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Invesco Limited Term California Municipal Fund Q4 2025 Commentary
The Invesco Limited Term California Municipal Fund Class A shares (OLCAX) at net asset value outperformed its style-specific index in Q4 2025. The fund focuses on shorter maturities and revenue bonds, with key exposures in airports, public power, and higher education. The positive outlook for the fund is supported by attractive municipal yields, healthy state and local budgets, and anticipated Fed rate cuts.