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Invesco CA Tax-Free Income Y (CLFDX) Fund Ranking and Research

Ranking, Research and Recommendation of Invesco CA Tax-Free Income Y (CLFDX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Invesco CA Tax-Free Income Y Fund (CLFDX) ManagerFund Manager - Robert J. Stryker

Fund Manager Information

Fund Manager Tenure: 10.7 years
Similar Funds: CLFAX  CLFBX  CLFCX 
Fund Family: Invesco
Fund Category: Muni California Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.71)     (What does this score mean?)

 

Graph of Invesco CA Tax-Free Income Y Fund (CLFDX) ProfileInvesco CA Tax-Free Income Y Fund (CLFDX) Profile

Fund Profile and Description

Invesco CA Tax-Free Income Y Fund seeks to provide a high level of current income exempt from federal and California income tax, consistent with the preservation of capital. Invesco CA Tax-Free Income Y Fund normally invests at least 80% of net assets in securities that pay interest exempt from federal and California state income taxes. It may invest up to 20% of total assets in taxable money market instruments, tax-exempt securities of other states and municipalities, and securities that pay interest income subject to the "alternative minimum tax". Invesco CA Tax-Free Income Y Fund may invest up to 5% of net assets in municipal obligations rated below investment grade.

 

Invesco CA Tax-Free Income Y (CLFDX) Fund Strength What we like about Invesco CA Tax-Free Income Y (CLFDX) Fund

Data for Invesco CA Tax-Free Income Y Fund (CLFDX) as of May 30, 2016

  • Invesco CA Tax-Free Income Y Fund (CLFDX) management has been with Invesco CA Tax-Free Income Y Fund for 10.7 years
  • Invesco CA Tax-Free Income Y Fund (CLFDX) has good short-term performance (1-year return 7.59% vs 6.63% Muni California Long category median performance)
  • Invesco CA Tax-Free Income Y Fund (CLFDX) has good mid-term performance (3-year return 5.24% vs 4.68% Muni California Long category median performance)
  • Invesco CA Tax-Free Income Y Fund (CLFDX) has good Long-term performance (5-year return 7.01% vs 6.44% Muni California Long category median performance)
  • Invesco CA Tax-Free Income Y Fund (CLFDX) ratio of up-years vs down years is greater than 2
  • Invesco CA Tax-Free Income Y Fund (CLFDX) has a Morningstar rating of 4 and above
  • Asset base in Invesco CA Tax-Free Income Y Fund (CLFDX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Invesco CA Tax-Free Income Y Fund (CLFDX) has an annual stock turnover rate of 12.00% vs Muni California Long average of 19.12%. It is good that Invesco CA Tax-Free Income Y management does not trade extensively for its return.
  • Invesco CA Tax-Free Income Y Fund (CLFDX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.25, lower than category average of 4.35
  • Invesco CA Tax-Free Income Y Fund (CLFDX) has a lower expense ratio than its Muni California Long average: 0.61% vs 0.88%
  • Invesco CA Tax-Free Income Y Fund (CLFDX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Invesco CA Tax-Free Income Y Fund (CLFDX) Weakness What we are cautious about Invesco CA Tax-Free Income Y (CLFDX) Fund

Data for Invesco CA Tax-Free Income Y Fund (CLFDX) as of May 30, 2016

See Invesco CA Tax-Free Income Y Fund (CLFDX) performance details as of May 30, 2016

 

What do you think?

 

Compare Invesco CA Tax-Free Income Y Fund (CLFDX)Compare with other top Muni California Long category mutual funds

Aadditional top Muni California Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Invesco CA Tax-Free Income Y3.587.595.247.01
American Century CA Hi-Yld Muni Inv (BCHYX)4.258.696.057.62Compare
Franklin CA High Yield Municipal A (FCAMX)4.218.376.058.83Compare
Nuveen CA Municipal Bond A (NCAAX)3.718.316.057.83Compare

See top fund managers for Muni California Long Category Funds

 

Compare Invesco CA Tax-Free Income Y Fund (CLFDX)Compare with Muni California Long category ETFs

Some Muni California Long ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Nuveen Barclays CA Muni Bd ETF (CXA)3.30%7.63%5.25%

 

Graph of Invesco CA Tax-Free Income Y Fund (CLFDX) Net Asset TrackingInvesco CA Tax-Free Income Y (CLFDX) Fund Net Asset

Track net asset change of Invesco CA Tax-Free Income Y fund (CLFDX)

DateNet Asset
05/2016$436.20M
03/2016$416.17M
02/2016$409.84M
More historic net asset information on Invesco CA Tax-Free Income Y Fund (CLFDX)

  

Graph of Invesco CA Tax-Free Income Y Fund (CLFDX) Portfolio TrackingInvesco CA Tax-Free Income Y (CLFDX) Fund Portfolio Allocation

Track portfolio allocation change of Invesco CA Tax-Free Income Y fund (CLFDX)

DateCashStockBondOther
03/20161.64%0%98.21%0.15%
12/20153.03%0%96.82%0.16%
09/20152.11%0%97.72%0.17%
Click here to see more historic asset allocation information on Invesco CA Tax-Free Income Y Fund (CLFDX)

 

graph of Invesco CA Tax-Free Income Y Fund (CLFDX) Top 10 Position TrackingTop 10 Holdings in Invesco CA Tax-Free Income Y (CLFDX) Fund

Discover what Invesco CA Tax-Free Income Y Fund (CLFDX) manager is buying

Mar 30, 2016
Long Beach Calif Fing Auth 6% [1.63%]
San Francisco Calif City & Cnt Airpor 5% [1.4%]
California St Go Bds 5.75% [1.38%]
California Infrasct & Ec Rev Bds 5% [1.19%]
San Francisco Calif City & Cnt Wtr Re 5% [1.13%]
California Health Facs Fing Au Rev Bd 5% [1.09%]
California Edl Facs Auth 5% [1.04%]
Irvine Calif Uni Sch Dist 5% [0.99%]
J P Morgan Chase Putters / Dri Ctfs 5% [0.96%]
Puerto Rico Pub Bldgs Auth 5.45% [0.94%]

Dec 30, 2015
Long Beach Calif Fing Auth 6% [1.73%]
California St Go Bds 5.75% [1.47%]
San Francisco Calif City & Cnt Airpor 5% [1.46%]
California Infrasct & Ec Rev Bds 5% [1.25%]
San Francisco Calif City & Cnt Wtr Re 5% [1.2%]
California Health Facs Fing Au Rev Bd 5% [1.15%]
Irvine Calif Uni Sch Dist 5% [1.03%]
Puerto Rico Pub Bldgs Auth 5.45% [1%]
J P Morgan Chase Putters / Dri Ctfs 5% [1%]
California St For Previous Iss Var Pu 5% [0.97%]

Sep 29, 2015
Long Beach Calif Fing Auth 6% [1.84%]
California St Go Bds 5.75% [1.57%]
San Francisco Calif City & Cnt Airpor 5% [1.57%]
San Francisco Calif City & Cnt Wtr Re 5% [1.26%]
California Health Facs Fing Au Rev Bd 5% [1.22%]
J P Morgan Chase Putters / Dri Ctfs 5% [1.09%]
Puerto Rico Pub Bldgs Auth 5.45% [1.09%]
Irvine Calif Uni Sch Dist 5% [1.08%]
Yosemite Calif Cmnty College D Go Bds [1%]
California St Go Bds 5.25% [0.95%]
Click here for Stock Holding Change Map in Invesco CA Tax-Free Income Y Fund (CLFDX)

  

Latest News on Invesco CA Tax-Free Income Y (CLFDX) Fund

See what is happening with Invesco CA Tax-Free Income Y Fund (CLFDX)

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Invesco CA Tax-Free Income Y Fund (CLFDX) Related ResourcesSee more information on Invesco CA Tax-Free Income Y (CLFDX) Fund

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