IROC was created on 2022-12-09 by Invesco. The fund's investment portfolio concentrates primarily on high yield fixed income. The ETF currently has 99.81m in AUM and 103 holdings. IROC is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold low- to medium-quality municipal securities while aiming for a dollar-weighted average portfolio duration of less than 7.5 years.