Morningstar Highlights

Products
Our investment teams specialize in equity, fixed income, alternative, and multi-asset funds.
Asset Class
Share Class
1 Share Class

Morningstar Rating Data as of 7/31/19
(based on risk-adjusted performance)
 
 
Number in Category
  Fund Name Overall 3 Yr 5 Yr 10 Yr Morningstar Category 3 Yr 5 Yr 10 Yr

Domestic Debt

Limited-Term Bond Fund A - OUSGX
  • A
4 4 5 Short-Term Bond 490 433 277
Limited-Term Government Fund A - OPGVX
  • 1
  • A
3 3 4 Short Government 95 92 69
Senior Floating Rate Fund A - OOSAX
  • A
3 3 5 Bank Loan 219 197 81

Global Debt

Emerging Markets Local Debt Fund A - OEMAX
  • A
4 5 Emerging-Markets Local-Currency Bond 68 60
International Bond Fund A - OIBAX
  • A
4 4 3 World Bond 192 181 111

Municipal Bond

Intermediate Term Municipal Fund A - ORRWX 3 4 Muni National Interm 240 216
Municipal Fund A - OPAMX 5 5 5 Muni National Long 147 131 111
Rochester® AMT-Free Municipal Fund A - OPTAX
  • 2
  • A
5 5 5 High Yield Muni 155 136 88
Rochester® AMT-Free New York Municipal Fund A - OPNYX 5 5 5 Muni New York Long 66 65 47
Rochester® California Municipal Fund A - OPCAX 5 5 5 Muni California Long 90 87 69
Rochester® High Yield Municipal Fund A - ORNAX
  • 2
  • A
5 5 5 High Yield Muni 155 136 88
Rochester® Limited Term California Municipal Fund A - OLCAX 5 5 5 Muni Single State Short 33 29 26
Rochester® Limited Term New York Municipal Fund A - LTNYX
  • 2
  • A
5 5 5 Muni Single State Short 33 29 26
Rochester® Municipals Fund A - RMUNX
  • 2
  • A
5 5 5 Muni New York Long 66 65 47
Rochester® New Jersey Municipal Fund A - ONJAX 5 5 5 Muni New Jersey 47 46 40
Rochester® Pennsylvania Municipal Fund A - OPATX 5 5 5 Muni Pennsylvania 53 51 47
Short Term Municipal Fund A - ORSTX 4 4 Muni National Short 179 162
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>

    Mutual funds and exchange traded funds are subject to market risk and volatility. Shares may gain or lose value.

  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. A portion of a municipal bond fund’s distributions may be subject to the alternative minimum tax (AMT). Capital gains distributions are taxable as capital gains.
  3. 3. The funds invest in below-investment-grade debt securities, which may entail greater credit risks, as described in each fund’s prospectus. These securities (sometimes called “junk bonds”) may be subject to greater price fluctuations and risks of loss of income and principal than investment-grade municipal securities. The funds 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.
  4. 4. Before June 29, 2018, Oppenheimer Short Term Municipal Fund was known as Oppenheimer Rochester Short Term Municipal Fund, and Oppenheimer Intermediate Term Municipal Fund was known as Oppenheimer Rochester Intermediate Term Fund. Effective June 29, various changes were made to each fund’s prospectus. Past performance, therefore, is not indicative of future results. Investors are encouraged to review each fund’s prospectus and summary prospectus for additional details.
  5. 5. Before October 15, 2018, Oppenheimer Municipal Fund was known as Oppenheimer Rochester Minnesota Municipal and, under normal market conditions, invested at least 80% of its net assets (plus borrowings for investment purposes) in Minnesota municipal securities. On October 15, 2018, the Fund changed its investment strategy from a strategy focused on investing in Minnesota municipal securities to a national municipal bond strategy. Past performance, therefore, is not indicative of future results.
  6. 6. Available to investors only in certain states.
  7. 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> ↩
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )