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Invesco Limited Term California Municipal Fund Class A OLCAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | OLCAX | Replication |
|---|---|---|
| Annualized growth | 0.5% | 1.5% |
| Annualized volatility | 3.1% | 3.1% |
| Sharpe ratio | 0.18 | 0.50 |
| Maximum drawdown | 9.0% | 8.2% |
| Replication fit (R²) | 0.84 · Tracking error 1.3% | |
Replication portfolio
The published portfolio below is the investable basket used to model OLCAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 55.3% |
| VGSH | FI · Short Gov | 26.5% |
| BKLN | FI · Senior Bank Loans | 18.2% |