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Morningstar

Invesco California Municipal C OCACX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 8.09  /  +0.02 %
  • Total Assets 2.2 Bil
  • Adj. Expense Ratio
    1.520%
  • Expense Ratio 1.930%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.05%
  • Effective Duration 9.01 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis OCACX

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

  • People Pillar

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

Invesco California Municipal C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings OCACX

More OCACX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

2.32 50.2 Mil
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.50 32.3 Mil
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.39 30.2 Mil
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

1.16 25.1 Mil
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5%

1.05 22.7 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.05 22.7 Mil
municipal

SAN DIEGO CALIF UNI SCH DIST 4%

1.01 21.8 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.01 21.7 Mil
municipal

CALIFORNIA ST PUB WKS BRD LEASE REV 4%

0.90 19.4 Mil
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 6%

0.88 19.0 Mil
municipal