Invesco Short Duration High Yield Municipal Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.6%
1 yr return
11.4%
3 Yr Avg Return
0.9%
5 Yr Avg Return
1.3%
Net Assets
$1.29 B
Holdings in Top 10
10.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.68%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ISHFX - Profile
Distributions
- YTD Total Return 6.6%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.50%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco Short Duration High Yield Municipal Fund
-
Fund Family NameINVESCOFDS
-
Inception DateSep 30, 2015
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Paris
Fund Description
ISHFX - Performance
Return Ranking - Trailing
Period | ISHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.6% | -1.0% | 12.0% | 29.90% |
1 Yr | 11.4% | 2.4% | 21.7% | 81.86% |
3 Yr | 0.9%* | -8.2% | 3.1% | 3.52% |
5 Yr | 1.3%* | -5.0% | 3.8% | 49.74% |
10 Yr | N/A* | -0.4% | 155.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | ISHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -6.2% | 7.5% | 84.80% |
2022 | -12.5% | -26.9% | -3.5% | 16.42% |
2021 | 2.2% | -1.9% | 5.6% | 45.45% |
2020 | -3.6% | -4.0% | 4.2% | 95.43% |
2019 | 4.1% | -0.7% | 9.1% | 81.15% |
Total Return Ranking - Trailing
Period | ISHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.6% | -1.0% | 12.0% | 29.90% |
1 Yr | 11.4% | 2.4% | 21.7% | 81.86% |
3 Yr | 0.9%* | -8.2% | 3.1% | 3.52% |
5 Yr | 1.3%* | -5.0% | 3.8% | 49.74% |
10 Yr | N/A* | -0.4% | 155.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ISHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.3% | -4.1% | 10.9% | 75.00% |
2022 | -8.8% | -26.9% | 4.3% | 8.46% |
2021 | 6.3% | -1.9% | 10.0% | 30.81% |
2020 | -1.0% | -2.6% | 8.2% | 96.45% |
2019 | 5.6% | -0.7% | 1028633.9% | 95.29% |
NAV & Total Return History
ISHFX - Holdings
Concentration Analysis
ISHFX | Category Low | Category High | ISHFX % Rank | |
---|---|---|---|---|
Net Assets | 1.29 B | 9.79 K | 16.6 B | 41.58% |
Number of Holdings | 628 | 1 | 3325 | 39.80% |
Net Assets in Top 10 | 118 M | -102 M | 3.51 B | 55.72% |
Weighting of Top 10 | 10.04% | 4.6% | 98.8% | 82.50% |
Top 10 Holdings
- District of Columbia Tobacco Settlement Financing Corp., Series 2001, RB 1.80%
- California (State of) Community Choice Financing Authority (Green Bonds), Series 2022 A-1, RB 1.36%
- Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.), Series 2002, RB 1.01%
- Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds 0.94%
- Children's Trust Fund, Series 2002, RB 0.87%
- PEFA, Inc., Series 2019, RB 0.87%
- Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University), Series 2015, Ref. RB 0.86%
- Broward (County of), FL, Series 2015 A, RB 0.85%
- Illinois (State of) Finance Authority (Rush University Medical Center), Series 2015 A, Ref. RB 0.74%
- New York Transportation Development Corp. (American Airlines, Inc.), Series 2016, Ref. RB 0.74%
Asset Allocation
Weighting | Return Low | Return High | ISHFX % Rank | |
---|---|---|---|---|
Bonds | 97.67% | 0.00% | 146.69% | 67.65% |
Cash | 2.33% | -0.64% | 100.00% | 23.38% |
Stocks | 0.00% | 0.00% | 99.62% | 30.88% |
Preferred Stocks | 0.00% | -47.61% | 0.00% | 2.49% |
Other | 0.00% | -5.59% | 5.07% | 80.10% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 81.59% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ISHFX % Rank | |
---|---|---|---|---|
Basic Materials | 100.00% | 17.58% | 100.00% | 62.50% |
Utilities | 0.00% | 0.00% | 0.00% | 100.00% |
Technology | 0.00% | 0.00% | 0.00% | 100.00% |
Real Estate | 0.00% | 0.00% | 0.00% | 100.00% |
Industrials | 0.00% | 0.00% | 4.78% | 100.00% |
Healthcare | 0.00% | 0.00% | 0.00% | 100.00% |
Financial Services | 0.00% | 0.00% | 0.00% | 100.00% |
Energy | 0.00% | 0.00% | 0.00% | 100.00% |
Communication Services | 0.00% | 0.00% | 0.00% | 100.00% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 100.00% |
Consumer Cyclical | 0.00% | 0.00% | 77.65% | 100.00% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ISHFX % Rank | |
---|---|---|---|---|
US | 0.00% | 0.00% | 99.62% | 31.34% |
Non US | 0.00% | 0.00% | 0.00% | 81.59% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ISHFX % Rank | |
---|---|---|---|---|
Municipal | 91.63% | 0.00% | 100.00% | 90.55% |
Corporate | 0.17% | 0.00% | 2.83% | 44.28% |
Derivative | 0.00% | -7.53% | 2.16% | 72.64% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 87.06% |
Securitized | 0.00% | 0.00% | 22.44% | 79.60% |
Government | 0.00% | 0.00% | 0.09% | 81.09% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ISHFX % Rank | |
---|---|---|---|---|
US | 97.67% | 0.00% | 139.84% | 63.68% |
Non US | 0.00% | 0.00% | 13.35% | 82.09% |
ISHFX - Expenses
Operational Fees
ISHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.68% | 0.22% | 3.44% | 79.31% |
Management Fee | 0.40% | 0.00% | 1.41% | 18.14% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.35% | N/A |
Sales Fees
ISHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
ISHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
ISHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.00% | 2.00% | 121.00% | 51.85% |
ISHFX - Distributions
Dividend Yield Analysis
ISHFX | Category Low | Category High | ISHFX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.71% | 0.00% | 5.94% | 39.71% |
Dividend Distribution Analysis
ISHFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
ISHFX | Category Low | Category High | ISHFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.50% | 1.11% | 5.44% | 30.88% |
Capital Gain Distribution Analysis
ISHFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.038 | OrdinaryDividend |
Aug 30, 2024 | $0.038 | OrdinaryDividend |
Jul 31, 2024 | $0.036 | OrdinaryDividend |
Apr 30, 2024 | $0.034 | OrdinaryDividend |
Mar 28, 2024 | $0.034 | OrdinaryDividend |
Feb 29, 2024 | $0.034 | OrdinaryDividend |
Jan 31, 2024 | $0.034 | OrdinaryDividend |
Dec 29, 2023 | $0.033 | OrdinaryDividend |
Nov 30, 2023 | $0.032 | OrdinaryDividend |
Oct 31, 2023 | $0.032 | OrdinaryDividend |
Sep 29, 2023 | $0.033 | OrdinaryDividend |
Aug 31, 2023 | $0.033 | OrdinaryDividend |
Jul 31, 2023 | $0.032 | OrdinaryDividend |
Jun 30, 2023 | $0.031 | OrdinaryDividend |
May 31, 2023 | $0.031 | OrdinaryDividend |
Apr 28, 2023 | $0.031 | OrdinaryDividend |
Mar 31, 2023 | $0.031 | OrdinaryDividend |
Feb 28, 2023 | $0.031 | OrdinaryDividend |
Jan 31, 2023 | $0.031 | OrdinaryDividend |
Dec 30, 2022 | $0.031 | OrdinaryDividend |
Nov 30, 2022 | $0.030 | OrdinaryDividend |
Oct 31, 2022 | $0.030 | OrdinaryDividend |
Sep 30, 2022 | $0.030 | OrdinaryDividend |
Aug 31, 2022 | $0.030 | OrdinaryDividend |
Jul 29, 2022 | $0.030 | OrdinaryDividend |
Jun 30, 2022 | $0.030 | OrdinaryDividend |
May 31, 2022 | $0.031 | OrdinaryDividend |
Apr 29, 2022 | $0.032 | OrdinaryDividend |
Mar 31, 2022 | $0.032 | OrdinaryDividend |
Feb 28, 2022 | $0.032 | OrdinaryDividend |
Jan 31, 2022 | $0.032 | OrdinaryDividend |
Dec 31, 2021 | $0.032 | OrdinaryDividend |
Nov 30, 2021 | $0.032 | OrdinaryDividend |
Oct 29, 2021 | $0.032 | OrdinaryDividend |
Sep 30, 2021 | $0.032 | OrdinaryDividend |
Aug 31, 2021 | $0.032 | OrdinaryDividend |
Jul 30, 2021 | $0.032 | OrdinaryDividend |
Jun 30, 2021 | $0.032 | OrdinaryDividend |
May 28, 2021 | $0.032 | OrdinaryDividend |
Apr 30, 2021 | $0.032 | OrdinaryDividend |
Mar 31, 2021 | $0.032 | OrdinaryDividend |
Feb 26, 2021 | $0.033 | OrdinaryDividend |
Jan 29, 2021 | $0.032 | OrdinaryDividend |
Dec 31, 2020 | $0.032 | OrdinaryDividend |
Nov 30, 2020 | $0.032 | OrdinaryDividend |
Oct 30, 2020 | $0.032 | OrdinaryDividend |
Sep 30, 2020 | $0.031 | OrdinaryDividend |
Jul 31, 2020 | $0.032 | OrdinaryDividend |
Mar 31, 2020 | $0.031 | OrdinaryDividend |
Feb 28, 2020 | $0.031 | OrdinaryDividend |
Jan 31, 2020 | $0.031 | OrdinaryDividend |
Dec 31, 2019 | $0.031 | OrdinaryDividend |
Nov 29, 2019 | $0.031 | OrdinaryDividend |
Oct 31, 2019 | $0.031 | OrdinaryDividend |
Sep 30, 2019 | $0.031 | OrdinaryDividend |
Aug 30, 2019 | $0.031 | OrdinaryDividend |
ISHFX - Fund Manager Analysis
Managers
Mark Paris
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
Mark Paris is Chief Investment Officer and Head of Municipal Strategies for Invesco Fixed Income. In this capacity, he is responsible for the oversight and implementationof all municipal bond strategies. Mr. Paris entered the financial industry in 1990 and joined Invesco in 2010 when the firm combined with Van Kampen investments. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the muncipal fixed income team at Morgan Stanley/Van Kampen, which he joing in 2002. He also was previously a trader and portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank, and a trader and underwriter at NatWest Bank. Mr. Paris earned a BBA in finance from Baruch College of the City University of New York.
Julius Williams
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
Julius Williams is a Senior Portfolio Manager for Invesco municipal strategies. Mr. Williams entered the industry in 2000. Prior to joining Invesco, he was a portfolio manager and trader for municipal funds at Van Kampen. He joined Invesco in 2010 when the firm combined with Van Kampen. Mr. Williams earned a BA degree in economics and sociology, and a Master of Education degree in educational psychology from the University of Virginia.
James Phillips
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
James Phillips is a Senior Portfolio Manager for Invesco municipal strategies. Mr. Phillips joined Invesco in 2010, when the firm combined with Van Kampen. At Van Kampen, which he joined in 1991, he was a portfolio manager for municipal strategies. 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, 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 BA degree in American literature from Empire State College, the independent study division of the State University of New York, and an MBA in finance from the State University of New York at Albany.
John Connelly
Start Date
Tenure
Tenure Rank
Apr 01, 2016
6.17
6.2%
John Connelly, has been associated with Invesco and/or its affiliates since 2016. From 1994 to 2015, he was employed by Raymond James & Associates, where he served as Senior Vice President of Municipal High Yield Trading from 2012 to 2015. Prior to 2012, he served as Director of the Municipal High Yield Trading Group.
Tim O’Reilly
Start Date
Tenure
Tenure Rank
Apr 01, 2016
6.17
6.2%
Tim O'Reilly is a Portfolio Manager for Invesco Municipal Strategies. Mr. O'Reilly joined Invesco in 2010 when the firm combined with Van Kampen, where he served as a senior unit trust fixed income portfolio manager, with responsibilities that included fixed income trading, risk management and credit analysis. He has a diverse knowledge base, with trading experience in municipals, corporates and equities. He joined Van Kampen in 2001. Mr. O'Reilly earned a BS degree in finance from Eastern Illinois University and an MBA in finance from the University of Illinois at Chicago. He holds the Series 7, 63 and 79 registrations.
John Schorle
Start Date
Tenure
Tenure Rank
Jun 28, 2018
3.93
3.9%
John Schorle, Portfolio Manager, who has been responsible for the Fund since 2018 and has been associated with Invesco and/or its affiliates since 2010.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 21.43 | 7.55 | 2.52 |