About ONYCX
Invesco Rochester AMT-Free New York Municipal Fund Class C is a mutual fund specializing in municipal bonds, with a focus on securities issued by entities within New York State. Its primary purpose is to provide investors with income that is exempt from both federal and New York State personal income taxes, making it especially attractive to residents seeking tax-efficient fixed income solutions. The fund predominantly invests in long-duration municipal debt instruments, targeting portfolios with durations greater than six years or average maturities exceeding twelve years. This strategy positions the fund as a source of stable, tax-advantaged income, particularly appealing to investors concerned with after-tax yield. Managed actively since its inception in 1995, the fund pools assets across a diverse range of New York municipal issuers, including state authorities, local governments, and other public entities financing infrastructure, education, and essential services. As of the latest data, it maintains a substantial asset base and is structured for accessibility, typically with a minimum investment requirement. The fund plays a significant role in facilitating capital for public projects in New York, while offering investors efficient access to the municipal bond market with specific state tax benefits.
Fund Family Invesco
Category Muni New York Long
Performance Rating Below Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol ONYCX
Share Class Class C
Index S&P Municipal Bond 5+ Yrs Investment Grade TR USD
ONYCX had a total return of -4.13% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.14%.
