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

Company: Invesco Quality Municipal Income Trust
Filing Date: 2025-11-07
Form: N-CSRS
Chunk 25
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Index). The Board noted that the Fund’s performance was in the third quintile of its performance universe for the one, three and five year periods (the first quintile being the best performing funds on a relative basis and the fifth quintile being the worst performing funds on a relative basis). The Board noted that the Fund’s performance was above the performance of the Index for the one year period and below the performance of the Index for the three and five year periods. The Board recognized that the performance

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data reflects a snapshot in time as of a particular date and that selecting a different performance period could produce different results. The Board also reviewed more recent Fund performance as well as other performance metrics, which did not change its conclusions. The Board also reviewed supplementally historic premium and discount levels of the Fund as provided to the Board at meetings throughout the year. C. Advisory and Sub-AdvisoryFees and Fund Expenses The Board received information regarding Invesco Advisers’ approach with respect to contractual management fee schedules and compared the Fund’s contractual management fee rate to the contractual management fee rates of funds in the Fund’s Broadridge expense group. The Board noted that the contractual management and actual management fee rates for shares of the Fund were each reasonably comparable to the median contractual management and actual management fee rates of funds in its expense group. The Board noted that the term “contractual management fee” and “actual management fee” for funds in the expense group may include both advisory and certain non-portfoliomanagement administrative services fees, but that Broadridge is not able to provide information on a fund-by-fundbasis as to what is included. The Board also reviewed the methodology used by Broadridge in calculating expense group information, which includes using each fund’s contractual management fee schedule (including any applicable breakpoints) as reported in the most recent audited annual reports for each fund in the expense group. The Board also considered comparative information regarding the Fund’s total expense ratio and its various components. The Board noted that Invesco Advisers and the Affiliated Sub-Advisersdo not manage other similarly managed mutual funds or client accounts. The Board also considered the services that may be provided by the Affiliated Sub-Adviserspursuant to the sub-advisorycontracts, as well as the fees payable by Invesco Advisers to the Affiliated Sub-Adviserspursuant to the sub-advisorycontracts. D. Economies of Scale and Break