Invesco Oppenheimer Short Term Municipal Fund
- STMUX
- Price as of: Nov 20, 2020
-
$3.80
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Invesco
- Share Class
STMUX - Snapshot
Vitals
- YTD Return 1.1%
- 3 Yr Annualized Return 2.4%
- 5 Yr Annualized Return 2.2%
- Net Assets $2.44 B
- Holdings in Top 10 22.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.51%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 89.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni National Short
STMUX - Profile
Distributions
- YTD Total Return 1.1%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.88%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco Short Term Municipal Fund
-
Fund Family NameInvesco
-
Inception DateMay 24, 2019
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCharles Pulire
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 invests in municipal securities issued by the governments of states, their political subdivisions and the District of Columbia, U.S. territories, commonwealths and possessions or by their agencies, instrumentalities and authorities. The fund will not invest more than 5% of its net assets in securities that produce income subject to the AMT.
STMUX - Performance
Return Ranking - Trailing
| Period | STMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -6.7% | 307.0% | 55.39% |
| 1 Yr | 2.6% | -5.4% | 5.8% | 38.21% |
| 3 Yr | 2.4%* | -0.6% | 8.2% | 82.82% |
| 5 Yr | 2.2%* | -0.3% | 6.9% | 79.40% |
| 10 Yr | N/A* | -0.1% | 8.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | STMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | N/A | -0.3% | 15.4% | N/A |
| 2018 | N/A | -10.3% | 97.2% | N/A |
| 2017 | N/A | -100.0% | 7.6% | N/A |
| 2016 | N/A | -7.9% | 96.8% | N/A |
| 2015 | N/A | -4.8% | 3.0% | N/A |
Total Return Ranking - Trailing
| Period | STMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -6.7% | 307.0% | 55.39% |
| 1 Yr | 2.6% | -8.3% | 5.8% | 28.04% |
| 3 Yr | 2.4%* | -2.5% | 8.2% | 65.88% |
| 5 Yr | 2.2%* | -1.5% | 6.9% | 68.92% |
| 10 Yr | N/A* | -0.4% | 8.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | STMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | N/A | -0.3% | 15.4% | N/A |
| 2018 | N/A | -10.3% | 11.0% | N/A |
| 2017 | N/A | -100.0% | 7.6% | N/A |
| 2016 | N/A | -7.9% | 3.0% | N/A |
| 2015 | N/A | -4.8% | 4.0% | N/A |
NAV & Total Return History
STMUX - Holdings
Concentration Analysis
| STMUX | Category Low | Category High | STMUX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.44 B | 611 K | 78.6 B | 15.00% |
| Number of Holdings | 585 | 1 | 10083 | 18.83% |
| Net Assets in Top 10 | 515 M | -199 M | 4.54 B | 5.24% |
| Weighting of Top 10 | 22.28% | 2.5% | 100.0% | 30.35% |
Top 10 Holdings
- NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 0.11% 3.24%
- RIVERSIDE CALIF CTFS PARTN 0.07% 3.19%
- SUFFOLK CNTY N Y 2.5% 2.67%
- PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 0.32% 2.51%
- NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.12% 2.21%
- NEW YORK N Y 0.09% 2.16%
- TENDER OPT BD TR RCPTS / CTFS VAR STS 0.34% 2.03%
- TEXAS TRANSN COMMN ST HWY FD REV 0.12% 2.02%
- DELAWARE VALLEY PA REGL FIN AUTH LOC GOVT REV 0.88% 1.90%
- MIZUHO FLOATER / RESIDUAL TR VAR STS 0.29% 1.87%
Asset Allocation
| Weighting | Return Low | Return High | STMUX % Rank | |
|---|---|---|---|---|
| Bonds | 92.54% | 0.00% | 147.66% | 92.00% |
| Cash | 7.46% | -47.66% | 100.00% | 7.95% |
| Stocks | 0.00% | 0.00% | 1.80% | 79.94% |
| Preferred Stocks | 0.00% | -0.98% | 1.07% | 78.35% |
| Other | 0.00% | -1.46% | 12.83% | 78.97% |
| Convertible Bonds | 0.00% | 0.00% | 1.64% | 78.80% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | STMUX % Rank | |
|---|---|---|---|---|
| Municipal | 92.54% | 0.00% | 100.00% | 90.14% |
| Cash & Equivalents | 7.46% | 0.00% | 100.00% | 8.68% |
| Derivative | 0.00% | 0.00% | 2.16% | 78.64% |
| Securitized | 0.00% | 0.00% | 6.06% | 79.20% |
| Corporate | 0.00% | 0.00% | 12.97% | 81.74% |
| Government | 0.00% | 0.00% | 49.72% | 79.76% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | STMUX % Rank | |
|---|---|---|---|---|
| US | 92.23% | 0.00% | 141.34% | 79.54% |
| Non US | 0.31% | 0.00% | 27.62% | 63.75% |
STMUX - Expenses
Operational Fees
| STMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.51% | 0.01% | 4.23% | 84.41% |
| Management Fee | 0.40% | 0.00% | 1.10% | 39.10% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
| STMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
| STMUX 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.
| STMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 89.00% | 0.00% | 235.00% | 95.25% |
STMUX - Distributions
Dividend Yield Analysis
| STMUX | Category Low | Category High | STMUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.55% | 79.90% |
Dividend Distribution Analysis
| STMUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| STMUX | Category Low | Category High | STMUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.88% | 0.00% | 6.48% | 77.85% |
Capital Gain Distribution Analysis
| STMUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
STMUX - Fund Manager Analysis
Managers
Charles Pulire
Start Date
Tenure
Tenure Rank
Dec 06, 2010
9.91
9.9%
Mr. Pulire has been a Vice President and Senior Portfolio Manager of OppenheimerFunds, Inc since February 2013. He was an Assistant Vice President and an Associate Portfolio Manager of the Sub-Adviser from December 2010 to January 2013. He was a Research Analyst with the Sub-Adviser from February 2008 to November 2010 and was a Credit Analyst with the Sub-Adviser from May 2006 to January 2008. Mr. Pulire is a portfolio manager, an officer and a trader for the Fund and other Oppenheimer funds.
Mark Paris
Start Date
Tenure
Tenure Rank
Jun 21, 2019
1.36
1.4%
Mark Paris is Chief Investment Officer and Head of Municipal Strategies for Invesco Fixed Income. In this capacity, he is responsible for the oversight and implementationof all municipal bond strategies. Mr. Paris entered the financial industry in 1990 and joined Invesco in 2010 when the firm combined with Van Kampen investments. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the muncipal fixed income team at Morgan Stanley/Van Kampen, which he joing in 2002. He also was previously a trader and portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank, and a trader and underwriter at NatWest Bank. Mr. Paris earned a BBA in finance from Baruch College of the City University of New York.
Julius Williams
Start Date
Tenure
Tenure Rank
Dec 20, 2019
0.87
0.9%
Julius Williams is a Senior Portfolio Manager for Invesco municipal strategies. Mr. Williams entered the industry in 2000. Prior to joining Invesco, he was a portfolio manager and trader for municipal funds at Van Kampen. He joined Invesco in 2010 when the firm combined with Van Kampen. Mr. Williams earned a BA degree in economics and sociology, and a Master of Education degree in educational psychology from the University of Virginia.
Tim O'Reilly
Start Date
Tenure
Tenure Rank
Dec 20, 2019
0.87
0.9%
Mr. O'Reilly joined Invesco in 2010 when the firm combined with Van Kampen, where he served as a senior unit trust fixed income portfolio manager, with responsibilities that included fixed income trading, risk management and credit analysis. He has a diverse knowledge base, with trading experience in municipals, corporates and equities. He joined Van Kampen in 2001. Mr. O'Reilly earned a BS degree in finance from Eastern Illinois University and an MBA in finance from the University of Illinois at Chicago. He holds the Series 7, 63 and 79 registrations."
Rebecca Setcavage
Start Date
Tenure
Tenure Rank
Dec 20, 2019
0.87
0.9%
Rebecca Setcavage, Portfolio Manager, has been associated with Invesco and/or its affiliates since 2019. Prior to that, Ms. Setcavage was associated with OppenheimerFunds, a global asset management firm, since 2017. From 2004 to 2017, she was employed by T. Rowe Price where she last served as a Portfolio Investment Analyst.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 35.61 | 7.62 | 2.84 |