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Invesco High Yield Municipal Fund (ACTHX)

Mutual Fund · Currency in USD · Last updated Sep 23, 2023

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.

Summary

Fund Info

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

Expense Ratio

The Invesco High Yield Municipal Fund has a high expense ratio of 1.39%, indicating higher-than-average management fees.


1.39%
0.00%2.15%

Share Price Chart


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Performance

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.


0.00%5.00%10.00%15.00%AprilMayJuneJulyAugustSeptember
-3.39%
8.78%
ACTHX (Invesco High Yield Municipal Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ACTHX

Invesco High Yield Municipal Fund

Return

Invesco High Yield Municipal Fund had a return of -1.57% year-to-date (YTD) and 0.42% in the last 12 months. Over the past 10 years, Invesco High Yield Municipal Fund had an annualized return of 3.65%, while the S&P 500 had an annualized return of 9.86%, indicating that Invesco High Yield Municipal Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-1.62%-1.94%
6 months-3.61%8.61%
Year-To-Date-1.57%12.52%
1 year0.42%16.97%
5 years (annualized)0.55%8.29%
10 years (annualized)3.65%9.86%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-3.20%1.82%0.07%-0.51%0.42%0.18%-2.04%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ACTHX
Invesco High Yield Municipal Fund
-0.05
^GSPC
S&P 500
0.81

Sharpe Ratio

The current Invesco High Yield Municipal Fund Sharpe ratio is -0.05. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00AprilMayJuneJulyAugustSeptember
-0.05
0.81
ACTHX (Invesco High Yield Municipal Fund)
Benchmark (^GSPC)

Dividend History

Invesco High Yield Municipal Fund granted a 5.21% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.42$0.40$0.41$0.44$0.45$0.47$0.48$0.50$0.50$0.52$0.53$0.56

Dividend yield

5.21%4.88%4.28%4.87%5.09%5.84%6.09%6.99%7.09%7.78%9.31%9.29%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04
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
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
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
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
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
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
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
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
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
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
2012$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-18.00%-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%AprilMayJuneJulyAugustSeptember
-15.28%
-9.93%
ACTHX (Invesco High Yield Municipal Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Invesco High Yield Municipal Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Invesco High Yield Municipal Fund is 27.29%, recorded on Dec 16, 2008. It took 344 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.29%May 14, 2007404Dec 16, 2008344Apr 30, 2010748
-19.37%Jan 4, 2022204Oct 25, 2022
-17.5%Apr 2, 19862187Nov 18, 1994746Oct 31, 19972933
-16.76%Mar 2, 202015Mar 20, 2020214Jan 26, 2021229
-11.11%May 3, 201383Aug 29, 2013174May 9, 2014257

Volatility Chart

The current Invesco High Yield Municipal Fund volatility is 1.71%, 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%5.00%AprilMayJuneJulyAugustSeptember
1.71%
3.41%
ACTHX (Invesco High Yield Municipal Fund)
Benchmark (^GSPC)