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15 important things you should know about Invesco ATFAX mutual fund

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

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

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

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

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

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 ATFAX top holdings?

ATFAX 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 ATFAX performance? What are ATFAX historical returns?

ATFAX has generated the following returns:

  • 1-month return is -0.12%;
  • 3-month return is 0.28%;
  • 1-year return is 3.01%;
  • 3-year return is 2.39%;
  • 5-year return is 1.90%;
  • 10-year return is 2.47%;
  • 15-year return is 3.27%.

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

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

ATFAX up and down years

5. What is ATFAX dividend yield?

ATFAX yield is 1.95%.

6. What is ATFAX minimum initial investment amount?

ATFAX minimum initial investment amount is $1.00K.

7. What is ATFAX expense ratio?

ATFAX expense ratio is 0.61%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ATFAX expenses

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

ATFAX 12b-1 distribution fee is 0.25. ATFAX front-end sales load is 2.5. ATFAX back-end sales load is 0.

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

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

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

  • 3-year beta is 0.56;
  • 5-year beta is 0.57;
  • 10-year beta is 0.65;
  • 15-year beta is 0.62.
ATFAX Beta

11. What is ATFAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.22;
  • 5-year Sharpe ratio is 0.33;
  • 10-year Sharpe ratio is 0.78.
ATFAX 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 ATFAX? What are ATFAX buy reasons?

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

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

The following are ATFAX weaknesses from our perspective:

  • <strong>ATFAX 3-year return</strong> is 2.39%, which is lower than the 3-year return of the benchmark index (S&P Municipal Bond TR), 4.02%.
  • <strong>ATFAX 5-year return</strong> is 1.9%, which is lower than the 5-year return of the benchmark index (S&P Municipal Bond TR), 3.68%.
  • <strong>ATFAX 10-year return</strong> is 2.47%, which is lower than the 10-year return of the benchmark index (S&P Municipal Bond TR), 4.02%.
  • <strong>ATFAX 15-year return</strong> is 3.27%, which is lower than the 15-year return of the benchmark index (S&P Municipal Bond TR), 4.31%.
  • <strong>ATFAX expense ratio</strong> is 0.61%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • 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 2.5%. 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.
In the ATFAX review, we covered ATFAX 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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