PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
Invesco Limited Term Municipal Income Fund (AITFX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0014194072
CUSIP001419407
IssuerInvesco
Inception DateMay 10, 1987
CategoryMunicipal Bonds
Min. Investment$1,000
Asset ClassBond

Expense Ratio

AITFX features an expense ratio of 0.33%, falling within the medium range.


Expense ratio chart for AITFX: current value at 0.33% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.33%

Share Price Chart


Loading data...

Compare to other instruments

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


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.


0.00%5.00%10.00%MayJuneJulyAugustSeptemberOctober
3.04%
10.93%
AITFX (Invesco Limited Term Municipal Income Fund)
Benchmark (^GSPC)

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.


PeriodReturnBenchmark
Year-To-Date3.04%19.50%
1 month0.85%3.09%
6 months3.04%10.74%
1 year7.54%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.03%0.21%0.12%-0.52%-0.06%1.04%0.67%0.67%0.66%3.04%
20231.51%-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%
20210.40%-0.47%0.22%0.30%0.13%0.04%0.29%-0.06%-0.32%-0.08%0.10%0.01%0.58%
20201.00%0.61%-2.34%-0.62%2.06%0.88%1.05%0.08%0.09%-0.09%0.60%0.42%3.73%
20190.56%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%
20170.52%0.43%0.16%0.59%0.86%-0.27%0.52%0.51%-0.45%0.08%-0.71%0.43%2.69%
20160.80%0.19%-0.07%0.43%-0.09%0.78%0.17%0.00%-0.26%-0.43%-2.28%0.53%-0.26%
20150.91%-0.29%-0.03%-0.12%-0.23%-0.06%0.37%0.11%0.37%0.37%-0.06%0.28%1.64%
20141.14%0.78%-0.43%0.78%0.86%0.00%0.17%0.69%-0.00%0.43%0.09%0.09%4.69%
20130.29%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.


The Risk-Adjusted Performance Rank of AITFX is 8989
AITFX (Invesco Limited Term Municipal Income Fund)
The Sharpe Ratio Rank of AITFX is 9393Sharpe Ratio Rank
The Sortino Ratio Rank of AITFX is 9494Sortino Ratio Rank
The Omega Ratio Rank of AITFX is 9595Omega Ratio Rank
The Calmar Ratio Rank of AITFX is 7979Calmar Ratio Rank
The Martin Ratio Rank of AITFX is 8888Martin 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 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.


AITFX
Sharpe ratio
The chart of Sharpe ratio for AITFX, currently valued at 3.59, compared to the broader market0.002.004.003.59
Sortino ratio
The chart of Sortino ratio for AITFX, currently valued at 6.83, compared to the broader market0.005.0010.006.83
Omega ratio
The chart of Omega ratio for AITFX, currently valued at 2.10, compared to the broader market1.002.003.004.002.10
Calmar ratio
The chart of Calmar ratio for AITFX, currently valued at 2.12, compared to the broader market0.005.0010.0015.0020.0025.002.12
Martin ratio
The chart of Martin ratio for AITFX, currently valued at 20.90, compared to the broader market0.0020.0040.0060.0080.00100.0020.90
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.79, compared to the broader market0.002.004.002.79
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.71, compared to the broader market0.005.0010.003.72
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.51, compared to the broader market1.002.003.004.001.51
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.46, compared to the broader market0.005.0010.0015.0020.0025.002.46
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.96, compared to the broader market0.0020.0040.0060.0080.00100.0016.96

Sharpe Ratio

The current Invesco Limited Term Municipal Income Fund Sharpe ratio is 3.59. 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 Limited Term Municipal Income 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 Ratio1.001.502.002.503.003.50MayJuneJulyAugustSeptemberOctober
3.59
2.64
AITFX (Invesco Limited Term Municipal Income Fund)
Benchmark (^GSPC)

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.


PeriodTTM20232022202120202019201820172016201520142013
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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.


-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober0
-0.92%
AITFX (Invesco Limited Term Municipal Income Fund)
Benchmark (^GSPC)

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, 1994204Nov 21, 1994512Nov 29, 1996716
-7.17%Mar 10, 20209Mar 20, 202081Jul 16, 202090
-5.61%Aug 9, 2021307Oct 25, 2022277Dec 6, 2023584
-5.45%Sep 12, 200825Oct 16, 200857Jan 8, 200982
-4.84%Sep 1, 201096Jan 18, 201192May 31, 2011188

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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%MayJuneJulyAugustSeptemberOctober
0.38%
3.33%
AITFX (Invesco Limited Term Municipal Income Fund)
Benchmark (^GSPC)