Spoof Access

×
RMUYX

Rochester® Fund Municipals

Overview

The strategy typically seeks investment-grade bonds the income of which is exempt from federal, New York State, and New York City personal income taxes.

Inception Date
April 28, 2000
Investment Style
Rochester Municipals
Fund Index
Bloomberg Barclays Municipal Index
CUSIP
771362407
NAV
  • B
(as of 03/22/2019)
$16.15
Total Assets
(as of 02/28/2019)
$5.06 BN
Gross Expense Ratio
(as of 02/28/2019)
0.81%
Net Expense Ratio
(as of 02/28/2019)
0.73%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • C
as of 12/31/2018
  • C

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Fund Municipals (NAV)
9.07% 9.07% 6.55% 7.19% 9.17% 5.53%
Bloomberg Barclays Municipal Index
1.28% 1.28% 2.30% 3.82% 4.85% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Fund Municipals (NAV)
3.11% 11.86% 7.12% 6.51% 8.24% 5.65%
Bloomberg Barclays Municipal Index
1.30% 4.13% 2.28% 3.44% 4.55% -
Gross Expense Ratio: 0.81% | Net Expense Ratio: 0.73%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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.  Class Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Year Rochester® Fund Municipals Bloomberg Barclays Municipal Index
2001 5.25% 5.13%
2002 5.57% 9.60%
2003 8.16% 5.31%
2004 7.50% 4.48%
2005 8.93% 3.51%
2006 8.45% 4.84%
2007 -1.44% 3.36%
2008 -30.74% -2.47%
2009 45.18% 12.91%
2010 3.84% 2.38%
2011 11.64% 10.70%
2012 13.10% 6.78%
2013 -10.72% -2.55%
2014 14.60% 9.05%
2015 2.09% 3.30%
2016 6.22% 0.25%
2017 4.41% 5.45%
2018 9.07% 1.28%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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.  Class Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Date Rochester® Fund Municipals Bloomberg Barclays Municipal Index BBG Barclays Agg
2/28/2009 0.00 0.00 0.00
3/31/2009 -1.60 0.02 1.39
4/30/2009 4.60 2.02 1.88
5/31/2009 12.11 3.10 2.61
6/30/2009 10.03 2.13 3.20
7/31/2009 11.84 3.84 4.86
8/31/2009 19.41 5.61 5.95
9/30/2009 32.84 9.40 7.06
10/31/2009 28.07 7.11 7.59
11/30/2009 28.04 7.99 8.98
12/31/2009 29.34 8.36 7.28
1/31/2010 30.94 8.92 8.92
2/28/2010 33.11 9.98 9.32
3/31/2010 34.74 9.71 9.19
4/30/2010 37.49 11.05 10.33
5/31/2010 39.22 11.88 11.25
6/30/2010 37.98 11.95 13.00
7/31/2010 40.01 13.34 14.21
8/31/2010 44.45 15.94 15.67
9/30/2010 45.43 15.76 15.80
10/31/2010 46.09 15.44 16.21
11/30/2010 39.37 13.13 15.54
12/31/2010 34.31 10.93 14.30
1/31/2011 30.46 10.12 14.43
2/28/2011 31.82 11.87 14.72
3/31/2011 30.56 11.50 14.78
4/30/2011 33.29 13.50 16.24
5/31/2011 37.15 15.44 17.75
6/30/2011 40.09 15.84 17.41
7/31/2011 42.16 17.02 19.27
8/31/2011 42.78 19.02 21.01
9/30/2011 48.10 20.25 21.89
10/31/2011 46.69 19.80 22.03
11/30/2011 45.96 20.51 21.92
12/31/2011 49.95 22.81 23.26
1/31/2012 55.92 25.64 24.34
2/29/2012 57.27 25.77 24.31
3/31/2012 57.85 24.95 23.63
4/30/2012 60.31 26.39 25.00
5/31/2012 62.22 27.44 26.13
6/30/2012 62.20 27.31 26.18
7/31/2012 65.36 29.32 27.92
8/31/2012 66.10 29.47 28.01
9/30/2012 66.79 30.25 28.18
10/31/2012 68.15 30.62 28.44
11/30/2012 71.87 32.77 28.64
12/31/2012 69.58 31.13 28.45
1/31/2013 72.75 31.68 27.56
2/28/2013 73.92 32.08 28.20
3/31/2013 72.16 31.51 28.30
4/30/2013 75.14 32.95 29.60
5/31/2013 74.53 31.32 27.28
6/30/2013 65.08 27.61 25.32
7/31/2013 59.27 26.49 25.49
8/31/2013 51.00 24.69 24.84
9/30/2013 54.21 27.37 26.03
10/31/2013 56.13 28.37 27.05
11/30/2013 54.57 28.11 26.57
12/31/2013 51.41 27.78 25.86
1/31/2014 56.33 30.27 27.71
2/28/2014 61.14 31.80 28.39
3/31/2014 61.30 32.02 28.17
4/30/2014 62.74 33.61 29.26
5/31/2014 67.81 35.33 30.73
6/30/2014 65.34 35.45 30.80
7/31/2014 64.75 35.68 30.47
8/31/2014 70.03 37.33 31.91
9/30/2014 70.69 37.47 31.01
10/31/2014 70.92 38.41 32.30
11/30/2014 72.15 38.65 33.24
12/31/2014 73.52 39.35 33.36
1/31/2015 77.11 41.82 36.16
2/28/2015 77.03 40.36 34.88
3/31/2015 76.78 40.76 35.51
4/30/2015 75.66 40.02 35.02
5/31/2015 77.59 39.64 34.69
6/30/2015 71.58 39.51 33.23
7/31/2015 72.30 40.52 34.15
8/31/2015 73.39 40.79 33.96
9/30/2015 75.78 41.81 34.87
10/31/2015 76.81 42.38 34.89
11/30/2015 77.40 42.94 34.53
12/31/2015 77.14 43.95 34.10
1/31/2016 78.53 45.67 35.94
2/29/2016 79.76 45.90 36.91
3/31/2016 80.77 46.36 38.16
4/30/2016 81.75 47.43 38.69
5/31/2016 84.05 47.83 38.73
6/30/2016 91.71 50.18 41.22
7/31/2016 92.82 50.28 42.11
8/31/2016 93.53 50.48 41.95
9/30/2016 95.22 49.73 41.87
10/31/2016 93.70 48.16 40.78
11/30/2016 86.93 42.63 37.45
12/31/2016 88.15 44.31 37.65
1/31/2017 90.52 45.26 37.92
2/28/2017 92.74 46.27 38.84
3/31/2017 94.04 46.58 38.77
4/30/2017 98.47 47.65 39.84
5/31/2017 100.43 49.99 40.92
6/30/2017 100.50 49.45 40.78
7/31/2017 100.69 50.66 41.38
8/31/2017 102.43 51.81 42.65
9/30/2017 99.40 51.04 41.97
10/31/2017 96.45 51.40 42.05
11/30/2017 94.58 50.59 41.87
12/31/2017 96.44 52.17 42.52
1/31/2018 96.34 50.38 40.88
2/28/2018 97.49 49.93 39.55
3/31/2018 102.67 50.48 40.44
4/30/2018 104.69 49.94 39.40
5/31/2018 110.68 51.66 40.39
6/30/2018 112.88 51.79 40.22
7/31/2018 113.41 52.16 40.25
8/31/2018 117.43 52.55 41.15
9/30/2018 116.18 51.56 40.24
10/31/2018 112.55 50.63 39.14
11/30/2018 112.56 52.30 39.97
12/31/2018 114.26 54.12 42.54
1/31/2019 116.79 55.28 44.05
2/28/2019 120.91 56.12 43.97
Date Dividends
3/24/2009 0.0765
4/21/2009 0.0764
5/26/2009 0.0769
6/23/2009 0.0765
7/28/2009 0.077
8/25/2009 0.0765
9/22/2009 0.0776
10/27/2009 0.0783
11/24/2009 0.0777
12/30/2009 0.0811
1/26/2010 0.0806
2/23/2010 0.0809
3/23/2010 0.0809
4/27/2010 0.0828
5/25/2010 0.0826
6/22/2010 0.0827
7/27/2010 0.0831
8/24/2010 0.0828
9/21/2010 0.0828
10/26/2010 0.0843
11/23/2010 0.0837
12/30/2010 0.0842
1/25/2011 0.0827
2/22/2011 0.0831
3/22/2011 0.0836
4/26/2011 0.1337
5/24/2011 0.0836
6/21/2011 0.0837
7/26/2011 0.0844
8/23/2011 0.084
9/27/2011 0.0838
10/25/2011 0.0835
11/22/2011 0.0838
12/29/2011 0.084
1/24/2012 0.0845
2/21/2012 0.0848
3/27/2012 0.0853
4/24/2012 0.0849
5/22/2012 0.0848
6/26/2012 0.0853
7/24/2012 0.0848
8/28/2012 0.0842
9/25/2012 0.0837
10/23/2012 0.0838
11/27/2012 0.0839
12/28/2012 0.0817
1/22/2013 0.0814
2/19/2013 0.0815
3/26/2013 0.082
4/23/2013 0.0819
5/28/2013 0.0822
6/25/2013 0.0817
7/23/2013 0.0798
8/27/2013 0.0801
9/24/2013 0.0796
10/22/2013 0.0795
11/26/2013 0.0809
12/30/2013 0.081
1/28/2014 0.0807
2/25/2014 0.0807
3/25/2014 0.0817
4/22/2014 0.0817
5/27/2014 0.0821
6/24/2014 0.0817
7/22/2014 0.0817
8/26/2014 0.0821
9/23/2014 0.0817
10/28/2014 0.0821
11/25/2014 0.0827
12/31/2014 0.0832
1/27/2015 0.0827
2/24/2015 0.0828
3/24/2015 0.0827
4/21/2015 0.0827
5/26/2015 0.0832
6/23/2015 0.0827
7/28/2015 0.0831
8/25/2015 0.0806
9/22/2015 0.0806
10/27/2015 0.0811
11/24/2015 0.0806
12/31/2015 0.0812
1/26/2016 0.0805
2/23/2016 0.0786
3/22/2016 0.0786
4/26/2016 0.079
5/24/2016 0.0787
6/21/2016 0.0757
7/26/2016 0.0761
8/23/2016 0.0727
9/27/2016 0.0732
10/25/2016 0.0727
11/22/2016 0.0687
12/30/2016 0.0692
1/24/2017 0.0684
2/21/2017 0.0657
3/28/2017 0.0661
4/25/2017 0.0667
5/23/2017 0.0668
6/27/2017 0.0636
7/25/2017 0.0588
8/22/2017 0.0588
9/26/2017 0.0595
10/24/2017 0.0527
11/21/2017 0.0527
12/29/2017 0.0498
1/23/2018 0.0482
2/20/2018 0.0487
3/27/2018 0.0464
4/24/2018 0.0458
5/22/2018 0.0458
6/26/2018 0.0466
7/24/2018 0.0459
8/28/2018 0.0466
9/25/2018 0.0459
10/23/2018 0.0459
11/27/2018 0.0465
12/31/2018 0.0464
1/22/2019 0.0462
2/19/2019 0.0469

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 investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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.  Class Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 03/22/2019

Date 2014 2015 2016 2017 2018
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

(108.1% of assets as of 02/28/2019)


Portfolio Holdings Breakdown

Asset Allocation
State
Credit Rating Allocation 8
Asset Allocation Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
Municipal 111.3% 100.0% 11.3%
Equity 0.1% - -
State Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
New York 89.9% 15.5% 74.4%
Puerto Rico 18.0% 0.3% 17.7%
Multistate Authority 1.7% 0.1% 1.6%
Northern Marianas 0.5% - -
Guam 0.3% 0.1% 0.2%
Virgin Islands 0.1% 0.0% 0.1%
Credit Rating Allocation Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
AAA 4.5% 19.4% -14.9%
AA 46.6% 56.3% -9.8%
A 16.7% 18.2% -1.5%
BBB 12.0% 4.8% 7.2%
BB 0.6% 0.0% 0.6%
B 0.3% - -
CCC 0.1% - -
CC 6.7% - -
C 1.4% - -
Unrated 22.4% 1.1% 21.3%
Other 0.1% - -
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
66
Category
Muni New York Long
Performance Statistics
3Y
5Y
Alpha
4.65
2.89
Beta
1.03
1.04
Information Ratio
1.43
0.86
R-Squared
51.24
43.25
Sharpe Ratio
1.20
1.21
Standard Deviation
4.85
4.72
Sortino Ratio
2.08
2.08
Tracking Error
3.39
3.55
Yields
Dividend Yield (w/o sales charge)
3.60%
Standardized Yield
3.22%
Taxable Equivalent Yield
6.00%
Interest Income 12/31/2018
Exposed to AMT
9.96%
Lipper
  • E
1y
3y
5y
Percentile
2
2
2
Rank
1
1
1
Funds in Category
91
83
82
Peer Group
New York Municipal Debt Funds
Portfolio Characteristics
Fund
Fund Index
Average Effective Maturity
11.08 yrs
5.99 yrs
Current Duration
9.00 yrs
6.60 yrs
Turnover Ratio
26%
-
Dividends
  • F
Est. Frequency
Monthly
Last Pay Date
2/19/2019
Per Share ($)
$0.0469
12-Month Distribution ($)
$0.5549
Distribution Sources
  • F
Net Income
93.80%
Net Profit from Sale
0.00%
Other Capital Sources
6.20%
Documents
  1. 1. 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.
  2. 2. 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.
  3. 3. Lipper Awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds' historical risk-adjusted returns, measured in local currency, relative to peers. Winners are selected using the Lipper Leader rating for Consistent Return for funds with at least 36 months of performance history as of 11/30/18. Awards are presented for the highest Lipper Leader for Consistent Return within each eligible classification over 3, 5 or 10 years. Other share classes may have different performance and expense characteristics. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper awards are not intended to predict future results. Licensee shall provide a conspicuous credit notice as follows: From Lipper Fund Awards from Refinitiv, © 2019 Refinitiv. All rights reserved. Used under license. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee results.
  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. 11.

    Based on the 2018 top federal tax rate of 40.8%, including the 3.8% tax on unearned income under the Patient Protection and Affordable Care Act, as applicable. For illustrative purposes only. Not intended to show any fund’s performance or investor’s results. Results would vary if a different tax rate were used.

  12. 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>
  13. B. 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.
  14. C. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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.  Class Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  15. D. "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.
  16. E. Lipper ranking is for Class Y shares and ranking may include more than one share class of funds in the category, including other share classes of this Fund. Ranking is based on total return as of the above date, without considering sales charges. Different share classes may have different expenses and performance characteristics.  <b>Past performance does not guarantee future results.</b>
  17. F. 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 )