Overview
The Strategy typically invests in New York municipal bonds.
- Inception Date
- August 29, 1995
- Investment Style
- Rochester Municipals
- Fund Index
- Bloomberg Barclays Municipal Index
- CUSIP
- 683913305
-
NAV
- A
- (as of 07/20/2018)
- $11.22
- Total Assets
- (as of 06/30/2018)
- $897.56 MM
Performance
Average Annual Returns as of 06/30/2018
Average Annual Returns as of 06/30/2018
Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
- B
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-06-30
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 5.09% | 1.70% | 4.26% | 3.45% | 4.04% | 4.17% | |
| -0.25% | 1.56% | 2.85% | 3.53% | 4.43% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-06-30
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 4.09% | 0.71% | 4.26% | 3.45% | 4.04% | 4.17% | |
| -0.25% | 1.56% | 2.85% | 3.53% | 4.43% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-06-30
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 5.09% | 1.70% | 4.26% | 3.45% | 4.04% | 4.17% | |
| -0.25% | 1.56% | 2.85% | 3.53% | 4.43% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-06-30
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 4.09% | 0.71% | 4.26% | 3.45% | 4.04% | 4.17% | |
| -0.25% | 1.56% | 2.85% | 3.53% | 4.43% | - | |
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.
Calendar Year Returns as of 06/30/2018
| Year | Rochester® AMT-Free New York Municipal Fund | Bloomberg Barclays Municipal Index |
|---|---|---|
| 1996 | 3.22% | 4.43% |
| 1997 | 8.34% | 9.19% |
| 1998 | 5.02% | 6.48% |
| 1999 | -5.20% | -2.06% |
| 2000 | 10.51% | 11.68% |
| 2001 | 3.66% | 5.13% |
| 2002 | 5.62% | 9.60% |
| 2003 | 6.12% | 5.31% |
| 2004 | 3.57% | 4.48% |
| 2005 | 7.32% | 3.51% |
| 2006 | 7.91% | 4.84% |
| 2007 | -2.80% | 3.36% |
| 2008 | -29.62% | -2.47% |
| 2009 | 40.36% | 12.91% |
| 2010 | 1.66% | 2.38% |
| 2011 | 12.30% | 10.70% |
| 2012 | 12.69% | 6.78% |
| 2013 | -11.28% | -2.55% |
| 2014 | 13.24% | 9.05% |
| 2015 | 3.47% | 3.30% |
| 2016 | 3.22% | 0.25% |
| 2017 | 0.76% | 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.
Cumulative Returns & Income Dividends
| Date | Rochester® AMT-Free New York Municipal Fund | Bloomberg Barclays Municipal Index | BBG Barclays Agg |
|---|---|---|---|
| 6/30/2008 | 0.00 | 0.00 | 0.00 |
| 7/31/2008 | -1.41 | 0.38 | -0.08 |
| 8/31/2008 | 0.53 | 1.56 | 0.87 |
| 9/30/2008 | -9.81 | -3.21 | -0.49 |
| 10/31/2008 | -20.08 | -4.20 | -2.84 |
| 11/30/2008 | -22.71 | -3.89 | 0.33 |
| 12/31/2008 | -27.54 | -2.49 | 4.07 |
| 1/31/2009 | -22.78 | 1.08 | 3.15 |
| 2/28/2009 | -21.36 | 1.61 | 2.76 |
| 3/31/2009 | -22.87 | 1.63 | 4.19 |
| 4/30/2009 | -18.46 | 3.66 | 4.69 |
| 5/31/2009 | -13.19 | 4.76 | 5.45 |
| 6/30/2009 | -14.74 | 3.77 | 6.05 |
| 7/31/2009 | -12.76 | 5.51 | 7.76 |
| 8/31/2009 | -6.20 | 7.31 | 8.87 |
| 9/30/2009 | 5.39 | 11.17 | 10.02 |
| 10/31/2009 | 0.99 | 8.83 | 10.56 |
| 11/30/2009 | 0.93 | 9.73 | 11.99 |
| 12/31/2009 | 1.70 | 10.10 | 10.24 |
| 1/31/2010 | 3.02 | 10.68 | 11.92 |
| 2/28/2010 | 4.54 | 11.75 | 12.34 |
| 3/31/2010 | 5.44 | 11.48 | 12.20 |
| 4/30/2010 | 7.69 | 12.84 | 13.37 |
| 5/31/2010 | 8.79 | 13.68 | 14.33 |
| 6/30/2010 | 7.02 | 13.75 | 16.12 |
| 7/31/2010 | 8.74 | 15.17 | 17.36 |
| 8/31/2010 | 12.02 | 17.80 | 18.87 |
| 9/30/2010 | 12.94 | 17.62 | 19.00 |
| 10/31/2010 | 13.64 | 17.30 | 19.42 |
| 11/30/2010 | 7.11 | 14.95 | 18.73 |
| 12/31/2010 | 3.39 | 12.72 | 17.45 |
| 1/31/2011 | 0.35 | 11.89 | 17.59 |
| 2/28/2011 | 1.21 | 13.67 | 17.88 |
| 3/31/2011 | 0.38 | 13.29 | 17.95 |
| 4/30/2011 | 2.34 | 15.32 | 19.45 |
| 5/31/2011 | 5.20 | 17.29 | 21.00 |
| 6/30/2011 | 6.86 | 17.70 | 20.65 |
| 7/31/2011 | 8.58 | 18.90 | 22.56 |
| 8/31/2011 | 9.49 | 20.94 | 24.35 |
| 9/30/2011 | 13.22 | 22.19 | 25.26 |
| 10/31/2011 | 12.73 | 21.73 | 25.39 |
| 11/30/2011 | 13.02 | 22.45 | 25.29 |
| 12/31/2011 | 16.11 | 24.78 | 26.66 |
| 1/31/2012 | 21.11 | 27.67 | 27.77 |
| 2/29/2012 | 21.91 | 27.79 | 27.74 |
| 3/31/2012 | 21.26 | 26.96 | 27.04 |
| 4/30/2012 | 23.12 | 28.43 | 28.45 |
| 5/31/2012 | 24.88 | 29.50 | 29.62 |
| 6/30/2012 | 24.62 | 29.36 | 29.67 |
| 7/31/2012 | 27.53 | 31.41 | 31.46 |
| 8/31/2012 | 27.93 | 31.56 | 31.54 |
| 9/30/2012 | 28.42 | 32.35 | 31.72 |
| 10/31/2012 | 29.79 | 32.72 | 31.98 |
| 11/30/2012 | 33.51 | 34.91 | 32.19 |
| 12/31/2012 | 30.85 | 33.24 | 32.00 |
| 1/31/2013 | 32.90 | 33.80 | 31.08 |
| 2/28/2013 | 33.46 | 34.20 | 31.73 |
| 3/31/2013 | 32.30 | 33.62 | 31.84 |
| 4/30/2013 | 34.32 | 35.09 | 33.17 |
| 5/31/2013 | 32.95 | 33.44 | 30.80 |
| 6/30/2013 | 25.47 | 29.66 | 28.77 |
| 7/31/2013 | 21.42 | 28.53 | 28.95 |
| 8/31/2013 | 15.67 | 26.69 | 28.29 |
| 9/30/2013 | 18.90 | 29.42 | 29.51 |
| 10/31/2013 | 19.54 | 30.44 | 30.55 |
| 11/30/2013 | 18.65 | 30.17 | 30.06 |
| 12/31/2013 | 16.09 | 29.84 | 29.33 |
| 1/31/2014 | 19.59 | 32.37 | 31.24 |
| 2/28/2014 | 23.36 | 33.92 | 31.94 |
| 3/31/2014 | 23.46 | 34.15 | 31.71 |
| 4/30/2014 | 25.00 | 35.76 | 32.82 |
| 5/31/2014 | 28.55 | 37.51 | 34.34 |
| 6/30/2014 | 26.36 | 37.63 | 34.41 |
| 7/31/2014 | 26.23 | 37.87 | 34.07 |
| 8/31/2014 | 29.59 | 39.54 | 35.55 |
| 9/30/2014 | 30.12 | 39.68 | 34.63 |
| 10/31/2014 | 30.05 | 40.64 | 35.95 |
| 11/30/2014 | 30.56 | 40.88 | 36.92 |
| 12/31/2014 | 31.46 | 41.59 | 37.04 |
| 1/31/2015 | 34.31 | 44.10 | 39.92 |
| 2/28/2015 | 33.76 | 42.62 | 38.60 |
| 3/31/2015 | 33.95 | 43.03 | 39.25 |
| 4/30/2015 | 32.80 | 42.28 | 38.75 |
| 5/31/2015 | 33.98 | 41.88 | 38.41 |
| 6/30/2015 | 31.16 | 41.75 | 36.90 |
| 7/31/2015 | 32.13 | 42.78 | 37.86 |
| 8/31/2015 | 32.78 | 43.06 | 37.66 |
| 9/30/2015 | 34.39 | 44.10 | 38.59 |
| 10/31/2015 | 34.74 | 44.67 | 38.61 |
| 11/30/2015 | 35.37 | 45.25 | 38.25 |
| 12/31/2015 | 36.02 | 46.27 | 37.80 |
| 1/31/2016 | 36.64 | 48.01 | 39.69 |
| 2/29/2016 | 37.16 | 48.24 | 40.69 |
| 3/31/2016 | 37.68 | 48.71 | 41.98 |
| 4/30/2016 | 38.23 | 49.81 | 42.52 |
| 5/31/2016 | 39.66 | 50.21 | 42.56 |
| 6/30/2016 | 45.03 | 52.60 | 45.12 |
| 7/31/2016 | 45.07 | 52.70 | 46.04 |
| 8/31/2016 | 45.30 | 52.90 | 45.87 |
| 9/30/2016 | 45.68 | 52.14 | 45.78 |
| 10/31/2016 | 44.15 | 50.54 | 44.67 |
| 11/30/2016 | 38.96 | 44.93 | 41.25 |
| 12/31/2016 | 40.40 | 46.63 | 41.45 |
| 1/31/2017 | 41.03 | 47.60 | 41.72 |
| 2/28/2017 | 42.01 | 48.62 | 42.68 |
| 3/31/2017 | 44.00 | 48.94 | 42.60 |
| 4/30/2017 | 45.93 | 50.02 | 43.70 |
| 5/31/2017 | 46.94 | 52.41 | 44.81 |
| 6/30/2017 | 46.17 | 51.86 | 44.66 |
| 7/31/2017 | 46.62 | 53.09 | 45.29 |
| 8/31/2017 | 47.70 | 54.25 | 46.59 |
| 9/30/2017 | 44.69 | 53.47 | 45.89 |
| 10/31/2017 | 41.51 | 53.84 | 45.97 |
| 11/30/2017 | 39.70 | 53.02 | 45.79 |
| 12/31/2017 | 41.47 | 54.62 | 46.46 |
| 1/31/2018 | 41.20 | 52.80 | 44.77 |
| 2/28/2018 | 41.71 | 52.34 | 43.40 |
| 3/31/2018 | 44.57 | 52.90 | 44.32 |
| 4/30/2018 | 44.73 | 52.36 | 43.24 |
| 5/31/2018 | 47.12 | 54.10 | 44.27 |
| 6/30/2018 | 48.67 | 54.23 | 44.09 |
| Date | Dividends |
|---|---|
| 7/22/2008 | 0.042 |
| 8/26/2008 | 0.0403 |
| 9/23/2008 | 0.042 |
| 10/28/2008 | 0.0417 |
| 11/25/2008 | 0.0435 |
| 12/30/2008 | 0.0425 |
| 1/27/2009 | 0.044 |
| 2/24/2009 | 0.0436 |
| 3/24/2009 | 0.0437 |
| 4/21/2009 | 0.0437 |
| 5/26/2009 | 0.0429 |
| 6/23/2009 | 0.0442 |
| 7/28/2009 | 0.0428 |
| 8/25/2009 | 0.044 |
| 9/22/2009 | 0.0446 |
| 10/27/2009 | 0.0425 |
| 11/24/2009 | 0.0444 |
| 12/30/2009 | 0.0422 |
| 1/26/2010 | 0.0467 |
| 2/23/2010 | 0.0462 |
| 3/23/2010 | 0.0463 |
| 4/27/2010 | 0.0464 |
| 5/25/2010 | 0.0481 |
| 6/22/2010 | 0.0483 |
| 7/27/2010 | 0.0466 |
| 8/24/2010 | 0.0481 |
| 9/21/2010 | 0.048 |
| 10/26/2010 | 0.0471 |
| 11/23/2010 | 0.0491 |
| 12/30/2010 | 0.0472 |
| 1/25/2011 | 0.0504 |
| 2/22/2011 | 0.0498 |
| 3/22/2011 | 0.0497 |
| 4/26/2011 | 0.0982 |
| 5/24/2011 | 0.0496 |
| 6/21/2011 | 0.0495 |
| 7/26/2011 | 0.0478 |
| 8/23/2011 | 0.0494 |
| 9/27/2011 | 0.0477 |
| 10/25/2011 | 0.0493 |
| 11/22/2011 | 0.0493 |
| 12/29/2011 | 0.0466 |
| 1/24/2012 | 0.051 |
| 2/21/2012 | 0.05 |
| 3/27/2012 | 0.0483 |
| 4/24/2012 | 0.05 |
| 5/22/2012 | 0.0499 |
| 6/26/2012 | 0.0481 |
| 7/24/2012 | 0.0499 |
| 8/28/2012 | 0.047 |
| 9/25/2012 | 0.0487 |
| 10/23/2012 | 0.0485 |
| 11/27/2012 | 0.0468 |
| 12/28/2012 | 0.0451 |
| 1/22/2013 | 0.0482 |
| 2/19/2013 | 0.0466 |
| 3/26/2013 | 0.0448 |
| 4/23/2013 | 0.0466 |
| 5/28/2013 | 0.0441 |
| 6/25/2013 | 0.0464 |
| 7/23/2013 | 0.0452 |
| 8/27/2013 | 0.0436 |
| 9/24/2013 | 0.0452 |
| 10/22/2013 | 0.0454 |
| 11/26/2013 | 0.0446 |
| 12/30/2013 | 0.0449 |
| 1/28/2014 | 0.0467 |
| 2/25/2014 | 0.0467 |
| 3/25/2014 | 0.0466 |
| 4/22/2014 | 0.0467 |
| 5/27/2014 | 0.0449 |
| 6/24/2014 | 0.0465 |
| 7/22/2014 | 0.0466 |
| 8/26/2014 | 0.045 |
| 9/23/2014 | 0.0468 |
| 10/28/2014 | 0.0448 |
| 11/25/2014 | 0.0455 |
| 12/31/2014 | 0.0436 |
| 1/27/2015 | 0.0456 |
| 2/24/2015 | 0.0433 |
| 3/24/2015 | 0.0434 |
| 4/21/2015 | 0.0434 |
| 5/26/2015 | 0.0419 |
| 6/23/2015 | 0.0435 |
| 7/28/2015 | 0.042 |
| 8/25/2015 | 0.0426 |
| 9/22/2015 | 0.0425 |
| 10/27/2015 | 0.0409 |
| 11/24/2015 | 0.0426 |
| 12/31/2015 | 0.0405 |
| 1/26/2016 | 0.043 |
| 2/23/2016 | 0.0405 |
| 3/22/2016 | 0.0405 |
| 4/26/2016 | 0.0389 |
| 5/24/2016 | 0.0405 |
| 6/21/2016 | 0.0404 |
| 7/26/2016 | 0.0366 |
| 8/23/2016 | 0.0363 |
| 9/27/2016 | 0.0346 |
| 10/25/2016 | 0.0363 |
| 11/22/2016 | 0.0314 |
| 12/30/2016 | 0.0291 |
| 1/24/2017 | 0.0324 |
| 2/21/2017 | 0.0285 |
| 3/28/2017 | 0.0269 |
| 4/25/2017 | 0.0284 |
| 5/23/2017 | 0.0284 |
| 6/27/2017 | 0.0236 |
| 7/25/2017 | 0.0224 |
| 8/22/2017 | 0.0223 |
| 9/26/2017 | 0.0206 |
| 10/24/2017 | 0.0225 |
| 11/21/2017 | 0.0226 |
| 12/29/2017 | 0.02 |
| 1/23/2018 | 0.0238 |
| 2/20/2018 | 0.0207 |
| 3/27/2018 | 0.0191 |
| 4/24/2018 | 0.0206 |
| 5/22/2018 | 0.0205 |
| 6/26/2018 | 0.0188 |
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.
Capital Gains and Distributions ($ per share) as of 07/20/2018
| 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
(109.6% of assets as of 06/30/2018)
Municipal Bond
CLASS C: ONYCX
Portfolio Holdings Breakdown
as of
06/30/2018
| Asset Allocation | Rochester® AMT-Free New York Municipal Fund | Bloomberg Barclays Municipal Index | Overweight / Underweight |
|---|---|---|---|
| Municipal | 111.9% | 100.0% | 11.9% |
| Equity | 1.0% | - | - |
| Corporates | 0.2% | - | - |
| State | Rochester® AMT-Free New York Municipal Fund | Bloomberg Barclays Municipal Index | Overweight / Underweight |
|---|---|---|---|
| New York | 95.8% | 15.5% | 80.3% |
| Puerto Rico | 12.2% | 0.3% | 11.9% |
| Multistate Authority | 0.9% | 0.1% | 0.8% |
| Guam | 0.1% | 0.2% | -0.1% |
| Northern Marianas | 0.1% | - | - |
| Credit Rating Allocation | Rochester® AMT-Free New York Municipal Fund | Bloomberg Barclays Municipal Index | Overweight / Underweight |
|---|---|---|---|
| AAA | 10.0% | 22.1% | -12.0% |
| AA | 35.4% | 54.8% | -19.4% |
| A | 24.8% | 18.0% | 6.7% |
| BBB | 12.8% | 5.0% | 7.8% |
| BB | 3.2% | - | - |
| B | 0.2% | - | - |
| CCC | 0.4% | - | - |
| CC | 8.0% | - | - |
| C | 0.7% | - | - |
| Unrated | 16.6% | 0.0% | 16.6% |
| Other | 1.0% | - | - |
Analytics
Municipal Bond
CLASS C: ONYCX
Analytics
as of
06/30/2018
Morningstar
06/30/2018
(based on risk adjusted performance)
Overall Rating
Number of Funds
66
Category
Muni New York Long
Performance Statistics
3Y
5Y
Alpha
1.40
-0.99
Beta
1.00
1.33
Information Ratio
0.49
-0.02
R-Squared
56.83
60.70
Sharpe Ratio
0.81
0.56
Standard Deviation
4.39
5.56
Sortino Ratio
0.35
0.23
Tracking Error
2.88
3.64
Dividends
- D
Est. Frequency
Monthly
Last Pay Date
6/26/2018
Per Share ($)
$0.0188
12-Month Distribution ($)
$0.2539
Portfolio Characteristics
Fund
Fund Index
Average Effective Maturity
8.47 yrs
5.91 yrs
Current Duration
7.10 yrs
6.20 yrs
Turnover Ratio
47%
-
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
2.02%
Standardized Yield
1.62%
Distribution Sources
- D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Interest Income
12/31/2017
Exposed to AMT
0.0%
Documents
- 1. A portion of the Fund's distributions may be subject to tax. 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. Available to investors only in certain states.
- 3. 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.
- 4. 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.
- 5. The net expense ratio is not the result of a fee waiver or expense reimbursement.
- 6. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
- 7. Access index definitions.
- 8. 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.
- 9. 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.
- 10. 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.
- 11. 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.
- 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. ↩
- 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. ↩
- 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. ↩
- D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩