IORLX Fees and Costs — Invesco Limited Term California Municipal Fund, Class R6
Data updated: 2026-07-30
The net expense ratio is 0.48%: a 0.41% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 40%.
IORLX Fees and Expenses
Annual operating expenses and sales charges of IORLX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
IORLX Costs Over Time
On $10,000 invested in IORLX, assuming 5% a year before costs, total costs come to $303 over 5 years, cutting the return by 0.50% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.48%) | $50 | $158 | $276 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $50 | $166 | $303 |
| Value after costs | $10,450 | $11,410 | $12,459 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
IORLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $931.3M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
IORLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $204.7M | 26.03% |
| JEFFERIES LLC | $109.5M | 13.92% |
| RBC CAPITAL MARKETS, LLC | $82.5M | 10.49% |
| WELLS FARGO SECURITIES, LLC | $78.8M | 10.02% |
| GOLDMAN, SACHS & CO. | $76.0M | 9.66% |
| BARCLAYS CAPITAL INC. | $56.5M | 7.18% |
| NATIONAL FINANCIAL SERVICES LLC | $56.0M | 7.12% |
| LOOP CAPITAL MARKETS LLC | $50.8M | 6.46% |
| U.S. BANCORP INVESTMENTS, INC. | $39.6M | 5.04% |
| UBS FINANCIAL SERVICES INC. | $32.1M | 4.08% |
Invesco Limited Term California Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IORLX | Class R6 | 0.48% | none |
| OLCYX | Class Y | 0.54% | none |
| OLCAX | Class A | 0.79% | 2.50% |
| OLCCX | Class C | 1.54% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.