Invesco Rochester® Municipal Opportunities Fund Class R5 (IORHX)
| Fund Assets | 9.14B |
| Expense Ratio | 1.05% |
| Min. Investment | $1,000,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 5.89% |
| Dividend Growth | 1.88% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 6.33 |
| YTD Return | -5.92% |
| 1-Year Return | -3.74% |
| 5-Year Return | 2.58% |
| 52-Week Low | 6.31 |
| 52-Week High | 7.03 |
| Beta (5Y) | n/a |
| Holdings | 1563 |
| Inception Date | May 24, 2019 |
About IORHX
The Invesco Rochester Municipal Opportunities Fund R5 is a mutual fund specializing in the municipal bond market, with a primary aim to generate **tax-free income** for investors. The fund invests across a wide spectrum of **municipal securities**, including both high-yield (below-investment-grade) and investment-grade bonds. Notably, the fund often allocates a significant portion—typically between 50% and 70%—to below-investment-grade or non-rated municipal bonds at the time of purchase, seeking to enhance yield through this exposure to higher-risk sectors. Managed by an experienced credit research team, the fund employs a diversified portfolio encompassing more than 1,500 holdings from approximately 800 issuers. This diversity is intended to mitigate the risks associated with high-yield investments, while extensive in-house analysis helps capture opportunities and inefficiencies in the municipal bond market. The income produced by the fund’s holdings is generally **exempt from federal personal income taxes**. With a long track record dating back to the early 1990s and consistent monthly distributions, the fund is positioned for long-term investors seeking competitive, tax-advantaged yield from the municipal sector. Its role in the financial market centers on providing access to a segment of the municipal bond market that many individual investors may find difficult to reach independently, especially non-rated and high-yield opportunities.
Performance
IORHX had a total return of -3.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.47%.
Top 10 Holdings
11.22% of assets| Name | Symbol | Weight |
|---|---|---|
| Usd Currency Cash | n/a | 2.08% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.73% |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0% | CA.CASGEN 0 06.01.2050 | 1.24% |
| CHILDRENS TR FD P R TOB SETTLEMENT REV 5.625% | PR.CHIGEN 5.62 05.15.2043 | 1.19% |
| PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.25% | SC.PEGUTL 10.01.2054 | 1.18% |
| DISTRICT COLUMBIA TOB SETTLEMENT FING CORP 0% | DC.DISGEN 0 06.15.2055 | 0.96% |
| FLORIDA DEV FIN CORP REV 5.25% | FL.FLSDEV 5.25 07.01.2047 | 0.81% |
| MTA HUDSON RAIL YARDS TR OBLIGS REV 5% | NY.MTAGEN 5 11.15.2051 | 0.69% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 0.68% |
| PUERTO RICO COMWLTH 4% | PR.PRC 4 07.01.2041 | 0.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.031 | Jun 30, 2025 |
| May 30, 2025 | $0.0304 | May 30, 2025 |
| Apr 30, 2025 | $0.0309 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0312 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0311 | Feb 28, 2025 |
| Jan 31, 2025 | $0.0312 | Jan 31, 2025 |