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Morningstar

Invesco Limited Term Municipal Income A ATFAX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 10.76  /  0.08 %
  • Total Assets 3.1 Bil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.72%
  • Effective Duration 3.95 years

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:16 PM GMT+0

Morningstar’s Analysis ATFAX

Will ATFAX 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 ATFAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ATFAX 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 ATFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Invesco Limited Term Municipal Income A to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ATFAX

More ATFAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 756
  • Other Holdings 13
  • % Assets in Top 10 Holdings 8.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HOUSTON TEX UTIL SYS REV 5%

1.32
42,483,095
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4%

1.29
41,547,440
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 5.25%

1.24
39,980,294
Cash and Equivalents

MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV 5%

0.84
27,049,414
municipal

WASHINGTON ST HEALTH CARE FACS AUTH REV 5%

0.83
26,521,185
municipal

TEXAS ST 5%

0.80
25,808,262
municipal

RIB FLOATER TR VARIOUS STS 4.36%

0.79
25,390,000
municipal

ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5%

0.78
25,096,630
municipal

COLORADO HEALTH FACS AUTH REV 5%

0.66
21,283,654
municipal

MET GOVT NASHVILLE & DAVIDSON CNTY TENN H & E FACS BRD REV 5%

0.66
21,133,791
municipal