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Michael Camarella, CFA

Senior Portfolio Manager

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  • B.S. from State University of New York at Geneseo
  • M.B.A. from University of Rochester

Michael Camarella, CFA, is the lead portfolio manager for Oppenheimer Intermediate Term Municipal Fund, Oppenheimer Rochester AMT-Free New York Municipal Fund, and Oppenheimer Rochester Limited Term California Municipal Fund and a member of the Oppenheimer Municipal Fund Management team. Earlier, he worked at Wachovia Securities.

Mr. Camarella completed the Chartered Financial Analyst program in 2007 and is on the Geneseo Business Advisory Council.

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  • B.S. from State University of New York at Geneseo
  • M.B.A. from University of Rochester
  • 20 YRS

    Industry

  • 15 YRS

    Oppenheimer

Managed Funds
Fund Name Managed Since YTD as of
  • 9/24/18
1 Yr 3 Yr 5 Yr 10 Yr Life Expense Ratio (%)
 
Rochester® AMT-Free New York Municipal Fund A - OPNYX (NAV) 6/16/2003 6.49 2.49 5.06 4.25 4.84 6.47
8/16/84
1.02
 
Rochester® AMT-Free New York Municipal Fund A - OPNYX (with Sales Charge) 6/16/2003 6.49 -2.38 3.37 3.24 4.33 6.31
8/16/84
1.02
 
Rochester® Limited Term California Municipal Fund A - OLCAX (NAV) 2/25/2004 5.93 3.29 2.63 2.45 3.49 3.79
2/25/04
0.91
 
Rochester® Limited Term California Municipal Fund A - OLCAX (with Sales Charge) 2/25/2004 5.93 0.96 1.86 1.99 3.25 3.62
2/25/04
0.91
 
Rochester® Minnesota Municipal Fund A - OPAMX (NAV) 11/7/2006 1.67 2.78 3.04 4.34 4.95 4.01
11/7/06
1.13
 
Rochester® Minnesota Municipal Fund A - OPAMX (with Sales Charge) 11/7/2006 1.67 -2.10 1.38 3.32 4.44 3.57
11/7/06
1.13
 
Intermediate Term Municipal Fund A - ORRWX (NAV) 12/6/2010 -0.79 1.79 3.07 3.45 3.58
12/6/10
1.09
 
Intermediate Term Municipal Fund A - ORRWX (with Sales Charge) 12/6/2010 -0.79 -0.50 2.30 2.98 3.26
12/6/10
1.09
Average Annual Total Returns (%) as of 6/30/18
  • A

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. All fund returns include change in share price, reinvested distributions and the sales charges as listed below, unless "without sales charge" is indicated. Returns do not consider capital gains or income taxes on an individual's investment. Class A Share returns include a maximum sales charge of 5.75% (equity), 4.75% (most fixed income), 3.5% (Senior Floating Rate Fund, Senior Floating Rate Plus), 2.25% ("limited term" fixed income funds) and 0% (Money Market Funds). Class B Share returns include contingent deferred sales charge as follows:  For years 1 - 6 respectively, charges are 5%, 4%, 3%, 3%, 2%, 1% except for "limited term" fixed income funds (4%, 3%, 2%, 2%, 1%, 0%) and Senior Floating Rate (3%, 2% 1.5%, 1.5%, 1%, 0%). Class C Share returns include a 1% contingent deferred sales charge and are subject to an annual asset-based sales charge of 0.75%. Class R are subject to an annual asset-based sales charge of 0.25%. Annual asset-based sales charges are applied as follows: 0.75% on Class B/C; and 0.25% for Class R shares.  Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months).  Class Y shares are not subject to a sales charge.

On 2/22/2008 and 3/31/2008 for RWL, the last trade price was used to calculate market return because 4:00pm EST midpoint bid/ask prices are not available on those dates. On 9/30/2008, the last trade price for RWL was used to calculate market return because an uncorrected, failed trade resulted in an incorrect 4:00pm EST midpoint bid/ask price on that date. On 2/22/2008 and 3/31/2008 for RWJ, the last trade price was used to calculate market return because 4:00pm EST midpoint bid/ask prices are not available on those dates.

The NAV return is based on the net asset value of the Fund and the market return (MKT) is based on the market price per share of the Fund. The price used to calculate MKT is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the Fund are listed for trading when the Fund's NAV is calculated at market close. MKT and NAV assume dividends and capital gain distributions have been reinvested in the Fund at market price and NAV, respectively. Returns less than one year are cumulative.

  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. As of the close of the New York Stock Exchange on March 24, 2016, the purchase and exchange of Fund shares are restricted, subject to certain exceptions. Please see the prospectus for further information.
  4. 4. Prior to 6/29/18, the Fund's name was Oppenheimer Rochester Intermediate Term Municipal Fund.
  5. 5. Before June 29, 2018, Oppenheimer Short Term Municipal Fund was known as Oppenheimer Rochester Short Term Municipal Fund, and Oppenheimer Intermediate Term Municipal Fund was known as Oppenheimer Rochester Intermediate Term Fund. Effective June 29, various changes were made to each fund’s prospectus. Past performance, therefore, is not indicative of future results. Investors are encouraged to review each fund’s prospectus and summary prospectus for additional details.
     
     
  6. A. Returns are preliminary and subject to change until the first business day of the month.
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