Morningstar

Invesco California Municipal Fund Class A OPCAX

Morningstar Medalist Rating
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Medalist Rating as of See Invesco Investment Hub
  • NAV / 1-Day Return $7.41  /  +0.14 %
  • Fund Size $1.9B
  • Adjusted Expense Ratio 0.750%
  • Net Expense Ratio 1.220%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category Muni California Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 4.52%
  • Average Effective Duration 10.93 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis OPCAX

Will OPCAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable OPCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the OPCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of OPCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Invesco California Municipal A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings OPCAX

More OPCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

2.24 47M
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.59 33M
municipal

UNIVERSITY CALIF REVS 3.05%

1.44 30M
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.42 30M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.22 25M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.15 24M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.09 23M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.97 20M
municipal

CALIFORNIA MUN FIN AUTH SPL FAC REV 4%

0.96 20M
municipal

CALIFORNIA MUN FIN AUTH REV 5%

0.88 18M
municipal

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