Invesco Rochester High Yield Fund (IROC)
BATS BATS Primary Summary
IROC Chart
Invesco Rochester High Yield Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 5,746 | $288,977.97 | $294,191.75 | $5,213.78 | 1.8% |
 Able Financial Group LLC ABLE Financial Group, LLC | 53,633 | $2.72M | $2.73M | $15,757.91 | 0.58% |
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Invesco Rochester High Yield Fund Profile
| BATS Exchange | US Country |
Overview
The fund in discussion is an actively managed Exchange-Traded Fund (ETF) that primarily focuses on investing in municipal securities and other investments that generate income exempt from federal income taxes. It emphasizes adhering to an investment strategy that involves allocating at least 80% of its net assets, in addition to any borrowings for investment purposes, into these tax-exempt vehicles. This fund differentiates itself by adopting an active management approach to navigate and exploit the municipal bond market, aiming to provide favorable returns to its investors while maintaining tax efficiency. Despite its focus on municipal securities, it is classified as non-diversified, implying that it may invest a larger proportion of its assets in fewer issuers than a diversified fund.
Products and Services
- Municipal Securities
Investment in municipal securities constitutes the foundation of the fund's portfolio. These securities, often referred to as "munis," are primarily issued by state, county, and local governments to finance public projects. The income generated from these investments is typically exempt from federal income taxes, and in some cases, state and local taxes, making them an attractive option for investors seeking tax-efficient income. By investing in munis, the fund aims to offer its investors a steady stream of tax-exempt income, aligning with its investment objective.
- Derivatives and Similar Instruments
In addition to municipal securities, the fund incorporates derivatives and other financial instruments that mimic the economic characteristics of munis into its portfolio. These can include futures, options, and swaps that are tied to the performance of municipal bonds or related indexes. This strategy allows the fund to potentially enhance returns or manage risk more effectively compared to investing directly in municipal securities alone. However, it's important for investors to note that derivatives can introduce additional risks, including leverage risk, liquidity risk, and counterparty risk, which the fund actively manages through its investment strategy.
