In today’s low interest rate environment, many investors find it hard to get excited about the yields being generated by savings accounts or bank-issued certificates of deposit. While some investors appreciate the security that comes with FDIC protection, many others take a dim view of these investments’ current inability to drive asset growth.

Oppenheimer Rochester Short Term Municipal Fund is designed to provide competitive levels of yield for investors and to do so with less net asset value (NAV) volatility than longer-term muni bond investments. Additionally, because it primarily holds bonds at the shorter end of the yield curve, the Fund will be less sensitive to interest rate changes than a fund with a preponderance of longer-maturity holdings.

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