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.
Fund Family Invesco
Category Muni California Long
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol OCACX
Share Class Class C
Index Index is not available on Lipper Database
OCACX had a total return of -4.81% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.14%.
