OLCBX: Oppenheimer Rochester® Ltd Term CA MuniB

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OLCBX Oppenheimer Rochester® Ltd Term CA MuniB

  • Fund
  • OLCBX
  • Price as of: Jan 13, 2020
  • $3.36
    - $0.00 - 0.00%

Profile

OLCBX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $601 M
  • Holdings in Top 10 19.6%

52 WEEK LOW AND HIGH

$3.36
$3.19
$3.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

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 0.6%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.75%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Rochester Limited Term California Municipal Fund
  • Fund Family Name
    N/A
  • Inception Date
    Feb 25, 2004
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

Under normal market conditions, and as a fundamental policy, 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. Additionally, under normal market conditions, it invests at least 80% of its net assets (plus borrowings for investment purposes) in California municipal and in derivatives and other instruments that have economic characteristics similar to such securities.


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Categories

Performance

OLCBX - Performance

Return Ranking - Trailing

Period OLCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% 0.0% 1.5% 69.23%
1 Yr 7.3% 0.1% 11.7% 20.51%
3 Yr 4.4%* -1.0% 7.6% 10.39%
5 Yr 3.2%* -1.2% 5.9% 9.09%
10 Yr 3.8%* -0.6% 6.2% 13.79%

* Annualized

Return Ranking - Calendar

Period OLCBX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% 0.0% 8.0% 18.67%
2018 1.3% -4.8% 7.4% 16.00%
2017 -4.3% -6.5% 3.5% 85.14%
2016 -1.2% -6.4% -1.1% 5.41%
2015 -3.2% -4.7% 0.6% 90.54%

Total Return Ranking - Trailing

Period OLCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% 0.0% 1.5% 69.23%
1 Yr 4.7% 0.1% 11.7% 37.18%
3 Yr 3.6%* -1.0% 7.6% 12.99%
5 Yr 2.6%* -1.2% 5.9% 11.69%
10 Yr 3.5%* -0.6% 6.2% 13.79%

* Annualized

Total Return Ranking - Calendar

Period OLCBX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% 0.0% 8.5% 10.67%
2018 0.8% -4.8% 7.3% 16.00%
2017 -4.3% -6.5% 3.5% 85.14%
2016 -1.2% -6.4% -1.1% 9.46%
2015 -3.2% -4.7% 0.6% 90.54%

NAV & Total Return History


Holdings

OLCBX - Holdings

Concentration Analysis

OLCBX Category Low Category High OLCBX % Rank
Net Assets 601 M 55.7 M 1.76 B 19.23%
Number of Holdings 510 49 564 10.39%
Net Assets in Top 10 110 M 9.28 M 336 M 18.18%
Weighting of Top 10 19.56% 10.2% 42.5% 50.65%

Top 10 Holdings

  1. LOS ANGELES CALIF DEPT ARPTS REV 5% 2.84%
  2. CALIFORNIA MUN FIN AUTH STUDENT HSG REV 5% 2.29%
  3. CHILDRENS TR FD P R TOB SETTLEMENT REV 5.38% 2.26%
  4. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 1.28% 1.95%
  5. CALIFORNIA STATEWIDE CMNTYS DEV AUTH POLLUTION CTL REV 4.5% 1.82%
  6. CALIFORNIA MUN FIN AUTH REV 5% 1.82%
  7. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 1.76%
  8. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.25% 1.72%
  9. CALIFORNIA ST 6% 1.71%
  10. CALIFORNIA MUN FIN AUTH REV 5% 1.40%

Asset Allocation

Weighting Return Low Return High OLCBX % Rank
Bonds
98.99% 17.56% 139.76% 50.00%
Cash
1.01% -40.79% 82.44% 41.56%
Stocks
0.00% 0.00% 0.00% 83.33%
Preferred Stocks
0.00% 0.00% 0.00% 83.12%
Other
0.00% -7.55% 26.55% 68.83%
Convertible Bonds
0.00% 0.00% 0.00% 83.12%

Bond Sector Breakdown

Weighting Return Low Return High OLCBX % Rank
Municipal
98.99% 17.56% 100.92% 58.44%
Cash & Equivalents
1.01% 0.00% 82.44% 41.56%
Derivative
0.00% 0.00% 0.00% 83.12%
Securitized
0.00% 0.00% 11.28% 83.12%
Corporate
0.00% -1.04% 0.47% 80.52%
Government
0.00% -2.21% 0.13% 77.92%

Bond Geographic Breakdown

Weighting Return Low Return High OLCBX % Rank
US
90.27% 17.56% 132.28% 67.53%
Non US
8.72% 0.00% 22.85% 27.27%

Expenses

OLCBX - Expenses

Operational Fees

OLCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.33% 2.75% 62.34%
Management Fee 0.42% 0.30% 0.80% 19.23%
12b-1 Fee 0.25% 0.00% 1.00% 40.82%
Administrative Fee N/A 0.10% 0.30% N/A

Sales Fees

OLCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 2.25% 4.75% 96.00%
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

OLCBX 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.

OLCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 4.67% 67.00% 93.59%

Distributions

OLCBX - Distributions

Dividend Yield Analysis

OLCBX Category Low Category High OLCBX % Rank
Dividend Yield 0.00% 0.00% 2.41% 98.72%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

OLCBX Category Low Category High OLCBX % Rank
Net Income Ratio 2.75% 1.05% 4.59% 50.65%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

OLCBX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 29.18 5.85 0.11