Objective & Strategy
The Fund seeks to provide a high level of current income exempt from federal income tax, consistent with preservation of capital.
Morningstar Rating ™
Overall Rating - Muni National Long CategoryAs of 09/30/2020 the Fund had an overall rating of N/A stars out of 146 funds and was rated N/A stars out of 146 funds, N/A stars out of 132 funds and N/A stars out of 106 funds for the 3-, 5- and 10- year periods, respectively.
Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2020 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.
Management team
Top Fixed-Income Holdings | View all
| Holding Name | Coupon % | Bond Maturity Date | % of Total Assets |
|---|---|---|---|
| Commonwealth of Massachusetts Transportation Fund Revenue | 5.000 | 06/01/2047 | 2.15 |
| Indiana Finance Authority | 5.000 | 10/01/2048 | 2.14 |
| Central Puget Sound Regional Transit Authority | 5.000 | 11/01/2046 | 2.13 |
| Washington Health Care Facilities Authority | 5.000 | 08/15/2035 | 2.12 |
| St Louis Land Clearance for Redevelopment Authority | 5.000 | 04/01/2048 | 1.81 |
| Dallas Area Rapid Transit | 5.000 | 12/01/2045 | 1.76 |
| Hudson Yards Infrastructure Corp | 5.000 | 02/15/2045 | 1.72 |
| Public Finance Authority | 5.000 | 07/01/2058 | 1.67 |
| Austin Community College District Public Facility Corp | 5.000 | 08/01/2042 | 1.65 |
| New Jersey Educational Facilities Authority | 5.000 | 07/01/2045 | 1.62 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Average Annual Returns (%)
| Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
|---|---|---|---|---|---|---|---|---|
| NAV | 11/07/2006 | N/A | 4.32 | 1.90 | 2.04 | 5.10 | 4.20 | 4.89 |
| Load | 11/07/2006 | 4.25 | 3.99 | -2.45 | -2.29 | 3.58 | 3.30 | 4.43 |
| NAV | 11/07/2006 | N/A | 4.32 | 1.90 | 2.04 | 5.10 | 4.20 | 4.89 |
| Load | 11/07/2006 | 4.25 | 3.99 | -2.45 | -2.29 | 3.58 | 3.30 | 4.43 |
Effective Sept. 4, 2020, the Fund's name changed from Invesco Oppenheimer Municipal Fund to Invesco Environmental Focus Municipal Fund; its objective changed to provide investors with a high level of current income exempt from federal income tax, consistent with preservation of capital versus tax-free income; and its strategy changed to incorporate an environmental criteria. Results prior to Sept. 4, 2020, reflect the performance of the Fund's prior strategy.
Annualized Benchmark Returns
| Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
|---|---|---|---|---|---|---|
| S&P Municipal Bond 5+ Year Investment Grade Index | -0.02 | 1.27 | 4.30 | 4.68 | 4.37 | 4.67 |
| S&P Municipal Bond Index | 0.02 | 1.18 | 3.85 | 4.13 | 3.80 | 4.04 |
| S&P Municipal Bond 5+ Year Investment Grade Index | -0.02 | 1.27 | 4.30 | 4.68 | 4.37 | 4.67 |
| S&P Municipal Bond Index | 0.02 | 1.18 | 3.85 | 4.13 | 3.80 | 4.04 |
Source: RIMES Technologies Corp.
Source: RIMES Technologies Corp.
An investment cannot be made directly in an index.
Expense Ratio per Prospectus
| Management Fee | 0.39 |
| 12b-1 Fee | 0.25 |
| Other Expenses | 0.23 |
| Interest/Dividend Exp | 0.06 |
| Total Other Expenses | 0.29 |
| Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) | 0.00 |
| Total Annual Fund Operating Expenses | 0.93 |
| Contractual Waivers/Reimbursements | -0.17 |
| Net Expenses - PER PROSPECTUS | 0.76 |
| Additional Waivers/Reimbursements | 0.00 |
| Net Expenses - With Additional Fee Reduction | 0.76 |
Historical Prices
| Date | Net Asset Value ($) | Public Offering Price ($) |
|---|---|---|
| {{histTableData.rateDate | date : 'MM/dd/yyyy'}} | {{histTableData.netAssetValue | numberValue}} | {{histTableData.offeringPrice | numberValue}} |
Distributions
| Capital Gains | Reinvestment Price ($) |
|||
|---|---|---|---|---|
| Ex-Date | Income | Short Term | Long Term | |
| {{distribution.rateDate | date : 'MM/dd/yyyy'}} | {{distribution.dividendFactor | numberValue:4:'N/A'}} | {{distribution.capGainsFactorShort | numberValue:4:'N/A'}} | {{distribution.capGainsFactorLong | numberValue:4:'N/A'}} | {{distribution.reinvestmentPrice | numberValue:3:'N/A'}} |
Quality Breakdown
| Holdings | % of Total Net Assets |
|---|---|
| AAA | 7.11 |
| AA | 38.86 |
| A | 18.23 |
| BBB | 15.29 |
| BB | 2.86 |
| B | 1.61 |
| CCC | 0.61 |
| NR | 12.04 |
Ratings are based on S&P, Moody's or Fitch, as applicable. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. NR indicates the debtor was not rated, and should not be interpreted as indicating low quality. If securities are rated differently by the rating agencies, the higher rating is applied. Credit ratings are based largely on the rating agency's investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. For more information on the rating methodology, please visit the following NRSRO websites: www.standardandpoors.com and select 'Understanding Ratings' under Rating Resources on the homepage; www.moodys.com and select 'Rating Methodologies' under Research and Ratings on the homepage; www.fitchratings.com and select 'Ratings Definitions' on the homepage.
Fund Characteristics
| 3-Year Alpha | -0.03% |
| 3-Year Beta | 1.15 |
| 3-Year R-Squared | 0.88 |
| 3-Year Sharpe Ratio | 0.66 |
| 3-Year Standard Deviation | 5.41 |
| Number of Securities | 143 |
| Total Assets | $144,652,766.00 |
Source: RIMES Technologies Corp.,StyleADVISOR
Benchmark: S&P Municipal Bond 5+ Year Investment Grade Index
Top Fixed-Income Holdings | View all
| Holding Name | Coupon % | Bond Maturity Date | % of Total Assets |
|---|---|---|---|
| Commonwealth of Massachusetts Transportation Fund Revenue | 5.000 | 06/01/2047 | 2.15 |
| Indiana Finance Authority | 5.000 | 10/01/2048 | 2.14 |
| Central Puget Sound Regional Transit Authority | 5.000 | 11/01/2046 | 2.13 |
| Washington Health Care Facilities Authority | 5.000 | 08/15/2035 | 2.12 |
| St Louis Land Clearance for Redevelopment Authority | 5.000 | 04/01/2048 | 1.81 |
| Dallas Area Rapid Transit | 5.000 | 12/01/2045 | 1.76 |
| Hudson Yards Infrastructure Corp | 5.000 | 02/15/2045 | 1.72 |
| Public Finance Authority | 5.000 | 07/01/2058 | 1.67 |
| Austin Community College District Public Facility Corp | 5.000 | 08/01/2042 | 1.65 |
| New Jersey Educational Facilities Authority | 5.000 | 07/01/2045 | 1.62 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
United States
Canada (English)
United Kingdom
Isle of Man
Jersey
Guernsey
Australia
China
Hong Kong
Japan
Taiwan
Europe
Dubai