IROCInvesco Rochester High Yield Municipal ETF

Get incomeRanked #1,566 of 1,622 in this goal

Seeks current income exempt from federal income tax.

Annual Cost

—

#5,562 of 5,562 · expensive

Fund Size

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#5,562 of 5,562 · small

Dividend YieldGoal

—

Track Record

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#5,562 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,686+6.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 40.0% of fund✓ well diversified

New York (City of), NY Transitional Finance Authority

14.1%

New York City Transitional Finance Authority Future Tax Secured Revenue

7.0%

New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare)

7.0%

Lower Alabama Gas District (The)

2.3%

New York City Transitional Finance Authority Future Tax Secured Revenue

2.1%

New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)

1.6%

Black Belt Energy Gas District

1.5%

Cleveland-Cuyahoga County Port Authority

1.5%

District of Columbia Tobacco Settlement Financing Corp.

1.5%

New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)

1.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.0%Low

Year-on-year price swings

Max drawdown

-4.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.44Below average

Sortino (3Y)

0.60Moderate downside risk

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks current income exempt from federal income tax.
Strategy: Actively managed ETF investing primarily in municipal securities with tax-exempt income. Focuses on higher yielding medium- and lower-grade municipal securities, including some below investment grade, while using derivatives for leverage and risk management.