ISHFX Fees and Costs — Invesco Short Duration High Yield Municipal Fund, Class R5
Data updated: 2026-07-30
The net expense ratio is 0.55%. There are no sales loads or redemption fees. Portfolio turnover was 29%.
ISHFX Fees and Expenses
Annual operating expenses and sales charges of ISHFX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ISHFX Costs Over Time
On $10,000 invested in ISHFX, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.55%) | $58 | $181 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
ISHFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
ISHFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $238.0M | 28.23% |
| NATIONAL FINANCIAL SERVICES LLC | $177.2M | 21.01% |
| PERSHING LLC | $114.7M | 13.60% |
| WELLS FARGO SECURITIES, LLC | $73.3M | 8.69% |
| MORGAN STANLEY & CO. LLC | $65.8M | 7.80% |
| B. C. ZIEGLER AND CO. | $42.4M | 5.03% |
| D.A. DAVIDSON & CO. | $39.7M | 4.71% |
| MESIROW FINANCIAL, INC. | $32.5M | 3.86% |
| BARCLAYS CAPITAL INC. | $31.5M | 3.73% |
| RBC CAPITAL MARKETS, LLC | $28.1M | 3.33% |
Invesco Short Duration High Yield Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ISHFX | Class R5 | 0.55% | none |
| ISHSX | Class R6 | 0.55% | none |
| ISHYX | Class Y | 0.60% | none |
| ISHAX | Class A | 0.85% | 2.50% |
| ISHCX | Class C | 1.60% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.