IROC

Invesco Rochester High Yield Municipal ETF

$50.84

+0.00%

Market closed. Last update: 10:49 PM ET

📎 Investment Objective

The Invesco Rochester High Yield Municipal ETF (IROC) seeks to provide current income that is exempt from federal income tax.

Overview

ETF tracking Invesco Rochester High Yield Municipal ETF

Category Municipal Bonds

Issuer Invesco

Inception Date 2022-12-09

Market Cap $30.5M

Average Volume N/A

Dividend Yield 3.16%

52-Week Range $49.26 - $51.61

VWAP $50.93

Performance

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Investment Summary

📎 Investment Objective

The Invesco Rochester High Yield Municipal ETF (IROC) seeks to provide current income that is exempt from federal income tax.

🎯 Investment Strategy

The fund invests primarily in high-yield municipal bonds to generate tax-exempt income. The portfolio is actively managed, with the goal of outperforming the Bloomberg Barclays Municipal High Yield Index.

✨ Key Features

Focuses on high-yield municipal bonds, which can provide higher income than investment-grade municipal bonds
Actively managed strategy aims to identify undervalued municipal bond opportunities
Distributions are generally exempt from federal income tax
Low expense ratio of 0.00%

⚠️ Primary Risks

High-yield bonds carry greater credit risk than investment-grade bonds
Interest rate risk as bond prices decline when rates rise
Liquidity risk for less-traded municipal bonds
Concentration in the municipal bond sector

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and willing to take on the higher credit risk of high-yield municipal bonds in exchange for the potential for higher yields. It is best suited for investors with a medium to long-term investment horizon who can tolerate the volatility associated with the high-yield municipal bond market.