Invesco Limited Term Municipal Income Fund (AITFX)
The investment seeks federal tax-exempt current income. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in municipal debt securities that (1) pay interest that is excluded from gross income for federal income tax purposes, and (2) do not produce income that will be considered to be an item of preference for purposes of the alternative minimum tax. At least 80% of its net assets will normally be invested in investment grade municipal debt securities. The advisor will attempt to maintain a dollar-weighted average effective portfolio maturity of five years or less.
Fund Info
| ISIN | US0014194072 |
|---|---|
| CUSIP | 001419407 |
| Issuer | Invesco |
| Inception Date | May 10, 1987 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
AITFX features an expense ratio of 0.33%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Limited Term Municipal Income 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 Limited Term Municipal Income Fund had a return of 3.04% year-to-date (YTD) and 7.54% in the last 12 months. Over the past 10 years, Invesco Limited Term Municipal Income Fund had an annualized return of 1.89%, while the S&P 500 had an annualized return of 11.26%, indicating that Invesco Limited Term Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.04% | 19.50% |
| 1 month | 0.85% | 3.09% |
| 6 months | 3.04% | 10.74% |
| 1 year | 7.54% | 33.68% |
| 5 years (annualized) | 1.85% | 14.10% |
| 10 years (annualized) | 1.89% | 11.26% |
Monthly Returns
The table below presents the monthly returns of AITFX, 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 | 0.03% | 0.21% | 0.12% | -0.52% | -0.06% | 1.04% | 0.67% | 0.67% | 0.66% | 3.04% | |||
| 2023 | 1.51% | -1.20% | 1.27% | -0.01% | -0.46% | 0.55% | 0.27% | -0.44% | -1.18% | -0.46% | 2.93% | 1.49% | 4.27% |
| 2022 | -1.13% | -0.35% | -1.24% | -0.81% | 0.49% | -0.22% | 1.15% | -1.09% | -1.72% | -0.16% | 2.18% | 0.32% | -2.62% |
| 2021 | 0.40% | -0.47% | 0.22% | 0.30% | 0.13% | 0.04% | 0.29% | -0.06% | -0.32% | -0.08% | 0.10% | 0.01% | 0.58% |
| 2020 | 1.00% | 0.61% | -2.34% | -0.62% | 2.06% | 0.88% | 1.05% | 0.08% | 0.09% | -0.09% | 0.60% | 0.42% | 3.73% |
| 2019 | 0.56% | 0.39% | 0.65% | 0.12% | 0.74% | 0.39% | 0.65% | 0.64% | -0.49% | 0.21% | 0.21% | 0.21% | 4.35% |
| 2018 | -0.36% | -0.17% | 0.01% | -0.26% | 0.73% | 0.19% | 0.28% | 0.01% | -0.26% | -0.16% | 0.56% | 0.56% | 1.13% |
| 2017 | 0.52% | 0.43% | 0.16% | 0.59% | 0.86% | -0.27% | 0.52% | 0.51% | -0.45% | 0.08% | -0.71% | 0.43% | 2.69% |
| 2016 | 0.80% | 0.19% | -0.07% | 0.43% | -0.09% | 0.78% | 0.17% | 0.00% | -0.26% | -0.43% | -2.28% | 0.53% | -0.26% |
| 2015 | 0.91% | -0.29% | -0.03% | -0.12% | -0.23% | -0.06% | 0.37% | 0.11% | 0.37% | 0.37% | -0.06% | 0.28% | 1.64% |
| 2014 | 1.14% | 0.78% | -0.43% | 0.78% | 0.86% | 0.00% | 0.17% | 0.69% | -0.00% | 0.43% | 0.09% | 0.09% | 4.69% |
| 2013 | 0.29% | 0.62% | -0.14% | 0.79% | -1.01% | -2.04% | -0.09% | -0.70% | 1.32% | 0.70% | -0.09% | -0.09% | -0.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of AITFX is 89, placing it in the top 11% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Limited Term Municipal Income Fund (AITFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Limited Term Municipal Income Fund granted a 3.55% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.36 | $0.20 | $0.17 | $0.24 | $0.28 | $0.25 | $0.22 | $0.24 | $0.29 | $0.36 | $0.37 |
Dividend yield | 3.55% | 3.23% | 1.80% | 1.45% | 2.07% | 2.47% | 2.28% | 1.95% | 2.16% | 2.49% | 3.10% | 3.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Limited Term Municipal Income 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.30 | ||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
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 Limited Term Municipal Income 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 Limited Term Municipal Income Fund was 7.39%, occurring on Nov 21, 1994. Recovery took 512 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.39% | Feb 1, 1994 | 204 | Nov 21, 1994 | 512 | Nov 29, 1996 | 716 |
| -7.17% | Mar 10, 2020 | 9 | Mar 20, 2020 | 81 | Jul 16, 2020 | 90 |
| -5.61% | Aug 9, 2021 | 307 | Oct 25, 2022 | 277 | Dec 6, 2023 | 584 |
| -5.45% | Sep 12, 2008 | 25 | Oct 16, 2008 | 57 | Jan 8, 2009 | 82 |
| -4.84% | Sep 1, 2010 | 96 | Jan 18, 2011 | 92 | May 31, 2011 | 188 |
Volatility
Volatility Chart
The current Invesco Limited Term Municipal Income Fund volatility is 0.38%, 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.