The Invesco Value Municipal Income Trust (IIM) is a closed-end investment vehicle specializing in fixed income, established by Invesco Ltd. Its management responsibilities are shared among multiple Invesco affiliates, including 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 trust's primary objective is to invest in the fixed income markets within the United States. Its portfolio is predominantly composed of investment-grade municipal securities, encompassing municipal bonds, notes, commercial paper, and lease obligations. Investment decisions are guided by a fundamental analysis framework, employing a bottom-up security selection methodology. Formed on February 26, 1993, and domiciled in the United States, the fund was previously known as the Invesco Insured Municipal Income Trust.