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Morningstar

Invesco AMT-Free Municipal A OPTAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.00  /  0.03 %
  • Total Assets 2.4 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.800%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.51%
  • Effective Duration 9.07 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis OPTAX

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

People Pillar

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

Summary

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Invesco AMT-Free Municipal A's Average People Pillar and Process Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. 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.

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