Invesco Rochester Municipal Opportunities Fund (ORNAX)
Under normal market conditions, and as a fundamental policy, 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 and, as applicable, the fund's state income tax. It invests in municipal securities issued by the governments of states, their political subdivisions and the District of Columbia, U.S. territories, commonwealths and possessions or by their agencies, instrumentalities and authorities.
Fund Info
US00141W5058
00141W505
Sep 30, 1993
$1,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Rochester Municipal Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Rochester Municipal Opportunities Fund had a return of 4.47% year-to-date (YTD) and 10.34% in the last 12 months. Over the past 10 years, Invesco Rochester Municipal Opportunities Fund had an annualized return of 5.07%, while the S&P 500 had an annualized return of 11.16%, indicating that Invesco Rochester Municipal Opportunities Fund did not perform as well as the benchmark.
ORNAX
4.47%
0.29%
4.16%
10.34%
2.19%
5.07%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of ORNAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.30% | 0.29% | 0.29% | -1.31% | 0.45% | 2.37% | 0.73% | 0.73% | 1.59% | -1.43% | 4.47% | ||
| 2023 | 4.77% | -3.02% | 2.21% | 0.57% | -0.45% | 1.01% | -0.01% | -1.77% | -4.06% | -2.52% | 9.05% | 3.28% | 8.65% |
| 2022 | -3.09% | -0.68% | -4.15% | -4.08% | 2.19% | -3.91% | 4.57% | -3.50% | -5.94% | -2.50% | 7.55% | -0.75% | -14.17% |
| 2021 | 1.89% | -1.12% | 0.99% | 1.36% | 1.35% | 0.84% | 0.96% | -0.49% | -0.86% | -0.15% | 1.59% | 0.22% | 6.72% |
| 2020 | 2.63% | 2.57% | -10.73% | -3.01% | 4.53% | 3.91% | 2.35% | -0.01% | -0.27% | -0.14% | 3.12% | 1.74% | 5.85% |
| 2019 | 0.39% | 1.90% | 2.82% | 1.04% | 2.08% | 0.75% | 0.88% | 2.67% | -0.40% | -0.02% | 0.36% | 0.73% | 13.94% |
| 2018 | 0.16% | 0.43% | 2.44% | 1.69% | 1.53% | 1.51% | 0.14% | 2.18% | -0.57% | -1.66% | 0.24% | 0.79% | 9.16% |
| 2017 | 1.38% | 2.08% | 3.32% | 0.75% | 1.44% | -0.61% | 0.04% | 0.32% | -0.92% | -1.35% | -0.99% | 1.32% | 6.88% |
| 2016 | 0.56% | 0.84% | 1.41% | 0.97% | 1.25% | 3.20% | 0.67% | 0.50% | 0.78% | -0.98% | -4.74% | 0.65% | 5.04% |
| 2015 | 2.23% | -0.98% | -0.29% | -0.16% | 0.84% | -2.57% | 0.57% | 0.42% | 1.89% | 1.43% | 0.42% | 0.99% | 4.80% |
| 2014 | 3.56% | 2.96% | 0.65% | 1.33% | 2.69% | -1.06% | 0.19% | 2.83% | 0.31% | 0.54% | 1.14% | 0.72% | 16.93% |
| 2013 | 1.63% | 0.24% | 0.11% | 1.47% | -0.17% | -6.59% | -2.90% | -3.95% | 3.27% | 1.24% | -0.37% | -0.33% | -6.58% |
Expense Ratio
ORNAX features an expense ratio of 0.72%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ORNAX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Rochester Municipal Opportunities Fund (ORNAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Rochester Municipal Opportunities Fund provided a 5.20% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.35 | $0.32 | $0.35 | $0.38 | $0.34 | $0.35 | $0.40 | $0.45 | $0.47 | $0.54 | $0.53 |
Dividend yield | 5.20% | 5.06% | 4.81% | 4.25% | 4.81% | 4.24% | 4.80% | 5.78% | 6.56% | 6.67% | 7.51% | 8.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Rochester Municipal Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.30 | |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.04 | $0.04 | $0.54 |
| 2013 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.53 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Rochester Municipal Opportunities 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 Rochester Municipal Opportunities Fund was 55.48%, occurring on Dec 17, 2008. Recovery took 1497 trading sessions.
The current Invesco Rochester Municipal Opportunities Fund drawdown is 2.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.48% | May 3, 2007 | 410 | Dec 17, 2008 | 1497 | Dec 1, 2014 | 1907 |
| -20.57% | Jan 4, 2022 | 204 | Oct 25, 2022 | — | — | — |
| -18.34% | Mar 2, 2020 | 15 | Mar 20, 2020 | 188 | Dec 16, 2020 | 203 |
| -11.58% | Aug 15, 2002 | 151 | Mar 21, 2003 | 43 | May 22, 2003 | 194 |
| -8.18% | Sep 6, 1994 | 55 | Nov 21, 1994 | 54 | Feb 3, 1995 | 109 |
Volatility
Volatility Chart
The current Invesco Rochester Municipal Opportunities Fund volatility is 1.85%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.