ISHFX Performance — Invesco Short Duration High Yield Municipal Fund, Class R5
Data updated: 2026-07-30
ISHFX returned +2.30% year to date and +6.63% over one year to May 2026. Annualised returns are +5.32% over 3 years and +1.98% over 5 years. The fund trailed its High Yield Bond category average: $100 invested three years ago grew to $117, against $126 for the category, and to $107 over one year, against $107. Volatility over the past three years was 3.73% a year. In the 12 months to May 2026 the fund took in a net $237.2M, and assets reached $1.53B.
ISHFX Growth of $100
What $100 invested in Invesco Short Duration High Yield Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | ISHFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $117 | $126 |
| 5 years (Jun 2021 – May 2026) | $110 | $120 |
| Since data start (Sep 2019 – May 2026) | $115 | $132 |
ISHFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.30% |
| 1 year | +6.63% |
| 3 years (annualised) | +5.32% |
| 5 years (annualised) | +1.98% |
ISHFX Annual Returns
Calendar-year total returns of Invesco Short Duration High Yield Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.30% |
| 2025 | +3.86% |
| 2024 | +6.49% |
| 2023 | +4.96% |
| 2022 | −9.11% |
| 2021 | +5.94% |
| 2020 | −0.01% |
| 2019 (Sep–Dec) | +0.60% |
ISHFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.2% | −1.2% | +1.0% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −0.9% | −1.1% | +0.3% | +0.6% | −0.6% | +0.8% | +1.7% | +0.7% | +0.6% | +0.3% |
| 2024 | +0.8% | +0.5% | +0.7% | −0.4% | +0.6% | +1.9% | +0.9% | +0.5% | +1.1% | −0.6% | +1.1% | −0.6% |
| 2023 | +2.0% | −1.3% | +0.9% | +0.2% | −0.2% | 0.0% | +0.3% | −0.2% | −1.7% | −1.2% | +4.1% | +2.0% |
| 2022 | −1.5% | −0.6% | −2.8% | −2.1% | +0.2% | −2.0% | +2.0% | −1.1% | −3.2% | −1.1% | +3.0% | −0.1% |
| 2021 | +1.6% | −0.4% | +0.6% | +1.1% | +0.8% | +0.8% | +0.8% | −0.2% | −0.5% | −0.2% | +1.1% | +0.4% |
| 2020 | +1.6% | +1.4% | −9.6% | −2.7% | +1.9% | +2.5% | +1.4% | +0.6% | +0.2% | −0.1% | +1.8% | +1.6% |
| 2019 | — | — | — | — | — | — | — | — | −0.2% | +0.1% | +0.3% | +0.4% |
ISHFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.73%
- 3-year Sharpe ratio: 0.22 (vs 4.5% risk-free rate)
- Best month: +4.06% (Nov 2023)
- Worst month: −1.70% (Sep 2023)
ISHFX Fund Flows
Monthly money in and out of Invesco Short Duration High Yield Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: $237.2M
- 12-month gross sales (incl. reinvestments): $801.0M
- Sales ÷ redemptions: 1.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $40.6M | $19.6M | $21.0M |
| Apr 2026 | $55.1M | $38.1M | $17.1M |
| Mar 2026 | $53.0M | $34.6M | $18.4M |
| Feb 2026 | $37.3M | $39.8M | −$2.5M |
| Jan 2026 | $46.6M | $79.0M | −$32.4M |
| Dec 2025 | $152.0M | $54.2M | $97.8M |
| Nov 2025 | $52.2M | $40.9M | $11.3M |
| Oct 2025 | $72.7M | $68.9M | $3.7M |
| Sep 2025 | $62.3M | $38.4M | $23.9M |
| Aug 2025 | $98.9M | $62.3M | $36.5M |
| Jul 2025 | $61.8M | $51.9M | $9.9M |
| Jun 2025 | $68.3M | $36.1M | $32.3M |
ISHFX Assets Under Management
Net assets of Invesco Short Duration High Yield Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.53B |
| 2026-02-28 | $1.48B |
| 2025-11-30 | $1.40B |
| 2025-08-31 | $1.34B |
| 2025-05-31 | $1.27B |
| 2025-02-28 | $1.26B |
| 2024-11-30 | $1.23B |
| 2024-08-31 | $1.20B |
| 2024-05-31 | $1.17B |
| 2024-02-29 | $1.24B |
| 2023-11-30 | $1.30B |
| 2023-08-31 | $1.29B |
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.