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ORNCX Oppenheimer Rochester® High Yld Muni C

  • Fund
  • ORNCX
  • Price as of: Jul 13, 2018
  • $7.32
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Municipal Bonds

ORNCX - Profile

Vitals

  • YTD Return 5.2%
  • 3 Yr Annualized Return 7.8%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $6.21 B
  • Holdings in Top 10 12.3%

52 WEEK LOW AND HIGH

$7.32
$6.88
$7.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.78%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

High Yield Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.66%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Oppenheimer Rochester® High Yield Municipal Fund
  • Fund Family Name OppenheimerFunds
  • Inception Date Aug 29, 1995
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Scott S. Cottier

Fund Description

Under normal market conditions, and as a fundamental policy, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual and, as applicable, the fund's state income tax. It invests in municipal securities issued by the governments of states, their political subdivisions and the District of Columbia, U.S. territories, commonwealths and possessions or by their agencies, instrumentalities and authorities.

ORNCX - Performance

Return Ranking - Trailing

Period ORNCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.2% -1.9% 5.2% 0.69% 1
1 Yr 5.6% -9.1% 12.2% 19.86% 1
3 Yr 7.8% * 0.2% 8.8% 2.08% 1
5 Yr 6.5% * -0.7% 7.4% 8.89% 1
10 Yr 4.3% * 2.7% 6.5% 77.06% 4

* Annualized


Return Ranking - Calendar

Period ORNCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.0% -6.7% 8.6% 57.93% 5
2016 -1.4% -6.7% 2.4% 9.72% 1
2015 -2.0% -2.0% 13.1% 61.81% 5
2014 8.2% -12.2% 13.1% 43.07% 4
2013 -13.4% -13.7% 12.2% 60.66% 5

Total Return Ranking - Trailing

Period ORNCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.2% -100.0% 5.2% 0.69% 1
1 Yr 4.6% -8.3% 9.2% 21.23% 2
3 Yr 7.8% * 0.4% 8.8% 1.39% 1
5 Yr 6.5% * 1.5% 7.4% 5.93% 1
10 Yr 4.3% * 2.7% 6.5% 73.39% 4

* Annualized


Total Return Ranking - Calendar

Period ORNCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.0% -4.4% 8.6% 57.93% 5
2016 -1.4% -5.0% 4.3% 13.89% 1
2015 -2.0% -2.0% 19.5% 65.97% 5
2014 8.2% -11.4% 20.0% 45.26% 4
2013 -13.4% -13.7% 17.7% 62.30% 5

NAV & Total Return History

ORNCX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

ORNCX Category Low Category High ORNCX % Rank Quintile
Net Assets 6.21 B 152 K 17 B 3.40% 1
Number of Holdings 1247 51 3048 6.12% 1
Net Assets in Top 10 757 M -34.9 M 1.99 B 2.72% 1
Weighting of Top 10 12.3% 5.7% 36.2% 19.05% 3

Top 10 Holdings

  1. GOLDEN ST TOB SECURITIZATION CORP CALIF 5.75% 2.51%
  2. MICHIGAN TOB SETTLEMENT FIN AUTH 0% 1.36%
  3. CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY 0% 1.17%
  4. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY 6.25% 1.13%
  5. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 1.12%
  6. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.88% 1.07%
  7. JEFFERSON CNTY ALA 6.5% 1.00%
  8. DISTRICT COLUMBIA TOB SETTLEMENT FING CORP 0% 1.00%
  9. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.25% 0.99%
  10. PUBLIC FIN AUTH WIS 6.75% 0.95%

Asset Allocation

Weighting Category Low Category High ORNCX % Rank Quintile
Bonds
99.76% 77.89% 105.44% 8.16% 2
Cash
0.23% -5.44% 22.11% 20.41% 4
Stocks
0.01% 0.00% 2.97% 3.40% 1
Preferred Stocks
0.00% 0.00% 0.00% 0.68% 2
Other
0.00% -0.32% 3.26% 6.80% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.68% 2

Stock Sector Breakdown

Weighting Category Low Category High ORNCX % Rank Quintile
Industrials
0.01% 0.00% 2.96% 13.89% 3
Utilities
0.00% 0.00% 0.00% 2.78% 3
Technology
0.00% 0.00% 0.00% 2.78% 3
Real Estate
0.00% 0.00% 0.00% 2.78% 3
Healthcare
0.00% 0.00% 0.00% 2.78% 3
Financial Services
0.00% 0.00% 0.00% 2.78% 3
Energy
0.00% 0.00% 0.00% 2.78% 3
Communication Services
0.00% 0.00% 0.00% 2.78% 3
Consumer Defense
0.00% 0.00% 0.00% 2.78% 3
Consumer Cyclical
0.00% 0.00% 0.01% 5.56% 3
Basic Materials
0.00% 0.00% 0.00% 2.78% 3

Stock Geographic Breakdown

Weighting Category Low Category High ORNCX % Rank Quintile
US
0.01% 0.00% 2.97% 3.40% 1
Non US
0.00% 0.00% 0.00% 0.68% 2

Bond Sector Breakdown

Weighting Category Low Category High ORNCX % Rank Quintile
Municipal
99.73% 90.16% 104.02% 9.52% 2
Cash & Equivalents
0.23% -5.44% 22.10% 19.73% 3
Corporate
0.03% 0.00% 0.76% 9.52% 2
Derivative
0.00% -4.18% 0.05% 2.04% 2
Securitized
0.00% 0.00% 0.08% 1.36% 2
Government
0.00% -8.50% 7.10% 5.44% 2

Bond Geographic Breakdown

Weighting Category Low Category High ORNCX % Rank Quintile
US
90.07% 74.69% 102.07% 27.89% 5
Non US
9.69% -0.14% 13.03% 2.04% 1

ORNCX - Expenses

Operational Fees

ORNCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.78% 0.27% 44.43% 4.76% 5
Management Fee 0.37% 0.00% 0.75% 12.93% 1
12b-1 Fee 0.90% 0.00% 1.00% 3.60% 4
Administrative Fee 0.08% 0.00% 0.35% 13.46% 3

Sales Fees

ORNCX Fees (% of AUM) Category Low Category High ORNCX Rank Quintile
Front Load N/A 1.00% 4.75% N/A N/A
Deferred Load 1.00% 0.60% 5.50% 7.27% 2

Trading Fees

ORNCX Fees (% of AUM) Category Low Category High ORNCX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ORNCX Fees (% of AUM) Category Low Category High ORNCX Rank Quintile
Turnover 29.00% 3.00% 172.00% 14.29% 3

ORNCX - Distributions

Dividend Yield Analysis

ORNCX Category Low Category High ORNCX % Rank Quintile
Dividend Yield 0.4% 0.16% 0.96% 33.57% 2

Dividend Distribution Analysis

ORNCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ORNCX Category Low Category High ORNCX % Rank Quintile
Net Income Ratio 4.66% 1.39% 5.74% 9.52% 1

Capital Gain Distribution Analysis

ORNCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

ORNCX - Managers

Scott S. Cottier

Lead Manager

Start Date

Sep 30, 2002

Tenure

15.76

Tenure Rank

3.0%

Cottier has been a vice president and a senior portfolio manager with OppenheimerFunds, Inc. He has been a vice president of OppenheimerFunds, Inc. since 2002. Prior to joining it in 2002, Cottier was a portfolio manager and trader at Victory Capital Management from 1999 to 2002.


Tenure Analysis

Category Low

0.0

Category High

29.5

Category Average

8.37

Category Mode

3.5