VMO - Invesco Municipal Opportunity Trust
A closed-end fund run by Invesco. Invests in tax-free municipal bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Not right now - RiverNorth was in this fund until May 15, 2026 and has since sold down.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
RiverNorth owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.
Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.
What happened, and when
-
May 15, 2026
RiverNorth sold down below 5% and stopped reporting.
Original document → -
July 31, 2025
The fund said it will repay some borrowed money on Sept 4, 2025.
Original document → -
Feb 14, 2025
RiverNorth now owns 6.3%, as a passive investor.
Original document → -
Dec 9, 2024
Saba sold down below 5% and stopped reporting.
Original document → -
Dec 4, 2024
Saba cut its stake to 5.2% (from 6.7%). It has said it may push for changes.
Original document →
Show all 11 events
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Nov 18, 2024
Saba cut its stake to 6.7% (from 7.8%). It has said it may push for changes.
Original document → -
Oct 28, 2024
Saba cut its stake to 7.8% (from 8.9%). It has said it may push for changes.
Original document → -
Oct 7, 2024
Saba cut its stake to 8.9% (from 9.9%). It has said it may push for changes.
Original document → -
June 14, 2024
Saba raised its stake to 9.9% (from 9.9%). It has said it may push for changes.
Original document → -
May 6, 2024
Saba raised its stake to 9.9% (from 9.2%). It has said it may push for changes.
Original document → -
Jan 24, 2024
Saba now owns 9.2%. It has said it may push for changes.
Original document →
About this fund
- Run by Invesco Advisers, Inc. As of Feb 28, 2026, from the fund's yearly report. Original document →
- Size: about $674 million of holdings, as of May 31, 2026. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 36% on top of its own money, as of May 31, 2026. Borrowed money makes gains and losses bigger. About 65% of that is money the fund has borrowed by selling preferred shares. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.9% a year in management fees; 3.2% a year in total, including interest on borrowed money. Fiscal year ended Feb 28, 2026. As of Feb 28, 2026, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended Feb 28, 2026) the fund paid $0.75 a share. $0.46 of that was income; $0.29 was your own money back, not income. As of Feb 28, 2026, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (Feb 28, 2026): $10.23. The shares traded at $9.99, about 2.4% below that. As of Feb 28, 2026, from the fund's yearly report. Original document →
- How the holdings did: down 0.3% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +9.8%. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended Feb 28, 2026): the value of the holdings returned +3.5%. How the share price did: the shares returned +8.9% over the same year, counting payouts and the change in the market price. As of Feb 28, 2026, from the fund's annual report. Original document →
- First reported to the regulator in 1994.
What the fund holds
Almost all tax-free municipal bonds (99%). About 100% issued in the U.S.
0.7% of holdings are in default.
- California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB - 1.3%
- Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB - 1.2%
- New York (State of) Dormitory Authority, Series 2018, RB - 1.1%
- New York Liberty Development Corp. (3 World Trade Center), Series 2014-1, Ref. RB - 1.1%
- Clark (County of), NV Water Reclamation District, Series 2023, GO Bonds - 1%
- Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022, RB - 1%
- Regents of the University of California Medical Center, Series 2022 P, RB - 1%
- New York (State of) Thruway Authority, Series 2019 B, RB - 0.9%
- Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2019 B, RB - 0.9%
- Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds), Series 2023, RB - 0.9%
Show all 25
- California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System), Series 2021 A, Ref. RB - 0.9%
- Miami-Dade (County of), FL, Series 2024 A, RB - 0.8%
- Oklahoma (State of) Turnpike Authority (Senior Bonds), Series 2025 A, RB - 0.8%
- Central Plains Energy Project (No. 3), Series 2017 A, Ref. RB - 0.8%
- Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Obligated Group), Series 2024, RB - 0.8%
- Denton (County of), TX, Series 2023, Ref. GO Bonds - 0.8%
- New York (City of), NY, Subseries 2022 D-1, GO Bonds - 0.8%
- New York State Dormitory Authority, Series 2025 C, Ref. RB - 0.8%
- New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB - 0.8%
- Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3), Series 2017, RB - 0.7%
- Miami-Dade (County of), FL Expressway Authority, Series 2010 A, RB - 0.7%
- Harris (County of), TX Toll Road Authority , Series 2024 A, RB - 0.7%
- Lower Alabama Gas District , Series 2016 A, RB - 0.7%
- Oxnard School District (Election of 2022), Series 2023 A, GO Bonds - 0.7%
- Oklahoma (State of) Development Finance Authority (OU Medicine), Series 2018 B, RB - 0.7%
As of May 31, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| May 15, 2026 | RiverNorth | 4.1% | Sold down below 5% |
| Feb 14, 2025 | RiverNorth | 6.3% | Passive investor |
| Dec 9, 2024 | Saba | 3.8% | Sold down below 5% |
| Dec 4, 2024 | Saba | 5.2% | Updated notice |
| Nov 18, 2024 | Saba | 6.7% | Updated notice |
| Oct 28, 2024 | Saba | 7.8% | Updated notice |
| Oct 7, 2024 | Saba | 8.9% | Updated notice |
| June 14, 2024 | Saba | 9.9% | Updated notice |
| May 6, 2024 | Saba | 9.9% | Updated notice |
| Jan 24, 2024 | Saba | 9.2% | May push for changes |
| Date | What | Deadline | Document |
|---|---|---|---|
| July 31, 2025 | Repaying borrowed money | Sept 4, 2025 | Original document → |
- Run by
- Invesco Advisers, Inc.
- Fund family
- INVESCOFDS
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-06567
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- Feb 28, 2026
- Number of holdings
- 546
- Preferred share classes
- 1
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