Invesco Short Duration High Yield Municipal Fund (ISHYX)
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities at the time of investment. It invests at least 75% of its net assets in higher yielding municipal securities, specifically medium- and lower-grade municipal securities. The fund may not, however, invest more than 25% of its net assets in industrial development revenue bonds issued for companies in the same industry.
Fund Info
| ISIN | US00141A2978 |
|---|---|
| Issuer | Invesco |
| Inception Date | Sep 29, 2015 |
| Category | High Yield Muni |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Invesco Short Duration High Yield Municipal Fund has a high expense ratio of 0.59%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Short Duration High Yield Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Short Duration High Yield Municipal Fund had a return of 1.07% year-to-date (YTD) and 3.82% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.07% | 5.84% |
| 1 month | -0.50% | -2.98% |
| 6 months | 7.34% | 22.02% |
| 1 year | 3.82% | 24.47% |
| 5 years (annualized) | 1.16% | 11.44% |
| 10 years (annualized) | N/A | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.79% | 0.46% | 0.67% | |||||||||
| 2023 | -1.71% | -1.20% | 4.09% | 1.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Invesco Short Duration High Yield Municipal Fund(ISHYX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Short Duration High Yield Municipal Fund (ISHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Short Duration High Yield Municipal Fund granted a 4.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.38 | $0.37 | $0.38 | $0.37 | $0.37 | $0.37 | $0.40 | $0.36 | $0.03 |
Dividend yield | 4.13% | 4.07% | 3.96% | 3.58% | 3.58% | 3.45% | 3.59% | 3.80% | 3.60% | 0.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Short Duration High Yield Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Short Duration High Yield Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Short Duration High Yield Municipal Fund was 13.64%, occurring on Mar 23, 2020. Recovery took 292 trading sessions.
The current Invesco Short Duration High Yield Municipal Fund drawdown is 4.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.64% | Mar 2, 2020 | 16 | Mar 23, 2020 | 292 | May 19, 2021 | 308 |
| -12.03% | Jan 5, 2022 | 203 | Oct 25, 2022 | — | — | — |
| -4.54% | Sep 2, 2016 | 65 | Dec 5, 2016 | 121 | May 31, 2017 | 186 |
| -1.18% | Aug 6, 2021 | 56 | Oct 25, 2021 | 25 | Nov 30, 2021 | 81 |
| -1.04% | Sep 4, 2018 | 27 | Oct 10, 2018 | 55 | Dec 31, 2018 | 82 |
Volatility
Volatility Chart
The current Invesco Short Duration High Yield Municipal Fund volatility is 0.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.