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OPITX Oppenheimer Rochester Shrt Dur HY Muni A

  • Fund
  • OPITX
  • Price as of: Sep 19, 2019
  • $4.65 - $0.00 - 0.00%

OPITX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $1.06 B
  • Holdings in Top 10 22.4%

52 WEEK LOW AND HIGH

$4.65
$4.40
$4.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.21%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 19.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Invesco Oppenheimer Rochester Short Duration High Yield Municipal Fund
  • Fund Family Name OppenheimerFunds
  • Inception Date Nov 11, 1986
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Scott S. Cottier

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 selects investments without regard to the alternative minimum tax ("AMT"). Under normal market conditions, the fund will not invest more than 35% of its total assets in securities rated below-investment-grade.

OPITX - Performance

Return Ranking - Trailing

Period OPITX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% 0.7% 8.7% 36.72%
1 Yr 5.0% 0.2% 7.0% 17.61%
3 Yr 0.7%* -2.0% 2.3% 26.39%
5 Yr -0.5%* -0.7% 2.2% 92.68%
10 Yr -0.3%* -0.4% 2.1% 98.77%

* Annualized


Return Ranking - Calendar

Period OPITX Return Category Return Low Category Return High Rank in Category (%)
2018 9.2% -4.6% 9.2% 1.21%
2017 -9.6% -9.7% 8.6% 98.63%
2016 -0.9% -4.8% -0.8% 3.57%
2015 -5.6% -5.6% 2.9% 99.19%
2014 3.0% 3.0% 12.9% 98.29%

Total Return Ranking - Trailing

Period OPITX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% 0.7% 8.7% 39.55%
1 Yr 5.0% 0.2% 7.0% 20.45%
3 Yr 0.7%* -2.0% 3.5% 30.56%
5 Yr -0.5%* -0.7% 4.8% 92.68%
10 Yr -0.3%* -0.4% 6.2% 98.77%

* Annualized


Total Return Ranking - Calendar

Period OPITX Return Category Return Low Category Return High Rank in Category (%)
2018 9.2% -4.6% 9.2% 1.21%
2017 -9.6% -9.7% 8.8% 98.63%
2016 -0.9% -4.8% 1.0% 7.86%
2015 -5.6% -5.6% 5.3% 99.19%
2014 3.0% 3.0% 15.0% 98.29%

NAV & Total Return History

OPITX - Holdings

Concentration Analysis

OPITX Category Low Category High OPITX % Rank
Net Assets 1.06 B 25.8 M 21.6 B 50.28%
Number of Holdings 526 6 3616 39.01%
Net Assets in Top 10 235 M 6.78 M 2.21 B 29.12%
Weighting of Top 10 22.35% 4.8% 98.4% 8.79%

Top 10 Holdings

  1. PORT AUTH N Y & N J SPL OBLIG REV 6.5% 4.02%

  2. DISTRICT COLUMBIA TOB SETTLEMENT FING CORP 6.5% 2.89%

  3. CALIFORNIA HEALTH FACS FING AUTH REV 0% 2.71%

  4. DISTRICT COLUMBIA TOB SETTLEMENT FING CORP 6.75% 2.43%

  5. ILLINOIS DEV FIN AUTH ENVIRONMENTAL FACS REV 8% 2.28%

  6. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% 1.97%

  7. CHICAGO ILL 5% 1.74%

  8. OHIO ST AIR QUALITY DEV AUTH REV 5.62% 1.68%

  9. PUBLIC FIN AUTH WIS LTD OBLIG GRNT REV 6.25% 1.33%

  10. TOBACCO SETTLEMENT FING CORP N J 3.2% 1.29%


Asset Allocation

Weighting Return Low Return High OPITX % Rank
Bonds
96.25% 92.64% 103.98% 87.91%
Cash
3.74% -3.98% 7.36% 11.54%
Stocks
0.00% 0.00% 0.37% 50.00%
Preferred Stocks
0.00% 0.00% 0.40% 46.15%
Other
0.00% 0.00% 1.04% 52.20%
Convertible Bonds
0.00% 0.00% 0.01% 46.15%

Bond Sector Breakdown

Weighting Return Low Return High OPITX % Rank
Municipal
96.26% 92.64% 101.80% 88.46%
Cash & Equivalents
3.74% -4.28% 7.36% 11.54%
Derivative
0.00% -0.11% 0.05% 47.80%
Securitized
0.00% 0.00% 0.02% 46.15%
Corporate
0.00% 0.00% 5.78% 65.38%
Government
0.00% -5.20% 4.94% 43.96%

Bond Geographic Breakdown

Weighting Return Low Return High OPITX % Rank
US
82.84% 82.84% 100.39% 98.35%
Non US
13.41% 0.00% 13.41% 1.10%

OPITX - Expenses

Operational Fees

OPITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.11% 3.49% 27.84%
Management Fee 0.42% 0.00% 1.32% 12.64%
12b-1 Fee 0.25% 0.00% 1.00% 49.57%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

OPITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 1.00% 4.75% 77.27%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

OPITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

OPITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 1.00% 280.00% 20.99%

OPITX - Distributions

Dividend Yield Analysis

OPITX Category Low Category High OPITX % Rank
Dividend Yield 0.49% 0.00% 19758.73% 92.31%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

OPITX Category Low Category High OPITX % Rank
Net Income Ratio 3.37% 0.76% 6.09% 72.73%

Capital Gain Distribution Analysis

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

OPITX - Managers

Scott S. Cottier

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2002

16.93

16.9%

Mr. Cottier has been a Senior Vice President of OppenheimerFunds, Inc. since January 2017 and a Senior Portfolio Manager of OppenheimerFunds, Inc. since September 2002. He was Vice President of OppenheimerFunds, Inc. from September 2002 to December 2016. Mr. Cottier is a co-team leader, a portfolio manager, an officer, and a trader for the Fund and other Oppenheimer funds. Cottier has been a vice president and a senior portfolio manager with OppenheimerFunds, Inc. He has been a vice president of OppenheimerFunds, Inc. since 2002. Prior to joining it in 2002, Cottier was a portfolio manager and trader at Victory Capital Management from 1999 to 2002.


Mark Paris

Manager

Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.19

0.2%

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

0.09

Category High

27.68

Category Average

7.34

Category Mode

6.58