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15 important things you should know about Invesco AITFX mutual fund

Updated: Last Tuesday
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • Sales load and/or distribution fees

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

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

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

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

  1. Describe AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds): Invesco Limited Term Municipal Income Fund; Class A2 Shares (AITFX).
  2. What are AITFX holdings?
  3. What is AITFX performance? What are AITFX historical returns?
  4. How many up and down years did AITFX have historically?
  5. What is AITFX dividend yield?
  6. What is AITFX minimum initial investment amount?
  7. What is AITFX expense ratio?
  8. Does AITFX have any sales loads or 12b-1 distribution expenses?
  9. What is AITFX tax efficiency (tax-cost ratio)?
  10. What is AITFX beta? How would you assess AITFX risk?
  11. What is AITFX Sharpe ratio?
  12. What is AITFX Finny Score? AITFX buy or sell?
  13. What are the pros of investing in AITFX? What are AITFX buy reasons?
  14. What are the cons of investing in AITFX? What are AITFX 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 Limited Term Municipal Income Fund; Class A2 Shares (AITFX).

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.

2. What are AITFX top holdings?

AITFX has 0 stock holdings and 616 bond holdings.

The top 10 holdings represent 9.76% of total assets. Here are the top holdings:

Name Symbol % Assets
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5.25% N/A 2.01%
BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4% N/A 1.38%
CHESAPEAKE BAY BRDG & TUNL DIST VA REV 5% N/A 0.90%
MIZUHO FLOATER / RESIDUAL TR VAR STS 0.57% N/A 0.89%
MASSACHUSETTS ST DEV FIN AGY REV 5% N/A 0.80%
ARIZONA INDL DEV AUTH REV 3.62% N/A 0.77%
METROPOLITAN PIER & EXPOSITION AUTH ILL DEDICATED ST TAX REV 0% N/A 0.77%
CHICAGO ILL WTR REV 5% N/A 0.76%
KENTUCKY ST PPTY & BLDGS COMMN REVS 5% N/A 0.74%
LOUISIANA ST CITIZENS PPTY INS CORP ASSMT REV 5% N/A 0.74%

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

AITFX has generated the following returns:

  • 1-month return is -0.10%;
  • 3-month return is 0.25%;
  • 1-year return is 3.18%;
  • 3-year return is 2.61%;
  • 5-year return is 2.16%;
  • 10-year return is 2.72%;
  • 15-year return is 3.54%.

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

In the last 10 years, AITFX had 8 up years and 2 down years.

AITFX up and down years

5. What is AITFX dividend yield?

AITFX yield is 2.19%.

6. What is AITFX minimum initial investment amount?

AITFX minimum initial investment amount is N/A.

7. What is AITFX expense ratio?

AITFX expense ratio is 0.36%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AITFX expenses

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

AITFX 12b-1 distribution fee is 0. AITFX front-end sales load is 1. AITFX back-end sales load is 0.

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

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

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

  • 3-year beta is 0.58;
  • 5-year beta is 0.58;
  • 10-year beta is 0.65;
  • 15-year beta is 0.62.
AITFX Beta

11. What is AITFX Sharpe ratio?

  • 3-year Sharpe ratio is 0.32;
  • 5-year Sharpe ratio is 0.44;
  • 10-year Sharpe ratio is 0.87.
AITFX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 6 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are AITFX weaknesses from our perspective:

  • <strong>AITFX net assets</strong> are $33.00 million. This fund is not a popular choice with retail investors.
  • <strong>AITFX 3-year return</strong> is 2.61%, which is lower than the 3-year return of the benchmark index (S&P Municipal Bond TR), 3.9%.
  • <strong>AITFX 5-year return</strong> is 2.16%, which is lower than the 5-year return of the benchmark index (S&P Municipal Bond TR), 3.68%.
  • <strong>AITFX 10-year return</strong> is 2.72%, which is lower than the 10-year return of the benchmark index (S&P Municipal Bond TR), 4%.
  • <strong>AITFX 15-year return</strong> is 3.54%, which is lower than the 15-year return of the benchmark index (S&P Municipal Bond TR), 4.31%.
  • 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.
In the AITFX review, we covered AITFX 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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