Invesco Oppenheimer Limited-Term Government Fund

Fixed Income | US Fixed Income

Objective & Strategy

The Fund seeks income. The strategy typically invests in limited-term U.S. Government and agency debt securities.

as of 08/31/2019

Morningstar Rating

Overall Rating - Short Government Category

As of 08/31/2019 the Fund had an overall rating of 4 stars out of 96 funds and was rated 3 stars out of 96 funds, 3 stars out of 93 funds and 4 stars out of 70 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2019 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 08/31/2019

Top Fixed-Income Holdings | View all

Holding Name Coupon % Bond Maturity Date % of Total Assets
Federal Home Loan Mortgage Corp 1.880 11/17/2020 9.82
United States Treasury Note/Bond 1.250 01/31/2020 9.16
Federal National Mortgage Association 1.750 07/02/2024 7.67
Federal National Mortgage Association 2.630 01/11/2022 5.04
Federal National Mortgage Association 2.250 04/12/2022 4.11
Mortgage-Linked Amortizing Notes 2.060 01/15/2022 3.31
Federal National Mortgage Association 2.880 09/12/2023 2.98
Fannie Mae or Freddie Mac 3.500 09/01/2049 2.61
Fannie Mae or Freddie Mac 3.000 09/01/2049 2.61
Ginnie Mae II Pool 3.500 09/01/2049 1.82

May not equal 100% due to rounding.

Holdings are subject to change and are not buy/sell recommendations.

as of 08/31/2019 06/30/2019

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 03/10/1986 N/A 4.60 3.21 4.31 1.50 1.28 1.85
Load 03/10/1986 2.50 4.52 0.65 1.72 0.69 0.77 1.59
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

as of 08/31/2019 06/30/2019

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Bloomberg Barclays U.S. Government 1-3 Year Index 0.81 1.22 4.41 1.62 1.35 1.24
Bloomberg Barclays U.S. Government Index 3.36 4.19 10.31 2.52 2.96 3.17
Bloomberg Barclays U.S. Government 1-3 Year Index 0.52 1.46 4.02 1.31 1.23 1.23
Bloomberg Barclays U.S. Government Index 0.92 2.99 7.21 1.39 2.48 2.97

Source: FactSet Research Systems Inc.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.42
12b-1 Fee 0.25
Other Expenses 0.11
Interest/Dividend Exp N/A
Total Other Expenses 0.11
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) N/A
Total Annual Fund Operating Expenses 0.78
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 0.78
Additional Waivers/Reimbursements N/A
Net Expenses - With Additional Fee Reduction 0.78
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range

Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
08/30/2019 0.0076 N/A N/A 4.398
07/31/2019 0.0067 N/A N/A 4.374
06/28/2019 0.0067 N/A N/A 4.381
05/31/2019 0.0074 N/A N/A 4.37
04/30/2019 0.0074 N/A N/A 4.346
03/29/2019 0.0074 N/A N/A 4.347
02/28/2019 0.0075 N/A N/A 4.324
01/31/2019 0.0071 N/A N/A 4.328
12/31/2018 0.0249 N/A N/A 4.319
11/30/2018 0.0077 N/A N/A 4.314
10/31/2018 0.0066 N/A N/A 4.307
09/28/2018 0.0066 N/A N/A 4.316
08/31/2018 0.0077 N/A N/A 4.322
07/31/2018 0.0072 N/A N/A 4.319
06/29/2018 0.0071 N/A N/A 4.32
05/31/2018 0.0063 N/A N/A 4.328
04/30/2018 0.0066 N/A N/A 4.328
03/29/2018 0.0061 N/A N/A 4.339
02/28/2018 0.0058 N/A N/A 4.341
01/31/2018 0.0068 N/A N/A 4.355
12/29/2017 0.0226 N/A N/A 4.375
11/30/2017 0.0061 N/A N/A 4.394
10/31/2017 0.0055 N/A N/A 4.408
09/29/2017 0.0061 N/A N/A 4.416
08/31/2017 0.0065 N/A N/A 4.431
07/31/2017 0.0057 N/A N/A 4.426
06/30/2017 0.0057 N/A N/A 4.42
05/31/2017 0.0056 N/A N/A 4.43
04/28/2017 0.0047 N/A N/A 4.425
03/31/2017 0.0049 N/A N/A 4.418
02/28/2017 0.0049 N/A N/A 4.422
01/31/2017 0.0046 N/A N/A 4.423
12/30/2016 0.0212 N/A N/A 4.421
11/30/2016 0.0047 N/A N/A 4.443
10/31/2016 0.0042 N/A N/A 4.481
09/30/2016 0.0044 N/A N/A 4.487
08/31/2016 0.0044 N/A N/A 4.482
07/29/2016 0.0041 N/A N/A 4.494
06/30/2016 0.0044 N/A N/A 4.494
05/31/2016 0.0047 N/A N/A 4.474
04/29/2016 0.0048 N/A N/A 4.481
03/31/2016 0.0044 N/A N/A 4.481
02/29/2016 0.0051 N/A N/A 4.476
01/29/2016 0.0049 N/A N/A 4.484
12/31/2015 0.0205 N/A N/A 4.463
11/30/2015 0.0052 N/A N/A 4.494
10/30/2015 0.0055 N/A N/A 4.509
09/30/2015 0.0059 N/A N/A 4.518
08/31/2015 0.0107 N/A N/A 9.015
07/31/2015 0.0113 N/A N/A 9.04
06/30/2015 0.0104 N/A N/A 9.03
05/29/2015 0.0106 N/A N/A 9.058
04/30/2015 0.0111 N/A N/A 9.077
03/31/2015 0.0103 N/A N/A 9.083
02/27/2015 0.0096 N/A N/A 9.062
01/30/2015 0.0112 N/A N/A 9.085
12/31/2014 0.0565 N/A N/A 9.038
11/28/2014 0.0095 N/A N/A 9.121
10/31/2014 0.0109 N/A N/A 9.111
09/30/2014 0.0095 N/A N/A 9.096
08/29/2014 0.0108 N/A N/A 9.11
07/31/2014 0.0090 N/A N/A 9.104
06/30/2014 0.0088 N/A N/A 9.134
05/30/2014 0.0100 N/A N/A 9.135
04/30/2014 0.0107 N/A N/A 9.121
03/31/2014 0.0103 N/A N/A 9.108
02/28/2014 0.0103 N/A N/A 9.136
01/31/2014 0.0100 N/A N/A 9.125
12/30/2013 0.0626 N/A N/A 9.10
11/29/2013 0.0118 N/A N/A 9.177
10/31/2013 0.0108 N/A N/A 9.19
09/30/2013 0.0096 N/A N/A 9.176
08/30/2013 0.0106 N/A N/A 9.155
07/31/2013 0.0094 N/A N/A 9.18
06/28/2013 0.0072 N/A N/A 9.183
05/31/2013 0.0112 N/A N/A 9.24
04/30/2013 0.0137 N/A N/A 9.30
03/28/2013 0.0143 N/A N/A 9.295
02/28/2013 0.0130 N/A N/A 9.309
01/31/2013 0.0128 N/A N/A 9.319
12/28/2012 0.0538 N/A N/A 9.332
11/30/2012 0.0131 N/A N/A 9.378
10/31/2012 0.0133 N/A N/A 9.396
09/28/2012 0.0115 N/A N/A 9.416
08/31/2012 0.0160 N/A N/A 9.394
07/31/2012 0.0122 N/A N/A 9.393
06/29/2012 0.0141 N/A N/A 9.342
05/31/2012 0.0148 N/A N/A 9.346
04/30/2012 0.0149 N/A N/A 9.354
03/30/2012 0.0170 N/A N/A 9.345
02/29/2012 0.0171 N/A N/A 9.352
01/31/2012 0.0172 N/A N/A 9.344
12/29/2011 0.0174 N/A N/A 9.309
11/30/2011 0.0182 N/A N/A 9.295
10/31/2011 0.0161 N/A N/A 9.318
09/30/2011 0.0184 N/A N/A 9.327
08/31/2011 0.0193 N/A N/A 9.371
07/29/2011 0.0210 N/A N/A 9.391
06/30/2011 0.0217 N/A N/A 9.373
05/31/2011 0.0224 N/A N/A 9.413
04/29/2011 0.0241 N/A N/A 9.417
03/31/2011 0.0238 N/A N/A 9.385
02/28/2011 0.0206 N/A N/A 9.398
01/31/2011 0.0214 N/A N/A 9.394
12/30/2010 0.0198 N/A N/A 9.402
11/30/2010 0.0179 N/A N/A 9.439
10/29/2010 0.0185 N/A N/A 9.461
09/30/2010 0.0211 N/A N/A 9.446
08/31/2010 0.0204 N/A N/A 9.446
07/30/2010 0.0232 N/A N/A 9.427
06/30/2010 0.0235 N/A N/A 9.398
05/28/2010 0.0217 N/A N/A 9.376
04/30/2010 0.0281 N/A N/A 9.328
03/31/2010 0.0278 N/A N/A 9.271
02/26/2010 0.0288 N/A N/A 9.28
01/29/2010 0.0317 N/A N/A 9.263
12/30/2009 0.0323 N/A N/A 9.204
11/30/2009 0.0321 N/A N/A 9.223
10/30/2009 0.0359 N/A N/A 9.222
09/30/2009 0.0345 N/A N/A 9.169
08/31/2009 0.0338 N/A N/A 9.137
07/31/2009 0.0386 N/A N/A 9.046
06/30/2009 0.0356 N/A N/A 8.971
05/29/2009 0.0365 N/A N/A 8.963
04/30/2009 0.0376 N/A N/A 8.85
03/31/2009 0.0389 N/A N/A 8.795
02/27/2009 0.0383 N/A N/A 8.746
01/30/2009 0.0398 N/A N/A 8.872
12/30/2008 0.0367 N/A N/A 8.896
11/28/2008 0.0348 N/A N/A 8.697
10/31/2008 0.0406 N/A N/A 9.254
09/30/2008 0.0386 N/A N/A 9.52
08/29/2008 0.0421 N/A N/A 9.617
07/31/2008 0.0410 N/A N/A 9.689
06/30/2008 0.0393 N/A N/A 9.801
05/30/2008 0.0419 N/A N/A 9.879
04/30/2008 0.0390 N/A N/A 9.899
03/31/2008 0.0380 N/A N/A 9.836
02/29/2008 0.0408 N/A N/A 9.902
01/31/2008 0.0382 N/A N/A 10.00
12/28/2007 0.0364 N/A N/A 9.949
11/30/2007 0.0419 N/A N/A 9.941
10/31/2007 0.0392 N/A N/A 9.954
09/28/2007 0.0350 N/A N/A 9.976
08/31/2007 0.0430 N/A N/A 9.923
07/31/2007 0.0378 N/A N/A 9.904
06/29/2007 0.0394 N/A N/A 9.89
05/31/2007 0.0377 N/A N/A 9.923
04/30/2007 0.0359 N/A N/A 9.958
03/30/2007 0.0396 N/A N/A 9.959
02/28/2007 0.0364 N/A N/A 9.957
01/31/2007 0.0368 N/A N/A 9.916
12/28/2006 0.0763 N/A N/A 9.928
11/30/2006 0.0371 N/A N/A 9.996
10/31/2006 0.0343 N/A N/A 9.979
09/29/2006 0.0374 N/A N/A 9.962
08/31/2006 0.0372 N/A N/A 9.942
07/31/2006 0.0342 N/A N/A 9.902
06/30/2006 0.0389 N/A N/A 9.85
05/31/2006 0.0351 N/A N/A 9.879
04/28/2006 0.0307 N/A N/A 9.913
03/31/2006 0.0380 N/A N/A 9.924
02/28/2006 0.0335 N/A N/A 9.954
01/31/2006 0.0330 N/A N/A 9.965
12/29/2005 0.0325 N/A N/A 9.968
11/30/2005 0.0309 N/A N/A 9.961
10/31/2005 0.0272 N/A N/A 9.968
09/30/2005 0.0295 N/A N/A 10.004
08/31/2005 0.0286 N/A N/A 10.06
07/29/2005 0.0277 N/A N/A 10.042
06/30/2005 0.0271 N/A N/A 10.077
05/31/2005 0.0263 N/A N/A 10.09
04/29/2005 0.0286 N/A N/A 10.077
03/31/2005 0.0280 N/A N/A 10.052
02/28/2005 0.0239 N/A N/A 10.088
01/31/2005 0.0222 N/A N/A 10.133
12/30/2004 0.0229 N/A N/A 10.141
11/30/2004 0.0249 N/A N/A 10.144
10/29/2004 0.0263 N/A N/A 10.184
09/30/2004 0.0253 N/A N/A 10.174
08/31/2004 0.0268 N/A N/A 10.212
07/30/2004 0.0294 N/A N/A 10.166
06/30/2004 0.0269 N/A N/A 10.151
05/28/2004 0.0213 N/A N/A 10.16
04/30/2004 0.0220 N/A N/A 10.218
03/31/2004 0.0229 N/A N/A 10.298
02/27/2004 0.0215 N/A N/A 10.301
01/30/2004 0.0237 N/A N/A 10.285
12/30/2003 0.0233 N/A N/A 10.276
11/28/2003 0.0199 N/A N/A 10.249
10/31/2003 0.0209 N/A N/A 10.267
09/30/2003 0.0186 N/A N/A 10.326
08/29/2003 0.0161 N/A N/A 10.272
07/31/2003 0.0154 N/A N/A 10.282
06/30/2003 0.0146 N/A N/A 10.35
05/30/2003 0.0175 N/A N/A 10.354
04/30/2003 0.0170 N/A N/A 10.371
03/31/2003 0.0167 N/A N/A 10.363
02/28/2003 0.0193 N/A N/A 10.375
01/31/2003 0.0235 N/A N/A 10.358
12/30/2002 0.0224 N/A N/A 10.369
11/29/2002 0.0224 N/A N/A 10.314
10/31/2002 0.0224 N/A N/A 10.348
09/30/2002 0.0312 N/A N/A 10.355
08/30/2002 0.0312 N/A N/A 10.334
07/31/2002 0.0359 N/A N/A 10.316
06/28/2002 0.0359 N/A N/A 10.219
05/31/2002 0.0359 N/A N/A 10.171
04/30/2002 0.0359 N/A N/A 10.162
03/28/2002 0.0359 N/A N/A 10.106
02/28/2002 0.0359 N/A N/A 10.184
01/31/2002 0.0359 N/A N/A 10.165
12/28/2001 0.0359 N/A N/A 10.133
11/30/2001 0.0449 N/A N/A 10.205
10/31/2001 0.0449 N/A N/A 10.293
09/28/2001 0.0449 N/A N/A 10.219
08/31/2001 0.0449 N/A N/A 10.11
07/31/2001 0.0449 N/A N/A 10.088
06/29/2001 0.0449 N/A N/A 10.021
05/31/2001 0.0449 N/A N/A 10.042
04/30/2001 0.0449 N/A N/A 10.028
03/30/2001 0.0512 N/A N/A 10.074
02/28/2001 0.0512 N/A N/A 10.063
01/31/2001 0.0512 N/A N/A 10.061
12/28/2000 0.0512 N/A N/A 10.014
11/30/2000 0.0512 N/A N/A 9.983
10/31/2000 0.0512 N/A N/A 9.931
09/29/2000 0.0512 N/A N/A 9.935
08/31/2000 0.0512 N/A N/A 9.914
07/31/2000 0.0512 N/A N/A 9.877
06/30/2000 0.0512 N/A N/A 9.878
05/31/2000 0.0512 N/A N/A 9.821
04/28/2000 0.0512 N/A N/A 9.842
03/31/2000 0.0512 N/A N/A 9.88
02/29/2000 0.0512 N/A N/A 9.854
01/31/2000 0.0512 N/A N/A 9.852
12/30/1999 0.0512 N/A N/A 9.94
11/30/1999 0.0512 N/A N/A 9.978
10/29/1999 0.0512 N/A N/A 10.013
09/30/1999 0.0512 N/A N/A 10.025
08/31/1999 0.0512 N/A N/A 9.997
07/30/1999 0.0512 N/A N/A 10.045
06/30/1999 0.0512 N/A N/A 10.088
05/28/1999 0.0512 N/A N/A 10.142
04/30/1999 0.0512 N/A N/A 10.221
03/31/1999 0.0512 N/A N/A 10.227
02/26/1999 0.0512 N/A N/A 10.245
01/29/1999 0.0512 N/A N/A 10.325
12/31/1998 0.0535 N/A N/A 10.321
11/30/1998 0.0535 N/A N/A 10.322
10/30/1998 0.0535 N/A N/A 10.364
09/30/1998 0.0535 N/A N/A 10.367
08/31/1998 0.0535 N/A N/A 10.289
07/31/1998 0.0579 N/A N/A 10.207
06/30/1998 0.0579 N/A N/A 10.228
05/29/1998 0.0579 N/A N/A 10.258
04/30/1998 0.0579 N/A N/A 10.251
03/31/1998 0.0579 N/A N/A 10.267
02/27/1998 0.0598 N/A N/A 10.303
01/30/1998 0.0598 N/A N/A 10.35
12/31/1997 0.0598 N/A N/A 10.308
11/28/1997 0.0598 N/A N/A 10.311
10/31/1997 0.0598 N/A N/A 10.341
09/30/1997 0.0598 N/A N/A 10.299
08/29/1997 0.0598 N/A N/A 10.274
07/31/1997 0.0598 N/A N/A 10.348
06/30/1997 0.0598 N/A N/A 10.27
05/30/1997 0.0598 N/A N/A 10.255
04/30/1997 0.0598 N/A N/A 10.235
03/31/1997 0.0598 N/A N/A 10.192
02/28/1997 0.0598 N/A N/A 10.268
01/31/1997 0.0598 N/A N/A 10.278
12/31/1996 0.0598 N/A N/A 10.267
11/29/1996 0.0598 N/A N/A 10.337
10/31/1996 0.0598 N/A N/A 10.328
09/30/1996 0.0598 N/A N/A 10.26
08/30/1996 0.0598 N/A N/A 10.216
07/31/1996 0.0576 N/A N/A 10.245
06/28/1996 0.0576 N/A N/A 10.252
05/31/1996 0.0576 N/A N/A 10.228
04/30/1996 0.0576 N/A N/A 10.287
03/29/1996 0.0576 N/A N/A 10.345
02/29/1996 0.0625 N/A N/A 10.40
01/31/1996 0.0625 N/A N/A 10.50
12/29/1995 0.0829 N/A N/A 10.49
11/30/1995 0.0625 N/A N/A 10.50
10/31/1995 0.0625 N/A N/A 10.46
09/29/1995 0.0625 N/A N/A 10.44
08/31/1995 0.0625 N/A N/A 10.44
07/31/1995 0.0655 N/A N/A 10.41
06/30/1995 0.0655 N/A N/A 10.45
05/31/1995 0.0655 N/A N/A 10.48
04/28/1995 0.0655 N/A N/A 10.44
03/31/1995 0.0638 N/A N/A 10.43
02/28/1995 0.0638 N/A N/A 10.41
01/31/1995 0.0638 N/A N/A 10.32
12/30/1994 0.0638 N/A N/A 10.24
11/30/1994 0.0615 N/A N/A 10.29
10/31/1994 0.0615 N/A N/A 10.38
09/30/1994 0.0615 N/A N/A 10.40
08/31/1994 0.0615 N/A N/A 10.49
07/29/1994 0.0615 N/A N/A 10.53
06/30/1994 0.0669 N/A N/A 10.51
05/31/1994 0.0624 N/A N/A 10.53
04/29/1994 0.0625 N/A N/A 10.53
03/31/1994 0.0744 N/A N/A 10.79
02/28/1994 0.0631 N/A N/A 10.97
01/31/1994 0.0591 N/A N/A 10.98
12/31/1993 0.0491 N/A N/A 10.95
11/30/1993 0.0482 N/A N/A 10.93
10/29/1993 0.0504 N/A N/A 11.05
09/30/1993 0.0554 N/A N/A 11.04
08/31/1993 0.0560 N/A N/A 11.10
07/30/1993 0.0608 N/A N/A 11.02
06/30/1993 0.0594 N/A N/A 11.03
05/28/1993 0.0571 N/A N/A 10.92
04/30/1993 0.0655 N/A N/A 10.96
03/31/1993 0.0630 N/A N/A 10.93
02/26/1993 0.0617 N/A N/A 10.94
01/29/1993 0.0592 N/A N/A 10.91
12/31/1992 0.0611 N/A N/A 10.81
11/30/1992 0.0648 N/A N/A 10.74
10/30/1992 0.0700 N/A N/A 10.81
09/30/1992 0.0646 N/A N/A 10.97
08/31/1992 0.0606 N/A N/A 10.96
07/31/1992 0.0701 N/A N/A 10.94
06/30/1992 0.0663 N/A N/A 10.92
05/29/1992 0.0655 N/A N/A 10.83
04/30/1992 0.0647 N/A N/A 10.69
03/31/1992 0.0629 N/A N/A 10.69
02/28/1992 0.0627 N/A N/A 10.78
01/31/1992 0.0732 N/A N/A 10.81
12/31/1991 0.0691 N/A N/A 11.13
11/29/1991 0.0728 N/A N/A 10.83
10/31/1991 0.0730 N/A N/A 10.80
09/30/1991 0.0615 N/A N/A 10.75
08/30/1991 0.0711 N/A N/A 10.63
07/31/1991 0.0690 N/A N/A 10.49
06/28/1991 0.0621 N/A N/A 10.44
05/31/1991 0.0755 N/A N/A 10.49
04/30/1991 0.0757 N/A N/A 10.50
03/28/1991 0.0782 N/A N/A 10.48
02/28/1991 0.0748 N/A N/A 10.49
01/31/1991 0.0783 N/A N/A 10.50
12/31/1990 0.0681 N/A N/A 10.44
11/30/1990 0.0808 N/A N/A 10.33
10/31/1990 0.0727 N/A N/A 10.20
09/28/1990 0.0674 N/A N/A 10.18
08/31/1990 0.0823 N/A N/A 10.19
07/31/1990 0.0724 N/A N/A 10.32
06/29/1990 0.0777 N/A N/A 10.23
05/31/1990 0.0747 N/A N/A 10.15
04/30/1990 0.0719 N/A N/A 9.95
03/30/1990 0.0724 N/A N/A 10.09
02/28/1990 0.0687 N/A N/A 10.13
01/31/1990 0.0748 N/A N/A 10.16
12/29/1989 0.0803 N/A N/A 10.31
11/30/1989 0.0689 N/A N/A 10.33
10/31/1989 0.0742 N/A N/A 10.30
09/29/1989 0.0774 N/A N/A 10.17
08/31/1989 0.0760 N/A N/A 10.19
07/31/1989 0.0707 N/A N/A 10.37
06/30/1989 0.0793 N/A N/A 10.29
05/31/1989 0.0755 N/A N/A 10.09
04/28/1989 0.0711 N/A N/A 9.89
03/31/1989 0.0804 N/A N/A 9.80
02/28/1989 0.0745 N/A N/A 9.87
01/31/1989 0.0706 N/A N/A 10.00
12/30/1988 0.0789 N/A N/A 9.92
11/30/1988 0.0738 N/A N/A 10.06
10/31/1988 0.0733 N/A N/A 10.27
09/30/1988 0.0727 N/A N/A 10.14
08/31/1988 0.0716 N/A N/A 9.99
07/29/1988 0.0724 N/A N/A 10.05
06/30/1988 0.0728 N/A N/A 10.15
05/31/1988 0.0713 N/A N/A 9.97
04/29/1988 0.0707 N/A N/A 10.11
03/31/1988 0.0851 N/A N/A 10.24
02/29/1988 0.0775 N/A N/A 10.41
01/29/1988 0.0678 N/A N/A 10.37
12/31/1987 0.0818 N/A N/A 10.08
11/30/1987 0.0715 N/A N/A 10.05
10/30/1987 0.0705 0.0037 N/A 9.98
09/30/1987 0.0697 N/A N/A 9.72
08/31/1987 0.0644 0.0029 N/A 10.07
07/31/1987 0.0728 0.0047 N/A 10.22
06/30/1987 0.0691 0.0035 N/A 10.28
05/29/1987 0.0670 0.0047 N/A 10.19
04/30/1987 0.0718 0.0014 N/A 10.31
03/31/1987 0.0707 0.0088 N/A 10.74
02/27/1987 0.0775 0.0064 N/A 10.84
01/30/1987 0.0751 0.0081 N/A 10.84
12/31/1986 0.0776 0.0026 N/A 10.71
11/28/1986 0.0653 0.0089 N/A 10.77
10/31/1986 0.0834 0.0027 N/A 10.60
09/30/1986 0.0721 0.0033 N/A 10.51
08/29/1986 0.0771 N/A N/A 10.62
07/31/1986 0.0882 N/A N/A 10.43
06/30/1986 0.0673 N/A N/A 10.37
05/30/1986 0.0821 N/A N/A 10.33
04/30/1986 0.0968 N/A N/A 10.46
as of 08/31/2019

Quality Breakdown

Ratings are based on S&P, Moody's or Fitch, as applicable. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. NR indicates the debtor was not rated, and should not be interpreted as indicating low quality. If securities are rated differently by the rating agencies, the higher rating is applied. Credit ratings are based largely on the rating agency's investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. For more information on the rating methodology, please visit the following NRSRO websites: www.standardandpoors.com and select 'Understanding Ratings' under Rating Resources on the homepage; www.moodys.com and select 'Rating Methodologies' under Research and Ratings on the homepage; www.fitchratings.com and select 'Ratings Definitions' on the homepage.

as of 08/31/2019

Fund Characteristics

3-Year Alpha -0.12%
3-Year Beta 1.03
3-Year R-Squared 0.80
3-Year Sharpe Ratio 0.01
3-Year Standard Deviation 1.14
Number of Securities 557
Total Assets $992,666,755.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Bloomberg Barclays U.S. Government 1-3 Year Index

as of 08/31/2019

Top Fixed-Income Holdings | View all

Holding Name Coupon % Bond Maturity Date % of Total Assets
Federal Home Loan Mortgage Corp 1.880 11/17/2020 9.82
United States Treasury Note/Bond 1.250 01/31/2020 9.16
Federal National Mortgage Association 1.750 07/02/2024 7.67
Federal National Mortgage Association 2.630 01/11/2022 5.04
Federal National Mortgage Association 2.250 04/12/2022 4.11
Mortgage-Linked Amortizing Notes 2.060 01/15/2022 3.31
Federal National Mortgage Association 2.880 09/12/2023 2.98
Fannie Mae or Freddie Mac 3.500 09/01/2049 2.61
Fannie Mae or Freddie Mac 3.000 09/01/2049 2.61
Ginnie Mae II Pool 3.500 09/01/2049 1.82

May not equal 100% due to rounding.

Holdings are subject to change and are not buy/sell recommendations.

 About risk

As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:

Risks of Investing in Debt Securities. Debt securities may be subject to interest rate risk, duration risk, credit risk, credit spread risk, extension risk, reinvestment risk, prepayment risk and event risk. Interest rate risk is the risk that when prevailing interest rates fall, the values of already-issued debt securities generally rise; and when prevailing interest rates rise, the values of already-issued debt securities generally fall, and therefore, those debt securities may be worth less than the amount the Fund paid for them or valued them. When interest rates change, the values of longer-term debt securities usually change more than the values of shorter-term debt securities. Risks associated with rising interest rates are heightened given that interest rates in the U.S. are near historic lows. Duration is a measure of the price sensitivity of a debt security or portfolio to interest rate changes. Duration risk is the risk that longer-duration debt securities will be more volatile and thus more likely to decline in price, and to a greater extent, in a rising interest rate environment than shorter-duration debt securities. Credit risk is the risk that the issuer of a security might not make interest and principal payments on the security as they become due. If an issuer fails to pay interest or repay principal, the Fund’s income or share value might be reduced. Adverse news about an issuer or a downgrade in an issuer’s credit rating, for any reason, can also reduce the market value of the issuer’s securities. “Credit spread” is the difference in yield between securities that is due to differences in their credit quality. There is a risk that credit spreads may increase when the market expects lower-grade bonds to default more frequently. Widening credit spreads may quickly reduce the market values of the Fund’s lower-rated and unrated securities. Some unrated securities may not have an active trading market or may trade less actively than rated securities, which means that the Fund might have difficulty selling them promptly at an acceptable price. Extension risk is the risk that an increase in interest rates could cause prepayments on a debt security to occur at a slower rate than expected. Extension risk is particularly prevalent for a callable security where an increase in interest rates could result in the issuer of that security choosing not to redeem the security as anticipated on the security’s call date. Such a decision by the issuer could have the effect of lengthening the debt security’s expected maturity, making it more vulnerable to interest rate risk and reducing its market value. Reinvestment risk is the risk that when interest rates fall the Fund may be required to reinvest the proceeds from a security’s sale or redemption at a lower interest rate. Callable bonds are generally subject to greater reinvestment risk than non-callable bonds. Prepayment risk is the risk that the issuer may redeem the security prior to the expected maturity or that borrowers may repay the loans that underlie these securities more quickly than expected, thereby causing the issuer of the security to repay the principal prior to the expected maturity. The Fund may need to reinvest the proceeds at a lower interest rate, reducing its income. Event risk is the risk that an issuer could be subject to an event, such as a buyout or debt restructuring, that interferes with its ability to make timely interest and principal payments and cause the value of its debt securities to fall.

Fixed-Income Market Risks. The fixed-income securities market can be susceptible to increases in volatility and decreases in liquidity. Liquidity may decline unpredictably in response to overall economic conditions or credit tightening. During times of reduced market liquidity, the Fund may not be able to readily sell bonds at the prices at which they are carried on the Fund’s books and could experience a loss. If the Fund needed to sell large blocks of bonds to meet shareholder redemption requests or to raise cash, those sales could further reduce the bonds’ prices, particularly for lower-rated and unrated securities. An unexpected increase in redemptions by Fund shareholders (including requests from shareholders who may own a significant percentage of the Fund’s shares), which may be triggered by general market turmoil or an increase in interest rates, as well as other adverse market and economic developments, could cause the Fund to sell its holdings at a loss or at undesirable prices and adversely affect the Fund’s share price and increase the Fund’s liquidity risk, Fund expenses and/or taxable distributions, if applicable. As of the date of this prospectus, interest rates in the U.S. are near historically low levels, increasing the exposure of bond investors to the risks associated with rising interest rates.

Economic and other market developments can adversely affect fixed income securities markets in the United States, Europe and elsewhere. At times, participants in debt securities markets may develop concerns about the ability of certain issuers of debt securities to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt securities to facilitate an orderly market. Those concerns may impact the market price or value of those debt securities and may cause increased volatility in those debt securities or debt securities markets. Under some circumstances, those concerns may cause reduced liquidity in certain debt securities markets, reducing the willingness of some lenders to extend credit, and making it more difficult for borrowers to obtain financing on attractive terms (or at all). A lack of liquidity or other adverse credit market conditions may hamper the Fund’s ability to sell the debt securities in which it invests or to find and purchase suitable debt instruments.

Although the Fund invests in securities that are issued or guaranteed by the U.S. government or its agencies or instrumentalities, the Fund also invests in securities issued by private issuers, which do not have any government guarantees. While the Fund’s investments in U.S. government securities may be subject to little credit risk, the Fund’s other investments in debt securities are subject to risks of default.

Risks of Derivative Investments. Derivatives may involve significant risks. Derivatives may be more volatile than other types of investments, may require the payment of premiums, may increase portfolio turnover, may be illiquid, and may not perform as expected. Derivatives are subject to counterparty risk and the Fund may lose money on a derivative investment if the issuer or counterparty fails to pay the amount due. Some derivatives have the potential for unlimited loss, regardless of the size of the Fund’s initial investment. As a result of these risks, the Fund could realize little or no income or lose money from its investment, or a hedge might be unsuccessful. In addition, pursuant to rules implemented under financial reform legislation, certain over-the-counter derivatives are required to be executed on a regulated market and/or cleared through a clearinghouse. Entering into a derivative transaction with a clearinghouse may entail further risks and costs.
as of 09/20/2019

OPGVX

NAV Change ($)
$4.39 0.01
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 09/20/2019

Yield 

  • Distribution Yield
    with Sales Charge 2.01%
  • Distribution Yield
    without Sales Charge 2.06%
  • SEC 30-Day Yield 1.98%
  • Unsub. 30-day yield 1.88%

Fund Details

  • Distribution Frequency Monthly
  • NASDAQ OPGVX
  • WSJ Abrev. N/A
  • CUSIP 001421247
  • Fund Type Tax-Free Bond
  • Geography Type Domestic
  • Inception Date 03/10/1986
  • Fiscal Year End 09/30
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1667
  • Tax ID 36-6832913