IOLRX: Invesco Oppenheimer Limited-Term Government Fund

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IOLRX Invesco Oppenheimer Limited-Term Government Fund


Profile

IOLRX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $866 M
  • Holdings in Top 10 72.6%

52 WEEK LOW AND HIGH

$4.37
$4.35
$4.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

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

BROKERAGE FEES

  • Turnover 54.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.24%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Limited-Term Government Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Clint Dudley

Fund Description

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in debt securities issued by the U.S. government, its agencies and instrumentalities, repurchase agreements on those securities, and in derivatives and other instruments that have economic characteristics similar to such securities. It may invest up to 20% of its net assets in mortgage-backed securities that are not issued or guaranteed by the U.S. government, its agencies or instrumentalities, asset-backed securities, investment grade corporate debt obligations and certain other high quality debt obligations.


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Categories

Performance

IOLRX - Performance

Return Ranking - Trailing

Period IOLRX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -0.1% 1.5% 68.69%
1 Yr N/A -1.5% 4.7% 9.38%
3 Yr N/A* -41.5% 1.3% 7.45%
5 Yr N/A* -27.5% 58.5% 9.68%
10 Yr N/A* -14.9% 25.9% 8.86%

* Annualized

Return Ranking - Calendar

Period IOLRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.4% 3.5% N/A
2018 N/A -80.0% 0.1% N/A
2017 N/A -4.6% 0.0% N/A
2016 N/A -4.7% 900.0% N/A
2015 N/A -3.6% 0.3% N/A

Total Return Ranking - Trailing

Period IOLRX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -0.1% 1.5% 68.69%
1 Yr N/A -1.5% 4.7% 9.38%
3 Yr N/A* -41.5% 2.0% 8.51%
5 Yr N/A* -27.5% 58.5% 9.68%
10 Yr N/A* -14.8% 25.9% 10.13%

* Annualized

Total Return Ranking - Calendar

Period IOLRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.4% 3.7% N/A
2018 N/A -80.0% 2.2% N/A
2017 N/A -4.6% 1.2% N/A
2016 N/A -4.1% 900.0% N/A
2015 N/A -3.6% 3.9% N/A

NAV & Total Return History


Holdings

IOLRX - Holdings

Concentration Analysis

IOLRX Category Low Category High IOLRX % Rank
Net Assets 866 M 9.98 K 8.9 B 16.83%
Number of Holdings 545 1 1662 20.00%
Net Assets in Top 10 446 M 987 K 3.32 B 17.00%
Weighting of Top 10 72.57% 13.6% 100.0% 25.00%

Top 10 Holdings

  1. 2 Year Treasury Note Future Mar20 21.80%
  2. Federal Home Loan Mortgage Corporation 1.88% 11.17%
  3. Federal National Mortgage Association 1.75% 8.60%
  4. Federal National Mortgage Association 2.62% 5.71%
  5. 10 Year Treasury Note Future Mar20 5.40%
  6. 5 Year Treasury Note Future Mar20 5.37%
  7. Federal National Mortgage Association 1.38% 3.98%
  8. Federal National Mortgage Association 3% 3.63%
  9. Federal Home Loan Mortgage Corporation 2.06% 3.57%
  10. Federal National Mortgage Association 2.88% 3.35%

Asset Allocation

Weighting Return Low Return High IOLRX % Rank
Bonds
106.88% 0.00% 108.94% 6.00%
Stocks
0.00% 0.00% 0.00% 52.00%
Preferred Stocks
0.00% 0.00% 0.00% 52.00%
Other
0.00% 0.00% 100.00% 53.00%
Convertible Bonds
0.00% 0.00% 0.00% 52.00%
Cash
-6.88% -8.94% 66.41% 98.00%

Bond Sector Breakdown

Weighting Return Low Return High IOLRX % Rank
Securitized
47.76% 0.00% 99.71% 57.00%
Government
44.04% 0.00% 99.52% 46.00%
Cash & Equivalents
8.20% -8.94% 66.41% 23.00%
Derivative
0.00% 0.00% 0.42% 52.00%
Corporate
0.00% 0.00% 22.72% 60.00%
Municipal
0.00% 0.00% 5.83% 54.00%

Bond Geographic Breakdown

Weighting Return Low Return High IOLRX % Rank
US
106.88% 0.00% 108.94% 6.00%
Non US
0.00% 0.00% 12.79% 55.00%

Expenses

IOLRX - Expenses

Operational Fees

IOLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.03% 2.04% 79.80%
Management Fee 0.41% 0.03% 0.80% 51.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

IOLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 4.75% N/A
Deferred Load N/A 0.50% 1.00% N/A

Trading Fees

IOLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 0.25% 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.

IOLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.00% 0.00% 739.25% 46.00%

Distributions

IOLRX - Distributions

Dividend Yield Analysis

IOLRX Category Low Category High IOLRX % Rank
Dividend Yield 0.37% 0.00% 2.13% 53.47%

Dividend Distribution Analysis

IOLRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

IOLRX Category Low Category High IOLRX % Rank
Net Income Ratio 2.24% 0.06% 4.06% 18.37%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IOLRX - Fund Manager Analysis

Managers

Clint Dudley


Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.61

0.6%

Clint Dudley is a Senior Portfolio Manager for Invesco Fixed Income. Mr. Dudley joined Invesco in 1998 as a systems analyst in the Information Technology department. In 2001 he became a member of Invesco Fixed Income and has held various positions of increasing responsibility, with an emphasis on mortgage-backed securities. Mr. Dudley earned a BBA and an MBA from Baylor University. He is a CFA charterholder and member of the CFA Society of Atlanta.

Mario Clemente


Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.61

0.6%

Mario Clemente is a Portfolio Manager. He has been associated with the Invesco Advisers, Inc. and/or its affiliates since 2014.

Brian Norris


Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.61

0.6%

Brian Norris is a Senior Portfolio Manager on the Structured Securities team. He is responsible for providing advice and trading for the mortgage-related products and working collectively with the Structured Securities team to implement strategies throughout the fixed income platform. Additionally, Mr. Norris is a mortgage-backed securities trader and director for Invesco Mortgage Capital, Inc., a mortgage REIT sub-advised by Invesco Fixed Income. Mr. Norris has been in the industry since 1999. He began his investment career with Todd Investment Advisors in Louisville, Kentucky, as a securities trader. Mr. Norris joined Invesco in 2001 and served for five years as an account manager. In that role, he was responsible for communicating the fixed income investment process and strategy to both clients and consultants. Mr. Norris became a portfolio manager in 2006 and was named senior portfolio manager in 2014. Mr. Norris earned a BS degree in business administration with a concentration in finance from the University of Louisville. He holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.24 34.1 9.62 0.61