SDHHX: Invesco Oppenheimer Rochester Short Duration High Yield Municipal Fund

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SDHHX Invesco Oppenheimer Rochester Short Duration High Yield Municipal Fund


Profile

SDHHX - Profile

Vitals

  • YTD Return -9.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $887 M
  • Holdings in Top 10 21.7%

52 WEEK LOW AND HIGH

$4.20
$4.20
$4.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Oct 31, 2019
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -9.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.67%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Rochester Short Duration High Yield Municipal Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott 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.


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Categories

Fund Company Quick Screens

SDHHX - Fund Company Quick Screens


Performance

SDHHX - Performance

Return Ranking - Trailing

Period SDHHX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.7% -14.3% 0.4% 91.19%
1 Yr N/A -14.1% 5.3% 17.62%
3 Yr N/A* -3.2% 1.8% 16.27%
5 Yr N/A* -2.3% 1.7% 15.38%
10 Yr N/A* -1.4% 1.7% 18.63%

* Annualized

Return Ranking - Calendar

Period SDHHX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -0.7% 9.1% N/A
2018 N/A -4.8% 9.2% N/A
2017 N/A -9.7% 8.6% N/A
2016 N/A -6.1% -0.8% N/A
2015 N/A -5.6% 2.9% N/A

Total Return Ranking - Trailing

Period SDHHX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.7% -14.3% 0.4% 91.19%
1 Yr N/A -14.1% 5.3% 15.54%
3 Yr N/A* -3.2% 1.8% 18.67%
5 Yr N/A* -2.3% 2.2% 17.48%
10 Yr N/A* -1.4% 4.2% 22.55%

* Annualized

Total Return Ranking - Calendar

Period SDHHX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -0.7% 9.1% N/A
2018 N/A -4.8% 9.2% N/A
2017 N/A -9.7% 8.8% N/A
2016 N/A -6.1% 1.0% N/A
2015 N/A -5.6% 5.3% N/A

NAV & Total Return History


Holdings

SDHHX - Holdings

Concentration Analysis

SDHHX Category Low Category High SDHHX % Rank
Net Assets 887 M 366 K 17.9 B 52.04%
Number of Holdings 496 6 3645 42.78%
Net Assets in Top 10 195 M -40.6 M 2.51 B 32.47%
Weighting of Top 10 21.69% 4.2% 98.8% 13.40%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High SDHHX % Rank
Bonds
97.65% 81.55% 142.87% 56.70%
Cash
2.35% -1.98% 17.48% 40.72%
Stocks
0.00% 0.00% 3.60% 57.22%
Preferred Stocks
0.00% -43.10% 0.00% 51.03%
Other
0.00% -0.68% 1.30% 59.28%
Convertible Bonds
0.00% 0.00% 0.00% 51.55%

Bond Sector Breakdown

Weighting Return Low Return High SDHHX % Rank
Municipal
97.65% 83.27% 100.00% 52.58%
Cash & Equivalents
2.35% 0.00% 16.36% 44.33%
Derivative
0.00% 0.00% 0.26% 55.67%
Securitized
0.00% 0.00% 0.00% 51.55%
Corporate
0.00% 0.00% 5.11% 65.98%
Government
0.00% -2.36% 1.20% 58.25%

Bond Geographic Breakdown

Weighting Return Low Return High SDHHX % Rank
US
83.07% 74.35% 136.82% 93.30%
Non US
14.58% 0.00% 14.58% 2.58%

Expenses

SDHHX - Expenses

Operational Fees

SDHHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.21% 2.78% 66.15%
Management Fee 0.41% 0.00% 1.25% 17.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

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

Trading Fees

SDHHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

SDHHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 5.10% 125.00% 44.04%

Distributions

SDHHX - Distributions

Dividend Yield Analysis

SDHHX Category Low Category High SDHHX % Rank
Dividend Yield 0.62% 0.00% 1.21% 22.84%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SDHHX Category Low Category High SDHHX % Rank
Net Income Ratio 3.67% 1.99% 5.67% 58.85%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SDHHX - Fund Manager Analysis

Managers

Scott Cottier


Start Date

Tenure

Tenure Rank

Sep 30, 2002

17.59

17.6%

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


Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.86

0.9%

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
0.08 28.35 6.98 0.44