ORNCX Fees and Costs — Invesco Rochester Municipal Opportunities Fund, Class C
Data updated: 2026-07-30
The net expense ratio is 2.02%: a 0.35% management fee, a 0.90% 12b-1 fee plus 0.77% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $11K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 33%.
ORNCX Fees and Expenses
Annual operating expenses and sales charges of ORNCX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.90% |
| Other expenses | 0.77% |
| Gross expense ratio | 2.02% |
| Fee waiver | — |
| Net expense ratio | 2.02% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ORNCX Costs Over Time
On $10,000 invested in ORNCX, assuming 5% a year before costs, total costs come to $1,238 over 5 years, cutting the return by 2.12% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.02%) | $212 | $655 | $1,123 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $33 | $115 |
| Total costs | $315 | $687 | $1,238 |
| Value after costs | $10,185 | $10,889 | $11,525 |
| Impact on return, per year | 3.15% | 2.12% | 2.12% |
ORNCX 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): 0.0001%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $14.7B
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
ORNCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $4K | 37.89% |
| VIRTU AMERICAS LLC | $4K | 37.63% |
| CITADEL SECURITIES LLC | $2K | 19.13% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $503 | 4.56% |
| OLD MISSION MARKETS LLC | $88 | 0.80% |
ORNCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $2.2B | 18.33% |
| J.P. MORGAN SECURITIES LLC | $1.5B | 12.39% |
| MORGAN STANLEY & CO. LLC | $1.4B | 11.89% |
| MESIROW FINANCIAL, INC. | $1.1B | 9.40% |
| FMSBONDS, INC. | $1.0B | 8.76% |
| JEFFERIES LLC | $1.0B | 8.52% |
| BOFA SECURITIES, INC. | $978.8M | 8.19% |
| GOLDMAN, SACHS & CO. | $944.7M | 7.90% |
| BARCLAYS CAPITAL INC. | $921.8M | 7.71% |
| PERSHING LLC | $827.0M | 6.92% |
Invesco Rochester Municipal Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IORHX | Class R5 | 1.05% | none |
| IORYX | Class R6 | 1.05% | none |
| ORNYX | Class Y | 1.12% | none |
| ORNAX | Class A | 1.37% | 4.25% |
| ORNCX | Class C | 2.02% | 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.