OPAYX Fees and Costs — Invesco Pennsylvania Municipal Fund, Class Y
Data updated: 2026-07-30
The net expense ratio is 1.02%: a 0.47% management fee plus 0.55% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 38%.
OPAYX Fees and Expenses
Annual operating expenses and sales charges of OPAYX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| 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 |
OPAYX Costs Over Time
On $10,000 invested in OPAYX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 1.02%) | $107 | $334 | $579 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,226 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
OPAYX 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): $788.1M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
OPAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| KEYBANC CAPITAL MARKETS INC. | $160.1M | 23.90% |
| J.P. MORGAN SECURITIES LLC | $72.0M | 10.75% |
| FMSBONDS, INC. | $71.7M | 10.70% |
| WELLS FARGO SECURITIES, LLC | $61.2M | 9.14% |
| MESIROW FINANCIAL, INC. | $59.2M | 8.83% |
| RBC CAPITAL MARKETS, LLC | $58.7M | 8.76% |
| MORGAN STANLEY & CO. LLC | $57.0M | 8.51% |
| PERSHING LLC | $53.0M | 7.92% |
| JEFFERIES LLC | $49.4M | 7.38% |
| LOOP CAPITAL MARKETS LLC | $27.6M | 4.12% |
Invesco Pennsylvania 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 |
|---|---|---|---|
| IORPX | Class R6 | 0.95% | none |
| OPAYX | Class Y | 1.02% | none |
| OPATX | Class A | 1.26% | 4.25% |
| OPACX | Class C | 1.92% | 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.