Invesco High Yield Municipal Fund (ACTHX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ACTHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ACTHX
ACTHX charges 1.39% annually. There are 47 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | ACTHX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | ACTHX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | ACTHX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | ACTHX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | ACTHX vs HIMFX |
Best Risk-Adjusted Alternatives to ACTHX
ACTHX has a PortfoliosLab risk / return rank of 65. There are 28 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 93 | — | Feb 1985 | ACTHX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 91 | — | Apr 1987 | ACTHX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 89 | — | Sep 2015 | ACTHX vs ISHYX | |
| Columbia High Yield Municipal Fund | 83 | — | Mar 1984 | ACTHX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 82 | — | May 2007 | ACTHX vs EWHYX |
Top Performing ACTHX Alternatives (YTD)
ACTHX is at 2.88% YTD. There are 19 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.38%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.38% | — | Nov 2003 | ACTHX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.60% | — | May 2007 | ACTHX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.41% | — | Jun 2016 | ACTHX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.38% | — | Mar 1984 | ACTHX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 3.32% | — | Jun 1999 | ACTHX vs NHMRX |
Lowest Volatility Alternatives to ACTHX
ACTHX has 3.79% 1-year volatility. There are 38 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.02% | — | Mar 2017 | ACTHX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.06% | — | Jun 2015 | ACTHX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.24% | — | Jan 2013 | ACTHX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.30% | — | Sep 2015 | ACTHX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.56% | — | Jun 2018 | ACTHX vs TMNIX |
Lowest Drawdown Alternatives to ACTHX
ACTHX has a 1-year max drawdown of -2.98%. There are 25 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | Jan 2013 | ACTHX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | ACTHX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | ACTHX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | ACTHX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | ACTHX vs TMNIX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 71 | 20.39% | — | Oct 2020 | ACTHX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 43 | 10.14% | — | — | ACTHX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 23 | -3.25% | — | Jul 1983 | ACTHX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 16 | 9.63% | — | Jun 2005 | ACTHX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 85 | 24.13% | — | Jun 2001 | ACTHX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 63 | 10.38% | — | Oct 1968 | ACTHX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 89 | 32.95% | — | Jun 1999 | ACTHX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 36 | 5.31% | — | Feb 1988 | ACTHX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 63 | 6.66% | — | Aug 1960 | ACTHX vs ACEIX | |
| Invesco Global Fund | Global Equities | 26 | 9.69% | — | Dec 1969 | ACTHX vs OPPAX |
Often Compared With ACTHX
Investors most often compare ACTHX with TFI, TAFTX, FMB. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare ACTHX with Any Fund or Stock
Compare ACTHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ACTHX with funds that move differently
Invesco High Yield Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ACTHX.
Explore ACTHX Diversifiers