OPTAX Performance — Invesco AMT-Free Municipal Income Fund, Class A
Data updated: 2026-07-30
OPTAX returned +1.90% year to date and +7.00% over one year to May 2026. Annualised returns are +3.45% over 3 years and +0.40% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $111, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 6.72% a year. In the 12 months to May 2026 the fund lost a net $302.4M, and assets reached $1.91B.
OPTAX Growth of $100
What $100 invested in Invesco AMT-Free Municipal Income 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 | OPTAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $111 | $112 |
| 5 years (Jun 2021 – May 2026) | $102 | $103 |
| Since data start (Sep 2019 – May 2026) | $113 | $109 |
OPTAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.90% |
| 1 year | +7.00% |
| 3 years (annualised) | +3.45% |
| 5 years (annualised) | +0.40% |
OPTAX Annual Returns
Calendar-year total returns of Invesco AMT-Free Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.90% |
| 2025 | +2.35% |
| 2024 | +1.77% |
| 2023 | +7.28% |
| 2022 | −11.71% |
| 2021 | +4.15% |
| 2020 | +7.51% |
| 2019 (Sep–Dec) | +0.65% |
OPTAX 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% | +1.7% | −2.1% | +1.4% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +1.1% | −2.0% | −1.0% | −0.7% | +0.5% | −1.0% | +0.8% | +3.4% | +1.4% | 0.0% | −0.1% |
| 2024 | 0.0% | +0.2% | −0.3% | −1.1% | −0.1% | +1.8% | +0.8% | +0.6% | +1.2% | −1.4% | +1.8% | −1.6% |
| 2023 | +3.9% | −2.6% | +2.2% | +0.2% | −0.7% | +1.0% | +0.2% | −1.4% | −3.7% | −1.8% | +7.9% | +2.5% |
| 2022 | −2.8% | −0.7% | −3.4% | −3.4% | +1.4% | −2.8% | +3.2% | −2.8% | −4.4% | −1.5% | +5.9% | −0.6% |
| 2021 | +1.2% | −1.6% | +0.8% | +1.4% | +0.8% | +0.5% | +0.9% | −0.5% | −1.0% | −0.1% | +1.3% | +0.3% |
| 2020 | +2.4% | +3.8% | −7.0% | −1.8% | +3.2% | +2.3% | +2.1% | −0.1% | −0.3% | −0.4% | +2.4% | +1.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.3% | −0.1% | +0.1% | +0.9% |
OPTAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.72%
- 3-year Sharpe ratio: -0.16 (vs 4.5% risk-free rate)
- Best month: +7.88% (Nov 2023)
- Worst month: −3.68% (Sep 2023)
OPTAX Fund Flows
Monthly money in and out of Invesco AMT-Free Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$302.4M
- 12-month gross sales (incl. reinvestments): $595.7M
- Sales ÷ redemptions: 0.66×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $29.6M | $35.0M | −$5.4M |
| Apr 2026 | $84.9M | $75.8M | $9.1M |
| Mar 2026 | $27.0M | $58.1M | −$31.1M |
| Feb 2026 | $45.4M | $29.9M | $15.5M |
| Jan 2026 | $49.6M | $58.8M | −$9.2M |
| Dec 2025 | $84.4M | $139.0M | −$54.5M |
| Nov 2025 | $31.7M | $46.4M | −$14.6M |
| Oct 2025 | $54.4M | $56.9M | −$2.5M |
| Sep 2025 | $49.6M | $72.6M | −$23.1M |
| Aug 2025 | $36.6M | $125.3M | −$88.7M |
| Jul 2025 | $56.7M | $125.9M | −$69.2M |
| Jun 2025 | $45.6M | $74.5M | −$28.8M |
OPTAX Assets Under Management
Net assets of Invesco AMT-Free Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.91B |
| 2026-02-28 | $1.96B |
| 2025-11-30 | $1.99B |
| 2025-08-31 | $1.95B |
| 2025-05-31 | $2.16B |
| 2025-02-28 | $2.43B |
| 2024-11-30 | $2.50B |
| 2024-08-31 | $2.48B |
| 2024-05-31 | $2.42B |
| 2024-02-29 | $2.44B |
| 2023-11-30 | $2.33B |
| 2023-08-31 | $2.41B |
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.