About ISHFX
Invesco Short Duration High Yield Municipal Fund Class R5 is an open-end municipal bond fund focused on generating federally tax‑exempt current income from a portfolio of shorter‑duration, medium‑ and lower‑grade municipal securities. The strategy emphasizes high yield and selected investment‑grade bonds with an option‑adjusted duration profile designed to reduce interest rate sensitivity relative to traditional long‑maturity muni funds. The portfolio is broadly diversified across revenue-backed sectors and general obligation issuers, with hundreds of holdings and significant exposure to non‑rated bonds, reflecting the manager’s research-intensive approach to uncovering relative value in niche municipal markets. Top exposures by state have included Florida, Texas, New York, Puerto Rico, and California, underscoring a nationwide footprint across essential services, transportation, utilities, healthcare, and specialty financings. The fund is benchmarked to a custom blend of high yield and short municipal bond indexes and distributes income monthly, aligning with its income‑oriented mandate. Managed by a large, specialized municipal team, it applies internal credit ratings, on‑site diligence for high yield and non‑rated issuances, and disciplined risk controls to pursue consistent, tax‑advantaged income.
Fund Family Invesco
Category High Yield Muni
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol ISHFX
Index S&P Municipal Bond High Yield TR USD
ISHFX had a total return of 6.96% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.25%.
