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ORRWX

Rochester®® Intermediate Term Municipal Fund

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Overview

The Strategy typically invests in municipal bonds issued across the United States.

Inception Date
December 6, 2010
Investment Style
National
Fund Index
Bloomberg Barclays Municipal 5 Yr (4-6) Index
CUSIP
68385T108
NAV
  • A
(as of 12/11/2017)
$4.43
Total Assets
(as of 10/31/2017)
$239.00 MM
Gross Expense Ratio
(as of 11/30/2017)
1.06%
Net Expense Ratio
(as of 11/30/2017)
1.02%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2017
  • E
as of 09/30/2017
  • E

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • E
Cumulative
Annualized
3 mo ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr since inception
Rochester® Intermediate Term Municipal Fund (NAV)
1.47% 5.11% 0.44% 3.45% 2.93% 3.93%
Cumulative
Annualized
3 mo ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr since inception
Rochester® Intermediate Term Municipal Fund (with sales charge)
-0.81% 2.74% -1.82% 2.67% 2.46% 3.58%
Cumulative
Annualized
3 mo ytd as of 2017-11-30
  • C
1 yr 3 yr 5 yr since inception
Rochester® Intermediate Term Municipal Fund (NAV)
-0.37% 4.79% 6.16% 3.09% 2.46% 3.79%
Cumulative
Annualized
3 mo ytd as of 2017-11-30
  • C
1 yr 3 yr 5 yr since inception
Rochester® Intermediate Term Municipal Fund (with sales charge)
-2.61% 2.43% 3.77% 2.31% 2.00% 3.45%
Gross Expense Ratio: 1.06% | Net Expense Ratio: 1.02%

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 2.25% maximum sales charge as indicated.


Year Rochester® Intermediate Term Municipal Fund Bloomberg Barclays Municipal 5 Yr (4-6) Index
2011 7.56% 6.93%
2012 6.38% 2.96%
2013 -3.75% 0.81%
2014 8.91% 3.19%
2015 3.83% 2.43%
2016 0.18% -0.39%

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 2.25% maximum sales charge as indicated.


Date Rochester® Intermediate Term Municipal Fund Bloomberg Barclays Municipal 5 Yr (4-6) Index BBG Barclays Agg
10/31/2012 0.00 0.00 0.00
11/30/2012 1.68 0.39 0.16
12/31/2012 0.52 -0.26 0.02
1/31/2013 0.92 0.22 -0.68
2/28/2013 1.30 0.60 -0.19
3/31/2013 0.83 0.58 -0.11
4/30/2013 1.86 1.04 0.90
5/31/2013 0.76 0.45 -0.90
6/30/2013 -2.37 -1.14 -2.43
7/31/2013 -3.30 -0.53 -2.30
8/31/2013 -5.03 -1.23 -2.80
9/30/2013 -3.30 -0.28 -1.88
10/31/2013 -2.82 0.78 -1.08
11/30/2013 -2.68 0.72 -1.45
12/31/2013 -2.95 0.56 -2.01
1/31/2014 -1.47 1.62 -0.56
2/28/2014 -0.26 2.43 -0.03
3/31/2014 0.24 1.56 -0.20
4/30/2014 1.13 2.13 0.64
5/31/2014 3.07 2.80 1.79
6/30/2014 2.93 2.86 1.84
7/31/2014 2.72 3.00 1.58
8/31/2014 4.10 3.72 2.70
9/30/2014 4.44 3.67 2.01
10/31/2014 5.03 4.03 3.01
11/30/2014 5.28 4.10 3.74
12/31/2014 5.84 3.76 3.84
1/31/2015 7.30 5.33 6.01
2/28/2015 6.66 4.62 5.02
3/31/2015 7.02 4.55 5.51
4/30/2015 6.69 4.44 5.13
5/31/2015 6.26 4.09 4.87
6/30/2015 6.11 4.38 3.73
7/31/2015 6.85 4.93 4.45
8/31/2015 7.43 4.95 4.30
9/30/2015 8.41 5.59 5.01
10/31/2015 8.63 6.18 5.02
11/30/2015 9.60 6.08 4.75
12/31/2015 10.80 6.29 4.41
1/31/2016 12.08 7.51 5.84
2/29/2016 12.05 7.92 6.60
3/31/2016 12.80 7.50 7.57
4/30/2016 13.76 8.03 7.99
5/31/2016 14.01 7.81 8.01
6/30/2016 16.29 8.75 9.96
7/31/2016 16.22 9.16 10.65
8/31/2016 16.43 9.16 10.52
9/30/2016 16.09 8.73 10.46
10/31/2016 14.51 8.25 9.61
11/30/2016 9.54 5.35 7.02
12/31/2016 11.00 5.87 7.17
1/31/2017 11.50 6.98 7.38
2/28/2017 12.21 7.85 8.10
3/31/2017 12.66 7.88 8.05
4/30/2017 13.40 8.62 8.88
5/31/2017 15.44 9.70 9.72
6/30/2017 15.10 9.23 9.61
7/31/2017 15.62 10.03 10.08
8/31/2017 16.91 10.73 11.07
9/30/2017 16.85 9.97 10.54
10/31/2017 17.11 9.94 10.60
Date Dividends
12/28/2012 0.031
1/22/2013 0.031
2/19/2013 0.029
3/26/2013 0.029
4/23/2013 0.029
5/28/2013 0.027
6/25/2013 0.027
7/23/2013 0.027
8/27/2013 0.027
9/24/2013 0.027
10/22/2013 0.028
11/26/2013 0.028
12/30/2013 0.028
1/28/2014 0.029
2/25/2014 0.029
3/25/2014 0.029
4/22/2014 0.029
5/27/2014 0.03
6/24/2014 0.03
7/22/2014 0.03
8/26/2014 0.03
9/23/2014 0.03
10/28/2014 0.03
11/25/2014 0.03
12/31/2014 0.03
1/27/2015 0.03
2/24/2015 0.03
3/24/2015 0.03
4/21/2015 0.028
5/26/2015 0.028
6/23/2015 0.028
7/28/2015 0.028
8/25/2015 0.0247
9/22/2015 0.008
10/27/2015 0.008
11/24/2015 0.008
12/31/2015 0.008
1/26/2016 0.008
2/23/2016 0.008
3/22/2016 0.008
4/26/2016 0.008
5/24/2016 0.008
6/21/2016 0.008
7/26/2016 0.007
8/23/2016 0.007
9/27/2016 0.007
10/25/2016 0.007
11/22/2016 0.007
12/30/2016 0.007
1/24/2017 0.007
2/21/2017 0.007
3/28/2017 0.007
4/25/2017 0.007
5/23/2017 0.007
6/27/2017 0.007
7/25/2017 0.008
8/22/2017 0.008
9/26/2017 0.008
10/24/2017 0.008
11/21/2017 0.008

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 2.25% maximum sales charge as indicated.

$ per share as of 12/11/2017

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

(96.8% of assets as of 10/31/2017)


Portfolio Holdings Breakdown

State 6
Credit Rating Allocation 7
Asset Allocation 6
State Rochester® Intermediate Term Municipal Fund Bloomberg Barclays Municipal 5 Yr (4-6) Index Overweight / Underweight
California 19.3% 16.2% 3.2%
Texas 9.7% 7.6% 2.1%
Pennsylvania 9.7% 3.0% 6.8%
New York 8.1% 14.1% -6.0%
Illinois 7.1% 4.2% 3.0%
New Jersey 6.7% 4.3% 2.4%
Florida 4.7% 4.6% 0.0%
Michigan 4.2% 1.3% 2.9%
Louisiana 2.9% 1.1% 1.8%
Kentucky 2.1% 0.6% 1.5%
Missouri 2.0% 0.8% 1.2%
Washington 2.0% 3.1% -1.1%
Ohio 1.9% 2.4% -0.5%
Arizona 1.9% 2.1% -0.2%
Rhode Island 1.6% 0.3% 1.3%
Mississippi 1.6% 0.5% 1.1%
Maryland 1.5% 3.4% -1.9%
Alabama 1.5% 1.0% 0.5%
Connecticut 1.3% 2.1% -0.8%
South Carolina 1.2% 0.7% 0.5%
Credit Rating Allocation Rochester® Intermediate Term Municipal Fund Bloomberg Barclays Municipal 5 Yr (4-6) Index Overweight / Underweight
AA 41.3% 11.5% 29.9%
A 34.1% 1.3% 32.7%
BBB 10.5% 0.7% 9.8%
Unrated 7.7% 0.2% 7.5%
B 2.4% - -
AAA 2.3% 1.6% 0.7%
BB 0.9% - -
Asset Allocation Rochester® Intermediate Term Municipal Fund Bloomberg Barclays Municipal 5 Yr (4-6) Index Overweight / Underweight
Municipal 99.2% 100.0% -0.8%
Analytics
(As of 10/31/2017)

Morningstar 10/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
257
Category
Muni National Interm
Performance Statistics
3Y
5Y
Alpha
1.14
0.49
Beta
1.22
1.31
Information Ratio
0.74
0.43
R-Squared
72.16
67.64
Sharpe Ratio
0.82
0.70
Standard Deviation
3.64
3.86
Sortino Ratio
0.32
0.28
Tracking Error
2.00
2.32
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
11/21/2017
Per Share ($)
$0.01
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.09
Lipper
1y
3y
5y
Percentile
10
6
9
Rank
20
11
15
Funds in Category
209
194
167
Peer Group
Intermediate Municipal Debt Funds
Portfolio Characteristics
Fund
Fund Index
Average Effective Maturity
6.39 yrs
4.43 yrs
Current Duration
5.30 yrs
4.00 yrs
Turnover Ratio
24.00%
-
Yields
Dividend Yield (with sales charge)
2.11%
Dividend Yield (w/o sales charge)
2.16%
Standardized Yield
1.50%
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. 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. 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. The Fund will not invest more than 15% of its total assets in unrated securities. However, this limitation does not apply to unrated debt that has similar characteristics and is comparable to NRSRO rated debt issued by the same issuer or guaranteed by the same guarantor.
  3. 3. 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.
  4. 4. 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.
  5. 5. Access index definitions.
  6. 6. 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.
  7. 7. 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.
  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.
  14. E. 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 2.25% maximum sales charge as indicated.
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