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Fixed Income | US Fixed Income

Invesco Environmental Focus Municipal Fund

Class A

Class A

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  • Class C
  • Class R6
  • Class Y
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  • Invesco NASDAQ 100 Index Fund
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  • Invesco Oppenheimer Global Strategic Income Fund
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  • Invesco Oppenheimer SteelPath MLP Select 40 Fund
  • Invesco Pacific Growth Fund
  • Invesco Peak Retirement 2015 Fund
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  • Invesco Pennsylvania Municipal Fund
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  • Invesco Rochester AMT-Free New York Municipal Fund
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  • Invesco Senior Floating Rate Fund
  • Invesco Senior Floating Rate Plus Fund
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  • Invesco Short Duration High Yield Municipal Fund
  • Invesco Short Duration Inflation Protected Fund
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  • Invesco SteelPath MLP Alpha Fund
  • Invesco SteelPath MLP Alpha Plus Fund
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  • Invesco Technology Fund
  • Invesco U.S. Managed Volatility Fund
  • Invesco Value Opportunities Fund
  • Invesco World Bond Factor Fund

Objective & Strategy

The Fund seeks to provide a high level of current income exempt from federal income tax, consistent with preservation of capital.

as of 09/30/2020

Morningstar Rating

Overall Rating - Muni National Long Category

As 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.

Morningstar details

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

as of 09/30/2020

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.

as of 09/30/2020 09/30/2020

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
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

Effective Sept. 4, 2020, the Fund's strategy changed to incorporate an environmental criteria, therefore results prior to Sept. 4, 2020, reflect the performance of the Fund's prior strategy.

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.

as of 09/30/2020 09/30/2020

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
This information is updated per the most recent prospectus.

Historical Prices

 
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Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
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as of 09/30/2020

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.

as of 09/30/2020

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

as of 09/30/2020

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.