ACTHX Fees and Costs — Invesco High Yield Municipal Fund, Class A
Data updated: 2026-07-30
The net expense ratio is 1.28%: a 0.51% management fee, a 0.25% 12b-1 fee plus 0.52% other expenses. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2026 the fund paid $9K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 26%.
ACTHX Fees and Expenses
Annual operating expenses and sales charges of ACTHX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.28% |
| Fee waiver | — |
| Net expense ratio | 1.28% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ACTHX Costs Over Time
On $10,000 invested in ACTHX, assuming 5% a year before costs, total costs come to $1,305 over 5 years, cutting the return by 2.24% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.28%) | $129 | $400 | $692 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $21 | $87 | $188 |
| Total costs | $575 | $912 | $1,305 |
| Value after costs | $9,925 | $10,664 | $11,458 |
| Impact on return, per year | 5.75% | 2.83% | 2.24% |
ACTHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $7.6B
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
ACTHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $3K | 38.07% |
| VIRTU AMERICAS LLC | $3K | 37.68% |
| CITADEL SECURITIES LLC | $2K | 18.67% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $406 | 4.74% |
| OLD MISSION MARKETS LLC | $72 | 0.84% |
ACTHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $1.1B | 17.40% |
| J.P. MORGAN SECURITIES LLC | $980.5M | 16.17% |
| JEFFERIES LLC | $683.8M | 11.28% |
| MORGAN STANLEY & CO. LLC | $525.7M | 8.67% |
| PERSHING LLC | $519.6M | 8.57% |
| BOFA SECURITIES, INC. | $500.5M | 8.26% |
| BARCLAYS CAPITAL INC. | $497.5M | 8.21% |
| GOLDMAN, SACHS & CO. | $496.1M | 8.18% |
| FMSBONDS, INC. | $408.7M | 6.74% |
| RBC CAPITAL MARKETS, LLC | $395.3M | 6.52% |
Invesco High Yield Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACTNX | Class R5 | 0.99% | none |
| ACTSX | Class R6 | 0.99% | none |
| ACTDX | Class Y | 1.03% | none |
| ACTHX | Class A | 1.28% | 4.25% |
| ACTFX | Class C | 2.02% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.