Morningstar

Invesco AMT-Free Municipal Income Fund Class R6 IORAX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 6.73  /  −0.15 %
  • Total Assets 1.9B
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.760%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 4.29%
  • Effective Duration 9.24 years

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 12:11 AM GMT+0

Morningstar’s Analysis IORAX

Will IORAX 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 IORAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the IORAX 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 IORAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Invesco AMT-Free Municipal Inc R6 holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings IORAX

More IORAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.25 24M
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 2.84%

1.06 20M
municipal

HILLSBOROUGH CNTY FLA INDL DEV AUTH HEALTH SYS REV 2.95%

1.05 20M
municipal

REGIONAL TRANSN AUTH ILL 4%

0.99 19M
municipal

INLAND EMPIRE TOBACCO SECURIZATION AUTH CALIF TOB 0%

0.92 17M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.89 17M
municipal

INDIANAPOLIS IND LOC PUB IMPT BD BK 5.25%

0.88 17M
municipal

BIRMINGHAM ALA WTRWKS BRD WTR REV 5%

0.86 16M
municipal

MIAMI-DADE CNTY FLA WTR & SWR REV 4%

0.85 16M
municipal

BROWARD CNTY FLA TOURIST DEV TAX REV 4%

0.83 16M
municipal

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