Municipal bonds are awash with a variety of issuers, and within different bonds and their structures we find a plethora of opportunities. In this episode, Brian Levitt and Greg Brown speak with Portfolio Manager Troy Willis, who leads the Rochester Fund Municipals and Oppenheimer Rochester AMT- Free Municipal Fund. Mutual funds and exchange traded funds are subject to market risk and volatility. Shares may gain or lose value. Municipal bonds are subject to default on income and principal payments. The Rochester municipal bond funds 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. Deterioration of the Puerto Rican economy could have an adverse impact on Puerto Rican bonds and the performance of the Rochester municipal funds that hold them. Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by visiting Oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing

These views represent the opinions of OppenheimerFunds and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the publication date, and are subject to change based on subsequent developments.