Invesco High Yield Muni C
AIM Tax Exempt Funds11 Greenway Plaza,Suite 100Houston, TX 77046
Map
Phone: 800-959-4246
| Category: | High Yield Muni | | Fund Family: | Invesco | | Net Assets: | 7.26B | | Year-to-Date Return: | 1.30% | | Yield: | 4.80% | | Morningstar Rating: |  | | Fund Inception Date: | Dec 9, 1993 |
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James Phillips
Lead Manager since Mar 30, 2002 | | | Mr. Phillips joined Invesco in 2010. Before joining the firm, Mr. Phillips was a portfolio manager for municipal strategies at Van Kampen, which he joined in 1991. He also served as a credit analyst and has specialized in researching nonrated municipal bonds across all sectors. Previously, he was at the Federal Deposit Insurance Corporation in Houston, where he managed a portfolio of distressed bank assets. He started in the municipal bond market at Underwood, Neuhaus & Co. in Houston, structuring municipal bond issues in the health care, senior living and special tax sectors. He entered the industry in 1985. Mr. Phillips earned a Bachelor of Arts degree in American literature from Empire State College, the independent study division of the State University of New York, and a Master of Business Administration degree in Finance from the State University of New York at Albany. |
| Min Initial Investment: | 1,000 | | Min Initial Investment, IRA: | 1,000 | | Min Initial Investment, AIP: | 50 | | Min Subsequent Investment: | 50 | | Min Subsequent Investment, IRA: | 50 | | Min Subsequent Investment, AIP: | 50 |
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| The investment seeks federal tax-exempt current income and taxable capital appreciation.
The fund normally invests at least 80% of its assets (plus any borrowings for investment purposes) in municipal securities. It invests at least 75% of its net assets in high yield securities, specifically medium- and lower-grade municipal securities. The fund may invest all or a substantial portion of its assets in municipal securities that are subject to the federal alternative minimum tax. |
| Last Dividend
(May 30, 2013)
:
| 0.04 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(Jun 3, 2013)
:
| 16.00% | | Average for Category: | 21.47% |
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| Expense | ACTFX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 1.60% | 1.00% | | Prospectus Net Expense Ratio: | 1.60% | N/A | | Prospectus Gross Expense Ratio: | 1.68% | N/A | | Max 12b1 Fee: | 1.00% | N/A | | Max Front End Sales Load: | N/A | 3.93% | | Max Deferred Sales Load:
| 1.00% | 2.37% | | 3 Yr Expense Projection*: | 530 | 503 | | 5 Yr Expense Projection*: | 913 | 746 | | 10 Yr Expense Projection*: | 1,987 | 1,432 |
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0.02(0.20%) Jun 19