Invesco High Yield Municipal Fund (ACTHX)
The investment seeks federal tax-exempt current income and taxable capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities at the time of investment. It invests at least 75% of its net assets in higher yielding municipal securities, specifically medium- and lower-grade municipal securities. The fund may not, however, invest more than 25% of its net assets in industrial development revenue bonds issued for companies in the same industry.
Fund Info
US0014196887
001419688
Jan 1, 1986
$1,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco High Yield Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco High Yield Municipal Fund had a return of 5.53% year-to-date (YTD) and 11.26% in the last 12 months. Over the past 10 years, Invesco High Yield Municipal Fund had an annualized return of 3.42%, while the S&P 500 had an annualized return of 11.16%, indicating that Invesco High Yield Municipal Fund did not perform as well as the benchmark.
ACTHX
5.53%
0.20%
5.30%
11.26%
1.18%
3.42%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of ACTHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.44% | 0.32% | 0.44% | -1.56% | 0.44% | 2.95% | 1.25% | 0.78% | 1.70% | -1.62% | 5.53% | ||
| 2023 | 4.17% | -3.20% | 1.83% | 0.07% | -0.51% | 0.42% | 0.19% | -2.03% | -4.13% | -2.69% | 8.52% | 3.21% | 5.29% |
| 2022 | -2.67% | -1.06% | -3.49% | -3.52% | 1.56% | -4.27% | 3.88% | -2.35% | -5.89% | -2.10% | 6.18% | -0.51% | -13.93% |
| 2021 | 1.82% | -0.92% | 0.93% | 1.32% | 1.02% | 1.11% | 0.81% | -0.35% | -0.83% | -0.26% | 1.29% | 0.22% | 6.29% |
| 2020 | 2.30% | 2.06% | -10.24% | -3.69% | 3.13% | 3.37% | 2.14% | 0.17% | 0.28% | 0.05% | 2.50% | 1.95% | 3.22% |
| 2019 | 0.48% | 0.89% | 2.30% | 0.67% | 1.66% | 0.36% | 0.56% | 2.02% | -0.51% | -0.03% | 0.37% | 0.56% | 9.70% |
| 2018 | -0.90% | -0.41% | 0.60% | -0.01% | 1.71% | 0.29% | 0.29% | 0.29% | -0.61% | -1.42% | 0.30% | 1.31% | 1.41% |
| 2017 | 0.64% | 1.46% | 0.63% | 0.90% | 1.90% | -0.21% | 0.59% | 0.99% | -0.01% | 0.29% | 0.39% | 1.20% | 9.11% |
| 2016 | 0.91% | 0.02% | 1.11% | 1.20% | 1.00% | 2.25% | 0.11% | 0.50% | -0.27% | -1.13% | -4.76% | 0.64% | 1.43% |
| 2015 | 2.42% | -0.86% | 0.72% | -0.47% | -0.08% | -0.68% | 0.84% | 0.63% | 0.93% | 0.83% | 0.82% | 1.12% | 6.34% |
| 2014 | 3.04% | 1.77% | 1.00% | 1.95% | 2.45% | 0.04% | 0.15% | 1.90% | 0.73% | 0.83% | 0.53% | 1.13% | 16.61% |
| 2013 | 0.96% | 0.46% | -0.16% | 1.23% | -0.65% | -5.22% | -2.16% | -2.76% | 2.61% | 0.70% | -0.17% | -0.28% | -5.53% |
Expense Ratio
ACTHX has a high expense ratio of 1.39%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ACTHX is 69, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco High Yield Municipal Fund provided a 5.13% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.43 | $0.40 | $0.41 | $0.44 | $0.45 | $0.47 | $0.48 | $0.50 | $0.50 | $0.52 | $0.53 |
Dividend yield | 5.13% | 5.06% | 4.73% | 3.95% | 4.30% | 4.32% | 4.75% | 4.72% | 5.17% | 4.99% | 5.21% | 5.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco High Yield Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.37 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.52 |
| 2013 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco High Yield Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco High Yield Municipal Fund was 27.29%, occurring on Dec 16, 2008. Recovery took 337 trading sessions.
The current Invesco High Yield Municipal Fund drawdown is 4.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.29% | May 14, 2007 | 402 | Dec 16, 2008 | 337 | Apr 21, 2010 | 739 |
| -19.47% | Jan 4, 2022 | 458 | Oct 30, 2023 | — | — | — |
| -18.55% | Mar 6, 1987 | 2011 | Nov 18, 1994 | 798 | Dec 10, 1997 | 2809 |
| -16.76% | Mar 2, 2020 | 15 | Mar 20, 2020 | 214 | Jan 26, 2021 | 229 |
| -11.11% | May 3, 2013 | 83 | Aug 29, 2013 | 174 | May 9, 2014 | 257 |
Volatility
Volatility Chart
The current Invesco High Yield Municipal Fund volatility is 2.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.