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Invesco High Yield Municipal Fund (ACTHX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0014196887
CUSIP001419688
IssuerInvesco
Inception DateJan 1, 1986
CategoryHigh Yield Muni
Min. Investment$1,000
Asset ClassBond

Expense Ratio

ACTHX has a high expense ratio of 1.39%, indicating higher-than-average management fees.


Expense ratio chart for ACTHX: current value at 1.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.39%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Invesco High Yield Municipal Fund

Popular comparisons: ACTHX vs. VBMFX, ACTHX vs. VWAHX, ACTHX vs. VWIAX, ACTHX vs. VWALX, ACTHX vs. TFI, ACTHX vs. RVNU, ACTHX vs. MMIN, ACTHX vs. TAFTX, ACTHX vs. FLMB, ACTHX vs. SCHD

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.


500.00%1,000.00%1,500.00%2,000.00%FebruaryMarchAprilMayJuneJuly
223.74%
2,282.18%
ACTHX (Invesco High Yield Municipal Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Invesco High Yield Municipal Fund had a return of 3.50% year-to-date (YTD) and 6.76% in the last 12 months. Over the past 10 years, Invesco High Yield Municipal Fund had an annualized return of 3.68%, while the S&P 500 had an annualized return of 10.96%, indicating that Invesco High Yield Municipal Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date3.50%17.08%
1 month2.33%3.89%
6 months3.62%16.83%
1 year6.76%24.87%
5 years (annualized)1.13%13.16%
10 years (annualized)3.68%10.96%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.44%0.32%0.43%-1.56%0.44%2.95%3.50%
20234.16%-3.20%1.82%0.07%-0.51%0.42%0.18%-2.04%-4.13%-2.69%8.52%3.21%5.25%
2022-2.67%-1.06%-3.49%-3.53%1.55%-4.27%3.88%-2.35%-5.89%-2.10%6.18%-0.51%-13.93%
20211.82%-0.92%0.94%1.32%1.02%1.11%0.81%-0.35%-0.83%-0.26%1.29%0.22%6.29%
20202.30%2.07%-10.23%-3.69%3.14%3.37%2.14%0.17%0.28%0.05%2.50%1.95%3.26%
20190.49%0.89%2.30%0.67%1.66%0.36%0.56%2.02%-0.51%-0.03%0.36%0.56%9.72%
2018-0.89%-0.40%0.59%-0.01%1.71%0.29%0.29%0.29%-0.61%-1.42%0.30%1.31%1.43%
20170.64%1.46%0.63%0.90%1.90%-0.21%0.59%0.99%-0.01%0.29%0.39%1.19%9.10%
20160.91%0.02%1.11%1.20%1.00%2.25%0.12%0.50%-0.27%-1.13%-4.76%0.64%1.43%
20152.42%-0.86%0.72%-0.48%-0.08%-0.68%0.84%0.63%0.93%0.83%0.82%1.12%6.34%
20143.03%1.77%1.00%1.95%2.44%0.04%0.14%1.90%0.73%0.83%0.53%1.13%16.61%
20130.96%0.46%-0.15%1.23%-0.65%-5.22%-2.16%-2.76%2.61%0.70%-0.17%-0.28%-5.53%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ACTHX is 33, 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.


The Risk-Adjusted Performance Rank of ACTHX is 3333
ACTHX (Invesco High Yield Municipal Fund)
The Sharpe Ratio Rank of ACTHX is 3737Sharpe Ratio Rank
The Sortino Ratio Rank of ACTHX is 3939Sortino Ratio Rank
The Omega Ratio Rank of ACTHX is 4545Omega Ratio Rank
The Calmar Ratio Rank of ACTHX is 2121Calmar Ratio Rank
The Martin Ratio Rank of ACTHX is 2424Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


ACTHX
Sharpe ratio
The chart of Sharpe ratio for ACTHX, currently valued at 1.19, compared to the broader market-1.000.001.002.003.004.005.001.19
Sortino ratio
The chart of Sortino ratio for ACTHX, currently valued at 1.83, compared to the broader market0.005.0010.001.83
Omega ratio
The chart of Omega ratio for ACTHX, currently valued at 1.26, compared to the broader market1.002.003.004.001.26
Calmar ratio
The chart of Calmar ratio for ACTHX, currently valued at 0.36, compared to the broader market0.005.0010.0015.0020.000.36
Martin ratio
The chart of Martin ratio for ACTHX, currently valued at 2.19, compared to the broader market0.0020.0040.0060.0080.00100.002.19
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.31, compared to the broader market-1.000.001.002.003.004.005.002.31
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.24, compared to the broader market0.005.0010.003.24
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.41, compared to the broader market1.002.003.004.001.41
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.82, compared to the broader market0.005.0010.0015.0020.001.82
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.58, compared to the broader market0.0020.0040.0060.0080.00100.008.58

Sharpe Ratio

The current Invesco High Yield Municipal Fund Sharpe ratio is 1.19. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Invesco High Yield Municipal Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
1.19
2.31
ACTHX (Invesco High Yield Municipal Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Invesco High Yield Municipal Fund granted a 5.08% dividend yield in the last twelve months. The annual payout for that period amounted to $0.44 per share.


PeriodTTM20232022202120202019201820172016201520142013
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

5.08%5.03%4.72%3.95%4.33%4.34%4.78%4.71%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.04$0.04$0.04$0.04$0.04$0.04$0.00$0.22
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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%FebruaryMarchAprilMayJuneJuly
-6.24%
-0.88%
ACTHX (Invesco High Yield Municipal Fund)
Benchmark (^GSPC)

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 6.24%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.29%May 14, 2007402Dec 16, 2008337Apr 21, 2010739
-19.5%Jan 4, 2022458Oct 30, 2023
-18.55%Mar 6, 19872011Nov 18, 1994798Dec 10, 19972809
-16.76%Mar 2, 202015Mar 20, 2020214Jan 26, 2021229
-11.11%May 3, 201383Aug 29, 2013174May 9, 2014257

Volatility

Volatility Chart

The current Invesco High Yield Municipal Fund volatility is 1.45%, 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.


1.00%2.00%3.00%4.00%FebruaryMarchAprilMayJuneJuly
1.45%
2.07%
ACTHX (Invesco High Yield Municipal Fund)
Benchmark (^GSPC)