Franklin Intelligent Machines ETF (IQM)

The Invesco Quality Municipal Securities Trust, previously known as the Morgan Stanley Quality Municipal Securities Trust, is a type of exchange-traded closed-end fund, or closed-end ETF, that is considered to be a diversified, closed-end management investment company. The main investment objective of the Invesco Quality Municipal Securities Trust is to provide a source of current income that is exempt from federal income tax.

To achieve its investment goal, the Trust primarily invests in municipal obligations, which can include municipal bonds, municipal notes, and municipal commercial paper. Additionally, it invests in a varied portfolio of investment grade tax-exempt municipal securities.