About ACTSX
The Invesco High Yield Municipal Fund Class R6 is a mutual fund focused on delivering **federal tax-exempt income** and the potential for **taxable capital appreciation** by investing predominantly in **medium- and lower-grade municipal securities**. The fund typically allocates at least 80% of its net assets to a broad portfolio of municipal bonds, with a significant emphasis—at least 75%—on higher-yielding, lower-rated issues. This approach aims to enhance the yield compared to traditional investment-grade municipal bond funds, compensating investors for increased credit risk.
The fund holds a highly diversified portfolio, comprising over 1,300 securities with substantial exposure across several states, including New York, Colorado, Florida, California, and Texas. It employs a rigorous, research-driven investment process, assigning forward-looking ratings to each holding and conducting direct evaluations, especially for non-rated and high-yield issuances.
In the broader financial market, the Invesco High Yield Municipal Fund Class R6 plays a critical role for investors seeking tax-efficient income, portfolio diversification, and access to the high-yield municipal bond segment. Its active management and focus on relative value opportunities highlight its importance within the fixed-income asset class, especially for those managing tax liabilities or seeking incremental yield from municipal investments.
Fund Family Invesco
Category High Yield Muni
Stock Exchange NASDAQ
Ticker Symbol ACTSX
Share Class Class R6
Index S&P Municipal Bond High Yield TR USD
ACTSX had a total return of -4.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.05%.
