Spoof Access

×
OPATX

Rochester® Pennsylvania Municipal Fund

×
Overview

The Strategy typically invests in Pennsylvania municipal bonds.

Inception Date
September 18, 1989
Investment Style
Rochester Municipals
Fund Index
Bloomberg Barclays Municipal Index
CUSIP
683940100
NAV
  • A
(as of 09/19/2018)
$10.50
Total Assets
(as of 08/31/2018)
$643.20 MM
Gross Expense Ratio
(as of 08/31/2018)
1.07%
Net Expense Ratio
(as of 08/31/2018)
1.01%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • B
as of 06/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Pennsylvania Municipal Fund (NAV)
9.03% 3.48% 5.32% 4.77% 4.93% 5.59%
Bloomberg Barclays Municipal Index
-0.25% 1.56% 2.85% 3.53% 4.43% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Pennsylvania Municipal Fund (with sales charge)
3.86% -1.43% 3.63% 3.75% 4.42% 5.41%
Bloomberg Barclays Municipal Index
-0.25% 1.56% 2.85% 3.53% 4.43% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Pennsylvania Municipal Fund (NAV)
11.44% 5.27% 5.37% 6.80% 5.28% 5.63%
Bloomberg Barclays Municipal Index
0.25% 0.49% 2.71% 4.12% 4.32% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Pennsylvania Municipal Fund (with sales charge)
6.14% 0.27% 3.68% 5.76% 4.77% 5.45%
Bloomberg Barclays Municipal Index
0.25% 0.49% 2.71% 4.12% 4.32% -
Gross Expense Ratio: 1.07% | Net Expense Ratio: 1.01%

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, reinvested distributions and a 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Year Rochester® Pennsylvania Municipal Fund Bloomberg Barclays Municipal Index
1990 6.00% -
1991 11.49% -
1992 8.04% 8.82%
1993 13.12% 12.28%
1994 -7.68% -5.17%
1995 16.94% 17.46%
1996 4.35% 4.43%
1997 8.96% 9.19%
1998 4.45% 6.48%
1999 -6.18% -2.06%
2000 7.06% 11.68%
2001 6.51% 5.13%
2002 10.95% 9.60%
2003 9.81% 5.31%
2004 7.06% 4.48%
2005 8.97% 3.51%
2006 7.60% 4.84%
2007 -2.33% 3.36%
2008 -33.95% -2.47%
2009 48.44% 12.91%
2010 4.79% 2.38%
2011 11.30% 10.70%
2012 12.51% 6.78%
2013 -9.79% -2.55%
2014 15.36% 9.05%
2015 3.95% 3.30%
2016 2.97% 0.25%
2017 0.12% 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, reinvested distributions and a 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Date Rochester® Pennsylvania Municipal Fund Bloomberg Barclays Municipal Index BBG Barclays Agg
8/31/2008 0.00 0.00 0.00
9/30/2008 -9.99 -4.69 -1.34
10/31/2008 -22.70 -5.66 -3.67
11/30/2008 -24.32 -5.36 -0.54
12/31/2008 -30.80 -3.98 3.17
1/31/2009 -25.03 -0.47 2.26
2/28/2009 -23.82 0.05 1.88
3/31/2009 -23.29 0.07 3.29
4/30/2009 -18.12 2.07 3.79
5/31/2009 -12.15 3.15 4.54
6/30/2009 -13.33 2.19 5.14
7/31/2009 -11.51 3.89 6.83
8/31/2009 -6.50 5.67 7.94
9/30/2009 4.96 9.46 9.07
10/31/2009 1.39 7.17 9.61
11/30/2009 1.12 8.05 11.03
12/31/2009 2.72 8.42 9.29
1/31/2010 4.11 8.98 10.96
2/28/2010 5.42 10.04 11.38
3/31/2010 6.29 9.77 11.24
4/30/2010 8.49 11.11 12.40
5/31/2010 10.16 11.94 13.34
6/30/2010 9.51 12.01 15.12
7/31/2010 11.05 13.40 16.35
8/31/2010 14.08 16.00 17.85
9/30/2010 15.66 15.82 17.97
10/31/2010 16.38 15.50 18.39
11/30/2010 10.79 13.19 17.71
12/31/2010 7.64 11.00 16.44
1/31/2011 5.12 10.18 16.58
2/28/2011 8.20 11.93 16.87
3/31/2011 7.33 11.56 16.93
4/30/2011 8.72 13.56 18.42
5/31/2011 11.27 15.50 19.96
6/30/2011 13.26 15.90 19.61
7/31/2011 14.35 17.08 21.51
8/31/2011 14.87 19.09 23.29
9/30/2011 17.94 20.32 24.18
10/31/2011 17.05 19.87 24.32
11/30/2011 16.45 20.58 24.21
12/31/2011 19.80 22.87 25.57
1/31/2012 27.89 25.71 26.68
2/29/2012 27.61 25.84 26.65
3/31/2012 27.98 25.02 25.95
4/30/2012 27.15 26.46 27.35
5/31/2012 28.90 27.51 28.50
6/30/2012 29.23 27.37 28.55
7/31/2012 31.33 29.39 30.33
8/31/2012 32.17 29.54 30.41
9/30/2012 33.22 30.32 30.59
10/31/2012 33.86 30.69 30.85
11/30/2012 36.61 32.84 31.05
12/31/2012 34.79 31.20 30.87
1/31/2013 36.04 31.75 29.95
2/28/2013 36.60 32.15 30.60
3/31/2013 35.97 31.58 30.71
4/30/2013 37.64 33.02 32.03
5/31/2013 37.25 31.40 29.67
6/30/2013 29.84 27.68 27.67
7/31/2013 27.21 26.56 27.84
8/31/2013 20.55 24.75 27.19
9/30/2013 23.21 27.44 28.39
10/31/2013 24.33 28.44 29.43
11/30/2013 23.40 28.18 28.95
12/31/2013 21.59 27.85 28.22
1/31/2014 25.78 30.34 30.11
2/28/2014 29.27 31.87 30.80
3/31/2014 29.81 32.09 30.58
4/30/2014 31.21 33.68 31.68
5/31/2014 34.73 35.40 33.18
6/30/2014 33.24 35.52 33.25
7/31/2014 33.03 35.76 32.92
8/31/2014 36.47 37.40 34.39
9/30/2014 38.66 37.54 33.47
10/31/2014 38.79 38.48 34.78
11/30/2014 39.43 38.72 35.74
12/31/2014 40.26 39.42 35.87
1/31/2015 42.76 41.89 38.72
2/28/2015 42.90 40.43 37.41
3/31/2015 43.36 40.84 38.05
4/30/2015 42.04 40.10 37.56
5/31/2015 43.48 39.71 37.22
6/30/2015 40.27 39.58 35.73
7/31/2015 42.30 40.59 36.67
8/31/2015 43.15 40.87 36.48
9/30/2015 44.81 41.89 37.40
10/31/2015 44.65 42.46 37.42
11/30/2015 45.35 43.02 37.06
12/31/2015 45.80 44.03 36.62
1/31/2016 46.36 45.74 38.50
2/29/2016 46.26 45.97 39.48
3/31/2016 46.59 46.44 40.76
4/30/2016 46.80 47.51 41.30
5/31/2016 49.26 47.91 41.33
6/30/2016 52.68 50.27 43.87
7/31/2016 53.46 50.36 44.78
8/31/2016 54.01 50.56 44.62
9/30/2016 54.74 49.81 44.53
10/31/2016 54.75 48.24 43.43
11/30/2016 49.88 42.71 40.03
12/31/2016 50.12 44.38 40.23
1/31/2017 51.70 45.34 40.51
2/28/2017 54.11 46.34 41.45
3/31/2017 52.66 46.66 41.38
4/30/2017 58.59 47.73 42.47
5/31/2017 59.31 50.07 43.56
6/30/2017 58.36 49.53 43.42
7/31/2017 58.00 50.74 44.04
8/31/2017 59.11 51.89 45.33
9/30/2017 55.98 51.12 44.64
10/31/2017 51.92 51.49 44.72
11/30/2017 50.19 50.68 44.54
12/31/2017 50.30 52.25 45.20
1/31/2018 49.61 50.46 43.53
2/28/2018 50.88 50.01 42.17
3/31/2018 55.37 50.56 43.08
4/30/2018 57.46 50.02 42.01
5/31/2018 61.42 51.74 43.03
6/30/2018 63.88 51.87 42.85
7/31/2018 64.06 52.24 42.89
8/31/2018 67.49 52.63 43.80
Date Dividends
9/23/2008 0.052
10/28/2008 0.052
11/25/2008 0.052
12/30/2008 0.052
1/27/2009 0.052
2/24/2009 0.052
3/24/2009 0.053
4/21/2009 0.053
5/26/2009 0.053
6/23/2009 0.053
7/28/2009 0.053
8/25/2009 0.053
9/22/2009 0.053
10/27/2009 0.053
11/24/2009 0.053
12/30/2009 0.053
1/26/2010 0.053
2/23/2010 0.053
3/23/2010 0.055
4/27/2010 0.055
5/25/2010 0.055
6/22/2010 0.055
7/27/2010 0.055
8/24/2010 0.055
9/21/2010 0.055
10/26/2010 0.055
11/23/2010 0.055
12/30/2010 0.055
1/25/2011 0.055
2/22/2011 0.055
3/22/2011 0.055
4/26/2011 0.056
5/24/2011 0.056
6/21/2011 0.056
7/26/2011 0.056
8/23/2011 0.056
9/27/2011 0.056
10/25/2011 0.056
11/22/2011 0.056
12/29/2011 0.056
1/24/2012 0.056
2/21/2012 0.056
3/27/2012 0.056
4/24/2012 0.056
5/22/2012 0.053
6/26/2012 0.053
7/24/2012 0.053
8/28/2012 0.053
9/25/2012 0.053
10/23/2012 0.053
11/27/2012 0.051
12/28/2012 0.051
1/22/2013 0.051
2/19/2013 0.051
3/26/2013 0.051
4/23/2013 0.049
5/28/2013 0.049
6/25/2013 0.049
7/23/2013 0.049
8/27/2013 0.049
9/24/2013 0.049
10/22/2013 0.049
11/26/2013 0.05
12/30/2013 0.05
1/28/2014 0.05
2/25/2014 0.05
3/25/2014 0.051
4/22/2014 0.051
5/27/2014 0.051
6/24/2014 0.051
7/22/2014 0.051
8/26/2014 0.051
9/23/2014 0.051
10/28/2014 0.051
11/25/2014 0.051
12/31/2014 0.051
1/27/2015 0.051
2/24/2015 0.051
3/24/2015 0.051
4/21/2015 0.051
5/26/2015 0.051
6/23/2015 0.051
7/28/2015 0.051
8/25/2015 0.051
9/22/2015 0.051
10/27/2015 0.051
11/24/2015 0.051
12/31/2015 0.051
1/26/2016 0.051
2/23/2016 0.051
3/22/2016 0.051
4/26/2016 0.051
5/24/2016 0.049
6/21/2016 0.049
7/26/2016 0.049
8/23/2016 0.046
9/27/2016 0.046
10/25/2016 0.046
11/22/2016 0.046
12/30/2016 0.046
1/24/2017 0.046
2/21/2017 0.046
3/28/2017 0.046
4/25/2017 0.046
5/23/2017 0.046
6/27/2017 0.042
7/25/2017 0.042
8/22/2017 0.042
9/26/2017 0.039
10/24/2017 0.039
11/21/2017 0.039
12/29/2017 0.035
1/23/2018 0.035
2/20/2018 0.035
3/27/2018 0.032
4/24/2018 0.032
5/22/2018 0.032
6/26/2018 0.03
7/24/2018 0.03
8/28/2018 0.03

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, reinvested distributions and a 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 09/18/2018

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

(108.4% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Asset Allocation
State
Credit Rating Allocation 8
Asset Allocation Rochester® Pennsylvania Municipal Fund Bloomberg Barclays Municipal Index Overweight / Underweight
Municipal 108.6% 100.0% 8.6%
State Rochester® Pennsylvania Municipal Fund Bloomberg Barclays Municipal Index Overweight / Underweight
Pennsylvania 72.6% 3.8% 68.7%
Puerto Rico 23.3% 0.3% 23.0%
Virgin Islands 1.2% 0.0% 1.1%
Northern Marianas 0.4% - -
Guam 0.3% 0.2% 0.1%
Credit Rating Allocation Rochester® Pennsylvania Municipal Fund Bloomberg Barclays Municipal Index Overweight / Underweight
AA 20.2% 53.9% -33.7%
A 35.6% 17.8% 17.9%
BBB 17.8% 4.8% 13.1%
BB 6.6% - -
B 0.5% - -
CC 13.4% - -
C 0.2% - -
Unrated 14.3% 1.3% 13.0%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
55
Category
Muni Pennsylvania
Performance Statistics
3Y
5Y
Alpha
3.02
2.71
Beta
0.80
0.98
Information Ratio
0.64
0.69
R-Squared
28.50
38.53
Sharpe Ratio
0.93
1.26
Standard Deviation
4.92
4.92
Sortino Ratio
0.45
0.68
Tracking Error
4.19
3.86
Yields
Dividend Yield (with sales charge)
3.24%
Dividend Yield (w/o sales charge)
3.40%
Standardized Yield
2.54%
Unsubsidized Yield
2.53%
Interest Income 12/31/2017
Exposed to AMT
4.71%
Portfolio Characteristics
Fund
Fund Index
Average Effective Maturity
8.91 yrs
5.99 yrs
Current Duration
6.90 yrs
6.30 yrs
Turnover Ratio
20%
-
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
8/28/2018
Per Share ($)
$0.0300
12-Month Distribution ($)
$0.4080
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Available to investors only in certain states.
  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. 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. 4. The net expense ratio is not the result of a fee waiver or expense reimbursement.
  5. 5. The net expense ratio represents the Fund's gross expense ratio less certain interest and related expenses from the Fund's investments in inverse floaters, as reported in the latest prospectus. Under accounting rules, the Fund recognized additional income in an amount that offsets these expenses; the Fund's total returns and net asset values are not affected by those offsets.
  6. 6. The Bloomberg Barclays Municipal Bond Index is an unmanaged index of a broad range of investment-grade municipal bonds that measures the performance of the general municipal bond market. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  7. 7. Holdings are subject to change, and are dollar weighted based on total new 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.
  8. 8. 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.
  9. 9. 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.
  10. 10. 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.
  11. 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.
  12. 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, reinvested distributions and a 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
  13. 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.
  14. D. There is no guarantee of the payment of any dividend or other distributions at any level.
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )