OCAYX Fees and Costs — Invesco California Municipal Fund, Class Y
Data updated: 2026-07-30
The net expense ratio is 0.97%: a 0.40% management fee plus 0.57% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 31%.
OCAYX Fees and Expenses
Annual operating expenses and sales charges of OCAYX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| 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 |
OCAYX Costs Over Time
On $10,000 invested in OCAYX, assuming 5% a year before costs, total costs come to $607 over 5 years, cutting the return by 1.02% 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 0.97%) | $102 | $318 | $551 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $334 | $607 |
| Value after costs | $10,398 | $11,243 | $12,156 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
OCAYX 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): $2.3B
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
OCAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $335.3M | 17.74% |
| MORGAN STANLEY & CO. LLC | $261.7M | 13.85% |
| LOOP CAPITAL MARKETS LLC | $239.8M | 12.69% |
| FMSBONDS, INC. | $219.5M | 11.61% |
| WELLS FARGO SECURITIES, LLC | $197.0M | 10.42% |
| J.P. MORGAN SECURITIES LLC | $158.6M | 8.39% |
| PERSHING LLC | $134.2M | 7.10% |
| BARCLAYS CAPITAL INC. | $131.6M | 6.96% |
| GOLDMAN, SACHS & CO. | $107.9M | 5.71% |
| RBC CAPITAL MARKETS, LLC | $104.2M | 5.52% |
Invesco 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 |
|---|---|---|---|
| IORCX | Class R6 | 0.91% | none |
| OCAYX | Class Y | 0.97% | none |
| OPCAX | Class A | 1.22% | 4.25% |
| OCACX | Class C | 1.97% | 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.