CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Invsc Muni Incm Opp Tr (OIA)

National Muni Bond Funds - Muni High Yield

Data as of Aug. 17, 2018
Current
Market Price $7.84 (+ $0.07)
NAV (Aug. 17, 2018) $7.44 ( $0.00)
Premium / Discount 5.38% (+0.94%)
Fund Info
Inception Sept. 19, 1988
Sponsor Invesco Advisers
Website https://www.invesco.co...
Phone (800) 959-4246
NAV Symbol XOIAX
Objective: High current income exempt from federal income tax; medium- and lower-grade municipal securities
Related Indexes
High Yield Municipal Index
Capital & Leverage
Outstanding Shares 47,474,502
Gross Assets (Reported: Aug. 31, 2017) $433M
Estimated Gross Assets $378M
Net Assets $353M
Market Cap $372M
Purchases Turnover 20.91%
Sales Turnover 13.20%
Total Leverage 24.00%
Structural Leverage (out of total) 26.96%
Portfolio Leverage (out of total) 73.04%
Expense Ratio 1.00%
Non Lev Exp Ratio 0.75%
Rel Lev Cost 0.87%
Discount Data
Average Discount (3 Yr) 0.70%
Discount Low(3 Yr) -11.58%
Discount High(3 Yr) 8.45%
Discount Rel Range 84.64%
Comp Discount 9.55
Discount St Dev (1Yr) 2.28
Z-Stat
Z-Stat (6mo) 2.91
Z-Stat (1Yr) 1.03
Z-Stat (3Yr) 1.12
Comp Z-Stat (6mo) 1.64
Comp Z-Stat (3Yr) 1.53
Distribution Data
Market Yield 5.27%
Income Yield 5.27%
Lev Adj NAV Yield 4.47%
Distribution Frequency M
Current Distribution $0.034
Current Income $0.034
Ex-Date 8/13/18
Payable Date 8/31/18
Div Growth (3yr) 4.88%
Dividend Change 4.9% on 9/1/16
Expected Div 9/4/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $509
Avg Volume 30 day 47,721
Avg Volume 90 day 64,943
Volume Trend -26.52%
Comp Volume Trend -19.19%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
12.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
22.0%
Price Correlation (1yr)
vs. CEFA's High Yield Municipal Index
69.0%
Most Correlated Peer (Mk Pr): NMZ 61.0%
NAV - Price Correlation (30 d) -67.8%
NAV - Price Correlation (90 d) 6.5%
NAV - Price Correlation (1 Yr) 88.4%
Price St Dev (1Yr) 9.6%
NAV St Dev (1Yr) 3.1%
Earnings
Earnings / Share (5/31/18) $0.035
Earn Coverage 100.87%
Earnings Trend Up
UNII / Share (5/31/18) $0.017
Rel UNII 4.05
UNII Trend Up
Bond Specific Data
Maturity 21.19
Duration 10.11
Credit Rating (rbo) A
Investment Grade 41.84%
Non Investment Grade 19.79%
Unrated Bonds 38.37%
Average Bond Price 106.45
Discount vs Price 11.83
Coupon 4.18%
Zero Coupon 7.94%
AMT 7.11%
AMT Yield 5.16%
Bond Calls Risk 16.71%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.01
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.10
NAV Beta (2yr)
vs. CEFA's High Yield Municipal Index
0.78

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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