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LTNYX Oppenheimer Rochester® LtdTerm NY MunisA

  • Fund
  • LTNYX
  • Price as of: May 23, 2019
  • $3.04 - $0.00 - 0.00%
  • Category
  • Single State Municipal Bonds

LTNYX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -0.8%
  • Net Assets $1.76 B
  • Holdings in Top 10 19.8%

52 WEEK LOW AND HIGH

$3.04
$2.87
$3.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.03%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name 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.

LTNYX - Performance

Return Ranking - Trailing

Period LTNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -3.1% 6.8% 21.26%
1 Yr 6.3% -4.5% 9.0% 1.77%
3 Yr 0.6%* -2.9% 3.7% 2.93%
5 Yr -0.8%* -2.0% 1.6% 90.89%
10 Yr -0.2%* -1.2% 4.3% 93.28%

* Annualized


Return Ranking - Calendar

Period LTNYX Return Category Return Low Category Return High Rank in Category (%)
2018 6.9% -7.2% 11.0% 1.52%
2017 -6.4% -10.1% 6.8% 99.11%
2016 -2.0% -4.9% 0.0% 9.04%
2015 -4.7% -5.6% 1.8% 99.24%
2014 3.3% -34.8% 15.6% 80.81%

Total Return Ranking - Trailing

Period LTNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -3.1% 6.8% 22.01%
1 Yr 6.3% -4.5% 9.0% 1.77%
3 Yr 0.6%* -2.9% 3.7% 5.99%
5 Yr -0.8%* -1.4% 4.2% 93.49%
10 Yr -0.2%* -1.1% 5.5% 95.80%

* Annualized


Total Return Ranking - Calendar

Period LTNYX Return Category Return Low Category Return High Rank in Category (%)
2018 6.9% -7.2% 11.0% 1.52%
2017 -6.4% -10.1% 6.9% 99.11%
2016 -2.0% -4.9% 1.0% 11.97%
2015 -4.7% -5.6% 4.0% 99.24%
2014 3.3% -34.8% 16.3% 82.28%

NAV & Total Return History

LTNYX - Holdings

Concentration Analysis

LTNYX Category Low Category High LTNYX % Rank
Net Assets 1.76 B 6.28 M 19.8 B 6.16%
Number of Holdings 568 23 4231 4.53%
Net Assets in Top 10 352 M -4.71 M 2.82 B 2.89%
Weighting of Top 10 19.78% 2.5% 59.3% 54.84%

Top 10 Holdings

  1. PORT AUTH N Y & N J SPL OBLIG REV 5.75% 2.76%

  2. CHILDRENS TR FD P R TOB SETTLEMENT REV 5.38% 2.45%

  3. PORT AUTH N Y & N J SPL OBLIG REV 6.5% 2.39%

  4. CHILDRENS TR FD P R TOB SETTLEMENT REV 5.5% 2.22%

  5. NEW YORK N Y CITY HEALTH & HOSP CORP REV 5% 2.17%

  6. PORT AUTH N Y & N J SPL OBLIG REV 5.75% 1.85%

  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. NEW YORK N Y 5.25% 1.38%

  10. METROPOLITAN TRANSN AUTH N Y REV 5% 1.34%


Asset Allocation

Weighting Return Low Return High LTNYX % Rank
Bonds
99.51% -0.21% 102.82% 31.70%
Cash
0.49% -2.82% 93.39% 61.51%
Stocks
0.00% 0.00% 0.31% 34.47%
Preferred Stocks
0.00% 0.00% 0.00% 28.43%
Other
0.00% -1.80% 8.92% 37.61%
Convertible Bonds
0.00% 0.00% 0.00% 28.43%

Bond Sector Breakdown

Weighting Return Low Return High LTNYX % Rank
Municipal
99.47% 0.00% 102.82% 33.58%
Cash & Equivalents
0.53% -2.82% 93.39% 58.62%
Derivative
0.00% 0.00% 0.00% 28.43%
Securitized
0.00% 0.00% 0.00% 28.43%
Corporate
0.00% 0.00% 13.08% 35.09%
Government
0.00% -17.97% 1.02% 28.68%

Bond Geographic Breakdown

Weighting Return Low Return High LTNYX % Rank
US
83.23% -0.21% 102.38% 96.23%
Non US
16.28% 0.00% 21.15% 2.26%

LTNYX - Expenses

Operational Fees

LTNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.09% 2.58% 39.25%
Management Fee 0.41% 0.08% 1.30% 26.29%
12b-1 Fee 0.25% 0.00% 1.00% 42.93%
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

LTNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 1.00% 5.75% 91.63%
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

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

LTNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 3.32% 293.00% 88.03%

LTNYX - Distributions

Dividend Yield Analysis

LTNYX Category Low Category High LTNYX % Rank
Dividend Yield 0.02% 0.00% 1.04% 36.60%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

LTNYX Category Low Category High LTNYX % Rank
Net Income Ratio 2.77% -0.21% 4.62% 49.06%

Capital Gain Distribution Analysis

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

LTNYX - Managers

Mark R. DeMitry

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2006

12.59

12.6%

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.


Tenure Analysis

Category Low

0.0

Category High

39.6

Category Average

9.09

Category Mode

1.33