Invesco California Municipal Fund Class C (OCACX)
| Fund Assets | 2.09B |
| Expense Ratio | 1.89% |
| Min. Investment | $1,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 3.38% |
| Dividend Growth | 2.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 7.46 |
| YTD Return | -6.00% |
| 1-Year Return | -4.90% |
| 5-Year Return | -6.30% |
| 52-Week Low | 7.43 |
| 52-Week High | 8.22 |
| Beta (5Y) | n/a |
| Holdings | 703 |
| Inception Date | Nov 1, 1995 |
About OCACX
Invesco California Municipal Fund Class C is an actively managed mutual fund focused on generating tax-exempt income by investing primarily in municipal bonds issued within the state of California. Its core objective is to provide investors with income that is exempt from both federal and California state income taxes, making it particularly relevant for California residents seeking tax-efficient income solutions. The fund primarily holds investment-grade municipal bonds, though it may also invest a portion in securities considered to be below investment grade depending on market opportunities. With a diversified portfolio comprising over 700 holdings, the fund spans various sectors essential to the state’s infrastructure, including transportation, healthcare, and public utilities, as seen in its top allocations such as airport and health facility revenue bonds. Managed by a team with extensive experience in municipal credit research, the fund emphasizes rigorous analysis and risk management to identify relative value opportunities across California’s municipal market. While it employs a long-duration strategy, making it more sensitive to interest rate changes, its role in the broader market is as a specialized vehicle for tax-aware investors, particularly those subject to California taxation, looking for a consistent source of tax-exempt income and diversified municipal bond exposure.
Performance
OCACX had a total return of -4.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.18%.
Top 10 Holdings
12.40% of assets| Name | Symbol | Weight |
|---|---|---|
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2049 | 2.25% |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0% | CA.CASGEN 0 06.01.2055 | 1.53% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2055 | 1.36% |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0% | CA.CASGEN 0 06.01.2055 | 1.29% |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5% | CA.SDGAPT 5 07.01.2056 | 1.12% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 11.15.2046 | 1.02% |
| LOS ANGELES CALIF DEPT WTR & PWR REV 5% | CA.LOSUTL 5 07.01.2047 | 0.99% |
| UNIVERSITY CALIF REVS 5% | CA.UNVHGR 5 05.15.2048 | 0.97% |
| Usd Currency Cash | n/a | 0.95% |
| CALIFORNIA MUN FIN AUTH SPL FAC REV 4% | CA.CASFIN 4 07.15.2029 | 0.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.0218 | Jun 30, 2025 |
| May 30, 2025 | $0.0211 | May 30, 2025 |
| Apr 30, 2025 | $0.0215 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0216 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0215 | Feb 28, 2025 |
| Jan 31, 2025 | $0.0208 | Jan 31, 2025 |