IOMUX: Invesco Oppenheimer Municipal Fund

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IOMUX Invesco Oppenheimer Municipal Fund


Profile

IOMUX - Profile

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $149 M
  • Holdings in Top 10 19.7%

52 WEEK LOW AND HIGH

$13.74
$13.32
$13.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 79.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer 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
    Michael Camarella

Fund Description

Under normal market conditions, 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 income tax. It selects investments without regard to the alternative minimum tax ("AMT"). The fund will not invest in securities issued by U.S. territories and possessions or by their agencies, instrumentalities and authorities.


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Categories

Performance

IOMUX - Performance

Return Ranking - Trailing

Period IOMUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -1.4% 8.9% 48.55%
1 Yr N/A -2.0% 23.6% 5.03%
3 Yr N/A* -2.7% 5.8% 1.01%
5 Yr N/A* -14.4% 12.4% 1.58%
10 Yr N/A* -5.1% 6.7% 0.97%

* Annualized

Return Ranking - Calendar

Period IOMUX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -11.7% 4.6% N/A
2017 N/A -4.4% 8.3% N/A
2016 N/A -58.1% 7.7% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period IOMUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -1.4% 8.9% 48.55%
1 Yr N/A -2.0% 23.6% 4.83%
3 Yr N/A* -2.7% 8.4% 1.09%
5 Yr N/A* -14.4% 12.4% 1.44%
10 Yr N/A* -1.3% 7.1% 1.15%

* Annualized

Total Return Ranking - Calendar

Period IOMUX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -11.7% 6.5% N/A
2017 N/A -4.4% 10.4% N/A
2016 N/A -58.1% 10.7% N/A
2015 N/A -12.6% 4.2% N/A

NAV & Total Return History


Holdings

IOMUX - Holdings

Concentration Analysis

IOMUX Category Low Category High IOMUX % Rank
Net Assets 149 M 690 K 259 B 80.01%
Number of Holdings 130 1 17668 76.04%
Net Assets in Top 10 27.5 M -216 M 21.4 B 81.47%
Weighting of Top 10 19.66% 2.5% 100.0% 52.75%

Top 10 Holdings

  1. LIBERTY N Y DEV CORP REV 5.25% 2.27%
  2. INDIANA ST FIN AUTH WASTEWATER UTIL REV 5% 2.17%
  3. MASSACHUSETTS ST TRANSN FD REV 5% 2.17%
  4. CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES TAX & MOTOR VEHICLE EXCISE TA 2.09%
  5. ST LOUIS MO LD CLEARANCE REDEV AUTH ANNUAL APPROPRIATION REDEV REV 5% 1.99%
  6. SALT VERDE FINL CORP SR GAS REV ARIZ 5% 1.91%
  7. HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5% 1.82%
  8. JEA FLA WTR & SWR SYS REV 1.25% 1.79%
  9. PUBLIC FIN AUTH WIS STUDENT HSG REV 5% 1.73%
  10. LONG IS PWR AUTH N Y ELEC SYS REV 5% 1.71%

Asset Allocation

Weighting Return Low Return High IOMUX % Rank
Bonds
87.87% 80.02% 159.74% 95.96%
Cash
12.13% -59.74% 19.63% 2.11%
Stocks
0.00% -0.98% 25.43% 66.92%
Preferred Stocks
0.00% 0.00% 7.43% 70.39%
Other
0.00% -8.60% 31.85% 67.63%
Convertible Bonds
0.00% 0.00% 7.23% 79.47%

Bond Sector Breakdown

Weighting Return Low Return High IOMUX % Rank
Municipal
87.87% 0.00% 100.11% 42.99%
Cash & Equivalents
12.13% -29.57% 21.18% 3.11%
Derivative
0.00% -0.83% 22.35% 68.99%
Securitized
0.00% 0.00% 98.40% 82.51%
Corporate
0.00% 0.00% 99.62% 84.98%
Government
0.00% -2.21% 122.41% 84.33%

Bond Geographic Breakdown

Weighting Return Low Return High IOMUX % Rank
US
87.87% 58.28% 156.78% 67.13%
Non US
0.00% -12.34% 26.76% 92.60%

Expenses

IOMUX - Expenses

Operational Fees

IOMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 38.00% N/A
Management Fee 0.39% 0.00% 1.10% 48.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

IOMUX 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

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

IOMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 79.00% 0.00% 489.00% 70.95%

Distributions

IOMUX - Distributions

Dividend Yield Analysis

IOMUX Category Low Category High IOMUX % Rank
Dividend Yield 0.63% 0.00% 3.19% 23.68%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IOMUX Category Low Category High IOMUX % Rank
Net Income Ratio N/A 0.00% 6.30% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IOMUX - Fund Manager Analysis

Managers

Michael Camarella


Start Date

Tenure

Tenure Rank

Jan 31, 2008

12.01

12.0%

Mr. Camarella has been a Vice President and Senior Portfolio Manager of the OppenheimerFunds Inc since January 2011. He was an Assistant Vice President of OppenheimerFunds Inc from July 2009 to December 2010 and an Associate Portfolio Manager with OppenheimerFunds Inc from January 2008 to December 2010. Camarella has been a research analyst of OppenheimerFunds since February 2006. Camarella was a credit analyst of the manager from June 2003 to January 2006. Prior to joining the firm, he was employed as an investment banking analyst for Wachovia Securities in Charlotte, North Carolina.

Charles Pulire


Start Date

Tenure

Tenure Rank

Dec 31, 2010

9.09

9.1%

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

0.61

0.6%

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
0.02 33.19 7.42 0.08