Invesco Municipal Opportunity Trust (VMO) - Net Assets
Based on the latest financial reports, Invesco Municipal Opportunity Trust (VMO) has net assets worth $690.16 Million USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.08 Billion) and total liabilities ($393.53 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. Check VMO intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $690.16 Million |
| % of Total Assets | 63.69% |
| Annual Growth Rate | -1.43% |
| 5-Year Change | -20.06% |
| 10-Year Change | -23.64% |
| Growth Volatility | 16.9 |
Invesco Municipal Opportunity Trust - Net Assets Trend (2006–2025)
This chart illustrates how Invesco Municipal Opportunity Trust's net assets have evolved over time, based on quarterly financial data. See VMO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Invesco Municipal Opportunity Trust (2006–2025)
The table below shows the annual net assets of Invesco Municipal Opportunity Trust from 2006 to 2025. For live valuation and market cap data, see how much is Invesco Municipal Opportunity Trust worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $690.16 Million | -4.34% |
| 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 302.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $809.60 Million | 117.31% |
| Total Equity | $690.16 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 |
|---|---|
|
Attacq
JSE:ATT
|
$658.25 Million |
|
China Chippacking Technology Co. Ltd. A
SHG:688216
|
$658.40 Million |
|
Hubeiyichang Transportation Group Co Ltd
SHE:002627
|
$658.46 Million |
|
RVRC Holding AB
ST:RVRC
|
$658.52 Million |
|
Dogu Aras Enerji Yatirimlari AS
IS:ARASE
|
$657.92 Million |
|
AGF Management Limited
F:A3J
|
$657.84 Million |
|
Shenzhen Lifotronic Technology Co
SHG:688389
|
$657.73 Million |
|
Zhongyin Babi Food Co. Ltd.
SHG:605338
|
$657.65 Million |
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 2024 to 2025, total equity changed from 721,448,778 to 690,159,958, a change of -31,288,820 (-4.3%).
- Net income of 19,291,694 contributed positively to equity growth.
- Dividend payments of 31,204,273 reduced retained earnings.
- Share repurchases of 81,847,586 reduced equity.
- Other factors increased equity by 62,471,345.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.29 Million | +2.8% |
| Dividends Paid | $31.20 Million | -4.52% |
| Share Repurchases | $81.85 Million | -11.86% |
| Other Changes | $62.47 Million | +9.05% |
| Total Change | $- | -4.34% |
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: 0.97x
- 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 0.68x to 0.97x 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 | $9.90 | x |
| 2013-10-31 | $13.34 | $9.90 | x |
| 2014-10-31 | $14.25 | $9.90 | x |
| 2015-10-31 | $14.18 | $9.90 | x |
| 2016-10-31 | $13.41 | $9.90 | x |
| 2017-10-31 | $13.27 | $9.90 | x |
| 2018-10-31 | $12.56 | $9.90 | x |
| 2019-10-31 | $13.94 | $9.90 | x |
| 2020-10-31 | $13.46 | $9.90 | x |
| 2021-10-31 | $12.80 | $9.90 | x |
| 2022-10-31 | $10.60 | $9.90 | x |
| 2023-10-31 | $11.02 | $9.90 | x |
| 2024-10-31 | $10.70 | $9.90 | x |
| 2025-10-31 | $10.23 | $9.90 | 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): 2.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 47.91%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.57x
- Recent ROE (2.80%) is above the historical average (1.35%), 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 |
| 2025 | 2.80% | 47.91% | 0.04x | 1.57x | $-49.72 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: $1,830,051,427
- Average return on equity (ROE) among peers: -2.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco Municipal Opportunity Trust (VMO) | $690.16 Million | 5.12% | 0.57x | $658.22 Million |
| Acadian Asset Management Inc (AAMI) | $2.43 Billion | 0.12% | 2.51x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $381.33 Million | 35.01% | 0.36x | $3.27 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $97.63 Million | -30.60% | 0.04x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $-214.26K | 0.00% | 0.00x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $970.20 Million | -10.62% | 0.29x | $296.12 Million |
| Affiliated Managers Group Inc (AMG) | $4.30 Billion | 10.10% | 0.79x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $9.23 Billion | 14.45% | 14.66x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $3.92 Million | 36.60% | 15.42x | $40.58 Million |
About 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