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Invesco Rochester High Yield Municipal ETF (IROC)
About this ETF
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…
Price
Top 10 holdings
| CASH & EQUIVALENTS | 2.53% |
| New Mexico Hospital Equipment Loan Council 3.25% 08/01/2034 | 1.51% |
| Development Authority of Burke County/The 3.30% 11/01/2052 | 1.51% |
| Washington Suburban Sanitary Commission 3.25% 06/01/2027 | 1.51% |
| Connecticut State Health & Educational Facilities Authority 1.90% 07/01/2042 | 1.51% |
| Black Belt Energy Gas District 5.00% 11/01/2036 | 1.19% |
| Central Plains Energy Project 5.00% 09/01/2042 | 1.16% |
| Connecticut State Health & Educational Facilities Authority 6.25% 12/15/2053 | 1.15% |
| South Carolina Jobs-Economic Development Authority 5.75% 11/15/2054 | 1.15% |
| Bucks County Industrial Development Authority 5.00% 07/01/2054 | 1.14% |
Sector mix
Price chart
Returns
| 1 month | +0.29% |
| 3 months | +0.71% |
| 6 months | +0.53% |
| Year to date | +0.99% |
| 1 year | +2.52% |
| 3 years (ann.) | +0.69% |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 3.20% |
| Sharpe (1y) | 0.79 |
| Sharpe (3y) | 0.20 |
| Sortino (1y) | 1.08 |
| Max drawdown (1y) | -3.06% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -6.98% |
| Beta vs S&P 500 (1y) | 0.06 |
| Correlation vs S&P 500 (1y) | 0.24 |
Technical outlook as of 2026-07-14
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-22 | 2026-06-26 | USD 0.2175 |
| 2026-05-18 | 2026-05-22 | USD 0.2175 |
| 2026-04-20 | 2026-04-24 | USD 0.2175 |
| 2026-03-23 | 2026-03-27 | USD 0.2175 |
| 2026-02-23 | 2026-02-27 | USD 0.2175 |
| 2026-01-20 | 2026-01-23 | USD 0.2175 |
| 2025-12-22 | 2025-12-26 | USD 0.2175 |
| 2025-11-24 | 2025-11-28 | USD 0.2175 |
| 2025-10-20 | 2025-10-24 | USD 0.2175 |
| 2025-09-22 | 2025-09-26 | USD 0.2175 |
| 2025-08-18 | 2025-08-22 | USD 0.2175 |
| 2025-07-21 | 2025-07-25 | USD 0.2205 |
| 2025-06-23 | 2025-06-27 | USD 0.2100 |
| 2025-05-19 | 2025-05-23 | USD 0.1880 |
| 2025-04-21 | 2025-04-25 | USD 0.1903 |
| 2025-03-24 | 2025-03-28 | USD 0.1925 |
| 2025-02-24 | 2025-02-28 | USD 0.1701 |
| 2025-01-21 | 2025-01-24 | USD 0.1701 |
| 2024-12-23 | 2024-12-27 | USD 0.1716 |
| 2024-11-18 | 2024-11-22 | USD 0.1705 |
| 2024-10-21 | 2024-10-25 | USD 0.1726 |
| 2024-09-23 | 2024-09-27 | USD 0.1716 |
| 2024-08-19 | 2024-08-23 | USD 0.1707 |
| 2024-07-22 | 2024-07-26 | USD 0.1702 |
| 2024-06-24 | 2024-06-28 | USD 0.1688 |
| 2024-05-20 | 2024-05-24 | USD 0.1691 |
| 2024-04-22 | 2024-04-26 | USD 0.1704 |
| 2024-03-18 | 2024-03-22 | USD 0.1824 |
| 2024-02-20 | 2024-02-23 | USD 0.1822 |
| 2024-01-22 | 2024-01-26 | USD 0.1819 |
| 2023-12-18 | 2023-12-22 | USD 0.1786 |
| 2023-11-20 | 2023-11-24 | USD 0.1626 |
| 2023-10-23 | 2023-10-27 | USD 0.1655 |
| 2023-09-18 | 2023-09-22 | USD 0.1696 |
| 2023-08-21 | 2023-08-25 | USD 0.1717 |
| 2023-07-24 | 2023-07-28 | USD 0.1717 |
| 2023-06-20 | 2023-06-23 | USD 0.1705 |
| 2023-05-22 | 2023-05-26 | USD 0.1716 |
| 2023-04-24 | 2023-04-28 | USD 0.1715 |
| 2023-03-20 | 2023-03-24 | USD 0.1683 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.00% | -0.14% | -0.02 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.02% | -0.05% | 0.01 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.51% | -2.34% | -0.55 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.01% | 0.01 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.62% | -0.21 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -0.78% | -0.36 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.85% | -0.39% | -0.07 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.26% | -0.64% | -0.13 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.46% | -0.57% | -0.24 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.88% | -1.01% | -0.27 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
