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Morningstar

Invesco High Yield Municipal A ACTHX

Morningstar Analyst Rating
Quantitative rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 8.86  /  0.32 %
  • Total Assets 8.2 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.980%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.58%
  • Effective Duration 10.96 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis ACTHX

Will ACTHX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ACTHX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ACTHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ACTHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Invesco High Yield Municipal A's Average People Pillar and Process Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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