Invesco Rochester Limited Term New York Municipal Fund (LTNYX)

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Invesco Rochester Limited Term New York Municipal Fund (LTNYX) is up 1.3% since the beginning of the year. LTNYX is currently trading at $3 per share. Investors who bought $1,000 worth of LTNYX shares 5 years ago would now be looking at an investment worth $1,056.

Invesco Rochester Limited Term New York Municipal Fund (LTNYX) has returned 1.29% so far this year and 5.05% over the past 12 months. Over the last ten years, LTNYX has returned 2.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Sep 18, 1991, LTNYX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.

Historically, 67% of months were positive and 33% were negative. The best month was Jan 2009 with a return of +4.3%, while the worst month was Sep 2008 at -4.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.

On a daily basis, LTNYX closed higher 16% of trading days. The best single day was Mar 25, 2020 with a return of +2.1%, while the worst single day was Mar 12, 2020 at -2.3%.

Invesco Rochester Limited Term New York Municipal Fund has an annualized alpha of 3.67%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 18, 1991.

• This fund captured 11.48% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.84%) - 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.

LTNYX has an expense ratio of 0.75%, placing it in the medium range.

LTNYX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Invesco Rochester Limited Term New York Municipal Fund provided a 2.37% dividend yield over the last twelve months, with an annual payout of $0.07 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco Rochester Limited Term New York Municipal 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 Rochester Limited Term New York Municipal 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 Rochester Limited Term New York Municipal Fund was 13.78%, occurring on Dec 15, 2008. Recovery took 167 trading sessions.

The chart below shows the rolling one-month volatility.