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Morningstar

Invesco AMT-Free Municipal A OPTAX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 6.92  /  +0.17 %
  • Total Assets 2.5 Bil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.930%
  • 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 3.74%
  • Effective Duration 8.23 years

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

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.

Invesco AMT-Free Municipal A's Average People Pillar and Process 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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings OPTAX

More OPTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 4%

1.02 24.6 Mil
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.01 24.5 Mil
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0%

0.96 23.2 Mil
municipal

ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5%

0.92 22.3 Mil
municipal

INLAND EMPIRE TOBACCO SECURIZATION AUTH CALIF TOB 0%

0.86 20.9 Mil
municipal

TEXAS WTR DEV BRD REV 5%

0.72 17.4 Mil
municipal

BIRMINGHAM ALA WTRWKS BRD WTR REV 5%

0.70 16.8 Mil
municipal

MIAMI-DADE CNTY FLA WTR & SWR REV 4%

0.69 16.7 Mil
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5.25%

0.69 16.6 Mil
municipal

BROWARD CNTY FLA TOURIST DEV TAX REV 4%

0.67 16.3 Mil
municipal