832 | ||||||||||||
|
||||||||||||||||
30,235,151 | ||||||||||||||||
|
||||||||||||||||
North Dakota0.37% |
||||||||||||||||
Ward (County of) (Trinity Obligated Group); Series 2006, Health Care Facilities RB |
5.13% | 07/01/29 | 2,750 | 2,849,055 | ||||||||||||
|
||||||||||||||||
Ohio5.43% |
||||||||||||||||
Allen (County of) (Catholic Health Partners); Series 2012 A, Ref. Hospital Facilities RB |
5.00% | 05/01/42 | 3,445 | 3,893,401 | ||||||||||||
|
||||||||||||||||
American Municipal Power, Inc. (Prairie State Energy Campus); Series 2008 A, RB (INS- |
5.25% | 02/15/33 | 9,100 | 10,519,054 | ||||||||||||
|
||||||||||||||||
Cuyahoga (County of) (Cleveland Clinic Health System Obligated Group); |
6.00% | 07/01/13 | 5,080 | 5,250,790 | ||||||||||||
|
||||||||||||||||
Series 2003 H, RB (c)(g) |
6.00% | 07/01/13 | 5,290 | 5,467,850 | ||||||||||||
|
||||||||||||||||
Franklin (County of) (Ohio Health Corp.); Series 2011 A, Hospital Facilities RB (b) |
5.00% | 11/15/36 | 3,390 | 3,860,532 | ||||||||||||
|
||||||||||||||||
Hamilton (County of) (Christ Hospital); Series 2012, Health Care Facilities RB |
5.50% | 06/01/42 | 3,000 | 3,472,290 | ||||||||||||
|
||||||||||||||||
Hancock (County of) (Blanchard Valley Regional Health Center); Series 2011 A, Hospital |
6.25% | 12/01/34 | 2,470 | 2,989,070 | ||||||||||||
|
||||||||||||||||
Ohio (State of) Higher Educational Facility Commission (Summa Health System); Series |
5.75% | 11/15/40 | 4,835 | 5,589,937 | ||||||||||||
|
||||||||||||||||
Ohio (State of) Water Development Authority (FirstEnergy Nuclear Generation Corp.); |
5.88% | 06/01/16 | 930 | 1,051,728 | ||||||||||||
|
||||||||||||||||
42,094,652 | ||||||||||||||||
|
||||||||||||||||
Oklahoma0.20% |
||||||||||||||||
Oklahoma (State of) Development Finance Authority (Great Plains Regional Medical |
5.13% | 12/01/36 | 1,500 | 1,519,455 | ||||||||||||
|
||||||||||||||||
Oregon0.45% |
||||||||||||||||
Oregon (State of) Department of Administrative Services; Series 2009 A, Lottery RB |
5.25% | 04/01/24 | 685 | 839,372 | ||||||||||||
|
||||||||||||||||
Warm Springs Reservation Confederated Tribes of Oregon (Pelton Round Butte); Series |
6.38% | 11/01/33 | 2,465 | 2,617,583 | ||||||||||||
|
||||||||||||||||
3,456,955 | ||||||||||||||||
|
||||||||||||||||
Pennsylvania1.96% |
||||||||||||||||
Geisinger Authority; Series 2005 A, VRD Health System RB (h) |
0.12% | 05/15/35 | 2,200 | 2,200,000 | ||||||||||||
|
||||||||||||||||
Pennsylvania (State of) Turnpike Commission; |
5.00% | 12/01/34 | 5,000 | 5,384,900 | ||||||||||||
|
||||||||||||||||
Subseries 2010 B-2, Sub. Conv. CAB RB (f) |
0.00% | 12/01/28 | 2,850 | 2,884,029 | ||||||||||||
|
||||||||||||||||
Subseries 2010 B-2, Sub. Conv. CAB RB (f) |
0.00% | 12/01/34 | 1,750 | 1,745,205 | ||||||||||||
|
||||||||||||||||
Philadelphia (City of) Hospitals & Higher Education Facilities Authority (Childrens |
0.18% | 02/15/21 | 1,210 | 1,210,000 | ||||||||||||
|
||||||||||||||||
Philadelphia School District; Series 2008 E, Limited Tax GO Bonds (INS-BHAC) (a) |
5.13% | 09/01/23 | 1,500 | 1,803,075 | ||||||||||||
|
||||||||||||||||
15,227,209 | ||||||||||||||||
|
||||||||||||||||
Puerto Rico3.41% |
||||||||||||||||
Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority; |
5.00% | 07/01/33 | 2,370 | 2,394,174 | ||||||||||||
|
||||||||||||||||
Series 2012 A, Sr. Lien RB |
6.00% | 07/01/47 | 1,310 | 1,428,018 | ||||||||||||
|
||||||||||||||||
Puerto Rico (Commonwealth of) Electric Power Authority; |
5.25% | 07/01/27 | 3,500 | 3,742,375 | ||||||||||||
|
||||||||||||||||
Series 2010 XX, RB |
5.25% | 07/01/40 | 2,800 | 2,899,904 | ||||||||||||
|
||||||||||||||||
Series 2012 A, RB |
5.00% | 07/01/42 | 5,105 | 5,223,895 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
|
||||||||||||
Puerto Rico(continued) |
||||||||||||
Puerto Rico Sales Tax Financing Corp.; |
5.38% | 08/01/39 | $ | 2,125 | $ | 2,307,516 | ||||||
|
||||||||||||
First Subseries 2010 A, RB |
5.50% | 08/01/42 | 2,900 | 3,147,022 | ||||||||
|
||||||||||||
First Subseries 2010 C, RB |
5.25% | 08/01/41 | 4,950 | 5,326,151 | ||||||||
|
||||||||||||
26,469,055 | ||||||||||||
|
||||||||||||
Rhode Island0.20% |
||||||||||||
Rhode Island Economic Development Corp.; Series 2004 A, Ref. Airport RB (INS-AGM) |
5.00% | 07/01/21 | 1,500 | 1,562,460 | ||||||||
|
||||||||||||
South Carolina2.69% |
||||||||||||
Charleston Educational Excellence Finance Corp. (Charleston County School District); |
5.25% | 12/01/29 | 8,000 | 8,876,400 | ||||||||
|
||||||||||||
South Carolina (State of) Public Service Authority; |
5.00% | 01/01/13 | 1,060 | 1,064,357 | ||||||||
|
||||||||||||
Series 2002 D, Ref. RB (c)(g) |
5.00% | 01/01/13 | 1,000 | 1,004,110 | ||||||||
|
||||||||||||
Series 2003 A, Ref. RB (c)(g) |
5.00% | 07/01/13 | 1,710 | 1,757,487 | ||||||||
|
||||||||||||
Series 2003 A, Ref. RB (INS-AMBAC) (a) |
5.00% | 01/01/22 | 5,290 | 5,428,492 | ||||||||
|
||||||||||||
Series 2003 A, Ref. RB (INS-AMBAC) (a) |
5.00% | 01/01/27 | 2,655 | 2,724,189 | ||||||||
|
||||||||||||
20,855,035 | ||||||||||||
|
||||||||||||
Texas16.64% |
||||||||||||
Alamo Community College District; Series 2012, Ref. Limited Tax GO Bonds (b) |
5.00% | 08/15/34 | 5,105 | 6,265,571 | ||||||||
|
||||||||||||
Alliance Airport Authority, Inc. (Federal Express Corp.); Series 2006, Ref. Special |
4.85% | 04/01/21 | 6,000 | 6,474,000 | ||||||||
|
||||||||||||
Arlington (City of); Series 2009, Special Tax RB |
5.00% | 08/15/28 | 4,000 | 4,531,040 | ||||||||
|
||||||||||||
Bexar (County of); Series 2009 A, Flood Control Limited Tax Ctfs. |
5.00% | 06/15/35 | 2,500 | 3,018,150 | ||||||||
|
||||||||||||
Bexar County Health Facilities Development Corp. (Army Retirement Residence); Series |
6.20% | 07/01/45 | 2,225 | 2,546,401 | ||||||||
|
||||||||||||
Dallas Area Rapid Transit; Series 2012, Ref. Sr. Lien Sales Tax RB |
5.00% | 12/01/42 | 1,800 | 2,168,676 | ||||||||
|
||||||||||||
Dallas-Fort Worth International Airport; |
5.38% | 11/01/22 | 3,000 | 3,121,020 | ||||||||
|
||||||||||||
Series 2012 G, Ref. RB |
5.00% | 11/01/34 | 3,000 | 3,480,840 | ||||||||
|
||||||||||||
Friendswood Independent School District; Series 2008, Schoolhouse Unlimited Tax GO |
5.00% | 02/15/25 | 1,130 | 1,340,994 | ||||||||
|
||||||||||||
Harris (County of); Series 2007 C, Ref. Sub. Lien Toll Road Unlimited Tax GO Bonds |
5.25% | 08/15/31 | 5,395 | 7,536,545 | ||||||||
|
||||||||||||
Harris County Health Facilities Development Corp. (Texas Childrens Hospital); Series |
0.19% | 10/01/41 | 2,000 | 2,000,000 | ||||||||
|
||||||||||||
Harris County Industrial Development Corp. (Deer Park Refining Limited Partnership); |
5.00% | 02/01/23 | 1,300 | 1,480,635 | ||||||||
|
||||||||||||
Houston (City of) Convention & Entertainment Facilities Department; Series 2001 B, Hotel |
0.00% | 09/01/25 | 4,650 | 2,833,571 | ||||||||
|
||||||||||||
Houston (City of); |
5.25% | 05/15/23 | 8,300 | 8,855,602 | ||||||||
|
||||||||||||
Series 2004 A, Ref. First Lien Combined Utility System RB (INS-NATL) (a) |
5.25% | 05/15/25 | 9,500 | 10,121,585 | ||||||||
|
||||||||||||
Series 2009 A, Ref. Public Improvement Limited Tax GO Bonds |
5.00% | 03/01/27 | 2,000 | 2,386,360 | ||||||||
|
||||||||||||
Series 2011 D, First Lien Combined Utility System RB (b) |
5.00% | 11/15/33 | 2,700 | 3,276,153 | ||||||||
|
||||||||||||
Series 2011 D, First Lien Combined Utility System RB (b) |
5.00% | 11/15/36 | 4,005 | 4,784,613 | ||||||||
|
||||||||||||
Houston Community College System; Series 2008, Sr. Lien Student Fee RB (INS-AGM) (a) |
5.00% | 04/15/23 | 420 | 500,636 | ||||||||
|
||||||||||||
Lower Colorado River Authority (LCRA Transmissions Services Corp.); Series 2011 A, |
5.00% | 05/15/41 | 2,250 | 2,601,225 | ||||||||
|
||||||||||||
Lower Colorado River Authority; |
5.00% | 05/15/40 | 1,700 | 1,954,473 | ||||||||
|
||||||||||||
Series 2012 B, Ref. RB |
5.00% | 05/15/32 | 2,075 | 2,462,423 | ||||||||
|
||||||||||||
Series 2012 B, Ref. RB |
5.00% | 05/15/37 | 2,900 | 3,378,413 | ||||||||
|
||||||||||||
North Texas Tollway Authority; |
0.00% | 01/01/28 | 18,900 | 10,545,822 | ||||||||
|
||||||||||||
Series 2008 D, Ref. First Tier System CAB RB (INS-AGC) (a)(f) |
0.00% | 01/01/31 | 3,740 | 1,790,338 | ||||||||
|
||||||||||||
Tarrant (County of) Regional Water District; Series 2002, Ref. & Improvement RB (c)(g) |
5.25% | 03/01/13 | 3,165 | 3,205,417 | ||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
|
||||||||||||
Texas(continued) |
||||||||||||
Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated |
5.13% | 05/15/37 | $ | 925 | $ | 944,166 | ||||||
|
||||||||||||
Texas (State of) Transportation Commission; Series 2012 A, Ref. First Tier Turnpike |
5.00% | 08/15/41 | 1,000 | 1,135,290 | ||||||||
|
||||||||||||
Texas A&M University System Board of Regents; |
5.00% | 05/15/25 | 890 | 1,083,806 | ||||||||
|
||||||||||||
Series 2009 A, Financing System RB |
5.00% | 05/15/26 | 2,500 | 3,008,500 | ||||||||
|
||||||||||||
Texas Municipal Gas Acquisition & Supply Corp.; |
5.00% | 12/15/30 | 1,195 | 1,333,321 | ||||||||
|
||||||||||||
Series 2012, Gas Supply RB |
5.00% | 12/15/31 | 1,195 | 1,328,004 | ||||||||
|
||||||||||||
Series 2012, Gas Supply RB |
5.00% | 12/15/32 | 1,200 | 1,330,380 | ||||||||
|
||||||||||||
Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC |
6.88% | 12/31/39 | 1,945 | 2,404,623 | ||||||||
|
||||||||||||
University of Houston; Series 2008, Ref. Consolidated RB (INS-AGM) (a)(b) |
5.00% | 02/15/33 | 9,100 | 10,509,497 | ||||||||
|
||||||||||||
West Harris County Regional Water Authority; Series 2005, Water System RB (INS-AGM) |
5.00% | 12/15/24 | 3,000 | 3,246,870 | ||||||||
|
||||||||||||
128,984,960 | ||||||||||||
|
||||||||||||
Utah1.19% |
||||||||||||
Intermountain Power Agency; Series 2003 A, Ref. Power Supply RB (INS-AGM) (a) |
5.00% | 07/01/21 | 1,500 | 1,538,010 | ||||||||
|
||||||||||||
Salt Lake City (City of) (IHC Hospitals, Inc.); Series 1991, Ref. Hospital RB (d)(g) |
13.06% | 05/15/20 | 2,400 | 2,426,208 | ||||||||
|
||||||||||||
Utah (State of) Transit Authority; Series 2012, Ref. Sales Tax RB |
5.00% | 06/15/42 | 4,500 | 5,239,890 | ||||||||
|
||||||||||||
9,204,108 | ||||||||||||
|
||||||||||||
Vermont0.33% |
||||||||||||
Vermont (State of) Economic Development Authority (Wake Robin Corp.); Series 2006 A, |
5.38% | 05/01/36 | 2,500 | 2,571,075 | ||||||||
|
||||||||||||
Virgin Islands0.35% |
||||||||||||
Virgin Islands (Government of) Public Finance Authority (Matching Fund Loan Note); |
5.00% | 10/01/25 | 2,400 | 2,696,328 | ||||||||
|
||||||||||||
Virginia2.52% |
||||||||||||
Fairfax (County of) Economic Development Authority (Goodwin House Inc.); Series 2007, |
5.13% | 10/01/37 | 1,750 | 1,834,910 | ||||||||
|
||||||||||||
Fairfax (County of) Industrial Development Authority (INOVA Health System); Series |
5.25% | 08/15/19 | 9,000 | 10,538,280 | ||||||||
|
||||||||||||
Prince William (County of) Service Authority; Series 2003, Ref. Water & Sewer System |
5.00% | 07/01/21 | 2,000 | 2,093,820 | ||||||||
|
||||||||||||
Virginia (State of) Small Business Financing Authority (Elizabeth River Crossings Opco, |
5.50% | 01/01/42 | 1,815 | 2,051,549 | ||||||||
|
||||||||||||
Virginia (State of) Small Business Financing Authority (Express Lanes, LLC); Series 2012, |
5.00% | 01/01/40 | 2,800 | 3,018,092 | ||||||||
|
||||||||||||
19,536,651 | ||||||||||||
|
||||||||||||
Washington4.70% |
||||||||||||
Chelan (County of) Public Utility District No. 1; Series 2011 A, Ref. Consolidated RB (e) |
5.50% | 07/01/25 | 925 | 1,141,431 | ||||||||
|
||||||||||||
Grant (County of) Public Utility District No. 2; Series 2005 A, Ref. Wanapum Hydro |
5.00% | 01/01/34 | 1,705 | 1,812,040 | ||||||||
|
||||||||||||
Lewis (County of) Public Utility District No. 1 (Cowlitz Falls Hydroelectric); Series 2003, |
5.00% | 10/01/22 | 1,000 | 1,038,590 | ||||||||
|
||||||||||||
Seattle (Port of); Series 2012 A, Ref. Intermediate Lien RB |
5.00% | 08/01/31 | 2,700 | 3,275,235 | ||||||||
|
||||||||||||
Spokane County School District No. 81; Series 2005, Unlimited Tax GO Bonds (c)(g) |
5.13% | 06/01/15 | 2,500 | 2,793,750 | ||||||||
|
||||||||||||
Washington (State of) Health Care Facilities Authority (Catholic Health Initiatives); Series |
5.00% | 02/01/41 | 3,000 | 3,398,040 | ||||||||
|
||||||||||||
Washington (State of) Health Care Facilities Authority (Providence Health); Series 2006 C, |
5.25% | 10/01/33 | 1,500 | 1,683,180 | ||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
|
||||||||||||
Washington(continued) |
||||||||||||
Washington (State of); |
5.00% | 08/01/29 | $ | 8,420 | $ | 10,376,724 | ||||||
|
||||||||||||
Series 2010 A, Various Purpose Unlimited Tax GO Bonds (b) |
5.00% | 08/01/30 | 8,850 | 10,893,996 | ||||||||
|
||||||||||||
36,412,986 | ||||||||||||
|
||||||||||||
Wisconsin1.03% |
||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance); Series |
5.00% | 06/01/39 | 5,000 | 5,540,050 | ||||||||
|
||||||||||||
Wisconsin (State of); Series 2009 A, General Fund Annual Appropriation RB |
5.63% | 05/01/28 | 2,000 | 2,484,400 | ||||||||
|
||||||||||||
8,024,450 | ||||||||||||
|
||||||||||||
TOTAL INVESTMENTS(l)153.50% (Cost $1,061,123,632) |
1,189,929,143 | |||||||||||
|
||||||||||||
FLOATING RATE NOTE OBLIGATIONS(26.13)% |
(202,540,000) | |||||||||||
|
||||||||||||
OTHER ASSETS LESS LIABILITIES0.22% |
1,693,667 | |||||||||||
|
||||||||||||
VARIABLE RATE MUNI TERM PREFERRED SHARES(27.59)% |
(213,900,000 | ) | ||||||||||
|
||||||||||||
NET ASSETS APPLICABLE TO COMMON SHARES100.00% |
$ | 775,182,810 | ||||||||||
|
Investment Abbreviations: | ||
AGC |
Assured Guaranty Corp. | |
AGM |
Assured Guaranty Municipal Corp. | |
AMBAC |
American Municipal Bond Assurance Corp. | |
BAN |
Bond Anticipation Notes | |
BHAC |
Berkshire Hathaway Assurance Corp. | |
CAB |
Capital Appreciation Bonds | |
CEP |
Credit Enhancement Provider | |
Conv. |
Convertible | |
COP |
Certificates of Participation | |
Ctfs. |
Certificates | |
FTA |
Federal Transit Administration | |
GO |
General Obligation | |
IDR |
Industrial Development Revenue Bonds | |
INS |
Insurer | |
LOC |
Letter of Credit | |
NATL |
National Public Finance Guarantee Corp. | |
PCR |
Pollution Control Revenue Bonds | |
PILOT |
Payment-in-Lieu-of-Tax | |
RAB |
Revenue Anticipation Bonds | |
RB |
Revenue Bonds | |
Ref. |
Refunding | |
Sec. |
Secured | |
SGI |
Syncora Guarantee, Inc. | |
Sr. |
Senior | |
Sub. |
Subordinated | |
VRD |
Variable Rate Demand |
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Notes to Schedule of Investments:
(a) | Principal and/or interest payments are secured by the bond insurance company listed. |
(b) | Underlying security related to Dealer Trusts entered into by the Trust. See Note 1D. |
(c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
(d) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2012. |
(e) | Security subject to the alternative minimum tax. |
(f) | Zero coupon bond issued at a discount. |
(g) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
(h) | Demand security payable upon demand by the Trust at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2012. |
(i) | Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. |
(j) | Security is subject to a shortfall agreement which may require the Trust to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the Dealer Trusts. In case of a shortfall, the maximum potential amount of payments the Trust could ultimately be required to make under the agreement is $27,719,002. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the Dealer Trusts. |
(k) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at November 30, 2012 represented 0.34% of the Trusts Net Assets. |
(l) | This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuers obligations but may be called upon to satisfy the issuers obligations. |
Entities |
Percentage | |
Assured Guaranty Municipal Corp. |
9.0% | |
National Public Finance Guarantee Corp. |
7.8 |
(m) | Floating rate note obligations related to securities held. The interest rates shown reflect the rates in effect at November 30, 2012. At November 30, 2012, the Trusts investments with a value of $366,616,743 are held by Dealer Trusts and serve as collateral for the $202,540,000 in the floating rate note obligations outstanding at that date. |
See accompanying notes which are an integral part of this schedule.
Invesco Quality Municipal Income Trust
Notes to Quarterly Schedule of Portfolio Holdings
November 30, 2012
(Unaudited)
NOTE 1 -- Significant Accounting Policies
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
Securities are fair valued using an evaluated quote provided by an independent pricing service approved by the Board of Trustees. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices and may reflect appropriate factors such as institution-size trading in similar groups of securities, yield (for debt obligations), quality, coupon rate (for debt obligations), maturity (for debt obligations), type of issue, individual trading characteristics and other market data. Securities with a demand feature exercisable within one to seven days are valued at par. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of default with respect to interest and principal payments.
Securities for which market quotations either became not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trusts officers following procedures approved by the Board of Trustees. Some of the factors which may be considered in determining fair value are fundamental analytical data relating to the investment; the nature and duration of any restrictions on transferability or disposition; trading in similar securities by the same issuer or comparable companies; relevant political, economic or issuer specific news; and other relevant factors under the circumstances.
Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuers assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
B. | Securities Transactions and Investment Income Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. |
The Trust may periodically participate in litigation related to Trust investments. As such, the Trust may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.
Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Trusts net asset value and, accordingly, they reduce the Trusts total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Trust and the investment adviser.
C. | Country Determination For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuers securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted. |
D. | Floating Rate Note Obligations The Trust invests in inverse floating rate securities, such as Residual Interest Bonds (RIBs) or Tender Option Bonds (TOBs) for investment purposes and to enhance the yield of the Trust. Inverse floating rate investments tend to underperform the market for fixed rate bonds in a rising interest rate environment, but tend to outperform the market for fixed rate bonds when interest rates decline or remain relatively stable. Such transactions may be purchased in the secondary market without first owning the underlying bond or by the sale of fixed |
Invesco Quality Municipal Income Trust
rate bonds by the Trust to special purpose trusts established by a broker dealer (Dealer Trusts) in exchange for cash and residual interests in the Dealer Trusts assets and cash flows, which are in the form of inverse floating rate securities. The Dealer Trusts finance the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Trust to retain residual interests in the bonds. The floating rate notes issued by the Dealer Trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the Dealer Trusts for redemption at par at each reset date. The residual interests held by the Trust (inverse floating rate investments) include the right of the Trust (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the Dealer Trusts to the Trust, thereby collapsing the Dealer Trusts.
TOBs are presently classified as private placement securities. Private placement securities are subject to restrictions on resale because they have not been registered under the Securities Act of 1933, as amended, or are otherwise not readily marketable. As a result of the absence of a public trading market for these securities, they may be less liquid than publicly traded securities. Although these securities may be resold in privately negotiated transactions, the prices realized from these sales could be less than those originally paid by the Trust or less than what may be considered the fair value of such securities.
The Trust accounts for the transfer of bonds to the Dealer Trusts as secured borrowings, with the securities transferred remaining in the Trusts investment assets, and the related floating rate notes reflected as Trust liabilities under the caption Floating rate note obligations on the Statement of Assets and Liabilities. The Trust records the interest income from the fixed rate bonds under the caption Interest and records the expenses related to floating rate obligations and any administrative expenses of the Dealer Trusts a component of Interest, facilities and maintenance fees on the Statement of Operations.
The Trust generally invests in inverse floating rate securities that include embedded leverage, thus exposing the Trust to greater risks and increased costs. The primary risks associated with inverse floating rate securities are varying degrees of liquidity and the changes in the value of such securities in response to changes in market rates of interest to a greater extent than the value of an equal principal amount of a fixed rate security having similar credit quality, redemption provisions and maturity which may cause the Trusts net asset value to be more volatile than if it had not invested in inverse floating rate securities. In certain instances, the short-term floating rate interests created by the special purpose trust may not be able to be sold to third parties or, in the case of holders tendering (or putting) such interests for repayment of principal, may not be able to be remarketed to third parties. In such cases, the special purpose trust holding the long-term fixed rate bonds may be collapsed. In the case of RIBs or TOBs created by the contribution of long-term fixed income bonds by the Trust, the Trust will then be required to repay the principal amount of the tendered securities. During times of market volatility, illiquidity or uncertainty, the Trust could be required to sell other portfolio holdings at a disadvantageous time to raise cash to meet that obligation.
E. | Other Risks The value of, payment of interest on, repayment of principal for and the ability to sell a municipal security may be affected by constitutional amendments, legislative enactments, executive orders, administrative regulations, voter initiatives and the economics of the regions in which the issuers are located. |
Since many municipal securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal securities market and a Trusts investments in municipal securities.
There is some risk that a portion or all of the interest received from certain tax-free municipal securities could become taxable as a result of determinations by the Internal Revenue Service.
Invesco Quality Municipal Income Trust
NOTE 2 -- Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3) generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investments assigned level:
Level 1 | Prices are determined using quoted prices in an active market for identical assets. |
Level 2 | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. |
Level 3 | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Trusts own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
The following is a summary of the tiered valuation input levels, as of November 30, 2012. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Municipal Obligations |
$ | -- | $ | 1,189,929,143 | $ | -- | $ | 1,189,929,143 |
NOTE 3 -- Investment Securities
The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Trust during the nine months ended November 30, 2012 was $98,520,336 and $70,648,558, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.
Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis | ||||
Aggregate unrealized appreciation of investment securities |
$ | 127,343,742 | ||
Aggregate unrealized (depreciation) of investment securities |
(273,534) | |||
Net unrealized appreciation of investment securities |
$ | 127,070,208 | ||
Cost of investments for tax purposes is $1,062,858,935. |
Invesco Quality Municipal Income Trust
Item 2. Controls and Procedures.
(a) | As of November 19, 2012, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (PEO) and Principal Financial Officer (PFO), to assess the effectiveness of the Registrants disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (Act), as amended. Based on that evaluation, the Registrants officers, including the PEO and PFO, concluded that, as of November 19, 2012, the Registrants disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure. |
(b) | There have been no changes in the Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting. |
Item 3. Exhibits.
Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.
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012213 (1) BO
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant: Invesco Quality Municipal Income Trust
By: |
/s/ Philip A. Taylor | |
Philip A. Taylor | ||
Principal Executive Officer | ||
Date: |
January 29, 2013 |
Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: |
/s/ Philip A. Taylor | |
Philip A. Taylor | ||
Principal Executive Officer | ||
Date: |
January 29, 2013 |
By: |
/s/ Sheri Morris | |
Sheri Morris | ||
Principal Financial Officer | ||
Date: |
January 29, 2013 |
2286705
011713 (1) BO
EXHIBIT INDEX
Certifications of Principal Executive Officer (PEO) and Principal Financial Officer (PFO) as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended.
I, Philip A. Taylor, Principal Executive Officer, certify that:
1. I have reviewed this report on Form N-Q of Invesco Quality Municipal Income Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidating subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in this registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting.
5. The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of trustees (or persons performing equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.
Date: January 29, 2013 | /s/ Philip A. Taylor | |
Philip A. Taylor, Principal Executive Officer |
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011713 (1) BO
I, Sheri Morris, Principal Financial Officer, certify that:
1. I have reviewed this report on Form N-Q of Invesco Quality Municipal Income Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidating subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in this registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting.
5. The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of trustees (or persons performing equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.
Date: January 29, 2013 | /s/ Sheri Morris | |
Sheri Morris, Principal Financial Officer |
2285784
011713 (1) BO
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