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RMUCX

Rochester® Fund Municipals

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Overview

The Strategy typically invests in New York municipal bonds.

Inception Date
March 17, 1997
Investment Style
Single-State
Fund Index
Bloomberg Barclays Municipal Index
CUSIP
771362308
NAV
  • A
(as of 06/21/2018)
$15.43
Total Assets
(as of 05/31/2018)
$5.11 BN
Gross Expense Ratio
(as of 05/31/2018)
1.81%
Net Expense Ratio
(as of 05/31/2018)
1.81%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2018
  • B
as of 03/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Fund Municipals (NAV)
3.00% 3.43% 3.61% 2.30% 4.12% 4.22%
Bloomberg Barclays Municipal Index
-1.11% 2.66% 2.25% 2.73% 4.40% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Fund Municipals (with sales charge)
2.00% 2.43% 3.61% 2.30% 4.12% 4.22%
Bloomberg Barclays Municipal Index
-1.11% 2.66% 2.25% 2.73% 4.40% -
Cumulative
Annualized
ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Fund Municipals (NAV)
6.90% 4.15% 4.80% 2.80% 4.19% 4.37%
Bloomberg Barclays Municipal Index
-0.33% 1.11% 2.79% 2.92% 4.30% -
Cumulative
Annualized
ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Fund Municipals (with sales charge)
5.90% 3.15% 4.80% 2.80% 4.19% 4.37%
Bloomberg Barclays Municipal Index
-0.33% 1.11% 2.79% 2.92% 4.30% -
Gross Expense Ratio: 1.81% | Net Expense Ratio: 1.73%

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. Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Rochester® Fund Municipals Bloomberg Barclays Municipal Index
1998 5.56% 6.48%
1999 -6.32% -2.06%
2000 11.06% 11.68%
2001 4.19% 5.13%
2002 4.57% 9.60%
2003 7.14% 5.31%
2004 6.40% 4.48%
2005 7.78% 3.51%
2006 7.40% 4.84%
2007 -2.39% 3.36%
2008 -31.49% -2.47%
2009 43.82% 12.91%
2010 2.75% 2.38%
2011 10.56% 10.70%
2012 12.00% 6.78%
2013 -11.63% -2.55%
2014 13.50% 9.05%
2015 1.02% 3.30%
2016 5.18% 0.25%
2017 3.32% 5.45%

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. Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Rochester® Fund Municipals Bloomberg Barclays Municipal Index BBG Barclays Agg
5/31/2008 0.00 0.00 0.00
6/30/2008 -1.61 -1.13 -0.08
7/31/2008 -3.12 -0.75 -0.16
8/31/2008 -1.41 0.41 0.79
9/30/2008 -11.61 -4.30 -0.57
10/31/2008 -22.37 -5.28 -2.92
11/30/2008 -25.07 -4.98 0.24
12/31/2008 -29.99 -3.59 3.99
1/31/2009 -23.74 -0.06 3.07
2/28/2009 -21.44 0.46 2.68
3/31/2009 -22.85 0.48 4.11
4/30/2009 -18.05 2.49 4.60
5/31/2009 -12.23 3.57 5.36
6/30/2009 -13.93 2.60 5.96
7/31/2009 -12.59 4.32 7.67
8/31/2009 -6.74 6.10 8.79
9/30/2009 3.68 9.91 9.93
10/31/2009 -0.14 7.60 10.47
11/30/2009 -0.24 8.49 11.90
12/31/2009 0.69 8.86 10.15
1/31/2010 1.85 9.43 11.83
2/28/2010 3.46 10.49 12.25
3/31/2010 4.57 10.22 12.11
4/30/2010 6.68 11.56 13.28
5/31/2010 7.94 12.40 14.23
6/30/2010 6.83 12.46 16.03
7/31/2010 8.38 13.87 17.26
8/31/2010 11.65 16.47 18.77
9/30/2010 12.32 16.29 18.90
10/31/2010 12.81 15.97 19.32
11/30/2010 7.45 13.65 18.64
12/31/2010 3.45 11.45 17.36
1/31/2011 0.40 10.63 17.49
2/28/2011 1.37 12.39 17.79
3/31/2011 0.39 12.01 17.85
4/30/2011 2.33 14.02 19.35
5/31/2011 5.29 15.97 20.91
6/30/2011 7.45 16.37 20.55
7/31/2011 8.95 17.56 22.47
8/31/2011 9.26 19.57 24.26
9/30/2011 13.25 20.81 25.16
10/31/2011 12.14 20.36 25.29
11/30/2011 11.43 21.07 25.18
12/31/2011 14.38 23.37 26.56
1/31/2012 18.85 26.23 27.67
2/29/2012 19.78 26.35 27.64
3/31/2012 20.12 25.53 26.94
4/30/2012 21.90 26.98 28.35
5/31/2012 23.24 28.03 29.51
6/30/2012 23.13 27.89 29.56
7/31/2012 25.43 29.92 31.35
8/31/2012 25.87 30.07 31.44
9/30/2012 26.30 30.86 31.62
10/31/2012 27.22 31.23 31.87
11/30/2012 29.86 33.39 32.08
12/31/2012 28.10 31.74 31.89
1/31/2013 30.39 32.29 30.97
2/28/2013 31.10 32.69 31.63
3/31/2013 29.66 32.11 31.73
4/30/2013 31.88 33.56 33.07
5/31/2013 31.30 31.93 30.69
6/30/2013 24.08 28.20 28.67
7/31/2013 19.59 27.07 28.85
8/31/2013 13.27 25.26 28.19
9/30/2013 15.59 27.96 29.40
10/31/2013 16.94 28.97 30.45
11/30/2013 15.67 28.70 29.96
12/31/2013 13.20 28.37 29.23
1/31/2014 16.79 30.88 31.14
2/28/2014 20.30 32.41 31.83
3/31/2014 20.32 32.63 31.61
4/30/2014 21.30 34.23 32.72
5/31/2014 24.98 35.95 34.23
6/30/2014 23.04 36.07 34.30
7/31/2014 22.50 36.31 33.96
8/31/2014 26.32 37.96 35.44
9/30/2014 26.71 38.10 34.52
10/31/2014 26.69 39.05 35.84
11/30/2014 27.58 39.29 36.81
12/31/2014 28.49 39.99 36.93
1/31/2015 31.04 42.47 39.81
2/28/2015 30.88 41.00 38.49
3/31/2015 30.59 41.41 39.13
4/30/2015 29.66 40.67 38.64
5/31/2015 30.98 40.28 38.30
6/30/2015 26.43 40.15 36.79
7/31/2015 26.84 41.17 37.74
8/31/2015 27.55 41.45 37.55
9/30/2015 29.12 42.47 38.48
10/31/2015 29.86 43.04 38.50
11/30/2015 30.19 43.61 38.13
12/31/2015 29.80 44.61 37.69
1/31/2016 30.71 46.34 39.58
2/29/2016 31.51 46.57 40.57
3/31/2016 32.13 47.03 41.86
4/30/2016 32.83 48.12 42.41
5/31/2016 34.32 48.52 42.44
6/30/2016 39.81 50.88 45.00
7/31/2016 40.50 50.97 45.92
8/31/2016 41.00 51.17 45.75
9/30/2016 42.02 50.42 45.67
10/31/2016 40.79 48.84 44.55
11/30/2016 35.75 43.29 41.13
12/31/2016 36.52 44.97 41.33
1/31/2017 38.13 45.93 41.61
2/28/2017 39.64 46.94 42.56
3/31/2017 40.46 47.26 42.49
4/30/2017 43.56 48.33 43.59
5/31/2017 44.77 50.68 44.69
6/30/2017 44.79 50.14 44.55
7/31/2017 44.81 51.36 45.17
8/31/2017 45.85 52.51 46.47
9/30/2017 43.54 51.73 45.77
10/31/2017 41.38 52.11 45.86
11/30/2017 39.83 51.29 45.67
12/31/2017 41.05 52.87 46.34
1/31/2018 40.85 51.07 44.65
2/28/2018 41.67 50.62 43.28
3/31/2018 45.27 51.18 44.20
4/30/2018 46.51 50.64 43.13
5/31/2018 50.78 52.36 44.15
Date Dividends
6/24/2008 0.0618
7/22/2008 0.0629
8/26/2008 0.0604
9/23/2008 0.063
10/28/2008 0.0623
11/25/2008 0.0652
12/30/2008 0.0637
1/27/2009 0.0661
2/24/2009 0.0654
3/24/2009 0.0666
4/21/2009 0.0665
5/26/2009 0.0637
6/23/2009 0.0657
7/28/2009 0.0635
8/25/2009 0.0655
9/22/2009 0.0659
10/27/2009 0.0626
11/24/2009 0.0656
12/30/2009 0.0651
1/26/2010 0.0691
2/23/2010 0.0684
3/23/2010 0.0684
4/27/2010 0.0675
5/25/2010 0.0702
6/22/2010 0.0703
7/27/2010 0.0676
8/24/2010 0.07
9/21/2010 0.0699
10/26/2010 0.068
11/23/2010 0.0711
12/30/2010 0.0679
1/25/2011 0.0732
2/22/2011 0.0722
3/22/2011 0.0721
4/26/2011 0.1197
5/24/2011 0.072
6/21/2011 0.0718
7/26/2011 0.0691
8/23/2011 0.0716
9/27/2011 0.0689
10/25/2011 0.0714
11/22/2011 0.0714
12/29/2011 0.0672
1/24/2012 0.0737
2/21/2012 0.0721
3/27/2012 0.0693
4/24/2012 0.072
5/22/2012 0.0719
6/26/2012 0.0691
7/24/2012 0.0719
8/28/2012 0.068
9/25/2012 0.0708
10/23/2012 0.0704
11/27/2012 0.0678
12/28/2012 0.0661
1/22/2013 0.0711
2/19/2013 0.0685
3/26/2013 0.0658
4/23/2013 0.0688
5/28/2013 0.0656
6/25/2013 0.0689
7/23/2013 0.0676
8/27/2013 0.0656
9/24/2013 0.0685
10/22/2013 0.0683
11/26/2013 0.0667
12/30/2013 0.0672
1/28/2014 0.0695
2/25/2014 0.0694
3/25/2014 0.0702
4/22/2014 0.0703
5/27/2014 0.0676
6/24/2014 0.07
7/22/2014 0.0704
8/26/2014 0.0678
9/23/2014 0.07
10/28/2014 0.0675
11/25/2014 0.071
12/31/2014 0.0681
1/27/2015 0.0713
2/24/2015 0.0709
3/24/2015 0.0709
4/21/2015 0.071
5/26/2015 0.0686
6/23/2015 0.0711
7/28/2015 0.069
8/25/2015 0.0694
9/22/2015 0.0694
10/27/2015 0.0669
11/24/2015 0.0694
12/31/2015 0.0664
1/26/2016 0.0701
2/23/2016 0.0674
3/22/2016 0.0674
4/26/2016 0.065
5/24/2016 0.0674
6/21/2016 0.0643
7/26/2016 0.0615
8/23/2016 0.061
9/27/2016 0.0585
10/25/2016 0.061
11/22/2016 0.0571
12/30/2016 0.0537
1/24/2017 0.0587
2/21/2017 0.0543
3/28/2017 0.0519
4/25/2017 0.0552
5/23/2017 0.0553
6/27/2017 0.0489
7/25/2017 0.0472
8/22/2017 0.0472
9/26/2017 0.045
10/24/2017 0.0414
11/21/2017 0.0415
12/29/2017 0.0339
1/23/2018 0.0391
2/20/2018 0.0376
3/27/2018 0.0324
4/24/2018 0.0343
5/22/2018 0.0343

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. Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 06/21/2018

Date 2013 2014 2015 2016 2017
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

(107.8% of assets as of 05/31/2018)


Portfolio Holdings Breakdown

Asset Allocation
State
Credit Rating Allocation 7
Asset Allocation Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
Municipal 111.6% 100.0% 11.6%
Equity 0.1% - -
State Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
New York 87.6% 15.6% 72.0%
Puerto Rico 18.9% 0.3% 18.6%
Multistate Authority 2.3% 0.1% 2.2%
Northern Marianas 0.5% - -
Virgin Islands 0.4% 0.0% 0.3%
Guam 0.3% 0.2% 0.1%
Credit Rating Allocation Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
AAA 14.6% 21.8% -7.2%
AA 37.2% 54.9% -17.8%
A 15.4% 18.1% -2.8%
BBB 11.3% 5.0% 6.3%
BB 0.2% 0.0% 0.1%
B 0.6% - -
CCC 0.1% - -
CC 10.6% - -
C 1.0% - -
Unrated 20.6% 0.1% 20.6%
Other 0.1% - -
Analytics
(As of 05/31/2018)

Morningstar 05/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
66
Category
Muni New York Long
Performance Statistics
3Y
5Y
Alpha
1.99
-0.98
Beta
1.01
1.40
Information Ratio
0.53
-0.03
R-Squared
43.83
58.72
Sharpe Ratio
0.83
0.40
Standard Deviation
5.06
6.49
Sortino Ratio
0.36
0.16
Tracking Error
3.77
4.39
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
5/22/2018
Per Share ($)
$0.0343
12-Month Distribution ($)
$0.4828
Portfolio Characteristics
Fund
Fund Index
Average Effective Maturity
12.04 yrs
6.10 yrs
Current Duration
9.60 yrs
6.40 yrs
Turnover Ratio
23%
-
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
2.72%
Standardized Yield
2.10%
Distribution Sources
  • D
Net Income
91.70%
Net Profit from Sale
0.00%
Other Capital Sources
8.30%
Interest Income 12/31/2017
Exposed to AMT
17.15%
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. A portion of the Fund's distributions may be subject to tax and may increase taxes for investors subject to Alternative Minimum Tax (AMT).  Capital gains distributions are taxable as capital gains. Tax treatments of the Fund's distributions and capital gains may vary by state; investors should consult a tax advisor to determine if the Fund is appropriate for them.
  2. 2. Special Risks: 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. Below-investment-grade (“high yield” or "junk") bonds are more at risk of default and are subject to liquidity risk. Large sector holdings may expose investors to greater volatility and special risks associated with that sector. May invest substantially in municipal securities within a single state or related to similar type projects, which can increase volatility and exposure to regional issues. May invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Inverse floaters can be more volatile than conventional fixed-rate bonds and entail the use of leverage. The Fund may invest in the segment of the municipal bond market that is unrated by a Nationally Recognized Statistical Rating Organization (“NRSRO”).  Under certain market conditions, some unrated securities may trade less actively than rated securities.
  3. 3. The net expense ratio represents the Fund's gross expense ratio less certain interest and related expenses from the Fund's investment in inverse floaters, as reported in the latest prospectus. Under accounting rules, the Fund recognized additional income in an amount that offsets those expenses. the Fund's total returns and net asset values are not affected by those offsets.
  4. 4. The net expense ratio is not the result of a fee waiver or expense reimbursement.
  5. 5. Access index definitions.
  6. 6. Holdings are subject to change, and are dollar weighted based on total net 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.
  7. 7. All securities except for those labeled "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, Inc. converts that rating to the equivalent S&P rating. If two or more NRSROs have assigned a rating to a security, the highest rating is used. Unrated securities do not necessarily indicate low credit quality. The credit rating table values may not total 100% due to rounding. "Investment-grade" securities are securities rated within the NRSROs four highest rating categories (AAA, AA, A and BBB.) Securities not rated by an NRSRO may or may not be equivalent of investment grade. For further details, please consult the Fund's Prospectus or Statement of Additional Information.
  8. 8. 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.
  9. 9. 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.
  10. A. 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.
  11. B. 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. Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  12. C. "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.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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