Invesco Quality Municipal Income Trust Common Stock (IQI)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start by asking what I own. IQI is a closed-end municipal bond fund, not a business with customers and pricing power. It holds investment-grade U.S. municipal securities, managed by Invesco. The fund's economics are modest: at the 2026-10-13 close of $8.93, FairStock's P/B is 0.86, so it trades below book value, and the dividend yield is 7.77%. But the P/E is 26.26, ROE 3.20%, ROCE 2.70%, and D/E 0.50. That combination tells me income is high but underlying profitability is thin and leverage is material. The Graham Number is $8.91, leaving a margin of safety of -0.22%—essentially no discount. The Piotroski F-Score is 2/9 and Altman Z-Score 0.99, which are weak signs, though for a fund these scores need caution. The 52-week range is $8.47 to $10.42, so the price is near the low end and beta 0.74 suggests lower volatility than stocks. A FairStock score of 55/100 is middling. Growth trajectory is unclear: revenue and profit growth are N/A, and no Peter Lynch category is assigned because only 0 years of filed annual results are available. The fund's moat is slight—Invesco's distribution and closed-end structure—but municipal spread and duration risk dominate. At roughly book value, with 7.77% yield, the price looks fair, not compelling. I would need evidence of stable distribution coverage and leverage discipline before calling it a bargain.

In plain English: This is a closed-end fund that invests mostly in U.S. municipal bonds. The business looks modest: it pays a high income, but profitability is low and it uses some borrowed money. At the recent price, it looks neither clearly cheap nor clearly expensive compared with its assets and earnings.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer