Invesco Rochester Municipal Opportunities Fund Class A (ORNAX)

Overview

The fund is designed with a focus on providing investors with income that is, according to the counsel to the issuer, exempt from federal individual and, where applicable, state income tax. By committing to invest at least 80% of its net assets (plus any borrowings for investment purposes) into tax-exempt securities, the fund seeks to maximize tax-efficiency for its investors. This commitment also extends to the investment in municipal securities particular to New York, reflecting a dual focus on both tax efficiency and geographical allocation.

Products and Services

• Tax-Exempt Income Securities: The fund focuses on securities the income from which is considered exempt from federal individual income tax, as well as, where applicable, the fund's state income tax. This serves as a key attraction for investors seeking tax-efficient investment options.

• New York Municipal Securities: Emphasizing its investment on New York municipal securities, the fund dedicates at least 80% of its net assets to such investments. This geographical focus is aimed at investors who are particularly interested in contributing to and benefiting from New York's economic and fiscal health, while also enjoying the tax exemptions these securities offer.

• Derivatives and Similar Instruments: In order to enhance its portfolio and manage risk more effectively, the fund invests in derivatives and other instruments that possess economic characteristics similar to New York municipal securities. This approach allows the fund to potentially improve returns, hedge against market volatility, and maintain a stable focus on tax-efficient investments.