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Morningstar

Invesco AMT-Free Municipal C OMFCX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 6.77  /  0.45 %
  • Total Assets 2.4 Bil
  • Adj. Expense Ratio
    1.510%
  • Expense Ratio 1.560%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.71%
  • Effective Duration 9.07 years

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:29 PM GMT+0

Morningstar’s Analysis OMFCX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Invesco AMT-Free Municipal C's Average People Pillar and Process Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative. 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
Rated on Published on

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Portfolio Holdings OMFCX

More OMFCX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 677
  • Other Holdings 3
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 4%

1.07
25,195,668
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.07
25,122,659
municipal

ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5%

0.97
22,688,875
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

0.92
21,678,720
municipal

JEFFERSON CNTY ALA SWR REV 0%

0.89
20,808,702
municipal

JEFFERSON CNTY ALA SWR REV 0%

0.88
20,606,160
municipal

TEXAS WTR DEV BRD REV 5%

0.78
18,201,932
municipal

BIRMINGHAM ALA WTRWKS BRD WTR REV 5%

0.76
17,751,636
municipal

MIAMI-DADE CNTY FLA WTR & SWR REV 4%

0.75
17,494,962
municipal

INLAND EMPIRE TOBACCO SECURIZATION AUTH CALIF TOB 0%

0.73
17,036,555
municipal