Invesco Rochester® AMT-Free New York Municipal Fund Class R6 (IORNX)
| Fund Assets | 601.03M |
| Expense Ratio | 0.76% |
| Min. Investment | $1,000,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 4.91% |
| Dividend Growth | 5.68% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.74 |
| YTD Return | -5.63% |
| 1-Year Return | -4.85% |
| 5-Year Return | -2.41% |
| 52-Week Low | 9.65 |
| 52-Week High | 10.77 |
| Beta (5Y) | n/a |
| Holdings | 300 |
| Inception Date | May 24, 2019 |
About IORNX
Invesco Rochester AMT-Free New York Municipal Fund Class R6 is a municipal bond mutual fund focused on providing tax-exempt income, specifically targeting residents of New York. The fund primarily invests in investment-grade municipal securities whose interest payments are exempt from federal, New York State, and New York City personal income taxes, with careful management to avoid exposure to the federal alternative minimum tax. The portfolio typically features a mix of high-quality and select high-yield municipal bonds, drawing from issuers such as state agencies, public utilities, and various municipal projects across New York. This approach aims to offer investors stable, monthly tax-free distributions, enhancing its appeal to those seeking income with favorable tax treatment. The fund is actively managed, leveraging deep credit research to identify compelling relative value within the New York municipal bond market. As a Class R6 share, it is structured for institutional investors and eligible retirement plans, offering a streamlined fee schedule. This fund plays a significant role in the marketplace by helping investors manage income tax liabilities while supporting the financing of public infrastructure and services in New York State.
Performance
IORNX had a total return of -4.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.27%.
Top 10 Holdings
25.41% of assets| Name | Symbol | Weight |
|---|---|---|
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 A, RB | n/a | 5.57% |
| New York (State of) Thruway Authority (Bidding Group 1) (Green Bonds), Series 2022 C, RB | n/a | 2.89% |
| Metropolitan Transportation Authority, Series 2016 C-1, RB | NY.MTATRN 5.25 11.15.2056 | 2.76% |
| MTA Hudson Rail Yards Trust Obligations, Series 2016 A, RB | NY.MTAGEN 5 11.15.2056 | 2.73% |
| New York (City of), NY, Series 2020 AA-1, Ref. RB | NY.NYCUTL 4 06.15.2050 | 2.55% |
| New York (State of) Utility Debt Securitization Authority, Series 2017, RB | n/a | 2.12% |
| New York Counties Tobacco Trust V, Series 2005 S-1, RB | NY.NYSGEN 0 06.01.2038 | 1.79% |
| New York (City of), NY, Series 2024 C-1, GO Bonds | NY.NYC 5.25 09.01.2046 | 1.71% |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, RB | NY.TRITRN 5.25 05.15.2057 | 1.67% |
| New York (State of) Thruway Authority, Series 2016 A, RB | n/a | 1.63% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.0401 | Jun 30, 2025 |
| May 30, 2025 | $0.0392 | May 30, 2025 |
| Apr 30, 2025 | $0.0403 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0403 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0403 | Feb 28, 2025 |
| Jan 31, 2025 | $0.0403 | Jan 31, 2025 |