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Morningstar

Invesco California Municipal Y OCAYX

Morningstar Analyst Rating
Quantitative rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 7.99  /  0.14 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.590%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.80%
  • Effective Duration 11.01 years

USD | NAV as of Mar 22, 2023 | 1-Day Return as of Mar 22, 2023, 10:28 PM GMT+0

Morningstar’s Analysis OCAYX

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

People Pillar

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

Summary

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Invesco California Municipal Y's Average People Pillar and Process Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings OCAYX

More OCAYX Holdings
  • Current Portfolio Date Jan 31, 2023
  • Equity Holdings 0
  • Bond Holdings 735
  • Other Holdings 5
  • % Assets in Top 10 Holdings 11.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

1.67
32,828,449
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.54
30,272,246
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.35
26,490,600
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

1.31
25,824,320
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.24
24,448,335
municipal

LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5%

1.02
19,943,561
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 6%

0.97
19,035,764
municipal

CALIFORNIA MUN FIN AUTH REV 5%

0.96
18,859,104
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

0.89
17,494,169
municipal

MOUNTAIN HSE FING AUTH CALIF UTIL SYS REV 4%

0.87
17,016,265
municipal