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RMUNX Oppenheimer Rochester® Fund Municipals A

  • Fund
  • RMUNX
  • Price as of: Dec 07, 2018
  • $15.38
  • - $0.01
  • - 0.07%
  • Category
  • Single State Municipal Bonds

RMUNX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $4.93 B
  • Holdings in Top 10 15.4%

52 WEEK LOW AND HIGH

$15.38
$14.46
$15.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New York Long

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.79%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Oppenheimer Rochester® Fund Municipals Fund
  • Fund Family Name OppenheimerFunds
  • Inception Date May 15, 1986
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Troy E. Willis

Fund Description

The Oppenheimer Rochester Fund Municipals Fund Class A (RMUNX) is a low-cost, actively managed mutual fund that seeks to provide income that is exempt from both Federal taxes and New York State taxes. The fund does this by investing in various municipal bonds issued by state and local agencies and governments. The fund’s managers use credit analysis to find high-quality, undervalued bonds, holding them through maturity. As a long-duration bond fund, RMUNX’s holdings typically have maturities of 10 to 15 years.

For investors living in New York who are in higher tax brackets, RMUNX makes a great choice for finding income. The fund is internally managed by Oppenheimer Funds.

RMUNX - Performance

Return Ranking - Trailing

Period RMUNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.4% -100.0% 10.9% 1.17% 1
1 Yr 9.0% -13.2% 14.2% 1.76% 1
3 Yr 6.0% * -2.8% 8.2% 0.61% 1
5 Yr 6.4% * -2.7% 7.2% 1.02% 1
10 Yr 8.2% * 0.1% 9.4% 1.16% 1

* Annualized


Return Ranking - Calendar

Period RMUNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.6% -12.8% 6.8% 59.74% 5
2016 0.0% -4.9% 7.9% 1.65% 1
2015 -4.4% -7.9% 7.4% 66.36% 5
2014 7.4% -9.5% 15.6% 12.85% 1
2013 -16.0% -20.2% 7.4% 75.84% 5

Total Return Ranking - Trailing

Period RMUNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.4% -100.0% 10.9% 1.07% 1
1 Yr 3.8% -17.4% 14.2% 4.00% 1
3 Yr 4.3% * -3.7% 8.2% 1.12% 1
5 Yr 5.3% * -3.0% 7.2% 2.14% 1
10 Yr 7.7% * -0.1% 9.4% 1.47% 1

* Annualized


Total Return Ranking - Calendar

Period RMUNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.6% -12.8% 6.8% 59.64% 5
2016 0.0% -4.9% 7.6% 3.50% 1
2015 -4.4% -7.9% 8.0% 69.25% 5
2014 7.4% -9.5% 17.8% 14.56% 1
2013 -16.0% -20.2% 7.4% 76.77% 5

NAV & Total Return History

RMUNX - Holdings

Filings data as of: Oct 31, 2018

Concentration Analysis

RMUNX Category Low Category High RMUNX % Rank Quintile
Net Assets 4.93 B 2.11 M 18.2 B 0.48% 1
Number of Holdings 725 16 4174 0.97% 1
Net Assets in Top 10 784 M -1.25 M 2.71 B 0.19% 1
Weighting of Top 10 15.4% 2.8% 73.5% 31.88% 5

Top 10 Holdings

  1. CHILDRENS TR FD P R 0% 2.35%
  2. CHILDRENS TR FD P R 0% 1.77%
  3. NEW YORK TRANSN DEV CORP 5.25% 1.67%
  4. BROOKLYN ARENA LOC DEV CORP N Y PILOT 5% 1.66%
  5. PUERTO RICO SALES TAX FING CORP SALES TAX 5.25% 1.52%
  6. SUFFOLK TOB ASSET SECURITIZATION CORP N Y TOB SETTLEMENT ASSET-BKD 6.62% 1.45%
  7. MTA HUDSON RAIL YARDS 5% 1.33%
  8. LIBERTY N Y DEV CORP 5.25% 1.23%
  9. UNIVERSITY P R 5% 1.20%
  10. PUERTO RICO SALES TAX FING CORP SALES TAX 5.75% 1.19%

Asset Allocation

Weighting Category Low Category High RMUNX % Rank Quintile
Bonds
100.00% -0.91% 102.46% 1.94% 2
Stocks
0.00% 0.00% 0.36% 0.48% 5
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 5
Other
0.00% -2.07% 33.35% 6.10% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 5
Cash
0.00% -3.19% 99.63% 21.03% 5

Bond Sector Breakdown

Weighting Category Low Category High RMUNX % Rank Quintile
Municipal
100.00% 0.00% 110.35% 2.42% 2
Derivative
0.00% -5.47% 0.00% 0.10% 5
Cash & Equivalents
0.00% -3.19% 99.63% 20.64% 5
Securitized
0.00% 0.00% 0.00% 0.10% 5
Corporate
0.00% -0.11% 5.14% 2.91% 5
Government
0.00% -13.68% 4.71% 1.26% 5

Bond Geographic Breakdown

Weighting Category Low Category High RMUNX % Rank Quintile
US
81.53% -0.91% 101.79% 28.29% 5
Non US
18.47% 0.00% 45.96% 0.68% 1

RMUNX - Expenses

Operational Fees

RMUNX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.02% 0.09% 5.19% 10.95% 3
Management Fee 0.47% 0.00% 1.30% 1.74% 3
12b-1 Fee 0.25% 0.00% 1.00% 2.03% 3
Administrative Fee N/A 0.00% 0.33% N/A N/A

Sales Fees

RMUNX Fees (% of AUM) Category Low Category High RMUNX Rank Quintile
Front Load 4.75% 1.00% 5.75% 0.72% 5
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

RMUNX Fees (% of AUM) Category Low Category High RMUNX Rank Quintile
Max Redemption Fee N/A 0.50% 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.

RMUNX Fees (% of AUM) Category Low Category High RMUNX Rank Quintile
Turnover 23.00% 0.00% 293.00% 5.40% 4

RMUNX - Distributions

Dividend Yield Analysis

RMUNX Category Low Category High RMUNX % Rank Quintile
Dividend Yield 0.5% 0.00% 0.85% 2.74% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

RMUNX Category Low Category High RMUNX % Rank Quintile
Net Income Ratio 3.79% -0.21% 6.13% 3.20% 1

Capital Gain Distribution Analysis

RMUNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

RMUNX - Managers

Troy E. Willis

Lead Manager

Start Date

Jun 30, 2003

Tenure

15.43

Tenure Rank

3.7%

Mr. Willis has been a Senior Vice President of OppenheimerFunds Inc. since January 2017 and a Senior Portfolio Manager of OppenheimerFunds Inc. since January 2006. He was a Vice President of OppenheimerFunds Inc. from July 2009 to December 2016 and an Assistant Vice President of the Sub-Adviser from July 2005 to June 2009. Willis has been an assistant vice president of OppenheimerFunds Inc. since July 2005 and associate portfolio manager with the company since 2003. Prior to joining Oppenheimer Funds Inc. in 2003, he was a corporate attorney for Southern Resource Group from 1999 to 2003. Willis is a senior portfolio manager and officer of 18 portfolios in the Oppenheimer Funds complex.


Tenure Analysis

Category Low

0.0

Category High

39.1

Category Average

9.62

Category Mode

0.5