Company: IQI
Filing Date: 2025-11-07
Form Type: N-CSRS
Source: 0001193125-25-271175
Chunk: 24

Company: Invesco Quality Municipal Income Trust
Filing Date: 2025-11-07
Form: N-CSRS
Chunk 24
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 such as various middle office and back office support functions, third party oversight, internal audit, valuation, portfolio trading and legal and compliance. The Board considered Invesco Advisers’ systems preparedness and ongoing investment to seek to manage, operate and oversee the Invesco Funds with minimal impact or disruption through challenging environments. The Board reviewed and considered the benefits to shareholders of investing in a Fund that is part of the family of funds under the umbrella of Invesco Ltd., Invesco Advisers’ parent company, and noted Invesco Ltd.’s depth and experience in running an investment management business, as well as its commitment of financial and other resources to such business. The Board concluded that the nature, extent and quality of the services provided to the Fund by Invesco Advisers supported the renewal of the investment advisory agreement. The Board reviewed the services that may be provided to the Fund by the Affiliated Sub-Advisersunder the sub-advisorycontracts and the credentials and experience of the officers and employees of the Affiliated Sub-Adviserswho provide these services. The Board noted the Affiliated Sub-Advisers’expertise with respect to certain asset classes and that the Affiliated Sub-Advisershave offices and personnel that are located in financial centers around the world. As a result, the Board noted that the Affiliated Sub-Adviserscan provide research and investment analysis on the markets and economies of various countries and territories in which the Fund may invest, make recommendations regarding securities and assist with portfolio trading. The Board concluded that the sub-advisorycontracts may benefit the Fund and its shareholders by permitting Invesco Advisers to use the resources and talents of the Affiliated Sub-Advisersin managing the Fund. The Board concluded that the nature, extent and quality of the services that may be provided to the Fund by the Affiliated Sub-Adviserssupported the renewal of the sub-advisorycontracts. B. Fund Investment Performance The Board considered Fund investment performance as a relevant factor in considering whether to approve the investment advisory agreement. The Board did not view Fund investment performance as a relevant factor in considering whether to approve the sub-advisorycontracts for the Fund, as no Affiliated Sub-Advisercurrently manages assets of the Fund. The Board compared the Fund’s investment performance over multiple time periods ending December 31, 2024 to the performance of funds in the Broadridge performance universe and against the S&P Municipal Bond 5+ Year Investment Grade Index (