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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-06537
| Invesco Trust for Investment Grade New York Municipals |
||
| (Exact name of registrant as specified in charter) | ||
| 1555 Peachtree Street, N.E., Suite 1800 Atlanta, Georgia 30309 |
||
| (Address of principal executive offices) (Zip code) | ||
| Sheri Morris 1555 Peachtree Street, N.E., Suite 1800 Atlanta, Georgia 30309 |
||
| (Name and address of agent for service) | ||
Registrant’s telephone number, including area code: (713) 626-1919
Date of fiscal year end: 2/28
Date of reporting period: 11/30/16
Item 1. Schedule of Investments.
|
Invesco Trust for Investment Grade | ||
| New York Municipals | ||
| Quarterly Schedule of Portfolio Holdings | ||
| November 30, 2016 |
|
||||||||||
| invesco.com/us | VK-CE-IGNYM-QTR-1 | 11/16 | Invesco Advisers, Inc. | |||||||
Schedule of Investments
November 30, 2016
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Municipal Obligations–167.31%(a) |
||||||||||||||||
| New York–160.44% |
||||||||||||||||
| Albany (City of) Industrial Development Agency (St. Peter’s Hospital); Series 2008 D, Civic Facility RB (b)(c) |
5.75% | 11/15/2017 | $ | 1,000 | $ | 1,046,490 | ||||||||||
| Albany (County of) Airport Authority; Series 2010 A, Ref. RB (INS-AGM) (d) |
5.00% | 12/15/2025 | 500 | 548,765 | ||||||||||||
| Albany Capital Resource Corp. (St. Peter’s Hospital); Series 2011, RB (b)(c) |
6.25% | 11/15/2020 | 2,360 | 2,772,080 | ||||||||||||
| Battery Park City Authority; Series 2009 B, Sr. RB |
5.00% | 11/01/2034 | 3,700 | 4,034,813 | ||||||||||||
| Brookhaven (Town of) Local Development Corp. (Jefferson’s Ferry); Series 2016, Ref. RB |
5.25% | 11/01/2036 | 1,010 | 1,085,689 | ||||||||||||
| Brooklyn Arena Local Development Corp. (Barclays
Center); |
0.00% | 07/15/2034 | 8,315 | 3,901,315 | ||||||||||||
| Series 2009, PILOT RB (b)(c) |
6.25% | 01/15/2020 | 1,565 | 1,785,258 | ||||||||||||
| Series 2009, RB (b)(c) |
6.38% | 01/15/2020 | 1,025 | 1,173,143 | ||||||||||||
| Series 2016 A, PILOT Ref. RB (f) |
5.00% | 07/15/2042 | 10,055 | 10,674,086 | ||||||||||||
| Buffalo & Erie County Industrial Land Development Corp. (Orchard Park); Series 2015, Ref. RB |
5.00% | 11/15/2037 | 2,465 | 2,577,182 | ||||||||||||
| Build NYC Resource Corp. (Bronx Charter School for Excellence); Series 2013 A, RB |
5.50% | 04/01/2043 | 1,260 | 1,305,587 | ||||||||||||
| Build NYC Resource Corp. (New York Law School); Series 2016, Ref. RB |
5.00% | 07/01/2041 | 2,085 | 2,232,618 | ||||||||||||
| Build NYC Resource Corp. (Pratt Paper Inc.); Series 2014, Ref. Solid Waste Disposal RB (g)(h) |
5.00% | 01/01/2035 | 2,700 | 2,911,950 | ||||||||||||
| Build NYC Resource Corp. (YMCA of Greater New
York); |
5.00% | 08/01/2032 | 650 | 704,931 | ||||||||||||
| Series 2012, RB |
5.00% | 08/01/2042 | 2,250 | 2,422,080 | ||||||||||||
| Build NYC Resource Corp.; Series 2015, RB |
5.00% | 07/01/2045 | 2,840 | 3,081,088 | ||||||||||||
| East Rochester (Village of) Housing Authority (Woodland Village, Inc.); Series 2006, Ref. Senior Living RB |
5.50% | 08/01/2033 | 2,400 | 2,415,744 | ||||||||||||
| Erie (County of) Industrial Development Agency (City of
Buffalo School District); |
5.25% | 05/01/2028 | 2,500 | 2,840,150 | ||||||||||||
| Series 2011 A, School Facility RB (f) |
5.25% | 05/01/2030 | 2,710 | 3,013,547 | ||||||||||||
| Series 2011 A, School Facility RB (f) |
5.25% | 05/01/2031 | 1,000 | 1,111,130 | ||||||||||||
| Series 2015, Ref. RB (f) |
5.00% | 05/01/2026 | 5,000 | 5,898,950 | ||||||||||||
| Series 2015, Ref. RB (f) |
5.00% | 05/01/2027 | 2,500 | 2,928,575 | ||||||||||||
| Series 2015, Ref. RB (f) |
5.00% | 05/01/2028 | 2,500 | 2,909,275 | ||||||||||||
| Erie Tobacco Asset Securitization Corp.; Series 2005 A, Tobacco Settlement Asset-Backed RB |
5.00% | 06/01/2045 | 3,225 | 3,022,857 | ||||||||||||
| Hempstead Town Local Development Corp. (Molloy College); Series 2009, RB |
5.75% | 07/01/2039 | 3,115 | 3,330,558 | ||||||||||||
| Hudson Yards Infrastructure Corp.; Series 2011 A, RB |
5.75% | 02/15/2047 | 3,160 | 3,565,681 | ||||||||||||
| Long Island Power Authority; |
5.75% | 04/01/2039 | 635 | 682,161 | ||||||||||||
| Series 2009 A, Electric System General RB (b)(c) |
6.25% | 04/01/2019 | 1,860 | 2,064,991 | ||||||||||||
| Series 2016 B, Ref. RB |
5.00% | 09/01/2036 | 1,345 | 1,486,978 | ||||||||||||
| Metropolitan Transportation Authority; |
5.00% | 11/15/2034 | 500 | 543,365 | ||||||||||||
| Series 2009 B, Dedicated Tax Fund RB (b)(c) |
5.25% | 11/15/2019 | 1,535 | 1,704,725 | ||||||||||||
| Series 2012 H, RB |
5.00% | 11/15/2030 | 750 | 839,970 | ||||||||||||
| Series 2013 E, RB |
5.00% | 11/15/2030 | 2,750 | 3,100,405 | ||||||||||||
| Subseries 2011 B-2, Dedicated Tax Fund RB |
5.00% | 11/15/2032 | 1,360 | 1,523,350 | ||||||||||||
| Subseries 2014 D-1, Transportation RB |
5.25% | 11/15/2044 | 1,850 | 2,081,361 | ||||||||||||
| Monroe County Industrial Development Corp. (Nazareth College of Rochester); Series 2011, RB |
5.50% | 10/01/2041 | 880 | 953,559 | ||||||||||||
| Monroe County Industrial Development Corp. (St. John Fisher College); Series 2014 A, RB |
5.50% | 06/01/2034 | 1,000 | 1,112,830 | ||||||||||||
| Monroe County Industrial Development Corp. (University of
Rochester); |
5.00% | 07/01/2036 | 2,030 | 2,221,835 | ||||||||||||
| Series 2013 A, RB |
5.00% | 07/01/2038 | 1,000 | 1,097,380 | ||||||||||||
| MTA Hudson Rail Yards Trust Obligations; Series 2016 A, RB (f) |
5.00% | 11/15/2056 | 10,095 | 10,925,617 | ||||||||||||
| Nassau (County of) Industrial Development Agency (Amsterdam
at Harborside); |
6.70% | 01/01/2049 | 420 | 417,770 | ||||||||||||
| Series 2014 C, Continuing Care Retirement Community RB |
2.00% | 01/01/2049 | 152 | 25,357 | ||||||||||||
| Nassau County Local Economic Assistance Corp. (Catholic Health Services of Long Island Obligated Group); Series 2014, RB |
5.00% | 07/01/2033 | 1,000 | 1,070,250 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade New York Municipals
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York–(continued) |
||||||||||||
| Nassau County Local Economic Assistance Corp. (South Nassau Communities); Series 2012, Ref. RB |
5.00% | 07/01/2027 | $ | 2,070 | $ | 2,276,400 | ||||||
| Nassau County Local Economic Assistance Corp. (Winthrop University Hospital Association); Series 2012, Ref. RB |
5.00% | 07/01/2037 | 2,250 | 2,409,232 | ||||||||
| Nassau County Tobacco Settlement Corp.; |
5.25% | 06/01/2026 | 1,000 | 978,580 | ||||||||
| Series 2006 A-3, Sr. Asset-Backed RB |
5.00% | 06/01/2035 | 1,250 | 1,156,275 | ||||||||
| New York & New Jersey (States of) Port Authority
(JFK International Air Terminal LLC); |
5.75% | 12/01/2022 | 2,000 | 2,040,980 | ||||||||
| Series 1997 6, Special Obligation RB (INS-NATL) (d)(g) |
5.75% | 12/01/2025 | 2,500 | 2,546,125 | ||||||||
| Series 2010, Special Obligation RB |
6.00% | 12/01/2042 | 1,930 | 2,182,637 | ||||||||
| New York & New Jersey (States of) Port Authority; One Hundred Fifty-Second Series 2008, Consolidated RB (f)(g) |
5.00% | 11/01/2025 | 10,000 | 10,487,700 | ||||||||
| New York (City of) Industrial Development Agency (New York Stock Exchange); Series 2009 A, Ref. Special Facility RB |
5.00% | 05/01/2021 | 2,445 | 2,643,314 | ||||||||
| New York (City of) Industrial Development Agency (Polytechnic University); Series 2007, Ref. Civic Facility RB (INS-ACA) (d) |
5.25% | 11/01/2037 | 3,700 | 3,822,359 | ||||||||
| New York (City of) Industrial Development Agency (Queens Baseball Stadium); Series 2006, PILOT RB (INS-AMBAC) (d) |
5.00% | 01/01/2036 | 2,860 | 2,860,658 | ||||||||
| New York (City of) Municipal Water Finance
Authority; |
5.50% | 06/15/2040 | 3,000 | 3,257,730 | ||||||||
| Series 2010 FF, Second General Resolution Water & Sewer System RB |
5.00% | 06/15/2031 | 600 | 660,750 | ||||||||
| Series 2013 DD, Water & Sewer System RB |
5.00% | 06/15/2035 | 3,000 | 3,374,790 | ||||||||
| Series 2014 EE, Ref. Water & Sewer System RB |
5.00% | 06/15/2045 | 1,025 | 1,133,998 | ||||||||
| New York (City of) Transitional Finance
Authority; |
5.50% | 07/15/2038 | 2,950 | 3,128,150 | ||||||||
| Series 2009 S-2, Building Aid RB |
6.00% | 07/15/2033 | 1,650 | 1,768,321 | ||||||||
| Series 2009 S-3, Building Aid RB (f) |
5.25% | 01/15/2027 | 4,500 | 4,833,765 | ||||||||
| Series 2009 S-3, Building Aid RB (f) |
5.25% | 01/15/2039 | 2,500 | 2,662,550 | ||||||||
| Subseries 2009 A-1, Future Tax Sec. RB (f) |
5.00% | 05/01/2028 | 625 | 676,000 | ||||||||
| Subseries 2009 A-1, Future Tax Sec. RB (f) |
5.00% | 05/01/2029 | 500 | 540,555 | ||||||||
| Subseries 2009 A-1, Future Tax Sec. RB (f) |
5.00% | 05/01/2030 | 500 | 537,750 | ||||||||
| Subseries 2011 D-1, Future Tax Sec. RB (f) |
5.00% | 11/01/2033 | 13,500 | 15,117,030 | ||||||||
| Subseries 2011 E, Future Tax Sec. RB |
5.00% | 11/01/2024 | 1,135 | 1,272,380 | ||||||||
| New York (City of) Trust for Cultural Resources (Carnegie Hall); Series 2009 A, RB |
5.00% | 12/01/2039 | 1,880 | 2,025,794 | ||||||||
| New York (City of) Trust for Cultural Resources (The Museum
of Modern Art); |
5.00% | 10/01/2018 | 1,550 | 1,658,237 | ||||||||
| Series 2008 1A, Ref. RB (b)(c)(f) |
5.00% | 10/01/2018 | 2,250 | 2,407,118 | ||||||||
| New York (City of) Trust for Cultural Resources (Wildlife Conservation Society); Series 2013 A, RB |
5.00% | 08/01/2033 | 2,000 | 2,267,220 | ||||||||
| New York (City of); |
5.50% | 11/15/2018 | 4,050 | 4,389,552 | ||||||||
| Subseries 2008 A-1, Unlimited Tax GO Bonds (f) |
5.25% | 08/15/2027 | 1,140 | 1,212,914 | ||||||||
| Subseries 2008 A-1, Unlimited Tax GO Bonds (f) |
5.25% | 08/15/2028 | 1,140 | 1,212,515 | ||||||||
| Subseries 2008 G-1, Unlimited Tax GO Bonds (b)(c) |
6.25% | 12/15/2018 | 390 | 429,889 | ||||||||
| Subseries 2008 G-1, Unlimited Tax GO Bonds |
6.25% | 12/15/2035 | 10 | 10,955 | ||||||||
| Subseries 2008 I-1, Unlimited Tax GO Bonds (f) |
5.00% | 02/01/2026 | 10,000 | 10,412,000 | ||||||||
| Subseries 2008 L-1, Unlimited Tax GO Bonds (f) |
5.00% | 04/01/2027 | 10,000 | 10,466,500 | ||||||||
| Subseries 2009 I-1, Unlimited Tax GO Bonds (b)(c) |
5.25% | 04/01/2019 | 195 | 212,217 | ||||||||
| Subseries 2009 I-1, Unlimited Tax GO Bonds |
5.25% | 04/01/2032 | 3,305 | 3,555,585 | ||||||||
| New York (Counties of) Tobacco Trust VI; Subseries 2016 A-2A, Ref. Tobacco Settlement Pass Through RB |
5.00% | 06/01/2045 | 1,685 | 1,753,529 | ||||||||
| New York (Counties of) Tobacco Trust V; Subseries 2005 S-1, Pass Through CAB RB (e) |
0.00% | 06/01/2038 | 4,415 | 1,243,396 | ||||||||
| New York (State of) Dormitory Authority (Brooklyn Law
School); |
5.75% | 07/01/2033 | 540 | 579,463 | ||||||||
| Series 2012 A, RB |
5.00% | 07/01/2028 | 1,000 | 1,095,670 | ||||||||
| Series 2012 A, RB |
5.00% | 07/01/2029 | 1,000 | 1,092,730 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade New York Municipals
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York–(continued) |
||||||||||||
| New York (State of) Dormitory Authority (City of New
York); |
5.50% | 05/15/2027 | $ | 700 | $ | 846,839 | ||||||
| Series 2005 A, Court Facilities Lease RB (INS-AMBAC) (d) |
5.50% | 05/15/2030 | 1,750 | 2,144,222 | ||||||||
| Series 2005 A, Court Facilities Lease RB (INS-AMBAC) (d) |
5.50% | 05/15/2031 | 445 | 549,308 | ||||||||
| New York (State of) Dormitory Authority (Convent of The Sacred Heart); Series 2011, RB (INS-AGM) (d) |
5.75% | 11/01/2040 | 1,255 | 1,408,800 | ||||||||
| New York (State of) Dormitory Authority (Cornell University); Series 2010 A, RB |
5.00% | 07/01/2040 | 1,000 | 1,096,210 | ||||||||
| New York (State of) Dormitory Authority (Education); Series 2008 B, State Personal Income Tax RB |
5.75% | 03/15/2036 | 2,150 | 2,339,243 | ||||||||
| New York (State of) Dormitory Authority (Fashion Institute of Technology Student Housing Corp.); Series 2007, RB (INS-NATL) (d) |
5.25% | 07/01/2028 | 2,065 | 2,325,913 | ||||||||
| New York (State of) Dormitory Authority (Fordham
University); |
5.00% | 07/01/2018 | 1,415 | 1,501,527 | ||||||||
| Series 2011 A, RB |
5.13% | 07/01/2029 | 500 | 565,450 | ||||||||
| Series 2014, RB |
5.00% | 07/01/2044 | 1,000 | 1,083,210 | ||||||||
| New York (State of) Dormitory Authority (General Purpose); Series 2011 A, State Personal Income Tax RB (f) |
5.00% | 03/15/2030 | 3,000 | 3,326,790 | ||||||||
| New York (State of) Dormitory Authority (Icahn School of Medicine at Mount Sinai); Series 2015, Ref. RB |
5.00% | 07/01/2045 | 2,835 | 3,060,581 | ||||||||
| New York (State of) Dormitory Authority (Manhattan College); Series 2007 A, RB (INS-AGC) (d) |
5.00% | 07/01/2041 | 2,715 | 2,768,295 | ||||||||
| New York (State of) Dormitory Authority (Memorial
Sloan-Kettering Cancer Center); |
5.50% | 07/01/2023 | 3,750 | 4,418,025 | ||||||||
| New York (State of) Dormitory Authority (Mental Health
Services); |
5.00% | 02/15/2027 | 255 | 256,997 | ||||||||
| Series 2007 F, RB (b)(c) |
5.00% | 02/15/2017 | 2,245 | 2,264,689 | ||||||||
| Series 2008 C, Mental Health Services Facilities Improvement RB (INS-AGM) (d)(g) |
5.25% | 02/15/2028 | 1,890 | 1,996,709 | ||||||||
| New York (State of) Dormitory Authority (Mount Sinai
Hospital Obligated Group); |
5.00% | 07/01/2031 | 2,125 | 2,284,077 | ||||||||
| New York (State of) Dormitory Authority (Mount Sinai School of Medicine of New York University); Series 2009, RB (b)(c) |
5.13% | 07/01/2019 | 1,750 | 1,911,700 | ||||||||
| New York (State of) Dormitory Authority (New York
University Hospitals Center); |
6.00% | 07/01/2020 | 500 | 575,425 | ||||||||
| New York (State of) Dormitory Authority (New York
University); |
5.50% | 07/01/2031 | 2,500 | 3,094,600 | ||||||||
| Series 2001 1, RB (INS-BHAC) (d) |
5.50% | 07/01/2031 | 1,115 | 1,359,854 | ||||||||
| New York (State of) Dormitory Authority (North Shore - Long
Island Jewish Obligated Group); |
5.50% | 05/01/2019 | 1,250 | 1,371,288 | ||||||||
| Series 2011 A, RB |
5.00% | 05/01/2032 | 500 | 548,030 | ||||||||
| New York (State of) Dormitory Authority (Orange Regional Medical Center); Series 2015, Ref. RB (h) |
5.00% | 12/01/2045 | 1,075 | 1,132,814 | ||||||||
| New York (State of) Dormitory Authority (Pace Universiry); Series 2013 A, RB |
5.00% | 05/01/2025 | 1,120 | 1,204,526 | ||||||||
| New York (State of) Dormitory Authority (Pace
University); |
5.00% | 05/01/2023 | 25 | 28,975 | ||||||||
| Series 2013 A, RB (b)(c) |
5.00% | 05/01/2023 | 30 | 34,770 | ||||||||
| Series 2013 A, RB |
5.00% | 05/01/2029 | 1,270 | 1,336,878 | ||||||||
| New York (State of) Dormitory Authority (Pratt Institute); Series 2015 A, Ref. RB |
5.00% | 07/01/2044 | 1,085 | 1,160,483 | ||||||||
| New York (State of) Dormitory Authority (Pratt Institution); Series 2009 C, RB (b)(c) |
5.13% | 07/01/2019 | 1,000 | 1,093,470 | ||||||||
| New York (State of) Dormitory Authority (Rochester Institute of Technology); Series 2010, RB |
5.00% | 07/01/2040 | 1,750 | 1,907,623 | ||||||||
| New York (State of) Dormitory Authority (Rockefeller University); Series 2010 A, RB |
5.00% | 07/01/2041 | 1,870 | 2,047,893 | ||||||||
| New York (State of) Dormitory Authority (Sales Tax); Series 2014 A, State Supported Debt RB |
5.00% | 03/15/2044 | 2,460 | 2,708,854 | ||||||||
| New York (State of) Dormitory Authority (School Districts
Financing Program); |
5.75% | 10/01/2018 | 2,500 | 2,702,325 | ||||||||
| Series 2011 A, RB |
5.00% | 10/01/2025 | 1,195 | 1,337,623 | ||||||||
| New York (State of) Dormitory Authority (St. John’s University); Series 2012 B, RB |
5.00% | 07/01/2030 | 2,780 | 3,117,853 | ||||||||
| New York (State of) Dormitory Authority (St. Joseph’s College); Series 2010, RB |
5.25% | 07/01/2035 | 1,500 | 1,575,300 | ||||||||
| New York (State of) Dormitory Authority (State University
Educational Facilities); |
5.25% | 05/15/2019 | 2,405 | 2,542,831 | ||||||||
| New York (State of) Dormitory Authority (State University of New York); Series 2013 A, RB |
5.00% | 07/01/2029 | 2,815 | 3,147,367 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade New York Municipals
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York–(continued) |
||||||||||||||||
| New York (State of) Dormitory Authority (The New
School); |
5.50% | 07/01/2020 | $ | 2,755 | $ | 3,122,820 | ||||||||||
| Series 2011, Ref. RB |
5.00% | 07/01/2031 | 1,750 | 1,905,925 | ||||||||||||
| New York (State of) Dormitory Authority (Touro College and
University System); |
5.50% | 01/01/2044 | 2,130 | 2,272,177 | ||||||||||||
| New York (State of) Dormitory Authority; |
5.00% | 10/01/2019 | 465 | 511,649 | ||||||||||||
| Series 2009 C, School Districts Bond Financing Program RB (INS-AGC) (d) |
5.00% | 10/01/2024 | 35 | 37,908 | ||||||||||||
| Series 2010 E, General Purpose Personal Income Tax RB |
5.00% | 02/15/2040 | 500 | 541,450 | ||||||||||||
| Series 2014 C, Personal Income Tax RB (f) |
5.00% | 03/15/2041 | 6,000 | 6,619,140 | ||||||||||||
| New York (State of) Power Authority; Series 2011 A, RB |
5.00% | 11/15/2038 | 1,770 | 1,971,638 | ||||||||||||
| New York (State of) Thruway Authority (Transportation); Series 2009 A, Personal Income Tax RB |
5.00% | 03/15/2025 | 410 | 441,853 | ||||||||||||
| New York (State of) Thruway Authority; |
5.00% | 10/01/2018 | 1,000 | 1,070,210 | ||||||||||||
| Series 2014 J, RB |
5.00% | 01/01/2034 | 4,085 | 4,498,810 | ||||||||||||
| Series 2016 A, Jr. Lien General RB |
5.25% | 01/01/2056 | 1,000 | 1,110,410 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority; Series 2013 TE, Restructuring RB (f) |
5.00% | 12/15/2032 | 12,500 | 14,246,250 | ||||||||||||
| New York City Health & Hospital Corp.; Series 2010 A, Health System RB |
5.00% | 02/15/2030 | 2,780 | 2,988,444 | ||||||||||||
| New York Convention Center Development Corp. (Hotel Unit Fee Secured); Series 2016 B, CAB Sub. Lien RB (e) |
0.00% | 11/15/2048 | 6,730 | 1,539,286 | ||||||||||||
| New York Liberty Development Corp. (3 World Trade
Center); |
5.00% | 11/15/2044 | 2,895 | 2,942,246 | ||||||||||||
| Series 2014, Class 3, Ref. Liberty RB (h) |
7.25% | 11/15/2044 | 1,085 | 1,279,139 | ||||||||||||
| New York Liberty Development Corp. (4 World Trade Center); Series 2011, Ref. Liberty RB |
5.00% | 11/15/2031 | 2,125 | 2,356,625 | ||||||||||||
| New York Liberty Development Corp. (7 World Trade
Center); |
5.00% | 09/15/2040 | 14,445 | 16,087,541 | ||||||||||||
| Series 2012, Class 2, Ref. Liberty RB |
5.00% | 09/15/2043 | 3,215 | 3,517,435 | ||||||||||||
| New York Liberty Development Corp. (Bank of America Tower
at One Bryant Park); |
6.38% | 07/15/2049 | 2,785 | 3,050,188 | ||||||||||||
| New York Liberty Development Corp. (Goldman Sachs Headquarters); Series 2007, RB |
5.50% | 10/01/2037 | 2,145 | 2,589,980 | ||||||||||||
| New York Local Government Assistance Corp.; Series 1993 C, Ref. RB |
5.50% | 04/01/2017 | 960 | 975,072 | ||||||||||||
| New York State Environmental Facilities Corp. (2010 Master
Financing Program); |
5.00% | 10/15/2039 | 1,905 | 2,072,888 | ||||||||||||
| New York State Environmental Facilities Corp. (Municipal
Water Finance Authority); |
5.00% | 06/15/2031 | 1,570 | 1,749,781 | ||||||||||||
| New York State Urban Development Corp.; |
5.25% | 01/01/2024 | 750 | 796,718 | ||||||||||||
| Series 2008 B, Ref. Service Contract RB |
5.25% | 01/01/2025 | 2,000 | 2,123,920 | ||||||||||||
| New York Transportation Development Corp. (American Airlines, Inc.); Series 2016, Ref. Special Facilities RB (g) |
5.00% | 08/01/2031 | 2,055 | 2,088,455 | ||||||||||||
| New York Transportation Development Corp. (LaGuardia
Airport Terminal B Redevelopment); |
5.00% | 07/01/2046 | 7,000 | 7,127,470 | ||||||||||||
| Niagara Falls (City of) Public Water Authority; Series
2005, |
5.00% | 07/15/2026 | 1,000 | 1,003,390 | ||||||||||||
| Niagara Frontier Transportation Authority (Buffalo Niagara
International Airport); |
5.00% | 04/01/2028 | 1,000 | 1,093,220 | ||||||||||||
| Niagara Tobacco Asset Securitization Corp.; Series 2014, Ref. Asset Backed RB |
5.25% | 05/15/2040 | 725 | 783,899 | ||||||||||||
| North Syracuse Central School District; Series 2007, Ref. Unlimited Tax GO Bonds (INS-NATL) (d) |
5.00% | 06/15/2023 | 940 | 1,089,949 | ||||||||||||
| Oneida (County of) Industrial Development Agency (St.
Elizabeth Medical Center Facility); |
5.88% | 12/01/2029 | 475 | 475,603 | ||||||||||||
| Series 1999 B, Civic Facility RB |
6.00% | 12/01/2019 | 140 | 140,375 | ||||||||||||
| Onondaga Civic Development Corp. (Le Moyne College); Series 2010, RB |
5.38% | 07/01/2040 | 2,435 | 2,588,381 | ||||||||||||
| Onondaga Civic Development Corp. (St. Joseph’s
Hospital Health Center); Series 2014 A, |
5.13% | 07/01/2019 | 2,250 | 2,463,322 | ||||||||||||
| Otsego County Capital Resource Corp. (Hartwick College); Series 2015 A, Ref. RB |
5.00% | 10/01/2045 | 1,435 | 1,471,334 | ||||||||||||
| Rockland (County of) Tobacco Asset Securitization Corp.; Series 2005 A, First Sub. Tobacco Settlement Asset-Backed RB (e) |
0.00% | 08/15/2045 | 8,500 | 1,104,830 | ||||||||||||
| Sales Tax Asset Receivable Corp.; Series 2014 A, Ref. RB (f) |
5.00% | 10/15/2031 | 7,235 | 8,441,653 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade New York Municipals
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York–(continued) |
||||||||||||||||
| Saratoga (County of) Industrial Development Agency (Saratoga Hospital); Series 2007 B, Civic Facility RB |
5.13% | 12/01/2027 | $ | 1,000 | $ | 1,027,750 | ||||||||||
| Saratoga (County of) Water Authority; Series 2016, Ref. Water System RB |
4.00% | 09/01/2048 | 2,750 | 2,828,265 | ||||||||||||
| Suffolk (County of) Industrial Development Agency (Eastern Long Island Hospital Association); Series 2007, Civic Facility RB (h) |
5.38% | 01/01/2027 | 1,550 | 1,550,109 | ||||||||||||
| Suffolk (County of) Industrial Development Agency (Jefferson’s Ferry); Series 2006, Ref. First Mortgage Continuing Care Retirement Community RB |
5.00% | 11/01/2028 | 1,000 | 1,002,280 | ||||||||||||
| Suffolk County Economic Development Corp. (Peconic Landing at Southold, Inc.); Series 2010, Ref. RB |
6.00% | 12/01/2040 | 1,035 | 1,117,614 | ||||||||||||
| Suffolk Economic Development Corp. (Catholic Health Services); Series 2014 C, RB |
5.00% | 07/01/2032 | 1,085 | 1,167,113 | ||||||||||||
| Syracuse (City of) Industrial Development Agency (Carousel Center); Series 2016 A, Ref. PILOT RB (g) |
5.00% | 01/01/2035 | 1,000 | 1,066,880 | ||||||||||||
| Syracuse (City of); Series 2011 A, Airport Terminal Security & Access Improvement Unlimited Tax GO Bonds (g) |
5.00% | 11/01/2036 | 500 | 522,340 | ||||||||||||
| Tomkins County Development Corp. (Tompkins Cortland
Community College Foundation, Inc.); |
5.00% | 07/01/2027 | 1,000 | 1,040,340 | ||||||||||||
| Series 2013 A, RB |
5.00% | 07/01/2032 | 750 | 764,730 | ||||||||||||
| Series 2013 A, RB |
5.00% | 07/01/2038 | 2,000 | 2,014,440 | ||||||||||||
| Tompkins (County of) Industrial Development Agency (Cornell University); Series 2008 A, Civic Facility RB |
5.00% | 07/01/2037 | 750 | 823,793 | ||||||||||||
| Triborough Bridge & Tunnel Authority; |
0.00% | 11/15/2032 | 2,000 | 1,092,260 | ||||||||||||
| Series 2013 C, RB (f) |
5.00% | 11/15/2038 | 7,210 | 7,970,583 | ||||||||||||
| Troy Capital Resource Corp. (Rensselaer Polytechnic
Institute); |
5.00% | 09/01/2030 | 2,500 | 2,740,000 | ||||||||||||
| Series 2010 A, RB |
5.13% | 09/01/2040 | 985 | 1,076,536 | ||||||||||||
| TSASC, Inc.; |
5.00% | 06/01/2034 | 2,270 | 2,165,784 | ||||||||||||
| Series 2006 1, Tobacco Settlement Asset-Backed RB |
5.13% | 06/01/2042 | 1,970 | 1,830,150 | ||||||||||||
| United Nations Development Corp.; |
5.00% | 07/01/2025 | 1,000 | 1,077,730 | ||||||||||||
| Series 2009 A, Ref. RB |
5.00% | 07/01/2026 | 815 | 877,062 | ||||||||||||
| Westchester Tobacco Asset Securitization Corp.; Series 2005, Tobacco Settlement Asset-Backed RB |
5.13% | 06/01/2045 | 2,235 | 2,117,841 | ||||||||||||
| Yonkers Economic Development Corp. (Charter School of
Educational Excellence); |
6.25% | 10/15/2040 | 1,200 | 1,242,768 | ||||||||||||
| 443,123,878 | ||||||||||||||||
| Guam–5.21% |
||||||||||||||||
| Guam (Territory of) (Section 30); |
5.00% | 12/01/2033 | 2,000 | 2,191,200 | ||||||||||||
| Series 2009 A, Limited Obligation RB (b)(c) |
5.63% | 12/01/2019 | 860 | 965,032 | ||||||||||||
| Series 2009 A, Limited Obligation RB (b)(c) |
5.75% | 12/01/2019 | 500 | 562,895 | ||||||||||||
| Guam (Territory of) International Airport
Authority; |
6.25% | 10/01/2034 | 1,500 | 1,735,950 | ||||||||||||
| Series 2013 C, General RB (INS-AGM) (d)(g) |
6.00% | 10/01/2034 | 950 | 1,068,646 | ||||||||||||
| Guam (Territory of) Power Authority; |
5.50% | 10/01/2040 | 1,020 | 1,089,564 | ||||||||||||
| Series 2012 A, Ref. RB |
5.00% | 10/01/2034 | 1,370 | 1,425,416 | ||||||||||||
| Guam (Territory of) Waterworks Authority; |
5.63% | 07/01/2040 | 3,500 | 3,698,905 | ||||||||||||
| Guam (Territory of); |
5.13% | 01/01/2042 | 435 | 454,049 | ||||||||||||
| Series 2011 A, Business Privilege Tax RB |
5.25% | 01/01/2036 | 1,125 | 1,183,286 | ||||||||||||
| 14,374,943 | ||||||||||||||||
| Virgin Islands–1.66% |
||||||||||||||||
| Virgin Islands (Government of) Port Authority; Series 2014 B, Ref. Marine RB |
5.00% | 09/01/2044 | 785 | 846,332 | ||||||||||||
| Virgin Islands (Government of) Public Finance Authority (Matching Fund Loan Note - Diageo); Series 2009 A, Sub. RB |
6.63% | 10/01/2029 | 1,880 | 1,895,284 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade New York Municipals
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Virgin Islands–(continued) |
||||||||||||||||
| Virgin Islands (Government of) Public Finance Authority
(Matching Fund Loan Note); |
5.00% | 10/01/2029 | $ | 1,950 | $ | 1,840,332 | ||||||||||
| 4,581,948 | ||||||||||||||||
| TOTAL INVESTMENTS(i)–167.31% (Cost $440,967,025) |
462,080,769 | |||||||||||||||
| FLOATING RATE NOTE OBLIGATIONS–(37.20)% |
(102,735,000) | |||||||||||||||
| VARIABLE RATE MUNI TERM PREFERRED SHARES–(32.73)% |
(90,384,502) | |||||||||||||||
| OTHER ASSETS LESS LIABILITIES–2.62% |
7,225,787 | |||||||||||||||
| NET ASSETS APPLICABLE TO COMMON SHARES–100.00% |
$ | 276,187,054 | ||||||||||||||
Investment Abbreviations:
| ACA | —ACA Financial Guaranty Corp. | NATL | —National Public Finance Guarantee Corp. | |||||
| AGC | —Assured Guaranty Corp. | PILOT | —Payment-in-Lieu-of-Tax | |||||
| AGM | —Assured Guaranty Municipal Corp. | RB | —Revenue Bonds | |||||
| AMBAC | —American Municipal Bond Assurance Corp. | Ref. | —Refunding | |||||
| BHAC | —Berkshire Hathaway Assurance Corp. | Sec. | —Secured | |||||
| CAB | —Capital Appreciation Bonds | SGI | —Syncora Guarantee, Inc. | |||||
| GO | —General Obligation | Sr. | —Senior | |||||
| INS | —Insurer | Sub. | —Subordinated | |||||
| Jr. | —Junior |
Notes to Schedule of Investments:
| (a) | Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage. |
| (b) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (e) | Zero coupon bond issued at a discount. |
| (f) | Underlying security related to TOB Trusts entered into by the Trust. See Note 1D. |
| (g) | Security subject to the alternative minimum tax. |
| (h) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2016 was $9,816,258, which represented 3.55% of the Trust’s Net Assets. |
| (i) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligation but may be called upon to satisfy issuers obligations. No concentration of any single entity was greater than 5% each. |
| (j) | Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2016. At November 30, 2016, the Trust’s investments with a value of $164,687,154 are held by TOB Trusts and serve as collateral for the $102,735,000 in the floating rate note obligations outstanding at that date. |
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade New York Municipals
Notes to Quarterly Schedule of Portfolio Holdings
November 30, 2016
(Unaudited)
NOTE 1 — Significant Accounting Policies
| A. | Security Valuations – Securities, including restricted securities, are valued according to the following policy. |
Securities are fair valued using an evaluated quote provided by an independent pricing service approved by the Board of Trustees. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate (for unlisted equities), yield (for debt obligations), quality, type of issue, coupon rate (for debt obligations), maturity (for debt obligations), individual trading characteristics and other market data. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of default with respect to interest and/or principal payments.
Securities for which market quotations either are not readily available or became unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Some of the factors which may be considered in determining fair value are fundamental analytical data relating to the investment; the nature and duration of any restrictions on transferability or disposition; trading in similar securities by the same issuer or comparable companies; relevant political, economic or issuer specific news; and other relevant factors under the circumstances.
The Trust may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/or liquidity of certain Trust investments.
Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
| B. | Securities Transactions and Investment Income – Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. |
The Trust may periodically participate in litigation related to Trust investments. As such, the Trust may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.
Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Trust’s net asset value and, accordingly, they reduce the Trust’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and the Statement of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Trust and the investment adviser.
| C. | Country Determination – For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted. |
| D. | Floating Rate Note Obligations – The Trust invests in inverse floating rate securities, such as Tender Option Bonds (“TOBs”), for investment purposes and to enhance the yield of the Trust. Such securities may be purchased in the secondary market without |
Invesco Trust for Investment Grade New York Municipals
| D. | Floating Rate Note Obligations – (continued) |
first owning an underlying bond but generally are created through the sale of fixed rate bonds by the Trust to special purpose trusts established by a broker dealer or by the Trust (“TOB Trusts”) in exchange for cash and residual interests in the TOB Trusts’ assets and cash flows, which are in the form of inverse floating rate securities. The TOB Trusts finance the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Trust to retain residual interests in the bonds. The floating rate notes issued by the TOB Trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the TOB Trusts for redemption at par at each reset date. The residual interests held by the Trust (inverse floating rate securities) include the right of the Trust (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the TOB Trust to the Trust, thereby collapsing the TOB Trust. Inverse floating rate securities tend to underperform the market for fixed rate bonds in a rising interest rate environment, but tend to outperform the market for fixed rate bonds when interest rates decline or remain relatively stable.
The Trust generally invests in inverse floating rate securities that include embedded leverage, thus exposing the Trust to greater risks and increased costs. The primary risks associated with inverse floating rate securities are varying degrees of liquidity and decreases in the value of such securities in response to changes in interest rates to a greater extent than fixed rate securities having similar credit quality, redemption provisions and maturity, which may cause the Trust’s net asset value to be more volatile than if it had not invested in inverse floating rate securities. In certain instances, the short-term floating rate notes created by the TOB Trust may not be able to be sold to third parties or, in the case of holders tendering (or putting) such notes for repayment of principal, may not be able to be remarketed to third parties. In such cases, the TOB Trust holding the fixed rate bonds may be collapsed with the entity that contributed the fixed rate bonds to the TOB Trust. In the case where a TOB Trust is collapsed with the Trust, the Trust will be required to repay the principal amount of the tendered securities, which may require the Trust to sell other portfolio holdings to raise cash to meet that obligation. The Trust could therefore be required to sell other portfolio holdings at a disadvantageous time or price to raise cash to meet this obligation, which risk will be heightened during times of market volatility, illiquidity or uncertainty. The embedded leverage in the TOB Trust could cause the Trust to lose more money than the value of the asset it has contributed to the TOB Trust and greater levels of leverage create the potential for greater losses. In addition, a Trust may enter into reimbursement agreements with the liquidity provider of certain TOB transactions in connection with certain residuals held by the Trust. These agreements commit a Trust to reimburse the liquidity provider to the extent that the liquidity provider must provide cash to a TOB Trust, including following the termination of a TOB Trust resulting from a mandatory tender event (“liquidity shortfall”). The reimbursement agreement will effectively make the Trust liable for the amount of the negative difference, if any, between the liquidation value of the underlying security and the purchase price of the floating rate notes issued by the TOB Trust.
The Trust accounts for the transfer of fixed rate bonds to the TOB Trusts as secured borrowings, with the securities transferred remaining in the Trust’s investment assets, and the related floating rate notes reflected as Trust liabilities under the caption Floating rate note obligations on the Statement of Assets and Liabilities. The Trust records the interest income from the fixed rate bonds under the caption Interest and records the expenses related to floating rate obligations and any administrative expenses of the TOB Trusts as a component of Interest, facilities and maintenance fees on the Statement of Operations.
Final rules implementing section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Volcker Rule”) prohibit banking entities from engaging in proprietary trading of certain instruments and limit such entities’ investments in, and relationships with, “covered funds”, as defined in the rules. These rules preclude banking entities and their affiliates from sponsoring and/or providing services for existing TOB Trusts. A new TOB structure is being utilized by the Trust wherein the Trust, as holder of the residuals, will perform certain duties previously performed by banking entities as “sponsors” of TOB Trusts. These duties may be performed by a third-party service provider. The Trust’s expanded role under the new TOB structure may increase its operational and regulatory risk. The new structure is substantially similar to the previous structure; however, pursuant to the Volcker Rule, the remarketing agent would not be able to repurchase tendered floaters for its own account upon a failed remarketing. In the event of a failed remarketing, a banking entity serving as liquidity provider may loan the necessary funds to the TOB Trust to purchase the tendered floaters. The TOB Trust, not the Trust, would be the borrower and the loan from the liquidity provider will be secured by the purchased floaters now held by the TOB Trust. However, as previously described, the Trust would bear the risk of loss with respect to any liquidity shortfall to the extent it entered into a reimbursement agreement with the liquidity provider.
There can be no assurances that the new TOB structure will continue to be a viable form of leverage. Further, there can be no assurances that alternative forms of leverage will be available to the Trust in order to maintain current levels of leverage. Any alternative forms of leverage may be less advantageous to the Trust, and may adversely affect the Trust’s net asset value, distribution rate and ability to achieve its investment objective.
TOBs are presently classified as private placement securities. Private placement securities are subject to restrictions on resale because they have not been registered under the Securities Act of 1933, as amended (the “1933 Act”), or are otherwise not readily
Invesco Trust for Investment Grade New York Municipals
| D. | Floating Rate Note Obligations – (continued) |
marketable. As a result of the absence of a public trading market for these securities, they may be less liquid than publicly traded securities. Although atypical, these securities may be resold in privately negotiated transactions, the prices realized from these sales could be less than those originally paid by the Trust or less than what may be considered the fair value of such securities.
| E. | Other Risks – The value of, payment of interest on, repayment of principal for and the ability to sell a municipal security may be affected by constitutional amendments, legislative enactments, executive orders, administrative regulations, voter initiatives and the economics of the regions in which the issuers are located. |
Since many municipal securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal securities market and the Trust’s investments in municipal securities.
There is some risk that a portion or all of the interest received from certain tax-free municipal securities could become taxable as a result of determinations by the Internal Revenue Service.
NOTE 2 — Additional Valuation Information
Generally Accepted Accounting Principles (“GAAP”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
| Level 1 | – | Prices are determined using quoted prices in an active market for identical assets. | ||||
| Level 2 | – | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. | ||||
| Level 3 | – | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Trust’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
As of November 30, 2016, all of the securities in this Trust were valued based on Level 2 inputs (see the Schedule of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
NOTE 3 — Investment Securities
The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Trust during the nine months ended November 30, 2016 was $88,669,957 and $67,279,780, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.
| Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis |
| |||
| Aggregate unrealized appreciation of investment securities |
$ | 24,713,779 | ||
| Aggregate unrealized (depreciation) of investment securities |
(4,505,477) | |||
| Net unrealized appreciation of investment securities |
$ | 20,208,302 | ||
| Cost of investments for tax purposes is $441,872,467. |
||||
Invesco Trust for Investment Grade New York Municipals
| Item 2. | Controls and Procedures. |
| (a) | As of November 21, 2016, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of November 21, 2016, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure. |
| (b) | There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
| Item 3. | Exhibits. |
Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant: Invesco Trust for Investment Grade New York Municipals
| By: |
/s/ Sheri Morris | |
| Sheri Morris | ||
| Principal Executive Officer | ||
| Date: |
January 27, 2017 | |
Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| By: |
/s/ Sheri Morris | |
| Sheri Morris | ||
| Principal Executive Officer | ||
| Date: |
January 27, 2017 | |
| By: |
/s/ Kelli K. Gallegos | |
| Kelli K. Gallegos | ||
| Principal Financial Officer | ||
| Date: |
January 27, 2017 | |
EXHIBIT INDEX
Certifications of Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended.