Back to top

Should You Buy Invesco High Yield Muninicipal A (ACTHX) Fund?

Read MoreHide Full Article
Invesco High Yield Muni A (ACTHX - Free Report) a Zacks Ranked #1 (Strong Buy) seeks current income exempt from federal income tax and taxable capital appreciation. ACTHX invests a major portion of its assets in municipal securities rated at the time of purchase by Standard & Poors as BBB through CC (inclusive) for bonds or SP-2 or lower for notes, or by Moody's Investors Service as Baa through Ca (inclusive) for bonds or MIG3 or VMIG3 or lower for notes; and unrated municipal securities judged by the fund's investment adviser to be of comparable quality at the time of purchase. ACTHX offers dividends monthly and capital gains annually.

As of the last filing, LA DEPT OF WTR & PWR, PA and JEFFERSON were the top holdings for this Muni Bond fund. 

The Invesco High Yield Muni A fund, managed by Invesco, carries an expense ratio of 0.86, but it does come with a 0.51% management fee.  Moreover, ACTHX requires a minimal initial investment of $1,000.

ACTHX has a history of strong positive total returns for over 10 years.  Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 12.54%, 3 year 6.89%, and 5 year 7.60%.  To see how this fund performed compared in its category, please click here.  

ACTHX’s performance, as of the last filing, when compared to funds in its category was in the top 1% in 1 year, top 2% over the past 3 years, and in the 3% over the past 5 years.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 DaysClick to get this free report >>



In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Invesco High Yield Municipals A (ACTHX) - free report >>


More from Zacks Best of Funds

You May Like