Invesco California Municipal Fund Class A (OPCAX)
| Fund Assets | 2.09B |
| Expense Ratio | 1.14% |
| Min. Investment | $1,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 4.02% |
| Dividend Growth | 2.55% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 7.49 |
| YTD Return | -5.86% |
| 1-Year Return | -4.26% |
| 5-Year Return | -3.22% |
| 52-Week Low | 7.47 |
| 52-Week High | 8.26 |
| Beta (5Y) | 0.33 |
| Holdings | 703 |
| Inception Date | Nov 3, 1988 |
About OPCAX
The Invesco California Municipal Fund is an actively managed municipal bond mutual fund designed to deliver tax-free income by investing primarily in investment-grade municipal securities issued within California. Its primary objective is to provide current income that is exempt from both federal and California personal income taxes, appealing particularly to California residents seeking tax-efficient investment options. The fund ordinarily allocates at least 80% of its assets to California municipal bonds, supporting essential public projects like infrastructure, airports, transportation, healthcare, and education facilities. With a broad portfolio—over 700 individual securities—and an emphasis on rigorous credit research, the fund seeks to balance income generation with preservation of capital. As of its latest reporting, the fund manages assets in excess of $2 billion and distributes income monthly. Its focus exposes investors to the unique economic and fiscal dynamics of California, making it more sensitive to state-specific risks and events compared to nationally diversified municipal funds. The fund’s role in the market is to provide an avenue for investors to access reliable, tax-exempt income streams while contributing capital to the state’s municipal development projects.
Performance
OPCAX had a total return of -4.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.53%.
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 | $0.0267 | Jun 30, 2025 |
| May 30, 2025 | $0.0261 | May 30, 2025 |
| Apr 30, 2025 | $0.0267 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0267 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0267 | Feb 28, 2025 |
| Jan 31, 2025 | $0.026 | Jan 31, 2025 |