OPTAX
Mutual Fund
Invesco AMT-Free Municipal Income Fund
Fixed Income
US Fixed Income
Ticker: ISHAX (Class A)
Invesco Short Duration High Yield Municipal Fund
Invests in shorter duration medium- and lower-grade municipal securities.
Reasons to invest
The Invesco Short Duration High Yield Municipal Fund seeks to provide higher levels of tax-free income by purchasing shorter-term high yield and investment grade municipal bonds that are exempt from federal personal income taxes. As the second-largest high yield municipal bond manager1, we use our size and deep experience to provide investors consistent access to bond issues.
Rigorous credit research
We assign forward-looking internal ratings to every holding and conduct site visits on all high yield and non-rated deals.
Experience that matters
We use our knowledge and relationships across the $4 trillion municipal market to uncover and capitalize on relative value opportunities.
Maximize income potential
We endeavor to provide competitive monthly distribution yields with our time-tested risk aware investment process.
FAQ
Get timely answers to important questions regarding this product.
The income produced by municipal bonds is typically exempt from income taxes at the federal level. Municipal bonds may also be exempt from state and local taxes based on where the investor resides.
Our high conviction approach to investing aims to deliver a highly competitive yield by exploiting anomalies that exist in the high yield municipal market. The Invesco Municipal Bond team employs a bottom-up, research-oriented approach to generate income-driven total return. Our experienced credit research staff works to uncover value in non-rated bonds, which may offer the potential for higher yield and total return.
Municipalities have two main reasons for issuing bonds without a credit rating. First, some issues are of higher quality but the rating is foregone because the size or placement of the issue makes it uneconomical to pay for the rating. Second, many non-rated bonds would not meet the rating criteria of the rating agencies, or, if rated, would fall below investment grade (below triple-B).
The following share classes are offered for this fund: Class A, Class C, Class R5, Class R6, Class Y.
Explore related funds
To learn more about our municipal fixed income offerings, explore the funds below.
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Mutual FundInvesco Short Term Municipal Fund
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