ETF overview
The Invesco Rochester High Yield Municipal ETF (IROC) is an actively managed exchange-traded fund designed to generate current income, which is exempt from federal income tax. Under typical market conditions, the fund pursues this objective by allocating a minimum of 75% of its net assets to higher-yielding municipal debt, specifically those considered medium or lower-grade in quality. Ordinarily, its portfolio maintains a weighted average duration of less than 7.5 years. Notably, effective February 24, 2025, the fund will solidify its strategy to invest at least 75% of its total assets in low-to-medium quality municipal securities. At this time, its ticker will officially become 'IROC', while its name, 'Invesco Rochester High Yield Municipal ETF', will be confirmed. Furthermore, for a defined period between July 1, 2025, and June 30, 2026, Invesco Capital Management LLC, the adviser, has committed to a voluntary 100% waiver of its 0.39% management fee. Consequently, the fund's net expense ratio will be 0.00% throughout this specific timeframe.
Fund facts
- Expense ratio
- 0.40%
- Fund assets
- 196.15M USD (all share classes)
- Issuer
- Invesco
- Inception date
- Dec 9, 2022
- Number of holdings
- 192
Breakdown
Holdings (192)
| Name | Ticker | Weight |
|---|---|---|
| Kentucky Public Energy Authority 5.00% 05/01/2036 | 1.29% | |
| Hudson County Improvement Authority 6.25% 06/15/2046 | 1.10% | |
| New Hampshire Business Finance Authority 6.40% 12/01/2037 | 1.03% | |
| City of Cleveland OH 5.38% 09/15/2027 | 1.03% | |
| Monterey Peninsula Unified School District 5.00% 08/01/2041 | 1.03% | |
| Washington Suburban Sanitary Commission 1.00% 06/01/2027 | 1.03% | |
| Gulf Coast Industrial Development Authority 0.95% 11/01/2041 | 1.03% | |
| City of New York NY 1.00% 12/01/2047 | 1.03% | |
| Orlando Utilities Commission 0.95% 10/01/2056 | 1.03% | |
| City of Seattle WA Municipal Light & Power Revenue 0.90% 08/01/2056 | 1.03% | |
| and 179 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
Invesco Rochester High Yield Municipal ETF (IROC)
- Expense ratio
- 0.40%
- Fund assets
- 196.15M USD (all share classes)
- Issuer
- Invesco
- Inception date
- Dec 9, 2022
- Number of holdings
- 192
| Name | Ticker | Weight |
|---|---|---|
| Kentucky Public Energy Authority 5.00% 05/01/2036 | 1.29% | |
| Hudson County Improvement Authority 6.25% 06/15/2046 | 1.10% | |
| New Hampshire Business Finance Authority 6.40% 12/01/2037 | 1.03% | |
| City of Cleveland OH 5.38% 09/15/2027 | 1.03% | |
| Monterey Peninsula Unified School District 5.00% 08/01/2041 | 1.03% | |
| Washington Suburban Sanitary Commission 1.00% 06/01/2027 | 1.03% | |
| Gulf Coast Industrial Development Authority 0.95% 11/01/2041 | 1.03% | |
| City of New York NY 1.00% 12/01/2047 | 1.03% | |
| Orlando Utilities Commission 0.95% 10/01/2056 | 1.03% | |
| City of Seattle WA Municipal Light & Power Revenue 0.90% 08/01/2056 | 1.03% | |
| and 179 more | ||
The Invesco Rochester High Yield Municipal ETF (IROC) is an actively managed exchange-traded fund designed to generate current income, which is exempt from federal income tax. Under typical market conditions, the fund pursues this objective by allocating a minimum of 75% of its net assets to higher-yielding municipal debt, specifically those considered medium or lower-grade in quality. Ordinarily, its portfolio maintains a weighted average duration of less than 7.5 years. Notably, effective February 24, 2025, the fund will solidify its strategy to invest at least 75% of its total assets in low-to-medium quality municipal securities. At this time, its ticker will officially become 'IROC', while its name, 'Invesco Rochester High Yield Municipal ETF', will be confirmed. Furthermore, for a defined period between July 1, 2025, and June 30, 2026, Invesco Capital Management LLC, the adviser, has committed to a voluntary 100% waiver of its 0.39% management fee. Consequently, the fund's net expense ratio will be 0.00% throughout this specific timeframe.
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