AITFX vs STRIX

Both AITFX and STRIX are mutual funds. AITFX has a lower 5-year return than STRIX (1.23% vs 1.34%). AITFX has a lower expense ratio than STRIX (0.33% vs 0.46%). Below is the comparison between AITFX and STRIX.

AITFX STRIX
Security Type Mutual fund Mutual fund
Segment Tax Exempt Fixed Income: Muni National Short Tax Exempt Fixed Income: Muni National Short
Family Invesco Allspring Global Investments
Net Assets $31.70M $1.96B
Expense Ratio 0.33% 0.46%
Management Style active active
Dividend Yield 1.30% 1.75%
Minimum Investment N/A $1,000,000.00
YTD Return -3.85% -6.35%
1-Year Return -2.38% -4.20%
3-Year Return 0.78% 0.08%
5-Year Return 1.23% 1.34%
10-Year Return 1.63% 1.91%

AITFX

AITFX description

The Fund seeks to generate as high a level of tax-exempt income as is consistent with the preservation of capital, by investing in high-quality, intermediate-term municipal securities that have a maturity of 10 years or less.

AITFX performance & returns

YTD Return -3.85%
1-Month Return -0.43%
3-Month Return -2.38%
1-Year Return -2.38%
3-Year Return 0.78%
5-Year Return 1.23%
10-Year Return 1.63%
AITFX expense ratio is 0.33%.

AITFX holdings

Top 10 Holdings (13.14% of Total Assets)

Name Symbol % Assets
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.09% N/A 2.45%
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5.25% N/A 1.78%
GULF COAST INDL DEV AUTH TEX REV 0.05% N/A 1.60%
METROPOLITAN TRANSN AUTH N Y REV 0.1% N/A 1.56%
BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4% N/A 1.27%
NEW YORK N Y CITY INDL DEV AGY REV 0.12% N/A 1.13%
ARIZONA HEALTH FACS AUTH REV 0.08% N/A 0.97%
MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.08% N/A 0.86%
CHESAPEAKE BAY BRDG & TUNL DIST VA REV 5% N/A 0.78%
MIZUHO FLOATER / RESIDUAL TR VAR STS 0.36% N/A 0.74%

AITFX pros

The following are AITFX strengths from our perspective:

  • AITFX 3-year return is 0.78%, which is higher than the 3-year return of the benchmark index (S&P Municipal Bond TR), -0.07%.
  • AITFX 15-year return is 3.08%, which is in line with the 15-year return of the benchmark index (S&P Municipal Bond TR), 3.39%.

AITFX cons

The following are AITFX weaknesses from our perspective:

  • AITFX net assets are $31.70 million. This fund is not a popular choice with retail investors.
  • AITFX 5-year return is 1.23%, which is lower than the 5-year return of the benchmark index (S&P Municipal Bond TR), 1.43%.
  • AITFX 10-year return is 1.63%, which is lower than the 10-year return of the benchmark index (S&P Municipal Bond TR), 2.37%.
  • Warning: this fund has a front-end sales fee. The maximum front-end fee is 1%. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.

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STRIX

STRIX description

The Fund seeks current income which is exempt from regular federal income tax. Under normal circumstances, the Fund invests at least 80% of its net assets in municipals that pay interest exempt from regular federal income tax. The Fund may invest up to 35% of the its assets in below investment-grade municipals.

STRIX performance & returns

YTD Return -6.35%
1-Month Return -0.98%
3-Month Return -4.20%
1-Year Return -4.20%
3-Year Return 0.08%
5-Year Return 1.34%
10-Year Return 1.91%
STRIX expense ratio is 0.46%.

STRIX holdings

Top 10 Holdings (9.82% of Total Assets)

Name Symbol % Assets
TEXAS ST 5% N/A 1.74%
ST JAMES PARISH LA REV 0.2% N/A 1.22%
MIZUHO FLOATER / RESIDUAL TR VAR STS 0.34% N/A 1.02%
MASSACHUSETTS ST DEV FIN AGY REV 5% N/A 0.99%
PORT AUTH N Y & N J 5% N/A 0.96%
DALLAS FORT WORTH TEX INTL ARPT REV 5% N/A 0.83%
CHESAPEAKE BAY BRDG & TUNL DIST VA REV 5% N/A 0.80%
SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD REV 0.1% N/A 0.77%
TENDER OPT BD TR RCPTS / CTFS VAR STS 0.27% N/A 0.76%
PHOENIX ARIZ INDL DEV AUTH HEALTH CARE FACS REV 0.11% N/A 0.73%

STRIX pros

The following are STRIX strengths from our perspective:

  • STRIX 3-year return is 0.08%, which is higher than the 3-year return of the benchmark index (Bloomberg Muni Inter-Short 1-10 TR USD), 0.07%.
  • STRIX 5-year return is 1.34%, which is higher than the 5-year return of the benchmark index (Bloomberg Muni Inter-Short 1-10 TR USD), 0.99%.
  • STRIX 10-year return is 1.91%, which is higher than the 10-year return of the benchmark index (Bloomberg Muni Inter-Short 1-10 TR USD), 1.5%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

STRIX cons

None that we could think of.

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