Invesco Limited Term Municipal Income R6
ATFSX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.- CEO
- Robert N. Stein
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Houston, TX 77046 Chicago IL United States of America 60606
- IPO Date
- Apr 4, 2017
- CIK
- 0000909466
- Website
- astorim.com
- Similar Companies
- Business
- Invesco Limited Term Municipal Income Fund Class R6 (ATFSX) is an open-end mutual fund that seeks to provide federal tax-exempt current income consistent with the preservation of capital by investing primarily in a portfolio of short- to intermediate-term, investment-grade municipal securities exempt from federal personal income taxes and the federal alternative minimum tax; at least 80% of its net assets are normally invested in such debt securities, including municipal bonds, notes, and variable rate demand obligations, with an emphasis on mid credit quality and limited interest-rate sensitivity. The fund holds a diversified portfolio of approximately 816 securities, predominantly US municipal tax-exempt bonds (98.61% allocation), with top holdings including Atlanta GA Water & Wastewater Revenue bonds, PEFA Inc Iowa Gas Project Revenue bonds, Black Belt Energy Gas District Alabama Gas Project Revenue bonds, Omaha Public Power District Nebraska Electric Revenue bonds, and State of Texas bonds; it maintains total net assets of approximately $2.72 billion, with the R6 share class representing $472.54 million and a net expense ratio of 0.28%. Launched on April 4, 2017, for the R6 share class as part of the broader Invesco Limited Term Municipal Income Fund established in 2002 and domiciled in the United States, the fund is available primarily to US institutional investors with a minimum initial investment of $1 million and is managed by a team including Mark Paris and Julius Williams (since 2015), among others. The fund operates within the Muni National Short category, targeting tax-sensitive investors seeking monthly income from investment-grade municipal debt with durations typically under five years and effective duration around 4-5 years, benchmarked against the S&P Municipal Bond Investment Grade Short Intermediate Total Return Index. Geographically, its investments focus on US municipal issuers across states such as Georgia, Iowa, Alabama, Nebraska, and Texas, spanning sectors like water and wastewater revenue, gas projects, electric revenue, and general state obligations. Invesco Ltd., the fund's adviser and a global investment management firm headquartered in Atlanta, Georgia, oversees distribution through various share classes including A (ATFAX), Y (ATFYX), and R6, with no front-end or deferred loads applicable to R6 shares. Recent developments include robust municipal fund inflows totaling $16.2 billion in Q3 2025 and $31.8 billion year-to-date, supporting the fund's asset growth amid favorable market conditions for tax-exempt short-term munis; Invesco conducted tender offers in December 2024 for related closed-end municipal funds like Invesco Trust for Investment Grade New York Municipals (VTN) and Invesco Pennsylvania Value Municipal Income Trust (VPV), accepting shares at 99% of NAV to enhance shareholder liquidity. In September 2024, Invesco amended fundamental investment restrictions for multiple funds, including municipal strategies, to standardize policies across its complex, remove non-standard limits on diversification, borrowing, and control investments, and align with regulatory updates for greater operational flexibility without material impacts to current management. Additionally, Invesco expanded its municipal offerings with launches such as the EURO STOXX 50 Equal Weight UCITS ETF and other fixed-income products in 2025, while navigating portfolio manager transitions in related international strategies.