In plain terms — Invesco Trust for Investment Grade New York Municipals
Shares currently cost about 1.8% more than the value of the assets behind them (a premium).
Over the past year it has averaged a 3.3% premium, so today's level is somewhat wide for this fund (Z-score -1.8). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 8.5% a year of the share price (8.6% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade above the value of their assets, each dollar of reinvested distributions buys about $0.98 of assets — a ReinvestCapture™ rate of 8.3%, less than the payout rate itself. That is buying power, not a return.
The assets themselves fell 7.2% over the past year including distributions (NAV total return).
Annual costs are 2.69% of assets.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | +2.60% | 2.49% | -1.55 | 55 |
| 6 months | +2.83% | 1.97% | -2.07 | 108 |
| 1 year | +3.26% | 2.49% | -1.81 | 206 |
| 3 years | -4.50% | — | — | — |
| 5 years | -7.67% | — | — | — |
Current contemporaneous premium/discount -1.26% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -2.78% to +9.29%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -7.98% | -19.90% | -19.90% | -17.46% | +0.73% | -7.37% |
| Market price total return | -6.62% | -17.64% | -14.11% | -9.88% | +8.17% | -1.61% |
| NAV return | -3.74% | -12.17% | -12.65% | -13.99% | -4.29% | -7.85% |
| NAV total return | -3.74% | -10.98% | -7.48% | -7.19% | +2.09% | -2.72% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Invesco Trust for Investment Grade New York Municipals is a closed-end mutual fund from Invesco Ltd. that focuses on fixed income investments. Its management is a collaborative effort involving a range of Invesco's global asset management subsidiaries, specifically Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. The fund's primary investment strategy involves allocating capital within the fixed income markets of the United States. It predominantly targets investment-grade municipal debt instruments issued by New York entities, such as municipal bonds, notes, commercial paper, and lease obligations. Its portfolio is constructed using a disciplined methodology that integrates fundamental analysis with a bottom-up approach to security selection. Initially known as Invesco Van Kampen Trust for Investment Grade New York Municipals, this fund commenced operations on March 27, 1992, and is legally established in the United States.
CEF Explorer research page for Invesco Trust for Investment Grade New York Municipals. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.