Invesco AMT-Free Municipal Income Fund Class R6 (IORAX)
| Fund Assets | 2.13B |
| Expense Ratio | 0.57% |
| Min. Investment | $1,000,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 4.36% |
| Dividend Growth | 1.44% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 6.48 |
| YTD Return | -4.25% |
| 1-Year Return | -2.59% |
| 5-Year Return | -0.57% |
| 52-Week Low | 6.44 |
| 52-Week High | 7.03 |
| Beta (5Y) | n/a |
| Holdings | 580 |
| Inception Date | May 24, 2019 |
About IORAX
Invesco AMT-Free Municipal Income Fund Class R6 is an open-end mutual fund specializing in municipal bonds. Its primary purpose is to provide investors with income exempt from federal income tax and the federal alternative minimum tax (AMT), making it particularly relevant to those seeking tax-advantaged income. The fund predominantly invests in a diversified portfolio of investment-grade municipal securities issued by U.S. state and local governments, typically focusing on sectors such as general obligation, hospitals, utilities, education, and infrastructure. With a multi-billion dollar asset base, the fund follows an actively managed strategy, employing rigorous credit analysis and risk management to select its holdings, which typically number in the hundreds. The Class R6 shares are designed for institutional investors, offering a lower expense ratio and no sales charge. Regular monthly dividends enhance its appeal to income-focused investors, while its risk-aware approach aims to maintain stability across varying market environments. As part of Invesco’s broader suite of municipal fixed-income products, this fund plays a significant role in providing access to the tax-exempt bond market for large-scale investors.
Performance
IORAX had a total return of -2.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.51%.
Top 10 Holdings
8.89% of assets| Name | Symbol | Weight |
|---|---|---|
| California (State of) County Tobacco Securitization Agency, Series 2006 B, RB | n/a | 1.06% |
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB | DC.DCTTRN 4 07.15.2045 | 1.05% |
| Illinois (State of) Toll Highway Authority, Series 2020 A, RB | n/a | 0.99% |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2016, RB | n/a | 0.92% |
| Illinois (State of) Regional Transportation Authority, Series 2018 B, RB | n/a | 0.87% |
| Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB | OH.BUCGEN 5 06.01.2055 | 0.87% |
| Inland Empire Tobacco Securitization Corp., Series 2007 F, RB | n/a | 0.85% |
| Texas (State of) Water Development Board (Master Trust), Series 2022, RB | TX.TXSWTR 5 10.15.2047 | 0.77% |
| Birmingham (City of), AL Water Works Board (The), Series 2016 B, Ref. RB | AL.BIRWTR 5 01.01.2043 | 0.77% |
| Salt River Project Agricultural Improvement & Power District, Series 2023 B, RB | AZ.SALAGR 5.25 01.01.2053 | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.0236 | Jun 30, 2025 |
| May 30, 2025 | $0.023 | May 30, 2025 |
| Apr 30, 2025 | $0.0236 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0236 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0236 | Feb 28, 2025 |
| Jan 31, 2025 | $0.0236 | Jan 31, 2025 |