Mutual Fund Insights: Oppenheimer Limited Term CA Muni B Fund (OLCBX)

In-depth Analysis of Oppenheimer Limited Term CA Muni B Fund (OLCBX)

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See Oppenheimer Limited Term CA Muni B Fund (OLCBX) performance details as of January 31, 2010

  

Last Trade: $3.44 on 3/18/2010, Change: 0.00 (0%)

  

Fund Manager - Daniel G. Loughran

Fund Manager Tenure: 4.5 years   [Similar Funds: OLCAX  OLCCX ]
Fundmojo Fund Grade: C (Score: 0.55)     (What does this score mean?)

Loughran has been a senior vice president with OppenheimerFunds, Inc. since 2007 and had been a vice president of OppenheimerFunds, Inc since April 2001 and vice president of the Rochester division of the company since January 1996. He is a portfolio manager and officer of 18 portfolios in the Oppenheimer Funds complex.  Get more insights on Daniel G. Loughran

  

 What we like about Oppenheimer Limited Term CA Muni B Fund (OLCBX)

Data for Oppenheimer Limited Term CA Muni B Fund (OLCBX) as of January 31, 2010

• Oppenheimer Limited Term CA Muni B Fund (OLCBX) management has been with Oppenheimer Limited Term CA Muni B Fund for 4.5 years
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) has good short-term performance (1-year return 14.81% vs 6.78% Muni California Interm/Short category average)
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) has an annual stock turnover rate of 31.00% vs Muni California Interm/Short average of 40.69%. It is good that Oppenheimer Limited Term CA Muni B management does not trade extensively for its return.

  

 What we are cautious about Oppenheimer Limited Term CA Muni B Fund (OLCBX)

Data for Oppenheimer Limited Term CA Muni B Fund (OLCBX) as of January 31, 2010

• Oppenheimer Limited Term CA Muni B Fund is a focused fund with 32.56% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) has a less-than-ideal mid-term performance (3-year return 1.17% vs 3.31% Muni California Interm/Short category average)
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) has a less-than-ideal Long-term performance (5-year return 2.92% vs 3.02% Muni California Interm/Short category average)
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) ratio of up-years vs down years can be improved
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) has a Morningstar rating of 3 and below
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) is less safe compared to its Muni California Interm/Short peers
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) does not have a good risk adjusted return as its 3-year Alpha of -3.22 is worse than category average of -0.68, and its 3-year Sharpe ratio is -0.07
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) is more volatile than its peers as it has a 3-year Standard Deviation of 7.59 that is higher than category average of 5.03
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) has a higher management fee of 2.45% than its Muni California Interm/Short average of 0.85%
• Oppenheimer Limited Term CA Muni B Fund (OLCBX) carries a 4% load

See Oppenheimer Limited Term CA Muni B Fund (OLCBX) performance details as of January 31, 2010

  

  

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Oppenheimer Limited Term CA Muni B Fund (OLCBX) Net Asset

Track net asset change of Oppenheimer Limited Term CA Muni B fund (OLCBX)

Date	Net Asset
01/2010	$1.96M
11/2009	$1.97M
10/2009	$2.08M

More historic net asset information on Oppenheimer Limited Term CA Muni B Fund (OLCBX)

  

Oppenheimer Limited Term CA Muni B Fund (OLCBX) Portfolio Allocation

Track portfolio allocation change of Oppenheimer Limited Term CA Muni B fund (OLCBX)

Date	Cash	Stock	Bond	Other
10/2009	0.93%	0%	99.07%	0%
07/2009	0.96%	0%	99.04%	0%
04/2009	0.64%	0%	99.36%	0%

Click here to see more historic asset allocation information on Oppenheimer Limited Term CA Muni B Fund (OLCBX)

  

Most Recent Top 10 Holdings in Oppenheimer Limited Term CA Muni B Fund (OLCBX)

Discover what Oppenheimer Limited Term CA Muni B Fund (OLCBX) manager is buying

31-Oct-09 Golden St Tob Securitization C Toba 4.5% [6.44%] Inland Empire Tobacco Securiza To 4.625% [6.22%] CALIFORNIA HSG FIN AGY REV HOME MTG [5.36%] California Pollutn Ctl Fing Au Sol 6.75% [2.62%] CALIFORNIA HSG FIN AGY REV HOME MTG [2.61%] California St Various P 5.75% [2.05%] Placentia Calif Redev Agy Tax Tax 7.75% [1.96%] Puerto Rico Indl Tourist Edl M Co 6.625% [1.89%] CALIFORNIA HSG FIN AGY REV HOME MTG [1.88%] Santa Clara Cnty Calif Fing Au Ctfs [1.53%]

31-Jul-09 Golden St Tob Securitization C Toba 4.5% [7.25%] Inland Empire Tobacco Securiza To 4.625% [6.18%] California Hsg Fin Agy Rev Hm Mtg 5.5% [5.56%] California Pollutn Ctl Fing Au Sol 6.75% [2.74%] CALIFORNIA HSG FIN AGY REV HOME MTG [2.72%] TRACY CALIF AREA PUB FACS FING SPL TAX B [2.19%] California St Various P 5.75% [2.13%] Puerto Rico Indl Tourist Edl M Co 6.625% [1.95%] California Hsg Fin Agy Rev Hm Mtg 5.5% [1.95%] Placentia Calif Redev Agy Tax Tax 7.75% [1.94%]

30-Apr-09 Golden St Tob Securitization C Toba 4.5% [12.32%] Inland Empire Tobacco Securiza To 4.625% [5.58%] California Hsg Fin Agy Rev Hm Mtg 5.5% [5.44%] California Hsg Fin Agy Rev Hm Mtg 5% [2.72%] Puerto Rico Indl Tourist Edl M Co 6.625% [2.7%] California St Pub Wks Brd Leas Le 5.625% [2.5%] California Pollutn Ctl Fing Au Sol 6.75% [2.49%] California Hsg Fin Agy Rev Hm Mtg 5.5% [1.97%] Placentia Calif Redev Agy Tax Tax 7.75% [1.8%] California St Dept Vet Affairs Rev 5.45% [1.42%]

Click here for Stock Holding Change Map in Oppenheimer Limited Term CA Muni B Fund (OLCBX)

  

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See more information on Oppenheimer Limited Term CA Muni B Fund (OLCBX)

• Oppenheimer Limited Term CA Muni B Fund Insights
• Oppenheimer Limited Term CA Muni B Fund Performance Data
• Oppenheimer Limited Term CA Muni B Fund News
• Oppenheimer Limited Term CA Muni B Fund Score Explaination
• Oppenheimer Limited Term CA Muni B Fund Manager Information
• Historic Oppenheimer Limited Term CA Muni B Fund Asset Allocation Report
• Historic Oppenheimer Limited Term CA Muni B Fund Top 10 Holding Tracking
• Historic Oppenheimer Limited Term CA Muni B Fund Asset Under Management Tracking