IORUX: Invesco Oppenheimer Rochester® Fund Municipals Fund

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IORUX Invesco Oppenheimer Rochester® Fund Municipals Fund


Profile

IORUX - Profile

Vitals

  • YTD Return -3.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $4.97 B
  • Holdings in Top 10 15.0%

52 WEEK LOW AND HIGH

$16.17
$14.91
$17.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

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

BROKERAGE FEES

  • Turnover 2.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -3.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.20%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Rochester New York Municipals Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Troy Willis

Fund Description

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) 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 invests mainly in New York municipal securities that pay interest that, in the opinion of counsel to the issuer of each security, is exempt from federal and New York personal income taxes. The fund can invest up to 25% of its total assets in below-investment-grade securities (commonly called "junk bonds").


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Categories

Performance

IORUX - Performance

Return Ranking - Trailing

Period IORUX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -7.6% 1.7% 82.24%
1 Yr N/A -6.4% 4.5% 0.65%
3 Yr N/A* -2.5% 2.0% 0.71%
5 Yr N/A* -1.6% 1.2% 0.73%
10 Yr N/A* -0.9% 1.1% 0.94%

* Annualized

Return Ranking - Calendar

Period IORUX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A 2.2% 9.3% N/A
2018 N/A -6.6% 5.2% N/A
2017 N/A -2.0% 4.3% N/A
2016 N/A -6.3% 0.0% N/A
2015 N/A -4.4% 1.1% N/A

Total Return Ranking - Trailing

Period IORUX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -7.6% 1.7% 82.24%
1 Yr N/A -6.4% 4.5% 0.65%
3 Yr N/A* -2.5% 2.0% 0.71%
5 Yr N/A* -1.6% 1.9% 0.73%
10 Yr N/A* -0.9% 2.8% 0.94%

* Annualized

Total Return Ranking - Calendar

Period IORUX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A 2.2% 9.3% N/A
2018 N/A -6.6% 5.2% N/A
2017 N/A -2.0% 4.3% N/A
2016 N/A -6.3% 0.9% N/A
2015 N/A -4.4% 2.1% N/A

NAV & Total Return History


Holdings

IORUX - Holdings

Concentration Analysis

IORUX Category Low Category High IORUX % Rank
Net Assets 4.97 B 35.5 M 4.97 B 1.97%
Number of Holdings 680 48 1209 3.29%
Net Assets in Top 10 767 M -130 M 767 M 1.97%
Weighting of Top 10 15.00% 5.9% 82.6% 71.71%

Top 10 Holdings

  1. CHILDRENS TR FD P R TOB SETTLEMENT REV 0% 2.58%
  2. NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% 1.60%
  3. LIBERTY N Y DEV CORP REV 5.25% 1.56%
  4. BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% 1.53%
  5. CHILDRENS TR FD P R TOB SETTLEMENT REV 0% 1.53%
  6. SUFFOLK TOB ASSET SECURITIZATION CORP N Y TOB SETTLEMENT ASSET-BKD 6.62% 1.39%
  7. MTA HUDSON RAIL YARDS TR OBLIGS REV 5% 1.32%
  8. UNIVERSITY P R UNIV REVS 5% 1.31%
  9. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.10%
  10. PUERTO RICO PUB BLDGS AUTH REV GTD 5% 1.08%

Asset Allocation

Weighting Return Low Return High IORUX % Rank
Bonds
101.08% 91.63% 147.58% 9.21%
Stocks
0.00% 0.00% 0.00% 3.29%
Preferred Stocks
0.00% 0.00% 0.00% 3.29%
Other
0.00% -0.08% 2.49% 13.16%
Convertible Bonds
0.00% 0.00% 0.00% 3.29%
Cash
-1.08% -47.59% 8.37% 91.45%

Bond Sector Breakdown

Weighting Return Low Return High IORUX % Rank
Municipal
99.95% 88.88% 100.00% 28.95%
Cash & Equivalents
0.05% 0.00% 8.37% 67.11%
Derivative
0.00% 0.00% 0.00% 3.29%
Securitized
0.00% 0.00% 0.00% 3.29%
Corporate
0.00% 0.00% 2.05% 15.79%
Government
0.00% -0.01% 9.83% 11.18%

Bond Geographic Breakdown

Weighting Return Low Return High IORUX % Rank
US
83.52% 83.52% 141.70% 99.34%
Non US
17.56% 0.00% 17.56% 1.97%

Expenses

IORUX - Expenses

Operational Fees

IORUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.09% 3.53% 72.85%
Management Fee 0.45% 0.08% 0.70% 28.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.32% N/A

Sales Fees

IORUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

IORUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 2.00% 114.00% 1.97%

Distributions

IORUX - Distributions

Dividend Yield Analysis

IORUX Category Low Category High IORUX % Rank
Dividend Yield 0.60% 0.00% 1.41% 5.92%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IORUX Category Low Category High IORUX % Rank
Net Income Ratio 3.20% 1.40% 6.06% 25.17%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IORUX - Fund Manager Analysis

Managers

Troy Willis


Start Date

Tenure

Tenure Rank

Jun 30, 2003

16.85

16.9%

Mr. Willis has been a Senior Vice President of OppenheimerFunds Inc. since January 2017 and a Senior Portfolio Manager of OppenheimerFunds Inc. since January 2006. He was a Vice President of OppenheimerFunds Inc. from July 2009 to December 2016 and an Assistant Vice President of the Sub-Adviser from July 2005 to June 2009. Willis has been an assistant vice president of OppenheimerFunds Inc. since July 2005 and associate portfolio manager with the company since 2003. Prior to joining Oppenheimer Funds Inc. in 2003, he was a corporate attorney for Southern Resource Group from 1999 to 2003. Willis is a senior portfolio manager and officer of 18 portfolios in the Oppenheimer Funds complex.

Mark Paris


Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.86

0.9%

Mark Paris is Chief Investment Officer and Head of Municipal Strategies for Invesco Fixed Income. In this capacity, he is responsible for the oversight and implementationof all municipal bond strategies. Mr. Paris entered the financial industry in 1990 and joined Invesco in 2010 when the firm combined with Van Kampen investments. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the muncipal fixed income team at Morgan Stanley/Van Kampen, which he joing in 2002. He also was previously a trader and portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank, and a trader and underwriter at NatWest Bank. Mr. Paris earned a BBA in finance from Baruch College of the City University of New York.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 7.74 7.97