LTNYX: Oppenheimer Rochester® LtdTerm NY MunisA

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LTNYX Oppenheimer Rochester® LtdTerm NY MunisA

  • Fund
  • LTNYX
  • Price as of: Dec 06, 2019
  • $3.05
    - $0.01 - 0.33%

Profile

LTNYX - Profile

Vitals

  • YTD Return 3.4%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $1.76 B
  • Holdings in Top 10 19.2%

52 WEEK LOW AND HIGH

$3.05
$2.95
$3.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.03%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Short

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.77%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Rochester® Limited Term New York Municipal Fund
  • Fund Family Name
    OppenheimerFunds
  • Inception Date
    Sep 18, 1991
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark R. DeMitry

Fund Description

The Oppenheimer Rochester Limited Term New York Municipal Fund Class A (LTNYX) is an actively managed fund that seeks to provide high tax-free income to residents of New York State while reducing duration risk. The fund does this by investing in various municipal bonds issued by state and local agencies and governments. The fund’s managers use credit analysis to find high-quality, undervalued bonds and holds them through maturity. As a short-duration bond fund, LTNYX’s main holdings have maturities of two to five years.

For investors living in New York who are in higher tax brackets, LTNYX makes a great choice for finding income. The fund is internally managed by Oppenheimer Funds.


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Categories

Performance

LTNYX - Performance

Return Ranking - Trailing

Period LTNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% 0.1% 7.6% 63.38%
1 Yr 3.0% 0.1% 9.1% 81.69%
3 Yr 1.1%* -0.9% 5.5% 55.71%
5 Yr -0.6%* -1.1% 4.4% 94.29%
10 Yr -0.6%* -0.6% 5.5% 96.23%

* Annualized

Return Ranking - Calendar

Period LTNYX Return Category Return Low Category Return High Rank in Category (%)
2018 6.9% -4.8% 7.4% 9.86%
2017 -6.4% -6.5% 3.5% 95.71%
2016 -2.0% -6.4% -1.1% 18.57%
2015 -4.7% -4.7% 0.6% 98.57%
2014 3.3% -0.1% 12.0% 81.54%

Total Return Ranking - Trailing

Period LTNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% 0.1% 8.2% 64.79%
1 Yr 3.0% 0.1% 9.1% 83.10%
3 Yr 1.1%* -0.9% 5.5% 58.57%
5 Yr -0.6%* -1.1% 4.4% 94.29%
10 Yr -0.6%* -0.6% 5.5% 96.23%

* Annualized

Total Return Ranking - Calendar

Period LTNYX Return Category Return Low Category Return High Rank in Category (%)
2018 6.9% -4.8% 7.3% 7.04%
2017 -6.4% -6.5% 3.5% 95.71%
2016 -2.0% -6.4% -1.1% 18.57%
2015 -4.7% -4.7% 0.6% 98.57%
2014 3.3% -0.1% 12.0% 81.54%

NAV & Total Return History


Holdings

LTNYX - Holdings

Concentration Analysis

LTNYX Category Low Category High LTNYX % Rank
Net Assets 1.76 B 55.7 M 1.76 B 2.70%
Number of Holdings 564 56 564 2.70%
Net Assets in Top 10 336 M 9.28 M 336 M 2.70%
Weighting of Top 10 19.18% 10.2% 39.3% 62.16%

Top 10 Holdings

  1. PORT AUTH N Y & N J SPL OBLIG REV 5.75% 2.76%
  2. PORT AUTH N Y & N J SPL OBLIG REV 6.5% 2.39%
  3. CHILDRENS TR FD P R TOB SETTLEMENT REV 5.5% 2.23%
  4. NEW YORK N Y CITY HEALTH & HOSP CORP REV 5% 2.16%
  5. CHILDRENS TR FD P R TOB SETTLEMENT REV 5.38% 1.97%
  6. PORT AUTH N Y & N J SPL OBLIG REV 5.75% 1.87%
  7. ERIE CNTY N Y TOB ASSET SECURITIZATION CORP TOB SETTLEMENT REV 5% 1.69%
  8. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.52%
  9. METROPOLITAN TRANSN AUTH N Y REV 5% 1.32%
  10. NEW YORK ST TWY AUTH GEN REV 5% 1.27%

Asset Allocation

Weighting Return Low Return High LTNYX % Rank
Bonds
98.95% 17.56% 141.08% 63.51%
Cash
1.05% -40.76% 82.44% 24.32%
Stocks
0.00% 0.00% 0.00% 9.46%
Preferred Stocks
0.00% 0.00% 0.00% 9.46%
Other
0.00% -2.34% 26.55% 24.32%
Convertible Bonds
0.00% 0.00% 0.00% 9.46%

Bond Sector Breakdown

Weighting Return Low Return High LTNYX % Rank
Municipal
98.98% 17.56% 141.08% 63.51%
Cash & Equivalents
1.05% -40.76% 82.44% 22.97%
Derivative
0.00% 0.00% 0.00% 9.46%
Securitized
0.00% 0.00% 8.26% 10.81%
Government
0.00% 0.00% 0.09% 10.81%
Corporate
-0.03% -1.04% 0.34% 89.19%

Bond Geographic Breakdown

Weighting Return Low Return High LTNYX % Rank
US
83.31% 17.56% 133.62% 72.97%
Non US
15.64% 0.00% 22.68% 20.27%

Expenses

LTNYX - Expenses

Operational Fees

LTNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.33% 2.75% 45.21%
Management Fee 0.41% 0.30% 0.80% 12.16%
12b-1 Fee 0.25% 0.00% 1.00% 31.91%
Administrative Fee N/A 0.00% 0.30% N/A

Sales Fees

LTNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 2.25% 4.75% 80.95%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

LTNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 1.00% 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.

LTNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 7.00% 67.00% 85.14%

Distributions

LTNYX - Distributions

Dividend Yield Analysis

LTNYX Category Low Category High LTNYX % Rank
Dividend Yield 1.31% 0.00% 2.76% 21.62%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LTNYX Category Low Category High LTNYX % Rank
Net Income Ratio 2.77% 1.05% 4.59% 53.42%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LTNYX - Fund Manager Analysis

Managers

Mark R. DeMitry


Start Date

Tenure

Tenure Rank

Sep 30, 2006

13.18

13.2%

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


Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.44

0.4%

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
0.02 29.1 5.5 0.02