About IORLX
Invesco Limited Term California Municipal Fund R6 is an open-end municipal bond fund focused on generating federally tax‑exempt income by investing primarily in investment‑grade California municipal securities with a shorter‑to‑intermediate maturity profile. The strategy emphasizes limited duration to help manage interest‑rate sensitivity while targeting consistent tax‑advantaged income streams for investors subject to California and federal income taxes. The portfolio spans essential public finance sectors, including transportation infrastructure, airports, water and power utilities, education, and health care, reflecting diversified exposure to the state’s revenue and general obligation issuers. Benchmarked to the S&P Municipal California Investment Grade 4–7 Years Bond Index, the fund seeks risk‑aware participation in California’s muni market through disciplined credit research and duration positioning. The R6 share class is designed for institutional and retirement plans and carries a relatively low net expense ratio within its peer group, supporting cost‑efficient access to the single‑state, short‑intermediate municipal category. Investors should note potential risks unique to municipal markets, including credit, interest‑rate, liquidity, and tax status considerations.
Fund Family Invesco
Category Muni Single State Short
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol IORLX
Share Class Class R6
Index S&P Municipal Bond 2-17 Years Invest Grade TR USD
IORLX had a total return of -1.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.62%.
