Invesco Pennsylvania Municipal Fund (OPATX)

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Invesco Pennsylvania Municipal Fund (OPATX) is up 1.4% since the beginning of the year. OPATX is currently trading at $10 per share. Investors who bought $1,000 worth of OPATX shares 5 years ago would now be looking at an investment worth $1,034.

Invesco Pennsylvania Municipal Fund (OPATX) has returned 1.36% so far this year and 5.83% over the past 12 months. Over the last ten years, OPATX has returned 3.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Sep 18, 1989, OPATX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.

Historically, 67% of months were positive and 33% were negative. The best month was Sep 2009 with a return of +12.3%, while the worst month was Oct 2008 at -14.2%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 6 months.

On a daily basis, OPATX closed higher 39% of trading days. The best single day was Oct 22, 2008 with a return of +3.4%, while the worst single day was Oct 10, 2008 at -4.5%.

Invesco Pennsylvania Municipal Fund has an annualized alpha of 5.08%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 18, 1989.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.68%) than losses (5.46%) - typical of diversified or defensive assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

OPATX has an expense ratio of 0.89%, placing it in the medium range.

OPATX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Invesco Pennsylvania Municipal Fund provided a 2.90% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco Pennsylvania Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Pennsylvania Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Pennsylvania Municipal Fund was 38.22%, occurring on Dec 15, 2008. Recovery took 349 trading sessions.

The chart below shows the rolling one-month volatility.