Invesco Rochester High Yield Municipal ETF Price & Performance (IROC)

The Invesco Rochester® AMT-Free New York Municipal Fund Class A shares reported underperformance compared to the S&P Municipal Bond New York 5+ Year Investment Grade Index during Q4 2024. Utilizing a collaborative management approach, the fund’s team emphasized a bottom-up credit process to address market inefficiencies.1

Invesco’s Municipal Bond team leverages its size and experience to identify optimal investment opportunities. The team employs a bottom-up fundamental credit analysis, integrating macroeconomic factors to enhance investment outcomes. Despite these efforts, the fund’s Q4 performance lagged behind its style-specific index.1

The Invesco Rochester® AMT-Free New York Municipal Fund integrates macroeconomic analysis with issuer creditworthiness assessments in its investment strategy. This approach aims to exploit market inefficiencies, though the fund’s recent performance fell short of its benchmark index.1