Invesco AMT-Free Municipal Income Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.7%
1 yr return
12.6%
3 Yr Avg Return
0.0%
5 Yr Avg Return
2.1%
Net Assets
$2.44 B
Holdings in Top 10
9.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IORAX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 2.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.73%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco AMT-Free Municipal Income Fund
-
Fund Family NameInvesco
-
Inception DateMay 24, 2019
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Paris
Fund Description
IORAX - Performance
Return Ranking - Trailing
Period | IORAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -0.3% | 12.6% | 90.29% |
1 Yr | 12.6% | 2.9% | 22.5% | 81.07% |
3 Yr | 0.0%* | -7.9% | 3.2% | 33.33% |
5 Yr | 2.1%* | -4.8% | 3.9% | 11.73% |
10 Yr | N/A* | -0.1% | 156.0% | 6.25% |
* Annualized
Return Ranking - Calendar
Period | IORAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -6.2% | 7.5% | 38.35% |
2022 | -14.6% | -26.9% | -3.5% | 18.72% |
2021 | 0.8% | -1.9% | 5.6% | 81.50% |
2020 | 3.4% | -10.1% | 4.2% | 5.05% |
2019 | N/A | -0.7% | 9.1% | N/A |
Total Return Ranking - Trailing
Period | IORAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -0.3% | 12.6% | 90.29% |
1 Yr | 12.6% | 2.9% | 22.5% | 81.07% |
3 Yr | 0.0%* | -7.9% | 3.2% | 33.33% |
5 Yr | 2.1%* | -4.8% | 3.9% | 11.73% |
10 Yr | N/A* | -0.1% | 156.0% | 5.63% |
* Annualized
Total Return Ranking - Calendar
Period | IORAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.8% | -4.1% | 10.9% | 33.50% |
2022 | -11.1% | -26.9% | 4.3% | 17.24% |
2021 | 4.9% | -1.9% | 10.0% | 63.50% |
2020 | 7.9% | -4.1% | 8.2% | 1.01% |
2019 | N/A | -0.7% | 1028633.9% | N/A |
NAV & Total Return History
IORAX - Holdings
Concentration Analysis
IORAX | Category Low | Category High | IORAX % Rank | |
---|---|---|---|---|
Net Assets | 2.44 B | 9.79 K | 16.6 B | 33.33% |
Number of Holdings | 645 | 1 | 3325 | 35.47% |
Net Assets in Top 10 | 220 M | -102 M | 3.51 B | 41.38% |
Weighting of Top 10 | 9.09% | 4.6% | 98.8% | 89.11% |
Top 10 Holdings
- Los Angeles (City of), CA Department of Water Power, Series 2022, RB 1.13%
- Washington (State of) Metropolitan Area Transit Authority, Series 2020 A, RB 1.02%
- Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB 1.01%
- California (State of) County Tobacco Securitization Agency, Series 2006 B, RB 0.96%
- Illinois (State of) Toll Highway Authority, Series 2020 A, RB 0.92%
- Inland Empire Tobacco Securitization Corp., Series 2007 F, RB 0.86%
- Massachusetts (Commonwealth of), Series 2016 I, GO Bonds 0.85%
- Wisconsin (State of) Health Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2016, RB 0.81%
- Illinois (State of) Regional Transportation Authority, Series 2018 B, RB 0.80%
- Texas (State of) Water Development Board (Master Trust), Series 2022, RB 0.72%
Asset Allocation
Weighting | Return Low | Return High | IORAX % Rank | |
---|---|---|---|---|
Bonds | 102.43% | 0.00% | 146.69% | 14.56% |
Stocks | 0.00% | 0.00% | 99.62% | 39.81% |
Preferred Stocks | 0.00% | -47.61% | 1.60% | 24.14% |
Other | 0.00% | -5.59% | 5.07% | 31.03% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 18.23% |
Cash | 0.00% | -0.64% | 100.00% | 80.30% |
Bond Sector Breakdown
Weighting | Return Low | Return High | IORAX % Rank | |
---|---|---|---|---|
Municipal | 97.12% | 0.00% | 100.00% | 67.49% |
Derivative | 0.00% | -7.53% | 2.16% | 23.15% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 55.67% |
Securitized | 0.00% | 0.00% | 22.44% | 23.65% |
Corporate | 0.00% | 0.00% | 2.83% | 57.14% |
Government | 0.00% | 0.00% | 0.09% | 22.66% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | IORAX % Rank | |
---|---|---|---|---|
US | 102.43% | 0.00% | 139.84% | 14.78% |
Non US | 0.00% | 0.00% | 13.35% | 26.11% |
IORAX - Expenses
Operational Fees
IORAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.62% | 0.22% | 3.44% | 86.34% |
Management Fee | 0.39% | 0.00% | 1.41% | 13.11% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.35% | N/A |
Sales Fees
IORAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
IORAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
IORAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 121.00% | 10.41% |
IORAX - Distributions
Dividend Yield Analysis
IORAX | Category Low | Category High | IORAX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.03% | 0.00% | 6.13% | 47.09% |
Dividend Distribution Analysis
IORAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
IORAX | Category Low | Category High | IORAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.73% | 1.11% | 5.70% | 73.30% |
Capital Gain Distribution Analysis
IORAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Aug 30, 2024 | $0.024 | OrdinaryDividend |
Jul 31, 2024 | $0.024 | OrdinaryDividend |
Apr 30, 2024 | $0.024 | OrdinaryDividend |
Mar 28, 2024 | $0.024 | OrdinaryDividend |
Feb 29, 2024 | $0.024 | OrdinaryDividend |
Jan 31, 2024 | $0.024 | OrdinaryDividend |
Dec 29, 2023 | $0.023 | OrdinaryDividend |
Nov 30, 2023 | $0.023 | OrdinaryDividend |
Oct 31, 2023 | $0.023 | OrdinaryDividend |
Sep 29, 2023 | $0.023 | OrdinaryDividend |
Aug 31, 2023 | $0.023 | OrdinaryDividend |
Jul 31, 2023 | $0.023 | OrdinaryDividend |
Jun 30, 2023 | $0.023 | OrdinaryDividend |
May 31, 2023 | $0.023 | OrdinaryDividend |
Apr 28, 2023 | $0.022 | OrdinaryDividend |
Mar 31, 2023 | $0.022 | OrdinaryDividend |
Feb 28, 2023 | $0.022 | OrdinaryDividend |
Jan 31, 2023 | $0.022 | OrdinaryDividend |
Dec 30, 2022 | $0.022 | OrdinaryDividend |
Nov 30, 2022 | $0.021 | OrdinaryDividend |
Oct 31, 2022 | $0.021 | OrdinaryDividend |
Sep 30, 2022 | $0.022 | OrdinaryDividend |
Aug 31, 2022 | $0.021 | OrdinaryDividend |
Jul 29, 2022 | $0.022 | OrdinaryDividend |
Jun 30, 2022 | $0.022 | OrdinaryDividend |
May 31, 2022 | $0.022 | OrdinaryDividend |
Apr 29, 2022 | $0.022 | OrdinaryDividend |
Mar 31, 2022 | $0.022 | OrdinaryDividend |
Feb 28, 2022 | $0.022 | OrdinaryDividend |
Jan 31, 2022 | $0.023 | OrdinaryDividend |
Dec 31, 2021 | $0.023 | OrdinaryDividend |
Nov 30, 2021 | $0.023 | OrdinaryDividend |
Oct 29, 2021 | $0.023 | OrdinaryDividend |
Sep 30, 2021 | $0.025 | OrdinaryDividend |
Aug 31, 2021 | $0.025 | OrdinaryDividend |
Jul 30, 2021 | $0.025 | OrdinaryDividend |
Jun 30, 2021 | $0.025 | OrdinaryDividend |
May 28, 2021 | $0.025 | OrdinaryDividend |
Apr 30, 2021 | $0.025 | OrdinaryDividend |
Mar 31, 2021 | $0.025 | OrdinaryDividend |
Feb 26, 2021 | $0.025 | OrdinaryDividend |
Jan 29, 2021 | $0.027 | OrdinaryDividend |
Dec 31, 2020 | $0.023 | OrdinaryDividend |
Nov 24, 2020 | $0.025 | OrdinaryDividend |
Oct 27, 2020 | $0.025 | OrdinaryDividend |
Sep 22, 2020 | $0.025 | OrdinaryDividend |
Aug 25, 2020 | $0.025 | OrdinaryDividend |
Jul 28, 2020 | $0.025 | OrdinaryDividend |
Jun 23, 2020 | $0.025 | OrdinaryDividend |
May 26, 2020 | $0.048 | OrdinaryDividend |
Apr 21, 2020 | $0.026 | OrdinaryDividend |
Mar 24, 2020 | $0.025 | OrdinaryDividend |
Feb 25, 2020 | $0.025 | OrdinaryDividend |
Jan 28, 2020 | $0.030 | OrdinaryDividend |
Dec 31, 2019 | $0.000 | OrdinaryDividend |
Nov 26, 2019 | $0.000 | OrdinaryDividend |
Oct 22, 2019 | $0.000 | OrdinaryDividend |
Sep 24, 2019 | $0.000 | OrdinaryDividend |
Aug 27, 2019 | $0.000 | OrdinaryDividend |
Jul 23, 2019 | $0.000 | OrdinaryDividend |
IORAX - Fund Manager Analysis
Managers
Mark Paris
Start Date
Tenure
Tenure Rank
Jun 21, 2019
2.95
3.0%
Mark Paris is Chief Investment Officer and Head of Municipal Strategies for Invesco Fixed Income. In this capacity, he is responsible for the oversight and implementationof all municipal bond strategies. Mr. Paris entered the financial industry in 1990 and joined Invesco in 2010 when the firm combined with Van Kampen investments. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the muncipal fixed income team at Morgan Stanley/Van Kampen, which he joing in 2002. He also was previously a trader and portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank, and a trader and underwriter at NatWest Bank. Mr. Paris earned a BBA in finance from Baruch College of the City University of New York.
Elizabeth Mossow
Start Date
Tenure
Tenure Rank
Nov 22, 2019
2.52
2.5%
Mrs. Mossow has been a Senior Portfolio Manager of OppenheimerFunds, Inc since January 2017 and a Vice President of OppenheimerFunds, Inc since January 2016. She was a Portfolio Manager of OppenheimerFunds, Inc from January 2016 to January 2017. Mrs. Mossow has been an Assistant Vice President of Oppenheimer since January 2011 and an Associate Portfolio Manager of the firm since June 2013. She was a Portfolio Research Analyst of the Sub-Adviser from June 2011 to June 2013 and was a Credit Analyst of the Sub-Adviser from May 2007 to May 2011. She was a Risk Management Analyst at Manning & Napier Associates from September 2006 to May 2007 and was an Analyst/Trading Assistant at The Baupost Group from August 2000 to March 2006. Mrs. Mossow is a portfolio manager and a trader for the Fund and other Oppenheimer funds.
Julius Williams
Start Date
Tenure
Tenure Rank
Nov 22, 2019
2.52
2.5%
Julius Williams is a Senior Portfolio Manager for Invesco municipal strategies. Mr. Williams entered the industry in 2000. Prior to joining Invesco, he was a portfolio manager and trader for municipal funds at Van Kampen. He joined Invesco in 2010 when the firm combined with Van Kampen. Mr. Williams earned a BA degree in economics and sociology, and a Master of Education degree in educational psychology from the University of Virginia.
Tim O'Reilly
Start Date
Tenure
Tenure Rank
Nov 22, 2019
2.52
2.5%
Mr. O'Reilly joined Invesco in 2010 when the firm combined with Van Kampen, where he served as a senior unit trust fixed income portfolio manager, with responsibilities that included fixed income trading, risk management and credit analysis. He has a diverse knowledge base, with trading experience in municipals, corporates and equities. He joined Van Kampen in 2001. Mr. O'Reilly earned a BS degree in finance from Eastern Illinois University and an MBA in finance from the University of Illinois at Chicago. He holds the Series 7, 63 and 79 registrations."
Joshua Cooney
Start Date
Tenure
Tenure Rank
Nov 22, 2019
2.52
2.5%
Joshua Cooney has been associated with Invesco and/or its affiliates since 1999.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 21.43 | 7.5 | 2.52 |