Invesco Oppenheimer Municipal Fund
- IOMUX
- Price as of: Feb 26, 2021
-
$13.57
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Invesco
- Share Class
IOMUX - Snapshot
Vitals
- YTD Return -1.3%
- 3 Yr Annualized Return 6.8%
- 5 Yr Annualized Return 4.8%
- Net Assets $149 M
- Holdings in Top 10 17.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.63%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 14.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni National Long
IOMUX - Profile
Distributions
- YTD Total Return -1.3%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.00%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco Environmental Focus Municipal Fund
-
Fund Family NameInvesco
-
Inception DateMay 24, 2019
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMark Paris
Fund Description
Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual income tax. The Adviser seeks to focus the fund’s investments in municipal securities issued by issuers involved in projects or technologies with high potential positive environmental impact as determined by the Adviser using its proprietary evaluation system in areas.
IOMUX - Performance
Return Ranking - Trailing
Period | IOMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.3% | -3.3% | 1.4% | 65.66% |
1 Yr | 4.7% | -1.0% | 9.5% | 6.84% |
3 Yr | 6.8%* | 0.0% | 10.2% | 3.48% |
5 Yr | 4.8%* | -0.4% | 8.0% | 5.10% |
10 Yr | 6.3%* | -0.1% | 10.8% | 7.91% |
* Annualized
Return Ranking - Calendar
Period | IOMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.2% | -2.8% | 310.0% | 28.32% |
2019 | N/A | -0.3% | 15.4% | N/A |
2018 | N/A | -10.3% | 97.2% | N/A |
2017 | N/A | -100.0% | 7.6% | N/A |
2016 | N/A | -7.9% | 96.8% | N/A |
Total Return Ranking - Trailing
Period | IOMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.3% | -3.3% | 1.4% | 65.66% |
1 Yr | 4.7% | -5.1% | 9.5% | 6.09% |
3 Yr | 6.8%* | -2.0% | 10.2% | 3.24% |
5 Yr | 4.8%* | -1.6% | 8.0% | 4.80% |
10 Yr | 6.3%* | -0.1% | 10.8% | 7.84% |
* Annualized
Total Return Ranking - Calendar
Period | IOMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.2% | -2.8% | 310.0% | 28.32% |
2019 | N/A | -0.3% | 15.4% | N/A |
2018 | N/A | -10.3% | 11.0% | N/A |
2017 | N/A | -100.0% | 7.6% | N/A |
2016 | N/A | -7.9% | 3.0% | N/A |
NAV & Total Return History
IOMUX - Holdings
Concentration Analysis
IOMUX | Category Low | Category High | IOMUX % Rank | |
---|---|---|---|---|
Net Assets | 149 M | 100 | 83.2 B | 77.79% |
Number of Holdings | 142 | 3 | 11152 | 72.70% |
Net Assets in Top 10 | 25.4 M | -192 M | 4.18 B | 80.20% |
Weighting of Top 10 | 17.15% | 2.5% | 100.0% | 51.97% |
Top 10 Holdings
- MASSACHUSETTS ST TRANSN FD REV 5% 2.17%
- INDIANA ST FIN AUTH WASTEWATER UTIL REV 5% 2.17%
- CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES TAX & MOTOR VEHICLE EXCISE TA 2.15%
- WASHINGTON ST HEALTH CARE FACS AUTH REV 5% 2.14%
- SALT VERDE FINL CORP SR GAS REV ARIZ 5% 1.91%
- ST LOUIS MO LD CLEARANCE REDEV AUTH ANNUAL APPROPRIATION REDEV REV 5% 1.81%
- DALLAS TEX AREA RAPID TRAN SALES TAX REV 5% 1.75%
- HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5% 1.74%
- LONG IS PWR AUTH N Y ELEC SYS REV 5% 1.73%
- PUBLIC FIN AUTH WIS STUDENT HSG REV 5% 1.65%
Asset Allocation
Weighting | Return Low | Return High | IOMUX % Rank | |
---|---|---|---|---|
Bonds | 96.97% | 66.96% | 147.73% | 67.54% |
Cash | 3.03% | -47.72% | 33.04% | 31.34% |
Stocks | 0.00% | 0.00% | 2.07% | 64.92% |
Preferred Stocks | 0.00% | -0.95% | 1.06% | 63.65% |
Other | 0.00% | -13.58% | 13.72% | 65.19% |
Convertible Bonds | 0.00% | -0.42% | 1.32% | 63.94% |
Bond Sector Breakdown
Weighting | Return Low | Return High | IOMUX % Rank | |
---|---|---|---|---|
Municipal | 96.97% | 46.63% | 100.00% | 66.67% |
Cash & Equivalents | 3.03% | 0.00% | 33.04% | 31.74% |
Derivative | 0.00% | 0.00% | 0.85% | 63.88% |
Securitized | 0.00% | 0.00% | 6.51% | 64.51% |
Corporate | 0.00% | 0.00% | 15.75% | 69.97% |
Government | 0.00% | 0.00% | 50.01% | 67.29% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | IOMUX % Rank | |
---|---|---|---|---|
US | 96.97% | 66.25% | 141.36% | 46.42% |
Non US | 0.00% | 0.00% | 26.53% | 91.47% |
IOMUX - Expenses
Operational Fees
IOMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.63% | 0.01% | 16.95% | 66.80% |
Management Fee | 0.39% | 0.00% | 1.10% | 34.05% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
IOMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
IOMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
IOMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 14.00% | 0.00% | 299.40% | 29.09% |
IOMUX - Distributions
Dividend Yield Analysis
IOMUX | Category Low | Category High | IOMUX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.71% | 66.19% |
Dividend Distribution Analysis
IOMUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
IOMUX | Category Low | Category High | IOMUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.00% | -1.65% | 6.48% | 16.21% |
Capital Gain Distribution Analysis
IOMUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Jul 23, 2019 | $0.001 |
Jun 25, 2019 | $0.043 |
May 29, 2019 | $0.001 |
IOMUX - Fund Manager Analysis
Managers
Mark Paris
Start Date
Tenure
Tenure Rank
Jun 21, 2019
1.62
1.6%
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.
Eddie Bernhardt
Start Date
Tenure
Tenure Rank
Sep 04, 2020
0.41
0.4%
Eddie Bernhardt serves as head of Invesco Managed Accounts. He is responsible for the portfolio management of the Tax-Free, Tax-Aware, Taxable and Impact investment strategies. Prior to joining IFI, Eddie traded taxable and municipal bonds at Wells Fargo Securities, and also constructed high net worth fixed income portfolios for the firm’s Private Client Services group. Additionally, he was a portfolio manager with a regional banker’s bank for credit unions. Eddie holds a B.A. from the University of California at Santa Cruz. He is also a CFA charterholder and is a member of the CFA Society of Portland.
Tim Benzel
Start Date
Tenure
Tenure Rank
Sep 04, 2020
0.41
0.4%
Tim Benzel serves as Senior Portfolio Manager of Invesco Managed Accounts and is responsible for the portfolio management of the Tax Free, Tax-Aware, Taxable, Credit and Impact investment strategies. Prior to joining IFI, Tim was an assistant fixed income portfolio manager at Neuberger Berman Private Asset Management, where his responsibilities included credit analysis and trading. Tim holds a B.S. from Linfield College. He is also a CFA charterholder and is a member of the CFA Society of Seattle.
Galen True
Start Date
Tenure
Tenure Rank
Sep 04, 2020
0.41
0.4%
Galen True, Portfolio Manager, who has been associated with Invesco and/or its affiliates since 2019. From 2017 to 2019, he was associated with OppenheimerFunds, a global asset management firm. Prior to joining OppenheimerFunds, he was employed by SNW Asset Management from 2009 to 2017, where he served as Portfolio Manager.
Julius Williams
Start Date
Tenure
Tenure Rank
Sep 04, 2020
0.41
0.4%
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
Sep 04, 2020
0.41
0.4%
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."
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.03 | 35.86 | 7.0 | 0.25 |