About ISHYX
Invesco Short Duration High Yield Municipal Fund Class Y is an actively managed municipal bond mutual fund focused on generating federal tax‑exempt current income with a secondary objective of taxable capital appreciation. The strategy concentrates on shorter‑duration, medium‑ and lower‑grade municipal bonds, seeking to balance higher income potential with reduced interest‑rate sensitivity relative to longer‑duration peers. The portfolio is broadly diversified across hundreds of holdings, predominantly revenue bonds, and maintains an option‑adjusted duration of roughly five years, reflecting its short‑to‑intermediate rate exposure. Notable sector exposures include tobacco settlement, transportation, utilities, and essential services, with top positions such as District of Columbia Tobacco Settlement Financing Corp and various state and local issuers. Managed by an experienced municipal team, the fund employs rigorous bottom‑up credit research, including internal credit ratings and on‑site due diligence, to evaluate both rated and non‑rated issues within the U.S. municipal market. The fund distributes income monthly and is designed for investors seeking tax‑advantaged income from a diversified, research‑driven high yield municipal allocation.
Fund Family Invesco
Category High Yield Muni
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol ISHYX
Index S&P Municipal Bond High Yield TR USD
ISHYX had a total return of 2.39% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.15%.
