Invesco Rochester New York Municipals Fund Class A

Frequently Asked Questions About RMUNX

What does RMUNX invest in?

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual and, as applicable, the fund's state income tax. It invests mainly in New York municipal securities that pay interest that, in the opinion of counsel to the issuer of each security, is exempt from federal and New York personal income taxes. The fund can invest up to 25% of its total assets in below-investment-grade securities (commonly called "junk bonds").

What is the expense ratio of RMUNX?

Invesco Rochester New York Municipals Fund Class A (RMUNX) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is RMUNX's dividend yield?

RMUNX's trailing-twelve-month yield is 5.10%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RMUNX?

Effective duration measures RMUNX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RMUNX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RMUNX?

RMUNX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of RMUNX?

Yield to maturity (YTM) is the total return you'd earn from RMUNX if every bond in the portfolio is held to maturity at the current price. RMUNX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.