High yield municipal bonds hold a special allure for many investors thanks to the high levels of tax-free income they have the potential to deliver. These securities are designed for investors who understand the risks of an aggressive, yield-driven strategy.

Oppenheimer Rochester® High Yield Municipal Fund has a long history of generating above-average, tax-free yields, and has no limit on the amount of below-investment-grade securities it may hold. The Fund is also not limited to any maturity range, giving the portfolio managers the broadest investment discretion of all Oppenheimer Rochester municipal bond funds.

In addition, its portfolio currently includes over 1,000 holdings from about 600 issuers, an approach that’s aimed at reducing the overall risk of owning speculative, high yield securities and can help generate competitive levels of tax-free, yield-driven total return.

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