OLTNX

Limited-Term Government Fund

Overview

The Strategy typically invests in limited-term U.S. Government and agency debt securities.

Inception Date
March 1, 2001
Investment Style
Limited Term U.S. Government
Fund Index
Bloomberg Barclays US Govt 1-3 Year Bond Index
CUSIP
001421213
NAV
  • C
(as of 06/17/2019)
$4.37
Total Assets
(as of 05/31/2019)
$1.02 BN
Gross Expense Ratio
(as of 05/25/2019)
1.03%
Net Expense Ratio
(as of 05/25/2019)
1.03%
Performance
Average Annual Total Returns
Dividends
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2019
  • D
as of 03/31/2019
  • D

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • D
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Government Fund (NAV)
0.90% 2.09% 0.63% 0.67% 1.93% 1.99%
Bloomberg Barclays US Govt 1-3 Year Bond Index
0.99% 2.74% 1.00% 0.99% 1.10% -
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Government Fund (with sales charge)
0.90% 2.09% 0.63% 0.67% 1.93% 1.99%
Bloomberg Barclays US Govt 1-3 Year Bond Index
0.99% 2.74% 1.00% 0.99% 1.10% -
Cumulative
Annualized
ytd as of 2019-05-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Government Fund (NAV)
1.89% 3.32% 0.98% 0.76% 1.77% 2.03%
Bloomberg Barclays US Govt 1-3 Year Bond Index
1.94% 3.49% 1.33% 1.11% 1.17% -
Cumulative
Annualized
ytd as of 2019-05-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Government Fund (with sales charge)
1.89% 3.32% 0.98% 0.76% 1.77% 2.03%
Bloomberg Barclays US Govt 1-3 Year Bond Index
1.94% 3.49% 1.33% 1.11% 1.17% -
Gross Expense Ratio: 1.03% | Net Expense Ratio: 1.03%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names.  The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund.  Such performance would have been lower if such charges were taken into account.

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.


Year Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index
2002 5.80% 6.01%
2003 0.93% 2.01%
2004 1.34% 1.07%
2005 1.28% 1.73%
2006 4.11% 4.12%
2007 4.99% 7.10%
2008 -6.48% 6.66%
2009 8.08% 1.41%
2010 5.15% 2.40%
2011 1.25% 1.56%
2012 2.24% 0.51%
2013 -0.76% 0.37%
2014 0.87% 0.64%
2015 0.24% 0.57%
2016 0.40% 0.87%
2017 0.45% 0.45%
2018 0.85% 1.58%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names.  The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund.  Such performance would have been lower if such charges were taken into account.

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.


Date Dividends
6/30/2009 0.0337
7/31/2009 0.0366
8/31/2009 0.0319
9/30/2009 0.0325
10/30/2009 0.0339
11/30/2009 0.0303
12/30/2009 0.0303
1/29/2010 0.0297
2/26/2010 0.027
3/31/2010 0.0258
4/30/2010 0.026
5/28/2010 0.0198
6/30/2010 0.0216
7/30/2010 0.0211
8/31/2010 0.0184
9/30/2010 0.0191
10/29/2010 0.0164
11/30/2010 0.016
12/30/2010 0.0178
1/31/2011 0.0193
2/28/2011 0.0184
3/31/2011 0.0214
4/29/2011 0.0217
5/31/2011 0.0201
6/30/2011 0.0193
7/29/2011 0.0185
8/31/2011 0.017
9/30/2011 0.0158
10/31/2011 0.0138
11/30/2011 0.0159
12/29/2011 0.015
1/31/2012 0.0148
2/29/2012 0.0149
3/30/2012 0.0146
4/30/2012 0.0126
5/31/2012 0.0124
6/29/2012 0.0117
7/31/2012 0.0098
8/31/2012 0.0134
9/28/2012 0.0094
10/31/2012 0.0109
11/30/2012 0.0106
12/28/2012 0.0516
1/31/2013 0.0104
2/28/2013 0.0108
3/28/2013 0.0119
4/30/2013 0.0114
5/31/2013 0.0087
6/28/2013 0.0051
7/31/2013 0.007
8/30/2013 0.0082
9/30/2013 0.0075
10/31/2013 0.0085
11/29/2013 0.0094
12/30/2013 0.0603
1/31/2014 0.0077
2/28/2014 0.0081
3/31/2014 0.0081
4/30/2014 0.0085
5/30/2014 0.0076
6/30/2014 0.0066
7/31/2014 0.0067
8/29/2014 0.0084
9/30/2014 0.0074
10/31/2014 0.0084
11/28/2014 0.0074
12/31/2014 0.0541
1/30/2015 0.0089
2/27/2015 0.0075
3/31/2015 0.008
4/30/2015 0.0088
5/29/2015 0.0083
6/30/2015 0.0082
7/31/2015 0.0088
8/31/2015 0.0085
9/30/2015 0.0066
10/30/2015 0.0043
11/30/2015 0.0041
12/31/2015 0.0194
1/29/2016 0.0037
2/29/2016 0.0041
3/31/2016 0.0033
4/29/2016 0.0037
5/31/2016 0.0036
6/30/2016 0.0033
7/29/2016 0.003
8/31/2016 0.0033
9/30/2016 0.0033
10/31/2016 0.0031
11/30/2016 0.0036
12/30/2016 0.02
1/31/2017 0.0035
2/28/2017 0.0038
3/31/2017 0.0038
4/28/2017 0.0036
5/31/2017 0.0045
6/30/2017 0.0046
7/31/2017 0.0045
8/31/2017 0.0054
9/29/2017 0.005
10/31/2017 0.0044
11/30/2017 0.005
12/29/2017 0.0215
1/31/2018 0.0057
2/28/2018 0.0048
3/29/2018 0.005
4/30/2018 0.0055
5/31/2018 0.0052
6/29/2018 0.006
7/31/2018 0.0061
8/31/2018 0.0066
9/28/2018 0.0055
10/31/2018 0.0055
11/30/2018 0.0067
12/31/2018 0.0238
1/31/2019 0.006
2/28/2019 0.0065
3/29/2019 0.0062
4/30/2019 0.0063
5/31/2019 0.0063

There is no guarantee of the payment of any dividend or other distributions at any level.

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names.  The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund.  Such performance would have been lower if such charges were taken into account.

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.

$ per share as of 06/17/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Fixed Income Sectors

(100.0% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation 6
Country Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
United States 103.0% 100.0% 3.0%
Developed Markets Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
Americas 103.0% 100.0% 3.0%
Credit Rating Allocation Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
Agency 77.9% 4.8% 73.1%
AAA 15.3% 0.1% 15.2%
AA 0.6% - -
A 4.4% - -
BBB 4.0% - -
CCC 0.1% - -
Unrated 0.8% 0.0% 0.8%
Analytics
(As of 05/31/2019)

Morningstar 05/31/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
98
Category
Short Government
Performance Statistics
3Y
5Y
Alpha
-0.34
-0.36
Beta
1.06
1.05
Information Ratio
-0.76
-0.80
R-Squared
80.27
79.68
Sharpe Ratio
-0.39
-0.10
Standard Deviation
1.10
1.01
Sortino Ratio
-0.52
-0.15
Tracking Error
0.46
0.44
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
1.71%
Standardized Yield
2.19%
Unsubsidized Yield
2.16%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
2.91%
-
Yield to Worst
2.59%
2.00%
Current Duration
2.28 yrs
-
Average Coupon
3.40%
-
Convexity
-0.9
0.0
Option Adjusted Spread
40 bps
0 bps
Turnover Ratio
75%
-
Dividends
  • F
Est. Frequency
Monthly
Last Pay Date
5/31/2019
Per Share ($)
$0.0063
12-Month Distribution ($)
$0.0915
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. The fund's investment objective changed from "seeks high current return and safety of principal" to "seeks income" on 12/28/12.
  2. 2. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Mortgage-backed securities are subject to prepayment risk. U.S. Government securities are backed by the full faith and credit of the U.S. Government, meaning, that payment of interest and principal is guaranteed, but yield and market value are not. May invest up to 20% in non-U.S. Government securities, which carry greater credit risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. 
  3. 3. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  4. 4. The Bloomberg Barclays U.S. Government 1-3 Year Bond Index is composed of treasury bond and agency bond indices that have maturities of one to three years. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  5. 5. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  6. 6. If included in the credit rating breakdown table above, all securities except for those labeled “Treasury,” “Agency,” and “Unrated,” have been rated by at least one Nationally Recognized Statistical Rating Organization (“NRSRO”), such as S&P Global Ratings ("S&P"). For securities rated only by an NRSRO other than S&P, OppenheimerFunds converts that rating to the equivalent S&P rating. If two or more NRSROs have assigned a rating to a security, the highest S&P equivalent rating is used. Unrated securities do not necessarily indicate low credit quality, and may or may not be the equivalent of investment-grade. “Investment-grade” securities are securities rated within the NRSRO’s four highest rating categories, which include AAA, AA, A and BBB. Please consult the Fund’s Prospectus and Statement of Additional Information for further information.
  7. 7. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end.  The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date.  For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date.  Each result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  8. 8. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes).  The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  9. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  10. B. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Invesco Oppenheimer Limited-Term Government Fund was rated against the following numbers of Short Government funds over the following time periods: the fund was rated 3 stars among 98 funds in the last three years, 2 stars among 94 in the last five years, and 4 stars among 71 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  11. C. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  12. D. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names.  The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund.  Such performance would have been lower if such charges were taken into account.

    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.
  13. E. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  14. F. There is no guarantee of the payment of any dividend or other distributions at any level.
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