OCAYX Performance — Invesco California Municipal Fund, Class Y
Data updated: 2026-07-30
OCAYX returned +2.26% year to date and +7.97% over one year to May 2026. Annualised returns are +4.11% over 3 years and +0.83% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $113, against $112 for the category, and to $108 over one year, against $107. Volatility over the past three years was 7.34% a year. In the 12 months to May 2026 the fund lost a net $45.8M, and assets reached $2.11B.
OCAYX Growth of $100
What $100 invested in Invesco California Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | OCAYX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $113 | $112 |
| 5 years (Jun 2021 – May 2026) | $104 | $103 |
| Since data start (Sep 2019 – May 2026) | $113 | $109 |
OCAYX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.26% |
| 1 year | +7.97% |
| 3 years (annualised) | +4.11% |
| 5 years (annualised) | +0.83% |
OCAYX Annual Returns
Calendar-year total returns of Invesco California Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.26% |
| 2025 | +2.16% |
| 2024 | +2.73% |
| 2023 | +7.72% |
| 2022 | −11.23% |
| 2021 | +3.70% |
| 2020 | +6.39% |
| 2019 (Sep–Dec) | +0.15% |
OCAYX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +1.8% | −2.4% | +1.7% | +0.8% | — | — | — | — | — | — | — |
| 2025 | 0.0% | +1.1% | −2.2% | −1.2% | −0.9% | +0.4% | −1.3% | +0.9% | +4.0% | +1.4% | +0.4% | −0.1% |
| 2024 | +0.1% | +0.1% | +0.1% | −1.1% | +0.1% | +1.8% | +1.0% | +0.6% | +1.3% | −1.4% | +1.6% | −1.4% |
| 2023 | +3.7% | −2.9% | +2.2% | +0.1% | −0.7% | +1.0% | +0.2% | −1.5% | −3.5% | −2.4% | +8.7% | +3.1% |
| 2022 | −2.7% | −0.6% | −3.4% | −4.0% | +1.8% | −3.3% | +3.8% | −2.8% | −5.3% | −1.5% | +7.3% | −0.3% |
| 2021 | +0.8% | −1.5% | +0.7% | +1.3% | +0.7% | +0.5% | +0.9% | −0.3% | −0.8% | −0.1% | +1.1% | +0.2% |
| 2020 | +2.3% | +1.9% | −5.8% | −1.8% | +3.8% | +1.9% | +1.8% | −0.3% | +0.1% | −0.1% | +2.0% | +0.8% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | +0.2% | +0.4% |
OCAYX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 7.34%
- 3-year Sharpe ratio: -0.05 (vs 4.5% risk-free rate)
- Best month: +8.68% (Nov 2023)
- Worst month: −3.48% (Sep 2023)
OCAYX Fund Flows
Monthly money in and out of Invesco California Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: −$45.8M
- 12-month gross sales (incl. reinvestments): $681.8M
- Sales ÷ redemptions: 0.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $51.7M | $36.9M | $14.8M |
| Apr 2026 | $39.7M | $41.6M | −$1.9M |
| Mar 2026 | $53.9M | $36.2M | $17.7M |
| Feb 2026 | $39.6M | $30.7M | $8.9M |
| Jan 2026 | $66.4M | $51.3M | $15.1M |
| Dec 2025 | $66.1M | $124.4M | −$58.2M |
| Nov 2025 | $46.6M | $55.3M | −$8.7M |
| Oct 2025 | $82.7M | $67.9M | $14.8M |
| Sep 2025 | $57.8M | $43.4M | $14.4M |
| Aug 2025 | $49.5M | $92.5M | −$43.0M |
| Jul 2025 | $55.0M | $80.9M | −$25.9M |
| Jun 2025 | $72.7M | $66.5M | $6.2M |
OCAYX Assets Under Management
Net assets of Invesco California Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.11B |
| 2026-02-28 | $2.10B |
| 2025-11-30 | $2.11B |
| 2025-08-31 | $2.00B |
| 2025-05-31 | $2.09B |
| 2025-02-28 | $2.31B |
| 2024-11-30 | $2.34B |
| 2024-08-31 | $2.26B |
| 2024-05-31 | $2.16B |
| 2024-02-29 | $2.17B |
| 2023-11-30 | $2.04B |
| 2023-08-31 | $2.04B |
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.