Invesco Oppenheimer Total Return Bond Fund

Fixed Income | US Fixed Income

Objective & Strategy

The Fund seeks total return. The strategy typically invests in U.S. investment-grade fixed income instruments.

as of 08/31/2019

Morningstar Rating

Overall Rating - Intermediate Core Bond Category

As of 08/31/2019 the Fund had an overall rating of 5 stars out of 353 funds and was rated 4 stars out of 353 funds, 4 stars out of 308 funds and 5 stars out of 234 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
Fannie Mae or Freddie Mac 3.500 09/01/2049 4.78
Fannie Mae or Freddie Mac 3.000 09/01/2049 4.58
Ginnie Mae II Pool 3.500 09/01/2049 3.35
Fannie Mae or Freddie Mac 4.500 09/01/2049 2.74
Fannie Mae or Freddie Mac 2.500 09/01/2034 1.13
Fannie Mae or Freddie Mac 3.000 09/01/2034 0.97
Shire Acquisitions Investments Ireland DAC 2.400 09/23/2021 0.47
Synchrony Credit Card Master Note Trust 2.370 03/15/2023 0.46
Citibank Credit Card Issuance Trust 1.920 04/07/2022 0.46
BA Credit Card Trust 1.840 01/17/2023 0.46

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 04/15/1988 N/A 4.51 10.01 10.23 3.27 3.37 5.45
Load 04/15/1988 4.25 4.36 5.36 5.61 1.79 2.47 4.99
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 US Aggregate Bond Index 2.59 4.11 10.17 3.09 3.35 3.91
Bloomberg Barclays U.S. Credit Index 3.13 6.00 12.99 4.47 4.38 5.57
Bloomberg Barclays US Aggregate Bond Index 1.26 3.08 7.87 2.31 2.95 3.90
Bloomberg Barclays U.S. Credit Index 2.26 4.27 10.34 3.74 3.92 5.77

Source: RIMES Technologies Corp.

Source: FactSet Research Systems Inc.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.35
12b-1 Fee 0.25
Other Expenses 0.24
Interest/Dividend Exp N/A
Total Other Expenses 0.24
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) N/A
Total Annual Fund Operating Expenses 0.84
Contractual Waivers/Reimbursements -0.09
Net Expenses - PER PROSPECTUS 0.75
Additional Waivers/Reimbursements N/A
Net Expenses - With Additional Fee Reduction 0.75
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 0.0163 N/A N/A 7.076
07/31/2019 0.0164 N/A N/A 6.922
06/28/2019 0.0173 N/A N/A 6.916
05/31/2019 0.0174 N/A N/A 6.847
04/30/2019 0.0186 N/A N/A 6.757
03/29/2019 0.0183 N/A N/A 6.764
02/28/2019 0.0183 N/A N/A 6.652
01/31/2019 0.0184 N/A N/A 6.656
12/31/2018 0.0195 N/A N/A 6.571
11/30/2018 0.0187 N/A N/A 6.511
10/31/2018 0.0172 N/A N/A 6.517
09/28/2018 0.0169 N/A N/A 6.597
08/31/2018 0.0182 N/A N/A 6.632
07/31/2018 0.0183 N/A N/A 6.619
06/29/2018 0.0183 N/A N/A 6.606
05/31/2018 0.0178 N/A N/A 6.635
04/30/2018 0.0174 N/A N/A 6.629
03/29/2018 0.0171 N/A N/A 6.681
02/28/2018 0.0160 N/A N/A 6.691
01/31/2018 0.0165 N/A N/A 6.785
12/29/2017 0.0196 N/A N/A 6.863
11/30/2017 0.0156 N/A N/A 6.843
10/31/2017 0.0151 N/A N/A 6.871
09/29/2017 0.0154 N/A N/A 6.874
08/31/2017 0.0173 N/A N/A 6.914
07/31/2017 0.0146 N/A N/A 6.887
06/30/2017 0.0166 N/A N/A 6.86
05/31/2017 0.0163 N/A N/A 6.873
04/28/2017 0.0149 N/A N/A 6.83
03/31/2017 0.0146 N/A N/A 6.782
02/28/2017 0.0133 N/A N/A 6.805
01/31/2017 0.0138 N/A N/A 6.769
12/30/2016 0.0152 N/A N/A 6.759
11/30/2016 0.0136 N/A N/A 6.763
10/31/2016 0.0128 N/A N/A 6.944
09/30/2016 0.0134 N/A N/A 7.01
08/31/2016 0.0127 N/A N/A 7.023
07/29/2016 0.0127 N/A N/A 7.036
06/30/2016 0.0140 N/A N/A 6.975
05/31/2016 0.0140 N/A N/A 6.884
04/29/2016 0.0140 N/A N/A 6.892
03/31/2016 0.0149 N/A N/A 6.859
02/29/2016 0.0147 N/A N/A 6.795
01/29/2016 0.0145 N/A N/A 6.793
12/31/2015 0.0243 N/A N/A 6.742
11/30/2015 0.0153 N/A N/A 6.803
10/30/2015 0.0180 N/A N/A 6.832
09/30/2015 0.0178 N/A N/A 6.819
08/31/2015 0.0169 N/A N/A 6.809
07/31/2015 0.0181 N/A N/A 6.858
06/30/2015 0.0174 N/A N/A 6.823
05/29/2015 0.0180 N/A N/A 6.926
04/30/2015 0.0186 N/A N/A 6.973
03/31/2015 0.0182 N/A N/A 7.01
02/27/2015 0.0159 N/A N/A 7.001
01/30/2015 0.0182 N/A N/A 7.04
12/31/2014 0.0247 N/A N/A 6.923
11/28/2014 0.0169 N/A N/A 6.944
10/31/2014 0.0196 N/A N/A 6.923
09/30/2014 0.0177 N/A N/A 6.882
08/29/2014 0.0202 N/A N/A 6.955
07/31/2014 0.0176 N/A N/A 6.90
06/30/2014 0.0166 N/A N/A 6.94
05/30/2014 0.0183 N/A N/A 6.935
04/30/2014 0.0171 N/A N/A 6.87
03/31/2014 0.0198 N/A N/A 6.824
02/28/2014 0.0187 N/A N/A 6.843
01/31/2014 0.0215 N/A N/A 6.801
12/30/2013 0.0471 N/A N/A 6.71
11/29/2013 0.0222 N/A N/A 6.772
10/31/2013 0.0207 N/A N/A 6.807
09/30/2013 0.0199 N/A N/A 6.74
08/30/2013 0.0216 N/A N/A 6.698
07/31/2013 0.0169 N/A N/A 6.744
06/28/2013 0.0189 N/A N/A 6.739
05/31/2013 0.0218 N/A N/A 6.922
04/30/2013 0.0220 N/A N/A 7.053
03/28/2013 0.0230 N/A N/A 6.978
02/28/2013 0.0201 N/A N/A 6.978
01/31/2013 0.0217 N/A N/A 6.972
12/28/2012 0.0239 N/A N/A 7.014
11/30/2012 0.0210 N/A N/A 7.012
10/31/2012 0.0212 N/A N/A 7.024
09/28/2012 0.0185 N/A N/A 6.999
08/31/2012 0.0230 N/A N/A 6.941
07/31/2012 0.0207 N/A N/A 6.92
06/29/2012 0.0209 N/A N/A 6.80
05/31/2012 0.0220 N/A N/A 6.786
04/30/2012 0.0221 N/A N/A 6.761
03/30/2012 0.0255 N/A N/A 6.712
02/29/2012 0.0229 N/A N/A 6.743
01/31/2012 0.0224 N/A N/A 6.711
12/29/2011 0.0372 N/A N/A 6.618
11/30/2011 0.0225 N/A N/A 6.568
10/31/2011 0.0197 N/A N/A 6.628
09/30/2011 0.0221 N/A N/A 6.609
08/31/2011 0.0238 N/A N/A 6.616
07/29/2011 0.0247 N/A N/A 6.609
06/30/2011 0.0247 N/A N/A 6.525
05/31/2011 0.0258 N/A N/A 6.606
04/29/2011 0.0265 N/A N/A 6.567
03/31/2011 0.0252 N/A N/A 6.495
02/28/2011 0.0239 N/A N/A 6.51
01/31/2011 0.0253 N/A N/A 6.477
12/30/2010 0.0339 N/A N/A 6.439
11/30/2010 0.0216 N/A N/A 6.544
10/29/2010 0.0200 N/A N/A 6.588
09/30/2010 0.0215 N/A N/A 6.579
08/31/2010 0.0232 N/A N/A 6.553
07/30/2010 0.0286 N/A N/A 6.45
06/30/2010 0.0289 N/A N/A 6.356
05/28/2010 0.0250 N/A N/A 6.292
04/30/2010 0.0282 N/A N/A 6.318
03/31/2010 0.0291 N/A N/A 6.227
02/26/2010 0.0286 N/A N/A 6.215
01/29/2010 0.0304 N/A N/A 6.221
12/30/2009 0.0317 N/A N/A 6.132
11/30/2009 0.0317 N/A N/A 6.177
10/30/2009 0.0334 N/A N/A 6.143
09/30/2009 0.0312 N/A N/A 6.095
08/31/2009 0.0289 N/A N/A 5.986
07/31/2009 0.0322 N/A N/A 5.864
06/30/2009 0.0280 N/A N/A 5.685
05/29/2009 0.0290 N/A N/A 5.633
04/30/2009 0.0346 N/A N/A 5.458
03/31/2009 0.0408 N/A N/A 5.383
02/27/2009 0.0415 N/A N/A 5.331
01/30/2009 0.0436 N/A N/A 5.787
12/30/2008 0.0427 N/A N/A 6.126
11/28/2008 0.0423 N/A N/A 5.921
10/31/2008 0.0513 N/A N/A 7.384
09/30/2008 0.0439 N/A N/A 8.483
08/29/2008 0.0536 N/A N/A 9.28
07/31/2008 0.0534 N/A N/A 9.462
06/30/2008 0.0477 N/A N/A 9.767
05/30/2008 0.0506 N/A N/A 10.014
04/30/2008 0.0455 N/A N/A 9.977
03/31/2008 0.0434 N/A N/A 9.728
02/29/2008 0.0441 N/A N/A 9.818
01/31/2008 0.0441 N/A N/A 10.15
12/28/2007 0.0395 N/A N/A 10.142
11/30/2007 0.0444 N/A N/A 10.137
10/31/2007 0.0418 N/A N/A 10.18
09/28/2007 0.0370 N/A N/A 10.189
08/31/2007 0.0460 N/A N/A 10.111
07/31/2007 0.0405 N/A N/A 10.069
06/29/2007 0.0422 N/A N/A 10.083
05/31/2007 0.0421 N/A N/A 10.168
04/30/2007 0.0389 N/A N/A 10.276
03/30/2007 0.0431 N/A N/A 10.256
02/28/2007 0.0420 N/A N/A 10.305
01/31/2007 0.0408 N/A N/A 10.198
12/28/2006 0.0579 N/A N/A 10.232
11/30/2006 0.0408 N/A N/A 10.329
10/31/2006 0.0393 N/A N/A 10.251
09/29/2006 0.0414 N/A N/A 10.213
08/31/2006 0.0409 N/A N/A 10.153
07/31/2006 0.0376 N/A N/A 10.04
06/30/2006 0.0402 N/A N/A 9.948
05/31/2006 0.0387 N/A N/A 9.973
04/28/2006 0.0357 N/A N/A 10.025
03/31/2006 0.0409 N/A N/A 10.084
02/28/2006 0.0375 N/A N/A 10.21
01/31/2006 0.0391 N/A N/A 10.213
12/29/2005 0.0546 N/A N/A 10.245
11/30/2005 0.0367 N/A N/A 10.194
10/31/2005 0.0323 N/A N/A 10.203
09/30/2005 0.0370 N/A N/A 10.305
08/31/2005 0.0372 N/A N/A 10.434
07/29/2005 0.0328 N/A N/A 10.376
06/30/2005 0.0369 N/A N/A 10.453
05/31/2005 0.0352 N/A N/A 10.445
04/29/2005 0.0374 N/A N/A 10.384
03/31/2005 0.0362 N/A N/A 10.299
02/28/2005 0.0315 N/A N/A 10.41
01/31/2005 0.0336 N/A N/A 10.483
12/30/2004 0.0914 N/A N/A 10.411
11/30/2004 0.0328 N/A N/A 10.425
10/29/2004 0.0321 N/A N/A 10.52
09/30/2004 0.0328 N/A N/A 10.469
08/31/2004 0.0360 N/A N/A 10.464
07/30/2004 0.0367 N/A N/A 10.308
06/30/2004 0.0361 N/A N/A 10.234
05/28/2004 0.0285 N/A N/A 10.202
04/30/2004 0.0286 N/A N/A 10.293
03/31/2004 0.0271 N/A N/A 10.574
02/27/2004 0.0260 N/A N/A 10.51
01/30/2004 0.0304 N/A N/A 10.437
12/30/2003 0.0286 N/A N/A 10.372
11/28/2003 0.0249 N/A N/A 10.288
10/31/2003 0.0284 N/A N/A 10.266
09/30/2003 0.0269 N/A N/A 10.394
08/29/2003 0.0286 N/A N/A 10.135
07/31/2003 0.0271 N/A N/A 10.088
06/30/2003 0.0263 N/A N/A 10.426
05/30/2003 0.0308 N/A N/A 10.479
04/30/2003 0.0312 N/A N/A 10.326
03/31/2003 0.0294 N/A N/A 10.224
02/28/2003 0.0280 N/A N/A 10.26
01/31/2003 0.0357 N/A N/A 10.124
12/30/2002 0.0326 N/A N/A 10.15
11/29/2002 0.0385 N/A N/A 9.981
10/31/2002 0.0336 N/A N/A 9.886
09/30/2002 0.0294 N/A N/A 10.015
08/30/2002 0.0416 N/A N/A 9.887
07/31/2002 0.0357 N/A N/A 9.709
06/28/2002 0.0392 N/A N/A 9.642
05/31/2002 0.0520 N/A N/A 9.596
04/30/2002 0.0700 N/A N/A 9.594
03/28/2002 0.0717 N/A N/A 9.526
02/28/2002 0.0552 N/A N/A 9.754
01/31/2002 0.0438 N/A N/A 9.742
12/28/2001 0.0704 N/A N/A 9.657
11/30/2001 0.0744 N/A N/A 9.906
10/31/2001 0.0604 N/A N/A 10.263
09/28/2001 0.0554 N/A N/A 10.108
08/31/2001 0.0711 N/A N/A 10.153
07/31/2001 0.0542 N/A N/A 10.091
06/29/2001 0.0604 N/A N/A 9.932
05/31/2001 0.0586 N/A N/A 9.941
04/30/2001 0.0521 N/A N/A 9.884
03/30/2001 0.0604 N/A N/A 9.996
02/28/2001 0.0581 N/A N/A 9.997
01/31/2001 0.0577 N/A N/A 9.946
12/28/2000 0.0634 N/A N/A 9.791
11/30/2000 0.0566 N/A N/A 9.705
10/31/2000 0.0556 N/A N/A 9.674
09/29/2000 0.0671 N/A N/A 9.771
08/31/2000 0.0617 N/A N/A 9.86
07/31/2000 0.0572 N/A N/A 9.801
06/30/2000 0.0665 N/A N/A 9.77
05/31/2000 0.0602 N/A N/A 9.621
04/28/2000 0.0542 N/A N/A 9.723
03/31/2000 0.0703 N/A N/A 9.872
02/29/2000 0.0579 N/A N/A 9.873
01/31/2000 0.0630 N/A N/A 9.855
12/30/1999 0.0632 N/A N/A 9.993
11/30/1999 0.0613 N/A N/A 10.077
10/29/1999 0.0598 N/A N/A 10.088
09/30/1999 0.0627 N/A N/A 10.111
08/31/1999 0.0568 N/A N/A 10.126
07/30/1999 0.0625 N/A N/A 10.232
06/30/1999 0.0599 N/A N/A 10.329
05/28/1999 0.0542 N/A N/A 10.476
04/30/1999 0.0607 N/A N/A 10.628
03/31/1999 0.0609 N/A N/A 10.642
02/26/1999 0.0531 N/A N/A 10.636
01/29/1999 0.0570 N/A N/A 10.91
12/31/1998 0.0599 N/A N/A 10.861
11/30/1998 0.0550 N/A N/A 10.875
10/30/1998 0.0586 N/A N/A 10.818
09/30/1998 0.0579 N/A N/A 11.031
08/31/1998 0.0553 N/A N/A 10.952
07/31/1998 0.0610 N/A N/A 10.974
06/30/1998 0.0610 N/A N/A 11.022
05/29/1998 0.0580 N/A N/A 10.996
04/30/1998 0.0569 N/A N/A 10.942
03/31/1998 0.0633 N/A N/A 10.969
02/27/1998 0.0592 N/A N/A 10.993
01/30/1998 0.0643 N/A N/A 11.062
12/31/1997 0.0677 N/A N/A 10.971
11/28/1997 0.0591 N/A N/A 10.953
10/31/1997 0.0686 N/A N/A 10.957
09/30/1997 0.0591 N/A N/A 10.888
08/29/1997 0.0679 N/A N/A 10.768
07/31/1997 0.0635 N/A N/A 10.949
06/30/1997 0.0620 N/A N/A 10.705
05/30/1997 0.0654 N/A N/A 10.634
04/30/1997 0.0637 N/A N/A 10.558
03/31/1997 0.0637 N/A N/A 10.492
02/28/1997 0.0618 N/A N/A 10.68
01/31/1997 0.0701 N/A N/A 10.663
12/31/1996 0.0661 N/A N/A 10.697
11/29/1996 0.0670 N/A N/A 10.794
10/31/1996 0.0665 N/A N/A 10.674
09/30/1996 0.0598 N/A N/A 10.544
08/30/1996 0.0688 N/A N/A 10.414
07/31/1996 0.0652 N/A N/A 10.47
06/28/1996 0.0581 N/A N/A 10.498
05/31/1996 0.0684 N/A N/A 10.465
04/30/1996 0.0649 N/A N/A 10.527
03/29/1996 0.0670 N/A N/A 10.637
02/29/1996 0.0641 N/A N/A 10.78
01/31/1996 0.0655 N/A N/A 11.00
12/29/1995 0.0655 N/A N/A 10.98
11/30/1995 0.0620 N/A N/A 10.89
10/31/1995 0.0595 N/A N/A 10.82
09/29/1995 0.0576 N/A N/A 10.75
08/31/1995 0.0536 N/A N/A 10.73
07/31/1995 0.0480 N/A N/A 10.68
06/30/1995 0.0556 N/A N/A 10.81
05/31/1995 0.0550 N/A N/A 10.79
04/28/1995 0.0514 N/A N/A 10.42
03/31/1995 0.0615 N/A N/A 10.33
02/28/1995 0.0542 N/A N/A 10.31
01/31/1995 0.0582 N/A N/A 10.13
12/30/1994 0.0956 N/A N/A 10.01
11/30/1994 0.0551 N/A N/A 10.04
10/31/1994 0.0519 N/A N/A 10.11
09/30/1994 0.0569 N/A N/A 10.19
08/31/1994 0.0553 N/A N/A 10.39
07/29/1994 0.0563 N/A N/A 10.43
06/30/1994 0.0531 N/A N/A 10.31
05/31/1994 0.0510 N/A N/A 10.39
04/29/1994 0.0472 N/A N/A 10.45
03/31/1994 0.0590 N/A N/A 10.61
02/28/1994 0.0504 N/A N/A 10.92
01/31/1994 0.0525 N/A N/A 11.21
12/31/1993 0.0539 N/A N/A 11.12
11/30/1993 0.0574 N/A N/A 11.13
10/29/1993 0.0565 N/A N/A 11.34
09/30/1993 0.0530 N/A N/A 11.35
08/30/1993 0.0590 N/A N/A 11.35
07/29/1993 0.0810 N/A N/A 11.18
06/16/1993 0.0560 N/A N/A 11.11
05/19/1993 0.0600 N/A N/A 11.05
04/21/1993 0.0600 N/A N/A 11.16
03/17/1993 0.0600 N/A N/A 11.06
02/17/1993 0.0600 N/A N/A 10.99
01/20/1993 0.0500 N/A N/A 10.79
12/16/1992 0.0850 N/A N/A 10.73
11/18/1992 0.0600 N/A N/A 10.79
10/21/1992 0.0600 N/A N/A 10.83
09/16/1992 0.0600 N/A N/A 11.05
08/19/1992 0.0600 N/A N/A 10.99
07/15/1992 0.0600 N/A N/A 10.80
06/16/1992 0.0620 N/A N/A 10.60
05/19/1992 0.0650 N/A N/A 10.61
04/14/1992 0.0610 N/A N/A 10.53
03/17/1992 0.0650 N/A N/A 10.38
02/18/1992 0.0650 N/A N/A 10.47
01/14/1992 0.0600 N/A N/A 10.67
12/17/1991 0.0760 N/A N/A 10.55
11/19/1991 0.0650 N/A N/A 10.47
10/15/1991 0.0600 N/A N/A 10.37
09/17/1991 0.0650 N/A N/A 10.29
08/20/1991 0.0650 N/A N/A 10.25
07/23/1991 0.0620 N/A N/A 9.98
06/25/1991 0.0650 N/A N/A 9.93
05/28/1991 0.0650 N/A N/A 10.03
04/30/1991 0.0650 N/A N/A 10.04
04/02/1991 0.0650 N/A N/A 9.98
02/27/1991 0.0650 N/A N/A 9.97
01/30/1991 0.0650 N/A N/A 10.03
12/28/1990 0.0640 N/A N/A 9.78
11/29/1990 0.0750 N/A N/A 9.93
10/30/1990 0.0700 N/A N/A 9.79
09/27/1990 0.0750 N/A N/A 9.69
08/30/1990 0.0750 N/A N/A 9.81
07/30/1990 0.0750 N/A N/A 9.90
06/28/1990 0.0700 N/A N/A 9.96
05/30/1990 0.0700 N/A N/A 10.06
04/27/1990 0.0700 N/A N/A 9.84
03/29/1990 0.0800 N/A N/A 9.93
02/27/1990 0.0800 N/A N/A 9.93
01/30/1990 0.0800 N/A N/A 10.12
12/28/1989 0.2200 N/A N/A 10.29
09/28/1989 0.2300 N/A N/A 10.36
06/29/1989 0.2400 N/A N/A 10.45
03/30/1989 0.2500 N/A N/A 10.02
12/29/1988 0.2500 N/A N/A 10.11
09/29/1988 0.2400 N/A N/A 10.37
as of 08/31/2019

Fund Characteristics

3-Year Alpha 0.29%
3-Year Beta 0.92
3-Year R-Squared 0.92
3-Year Sharpe Ratio 0.55
3-Year Standard Deviation 3.20
Number of Securities 736
Total Assets $2,153,005,905.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Bloomberg Barclays US Aggregate Bond Index

as of 08/31/2019

Top Fixed-Income Holdings | View all

Holding Name Coupon % Bond Maturity Date % of Total Assets
Fannie Mae or Freddie Mac 3.500 09/01/2049 4.78
Fannie Mae or Freddie Mac 3.000 09/01/2049 4.58
Ginnie Mae II Pool 3.500 09/01/2049 3.35
Fannie Mae or Freddie Mac 4.500 09/01/2049 2.74
Fannie Mae or Freddie Mac 2.500 09/01/2034 1.13
Fannie Mae or Freddie Mac 3.000 09/01/2034 0.97
Shire Acquisitions Investments Ireland DAC 2.400 09/23/2021 0.47
Synchrony Credit Card Master Note Trust 2.370 03/15/2023 0.46
Citibank Credit Card Issuance Trust 1.920 04/07/2022 0.46
BA Credit Card Trust 1.840 01/17/2023 0.46

May not equal 100% due to rounding.

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

as of 08/31/2019

Top Industries

  % of Total Assets
Thrifts & Mortgage Finance 11.59
Diversified Banks 5.68
Oil & Gas Storage & Transportation 2.01
Packaged Foods & Meats 1.63
Integrated Telecommunication Services 1.39
Regional Banks 1.21
Pharmaceuticals 1.20
Investment Banking & Brokerage 1.18
Electric Utilities 1.08
Oil & Gas Exploration & Production 1.05

May not equal 100% due to rounding.

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

 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 capital gain distributions to shareholders, 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.

Risks of Below-Investment-Grade Securities. As compared to investment-grade debt securities, below-investment grade debt securities (also referred to as “junk” bonds), whether rated or unrated, may be subject to greater price fluctuations and increased credit risk, as the issuer might not be able to pay interest and principal when due, especially during times of weakening economic conditions or rising interest rates. Credit rating downgrades of a single issuer or related similar issuers whose securities the Fund holds in significant amounts could substantially and unexpectedly increase the Fund’s exposure to below-investment-grade securities and the risks associated with them, especially liquidity and default risk. The market for below-investment-grade securities may be less liquid and therefore these securities may be harder to value or sell at an acceptable price, especially during times of market volatility or decline.

Because the Fund can invest up to 20% of its total assets in lower-grade securities, the Fund’s credit risks are greater than those funds that buy only investment grade securities. This restriction is applied at the time of purchase and the Fund may continue to hold a security whose credit rating has been downgraded or, in the case of an unrated security, after the investment adviser has changed its assessment of the security’s credit quality. As a result, credit rating downgrades or other market fluctuations may cause the Fund’s holdings of below-investment-grade securities to exceed, at times significantly, this restriction for an extended period of time. Credit rating downgrades of a single issuer or related similar issuers whose securities the Fund holds in significant amounts could substantially and unexpectedly increase the Fund’s exposure to below-investment-grade securities and the risks associated with them, especially liquidity and default risk. If the Fund has more than 20% of its total assets invested in below-investment-grade securities, the investment adviser will not purchase additional below-investment-grade securities until the level of holdings in those securities no longer exceeds the restriction.

Risks of Foreign Investing. Foreign securities are subject to special risks. Securities traded in foreign markets may be less liquid and more volatile than those traded in U.S. markets. Foreign issuers are usually not subject to the same accounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund to evaluate a foreign company’s operations or financial condition. A change in the value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of investments denominated in that foreign currency and in the value of any income or distributions the Fund may receive on those investments. The value of foreign investments may be affected by exchange control regulations, foreign taxes, higher transaction and other costs, delays in the settlement of transactions, changes in economic or monetary policy in the United States or abroad, expropriation or nationalization of a company’s assets, or other political and economic factors. In addition, due to the inter-relationship of global economies and financial markets, changes in political and economic factors in one country or region could adversely affect conditions in another country or region. Investments in foreign securities may also expose the Fund to time-zone arbitrage risk. Foreign securities may trade on weekends or other days when the Fund does not price its shares. As a result, the value of the Fund’s net assets may change on days when you will not be able to purchase or redeem the Fund’s shares. At times, the Fund may emphasize investments in a particular country or region and may be subject to greater risks from adverse events that occur in that country or region. Foreign securities and foreign currencies held in foreign banks and securities depositories may be subject to only limited or no regulatory oversight.

Risks of Developing and Emerging Markets. Investments in developing and emerging markets are subject to all the risks associated with foreign investing, however, these risks may be magnified in developing and emerging markets. Developing or emerging market countries may have less welldeveloped securities markets and exchanges that may be substantially less liquid than those of more developed markets. Settlement procedures in developing or emerging markets may differ from those of more established securities markets, and settlement delays may result in the inability to invest assets or to dispose of portfolio securities in a timely manner. Securities prices in developing or emerging markets may be significantly more volatile than is the case in more developed nations of the world, and governments of developing or emerging market countries may also be more unstable than the governments of more developed countries. Such countries’ economies may be more dependent on relatively few industries or investors that may be highly vulnerable to local and global changes. Developing or emerging market countries also may be subject to social, political or economic instability. The value of developing or emerging market countries’ currencies may fluctuate more than the currencies of countries with more mature markets. Investments in developing or emerging market countries may be subject to greater risks of government restrictions, including confiscatory taxation, expropriation or nationalization of a company’s assets, restrictions on foreign ownership of local companies, restrictions on withdrawing assets from the country, protectionist measures, and practices such as share blocking. In addition, the ability of foreign entities to participate in privatization programs of certain developing or emerging market countries may be limited by local law. Investments in securities of issuers in developing or emerging market countries may be considered speculative.

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

OPIGX

NAV Change ($)
$7.01 0.02
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 2.68%
  • Distribution Yield
    without Sales Charge 2.80%
  • SEC 30-Day Yield 1.92%
  • Unsub. 30-day yield 1.82%

Fund Details

  • Distribution Frequency Monthly
  • NASDAQ OPIGX
  • WSJ Abrev. N/A
  • CUSIP 00143W107
  • Fund Type Tax Bond
  • Geography Type Domestic
  • Inception Date 04/15/1988
  • Fiscal Year End 12/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1498
  • Tax ID 04-2509354