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LTBYX Oppenheimer Rochester® LtdTerm NY MunisY

  • Fund
  • LTBYX
  • Price as of: Jun 06, 2019
  • $3.05 - $0.00 - 0.00%
  • Category
  • Single State Municipal Bonds

LTBYX - Profile

Vitals

  • YTD Return 3.4%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -0.8%
  • Net Assets $1.77 B
  • Holdings in Top 10 19.9%

52 WEEK LOW AND HIGH

$3.05
$2.88
$3.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Short

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.02%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Invesco Oppenheimer Rochester® Limited Term New York Municipal Fund
  • Fund Family Name OppenheimerFunds
  • Inception Date Mar 30, 2011
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Mark R. DeMitry

LTBYX - Performance

Return Ranking - Trailing

Period LTBYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -3.2% 7.6% 36.85%
1 Yr 5.9% -6.4% 8.5% 2.55%
3 Yr 0.6%* -2.3% 3.6% 3.45%
5 Yr -0.8%* -1.3% 1.7% 97.91%
10 Yr N/A* -1.1% 4.2% N/A

* Annualized


Return Ranking - Calendar

Period LTBYX Return Category Return Low Category Return High Rank in Category (%)
2018 6.9% -7.2% 11.0% 1.53%
2017 -6.4% -10.1% 6.8% 99.11%
2016 -2.0% -4.9% 0.0% 9.07%
2015 -4.7% -5.6% 1.8% 99.23%
2014 3.3% -34.8% 15.6% 80.89%

Total Return Ranking - Trailing

Period LTBYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -3.2% 7.6% 37.61%
1 Yr 5.9% -6.4% 8.5% 2.80%
3 Yr 0.6%* -2.3% 3.6% 6.51%
5 Yr -0.8%* -1.3% 4.4% 98.56%
10 Yr N/A* -1.1% 5.6% N/A

* Annualized


Total Return Ranking - Calendar

Period LTBYX Return Category Return Low Category Return High Rank in Category (%)
2018 6.9% -7.2% 11.0% 1.53%
2017 -6.4% -10.1% 6.9% 99.11%
2016 -2.0% -4.9% 1.0% 12.01%
2015 -4.7% -5.6% 4.0% 99.23%
2014 3.3% -34.8% 16.3% 82.23%

NAV & Total Return History

LTBYX - Holdings

Concentration Analysis

LTBYX Category Low Category High LTBYX % Rank
Net Assets 1.77 B 6.28 M 20.6 B 6.10%
Number of Holdings 575 31 4231 4.83%
Net Assets in Top 10 352 M -4.71 M 2.92 B 3.05%
Weighting of Top 10 19.90% 2.5% 58.7% 53.88%

Top 10 Holdings

  1. PORT AUTH N Y & N J SPL OBLIG REV 5.75% 2.80%

  2. CHILDRENS TR FD P R TOB SETTLEMENT REV 5.38% 2.48%

  3. PORT AUTH N Y & N J SPL OBLIG REV 6.5% 2.42%

  4. CHILDRENS TR FD P R TOB SETTLEMENT REV 5.5% 2.25%

  5. NEW YORK N Y CITY HEALTH & HOSP CORP REV 5% 2.19%

  6. PORT AUTH N Y & N J SPL OBLIG REV 5.75% 1.88%

  7. ERIE CNTY N Y TOB ASSET SECURITIZATION CORP TOB SETTLEMENT REV 5% 1.71%

  8. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.54%

  9. METROPOLITAN TRANSN AUTH N Y REV 5% 1.35%

  10. NEW YORK ST TWY AUTH GEN REV 5% 1.27%


Asset Allocation

Weighting Return Low Return High LTBYX % Rank
Bonds
98.67% -0.60% 103.72% 59.09%
Cash
1.33% -3.73% 93.39% 38.12%
Stocks
0.00% 0.00% 0.32% 32.02%
Preferred Stocks
0.00% 0.00% 0.00% 30.88%
Other
0.00% -2.39% 8.43% 41.04%
Convertible Bonds
0.00% 0.00% 0.00% 30.88%

Bond Sector Breakdown

Weighting Return Low Return High LTBYX % Rank
Municipal
98.63% 0.00% 103.73% 63.02%
Cash & Equivalents
1.37% -3.73% 93.39% 35.96%
Derivative
0.00% -0.20% 0.00% 30.88%
Securitized
0.00% 0.00% 0.00% 30.88%
Corporate
0.00% 0.00% 4.72% 36.85%
Government
0.00% -17.97% 1.02% 28.97%

Bond Geographic Breakdown

Weighting Return Low Return High LTBYX % Rank
US
82.62% -0.60% 102.38% 96.32%
Non US
16.05% 0.00% 22.38% 2.54%

LTBYX - Expenses

Operational Fees

LTBYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.09% 2.58% 61.88%
Management Fee 0.41% 0.08% 1.30% 26.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

LTBYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

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

Turnover 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.

LTBYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 3.32% 293.00% 86.74%

LTBYX - Distributions

Dividend Yield Analysis

LTBYX Category Low Category High LTBYX % Rank
Dividend Yield 1.46% 0.00% 2.83% 13.85%

Dividend Distribution Analysis

LTBYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

LTBYX Category Low Category High LTBYX % Rank
Net Income Ratio 3.02% -0.21% 4.62% 34.82%

Capital Gain Distribution Analysis

LTBYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Daily Annually

LTBYX - Managers

Mark R. DeMitry

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2006

12.76

12.8%

Mr. DeMitry has been a Vice President and Senior Portfolio Manager of OppenheimerFunds Inc since July 2009. He was an Associate Portfolio Manager with OppenheimerFunds Inc from September 2006 to June 2009. DeMitry has been an associate portfolio manager with OppenheimerFunds since September 2006 and has been a research analyst of OppenheimerFunds, Inc. since June 2003; a credit analyst of OppenheimerFunds, Inc. from July 2001 to May 2003; an associate regional sales representative of OppenheimerFunds, Inc. from December 2000 to June 2001.


Mark Paris

Manager

Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.02

0.0%

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

0.75

Category High

28.92

Category Average

11.47

Category Mode

16.51