Company: VMO
Filing Date: 2025-05-02
Form Type: N-CSR
Source: 0001193125-25-111525
Chunk: 3

Company: Invesco Municipal Opportunity Trust
Filing Date: 2025-05-02
Form: N-CSR
Chunk 3
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 total return would have been lower. Past performance cannot guarantee future results. Performance shown in the chart does not reflect deduction of taxes a shareholder would pay on Trust distributions or sale of Trust shares.

| 4 |     | Invesco Municipal Opportunity Trust |

| Average Annual Total Returns |     |     |       |   |     |        |       |   |
| As of 2/28/25                |     |     |       |   |     |        |       |   |
|                              |     | NAV |       |   |     | Market |       |   |
| 10 Years                     |     |     |  2.69 | % |     |        |  2.91 | % |
| 5 Years                      |     |     | -0.02 |   |     |        |  0.59 |   |
| 1 Year                       |     |     |  3.83 |   |     |        | 10.60 |   |

Amount includes the effect of the Adviser pay-infor an economic loss that occurred on October 4, 2023. Had the pay-innot been made, the total return would have been lower. The performance data quoted represent past performance and cannot guarantee future results; current performance may be lower or higher. Please visit invesco.com/performance for the most recent month-endperformance. Performance figures do not reflect deduction of taxes a shareholder would pay on Trust distributions or sale of Trust shares. Investment return and principal value will fluctuate so that you may have a gain or loss when you sell shares.

| 5 |     | Invesco Municipal Opportunity Trust |

Supplemental Information

| ∎ | Unless otherwise noted, all data is provided by Invesco. |

| ∎ | To access your Trust’s reports, visit invesco.com/fundreports. |

About indexes used in this report

| ∎ | TheS&P Municipal Bond Indexis a broad, market value-weighted index that seeks to measure the performance of the US municipal bond market. |

| ∎ | TheS&P Municipal Bond 5+ Year Investment Grade Indexseeks to measure the performance of investment-grade US municipal bonds with maturities equal to or greater than five years. |

| ∎ | The Trust is not managed to track the performance of any particular index, including the index(es) described here, and consequently, the performance of the Trust may deviate significantly from the performance of the index(es). |

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