STMUX: Invesco Oppenheimer Short Term Municipal Fund

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STMUX Invesco Oppenheimer Short Term Municipal Fund


Profile

STMUX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $1.57 B
  • Holdings in Top 10 23.4%

52 WEEK LOW AND HIGH

$3.78
$3.75
$3.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

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

BROKERAGE FEES

  • Turnover 69.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.05%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Short Term 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
    Charles 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, 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.


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Categories

Performance

STMUX - Performance

Return Ranking - Trailing

Period STMUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.4% 9.5% 90.62%
1 Yr N/A -3.2% 25.4% 75.64%
3 Yr N/A* -3.0% 5.6% 23.50%
5 Yr N/A* -3.0% 12.5% 22.70%
10 Yr N/A* -5.2% 3.9% N/A

* Annualized

Return Ranking - Calendar

Period STMUX 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 -7.8% 7.7% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period STMUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.4% 9.5% 90.62%
1 Yr N/A -3.2% 25.4% 74.40%
3 Yr N/A* -3.0% 8.1% 26.04%
5 Yr N/A* -3.0% 12.5% 25.85%
10 Yr N/A* -1.3% 7.0% N/A

* Annualized

Total Return Ranking - Calendar

Period STMUX 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 -7.8% 10.7% N/A
2015 N/A -12.6% 4.2% N/A

NAV & Total Return History


Holdings

STMUX - Holdings

Concentration Analysis

STMUX Category Low Category High STMUX % Rank
Net Assets 1.57 B 690 K 259 B 30.01%
Number of Holdings 622 1 17668 25.58%
Net Assets in Top 10 354 M -216 M 21.4 B 25.79%
Weighting of Top 10 23.40% 2.5% 100.0% 44.18%

Top 10 Holdings

  1. FRANKLIN CNTY OHIO HOSP REV 1.25% 2.92%
  2. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 2.63%
  3. SAN FRANCISCO CALIF CITY & CNTY MULTIFAMILY HSG REV 1.3% 2.60%
  4. HAMMOND IND SEW & SOLID WASTE DISP REV 1.41% 2.58%
  5. AUSTIN TEX REV 5.25% 2.25%
  6. JEA FLA ELEC SYS REV 1.28% 2.24%
  7. TENDER OPT BD TR RCPTS / CTFS VAR STS 1.47% 2.10%
  8. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 2.07%
  9. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 1.4% 2.03%
  10. MAIN STR NAT GAS INC GA GAS SUPPLY REV 2.02% 1.99%

Asset Allocation

Weighting Return Low Return High STMUX % Rank
Bonds
100.68% 80.02% 159.74% 8.65%
Stocks
0.00% -0.98% 25.43% 92.57%
Preferred Stocks
0.00% 0.00% 7.43% 93.96%
Other
0.00% -8.60% 31.85% 90.07%
Convertible Bonds
0.00% 0.00% 7.23% 96.61%
Cash
-0.68% -59.74% 19.63% 90.10%

Bond Sector Breakdown

Weighting Return Low Return High STMUX % Rank
Municipal
98.53% 0.00% 100.11% 25.26%
Cash & Equivalents
1.47% -29.57% 27.25% 61.88%
Derivative
0.00% -0.83% 22.35% 93.78%
Securitized
0.00% 0.00% 98.40% 97.18%
Corporate
0.00% 0.00% 99.62% 97.75%
Government
0.00% -2.21% 122.41% 97.11%

Bond Geographic Breakdown

Weighting Return Low Return High STMUX % Rank
US
100.68% 58.28% 156.78% 4.75%
Non US
0.00% -12.35% 26.76% 98.71%

Expenses

STMUX - Expenses

Operational Fees

STMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 38.00% 81.27%
Management Fee 0.40% 0.00% 1.10% 57.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 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 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.

STMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 0.00% 489.00% 66.54%

Distributions

STMUX - Distributions

Dividend Yield Analysis

STMUX Category Low Category High STMUX % Rank
Dividend Yield 0.36% 0.00% 3.16% 34.87%

Dividend Distribution Analysis

STMUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

STMUX Category Low Category High STMUX % Rank
Net Income Ratio 2.05% 0.00% 6.30% 78.05%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

STMUX - Fund Manager Analysis

Managers

Charles Pulire


Start Date

Tenure

Tenure Rank

Dec 06, 2010

9.16

9.2%

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.

Julius Williams


Start Date

Tenure

Tenure Rank

Dec 20, 2019

0.12

0.1%

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

0.12

0.1%

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

0.12

0.1%

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 33.19 7.42 0.08