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
US00141A2978
Sep 29, 2015
$1,000
Expense Ratio
ISHYX features an expense ratio of 0.59%, falling within the medium range.
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 0.39% year-to-date (YTD) and 6.13% in the last 12 months.
ISHYX
0.39%
0.60%
1.59%
6.13%
1.02%
N/A
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of ISHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.39% | 0.39% | |||||||||||
| 2024 | 0.78% | 0.46% | 0.67% | -0.39% | 0.57% | 1.87% | 0.90% | 0.49% | 1.11% | -0.66% | 1.13% | -0.66% | 6.43% |
| 2023 | 2.05% | -1.26% | 0.76% | 0.23% | -0.09% | 0.01% | 0.33% | -0.62% | -1.72% | -1.20% | 4.09% | 1.77% | 4.30% |
| 2022 | -1.39% | -0.55% | -2.78% | -2.17% | 0.33% | -2.14% | 2.10% | -1.13% | -3.24% | -1.08% | 2.85% | 0.01% | -8.99% |
| 2021 | 1.56% | -0.36% | 0.69% | 1.07% | 0.78% | 0.77% | 0.67% | -0.17% | -0.36% | -0.17% | 1.06% | 0.30% | 5.99% |
| 2020 | 1.49% | 1.38% | -9.48% | -2.79% | 1.77% | 2.66% | 1.41% | 0.50% | 0.21% | -0.09% | 1.79% | 1.48% | -0.31% |
| 2019 | 0.59% | 0.87% | 1.35% | 0.67% | 1.14% | 0.57% | 0.38% | 1.31% | -0.17% | 0.19% | 0.30% | 0.38% | 7.84% |
| 2018 | -0.28% | 0.01% | 0.30% | 0.01% | 1.07% | 0.20% | 0.49% | 0.20% | -0.27% | -0.66% | 0.40% | 0.79% | 2.26% |
| 2017 | 0.60% | 0.89% | 0.69% | 0.59% | 1.37% | 0.11% | 0.78% | 0.97% | 0.49% | 0.20% | 0.20% | 1.18% | 8.35% |
| 2016 | 0.88% | 0.10% | 0.69% | 1.76% | 0.58% | 1.53% | 0.38% | 0.57% | -0.19% | -0.76% | -3.16% | 0.40% | 2.72% |
| 2015 | 0.60% | 0.60% | 0.79% | 2.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 87, ISHYX is among the top 13% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 4.45% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.38 | $0.37 | $0.38 | $0.37 | $0.37 | $0.37 | $0.40 | $0.36 | $0.03 |
Dividend yield | 4.45% | 4.40% | 4.06% | 3.98% | 3.61% | 3.59% | 3.45% | 3.58% | 3.79% | 3.56% | 0.29% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 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 | $0.38 |
| 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 | $0.37 |
| 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 | $0.38 |
| 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 | $0.37 |
| 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 | $0.37 |
| 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 | $0.37 |
| 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 | $0.40 |
| 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 | $0.36 |
| 2015 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 0.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.64% | Mar 2, 2020 | 16 | Mar 23, 2020 | 292 | May 19, 2021 | 308 |
| -12.01% | Jan 5, 2022 | 203 | Oct 25, 2022 | 444 | Aug 2, 2024 | 647 |
| -4.55% | Sep 2, 2016 | 65 | Dec 5, 2016 | 121 | May 31, 2017 | 186 |
| -1.56% | Dec 10, 2024 | 8 | Dec 19, 2024 | — | — | — |
| -1.39% | Oct 4, 2024 | 24 | Nov 6, 2024 | 16 | Nov 29, 2024 | 40 |
Volatility
Volatility Chart
The current Invesco Short Duration High Yield Municipal Fund volatility is 0.84%, 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.