Invesco Municipal Opportunity Trust
Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income mar… Read more
Invesco Municipal Opportunity Trust (VMO) - Net Assets
Latest net assets as of July 2025: $651.03 Million USD
Based on the latest financial reports, Invesco Municipal Opportunity Trust (VMO) has net assets worth $651.03 Million USD as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.14 Billion) and total liabilities ($485.30 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $651.03 Million |
| % of Total Assets | 57.29% |
| Annual Growth Rate | -1.27% |
| 5-Year Change | -20.52% |
| 10-Year Change | -24.5% |
| Growth Volatility | 17.43 |
Invesco Municipal Opportunity Trust - Net Assets Trend (2006–2024)
This chart illustrates how Invesco Municipal Opportunity Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Invesco Municipal Opportunity Trust (2006–2024)
The table below shows the annual net assets of Invesco Municipal Opportunity Trust from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $721.45 Million | -2.97% |
| 2023-10-31 | $743.52 Million | +3.99% |
| 2022-10-31 | $715.01 Million | -17.19% |
| 2021-10-31 | $863.39 Million | -4.88% |
| 2020-10-31 | $907.69 Million | -3.39% |
| 2019-10-31 | $939.56 Million | +8.19% |
| 2018-10-31 | $868.43 Million | -2.17% |
| 2017-10-31 | $887.66 Million | -1.79% |
| 2016-10-31 | $903.86 Million | -5.41% |
| 2015-10-31 | $955.57 Million | -0.49% |
| 2014-10-31 | $960.24 Million | +6.84% |
| 2013-10-31 | $898.74 Million | -8.28% |
| 2012-10-31 | $979.84 Million | +56.52% |
| 2008-10-31 | $626.02 Million | -27.66% |
| 2007-10-31 | $865.35 Million | -4.69% |
| 2006-10-31 | $907.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Invesco Municipal Opportunity Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 282.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $829.05 Million | 114.91% |
| Total Equity | $721.45 Million | 100.00% |
Invesco Municipal Opportunity Trust Competitors by Market Cap
The table below lists competitors of Invesco Municipal Opportunity Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Investeringsforeningen Danske Invest - Fonde KL
CO:DKIFO
|
$94.89K |
|
Infinity Bank (Santa Ana CA)
OTCQB:INFT
|
$94.93K |
|
Delaware Investments Florida MIF
NYSE MKT:VFL
|
$94.97K |
|
Digital Bros SpA
STU:DB7
|
$94.99K |
|
MAROC TELECOM
MU:MSPA
|
$94.88K |
|
Republic Digital Acquisition Company Unit
NASDAQ:RDAGU
|
$94.86K |
|
1st Federal Savings Bank of SC Inc
PINK:FSGB
|
$94.82K |
|
Cerinnov Group SA
PA:ALPCV
|
$94.81K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Invesco Municipal Opportunity Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 743,517,136 to 721,448,778, a change of -22,068,358 (-3.0%).
- Net income of 23,656,426 contributed positively to equity growth.
- Dividend payments of 27,466,183 reduced retained earnings.
- Share repurchases of 73,333,683 reduced equity.
- Other factors increased equity by 55,075,082.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $23.66 Million | +3.28% |
| Dividends Paid | $27.47 Million | -3.81% |
| Share Repurchases | $73.33 Million | -10.16% |
| Other Changes | $55.08 Million | +7.63% |
| Total Change | $- | -2.97% |
Book Value vs Market Value Analysis
This analysis compares Invesco Municipal Opportunity Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.67x to 0.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-10-31 | $14.54 | $9.75 | x |
| 2013-10-31 | $13.34 | $9.75 | x |
| 2014-10-31 | $14.25 | $9.75 | x |
| 2015-10-31 | $14.18 | $9.75 | x |
| 2016-10-31 | $13.41 | $9.75 | x |
| 2017-10-31 | $13.27 | $9.75 | x |
| 2018-10-31 | $12.56 | $9.75 | x |
| 2019-10-31 | $13.94 | $9.75 | x |
| 2020-10-31 | $13.46 | $9.75 | x |
| 2021-10-31 | $12.80 | $9.75 | x |
| 2022-10-31 | $10.60 | $9.75 | x |
| 2023-10-31 | $11.02 | $9.75 | x |
| 2024-10-31 | $10.70 | $9.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Invesco Municipal Opportunity Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 55.55%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.54x
- Recent ROE (3.28%) is above the historical average (1.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.12% | 87.71% | 0.05x | 1.13x | $-44.29 Million |
| 2007 | -0.02% | -0.26% | 0.05x | 1.18x | $-86.67 Million |
| 2008 | -20.55% | -245.06% | 0.07x | 1.22x | $-191.27 Million |
| 2012 | 5.77% | 114.31% | 0.03x | 1.65x | $-41.44 Million |
| 2013 | -2.72% | -34.58% | 0.05x | 1.70x | $-114.36 Million |
| 2014 | 11.94% | 161.54% | 0.04x | 1.68x | $18.65 Million |
| 2015 | 5.49% | 75.06% | 0.04x | 1.67x | $-43.09 Million |
| 2016 | 0.56% | 7.44% | 0.04x | 1.71x | $-85.36 Million |
| 2017 | 3.62% | 97.48% | 0.02x | 1.72x | $-56.67 Million |
| 2018 | 2.95% | 96.79% | 0.02x | 1.70x | $-61.26 Million |
| 2019 | 11.86% | 99.56% | 0.07x | 1.67x | $17.48 Million |
| 2020 | 1.00% | 94.11% | 0.01x | 1.65x | $-81.72 Million |
| 2021 | -0.21% | 0.00% | 0.00x | 1.68x | $-88.12 Million |
| 2022 | -15.68% | 0.00% | -0.09x | 1.69x | $-183.62 Million |
| 2023 | 7.69% | 105.52% | 0.05x | 1.59x | $-17.17 Million |
| 2024 | 3.28% | 55.55% | 0.04x | 1.54x | $-48.49 Million |
Industry Comparison
This section compares Invesco Municipal Opportunity Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco Municipal Opportunity Trust (VMO) | $651.03 Million | 5.12% | 0.75x | $94.89K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |