14 important things you should know about Invesco ACTHX mutual fund

Updated: June 27, 2020
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Before we start: if you’re looking for ACTHX “stock” price, you can quickly find it out by visiting Finny and typing "ACTHX quote". If you’re looking for a quick scoop on ACTHX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ACTHX". You’ll get all this info in one place.

Are you looking to buy or sell ACTHX? Or perhaps you’re looking for ACTHX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ACTHX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ACTHX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ACTHX buy or sell; the pros and cons of investing in ACTHX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ACTHX.

And here is the list of questions we’ll answer:

  1. Describe AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds): Invesco High Yield Municipal Fund; Class A Shares (ACTHX).
  2. What are ACTHX holdings?
  3. What is ACTHX performance? What are ACTHX historical returns?
  4. How many up and down years did ACTHX have historically?
  5. What is ACTHX dividend yield?
  6. What is ACTHX minimum initial investment amount?
  7. What is ACTHX expense ratio?
  8. Does ACTHX have any sales loads or 12b-1 distribution expenses?
  9. What is ACTHX tax efficiency (tax-cost ratio)?
  10. What is ACTHX beta? How would you assess ACTHX risk?
  11. What is ACTHX Sharpe ratio?
  12. What is ACTHX Finny Score? ACTHX buy or sell?
  13. What are the pros of investing in ACTHX? What are ACTHX buy reasons?
  14. What are the cons of investing in ACTHX? What are ACTHX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds): Invesco High Yield Municipal Fund; Class A Shares (ACTHX).

The Fund seeks as high a level of interest income exempt from federal income tax as is consistent with the investment policies of the Fund. The Fund's investment adviser seeks to this objective by investing primarily in a portfolio of medium and lower-grade municipal securities.

2. What are ACTHX top holdings?

ACTHX has 0 stock holdings and 1,475 bond holdings.

The top 8 holdings represent 4.90% of total assets. Here are the top holdings:

Name Symbol % Assets
CHICAGO ILL 6% N/A 0.71%
PORT BEAUMONT TEX NAV DIST DOCK & WHARF FAC REV 7.25% N/A 0.66%
CHILDRENS TR FD P R TOB SETTLEMENT REV 0% N/A 0.63%
CUYAHOGA CNTY OHIO HOSP REV 5.5% N/A 0.61%
JEFFERSON CNTY ALA SWR REV 0% N/A 0.58%
WESTCHESTER CNTY N Y INDL DEV AGY SPL FAC REV 7% N/A 0.58%
NASSAU CNTY N Y TOBACCO SETTLEMENT CORP 5.12% N/A 0.57%
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.88% N/A 0.56%

3. What is ACTHX performance? What are ACTHX historical returns?

ACTHX has generated the following returns:

  • 1-month return is -1.12%;
  • 3-month return is -11.01%;
  • 1-year return is -5.10%;
  • 3-year return is 2.05%;
  • 5-year return is 3.26%;
  • 10-year return is 5.18%;
  • 15-year return is 4.40%.

4. How many up and down years did ACTHX have historically?

In the last 10 years, ACTHX had 9 up years and 1 down year.

5. What is ACTHX dividend yield?

ACTHX yield is 4.34%.

6. What is ACTHX minimum initial investment amount?

ACTHX minimum initial investment amount is $1.00K.

7. What is ACTHX expense ratio?

ACTHX expense ratio is 1.22%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does ACTHX have any sales loads or 12b-1 distribution expenses?

ACTHX 12b-1 distribution fee is 0.25. ACTHX front-end sales load is 4.25. ACTHX back-end sales load is 0.

9. What is ACTHX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0%;
  • 3-year ax cost ratio is 0%.

10. What is ACTHX beta? How would you assess ACTHX risk?

  • 3-year beta is 1.78;
  • 5-year beta is 1.56;
  • 10-year beta is 1.44;
  • 15-year beta is 1.38.

11. What is ACTHX Sharpe ratio?

  • 3-year Sharpe ratio is 0.28;
  • 5-year Sharpe ratio is 0.44;
  • 10-year Sharpe ratio is 0.88.

Analysis

12. What is ACTHX Finny Score? ACTHX buy or sell?

ACTHX Finny Score is 0. Our quantitative analysis shows 0 reasons to buy ACTHX and 10 reasons to sell it, resulting in the Finny Score of 0.

13. What are the pros of investing in ACTHX? What are ACTHX buy reasons?

We don't see any strong reasons to buy ACTHX.

14. What are the cons of investing in ACTHX? What are ACTHX negatives?

The following are ACTHX weaknesses from our perspective:

  • ACTHX 3-year return is 2.05%, which is lower than the 3-year return of the benchmark index (S&P Municipal Bond High Yield TR), 3.17%.
  • ACTHX 5-year return is 3.26%, which is lower than the 5-year return of the benchmark index (S&P Municipal Bond High Yield TR), 4.09%.
  • ACTHX 10-year return is 5.18%, which is lower than the 10-year return of the benchmark index (S&P Municipal Bond High Yield TR), 5.92%.
  • ACTHX 15-year return is 4.4%, which is lower than the 15-year return of the benchmark index (S&P Municipal Bond High Yield TR), 5%.
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 4.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. 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.
  • ACTHX expense ratio is 1.22%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • ACTHX 3-year Beta is 1.78, which is higher than the index (BBgBarc Municipal TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • ACTHX 5-year Beta is 1.56, which is higher than the index (BBgBarc Municipal TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • ACTHX 10-year Beta is 1.44, which is higher than the index (BBgBarc Municipal TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
  • ACTHX 15-year Beta is 1.38, which is higher than the index (BBgBarc Municipal TR USD) 15-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 15 years.
In the ACTHX review, we covered ACTHX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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