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Morningstar

Invesco California Municipal A OPCAX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 7.98  /  0.16 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.840%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.64%
  • Effective Duration 11.01 years

USD | NAV as of Jun 09, 2023 | 1-Day Return as of Jun 09, 2023, 10:18 PM GMT+0

Morningstar’s Analysis OPCAX

Will OPCAX 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 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.

Invesco California Municipal A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings OPCAX

More OPCAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 744
  • Other Holdings 13
  • % 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%

1.65
32,606,978
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.55
30,552,957
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

1.37
26,996,509
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

1.29
25,498,082
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.21
23,778,307
municipal

LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5%

0.99
19,553,646
municipal

CALIFORNIA ST PUB WKS BRD LEASE REV 4%

0.98
19,311,839
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 6%

0.96
18,988,859
municipal

CALIFORNIA MUN FIN AUTH REV 5%

0.96
18,858,548
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

0.88
17,312,583
municipal