Invesco Limited Term Municipal Income Fund (AITFX)

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Invesco Limited Term Municipal Income Fund (AITFX) is up 1.4% since the beginning of the year. AITFX is currently trading at $11 per share. Investors who bought $1,000 worth of AITFX shares 5 years ago would now be looking at an investment worth $1,111.

Invesco Limited Term Municipal Income Fund (AITFX) has returned 1.43% so far this year and 4.95% over the past 12 months. Over the last ten years, AITFX has returned 2.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 1990, AITFX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.

Historically, 69% of months were positive and 31% were negative. The best month was Jan 2009 with a return of +3.6%, while the worst month was Jul 2003 at -2.8%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 5 months.

On a daily basis, AITFX closed higher 29% of trading days. The best single day was Mar 25, 2020 with a return of +2.1%, while the worst single day was Mar 20, 2020 at -1.8%.

Invesco Limited Term Municipal Income Fund has an annualized alpha of 4.22%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 1990.

• This fund captured 11.23% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.61%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

AITFX has an expense ratio of 0.33%, placing it in the medium range.

AITFX ranks 84 for risk / return — in the top 84% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Invesco Limited Term Municipal Income Fund provided a 3.63% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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.

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 7.17%, occurring on Mar 20, 2020. Recovery took 81 trading sessions.

The current Invesco Limited Term Municipal Income Fund drawdown is 0.09%.

The chart below shows the rolling one-month volatility.