About OMFYX
The Invesco AMT-Free Municipal Income Fund is a municipal bond mutual fund designed to provide investors with federally tax-exempt income by investing primarily in investment-grade municipal securities. It targets bonds whose interest payments are not subject to regular federal individual income tax or the federal alternative minimum tax, making it particularly attractive to investors seeking tax-efficient income solutions. The fund's strategy emphasizes rigorous credit analysis, with an experienced management team conducting detailed, forward-looking credit research for each holding. This approach allows the fund to identify relative value opportunities across the diverse $4 trillion U.S. municipal market, spanning sectors such as state and local government obligations, hospitals, utilities, airports, and water and sewer systems.
With a portfolio that typically holds hundreds of different securities (over 600 as of recent disclosures), the fund is diversified across geographic regions and project types, although concentration in certain states or sectors can occur. The fund distributes income monthly and strives to deliver competitive, risk-aware yields. Its active management style enables it to navigate changing market conditions and seek consistent, strong risk-adjusted performance, as reflected in high ratings within its peer group over the long term.
Fund Family Invesco
Category Muni National Long
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol OMFYX
Share Class Class Y
Index S&P Municipal Bond 5+ Yrs Investment Grade TR USD
OMFYX had a total return of -1.89% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.12%.
