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RMUYX

Rochester® Fund Municipals

Overview

The Strategy typically invests in New York municipal bonds.

Inception Date
April 28, 2000
Investment Style
Single-State
Fund Index
Bloomberg Barclays Municipal Index
CUSIP
771362407
NAV
  • A
(as of 12/15/2017)
$14.62
Total Assets
(as of 11/30/2017)
$5.15 BN
Gross Expense Ratio
(as of 11/30/2017)
0.83%
Net Expense Ratio
(as of 11/30/2017)
0.83%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2017
  • B
as of 09/30/2017
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Fund Municipals (NAV)
5.99% 2.14% 5.32% 3.64% 4.39% 5.50%
Bloomberg Barclays Municipal Index
4.66% 0.87% 3.19% 3.01% 4.52% -
Cumulative
Annualized
ytd as of 2017-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Rochester® Fund Municipals (NAV)
3.42% 4.10% 4.17% 2.51% 4.18% 5.30%
Bloomberg Barclays Municipal Index
4.36% 5.58% 2.79% 2.55% 4.38% -
Gross Expense Ratio: 0.83% | Net Expense Ratio: 0.74%

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%

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
11/30/2007 0.00 0.00 0.00
12/31/2007 -0.37 0.28 0.28
1/31/2008 -0.30 1.54 1.97
2/29/2008 -7.92 -3.11 2.11
3/31/2008 -5.14 -0.34 2.46
4/30/2008 -2.99 0.83 2.24
5/31/2008 -2.01 1.44 1.49
6/30/2008 -3.52 0.29 1.41
7/31/2008 -4.97 0.68 1.33
8/31/2008 -3.21 1.85 2.29
9/30/2008 -13.20 -2.92 0.91
10/31/2008 -23.63 -3.91 -1.47
11/30/2008 -26.27 -3.61 1.74
12/31/2008 -30.99 -2.20 5.54
1/31/2009 -24.77 1.38 4.60
2/28/2009 -22.46 1.91 4.21
3/31/2009 -23.77 1.93 5.66
4/30/2009 -18.98 3.96 6.16
5/31/2009 -13.16 5.06 6.93
6/30/2009 -14.77 4.08 7.54
7/31/2009 -13.37 5.82 9.28
8/31/2009 -7.50 7.63 10.41
9/30/2009 2.90 11.49 11.57
10/31/2009 -0.80 9.15 12.12
11/30/2009 -0.82 10.05 13.57
12/31/2009 0.19 10.43 11.79
1/31/2010 1.43 11.00 13.50
2/28/2010 3.11 12.08 13.93
3/31/2010 4.37 11.81 13.79
4/30/2010 6.50 13.17 14.97
5/31/2010 7.84 14.02 15.94
6/30/2010 6.88 14.08 17.76
7/31/2010 8.46 15.51 19.01
8/31/2010 11.89 18.15 20.54
9/30/2010 12.65 17.97 20.67
10/31/2010 13.17 17.64 21.10
11/30/2010 7.96 15.29 20.41
12/31/2010 4.04 13.05 19.11
1/31/2011 1.06 12.22 19.25
2/28/2011 2.11 14.01 19.54
3/31/2011 1.14 13.63 19.61
4/30/2011 3.24 15.66 21.13
5/31/2011 6.24 17.64 22.71
6/30/2011 8.51 18.05 22.35
7/31/2011 10.12 19.25 24.29
8/31/2011 10.60 21.29 26.11
9/30/2011 14.72 22.55 27.03
10/31/2011 13.62 22.09 27.16
11/30/2011 13.06 22.81 27.05
12/31/2011 16.15 25.15 28.45
1/31/2012 20.78 28.04 29.58
2/29/2012 21.83 28.17 29.55
3/31/2012 22.27 27.34 28.84
4/30/2012 24.18 28.81 30.26
5/31/2012 25.66 29.88 31.44
6/30/2012 25.65 29.74 31.49
7/31/2012 28.09 31.79 33.31
8/31/2012 28.66 31.94 33.40
9/30/2012 29.20 32.74 33.58
10/31/2012 30.25 33.11 33.84
11/30/2012 33.13 35.31 34.05
12/31/2012 31.36 33.63 33.86
1/31/2013 33.81 34.19 32.93
2/28/2013 34.72 34.60 33.59
3/31/2013 33.36 34.02 33.70
4/30/2013 35.67 35.49 35.05
5/31/2013 35.19 33.83 32.64
6/30/2013 27.88 30.04 30.59
7/31/2013 23.37 28.90 30.77
8/31/2013 16.96 27.07 30.10
9/30/2013 19.45 29.80 31.33
10/31/2013 20.94 30.82 32.39
11/30/2013 19.74 30.55 31.90
12/31/2013 17.28 30.22 31.15
1/31/2014 21.09 32.76 33.09
2/28/2014 24.82 34.32 33.80
3/31/2014 24.95 34.54 33.57
4/30/2014 26.06 36.16 34.70
5/31/2014 29.99 37.91 36.23
6/30/2014 28.08 38.03 36.30
7/31/2014 27.62 38.27 35.96
8/31/2014 31.70 39.95 37.46
9/30/2014 32.22 40.09 36.53
10/31/2014 32.40 41.05 37.87
11/30/2014 33.35 41.29 38.85
12/31/2014 34.41 42.01 38.98
1/31/2015 37.19 44.52 41.89
2/28/2015 37.13 43.03 40.56
3/31/2015 36.94 43.45 41.21
4/30/2015 36.07 42.69 40.70
5/31/2015 37.57 42.30 40.36
6/30/2015 32.91 42.17 38.83
7/31/2015 33.46 43.20 39.80
8/31/2015 34.31 43.48 39.60
9/30/2015 36.16 44.52 40.54
10/31/2015 36.96 45.10 40.57
11/30/2015 37.42 45.67 40.19
12/31/2015 37.22 46.70 39.74
1/31/2016 38.29 48.45 41.66
2/29/2016 39.25 48.68 42.67
3/31/2016 40.02 49.15 43.98
4/30/2016 40.78 50.25 44.53
5/31/2016 42.57 50.65 44.57
6/30/2016 48.50 53.05 47.17
7/31/2016 49.36 53.14 48.10
8/31/2016 49.91 53.35 47.93
9/30/2016 51.22 52.59 47.84
10/31/2016 50.04 50.98 46.71
11/30/2016 44.80 45.35 43.24
12/31/2016 45.74 47.06 43.44
1/31/2017 47.58 48.03 43.72
2/28/2017 49.30 49.06 44.69
3/31/2017 50.30 49.38 44.61
4/30/2017 53.74 50.46 45.73
5/31/2017 55.26 52.85 46.85
6/30/2017 55.31 52.30 46.70
7/31/2017 55.46 53.54 47.33
8/31/2017 56.81 54.71 48.66
9/30/2017 54.46 53.92 47.95
10/31/2017 52.17 54.29 48.03
11/30/2017 50.73 53.47 47.84
Date Dividends
12/28/2007 0.0746
1/22/2008 0.0739
2/26/2008 0.0748
3/25/2008 0.0739
4/22/2008 0.075
5/27/2008 0.0755
6/24/2008 0.075
7/22/2008 0.0758
8/26/2008 0.0761
9/23/2008 0.0756
10/28/2008 0.0757
11/25/2008 0.0753
12/30/2008 0.0753
1/27/2009 0.0752
2/24/2009 0.0754
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

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 12/15/2017

Date 2012 2013 2014 2015 2016
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

(105.9% of assets as of 11/30/2017)


Portfolio Holdings Breakdown

State 7
Credit Rating Allocation
Asset Allocation 7
State Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
New York 84.9% 15.4% 69.5%
Puerto Rico 18.7% 0.5% 18.2%
Multistate Authority 3.0% 0.1% 2.9%
Northern Marianas 0.8% - -
Virgin Islands 0.5% 0.0% 0.5%
Guam 0.3% 0.2% 0.1%
Credit Rating Allocation Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
AA 35.8% 55.8% -20.1%
Unrated 20.4% 0.0% 20.4%
A 13.9% 17.3% -3.3%
AAA 13.9% 22.0% -8.1%
CC 10.1% - -
BBB 7.9% 4.9% 3.1%
B 4.9% 0.0% 4.9%
C 1.7% - -
BB 1.0% 0.0% 1.0%
CCC 0.1% - -
Other 0.1% - -
Asset Allocation Rochester® Fund Municipals Bloomberg Barclays Municipal Index Overweight / Underweight
Municipal 109.7% 100.0% 9.7%
Equity 0.1% - -
Analytics
(As of 11/30/2017)

Morningstar 11/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
66
Category
Muni New York Long
Performance Statistics
3Y
5Y
Alpha
1.34
-0.89
Beta
1.02
1.43
Information Ratio
0.40
-0.01
R-Squared
49.55
62.94
Sharpe Ratio
0.79
0.38
Standard Deviation
4.81
6.41
Sortino Ratio
0.34
0.15
Tracking Error
3.43
4.19
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
11/21/2017
Per Share ($)
$0.0527
12-Month Distribution ($)
$0.7492
Lipper
1y
3y
5y
Percentile
43
2
16
Rank
39
1
13
Funds in Category
90
89
82
Peer Group
New York Municipal Debt Funds
Portfolio Characteristics
Fund
Fund Index
Average Effective Maturity
11.44 yrs
5.96 yrs
Current Duration
8.90 yrs
6.70 yrs
Turnover Ratio
33.00%
-
Yields
Dividend Yield (w/o sales charge)
4.33%
Standardized Yield
2.99%
Distribution Sources
  • D
Net Income
78.30%
Net Profit from Sale
0.00%
Other Capital Sources
21.70%
Interest Income 12/31/2016
Exposed to AMT
18.85%
Team
Documents
  1. 1. A portion of the Fund's distributions may be subject to tax and may increase taxes for investors subject to Alternative Minimum Tax (AMT).  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. 2. 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.
  3. 3. 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.
  4. 4. The net expense ratio is not the result of a fee waiver or expense reimbursement.
  5. 5. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  6. 6. Access index definitions.
  7. 7. 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.
  8. 8. 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.
  9. 9. 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.
  10. 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.
  11. B. 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.
  12. 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.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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