IOITX: Invesco Oppenheimer Intermediate Term Municipal Fund

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IOITX Invesco Oppenheimer Intermediate Term Municipal Fund

Profile

IOITX - Profile

Vitals

  • YTD Return -4.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $210 M
  • Holdings in Top 10 15.6%

52 WEEK LOW AND HIGH

$4.37
$4.19
$4.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.90%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Intermediate Term Municipal Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Camarella

Fund Description

The fund invests at least 80% of its net assets in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual and, as applicable, the fund's state income tax. It will not invest more than 5% of its net assets in securities that produce income subject to the alternative minimum tax. The fund invests in municipal securities issued by the governments of states, their political subdivisions and the District of Columbia, or by their agencies, instrumentalities and authorities.

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Categories

IOITX - Mutual Fund Categories

Developed Market
North America
Monthly Income
Active
No Load
U.S.
Total Bond Market
Muni National Bond
Municipal Bond
National Mid-Term Municipal Bond
U.S. Investment-Grade Bond
Performance

IOITX - Performance

Return Ranking - Trailing

Period IOITX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -31.4% 945.6% 94.33%
1 Yr N/A -25.1% 973.3% 16.58%
3 Yr N/A* -10.3% 120.4% 3.20%
5 Yr N/A* -5.3% 60.3% 2.30%
10 Yr N/A* -5.2% 3.6% N/A

* Annualized

Return Ranking - Calendar

Period IOITX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -12.4% 0.8% N/A
2017 N/A -6.0% 20.3% N/A
2016 N/A -7.8% 8.6% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period IOITX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -31.4% 945.6% 94.33%
1 Yr N/A -25.1% 973.3% 14.88%
3 Yr N/A* -7.5% 120.4% 3.04%
5 Yr N/A* -5.3% 60.3% 2.30%
10 Yr N/A* -5.1% 6.7% N/A

* Annualized

Total Return Ranking - Calendar

Period IOITX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -11.7% 3.1% N/A
2017 N/A -6.0% 27.0% N/A
2016 N/A -7.8% 10.7% N/A
2015 N/A -14.2% 4.2% N/A

NAV & Total Return History

Holdings

IOITX - Holdings

Concentration Analysis

IOITX Category Low Category High IOITX % Rank
Net Assets 210 M 634 K 264 B 70.94%
Number of Holdings 267 1 17920 54.69%
Net Assets in Top 10 32.6 M -587 M 20.8 B 76.20%
Weighting of Top 10 15.60% 2.3% 100.0% 67.51%

Top 10 Holdings

  1. COWETA CNTY GA DEV AUTH POLLUTN CTL REV 0.2% 1.91%
  2. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 1.76%
  3. PENNSYLVANIA ST TPK COMMN TPK REV 5% 1.73%
  4. STATE PUB SCH BLDG AUTH PA LEASE REV 5% 1.71%
  5. CHICAGO ILL O HARE INTL ARPT REV 5% 1.60%
  6. LOUISIANA PUB FACS AUTH REV 5% 1.44%
  7. BALTIMORE MD PROJ REV 5% 1.44%
  8. BIRMINGHAM JEFFERSON ALA CIVIC CTR AUTH SPL TAX 5% 1.37%
  9. METROPOLITAN TRANSN AUTH N Y REV 5.25% 1.33%
  10. TOBACCO SETTLEMENT FING CORP N J 3.2% 1.31%

Asset Allocation

Weighting Return Low Return High IOITX % Rank
Bonds 		100.24% 71.08% 159.74% 8.15%
Stocks 		0.00% -0.38% 18.10% 38.65%
Preferred Stocks 		0.00% 0.00% 9.11% 44.57%
Other 		0.00% -27.60% 31.83% 41.15%
Convertible Bonds 		0.00% 0.00% 7.31% 64.99%
Cash 		-0.24% -59.74% 27.48% 89.92%

Bond Sector Breakdown

Weighting Return Low Return High IOITX % Rank
Municipal 		100.00% 0.00% 100.11% 1.45%
Derivative 		0.00% -0.83% 31.72% 43.09%
Cash & Equivalents 		0.00% -26.49% 24.02% 95.38%
Securitized 		0.00% 0.00% 98.72% 69.46%
Corporate 		0.00% 0.00% 99.41% 74.08%
Government 		0.00% -2.21% 100.00% 71.40%

Bond Geographic Breakdown

Weighting Return Low Return High IOITX % Rank
US 		100.24% 58.40% 156.78% 4.90%
Non US 		0.00% -38.91% 29.50% 87.76%
Expenses

IOITX - Expenses

Operational Fees

IOITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 34.57% 44.58%
Management Fee 0.59% 0.00% 1.25% 96.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

IOITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

IOITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IOITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 489.00% 4.96%
Distributions

IOITX - Distributions

Dividend Yield Analysis

IOITX Category Low Category High IOITX % Rank
Dividend Yield 0.48% 0.00% 6.20% 11.95%

Dividend Distribution Analysis

IOITX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

IOITX Category Low Category High IOITX % Rank
Net Income Ratio 2.90% -0.71% 6.02% 29.45%

Capital Gain Distribution Analysis

IOITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +
Fund Manager Analysis

IOITX - Fund Manager Analysis

Managers

Michael Camarella

Start Date

Tenure

Tenure Rank

Dec 06, 2010

9.41

9.4%

Mr. Camarella has been a Vice President and Senior Portfolio Manager of the OppenheimerFunds Inc since January 2011. He was an Assistant Vice President of OppenheimerFunds Inc from July 2009 to December 2010 and an Associate Portfolio Manager with OppenheimerFunds Inc from January 2008 to December 2010. Camarella has been a research analyst of OppenheimerFunds since February 2006. Camarella was a credit analyst of the manager from June 2003 to January 2006. Prior to joining the firm, he was employed as an investment banking analyst for Wachovia Securities in Charlotte, North Carolina.

Mark Paris

Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.86

0.9%

Mark Paris serves as Senior Portfolio Manager and Head of Portfolio Management and Trading for Invesco Municipal Bond Team. Mr. Paris entered the industry in 1990 and joined Invesco in 2010. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the Municipal Fixed Income team at Morgan Stanley, which he joined in 2002. He also was previously a trader/portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank and a trader/underwriter at NatWest Bank. Mr. Paris earned a BBA degree in finance from Baruch College – The City University of New York (CUNY). He holds the Series 7, 24, 79, 53 and 63 registrations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.42 0.33

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