-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U00QHzRC8CSOQ9vIZN9bnRZv5m89ruSnAYjtD7eAHoE6rrklx+hpz5FjS+RYBD2l eC4WYDy5joodNGTFkUUV0g== 0000935069-06-001566.txt : 20060530 0000935069-06-001566.hdr.sgml : 20060529 20060530170442 ACCESSION NUMBER: 0000935069-06-001566 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060331 FILED AS OF DATE: 20060530 DATE AS OF CHANGE: 20060530 EFFECTIVENESS DATE: 20060530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROCHESTER FUND MUNICIPALS CENTRAL INDEX KEY: 0000093621 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 160473255 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03614 FILM NUMBER: 06874679 BUSINESS ADDRESS: STREET 1: 350 LINDEN OAKS CITY: ROCHESTER STATE: NY ZIP: 14625-2807 BUSINESS PHONE: 7163838700 MAIL ADDRESS: STREET 1: 350 LINDEN OAKS CITY: ROCHESTER STATE: NY ZIP: 14625-2807 FORMER COMPANY: FORMER CONFORMED NAME: ROCHESTER FUND MUNICIPALS INC DATE OF NAME CHANGE: 19920521 FORMER COMPANY: FORMER CONFORMED NAME: MARTEK INVESTORS INC/NY DATE OF NAME CHANGE: 19860302 FORMER COMPANY: FORMER CONFORMED NAME: STAR SUPERMARKETS INC DATE OF NAME CHANGE: 19830104 0000093621 S000008503 ROCHESTER FUND MUNICIPALS C000023347 A C000023348 B C000023349 C C000023350 Y N-Q 1 rq365_32011nq.txt RQ365_32011NQ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-3614 ROCHESTER FUND MUNICIPALS (Exact name of registrant as specified in charter) 6803 SOUTH TUCSON WAY, CENTENNIAL, COLORADO 80112-3924 (Address of principal executive offices) (Zip code) ROBERT G. ZACK, ESQ. OPPENHEIMERFUNDS, INC. TWO WORLD FINANCIAL CENTER, NEW YORK, NEW YORK 10281-1008 (Name and address of agent for service) Registrant's telephone number, including area code: (303) 768-3200 Date of fiscal year end: DECEMBER 31 Date of reporting period: MARCH 31, 2006 ITEM 1. SCHEDULE OF INVESTMENTS. Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ Municipal Bonds and Notes--100.5% - ------------------------------------------------------------------------------------------------------------------------------------ New York--86.1% $ 125,000 Albany County Airport Authority 5.500% 12/15/2019 $ 130,485 - ------------------------------------------------------------------------------------------------------------------------------------ 1,035,000 Albany County IDA (Albany College of Pharmacy) 5.375 12/01/2024 1,071,887 - ------------------------------------------------------------------------------------------------------------------------------------ 1,700,000 Albany County IDA (Albany College of Pharmacy) 5.625 12/01/2034 1,779,951 - ------------------------------------------------------------------------------------------------------------------------------------ 885,000 Albany Hsg. Authority (Lark Drive) 5.500 12/01/2028 912,231 - ------------------------------------------------------------------------------------------------------------------------------------ 1,420,000 Albany IDA (Albany Medical Center) 6.000 05/01/2019 1,456,281 - ------------------------------------------------------------------------------------------------------------------------------------ 2,460,000 Albany IDA (Albany Medical Center) 6.000 05/01/2029 2,511,266 - ------------------------------------------------------------------------------------------------------------------------------------ 400,000 Albany IDA (Albany Municipal Golf Course Clubhouse) 7.500 05/01/2012 401,276 - ------------------------------------------------------------------------------------------------------------------------------------ 895,000 Albany IDA (Albany Rehab.) 8.375 06/01/2023 935,418 - ------------------------------------------------------------------------------------------------------------------------------------ 4,005,000 Albany IDA (Charitable Leadership) 5.750 07/01/2026 4,143,613 - ------------------------------------------------------------------------------------------------------------------------------------ 3,730,000 Albany IDA (Daughters of Sarah Nursing Home) 5.375 10/20/2030 3,974,278 - ------------------------------------------------------------------------------------------------------------------------------------ 2,485,000 Albany IDA (Hampton Plaza) 6.250 03/15/2018 2,530,799 - ------------------------------------------------------------------------------------------------------------------------------------ 900,000 Albany IDA (New Covenant Charter School) 7.000 05/01/2025 875,502 - ------------------------------------------------------------------------------------------------------------------------------------ 1,285,000 Albany IDA (Sage Colleges) 5.250 04/01/2019 1,308,438 - ------------------------------------------------------------------------------------------------------------------------------------ 1,760,000 Albany IDA (Sage Colleges) 5.300 04/01/2029 1,787,843 - ------------------------------------------------------------------------------------------------------------------------------------ 2,510,000 Albany Parking Authority 5.625 07/15/2020 2,671,594 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 Albany Parking Authority 5.625 07/15/2025 2,122,940 - ------------------------------------------------------------------------------------------------------------------------------------ 1,770,000 Albany Parking Authority 1 7.050 2 11/01/2017 971,571 - ------------------------------------------------------------------------------------------------------------------------------------ 5,700,000 Allegany County IDA (Houghton College) 5.250 01/15/2024 5,809,668 - ------------------------------------------------------------------------------------------------------------------------------------ 920,000 Amherst IDA (Asbury Pointe) 5.800 02/01/2015 920,359 - ------------------------------------------------------------------------------------------------------------------------------------ 10,000 Amherst IDA (Asbury Pointe) 6.000 02/01/2023 10,003 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Amherst IDA (Asbury Pointe) 6.000 02/01/2029 3,045,480 - ------------------------------------------------------------------------------------------------------------------------------------ 2,880,000 Amherst IDA (Daemen College) 6.000 10/01/2021 3,031,632 - ------------------------------------------------------------------------------------------------------------------------------------ 10,055,000 Amherst IDA (Daemen College) 6.125 10/01/2031 10,553,426 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Amherst IDA (UBF Faculty-Student Hsg. Corp.) 5.250 08/01/2031 26,605 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Appleridge Retirement Community 5.750 09/01/2041 3,223,890 - ------------------------------------------------------------------------------------------------------------------------------------ 650,000 Babylon IDA (WWH Ambulance) 7.375 09/15/2008 653,887 - ------------------------------------------------------------------------------------------------------------------------------------ 40,000 Bethany Retirement Home 7.450 02/01/2024 40,524 - ------------------------------------------------------------------------------------------------------------------------------------ 810,000 Bethlehem Water System 5.250 03/01/2018 857,523 - ------------------------------------------------------------------------------------------------------------------------------------ 855,000 Bethlehem Water System 5.375 03/01/2019 915,081 - ------------------------------------------------------------------------------------------------------------------------------------ 905,000 Bethlehem Water System 5.375 03/01/2020 968,594 - ------------------------------------------------------------------------------------------------------------------------------------ 955,000 Bethlehem Water System 5.500 03/01/2021 1,030,837 - ------------------------------------------------------------------------------------------------------------------------------------ 505,000 Bethlehem Water System 5.500 03/01/2022 544,400 - ------------------------------------------------------------------------------------------------------------------------------------ 1,065,000 Blauvelt Volunteer Fire Company 6.250 10/15/2017 1,086,747 - ------------------------------------------------------------------------------------------------------------------------------------ 900,000 Bleeker Terrace HDC 8.750 07/01/2007 905,904 - ------------------------------------------------------------------------------------------------------------------------------------ 580,000 Brookhaven IDA (Brookhaven Memorial Hospital) 8.250 11/15/2030 633,047 - ------------------------------------------------------------------------------------------------------------------------------------ 6,445,000 Brookhaven IDA (Dowling College) 6.750 03/01/2023 6,448,931 - ------------------------------------------------------------------------------------------------------------------------------------ 1,250,000 Brookhaven IDA (St. Joseph's College) 6.000 12/01/2020 1,290,988 - ------------------------------------------------------------------------------------------------------------------------------------ 2,425,000 Brookhaven IDA (Stony Brook Foundation) 6.500 11/01/2020 2,524,716 - ------------------------------------------------------------------------------------------------------------------------------------ 65,000 Broome County IDA (University Plaza) 5.000 08/01/2025 66,036 - ------------------------------------------------------------------------------------------------------------------------------------ 3,030,000 Broome County IDA (University Plaza) 5.000 08/01/2036 3,067,905 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Broome County IDA (University Plaza) 5.100 08/01/2030 1,018,210 - ------------------------------------------------------------------------------------------------------------------------------------ 1,250,000 Broome County IDA (University Plaza) 5.100 08/01/2036 1,276,200 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Broome County IDA (University Plaza) 5.200 08/01/2030 3,079,980 - ------------------------------------------------------------------------------------------------------------------------------------ 4,450,000 Broome County IDA (University Plaza) 5.200 08/01/2036 4,545,319 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Bushnell Basin Fire Assoc. (Volunteer Fire Dept.) 5.750 11/01/2030 3,016,110 - ------------------------------------------------------------------------------------------------------------------------------------ 915,000 Canton Human Services Initiatives 5.700 09/01/2024 972,700 - ------------------------------------------------------------------------------------------------------------------------------------ 1,155,000 Canton Human Services Initiatives 5.750 09/01/2032 1,224,589 - ------------------------------------------------------------------------------------------------------------------------------------ 600,000 Capital District Youth Center 6.000 02/01/2017 619,524 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Carnegie Redevel. Corp. 1 7.000 09/01/2021 502,805 - ------------------------------------------------------------------------------------------------------------------------------------
1 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 4,295,000 Cattaraugus County IDA (Olean General Hospital) 5.250% 08/01/2023 $ 4,426,255 - ------------------------------------------------------------------------------------------------------------------------------------ 1,465,000 Cattaraugus County IDA (St. Bonaventure University) 5.450 09/15/2019 1,507,910 - ------------------------------------------------------------------------------------------------------------------------------------ 2,900,000 Chautauqua County IDA (Jamestown Community College) 5.250 08/01/2028 2,981,722 - ------------------------------------------------------------------------------------------------------------------------------------ 640,000 Chautauqua County IDA (Jamestown Devel. Corp.) 7.125 11/01/2008 659,718 - ------------------------------------------------------------------------------------------------------------------------------------ 3,395,000 Chautauqua County IDA (Jamestown Devel. Corp.) 7.125 11/01/2018 3,537,828 - ------------------------------------------------------------------------------------------------------------------------------------ 1,900,000 Chautauqua County IDA (Woman's Christian Assoc. of Jamestown) 6.400 11/15/2029 1,983,543 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2029 2,546,475 - ------------------------------------------------------------------------------------------------------------------------------------ 915,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2029 932,010 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2034 1,014,260 - ------------------------------------------------------------------------------------------------------------------------------------ 1,455,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2034 1,475,748 - ------------------------------------------------------------------------------------------------------------------------------------ 1,245,000 Chemung County IDA (Hathorn Redevel. Company) 4.850 07/01/2023 1,253,578 - ------------------------------------------------------------------------------------------------------------------------------------ 1,515,000 Chemung County IDA (Hathorn Redevel. Company) 5.000 07/01/2033 1,543,088 - ------------------------------------------------------------------------------------------------------------------------------------ 6,160,000 Chemung County IDA (St. Joseph's Hospital) 6.000 01/01/2013 6,009,511 - ------------------------------------------------------------------------------------------------------------------------------------ 6,395,000 Chemung County IDA (St. Joseph's Hospital) 6.350 01/01/2013 6,358,293 - ------------------------------------------------------------------------------------------------------------------------------------ 4,910,000 Chemung County IDA (St. Joseph's Hospital) 6.500 01/01/2019 4,867,479 - ------------------------------------------------------------------------------------------------------------------------------------ 1,700,000 Clifton Springs Hospital & Clinic 7.650 01/01/2012 1,752,275 - ------------------------------------------------------------------------------------------------------------------------------------ 2,905,000 Clifton Springs Hospital & Clinic 8.000 01/01/2020 2,909,067 - ------------------------------------------------------------------------------------------------------------------------------------ 35,000 Cohoes GO 6.200 03/15/2012 36,063 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Cohoes GO 6.200 03/15/2013 25,740 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Cohoes GO 6.250 03/15/2014 25,742 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Cohoes GO 6.250 03/15/2015 25,737 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Cohoes GO 6.250 03/15/2016 25,720 - ------------------------------------------------------------------------------------------------------------------------------------ 1,725,000 Columbia County IDA (Berkshire Farms) 7.500 12/15/2014 1,762,691 - ------------------------------------------------------------------------------------------------------------------------------------ 3,300,000 Corinth IDA (International Paper Company) 5.750 02/01/2022 3,433,782 - ------------------------------------------------------------------------------------------------------------------------------------ 30,000 Corinth IDA (International Paper Company) 5.850 12/01/2020 30,954 - ------------------------------------------------------------------------------------------------------------------------------------ 5,370,000 Cortland County IDA (Cortland Memorial Hospital) 5.250 07/01/2032 5,604,615 - ------------------------------------------------------------------------------------------------------------------------------------ 155,000 Dutchess County IDA (Astor Learning Center Civic Facility) 5.150 11/01/2024 160,231 - ------------------------------------------------------------------------------------------------------------------------------------ 120,000 Dutchess County IDA (Bard College) 5.750 08/01/2030 128,614 - ------------------------------------------------------------------------------------------------------------------------------------ 3,500,000 Dutchess County IDA (Bard College) 7.000 11/01/2017 3,509,520 - ------------------------------------------------------------------------------------------------------------------------------------ 900,000 Dutchess County IDA (St. Francis Hospital) 7.500 03/01/2029 982,710 - ------------------------------------------------------------------------------------------------------------------------------------ 2,310,000 Dutchess County IDA (Vassar Brothers Hospital) 6.500 04/01/2020 2,476,158 - ------------------------------------------------------------------------------------------------------------------------------------ 5,635,000 Dutchess County IDA (Vassar Brothers Hospital) 6.500 04/01/2030 6,020,772 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Dutchess County IDA (Vassar College) 5.350 09/01/2040 26,364 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Dutchess County Water & Wastewater Authority 5.400 2 06/01/2027 378,740 - ------------------------------------------------------------------------------------------------------------------------------------ 3,315,000 East Rochester Hsg. Authority (Episcopal Senior Hsg.) 7.750 10/01/2032 3,511,613 - ------------------------------------------------------------------------------------------------------------------------------------ 1,355,000 East Rochester Hsg. Authority (Gates Senior Hsg.) 6.125 04/20/2043 1,490,446 - ------------------------------------------------------------------------------------------------------------------------------------ 1,400,000 East Rochester Hsg. Authority (Genesee Valley Nursing Home) 5.200 12/20/2024 1,470,028 - ------------------------------------------------------------------------------------------------------------------------------------ 2,570,000 East Rochester Hsg. Authority (Jefferson Park Apartments) 6.750 03/01/2030 2,437,362 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 East Rochester Hsg. Authority (Linden Knoll) 5.350 02/01/2038 2,023,800 - ------------------------------------------------------------------------------------------------------------------------------------ 4,095,000 East Rochester Hsg. Authority (St. John's Meadows) 5.950 08/01/2027 4,241,028 - ------------------------------------------------------------------------------------------------------------------------------------ 365,000 Erie County IDA (Air Cargo) 8.250 10/01/2007 365,657 - ------------------------------------------------------------------------------------------------------------------------------------
2 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 2,380,000 Erie County IDA (Air Cargo) 8.500% 10/01/2015 $ 2,387,021 - ------------------------------------------------------------------------------------------------------------------------------------ 4,000,000 Erie County IDA (Charter School Applied Tech) 6.750 06/01/2025 3,880,480 - ------------------------------------------------------------------------------------------------------------------------------------ 7,000,000 Erie County IDA (Charter School Applied Tech) 6.875 06/01/2035 6,735,540 - ------------------------------------------------------------------------------------------------------------------------------------ 1,860,000 Erie County IDA (DePaul Properties) 5.750 09/01/2028 1,529,980 - ------------------------------------------------------------------------------------------------------------------------------------ 2,915,000 Erie County IDA (DePaul Properties) 6.500 09/01/2018 2,752,547 - ------------------------------------------------------------------------------------------------------------------------------------ 35,000,000 Erie County IDA (Great Lakes) 7.500 12/01/2025 34,752,900 - ------------------------------------------------------------------------------------------------------------------------------------ 11,310,000 Erie County IDA (Medaille College) 7.625 04/01/2035 12,010,994 - ------------------------------------------------------------------------------------------------------------------------------------ 3,515,000 Erie County IDA (Medaille College) 8.250 11/01/2026 3,765,233 - ------------------------------------------------------------------------------------------------------------------------------------ 75,000 Erie County IDA (The Episcopal Church Home) 5.875 02/01/2018 77,400 - ------------------------------------------------------------------------------------------------------------------------------------ 9,600,000 Erie County IDA (The Episcopal Church Home) 6.000 02/01/2028 9,920,256 - ------------------------------------------------------------------------------------------------------------------------------------ 3,170,000 Erie County Sewer District 5.000 06/01/2029 3,314,457 - ------------------------------------------------------------------------------------------------------------------------------------ 2,630,000 Erie County Sewer District 5.000 12/01/2030 2,747,745 - ------------------------------------------------------------------------------------------------------------------------------------ 1,360,000 Erie County Sewer District 5.000 12/01/2035 1,415,447 - ------------------------------------------------------------------------------------------------------------------------------------ 18,610,000 Erie County Tobacco Asset Securitization Corp. 5.000 06/01/2038 17,875,836 - ------------------------------------------------------------------------------------------------------------------------------------ 2,700,000 Erie County Tobacco Asset Securitization Corp. 5.000 06/01/2045 2,568,807 - ------------------------------------------------------------------------------------------------------------------------------------ 54,000,000 Erie County Tobacco Asset Securitization Corp. 5.880 2 06/01/2047 4,596,480 - ------------------------------------------------------------------------------------------------------------------------------------ 80,000,000 Erie County Tobacco Asset Securitization Corp. 6.380 2 06/01/2050 5,004,800 - ------------------------------------------------------------------------------------------------------------------------------------ 180,000,000 Erie County Tobacco Asset Securitization Corp. 6.750 2 06/01/2055 6,998,400 - ------------------------------------------------------------------------------------------------------------------------------------ 1,024,000,000 Erie County Tobacco Asset Securitization Corp. 7.650 2 06/01/2060 18,616,320 - ------------------------------------------------------------------------------------------------------------------------------------ 3,340,000 Erie County Tobacco Asset Securitization Corp. RITES 5.576 3 06/01/2038 3,076,507 - ------------------------------------------------------------------------------------------------------------------------------------ 9,305,000 Erie County Tobacco Asset Securitization Corp. RITES 5.576 3 06/01/2038 8,570,929 - ------------------------------------------------------------------------------------------------------------------------------------ 21,250,000 Erie County Tobacco Asset Securitization Corp. RITES 5.576 3 06/01/2045 19,184,925 - ------------------------------------------------------------------------------------------------------------------------------------ 14,940,000 Erie County Tobacco Asset Securitization Corp. RITES 5.576 3 06/01/2045 13,488,131 - ------------------------------------------------------------------------------------------------------------------------------------ 2,300,000 Essex County IDA (International Paper Company) 4 6.450 11/15/2023 2,454,215 - ------------------------------------------------------------------------------------------------------------------------------------ 45,000 Essex County IDA (Moses Ludington Nursing Home) 6.200 02/01/2030 49,032 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Essex County IDA (Moses Ludington Nursing Home) 6.375 02/01/2050 5,452,800 - ------------------------------------------------------------------------------------------------------------------------------------ 115,000 Essex County IDA (Moses Ludington Nursing Home) 9.000 02/01/2008 117,509 - ------------------------------------------------------------------------------------------------------------------------------------ 975,000 Essex County IDA (North Country Community College Foundation) 5.000 06/01/2020 964,694 - ------------------------------------------------------------------------------------------------------------------------------------ 320,000 Essex County IDA (North Country Community College Foundation) 5.000 06/01/2020 316,618 - ------------------------------------------------------------------------------------------------------------------------------------ 1,235,000 Essex County IDA (North Country Community College Foundation) 5.200 06/01/2025 1,236,247 - ------------------------------------------------------------------------------------------------------------------------------------ 410,000 Essex County IDA (North Country Community College Foundation) 5.200 06/01/2025 410,414 - ------------------------------------------------------------------------------------------------------------------------------------ 1,100,000 Essex County IDA (North Country Community College Foundation) 5.300 06/01/2035 1,102,211 - ------------------------------------------------------------------------------------------------------------------------------------ 3,750,000 Essex County IDA Solid Waste Disposal (International Paper Company) 4 5.200 12/01/2023 3,762,450 - ------------------------------------------------------------------------------------------------------------------------------------ 4,440,000 Essex County IDA Solid Waste Disposal (International Paper Company) 5.200 03/01/2028 4,419,665 - ------------------------------------------------------------------------------------------------------------------------------------ 1,850,000 Essex County IDA Solid Waste Disposal (International Paper Company) 4 5.500 08/15/2022 1,882,912 - ------------------------------------------------------------------------------------------------------------------------------------ 1,625,000 Essex County IDA Solid Waste Disposal (International Paper Company) 4 5.500 10/01/2026 1,653,210 - ------------------------------------------------------------------------------------------------------------------------------------ 5,680,000 Franklin County IDA (Adirondack Medical Center) 5.500 12/01/2029 5,980,983 - ------------------------------------------------------------------------------------------------------------------------------------
3 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 900,000 Franklin County IDA (North Country Community College Foundation) 5.200% 06/01/2025 $ 900,909 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 Freeport Union Free School District 5.250 03/15/2032 53,566 - ------------------------------------------------------------------------------------------------------------------------------------ 320,000 Glen Cove IDA (SLCD) 6.875 07/01/2008 322,032 - ------------------------------------------------------------------------------------------------------------------------------------ 3,775,000 Glen Cove IDA (SLCD) 7.375 07/01/2023 3,928,605 - ------------------------------------------------------------------------------------------------------------------------------------ 1,315,000 Green Island Power Authority 5.125 12/15/2024 1,326,664 - ------------------------------------------------------------------------------------------------------------------------------------ 2,795,000 Green Island Power Authority 6.000 12/15/2020 2,927,204 - ------------------------------------------------------------------------------------------------------------------------------------ 1,695,000 Green Island Power Authority 6.000 12/15/2025 1,761,563 - ------------------------------------------------------------------------------------------------------------------------------------ 840,000 Hempstead GO 5.000 07/01/2020 853,558 - ------------------------------------------------------------------------------------------------------------------------------------ 1,025,000 Hempstead GO 5.000 07/01/2021 1,039,453 - ------------------------------------------------------------------------------------------------------------------------------------ 1,270,000 Hempstead GO 5.000 07/01/2022 1,286,612 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 Hempstead IDA (Adelphi University) 5.500 06/01/2032 2,664,325 - ------------------------------------------------------------------------------------------------------------------------------------ 310,000 Hempstead IDA (Dentaco Corp.) 7.250 11/01/2012 331,774 - ------------------------------------------------------------------------------------------------------------------------------------ 1,270,000 Hempstead IDA (Dentaco Corp.) 8.250 11/01/2025 1,380,211 - ------------------------------------------------------------------------------------------------------------------------------------ 3,550,000 Hempstead IDA (Engel Burman Senior Hsg.) 6.250 11/01/2010 3,584,968 - ------------------------------------------------------------------------------------------------------------------------------------ 18,825,000 Hempstead IDA (Engel Burman Senior Hsg.) 6.750 11/01/2024 19,354,736 - ------------------------------------------------------------------------------------------------------------------------------------ 1,875,000 Hempstead IDA (Franklin Hospital Medical Center) 5.750 11/01/2008 1,862,063 - ------------------------------------------------------------------------------------------------------------------------------------ 9,375,000 Hempstead IDA (Franklin Hospital Medical Center) 6.375 11/01/2018 9,164,625 - ------------------------------------------------------------------------------------------------------------------------------------ 9,285,000 Hempstead IDA (Franklin Hospital Medical Center) 7.750 11/01/2022 9,910,902 - ------------------------------------------------------------------------------------------------------------------------------------ 2,495,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 2,543,278 - ------------------------------------------------------------------------------------------------------------------------------------ 5,690,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 5,690,910 - ------------------------------------------------------------------------------------------------------------------------------------ 4,760,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 4,852,106 - ------------------------------------------------------------------------------------------------------------------------------------ 12,505,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 12,746,972 - ------------------------------------------------------------------------------------------------------------------------------------ 6,355,000 Hempstead IDA (South Shore Y JCC) 6.750 11/01/2024 6,435,264 - ------------------------------------------------------------------------------------------------------------------------------------ 6,270,000 Herkimer County IDA (Burrows Paper) 8.000 01/01/2009 6,222,850 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Herkimer County IDA (Folts Adult Home) 5.500 03/20/2040 3,289,260 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Herkimer County IDA (Herkimer County College Foundation) 6.250 08/01/2034 1,049,900 - ------------------------------------------------------------------------------------------------------------------------------------ 1,285,000 Herkimer County IDA (Herkimer County College Foundation) 6.400 11/01/2020 1,357,872 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 Herkimer County IDA (Herkimer County College Foundation) 6.500 11/01/2030 2,104,040 - ------------------------------------------------------------------------------------------------------------------------------------ 250,000 Herkimer Hsg. Authority 7.150 03/01/2011 252,818 - ------------------------------------------------------------------------------------------------------------------------------------ 990,000 Hudson IDA (Have, Inc.) 8.125 12/01/2017 998,771 - ------------------------------------------------------------------------------------------------------------------------------------ 1,255,000 Hudson IDA (Hudson Fabrics) 6.750 11/01/2024 1,280,564 - ------------------------------------------------------------------------------------------------------------------------------------ 145,000 Huntington Hsg. Authority (GJSR) 5.875 05/01/2019 147,118 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Huntington Hsg. Authority (GJSR) 6.000 05/01/2029 1,012,010 - ------------------------------------------------------------------------------------------------------------------------------------ 8,500,000 Huntington Hsg. Authority (GJSR) 6.000 05/01/2039 8,585,680 - ------------------------------------------------------------------------------------------------------------------------------------ 820,000 Islip IDA (Leeway School) 9.000 08/01/2021 829,586 - ------------------------------------------------------------------------------------------------------------------------------------ 18,545,000 Islip IDA (Southside Hospital Civic Facilities) 7.750 12/01/2022 19,568,869 - ------------------------------------------------------------------------------------------------------------------------------------ 1,315,000 Islip Res Rec, Series E 5.750 07/01/2021 1,442,450 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Islip Res Rec, Series E 5.750 07/01/2023 1,096,190 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Kenmore Hsg. Authority (SUNY at Buffalo) 5.500 08/01/2024 3,159,210 - ------------------------------------------------------------------------------------------------------------------------------------ 3,750,000 L.I. Power Authority RITES 9.089 3 12/01/2026 4,417,050 - ------------------------------------------------------------------------------------------------------------------------------------ 2,915,000 L.I. Power Authority RITES 9.175 3 09/01/2028 3,593,087 - ------------------------------------------------------------------------------------------------------------------------------------ 260,000 L.I. Power Authority, Series A 5.000 09/01/2027 267,498 - ------------------------------------------------------------------------------------------------------------------------------------ 115,620,000 L.I. Power Authority, Series A 5.125 12/01/2022 120,033,215 - ------------------------------------------------------------------------------------------------------------------------------------ 24,130,000 L.I. Power Authority, Series A 5.125 09/01/2029 24,782,717 - ------------------------------------------------------------------------------------------------------------------------------------ 60,000 L.I. Power Authority, Series A 5.125 09/01/2029 62,780 - ------------------------------------------------------------------------------------------------------------------------------------ 44,530,000 L.I. Power Authority, Series A 5.375 09/01/2025 47,139,458 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 L.I. Power Authority, Series B 5.000 12/01/2035 5,166,800 - ------------------------------------------------------------------------------------------------------------------------------------
4 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 86,300,000 L.I. Power Authority, Series L 5.375% 05/01/2033 $ 91,076,705 - ------------------------------------------------------------------------------------------------------------------------------------ 100,000 Lowville GO 7.200 09/15/2012 117,952 - ------------------------------------------------------------------------------------------------------------------------------------ 100,000 Lowville GO 7.200 09/15/2013 119,660 - ------------------------------------------------------------------------------------------------------------------------------------ 100,000 Lowville GO 7.200 09/15/2014 121,673 - ------------------------------------------------------------------------------------------------------------------------------------ 3,830,000 Lyons Community Health Initiatives Corp. 5.550 09/01/2024 4,049,497 - ------------------------------------------------------------------------------------------------------------------------------------ 4,360,000 Macleay Hsg. Corp. (Larchmont Woods) 8.500 01/01/2031 4,399,371 - ------------------------------------------------------------------------------------------------------------------------------------ 750,000 Madison County IDA (Morrisville State College Foundation) 5.000 06/01/2028 782,460 - ------------------------------------------------------------------------------------------------------------------------------------ 1,100,000 Madison County IDA (Morrisville State College Foundation) 5.000 06/01/2032 1,143,956 - ------------------------------------------------------------------------------------------------------------------------------------ 1,290,000 Madison County IDA (Oneida Healthcare Center) 5.300 02/01/2021 1,352,900 - ------------------------------------------------------------------------------------------------------------------------------------ 5,500,000 Madison County IDA (Oneida Healthcare Center) 5.350 02/01/2031 5,749,205 - ------------------------------------------------------------------------------------------------------------------------------------ 30,000 Middleton IDA (Flanagan Design & Display) 7.000 11/01/2006 30,250 - ------------------------------------------------------------------------------------------------------------------------------------ 690,000 Middleton IDA (Flanagan Design & Display) 7.500 11/01/2018 724,548 - ------------------------------------------------------------------------------------------------------------------------------------ 3,955,000 Middletown IDA (Southwinds Retirement Home) 6.375 03/01/2018 3,940,050 - ------------------------------------------------------------------------------------------------------------------------------------ 310,000 Middletown IDA (YMCA) 6.250 11/01/2009 300,712 - ------------------------------------------------------------------------------------------------------------------------------------ 1,255,000 Middletown IDA (YMCA) 7.000 11/01/2019 1,162,569 - ------------------------------------------------------------------------------------------------------------------------------------ 230,000 Monroe County COP 8.050 01/01/2011 236,431 - ------------------------------------------------------------------------------------------------------------------------------------ 715,000 Monroe County IDA (Canal Ponds) 7.000 06/15/2013 755,398 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 Monroe County IDA (Cloverwood Senior Living) 6.750 05/01/2023 40,593 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Monroe County IDA (Cloverwood Senior Living) 6.875 05/01/2033 810,240 - ------------------------------------------------------------------------------------------------------------------------------------ 1,149,883 Monroe County IDA (Cottrone Devel.) 9.500 12/01/2010 1,169,431 - ------------------------------------------------------------------------------------------------------------------------------------ 950,000 Monroe County IDA (Dayton Rogers Manufacturing) 6.100 12/01/2009 925,623 - ------------------------------------------------------------------------------------------------------------------------------------ 4,325,000 Monroe County IDA (DePaul Community Facilities) 5.875 02/01/2028 3,587,242 - ------------------------------------------------------------------------------------------------------------------------------------ 5,435,000 Monroe County IDA (DePaul Community Facilities) 5.950 08/01/2028 4,553,660 - ------------------------------------------------------------------------------------------------------------------------------------ 805,000 Monroe County IDA (DePaul Community Facilities) 6.450 02/01/2014 811,883 - ------------------------------------------------------------------------------------------------------------------------------------ 1,285,000 Monroe County IDA (DePaul Community Facilities) 6.500 02/01/2024 1,295,498 - ------------------------------------------------------------------------------------------------------------------------------------ 4,485,000 Monroe County IDA (DePaul Properties) 6.150 09/01/2021 4,153,289 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Monroe County IDA (Highland Hospital of Rochester) 5.000 08/01/2022 1,012,960 - ------------------------------------------------------------------------------------------------------------------------------------ 1,250,000 Monroe County IDA (Highland Hospital of Rochester) 5.000 08/01/2025 1,254,075 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Monroe County IDA (Jewish Home of Rochester Senior Hsg.) 6.875 04/01/2017 1,029,190 - ------------------------------------------------------------------------------------------------------------------------------------ 5,005,000 Monroe County IDA (Jewish Home of Rochester Senior Hsg.) 6.875 04/01/2027 5,137,382 - ------------------------------------------------------------------------------------------------------------------------------------ 100,000 Monroe County IDA (Machine Tool Research) 7.750 12/01/2006 102,208 - ------------------------------------------------------------------------------------------------------------------------------------ 300,000 Monroe County IDA (Machine Tool Research) 8.500 12/01/2013 316,725 - ------------------------------------------------------------------------------------------------------------------------------------ 685,000 Monroe County IDA (Melles Griot) 9.500 12/01/2009 688,726 - ------------------------------------------------------------------------------------------------------------------------------------ 597,000 Monroe County IDA (Morrell/Morrell) 7.000 12/01/2007 597,197 - ------------------------------------------------------------------------------------------------------------------------------------ 2,525,000 Monroe County IDA (Parma Senior Hsg. Assoc.) 6.500 12/01/2042 2,522,955 - ------------------------------------------------------------------------------------------------------------------------------------ 4,330,000 Monroe County IDA (Piano Works) 7.625 11/01/2016 4,449,984 - ------------------------------------------------------------------------------------------------------------------------------------ 2,890,000 Monroe County IDA (Rochester Institute of Technology) 5.375 04/01/2029 2,833,934 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Monroe County IDA (Southview Towers) 6.125 02/01/2020 1,075,780 - ------------------------------------------------------------------------------------------------------------------------------------ 1,465,000 Monroe County IDA (St. John Fisher College) 5.200 06/01/2019 1,536,009 - ------------------------------------------------------------------------------------------------------------------------------------ 2,190,000 Monroe County IDA (St. John Fisher College) 5.250 06/01/2026 2,298,427 - ------------------------------------------------------------------------------------------------------------------------------------ 3,075,000 Monroe County IDA (St. John Fisher College) 5.375 06/01/2024 3,217,065 - ------------------------------------------------------------------------------------------------------------------------------------ 965,000 Monroe County IDA (Volunteers of America) 5.700 08/01/2018 976,715 - ------------------------------------------------------------------------------------------------------------------------------------ 2,720,000 Monroe County IDA (Volunteers of America) 5.750 08/01/2028 2,682,083 - ------------------------------------------------------------------------------------------------------------------------------------ 12,000,000 Monroe County IDA (Woodlawn Village) 8.550 11/15/2032 13,582,080 - ------------------------------------------------------------------------------------------------------------------------------------
5 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 650,000,000 Monroe County Tobacco Asset Securitization Corp. ( TASC) 7.700% 2 06/01/2061 $ 10,738,000 - ------------------------------------------------------------------------------------------------------------------------------------ 2,165,000 Monroe Newpower Corp. 5.500 01/01/2034 2,261,840 - ------------------------------------------------------------------------------------------------------------------------------------ 580,000 Monroe Newpower Corp. 5.625 01/01/2026 610,850 - ------------------------------------------------------------------------------------------------------------------------------------ 5,860,000 Montgomery County IDA (ASMF) 1,5 7.250 01/15/2019 3,112,305 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Mount Vernon IDA (Kings Court) 5.200 12/01/2033 503,630 - ------------------------------------------------------------------------------------------------------------------------------------ 3,275,000 Mount Vernon IDA (Macedonia Towers) 5.200 12/01/2033 3,298,777 - ------------------------------------------------------------------------------------------------------------------------------------ 2,295,000 Mount Vernon IDA (Meadowview) 6.150 06/01/2019 2,359,008 - ------------------------------------------------------------------------------------------------------------------------------------ 2,600,000 Mount Vernon IDA (Meadowview) 6.200 06/01/2029 2,657,564 - ------------------------------------------------------------------------------------------------------------------------------------ 2,100,000 MTA DRIVERS 7.549 3 05/15/2013 1,883,196 - ------------------------------------------------------------------------------------------------------------------------------------ 14,200,000 MTA RITES 8.089 3 11/15/2025 16,431,388 - ------------------------------------------------------------------------------------------------------------------------------------ 1,910,000 MTA RITES 8.089 3 11/15/2028 2,168,308 - ------------------------------------------------------------------------------------------------------------------------------------ 10,000,000 MTA RITES 8.089 3 11/15/2030 11,487,000 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 MTA RITES 8.089 3 11/15/2030 5,743,500 - ------------------------------------------------------------------------------------------------------------------------------------ 2,890,000 MTA RITES 8.089 3 11/15/2030 3,319,743 - ------------------------------------------------------------------------------------------------------------------------------------ 7,500,000 MTA RITES 8.089 3 11/15/2031 8,462,100 - ------------------------------------------------------------------------------------------------------------------------------------ 2,125,000 MTA RITES 8.089 3 11/15/2032 2,392,665 - ------------------------------------------------------------------------------------------------------------------------------------ 2,220,000 MTA Service Contract RITES 8.589 3 01/01/2024 2,669,284 - ------------------------------------------------------------------------------------------------------------------------------------ 15,895,000 MTA Service Contract, Series A 5.125 01/01/2024 16,699,287 - ------------------------------------------------------------------------------------------------------------------------------------ 132,950,000 MTA Service Contract, Series A 5.125 01/01/2029 139,222,581 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000,000 MTA Service Contract, Series A 5.750 07/01/2031 21,911,400 - ------------------------------------------------------------------------------------------------------------------------------------ 33,275,000 MTA Service Contract, Series B 5.250 01/01/2031 34,775,703 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 MTA, Series A 5.000 11/15/2032 20,697 - ------------------------------------------------------------------------------------------------------------------------------------ 42,295,000 MTA, Series A 5.125 11/15/2031 44,292,593 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 MTA, Series B 5.000 01/01/2031 25,762 - ------------------------------------------------------------------------------------------------------------------------------------ 53,400,000 MTA, Series B 5.000 11/15/2031 55,063,944 - ------------------------------------------------------------------------------------------------------------------------------------ 20,080,000 MTA, Series B 5.250 11/15/2032 21,140,826 - ------------------------------------------------------------------------------------------------------------------------------------ 34,770,000 MTA, Series E 5.250 11/15/2031 36,358,641 - ------------------------------------------------------------------------------------------------------------------------------------ 23,500,000 MTA, Series F 5.000 11/15/2030 24,234,140 - ------------------------------------------------------------------------------------------------------------------------------------ 120,175,000 MTA, Series F 5.000 11/15/2035 123,637,242 - ------------------------------------------------------------------------------------------------------------------------------------ 802,824 Municipal Assistance Corp. for Troy, NY 5.730 2 07/15/2021 410,669 - ------------------------------------------------------------------------------------------------------------------------------------ 1,218,573 Municipal Assistance Corp. for Troy, NY 5.740 2 01/15/2022 609,908 - ------------------------------------------------------------------------------------------------------------------------------------ 1,090,000 Nassau County IDA (ALIA-ACDS) 7.500 06/01/2015 1,183,108 - ------------------------------------------------------------------------------------------------------------------------------------ 2,975,000 Nassau County IDA (ALIA-ACLD) 6.250 09/01/2022 3,064,964 - ------------------------------------------------------------------------------------------------------------------------------------ 240,000 Nassau County IDA (ALIA-ACLD) 7.125 06/01/2017 257,611 - ------------------------------------------------------------------------------------------------------------------------------------ 375,000 Nassau County IDA (ALIA-ACLD) 7.500 06/01/2015 407,033 - ------------------------------------------------------------------------------------------------------------------------------------ 5,830,000 Nassau County IDA (ALIA-CSMR) 7.000 11/01/2016 6,270,748 - ------------------------------------------------------------------------------------------------------------------------------------ 3,520,000 Nassau County IDA (ALIA-CSMR) 7.125 06/01/2017 3,782,099 - ------------------------------------------------------------------------------------------------------------------------------------ 1,870,000 Nassau County IDA (ALIA-CSMR) 7.500 06/01/2015 2,029,735 - ------------------------------------------------------------------------------------------------------------------------------------ 330,000 Nassau County IDA (ALIA-FREE) 7.125 06/01/2012 357,605 - ------------------------------------------------------------------------------------------------------------------------------------ 2,310,000 Nassau County IDA (ALIA-FREE) 7.500 06/01/2015 2,507,320 - ------------------------------------------------------------------------------------------------------------------------------------ 4,030,000 Nassau County IDA (ALIA-FREE) 8.150 06/01/2030 4,337,086 - ------------------------------------------------------------------------------------------------------------------------------------ 6,485,000 Nassau County IDA (ALIA-FREE) 8.250 06/01/2032 6,935,254 - ------------------------------------------------------------------------------------------------------------------------------------ 945,000 Nassau County IDA (ALIA-HH) 7.125 06/01/2017 1,015,365 - ------------------------------------------------------------------------------------------------------------------------------------ 725,000 Nassau County IDA (ALIA-HHS) 7.125 06/01/2017 778,984 - ------------------------------------------------------------------------------------------------------------------------------------ 240,000 Nassau County IDA (ALIA-LVH) 7.500 06/01/2015 260,501 - ------------------------------------------------------------------------------------------------------------------------------------ 565,000 Nassau County IDA (CNGCS) 7.500 06/01/2030 613,262 - ------------------------------------------------------------------------------------------------------------------------------------ 2,245,000 Nassau County IDA (CNGCS) 8.150 06/01/2030 2,430,078 - ------------------------------------------------------------------------------------------------------------------------------------ 5,240,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 5,417,688 - ------------------------------------------------------------------------------------------------------------------------------------
6 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 3,410,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750% 05/01/2047 $ 3,525,633 - ------------------------------------------------------------------------------------------------------------------------------------ 5,875,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 6,074,221 - ------------------------------------------------------------------------------------------------------------------------------------ 6,450,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 6,668,720 - ------------------------------------------------------------------------------------------------------------------------------------ 9,155,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 9,465,446 - ------------------------------------------------------------------------------------------------------------------------------------ 3,860,000 Nassau County IDA (Little Village School) 7.500 12/01/2031 4,099,899 - ------------------------------------------------------------------------------------------------------------------------------------ 3,535,000 Nassau County IDA (New York Water Service Corp.) 5.000 12/01/2035 3,631,612 - ------------------------------------------------------------------------------------------------------------------------------------ 2,290,000 Nassau County IDA (North Shore CFGA) 6.750 05/01/2024 2,317,938 - ------------------------------------------------------------------------------------------------------------------------------------ 2,759,599 Nassau County IDA (Sharp International) 1,5 7.375 12/01/2007 276 - ------------------------------------------------------------------------------------------------------------------------------------ 1,752,588 Nassau County IDA (Sharp International) 1,5 7.375 12/01/2007 175 - ------------------------------------------------------------------------------------------------------------------------------------ 2,527,212 Nassau County IDA (Sharp International) 1,5 7.875 12/01/2012 253 - ------------------------------------------------------------------------------------------------------------------------------------ 1,597,663 Nassau County IDA (Sharp International) 1,5 7.875 12/01/2012 160 - ------------------------------------------------------------------------------------------------------------------------------------ 2,050,000 Nassau County IDA (United Cerebral Palsy) 6.250 11/01/2014 2,058,405 - ------------------------------------------------------------------------------------------------------------------------------------ 24,125,000 Nassau County IDA (Westbury Senior Living) 7.900 11/01/2031 24,274,816 - ------------------------------------------------------------------------------------------------------------------------------------ 4,375,000 Nassau County Interim Finance Authority RITES 8.682 3 11/15/2021 4,724,563 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000,000 Nassau County Tobacco Settlement Corp. RITES 6 6.125 3 06/01/2046 18,870,400 - ------------------------------------------------------------------------------------------------------------------------------------ 30,000,000 Nassau County Tobacco Settlement Corp. 5.125 06/01/2046 29,152,800 - ------------------------------------------------------------------------------------------------------------------------------------ 85,990,000 Nassau County Tobacco Settlement Corp. 5.800 2 06/01/2046 8,663,493 - ------------------------------------------------------------------------------------------------------------------------------------ 75,975,000 Nassau County Tobacco Settlement Corp. 6.000 2 06/01/2046 7,080,110 - ------------------------------------------------------------------------------------------------------------------------------------ 35,460,000 Nassau County Tobacco Settlement Corp. 6.400 07/15/2033 38,670,903 - ------------------------------------------------------------------------------------------------------------------------------------ 930,215,000 Nassau County Tobacco Settlement Corp. 6.400 2 06/01/2060 30,706,397 - ------------------------------------------------------------------------------------------------------------------------------------ 21,070,000 Nassau County Tobacco Settlement Corp. 6.500 07/15/2027 23,042,363 - ------------------------------------------------------------------------------------------------------------------------------------ 35,180,000 Nassau County Tobacco Settlement Corp. 6.600 07/15/2039 38,581,202 - ------------------------------------------------------------------------------------------------------------------------------------ 40,000,000 Nassau County Tobacco Settlement Corp. 7.350 2 06/01/2060 802,800 - ------------------------------------------------------------------------------------------------------------------------------------ 7,155,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 7,551,959 - ------------------------------------------------------------------------------------------------------------------------------------ 3,340,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 3,349,051 - ------------------------------------------------------------------------------------------------------------------------------------ 4,290,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 4,301,626 - ------------------------------------------------------------------------------------------------------------------------------------ 6,195,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 6,247,162 - ------------------------------------------------------------------------------------------------------------------------------------ 4,775,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 4,787,940 - ------------------------------------------------------------------------------------------------------------------------------------ 4,775,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 4,810,526 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 New Hartford-Sunset Wood Funding Corp. 5.500 02/01/2029 2,087,000 - ------------------------------------------------------------------------------------------------------------------------------------ 13,010,000 New Rochelle IDA (College of New Rochelle) 5.250 07/01/2027 13,420,986 - ------------------------------------------------------------------------------------------------------------------------------------ 6,500,000 New Rochelle IDA (College of New Rochelle) 5.500 07/01/2019 6,808,165 - ------------------------------------------------------------------------------------------------------------------------------------ 3,670,000 New Rochelle IDA (Soundview Apartments) 5.375 04/01/2036 3,777,348 - ------------------------------------------------------------------------------------------------------------------------------------ 4,800,000 Newark-Wayne Community Hospital 5.875 01/15/2033 4,807,872 - ------------------------------------------------------------------------------------------------------------------------------------ 2,360,000 Newark-Wayne Community Hospital 7.600 09/01/2015 2,359,882 - ------------------------------------------------------------------------------------------------------------------------------------ 3,300,000 Niagara County IDA (American Ref-Fuel Company) 5.550 11/15/2024 3,446,388 - ------------------------------------------------------------------------------------------------------------------------------------ 1,500,000 Niagara County IDA (Niagara University) 5.350 11/01/2023 1,602,765 - ------------------------------------------------------------------------------------------------------------------------------------ 5,400,000 Niagara County IDA (Niagara University) 5.400 11/01/2031 5,640,570 - ------------------------------------------------------------------------------------------------------------------------------------ 1,200,000 Niagara County IDA (Sevenson Hotel) 6.600 05/01/2007 1,202,028 - ------------------------------------------------------------------------------------------------------------------------------------ 6,500,000 Niagara County IDA (Solid Waste Disposal) 5.625 11/15/2024 6,830,850 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 Niagara County Tobacco Asset Securitization Corp. 5.750 05/15/2022 20,751 - ------------------------------------------------------------------------------------------------------------------------------------ 1,370,000 Niagara County Tobacco Asset Securitization Corp. 6.250 05/15/2034 1,444,432 - ------------------------------------------------------------------------------------------------------------------------------------ 6,255,000 Niagara County Tobacco Asset Securitization Corp. 6.250 05/15/2040 6,594,834 - ------------------------------------------------------------------------------------------------------------------------------------ 90,000 Niagara Frontier Transportation Authority (Buffalo Niagara International Airport) 5.000 04/01/2028 90,730 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Niagara Frontier Transportation Authority (Buffalo Niagara International Airport) 5.625 04/01/2029 26,349 - ------------------------------------------------------------------------------------------------------------------------------------ 715,000 North Babylon Volunteer Fire Company 5.750 08/01/2022 753,996 - ------------------------------------------------------------------------------------------------------------------------------------ 1,555,000 North Country Devel. Authority (Clarkson University) 5.500 07/01/2019 1,615,583 - ------------------------------------------------------------------------------------------------------------------------------------
7 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 3,145,000 North Country Devel, Authority (Clarkson University) 5.500% 07/01/2029 $ 3,260,767 - ------------------------------------------------------------------------------------------------------------------------------------ 260,000 North Tonawanda HDC (Bishop Gibbons Associates) 6.800 12/15/2007 264,186 - ------------------------------------------------------------------------------------------------------------------------------------ 3,295,000 North Tonawanda HDC (Bishop Gibbons Associates) 7.375 12/15/2021 3,635,835 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Nunda GO 8.000 05/01/2010 28,337 - ------------------------------------------------------------------------------------------------------------------------------------ 315,000 NY Counties Tobacco Trust I 6.500 06/01/2035 335,173 - ------------------------------------------------------------------------------------------------------------------------------------ 1,295,000 NY Counties Tobacco Trust I (TASC) Fixed Receipts 6.225 06/01/2028 1,370,900 - ------------------------------------------------------------------------------------------------------------------------------------ 3,880,000 NY Counties Tobacco Trust I (TASC) RITES 7.617 3 06/01/2028 4,562,220 - ------------------------------------------------------------------------------------------------------------------------------------ 2,960,000 NY Counties Tobacco Trust I RITES 7.206 3 06/01/2035 3,339,117 - ------------------------------------------------------------------------------------------------------------------------------------ 9,615,000 NY Counties Tobacco Trust I RITES 7.279 3 06/01/2042 11,010,810 - ------------------------------------------------------------------------------------------------------------------------------------ 14,900,000 NY Counties Tobacco Trust II RITES 7.874 3 06/01/2035 15,503,450 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 NY Counties Tobacco Trust II RITES 8.419 3 06/01/2043 5,385,600 - ------------------------------------------------------------------------------------------------------------------------------------ 12,950,000 NY Counties Tobacco Trust II RITES 8.419 3 06/01/2043 13,948,704 - ------------------------------------------------------------------------------------------------------------------------------------ 245,000 NY Counties Tobacco Trust III 6.000 06/01/2043 258,002 - ------------------------------------------------------------------------------------------------------------------------------------ 7,000,000 NY Counties Tobacco Trust IV 5.000 06/01/2038 6,723,850 - ------------------------------------------------------------------------------------------------------------------------------------ 117,975,000 NY Counties Tobacco Trust IV 5.880 2 06/01/2050 8,685,320 - ------------------------------------------------------------------------------------------------------------------------------------ 279,690,000 NY Counties Tobacco Trust IV 6.370 2 06/01/2055 12,823,787 - ------------------------------------------------------------------------------------------------------------------------------------ 561,950,000 NY Counties Tobacco Trust IV 6.800 2 06/01/2060 15,352,474 - ------------------------------------------------------------------------------------------------------------------------------------ 82,500,000 NY Counties Tobacco Trust IV (TASC) 0.000 06/01/2041 62,855,100 - ------------------------------------------------------------------------------------------------------------------------------------ 82,500,000 NY Counties Tobacco Trust IV (TASC) 6.650 06/01/2041 16,640,250 - ------------------------------------------------------------------------------------------------------------------------------------ 12,300,000 NY Counties Tobacco Trust IV RITES 5.576 3 06/01/2042 11,134,821 - ------------------------------------------------------------------------------------------------------------------------------------ 10,210,000 NY Counties Tobacco Trust IV RITES 5.576 3 06/01/2042 9,242,807 - ------------------------------------------------------------------------------------------------------------------------------------ 5,725,000 NY Counties Tobacco Trust IV RITES 5.576 3 06/01/2045 5,168,645 - ------------------------------------------------------------------------------------------------------------------------------------ 8,700,000 NY Counties Tobacco Trust IV RITES 5.576 3 06/01/2045 7,854,534 - ------------------------------------------------------------------------------------------------------------------------------------ 1,500,000 NY Counties Tobacco Trust IV RITES 5.576 3 06/01/2045 1,354,230 - ------------------------------------------------------------------------------------------------------------------------------------ 158,835,000 NY Counties Tobacco Trust V 6.000 2 06/01/2038 24,492,357 - ------------------------------------------------------------------------------------------------------------------------------------ 398,010,000 NY Counties Tobacco Trust V 6.090 2 06/01/2050 28,796,024 - ------------------------------------------------------------------------------------------------------------------------------------ 643,195,000 NY Counties Tobacco Trust V 6.850 2 06/01/2055 24,499,298 - ------------------------------------------------------------------------------------------------------------------------------------ 3,845,000,000 NY Counties Tobacco Trust V 7.850 2 06/01/2060 64,057,700 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 NYC GO 0.000 7 03/15/2029 21,275 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 NYC GO 5.000 03/15/2021 5,128 - ------------------------------------------------------------------------------------------------------------------------------------ 14,150,000 NYC GO 5.000 08/01/2021 14,815,192 - ------------------------------------------------------------------------------------------------------------------------------------ 9,305,000 NYC GO 5.000 08/01/2024 9,689,669 - ------------------------------------------------------------------------------------------------------------------------------------ 5,650,000 NYC GO 5.000 09/01/2024 5,875,718 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 NYC GO 5.000 03/01/2025 25,743 - ------------------------------------------------------------------------------------------------------------------------------------ 7,500,000 NYC GO 5.000 08/01/2025 7,797,900 - ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 NYC GO 5.000 04/01/2026 8,284,400 - ------------------------------------------------------------------------------------------------------------------------------------ 3,600,000 NYC GO 5.000 08/01/2027 3,725,604 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 NYC GO 5.000 08/01/2028 2,583,225 - ------------------------------------------------------------------------------------------------------------------------------------ 80,000 NYC GO 5.000 08/15/2028 81,330 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC GO 5.000 11/01/2028 1,029,850 - ------------------------------------------------------------------------------------------------------------------------------------ 395,000 NYC GO 5.000 03/15/2029 402,185 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 NYC GO 5.000 03/15/2029 20,479 - ------------------------------------------------------------------------------------------------------------------------------------ 110,000 NYC GO 5.000 10/15/2029 112,880 - ------------------------------------------------------------------------------------------------------------------------------------ 21,760,000 NYC GO 5.000 03/01/2030 22,378,637 - ------------------------------------------------------------------------------------------------------------------------------------ 36,570,000 NYC GO 5.000 06/01/2030 37,626,873 - ------------------------------------------------------------------------------------------------------------------------------------
8 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 23,250,000 NYC GO 5.000% 08/01/2030 $ 23,928,203 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 NYC GO 5.000 08/01/2030 2,060,820 - ------------------------------------------------------------------------------------------------------------------------------------ 60,000 NYC GO 5.000 03/01/2033 61,316 - ------------------------------------------------------------------------------------------------------------------------------------ 55,475,000 NYC GO 5.000 06/01/2033 57,011,658 - ------------------------------------------------------------------------------------------------------------------------------------ 115,000 NYC GO 5.000 10/15/2033 117,716 - ------------------------------------------------------------------------------------------------------------------------------------ 12,455,000 NYC GO 5.000 12/01/2033 12,784,559 - ------------------------------------------------------------------------------------------------------------------------------------ 46,550,000 NYC GO 5.000 11/01/2034 47,746,801 - ------------------------------------------------------------------------------------------------------------------------------------ 30,000,000 NYC GO 4 5.000 03/01/2035 30,791,100 - ------------------------------------------------------------------------------------------------------------------------------------ 26,670,000 NYC GO 5.000 04/01/2035 27,379,689 - ------------------------------------------------------------------------------------------------------------------------------------ 5,400,000 NYC GO 5.000 08/01/2035 5,547,636 - ------------------------------------------------------------------------------------------------------------------------------------ 60,000 NYC GO 5.100 11/01/2019 62,623 - ------------------------------------------------------------------------------------------------------------------------------------ 5,285,000 NYC GO 5.100 08/15/2027 5,489,318 - ------------------------------------------------------------------------------------------------------------------------------------ 3,710,000 NYC GO 5.250 10/15/2021 3,943,433 - ------------------------------------------------------------------------------------------------------------------------------------ 265,000 NYC GO 5.250 08/15/2023 275,285 - ------------------------------------------------------------------------------------------------------------------------------------ 535,000 NYC GO 5.250 08/01/2024 552,371 - ------------------------------------------------------------------------------------------------------------------------------------ 33,485,000 NYC GO 5.250 06/01/2027 35,069,845 - ------------------------------------------------------------------------------------------------------------------------------------ 4,460,000 NYC GO 5.250 06/01/2028 4,691,965 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC GO 5.250 09/15/2033 1,051,890 - ------------------------------------------------------------------------------------------------------------------------------------ 17,705,000 NYC GO 5.375 12/01/2026 18,784,651 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 NYC GO 5.375 03/01/2027 21,231 - ------------------------------------------------------------------------------------------------------------------------------------ 515,000 NYC GO 5.375 08/01/2027 535,585 - ------------------------------------------------------------------------------------------------------------------------------------ 1,115,000 NYC GO 5.375 03/15/2028 1,173,482 - ------------------------------------------------------------------------------------------------------------------------------------ 55,790,000 NYC GO 5.375 06/01/2032 58,773,649 - ------------------------------------------------------------------------------------------------------------------------------------ 11,500,000 NYC GO 5.500 08/01/2020 12,430,695 - ------------------------------------------------------------------------------------------------------------------------------------ 11,860,000 NYC GO 5.500 08/01/2021 12,812,121 - ------------------------------------------------------------------------------------------------------------------------------------ 1,255,000 NYC GO 5.500 06/01/2028 1,333,576 - ------------------------------------------------------------------------------------------------------------------------------------ 4,160,000 NYC GO 5.500 12/01/2031 4,459,187 - ------------------------------------------------------------------------------------------------------------------------------------ 4,675,000 NYC GO 5.500 11/15/2037 4,831,800 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 NYC GO 5.750 02/01/2020 5,082 - ------------------------------------------------------------------------------------------------------------------------------------ 1,500,000 NYC GO 5.750 03/01/2020 1,643,430 - ------------------------------------------------------------------------------------------------------------------------------------ 1,400,000 NYC GO 5.875 08/01/2024 1,431,514 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 NYC GO 5.950 08/01/2014 5,278 - ------------------------------------------------------------------------------------------------------------------------------------ 12,880,000 NYC GO 6.000 01/15/2021 14,336,728 - ------------------------------------------------------------------------------------------------------------------------------------ 40,000 NYC GO 6.150 2 10/01/2012 30,803 - ------------------------------------------------------------------------------------------------------------------------------------ 200,000 NYC GO 6.340 2 05/15/2012 156,514 - ------------------------------------------------------------------------------------------------------------------------------------ 335,000 NYC GO 6.350 05/15/2014 355,053 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 NYC GO 7.000 02/01/2010 20,206 - ------------------------------------------------------------------------------------------------------------------------------------ 15,000 NYC GO 7.250 08/15/2024 15,042 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 NYC GO 7.750 08/15/2028 5,072 - ------------------------------------------------------------------------------------------------------------------------------------ 100,000 NYC GO DIAMONDS 0.000 7 08/01/2025 94,551 - ------------------------------------------------------------------------------------------------------------------------------------ 837,000 NYC GO RIBS 8.700 3 08/12/2010 850,325 - ------------------------------------------------------------------------------------------------------------------------------------ 837,000 NYC GO RIBS 8.700 3 09/01/2011 850,551 - ------------------------------------------------------------------------------------------------------------------------------------ 1,045,000 NYC HDC (Barclay Avenue) 6.450 04/01/2017 1,066,809 - ------------------------------------------------------------------------------------------------------------------------------------ 4,055,000 NYC HDC (Barclay Avenue) 6.600 04/01/2033 4,139,628 - ------------------------------------------------------------------------------------------------------------------------------------ 286,665 NYC HDC (Bay Towers) 6.500 08/15/2017 301,580 - ------------------------------------------------------------------------------------------------------------------------------------ 363,556 NYC HDC (Bridgeview III) 6.500 12/15/2017 382,469 - ------------------------------------------------------------------------------------------------------------------------------------ 1,022,975 NYC HDC (Cadman Towers) 6.500 11/15/2018 1,076,221 - ------------------------------------------------------------------------------------------------------------------------------------ 145,827 NYC HDC (Candia House) 6.500 06/15/2018 153,398 - ------------------------------------------------------------------------------------------------------------------------------------ 241,736 NYC HDC (Contello III) 7.000 12/15/2018 254,367 - ------------------------------------------------------------------------------------------------------------------------------------
9 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 861,336 NYC HDC (Court Plaza) 6.500% 08/15/2017 $ 906,151 - ------------------------------------------------------------------------------------------------------------------------------------ 2,833,169 NYC HDC (East Midtown Plaza) 6.500 11/15/2018 2,980,635 - ------------------------------------------------------------------------------------------------------------------------------------ 65,796 NYC HDC (Essex Terrace) 6.500 07/15/2018 69,212 - ------------------------------------------------------------------------------------------------------------------------------------ 390,332 NYC HDC (Forest Park Crescent) 6.500 12/15/2017 410,582 - ------------------------------------------------------------------------------------------------------------------------------------ 897,874 NYC HDC (Janel Towers) 1 6.500 09/15/2017 897,874 - ------------------------------------------------------------------------------------------------------------------------------------ 314,383 NYC HDC (Kingsbridge Arms) 6.500 08/15/2017 330,741 - ------------------------------------------------------------------------------------------------------------------------------------ 2,290,000 NYC HDC (Multifamily Hsg.) 4.650 11/01/2025 2,304,015 - ------------------------------------------------------------------------------------------------------------------------------------ 6,470,000 NYC HDC (Multifamily Hsg.) 4.750 11/01/2035 6,504,420 - ------------------------------------------------------------------------------------------------------------------------------------ 3,380,000 NYC HDC (Multifamily Hsg.) 4.850 11/01/2025 3,377,735 - ------------------------------------------------------------------------------------------------------------------------------------ 2,685,000 NYC HDC (Multifamily Hsg.) 5.000 11/01/2037 2,706,238 - ------------------------------------------------------------------------------------------------------------------------------------ 3,185,000 NYC HDC (Multifamily Hsg.) 5.050 11/01/2039 3,213,060 - ------------------------------------------------------------------------------------------------------------------------------------ 8,500,000 NYC HDC (Multifamily Hsg.) 5.250 11/01/2030 8,886,665 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 NYC HDC (Multifamily Hsg.), Series A 5.500 11/01/2034 3,086,430 - ------------------------------------------------------------------------------------------------------------------------------------ 10,470,000 NYC HDC (Multifamily Hsg.), Series A 5.600 11/01/2042 10,848,805 - ------------------------------------------------------------------------------------------------------------------------------------ 330,000 NYC HDC (Multifamily Hsg.), Series C 5.700 05/01/2031 340,144 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC HDC (Multifamily Hsg.), Series E 5.200 11/01/2033 1,014,810 - ------------------------------------------------------------------------------------------------------------------------------------ 11,000,000 NYC HDC (Multifamily Hsg.), Series E-1 4 4.950 11/01/2033 11,336,160 - ------------------------------------------------------------------------------------------------------------------------------------ 2,155,000 NYC HDC (Multifamily Hsg.), Series F 5.200 11/01/2032 2,186,916 - ------------------------------------------------------------------------------------------------------------------------------------ 1,345,000 NYC HDC (Multifamily Hsg.), Series H-2 5.200 11/01/2038 1,354,294 - ------------------------------------------------------------------------------------------------------------------------------------ 3,400,000 NYC HDC (Multifamily Hsg.), Series H-2 5.250 05/01/2046 3,415,708 - ------------------------------------------------------------------------------------------------------------------------------------ 15,510,000 NYC HDC (Multifamily Hsg.), Series I-2 5.200 11/01/2038 15,638,578 - ------------------------------------------------------------------------------------------------------------------------------------ 15,000,000 NYC HDC (Progress of Peoples Devel.) 4 4.950 05/15/2036 15,084,750 - ------------------------------------------------------------------------------------------------------------------------------------ 523,824 NYC HDC (Robert Fulton Terrace) 6.500 12/15/2017 551,073 - ------------------------------------------------------------------------------------------------------------------------------------ 195,137 NYC HDC (Rosalie Manning Apartments) 7.034 11/15/2018 205,339 - ------------------------------------------------------------------------------------------------------------------------------------ 709,404 NYC HDC (Seaview Towers) 6.500 01/15/2018 746,236 - ------------------------------------------------------------------------------------------------------------------------------------ 293,669 NYC HDC (St. Martin Tower) 6.500 11/15/2018 308,954 - ------------------------------------------------------------------------------------------------------------------------------------ 1,350,252 NYC HDC (Tivoli Towers) 6.500 01/15/2018 1,419,655 - ------------------------------------------------------------------------------------------------------------------------------------ 183,420 NYC HDC (Town House West) 6.500 01/15/2018 192,829 - ------------------------------------------------------------------------------------------------------------------------------------ 202,378 NYC HDC (Westview Apartments) 6.500 10/15/2017 212,906 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC Health & Hospital Corp. 5.375 02/15/2026 1,032,160 - ------------------------------------------------------------------------------------------------------------------------------------ 5,875,000 NYC Health & Hospital Corp. RITES 8.124 3 02/15/2020 6,791,970 - ------------------------------------------------------------------------------------------------------------------------------------ 1,165,000 NYC IDA (A Very Special Place) 5.750 01/01/2029 1,140,290 - ------------------------------------------------------------------------------------------------------------------------------------ 330,000 NYC IDA (A-Lite Vertical Products) 6.750 11/01/2009 328,928 - ------------------------------------------------------------------------------------------------------------------------------------ 1,330,000 NYC IDA (A-Lite Vertical Products) 7.500 11/01/2019 1,332,487 - ------------------------------------------------------------------------------------------------------------------------------------ 3,600,000 NYC IDA (Acme Architectural Products) 6.375 11/01/2019 3,333,528 - ------------------------------------------------------------------------------------------------------------------------------------ 29,835,000 NYC IDA (Airis JFK I/JFK International Airport) 5.500 07/01/2028 30,238,966 - ------------------------------------------------------------------------------------------------------------------------------------ 20,745,000 NYC IDA (Airis JFK I/JFK International Airport) 6.000 07/01/2027 21,555,922 - ------------------------------------------------------------------------------------------------------------------------------------ 1,035,000 NYC IDA (ALA Realty) 7.500 12/01/2010 1,060,606 - ------------------------------------------------------------------------------------------------------------------------------------ 1,450,000 NYC IDA (ALA Realty) 8.375 12/01/2015 1,494,849 - ------------------------------------------------------------------------------------------------------------------------------------ 305,000 NYC IDA (Allied Metal) 6.375 12/01/2014 309,926 - ------------------------------------------------------------------------------------------------------------------------------------ 940,000 NYC IDA (Allied Metal) 7.125 12/01/2027 964,901 - ------------------------------------------------------------------------------------------------------------------------------------ 3,325,000 NYC IDA (Amboy Properties) 6.750 06/01/2020 3,244,735 - ------------------------------------------------------------------------------------------------------------------------------------ 2,595,000 NYC IDA (American Airlines) 5.400 07/01/2019 2,185,743 - ------------------------------------------------------------------------------------------------------------------------------------ 29,935,000 NYC IDA (American Airlines) 5.400 07/01/2020 25,068,467 - ------------------------------------------------------------------------------------------------------------------------------------ 38,410,000 NYC IDA (American Airlines) 6.900 08/01/2024 36,605,114 - ------------------------------------------------------------------------------------------------------------------------------------ 331,800,000 NYC IDA (American Airlines) 8.500 08/01/2028 371,450,100 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC IDA (American National Red Cross) 5.000 02/01/2036 1,039,720 - ------------------------------------------------------------------------------------------------------------------------------------ 485,000 NYC IDA (Atlantic Paste & Glue Company) 6.000 11/01/2007 486,057 - ------------------------------------------------------------------------------------------------------------------------------------ 4,620,000 NYC IDA (Atlantic Paste & Glue Company) 6.625 11/01/2019 4,700,480 - ------------------------------------------------------------------------------------------------------------------------------------ 1,160,000 NYC IDA (Atlantic Veal & Lamb) 8.375 12/01/2016 1,207,328 - ------------------------------------------------------------------------------------------------------------------------------------ 535,000 NYC IDA (Baco Enterprises) 7.500 11/01/2011 554,656 - ------------------------------------------------------------------------------------------------------------------------------------
10 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 1,685,000 NYC IDA (Baco Enterprises) 8.500% 11/01/2021 $ 1,786,218 - ------------------------------------------------------------------------------------------------------------------------------------ 155,000 NYC IDA (Bark Frameworks) 6.000 11/01/2007 152,867 - ------------------------------------------------------------------------------------------------------------------------------------ 1,500,000 NYC IDA (Bark Frameworks) 6.750 11/01/2019 1,423,980 - ------------------------------------------------------------------------------------------------------------------------------------ 10,705,000 NYC IDA (Berkeley Carroll School) 6.100 11/01/2028 10,486,939 - ------------------------------------------------------------------------------------------------------------------------------------ 5,500,000 NYC IDA (Beth Abraham Health Services) 6.500 02/15/2022 5,830,880 - ------------------------------------------------------------------------------------------------------------------------------------ 1,035,000 NYC IDA (Beth Abraham Health Services) 6.500 11/15/2027 1,102,989 - ------------------------------------------------------------------------------------------------------------------------------------ 4,220,000 NYC IDA (Beth Abraham Health Services) 6.500 11/15/2034 4,469,529 - ------------------------------------------------------------------------------------------------------------------------------------ 31,815,000 NYC IDA (British Airways) 4 5.250 12/01/2032 29,070,638 - ------------------------------------------------------------------------------------------------------------------------------------ 21,470,000 NYC IDA (British Airways) 7.625 12/01/2032 23,419,691 - ------------------------------------------------------------------------------------------------------------------------------------ 85,675,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 5.650 10/01/2028 86,184,766 - ------------------------------------------------------------------------------------------------------------------------------------ 143,510,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 5.750 10/01/2036 144,322,267 - ------------------------------------------------------------------------------------------------------------------------------------ 21,050,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 6.200 10/01/2022 22,634,644 - ------------------------------------------------------------------------------------------------------------------------------------ 16,000,000 NYC IDA (Calhoun School) 6.625 12/01/2034 16,882,560 - ------------------------------------------------------------------------------------------------------------------------------------ 3,215,000 NYC IDA (Center for Elimination of Family Violence) 6 7.375 11/01/2036 3,218,987 - ------------------------------------------------------------------------------------------------------------------------------------ 960,000 NYC IDA (Center for Elimination of Family Violence) 6 7.375 11/01/2036 959,942 - ------------------------------------------------------------------------------------------------------------------------------------ 2,235,000 NYC IDA (Chardan Corp.) 7.750 11/01/2020 2,235,402 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 NYC IDA (College of Aeronautics) 5.450 05/01/2018 2,573,600 - ------------------------------------------------------------------------------------------------------------------------------------ 9,600,000 NYC IDA (College of Aeronautics) 5.500 05/01/2028 9,822,912 - ------------------------------------------------------------------------------------------------------------------------------------ 2,505,000 NYC IDA (College of New Rochelle) 5.750 09/01/2017 2,601,643 - ------------------------------------------------------------------------------------------------------------------------------------ 2,900,000 NYC IDA (College of New Rochelle) 5.800 09/01/2026 3,016,058 - ------------------------------------------------------------------------------------------------------------------------------------ 2,040,000 NYC IDA (Community Hospital of Brooklyn) 6.875 11/01/2010 2,052,526 - ------------------------------------------------------------------------------------------------------------------------------------ 1,490,000 NYC IDA (Comprehensive Care Management) 6.000 05/01/2026 1,505,213 - ------------------------------------------------------------------------------------------------------------------------------------ 3,145,000 NYC IDA (Comprehensive Care Management) 6.125 11/01/2035 3,179,784 - ------------------------------------------------------------------------------------------------------------------------------------ 3,975,000 NYC IDA (Comprehensive Care Management) 6.375 11/01/2028 4,049,929 - ------------------------------------------------------------------------------------------------------------------------------------ 1,575,000 NYC IDA (Comprehensive Care Management) 6.375 11/01/2028 1,587,002 - ------------------------------------------------------------------------------------------------------------------------------------ 1,770,000 NYC IDA (Comprehensive Care Management) 7.875 12/01/2016 1,845,614 - ------------------------------------------------------------------------------------------------------------------------------------ 1,110,000 NYC IDA (Comprehensive Care Management) 8.000 12/01/2011 1,123,176 - ------------------------------------------------------------------------------------------------------------------------------------ 1,500,000 NYC IDA (Continental Airlines) 7.250 11/01/2008 1,507,545 - ------------------------------------------------------------------------------------------------------------------------------------ 4,685,000 NYC IDA (Continental Airlines) 8.375 11/01/2016 4,971,675 - ------------------------------------------------------------------------------------------------------------------------------------ 380,000 NYC IDA (Dioni) 6.000 11/01/2007 382,941 - ------------------------------------------------------------------------------------------------------------------------------------ 3,600,000 NYC IDA (Dioni) 6.625 11/01/2019 3,705,984 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC IDA (Eger Harbor House) 5.875 05/20/2044 1,100,860 - ------------------------------------------------------------------------------------------------------------------------------------ 5,500,000 NYC IDA (Family Support Systems) 7.500 11/01/2034 5,608,240 - ------------------------------------------------------------------------------------------------------------------------------------ 7,315,000 NYC IDA (Friends Seminary School) 7.125 09/15/2031 7,854,628 - ------------------------------------------------------------------------------------------------------------------------------------ 3,280,000 NYC IDA (Gabrielli Truck Sales) 8.125 12/01/2017 3,446,165 - ------------------------------------------------------------------------------------------------------------------------------------ 2,265,000 NYC IDA (Gateway School of NY) 6.500 11/01/2019 2,406,177 - ------------------------------------------------------------------------------------------------------------------------------------ 14,350,000 NYC IDA (General Motors Corp.) 4 5.125 12/30/2023 10,186,061 - ------------------------------------------------------------------------------------------------------------------------------------ 1,900,000 NYC IDA (Global Country World Peace) 7.250 11/01/2025 1,892,818 - ------------------------------------------------------------------------------------------------------------------------------------ 1,800,000 NYC IDA (Global Country World Peace) 7.250 11/01/2025 1,793,196 - ------------------------------------------------------------------------------------------------------------------------------------ 2,175,000 NYC IDA (Good Shepherd Services) 5.875 06/01/2014 2,230,006 - ------------------------------------------------------------------------------------------------------------------------------------ 260,000 NYC IDA (Herbert G. Birch Childhood Project) 7.375 02/01/2009 262,153 - ------------------------------------------------------------------------------------------------------------------------------------ 2,195,000 NYC IDA (Herbert G. Birch Childhood Project) 8.375 02/01/2022 2,276,961 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC IDA (Independent Living Assoc.) 6.200 07/01/2020 998,010 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC IDA (Institute of International Education) 5.250 09/01/2021 1,047,160 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 NYC IDA (Institute of International Education) 5.250 09/01/2031 3,119,400 - ------------------------------------------------------------------------------------------------------------------------------------ 1,605,000 NYC IDA (Julia Gray) 7.500 11/01/2020 1,642,124 - ------------------------------------------------------------------------------------------------------------------------------------
11 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 830,000 NYC IDA (Just Bagels Manufacturing) 8.500% 11/01/2016 $ 889,403 - ------------------------------------------------------------------------------------------------------------------------------------ 1,030,000 NYC IDA (Just Bagels Manufacturing) 8.750 11/01/2026 1,107,188 - ------------------------------------------------------------------------------------------------------------------------------------ 1,675,000 NYC IDA (Koenig Iron Works) 8.375 12/01/2025 1,734,027 - ------------------------------------------------------------------------------------------------------------------------------------ 1,150,000 NYC IDA (L&M Optical Disc) 7.125 11/01/2010 1,151,024 - ------------------------------------------------------------------------------------------------------------------------------------ 4,500,000 NYC IDA (Liberty-7 World Trade Center) 1 6.750 03/01/2015 4,822,830 - ------------------------------------------------------------------------------------------------------------------------------------ 16,600,000 NYC IDA (Liberty-IAC/Interactive Corp.) 4 5.000 09/01/2035 16,723,338 - ------------------------------------------------------------------------------------------------------------------------------------ 3,025,000 NYC IDA (Little Red Schoolhouse) 6.750 11/01/2018 3,149,388 - ------------------------------------------------------------------------------------------------------------------------------------ 390,000 NYC IDA (Lucky Polyethylene Manufacturing Company) 7.000 11/01/2009 382,730 - ------------------------------------------------------------------------------------------------------------------------------------ 2,995,000 NYC IDA (Lucky Polyethylene Manufacturing Company) 7.800 11/01/2024 2,913,865 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 NYC IDA (Lycee Francais De New York) 5.375 06/01/2023 2,073,460 - ------------------------------------------------------------------------------------------------------------------------------------ 23,000,000 NYC IDA (Magen David Yeshivah) 5.700 06/15/2027 24,486,490 - ------------------------------------------------------------------------------------------------------------------------------------ 680,000 NYC IDA (Marymount School of NY) 5.125 09/01/2021 698,965 - ------------------------------------------------------------------------------------------------------------------------------------ 3,960,000 NYC IDA (Marymount School of NY) 5.250 09/01/2031 4,125,092 - ------------------------------------------------------------------------------------------------------------------------------------ 19,335,000 NYC IDA (MediSys Health Network) 6.250 03/15/2024 17,995,471 - ------------------------------------------------------------------------------------------------------------------------------------ 1,450,000 NYC IDA (Mesorah Publications) 6.450 02/01/2011 1,468,821 - ------------------------------------------------------------------------------------------------------------------------------------ 4,790,000 NYC IDA (Mesorah Publications) 6.950 02/01/2021 4,793,736 - ------------------------------------------------------------------------------------------------------------------------------------ 3,200,000 NYC IDA (Metropolitan College of New York) 5.750 03/01/2020 3,114,752 - ------------------------------------------------------------------------------------------------------------------------------------ 2,275,000 NYC IDA (Morrisons Pastry) 6.500 11/01/2019 2,279,368 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 NYC IDA (New York University) 5.000 07/01/2041 25,501 - ------------------------------------------------------------------------------------------------------------------------------------ 3,945,000 NYC IDA (NY Hostel Company) 7.600 01/01/2017 3,985,002 - ------------------------------------------------------------------------------------------------------------------------------------ 475,000 NYC IDA (NYC Outward Bound Center) 7.250 11/01/2010 475,608 - ------------------------------------------------------------------------------------------------------------------------------------ 290,000 NYC IDA (Paradise Products) 7.125 11/01/2007 293,680 - ------------------------------------------------------------------------------------------------------------------------------------ 4,475,000 NYC IDA (Paradise Products) 8.250 11/01/2022 4,680,268 - ------------------------------------------------------------------------------------------------------------------------------------ 470,000 NYC IDA (Petrocelli Electric) 7.250 11/01/2007 478,093 - ------------------------------------------------------------------------------------------------------------------------------------ 170,000 NYC IDA (Petrocelli Electric) 7.250 11/01/2008 173,776 - ------------------------------------------------------------------------------------------------------------------------------------ 3,780,000 NYC IDA (Petrocelli Electric) 8.000 11/01/2017 3,927,269 - ------------------------------------------------------------------------------------------------------------------------------------ 940,000 NYC IDA (Petrocelli Electric) 8.000 11/01/2018 985,139 - ------------------------------------------------------------------------------------------------------------------------------------ 6,410,000 NYC IDA (Polytechnic University) 6.000 11/01/2020 6,484,164 - ------------------------------------------------------------------------------------------------------------------------------------ 34,050,000 NYC IDA (Polytechnic University) 6.125 11/01/2030 34,396,289 - ------------------------------------------------------------------------------------------------------------------------------------ 2,240,000 NYC IDA (Precision Gear) 6.375 11/01/2024 2,265,715 - ------------------------------------------------------------------------------------------------------------------------------------ 1,910,000 NYC IDA (Precision Gear) 6.375 11/01/2024 1,931,927 - ------------------------------------------------------------------------------------------------------------------------------------ 930,000 NYC IDA (Precision Gear) 7.625 11/01/2024 996,830 - ------------------------------------------------------------------------------------------------------------------------------------ 4,100,000 NYC IDA (PSCH) 6.375 07/01/2033 4,362,892 - ------------------------------------------------------------------------------------------------------------------------------------ 6,800,000 NYC IDA (Reece School) 7.500 12/01/2037 6,813,600 - ------------------------------------------------------------------------------------------------------------------------------------ 2,300,000 NYC IDA (Reece School) 7.500 12/01/2037 2,300,276 - ------------------------------------------------------------------------------------------------------------------------------------ 2,615,000 NYC IDA (Riverdale Terrace Hsg. Devel. Fund) 6.250 11/01/2014 2,500,594 - ------------------------------------------------------------------------------------------------------------------------------------ 8,595,000 NYC IDA (Riverdale Terrace Hsg. Devel. Fund) 6.750 11/01/2028 8,001,687 - ------------------------------------------------------------------------------------------------------------------------------------ 1,030,000 NYC IDA (Sahadi Fine Foods) 6.250 11/01/2009 1,033,729 - ------------------------------------------------------------------------------------------------------------------------------------ 4,085,000 NYC IDA (Sahadi Fine Foods) 6.750 11/01/2019 4,047,867 - ------------------------------------------------------------------------------------------------------------------------------------ 4,380,000 NYC IDA (Showman Fabricators) 7.500 11/01/2028 4,416,617 - ------------------------------------------------------------------------------------------------------------------------------------ 3,420,000 NYC IDA (South Bronx Overall Economic Devel.) 8.625 12/01/2025 3,514,289 - ------------------------------------------------------------------------------------------------------------------------------------ 1,625,000 NYC IDA (Special Needs Facilities Pooled Program) 4.750 07/01/2020 1,620,726 - ------------------------------------------------------------------------------------------------------------------------------------ 4,255,000 NYC IDA (Special Needs Facilities Pooled Program) 6.650 07/01/2023 4,129,307 - ------------------------------------------------------------------------------------------------------------------------------------ 345,000 NYC IDA (Special Needs Facilities Pooled Program) 7.125 08/01/2006 346,732 - ------------------------------------------------------------------------------------------------------------------------------------ 7,010,000 NYC IDA (Special Needs Facilities Pooled Program) 7.875 08/01/2025 7,499,578 - ------------------------------------------------------------------------------------------------------------------------------------ 5,115,000 NYC IDA (St. Bernard's School) 7.000 12/01/2021 5,314,792 - ------------------------------------------------------------------------------------------------------------------------------------ 1,550,000 NYC IDA (St. Francis College) 5.000 10/01/2034 1,578,799 - ------------------------------------------------------------------------------------------------------------------------------------ 10,000 NYC IDA (Staten Island University Hospital) 6.375 07/01/2031 10,153 - ------------------------------------------------------------------------------------------------------------------------------------ 4,530,000 NYC IDA (Staten Island University Hospital) 6.375 07/01/2031 4,599,264 - ------------------------------------------------------------------------------------------------------------------------------------
12 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 1,490,000 NYC IDA (Staten Island University Hospital) 6.450% 07/01/2032 $ 1,522,273 - ------------------------------------------------------------------------------------------------------------------------------------ 585,000 NYC IDA (Streamline Plastics) 7.750 12/01/2015 591,757 - ------------------------------------------------------------------------------------------------------------------------------------ 1,275,000 NYC IDA (Streamline Plastics) 8.125 12/01/2025 1,298,830 - ------------------------------------------------------------------------------------------------------------------------------------ 523,350 NYC IDA (Summit School) 8.250 12/01/2024 532,619 - ------------------------------------------------------------------------------------------------------------------------------------ 955,000 NYC IDA (Surprise Plastics) 7.500 11/01/2013 916,924 - ------------------------------------------------------------------------------------------------------------------------------------ 2,480,000 NYC IDA (Surprise Plastics) 8.500 11/01/2023 2,389,356 - ------------------------------------------------------------------------------------------------------------------------------------ 5,245,000 NYC IDA (Terminal One Group Assoc.) 5.500 01/01/2020 5,593,006 - ------------------------------------------------------------------------------------------------------------------------------------ 7,750,000 NYC IDA (Terminal One Group Assoc.) 5.500 01/01/2021 8,251,735 - ------------------------------------------------------------------------------------------------------------------------------------ 11,390,000 NYC IDA (Terminal One Group Assoc.) 5.500 01/01/2024 12,072,375 - ------------------------------------------------------------------------------------------------------------------------------------ 380,000 NYC IDA (The Bank Street College) 5.250 12/01/2021 400,930 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC IDA (The Bank Street College) 5.250 12/01/2030 1,045,140 - ------------------------------------------------------------------------------------------------------------------------------------ 10,000,000 NYC IDA (The Child School) 7.550 06/01/2033 10,553,700 - ------------------------------------------------------------------------------------------------------------------------------------ 375,000 NYC IDA (Therapy & Learning Center) 7.500 10/01/2011 399,353 - ------------------------------------------------------------------------------------------------------------------------------------ 3,735,000 NYC IDA (Therapy & Learning Center) 8.250 10/01/2031 4,029,505 - ------------------------------------------------------------------------------------------------------------------------------------ 300,000 NYC IDA (THR Products Corp.) 7.250 11/01/2010 306,456 - ------------------------------------------------------------------------------------------------------------------------------------ 1,085,000 NYC IDA (THR Products Corp.) 8.250 11/01/2020 1,134,899 - ------------------------------------------------------------------------------------------------------------------------------------ 4,325,000 NYC IDA (Touro College) 6.350 06/01/2029 4,524,988 - ------------------------------------------------------------------------------------------------------------------------------------ 4,485,000 NYC IDA (Ulano) 6.900 11/01/2019 4,433,692 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYC IDA (United Nations School) 6.350 12/01/2015 1,031,270 - ------------------------------------------------------------------------------------------------------------------------------------ 845,000 NYC IDA (Urban Health Plan) 6.250 09/15/2009 861,334 - ------------------------------------------------------------------------------------------------------------------------------------ 9,830,000 NYC IDA (Urban Health Plan) 7.050 09/15/2026 10,149,770 - ------------------------------------------------------------------------------------------------------------------------------------ 3,640,000 NYC IDA (Urban Resource Institute) 7.375 11/01/2033 3,840,782 - ------------------------------------------------------------------------------------------------------------------------------------ 40,000 NYC IDA (Utleys) 6.625 11/01/2006 39,898 - ------------------------------------------------------------------------------------------------------------------------------------ 1,335,000 NYC IDA (Utleys) 7.375 11/01/2023 1,312,946 - ------------------------------------------------------------------------------------------------------------------------------------ 365,000 NYC IDA (Van Blarcom Closures) 7.125 11/01/2007 372,450 - ------------------------------------------------------------------------------------------------------------------------------------ 2,965,000 NYC IDA (Van Blarcom Closures) 8.000 11/01/2017 3,122,353 - ------------------------------------------------------------------------------------------------------------------------------------ 20,800,000 NYC IDA (Visy Paper) 4 7.800 01/01/2016 21,298,992 - ------------------------------------------------------------------------------------------------------------------------------------ 70,500,000 NYC IDA (Visy Paper) 7.950 01/01/2028 72,009,405 - ------------------------------------------------------------------------------------------------------------------------------------ 1,930,000 NYC IDA (Vocational Instruction) 7.750 02/01/2033 1,859,439 - ------------------------------------------------------------------------------------------------------------------------------------ 435,000 NYC IDA (W & W Jewelers) 7.250 02/01/2011 448,698 - ------------------------------------------------------------------------------------------------------------------------------------ 1,555,000 NYC IDA (W & W Jewelers) 8.250 02/01/2021 1,641,614 - ------------------------------------------------------------------------------------------------------------------------------------ 5,930,000 NYC IDA (Weizmann Institute) 5.900 11/01/2034 6,061,409 - ------------------------------------------------------------------------------------------------------------------------------------ 2,900,000 NYC IDA (Weizmann Institute) 5.900 11/01/2034 2,908,439 - ------------------------------------------------------------------------------------------------------------------------------------ 3,370,000 NYC IDA (Westchester Square Medical Center) 8.000 11/01/2010 3,459,743 - ------------------------------------------------------------------------------------------------------------------------------------ 6,160,000 NYC IDA (Westchester Square Medical Center) 8.375 11/01/2015 6,381,698 - ------------------------------------------------------------------------------------------------------------------------------------ 1,660,000 NYC IDA (World Casing Corp.) 6.700 11/01/2019 1,540,712 - ------------------------------------------------------------------------------------------------------------------------------------ 9,000,000 NYC IDA Special Facilities (JFK International Airport) 8.000 08/01/2012 9,812,160 - ------------------------------------------------------------------------------------------------------------------------------------ 65,000 NYC Municipal Water Finance Authority 5.000 06/15/2029 66,747 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 NYC Municipal Water Finance Authority 5.000 06/15/2029 51,344 - ------------------------------------------------------------------------------------------------------------------------------------ 39,985,000 NYC Municipal Water Finance Authority 5.000 06/15/2034 41,126,572 - ------------------------------------------------------------------------------------------------------------------------------------ 11,565,000 NYC Municipal Water Finance Authority 5.000 06/15/2035 11,929,298 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 NYC Municipal Water Finance Authority 5.000 06/15/2035 3,095,910 - ------------------------------------------------------------------------------------------------------------------------------------ 200,000 NYC Municipal Water Finance Authority 5.000 06/15/2035 205,648 - ------------------------------------------------------------------------------------------------------------------------------------ 7,655,000 NYC Municipal Water Finance Authority 5.000 06/15/2036 7,908,151 - ------------------------------------------------------------------------------------------------------------------------------------ 20,900,000 NYC Municipal Water Finance Authority 5.000 06/15/2037 21,609,137 - ------------------------------------------------------------------------------------------------------------------------------------ 850,000 NYC Municipal Water Finance Authority 5.000 06/15/2038 878,127 - ------------------------------------------------------------------------------------------------------------------------------------ 675,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 694,582 - ------------------------------------------------------------------------------------------------------------------------------------ 4,600,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 4,746,602 - ------------------------------------------------------------------------------------------------------------------------------------ 10,640,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 10,979,097 - ------------------------------------------------------------------------------------------------------------------------------------ 820,000 NYC Municipal Water Finance Authority 5.125 06/15/2031 848,454 - ------------------------------------------------------------------------------------------------------------------------------------
13 | Rochester Fund Municipals Rochester Fund STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 30,000 NYC Municipal Water Finance Authority 5.125% 06/15/2032 $ 31,106 - ------------------------------------------------------------------------------------------------------------------------------------ 30,000 NYC Municipal Water Finance Authority 5.125 06/15/2033 31,364 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 NYC Municipal Water Finance Authority 5.125 06/15/2033 25,752 - ------------------------------------------------------------------------------------------------------------------------------------ 20,545,000 NYC Municipal Water Finance Authority 5.125 06/15/2034 21,268,184 - ------------------------------------------------------------------------------------------------------------------------------------ 650,000 NYC Municipal Water Finance Authority 5.250 06/15/2034 679,140 - ------------------------------------------------------------------------------------------------------------------------------------ 530,000 NYC Municipal Water Finance Authority 5.400 2 06/15/2019 275,796 - ------------------------------------------------------------------------------------------------------------------------------------ 12,750,000 NYC Municipal Water Finance Authority DRIVERS 9.548 3 06/15/2013 14,344,898 - ------------------------------------------------------------------------------------------------------------------------------------ 2,930,000 NYC Municipal Water Finance Authority RITES 8.020 3 06/15/2032 3,195,751 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 NYC Municipal Water Finance Authority RITES 8.089 3 06/15/2029 2,750,100 - ------------------------------------------------------------------------------------------------------------------------------------ 7,850,000 NYC Municipal Water Finance Authority RITES 8.089 3 06/15/2034 8,613,334 - ------------------------------------------------------------------------------------------------------------------------------------ 14,425,000 NYC Municipal Water Finance Authority RITES 8.113 3 06/15/2026 15,948,857 - ------------------------------------------------------------------------------------------------------------------------------------ 2,805,000 NYC Municipal Water Finance Authority RITES 8.136 3 06/15/2027 3,094,925 - ------------------------------------------------------------------------------------------------------------------------------------ 11,860,000 NYC Municipal Water Finance Authority RITES 8.217 3 06/15/2034 13,214,412 - ------------------------------------------------------------------------------------------------------------------------------------ 4,500,000 NYC Municipal Water Finance Authority RITES 8.217 3 06/15/2038 4,986,090 - ------------------------------------------------------------------------------------------------------------------------------------ 11,210,000 NYC Municipal Water Finance Authority RITES 8.520 3 06/15/2032 12,593,762 - ------------------------------------------------------------------------------------------------------------------------------------ 3,555,000 NYC Municipal Water Finance Authority RITES 8.589 3 06/15/2021 3,932,114 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 NYC Municipal Water Finance Authority RITES 8.589 3 06/15/2030 5,492,200 - ------------------------------------------------------------------------------------------------------------------------------------ 18,240,000 NYC Municipal Water Finance Authority RITES 8.624 3 06/15/2030 20,035,546 - ------------------------------------------------------------------------------------------------------------------------------------ 4,030,000 NYC Municipal Water Finance Authority RITES 8.636 3 06/15/2030 4,426,713 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 NYC Municipal Water Finance Authority RITES 8.636 3 06/15/2030 5,492,200 - ------------------------------------------------------------------------------------------------------------------------------------ 6,875,000 NYC Municipal Water Finance Authority ROLs 10.018 3 06/15/2031 7,910,788 - ------------------------------------------------------------------------------------------------------------------------------------ 16,675,000 NYC Municipal Water Finance Authority ROLs 10.018 3 06/15/2036 18,880,769 - ------------------------------------------------------------------------------------------------------------------------------------ 10,025,000 NYC Municipal Water Finance Authority ROLs 10.018 3 06/15/2037 11,385,593 - ------------------------------------------------------------------------------------------------------------------------------------ 7,875,000 NYC Municipal Water Finance Authority ROLs 10.018 3 06/15/2039 8,788,973 - ------------------------------------------------------------------------------------------------------------------------------------ 4,935,000 NYC Municipal Water Finance Authority ROLs 10.018 3 06/15/2039 5,589,578 - ------------------------------------------------------------------------------------------------------------------------------------ 4,500,000 NYC Municipal Water Finance Authority ROLs 10.038 3 06/15/2039 5,073,750 - ------------------------------------------------------------------------------------------------------------------------------------ 2,150,000 NYC Transitional Finance Authority RITES 8.124 3 08/15/2027 2,404,775 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 NYC Trust for Cultural Resources (Museum of American Folk Art) 6.125 07/01/2030 53,893 - ------------------------------------------------------------------------------------------------------------------------------------ 17,923,280 NYS Certificate of Lease 1 5.875 01/02/2023 18,486,787 - ------------------------------------------------------------------------------------------------------------------------------------ 1,690,000 NYS DA (4201 Schools Program) 6.250 07/01/2020 1,865,726 - ------------------------------------------------------------------------------------------------------------------------------------ 350,000 NYS DA (Augustana Lutheran Home) 5.400 02/01/2031 370,503 - ------------------------------------------------------------------------------------------------------------------------------------ 1,500,000 NYS DA (Augustana Lutheran Home) 5.500 02/01/2041 1,583,235 - ------------------------------------------------------------------------------------------------------------------------------------ 195,000 NYS DA (Bishop Henry B. Hucles Nursing Home) 6.000 07/01/2024 199,801 - ------------------------------------------------------------------------------------------------------------------------------------ 14,360,000 NYS DA (Buena Vida Nursing Home) 5.250 07/01/2028 14,813,345 - ------------------------------------------------------------------------------------------------------------------------------------ 8,435,000 NYS DA (Center for Nursing) 5.550 08/01/2037 8,911,409 - ------------------------------------------------------------------------------------------------------------------------------------ 2,905,000 NYS DA (Chapel Oaks) 5.450 07/01/2026 3,017,627 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 NYS DA (City University) 5.000 07/01/2023 5,183 - ------------------------------------------------------------------------------------------------------------------------------------ 1,895,000 NYS DA (City University) 5.250 07/01/2031 2,035,287 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 NYS DA (Concord Nursing Home) 6.500 07/01/2029 2,695,825 - ------------------------------------------------------------------------------------------------------------------------------------ 1,250,000 NYS DA (D'Youville College) 5.250 07/01/2025 1,318,038 - ------------------------------------------------------------------------------------------------------------------------------------ 525,000 NYS DA (Dept. of Health) 5.500 07/01/2021 542,929 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 NYS DA (Ellis Hospital) 5.600 08/01/2025 20,430 - ------------------------------------------------------------------------------------------------------------------------------------ 6,480,000 NYS DA (Frances Schervier Home & Hospital Obligated Group) 5.500 07/01/2027 6,731,618 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYS DA (Grace Manor Health Care Facility) 6.150 07/01/2018 1,026,270 - ------------------------------------------------------------------------------------------------------------------------------------ 3,970,000 NYS DA (Hospital for Special Surgery) 5.000 08/15/2033 4,115,143 - ------------------------------------------------------------------------------------------------------------------------------------
14 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 140,915,000 NYS DA (Insured Hospital) 4 5.530% 2 08/15/2036 $ 27,823,667 - ------------------------------------------------------------------------------------------------------------------------------------ 38,650,000 NYS DA (Interfaith Medical Center) 4 5.400 02/15/2028 39,894,144 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYS DA (Jones Memorial Hospital) 5.375 08/01/2034 1,046,130 - ------------------------------------------------------------------------------------------------------------------------------------ 10,300,000 NYS DA (Kaleida Health) 5.050 02/15/2025 10,669,461 - ------------------------------------------------------------------------------------------------------------------------------------ 3,450,000 NYS DA ( L.I. University) 5.125 09/01/2023 3,556,674 - ------------------------------------------------------------------------------------------------------------------------------------ 1,410,000 NYS DA ( L.I. University) 5.250 09/01/2028 1,465,427 - ------------------------------------------------------------------------------------------------------------------------------------ 235,000 NYS DA ( L.I. University) 5.250 09/01/2028 246,304 - ------------------------------------------------------------------------------------------------------------------------------------ 1,585,000 NYS DA ( L.I. University) 5.500 09/01/2020 1,697,361 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 NYS DA (Lakeside Memorial Hospital) 6.000 02/01/2021 20,235 - ------------------------------------------------------------------------------------------------------------------------------------ 1,700,000 NYS DA (Lenox Hill Hospital Obligated Group) 5.375 07/01/2020 1,696,498 - ------------------------------------------------------------------------------------------------------------------------------------ 9,415,000 NYS DA (Lutheran Social Services of Upstate NY) RITES 6.630 3 02/01/2038 10,206,331 - ------------------------------------------------------------------------------------------------------------------------------------ 3,115,000 NYS DA (Menorah Home & Hospital) RITES 8.501 3 08/01/2038 3,550,913 - ------------------------------------------------------------------------------------------------------------------------------------ 5,825,000 NYS DA (Menorah Home) RITES 8.689 3 08/01/2038 6,482,643 - ------------------------------------------------------------------------------------------------------------------------------------ 11,500,000 NYS DA (Mental Health Services Facilities) 5.000 02/15/2030 11,878,005 - ------------------------------------------------------------------------------------------------------------------------------------ 6,750,000 NYS DA (Mental Health Services Facilities) 5.000 02/15/2035 6,996,780 - ------------------------------------------------------------------------------------------------------------------------------------ 23,900,000 NYS DA (Mental Health Services Facilities) 5.000 02/15/2035 24,597,402 - ------------------------------------------------------------------------------------------------------------------------------------ 3,660,000 NYS DA (Mental Health) 5.000 02/15/2033 3,751,939 - ------------------------------------------------------------------------------------------------------------------------------------ 4,625,000 NYS DA (Mental Health) RITES 8.136 3 02/15/2023 5,326,613 - ------------------------------------------------------------------------------------------------------------------------------------ 3,770,000 NYS DA (Millard Fillmore Hospital) 5.375 02/01/2032 3,925,475 - ------------------------------------------------------------------------------------------------------------------------------------ 4,125,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.375 07/01/2029 4,482,390 - ------------------------------------------------------------------------------------------------------------------------------------ 2,430,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.875 07/01/2019 2,708,527 - ------------------------------------------------------------------------------------------------------------------------------------ 6,860,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.875 07/01/2025 7,649,106 - ------------------------------------------------------------------------------------------------------------------------------------ 10,000,000 NYS DA (Montefiore Medical Center) 5.000 02/01/2028 10,371,600 - ------------------------------------------------------------------------------------------------------------------------------------ 8,600,000 NYS DA (Montefiore Medical Center) 5.000 08/01/2033 8,894,206 - ------------------------------------------------------------------------------------------------------------------------------------ 2,375,000 NYS DA (Montefiore Medical) RITES 10.089 3 08/01/2038 2,922,058 - ------------------------------------------------------------------------------------------------------------------------------------ 6,400,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 5.500 07/01/2026 6,479,680 - ------------------------------------------------------------------------------------------------------------------------------------ 6,800,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.000 07/01/2014 7,211,060 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.500 07/01/2017 3,231,390 - ------------------------------------------------------------------------------------------------------------------------------------ 27,420,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.500 07/01/2025 29,409,047 - ------------------------------------------------------------------------------------------------------------------------------------ 8,820,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.625 07/01/2019 9,536,978 - ------------------------------------------------------------------------------------------------------------------------------------ 15,000,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.750 07/01/2020 16,302,900 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 NYS DA (Mt. Sinai/NYU Health) 5.500 07/01/2026 5,062,250 - ------------------------------------------------------------------------------------------------------------------------------------ 2,850,000 NYS DA (Municipal Health Facilities) RITES 1 8.136 3 01/15/2023 3,316,887 - ------------------------------------------------------------------------------------------------------------------------------------ 4,665,000 NYS DA (North Shore Long Island Jewish Group) 5.500 05/01/2033 4,948,585 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYS DA (Norwegian Christian Home & Health Center) 5.200 08/01/2036 1,034,960 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 NYS DA (Norwegian Christian Home & Health Center) 6.100 08/01/2041 2,234,080 - ------------------------------------------------------------------------------------------------------------------------------------ 6,200,000 NYS DA (Nursing Home) 4.900 02/15/2041 6,248,918 - ------------------------------------------------------------------------------------------------------------------------------------ 7,600,000 NYS DA (Nursing Home) 4.950 02/15/2045 7,697,584 - ------------------------------------------------------------------------------------------------------------------------------------ 4,215,000 NYS DA (Nursing Homes) 5.200 02/01/2032 4,436,962 - ------------------------------------------------------------------------------------------------------------------------------------ 390,000 NYS DA (NY & Presbyterian Hospital) 5.000 08/01/2032 400,351 - ------------------------------------------------------------------------------------------------------------------------------------ 6,950,000 NYS DA (NY Hospital Medical Center) 5.600 02/15/2039 7,398,345 - ------------------------------------------------------------------------------------------------------------------------------------
15 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 1,088,035 NYS DA (Our Lady of Mercy Medical Center) Computer Lease 1 6.200% 08/15/2006 $ 1,085,532 - ------------------------------------------------------------------------------------------------------------------------------------ 6,035,000 NYS DA (Providence Rest) 5.000 07/01/2035 6,121,602 - ------------------------------------------------------------------------------------------------------------------------------------ 2,700,000 NYS DA (Providence Rest) 5.125 07/01/2030 2,782,026 - ------------------------------------------------------------------------------------------------------------------------------------ 3,100,000 NYS DA (Providence Rest) 5.250 07/01/2025 3,246,630 - ------------------------------------------------------------------------------------------------------------------------------------ 580,000 NYS DA (Sarah Neuman Home) 5.450 08/01/2027 603,948 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 NYS DA (School Districts Financing Program), Series B 6.000 10/01/2022 55,629 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 NYS DA (School Districts Financing Program), Series B 6.000 10/01/2029 27,833 - ------------------------------------------------------------------------------------------------------------------------------------ 20,400,000 NYS DA (SCSMC/SV/CHSLI Obligated Group) 6.000 07/01/2030 21,552,396 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYS DA (SFH/GSHMC/MMC/SCHRC Obligated Group) 5.100 07/01/2034 1,007,350 - ------------------------------------------------------------------------------------------------------------------------------------ 415,000 NYS DA (Special Act School Districts) 6.000 07/01/2019 424,109 - ------------------------------------------------------------------------------------------------------------------------------------ 2,470,000 NYS DA (St. Barnabas Hospital) 5.450 08/01/2035 2,549,781 - ------------------------------------------------------------------------------------------------------------------------------------ 905,000 NYS DA (St. Catherine of Siena Medical Center) 6.000 07/01/2030 957,915 - ------------------------------------------------------------------------------------------------------------------------------------ 1,750,000 NYS DA (St. Clare's Hospital) 5.300 02/15/2019 1,805,913 - ------------------------------------------------------------------------------------------------------------------------------------ 2,970,000 NYS DA (St. Clare's Hospital) 5.400 02/15/2025 3,069,851 - ------------------------------------------------------------------------------------------------------------------------------------ 2,580,000 NYS DA (St. James Mercy Hospital) 5.400 02/01/2038 2,698,396 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 NYS DA (St. Lukes Roosevelt Hospital) 4.800 08/15/2025 5,071,000 - ------------------------------------------------------------------------------------------------------------------------------------ 101,800,000 NYS DA (St. Lukes Roosevelt Hospital) 4.900 08/15/2031 103,408,440 - ------------------------------------------------------------------------------------------------------------------------------------ 1,505,000 NYS DA (St. Thomas Aquinas College) 5.250 07/01/2028 1,541,587 - ------------------------------------------------------------------------------------------------------------------------------------ 3,885,000 NYS DA (St. Vincent DePaul Residence) 5.300 07/01/2018 4,032,475 - ------------------------------------------------------------------------------------------------------------------------------------ 7,525,000 NYS DA (Various School Districts) 5.000 04/01/2035 7,815,014 - ------------------------------------------------------------------------------------------------------------------------------------ 1,700,000 NYS DA (Vassar Brothers) 5.375 07/01/2025 1,778,132 - ------------------------------------------------------------------------------------------------------------------------------------ 7,030,000 NYS DA (White Plains Hospital) 5.375 02/15/2043 7,381,711 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 NYS DA (Willow Towers) 5.400 02/01/2034 2,656,125 - ------------------------------------------------------------------------------------------------------------------------------------ 26,070,000 NYS DA (Wyckoff Heights Medical Center) 5.300 08/15/2021 26,906,847 - ------------------------------------------------------------------------------------------------------------------------------------ 3,310,000 NYS DA P-Floats 8.217 3 02/01/2028 3,801,998 - ------------------------------------------------------------------------------------------------------------------------------------ 1,565,000 NYS DA RITES 7.128 3 12/01/2025 1,802,817 - ------------------------------------------------------------------------------------------------------------------------------------ 4,415,000 NYS DA RITES 7.128 3 12/01/2035 4,932,350 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 NYS DA RITES 11.093 3 02/01/2012 7,226,300 - ------------------------------------------------------------------------------------------------------------------------------------ 100,000 NYS EFC (Clean Water & Drinking Revolving Funds) 5.125 06/15/2031 103,866 - ------------------------------------------------------------------------------------------------------------------------------------ 4,095,000 NYS EFC (Clean Water & Drinking Revolving Funds) 5.400 07/15/2021 4,397,170 - ------------------------------------------------------------------------------------------------------------------------------------ 7,500,000 NYS EFC (NYS Water Services) 5.950 01/15/2020 8,052,675 - ------------------------------------------------------------------------------------------------------------------------------------ 2,365,000 NYS EFC (NYS Water Services) 6.000 01/15/2031 2,524,614 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 NYS EFC (United Waterworks) 5.150 03/01/2034 25,513 - ------------------------------------------------------------------------------------------------------------------------------------ 7,000,000 NYS ERDA (Brooklyn Union Gas) RIBS 9.025 3 04/01/2020 7,968,590 - ------------------------------------------------------------------------------------------------------------------------------------ 16,300,000 NYS ERDA (Brooklyn Union Gas) RIBS 10.264 3 07/01/2026 17,179,385 - ------------------------------------------------------------------------------------------------------------------------------------ 210,000 NYS ERDA (Central Hudson Gas & Electric) 5.450 08/01/2027 222,281 - ------------------------------------------------------------------------------------------------------------------------------------ 60,000 NYS ERDA (Corning Natural Gas) 8.250 12/01/2018 61,212 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 NYS ERDA (LILCO) 5.150 03/01/2016 5,039,650 - ------------------------------------------------------------------------------------------------------------------------------------ 23,000,000 NYS ERDA (LILCO) 4 5.300 11/01/2023 23,744,280 - ------------------------------------------------------------------------------------------------------------------------------------ 315,000 NYS ERDA (LILCO) 5.300 10/01/2024 325,108 - ------------------------------------------------------------------------------------------------------------------------------------ 3,485,000 NYS ERDA (NIMO) RITES 8.736 3 11/01/2025 4,131,258 - ------------------------------------------------------------------------------------------------------------------------------------ 3,625,000 NYS ERDA (RG&E) Residual Certificates 13.300 3 09/01/2033 4,573,010 - ------------------------------------------------------------------------------------------------------------------------------------ 3,030,000 NYS HFA (Children's Rescue) 7.625 05/01/2018 3,032,273 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYS HFA (Friendship) 5.100 08/15/2041 1,013,480 - ------------------------------------------------------------------------------------------------------------------------------------ 1,200,000 NYS HFA (Fulton Manor) 6.100 11/15/2025 1,244,880 - ------------------------------------------------------------------------------------------------------------------------------------ 15,000 NYS HFA (General Hsg.) 6.600 11/01/2008 15,374 - ------------------------------------------------------------------------------------------------------------------------------------
16 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 5,000 NYS HFA (Meadow Manor) 7.750% 11/01/2019 $ 5,003 - ------------------------------------------------------------------------------------------------------------------------------------ 745,000 NYS HFA (Multifamily Hsg.) 5.250 11/15/2028 759,170 - ------------------------------------------------------------------------------------------------------------------------------------ 1,340,000 NYS HFA (Multifamily Hsg.) 5.300 08/15/2024 1,374,210 - ------------------------------------------------------------------------------------------------------------------------------------ 1,700,000 NYS HFA (Multifamily Hsg.) 5.300 11/15/2039 1,728,560 - ------------------------------------------------------------------------------------------------------------------------------------ 1,070,000 NYS HFA (Multifamily Hsg.) 5.350 08/15/2020 1,113,324 - ------------------------------------------------------------------------------------------------------------------------------------ 2,860,000 NYS HFA (Multifamily Hsg.) 5.350 08/15/2031 2,922,577 - ------------------------------------------------------------------------------------------------------------------------------------ 2,080,000 NYS HFA (Multifamily Hsg.) 5.375 02/15/2035 2,134,038 - ------------------------------------------------------------------------------------------------------------------------------------ 3,250,000 NYS HFA (Multifamily Hsg.) 5.450 08/15/2032 3,357,380 - ------------------------------------------------------------------------------------------------------------------------------------ 2,075,000 NYS HFA (Multifamily Hsg.) 5.500 08/15/2030 2,117,330 - ------------------------------------------------------------------------------------------------------------------------------------ 1,215,000 NYS HFA (Multifamily Hsg.) 5.550 08/15/2019 1,260,988 - ------------------------------------------------------------------------------------------------------------------------------------ 1,385,000 NYS HFA (Multifamily Hsg.) 5.600 08/15/2019 1,438,863 - ------------------------------------------------------------------------------------------------------------------------------------ 1,240,000 NYS HFA (Multifamily Hsg.) 5.600 02/15/2026 1,276,431 - ------------------------------------------------------------------------------------------------------------------------------------ 1,730,000 NYS HFA (Multifamily Hsg.) 5.600 08/15/2033 1,802,072 - ------------------------------------------------------------------------------------------------------------------------------------ 1,170,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2030 1,210,634 - ------------------------------------------------------------------------------------------------------------------------------------ 3,200,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2030 3,301,056 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2031 1,034,410 - ------------------------------------------------------------------------------------------------------------------------------------ 1,710,000 NYS HFA (Multifamily Hsg.) 5.650 02/15/2034 1,755,418 - ------------------------------------------------------------------------------------------------------------------------------------ 2,120,000 NYS HFA (Multifamily Hsg.) 5.700 08/15/2033 2,201,048 - ------------------------------------------------------------------------------------------------------------------------------------ 90,000 NYS HFA (Multifamily Hsg.) 5.950 08/15/2024 90,408 - ------------------------------------------------------------------------------------------------------------------------------------ 1,285,000 NYS HFA (Multifamily Hsg.) 6.100 11/15/2036 1,325,799 - ------------------------------------------------------------------------------------------------------------------------------------ 4,700,000 NYS HFA (Multifamily Hsg.) 6.125 08/15/2038 4,836,864 - ------------------------------------------------------------------------------------------------------------------------------------ 40,000 NYS HFA (Multifamily Hsg.) 6.200 08/15/2012 40,053 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 NYS HFA (Multifamily Hsg.) 6.200 08/15/2016 25,614 - ------------------------------------------------------------------------------------------------------------------------------------ 725,000 NYS HFA (Multifamily Hsg.) 6.250 02/15/2031 749,295 - ------------------------------------------------------------------------------------------------------------------------------------ 1,255,000 NYS HFA (Multifamily Hsg.) 6.400 11/15/2027 1,291,106 - ------------------------------------------------------------------------------------------------------------------------------------ 760,000 NYS HFA (Multifamily Hsg.) 6.500 08/15/2024 762,371 - ------------------------------------------------------------------------------------------------------------------------------------ 2,735,000 NYS HFA (Multifamily Hsg.) 6.700 08/15/2025 2,738,747 - ------------------------------------------------------------------------------------------------------------------------------------ 5,600,000 NYS HFA (Multifamily Hsg.) 6.750 11/15/2036 5,796,336 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 NYS HFA (Multifamily Hsg.) 6.950 08/15/2012 5,050 - ------------------------------------------------------------------------------------------------------------------------------------ 5,400,000 NYS HFA (Multifamily Hsg.) 7.050 08/15/2024 5,478,030 - ------------------------------------------------------------------------------------------------------------------------------------ 315,000 NYS HFA (Multifamily Hsg.) 7.550 11/01/2029 315,841 - ------------------------------------------------------------------------------------------------------------------------------------ 2,785,000 NYS HFA (NH&HC) RITES 8.736 3 11/01/2016 2,817,028 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 NYS HFA (Nonprofit Hsg.) 6.400 11/01/2010 5,012 - ------------------------------------------------------------------------------------------------------------------------------------ 480,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2009 484,373 - ------------------------------------------------------------------------------------------------------------------------------------ 525,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2010 529,783 - ------------------------------------------------------------------------------------------------------------------------------------ 565,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2011 570,147 - ------------------------------------------------------------------------------------------------------------------------------------ 605,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2012 610,512 - ------------------------------------------------------------------------------------------------------------------------------------ 655,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2013 660,967 - ------------------------------------------------------------------------------------------------------------------------------------ 780,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2014 787,106 - ------------------------------------------------------------------------------------------------------------------------------------ 835,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2015 842,607 - ------------------------------------------------------------------------------------------------------------------------------------ 900,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2016 908,199 - ------------------------------------------------------------------------------------------------------------------------------------ 990,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2017 999,019 - ------------------------------------------------------------------------------------------------------------------------------------ 1,060,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2018 1,069,657 - ------------------------------------------------------------------------------------------------------------------------------------ 460,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2019 464,191 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 NYS HFA (Phillips Village) 7.750 08/15/2017 5,099,950 - ------------------------------------------------------------------------------------------------------------------------------------ 70,000 NYS HFA (Service Contract) 5.375 03/15/2023 70,097 - ------------------------------------------------------------------------------------------------------------------------------------ 5,600,000 NYS HFA (Service Contract) 5.500 09/15/2022 5,832,960 - ------------------------------------------------------------------------------------------------------------------------------------ 5,525,000 NYS HFA (Service Contract) 5.500 03/15/2025 5,750,144 - ------------------------------------------------------------------------------------------------------------------------------------ 255,000 NYS HFA (Service Contract) 6.500 03/15/2025 260,375 - ------------------------------------------------------------------------------------------------------------------------------------ 380,000 NYS HFA (Shorehill Hsg.) 1 7.500 05/01/2008 380,418 - ------------------------------------------------------------------------------------------------------------------------------------ 1,540,000 NYS HFA (Tiffany Gardens) 4.900 08/15/2025 1,562,469 - ------------------------------------------------------------------------------------------------------------------------------------
17 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 3,210,000 NYS HFA (Tiffany Gardens) 5.125% 08/15/2037 $ 3,253,945 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYS HFA (Watergate II) 4.750 02/15/2034 984,000 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 NYS HFA (Watergate II) 4.900 02/15/2045 944,550 - ------------------------------------------------------------------------------------------------------------------------------------ 320,000 NYS LGSC (SCSB) 1 7.250 12/15/2011 329,754 - ------------------------------------------------------------------------------------------------------------------------------------ 810,000 NYS LGSC (SCSB) 1 7.375 12/15/2016 839,103 - ------------------------------------------------------------------------------------------------------------------------------------ 980,000 NYS LGSC (SCSB) 1 7.750 12/15/2021 1,036,134 - ------------------------------------------------------------------------------------------------------------------------------------ 1,045,000 NYS Medcare (Central Suffolk Hospital) 6.125 11/01/2016 1,005,321 - ------------------------------------------------------------------------------------------------------------------------------------ 65,000 NYS Medcare (Hospital & Nursing Home) 6.200 08/15/2022 65,345 - ------------------------------------------------------------------------------------------------------------------------------------ 960,000 NYS Medcare (Hospital & Nursing Home) 6.300 08/15/2023 961,930 - ------------------------------------------------------------------------------------------------------------------------------------ 740,000 NYS Medcare (Hospital & Nursing Home) 6.375 08/15/2033 741,532 - ------------------------------------------------------------------------------------------------------------------------------------ 1,080,000 NYS Medcare (Hospital & Nursing Home) 7.400 11/01/2016 1,088,683 - ------------------------------------------------------------------------------------------------------------------------------------ 990,000 NYS Medcare (Hospital & Nursing Home) 9.375 11/01/2016 1,030,392 - ------------------------------------------------------------------------------------------------------------------------------------ 230,000 NYS Medcare (Hospital & Nursing Home) 10.000 11/01/2006 233,128 - ------------------------------------------------------------------------------------------------------------------------------------ 1,670,000 NYS Medcare (M.G. Nursing Home) 6.375 02/15/2035 1,706,523 - ------------------------------------------------------------------------------------------------------------------------------------ 350,000 NYS Medcare (Montefiore Medical Center) 5.750 02/15/2025 353,210 - ------------------------------------------------------------------------------------------------------------------------------------ 5,875,000 NYS Medcare (St. Peter's Hospital) 5.375 11/01/2020 5,940,683 - ------------------------------------------------------------------------------------------------------------------------------------ 7,140,000 NYS Thruway Authority RITES 8.124 3 01/01/2025 7,705,345 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 NYS UDC (Correctional Facilities) 6.310 2 01/01/2013 3,569 - ------------------------------------------------------------------------------------------------------------------------------------ 29,570,000 NYS UDC (State Personal Income Tax) 5.000 03/15/2035 30,638,364 - ------------------------------------------------------------------------------------------------------------------------------------ 5,480,000 Oneida County IDA (Bonide Products) 6.250 11/01/2018 5,461,368 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Oneida County IDA (Civic Facilities-Mohawk Valley) 4.625 09/15/2030 476,750 - ------------------------------------------------------------------------------------------------------------------------------------ 830,000 Oneida County IDA (Civic Facilities-Mohawk Valley) 5.000 09/15/2035 835,262 - ------------------------------------------------------------------------------------------------------------------------------------ 450,000 Oneida County IDA (Mohawk Valley Handicapped Services) 5.300 03/15/2019 463,748 - ------------------------------------------------------------------------------------------------------------------------------------ 740,000 Oneida County IDA (Mohawk Valley Handicapped Services) 5.350 03/15/2029 759,543 - ------------------------------------------------------------------------------------------------------------------------------------ 1,190,000 Oneida County IDA (Presbyterian Home) 5.250 03/01/2019 1,216,323 - ---------------- ------------------------------------------------------------------------------------------------------------------- 1,015,000 Oneida County IDA (Presbyterian Home) 6.100 06/01/2020 1,089,836 - ------------------------------------------------------------------------------------------------------------------------------------ 4,000,000 Onondaga County IDA (Air Cargo) 6.125 01/01/2032 4,224,280 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 Onondaga County IDA (Air Cargo) 7.250 01/01/2032 2,171,560 - ------------------------------------------------------------------------------------------------------------------------------------ 295,000 Onondaga County IDA (Central New York Charter School for Math & Science) 5 8.500 01/01/2032 103,120 - ------------------------------------------------------------------------------------------------------------------------------------ 510,000 Onondaga County IDA (Coltec Industries) 7.250 06/01/2008 518,364 - ---------------- ------------------------------------------------------------------------------------------------------------------- 770,000 Onondaga County IDA (Coltec Industries) 9.875 10/01/2010 783,914 - ------------------------------------------------------------------------------------------------------------------------------------ 1,390,000 Onondaga County IDA (Community General Hospital) 5.500 11/01/2018 1,400,244 - ------------------------------------------------------------------------------------------------------------------------------------ 7,280,000 Onondaga County IDA (Community General Hospital) 6.625 01/01/2018 7,304,534 - ------------------------------------------------------------------------------------------------------------------------------------ 4,710,000 Onondaga County IDA (Le Moyne College) 5.625 12/01/2021 4,990,528 - ---------------- ------------------------------------------------------------------------------------------------------------------- 11,500,000 Onondaga County IDA (Solvay Paperboard) 4 6.800 11/01/2014 12,000,940 - ------------------------------------------------------------------------------------------------------------------------------------ 67,200,000 Onondaga County IDA (Solvay Paperboard) 7.000 11/01/2030 70,257,600 - ------------------------------------------------------------------------------------------------------------------------------------ 750,000 Onondaga County IDA (Syracuse Home) 5.200 12/01/2018 772,245 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Onondaga County IDA Sewage Waste Facilities (Anheuser-Busch Companies) 6.250 12/01/2034 534,200 - ------------------------------------------------------------------------------------------------------------------------------------ 59,474,598 Onondaga County Res Rec 0.000 7 05/01/2022 31,855,189 - ------------------------------------------------------------------------------------------------------------------------------------ 41,580,000 Onondaga County Res Rec 5.000 05/01/2015 39,849,025 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2021 2,673,725 - ------------------------------------------------------------------------------------------------------------------------------------ 2,310,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2031 2,446,567 - ------------------------------------------------------------------------------------------------------------------------------------ 2,090,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2031 2,213,561 - ------------------------------------------------------------------------------------------------------------------------------------ 2,705,000 Orange County IDA (Glen Arden) 5.625 01/01/2018 2,759,452 - ------------------------------------------------------------------------------------------------------------------------------------
18 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 5,590,000 Orange County IDA (Glen Arden) 5.700% 01/01/2028 $ 5,675,080 - ------------------------------------------------------------------------------------------------------------------------------------ 2,685,000 Orange County IDA (Kingston Manufacturing) 1 8.000 11/01/2017 1,327,920 - ------------------------------------------------------------------------------------------------------------------------------------ 340,000 Orange County IDA (Orange Mental Retardation Properties) 7.800 07/01/2011 341,329 - ------------------------------------------------------------------------------------------------------------------------------------ 1,715,000 Orange County IDA (St. Luke's Cornwall Hospital Obligated Group) 5.375 12/01/2021 1,809,582 - ------------------------------------------------------------------------------------------------------------------------------------ 6,330,000 Orange County IDA 5.375 12/01/2026 6,664,161 (St. Luke's Cornwall Hospital Obligated Group) - ------------------------------------------------------------------------------------------------------------------------------------ 2,235,000 Orange County IDA (St. Luke's Cornwall Hospital Obligated Group) 5.375 12/01/2026 2,352,986 - ------------------------------------------------------------------------------------------------------------------------------------ 7,650,000 Orange County IDA (Tuxedo Place) 1 7.000 08/01/2032 5,787,990 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 Orange County IDA (Tuxedo Place) 1 7.000 08/01/2033 1,890,625 - ------------------------------------------------------------------------------------------------------------------------------------ 2,755,000 Oswego County IDA (Bishop's Common) 5.375 02/01/2049 2,881,868 - ------------------------------------------------------------------------------------------------------------------------------------ 3,260,000 Oswego County IDA (Seneca Hill Manor) 5.650 08/01/2037 3,394,377 - ------------------------------------------------------------------------------------------------------------------------------------ 6,860,000 Otsego County IDA (Hartwick College) 5.900 07/01/2022 7,019,152 - ------------------------------------------------------------------------------------------------------------------------------------ 2,970,000 Otsego County IDA (Mary Imogene Bassett Hospital) 5.350 11/01/2020 3,117,639 - ------------------------------------------------------------------------------------------------------------------------------------ 10,890,000 Peekskill IDA (Drum Hill) 6.375 10/01/2028 10,636,045 - ------------------------------------------------------------------------------------------------------------------------------------ 537,716 Peekskill IDA (Karta) 9.000 07/01/2010 541,695 - ------------------------------------------------------------------------------------------------------------------------------------ 1,515,000 Port Authority NY/NJ (Continental Airlines) 9.000 12/01/2006 1,516,288 - ------------------------------------------------------------------------------------------------------------------------------------ 1,770,000 Port Authority NY/NJ (Continental Airlines) 9.000 12/01/2010 1,771,505 - ------------------------------------------------------------------------------------------------------------------------------------ 53,290,000 Port Authority NY/NJ (Continental Airlines) 9.125 12/01/2015 53,335,297 - ------------------------------------------------------------------------------------------------------------------------------------ 2,795,000 Port Authority NY/NJ (Delta Air Lines) 6.950 06/01/2008 2,775,994 - ------------------------------------------------------------------------------------------------------------------------------------ 7,385,000 Port Authority NY/NJ (KIAC) 6.750 10/01/2011 7,549,538 - ------------------------------------------------------------------------------------------------------------------------------------ 46,080,000 Port Authority NY/NJ (KIAC) 6.750 10/01/2019 47,106,662 - ------------------------------------------------------------------------------------------------------------------------------------ 6,400,000 Port Authority NY/NJ (KIAC) 7.000 10/01/2007 6,532,928 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000,000 Port Authority NY/NJ RITES 8.024 3 09/15/2013 22,880,800 - ------------------------------------------------------------------------------------------------------------------------------------ 50,660,000 Port Authority NY/NJ, 37th Series 5.250 07/15/2034 53,413,371 - ------------------------------------------------------------------------------------------------------------------------------------ 8,150,000 Port Authority NY/NJ, 108th Series 5.875 01/15/2017 8,364,264 - ------------------------------------------------------------------------------------------------------------------------------------ 35,000 Port Authority NY/NJ, 111th Series 5.000 10/01/2032 35,570 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Port Authority NY/NJ, 120th Series 5.750 10/15/2026 1,038,710 - ------------------------------------------------------------------------------------------------------------------------------------ 4,775,000 Port Authority NY/NJ, 121st Series 5.125 10/15/2030 4,917,295 - ------------------------------------------------------------------------------------------------------------------------------------ 30,000 Port Authority NY/NJ, 122nd Series 5.000 07/15/2026 30,373 - ------------------------------------------------------------------------------------------------------------------------------------ 45,000 Port Authority NY/NJ, 122nd Series 5.125 01/15/2036 45,810 - ------------------------------------------------------------------------------------------------------------------------------------ 9,525,000 Port Authority NY/NJ, 124th Series 5.000 08/01/2036 9,660,922 - ------------------------------------------------------------------------------------------------------------------------------------ 120,000 Port Authority NY/NJ, 126th Series 5.125 11/15/2028 124,321 - ------------------------------------------------------------------------------------------------------------------------------------ 210,000 Port Authority NY/NJ, 126th Series 5.125 11/15/2030 217,449 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Port Authority NY/NJ, 127th Series 5.200 12/15/2027 26,113 - ------------------------------------------------------------------------------------------------------------------------------------ 7,015,000 Port Authority NY/NJ, 127th Series 5.250 12/15/2032 7,328,500 - ------------------------------------------------------------------------------------------------------------------------------------ 10,495,000 Port Authority NY/NJ, 132nd Series 5.000 09/01/2026 10,921,412 - ------------------------------------------------------------------------------------------------------------------------------------ 35,100,000 Port Authority NY/NJ, 132nd Series 5.000 09/01/2038 36,202,491 - ------------------------------------------------------------------------------------------------------------------------------------ 16,000,000 Port Authority NY/NJ, 136th Series 5.125 05/01/2034 16,731,520 - ------------------------------------------------------------------------------------------------------------------------------------ 19,175,000 Port Authority NY/NJ, 136th Series 5.375 11/01/2028 20,358,098 - ------------------------------------------------------------------------------------------------------------------------------------ 22,855,000 Port Authority NY/NJ, 136th Series 5.500 11/01/2029 24,556,098 - ------------------------------------------------------------------------------------------------------------------------------------ 1,430,000 Port Authority NY/NJ, 137th Series 5.125 07/15/2030 1,497,410 - ------------------------------------------------------------------------------------------------------------------------------------ 10,000,000 Port Authority NY/NJ, 140th Series 5.000 12/01/2034 10,430,900 - ------------------------------------------------------------------------------------------------------------------------------------ 13,745,000 Port Authority NY/NJ, 141st Series 5.000 09/01/2021 14,251,228 - ------------------------------------------------------------------------------------------------------------------------------------ 16,455,000 Port Authority NY/NJ, 141st Series 5.000 09/01/2025 17,035,532 - ------------------------------------------------------------------------------------------------------------------------------------ 18,040,000 Port Authority NY/NJ, 141st Series 4 5.000 09/01/2027 18,648,489 - ------------------------------------------------------------------------------------------------------------------------------------ 2,755,000 Poughkeepsie IDA (Eastman & Bixby Redevel. Corp.) 6.000 08/01/2032 2,934,268 - ------------------------------------------------------------------------------------------------------------------------------------ 1,990,000 Putnam County IDA (Brewster Plastics) 8.500 12/01/2016 2,049,780 - ------------------------------------------------------------------------------------------------------------------------------------
19 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 1,500,000 Rensselaer County IDA (Franciscan Heights) 5.375% 12/01/2036 $ 1,565,325 - ------------------------------------------------------------------------------------------------------------------------------------ 2,125,000 Rensselaer County Tobacco Asset Securitization Corp. RITES 8.424 3 06/01/2035 2,254,094 - ------------------------------------------------------------------------------------------------------------------------------------ 2,430,000 Rensselaer County Tobacco Asset Securitization Corp. RITES 8.424 3 06/01/2043 2,617,402 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 Rensselaer Hsg. Authority (Renwyck) 7.650 01/01/2011 5,165 - ------------------------------------------------------------------------------------------------------------------------------------ 19,505,000 Rensselaer Municipal Leasing Corp. (Rensselaer County Nursing Home) 6.900 06/01/2024 19,573,268 - ------------------------------------------------------------------------------------------------------------------------------------ 1,580,000 Riverhead IDA (Michael Reilly Design) 8.875 08/01/2021 1,526,359 - ------------------------------------------------------------------------------------------------------------------------------------ 15,550,000 Rochester Hsg. Authority (Crossroads Apartments) 7.700 01/01/2017 15,834,721 - ------------------------------------------------------------------------------------------------------------------------------------ 6,790,000 Rochester Museum & Science Center 6.125 12/01/2015 6,851,721 - ------------------------------------------------------------------------------------------------------------------------------------ 131,000,000 Rockland County Tobacco Asset Securitization Corp. 5.880 2 08/15/2045 13,520,510 - ------------------------------------------------------------------------------------------------------------------------------------ 53,000,000 Rockland County Tobacco Asset Securitization Corp. 6.630 2 08/15/2050 2,998,210 - ------------------------------------------------------------------------------------------------------------------------------------ 441,000,000 Rockland County Tobacco Asset Securitization Corp. 7.620 2 08/15/2060 7,946,820 - ------------------------------------------------------------------------------------------------------------------------------------ 3,075,000 Rockland County Tobacco Asset Securitization Corp. RITES 7.955 3 08/15/2035 3,267,218 - ------------------------------------------------------------------------------------------------------------------------------------ 3,360,000 Rockland County Tobacco Asset Securitization Corp. RITES 7.955 3 08/15/2043 3,626,582 - ------------------------------------------------------------------------------------------------------------------------------------ 970,000 Saratoga County IDA (ARC) 8.400 03/01/2013 978,177 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Saratoga County IDA (Saratoga Hospital) 5.125 12/01/2033 3,107,460 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 Schenectady Bond Anticipation Notes 5.250 05/26/2006 1,997,660 - ------------------------------------------------------------------------------------------------------------------------------------ 1,635,000 Schenectady IDA (Schaffer Heights Hsg.) 6.000 11/01/2030 1,768,465 - ------------------------------------------------------------------------------------------------------------------------------------ 3,335,000 Schenectady Metroplex Devel. Authority, Series A 5.375 12/15/2021 3,512,922 - ------------------------------------------------------------------------------------------------------------------------------------ 188,000 Schroon Lake Fire District 1 7.250 03/01/2009 189,397 - ------------------------------------------------------------------------------------------------------------------------------------ 175,000 Scotia Hsg. Authority (Holyrood House) 7.000 06/01/2009 176,752 - ------------------------------------------------------------------------------------------------------------------------------------ 8,600,000 SONYMA RITES 7.983 3 10/01/2034 8,760,476 - ------------------------------------------------------------------------------------------------------------------------------------ 2,480,000 SONYMA, Series 106 5.100 04/01/2023 2,539,272 - ------------------------------------------------------------------------------------------------------------------------------------ 2,475,000 SONYMA, Series 29 5.450 04/01/2031 2,535,093 - ------------------------------------------------------------------------------------------------------------------------------------ 21,155,000 SONYMA, Series 29 5.450 10/01/2031 21,711,588 - ------------------------------------------------------------------------------------------------------------------------------------ 7,400,000 SONYMA, Series 35 4.800 10/01/2030 7,408,066 - ------------------------------------------------------------------------------------------------------------------------------------ 6,360,000 SONYMA, Series 65 5.850 10/01/2028 6,561,548 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 SONYMA, Series 66 5.700 10/01/2027 20,638 - ------------------------------------------------------------------------------------------------------------------------------------ 18,750,000 SONYMA, Series 67 4 5.800 10/01/2028 19,190,625 - ------------------------------------------------------------------------------------------------------------------------------------ 3,495,000 SONYMA, Series 69 5.400 10/01/2019 3,582,340 - ------------------------------------------------------------------------------------------------------------------------------------ 4,095,000 SONYMA, Series 69 5.500 10/01/2028 4,163,755 - ------------------------------------------------------------------------------------------------------------------------------------ 3,010,000 SONYMA, Series 69 RITES 7.007 3 10/01/2028 3,111,106 - ------------------------------------------------------------------------------------------------------------------------------------ 12,655,000 SONYMA, Series 71 5.400 04/01/2029 12,872,286 - ------------------------------------------------------------------------------------------------------------------------------------ 35,000 SONYMA, Series 71 5.400 04/01/2029 35,601 - ------------------------------------------------------------------------------------------------------------------------------------ 9,805,000 SONYMA, Series 71 RITES 6.807 3 04/01/2029 10,141,606 - ------------------------------------------------------------------------------------------------------------------------------------ 5,500,000 SONYMA, Series 73 RITES 9.267 3 10/01/2028 5,942,200 - ------------------------------------------------------------------------------------------------------------------------------------ 1,725,000 SONYMA, Series 73-A 5.300 10/01/2028 1,759,776 - ------------------------------------------------------------------------------------------------------------------------------------ 100,000 SONYMA, Series 77 5.150 04/01/2029 101,437 - ------------------------------------------------------------------------------------------------------------------------------------ 10,175,000 SONYMA, Series 79 5.300 04/01/2029 10,403,429 - ------------------------------------------------------------------------------------------------------------------------------------ 460,000 SONYMA, Series 82 5.650 04/01/2030 463,491 - ------------------------------------------------------------------------------------------------------------------------------------ 5,955,000 SONYMA, Series 97 5.500 04/01/2031 6,126,385 - ------------------------------------------------------------------------------------------------------------------------------------ 300,000 St. Lawrence County IDA (Clarkson University) 5.125 07/01/2021 305,181 - ------------------------------------------------------------------------------------------------------------------------------------ 1,315,000 St. Lawrence County IDA (Clarkson University) 5.250 07/01/2031 1,342,221 - ------------------------------------------------------------------------------------------------------------------------------------ 2,370,000 St. Lawrence County IDA (Clarkson University) 5.500 07/01/2029 2,458,685 - ------------------------------------------------------------------------------------------------------------------------------------
20 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 2,805,000 St. Lawrence County IDA (Hepburn Medical Center) 5.375% 12/01/2019 $ 2,919,921 - ------------------------------------------------------------------------------------------------------------------------------------ 3,595,000 St. Lawrence County IDA (Hepburn Medical Center) 5.500 12/01/2024 3,762,311 - ------------------------------------------------------------------------------------------------------------------------------------ 1,295,000 Suffolk County IDA (ACLD) 6.000 12/01/2019 1,317,222 - ------------------------------------------------------------------------------------------------------------------------------------ 560,000 Suffolk County IDA (ALIA-ACDS) 7.125 06/01/2017 601,698 - ------------------------------------------------------------------------------------------------------------------------------------ 345,000 Suffolk County IDA (ALIA-ACLD) 6.375 06/01/2014 350,103 - ------------------------------------------------------------------------------------------------------------------------------------ 1,310,000 Suffolk County IDA (ALIA-ACLD) 6.500 03/01/2018 1,349,510 - ------------------------------------------------------------------------------------------------------------------------------------ 745,000 Suffolk County IDA (ALIA-ACLD) 7.500 09/01/2015 805,397 - ------------------------------------------------------------------------------------------------------------------------------------ 305,000 Suffolk County IDA (ALIA-ADD) 6.950 12/01/2014 326,387 - ------------------------------------------------------------------------------------------------------------------------------------ 510,000 Suffolk County IDA (ALIA-ADD) 7.125 06/01/2017 547,975 - ------------------------------------------------------------------------------------------------------------------------------------ 440,000 Suffolk County IDA (ALIA-ADD) 7.500 09/01/2015 475,671 - ------------------------------------------------------------------------------------------------------------------------------------ 1,370,000 Suffolk County IDA (ALIA-DDI) 6.375 06/01/2014 1,427,554 - ------------------------------------------------------------------------------------------------------------------------------------ 100,000 Suffolk County IDA (ALIA-DDI) 7.500 09/01/2015 108,107 - ------------------------------------------------------------------------------------------------------------------------------------ 765,000 Suffolk County IDA (ALIA-FREE) 6.375 06/01/2014 797,138 - ------------------------------------------------------------------------------------------------------------------------------------ 1,750,000 Suffolk County IDA (ALIA-FREE) 6.950 12/01/2014 1,872,710 - ------------------------------------------------------------------------------------------------------------------------------------ 4,285,000 Suffolk County IDA (ALIA-FREE) 7.125 06/01/2017 4,604,061 - ------------------------------------------------------------------------------------------------------------------------------------ 615,000 Suffolk County IDA (ALIA-IGHL) 6.375 06/01/2014 624,096 - ------------------------------------------------------------------------------------------------------------------------------------ 645,000 Suffolk County IDA (ALIA-IGHL) 6.950 12/01/2014 690,227 - ------------------------------------------------------------------------------------------------------------------------------------ 1,175,000 Suffolk County IDA (ALIA-IGHL) 7.125 06/01/2017 1,262,491 - ------------------------------------------------------------------------------------------------------------------------------------ 1,945,000 Suffolk County IDA (ALIA-IGHL) 7.250 12/01/2033 2,050,127 - ------------------------------------------------------------------------------------------------------------------------------------ 265,000 Suffolk County IDA (ALIA-IGHL) 7.500 09/01/2015 286,484 - ------------------------------------------------------------------------------------------------------------------------------------ 360,000 Suffolk County IDA (ALIA- L.I. Head Injury Assoc.) 6.375 06/01/2014 366,253 - ------------------------------------------------------------------------------------------------------------------------------------ 715,000 Suffolk County IDA (ALIA- L.I. Head Injury Assoc.) 6.950 12/01/2014 765,136 - ------------------------------------------------------------------------------------------------------------------------------------ 275,000 Suffolk County IDA (ALIA- L.I. Head Injury Assoc.) 7.500 09/01/2015 297,294 - ------------------------------------------------------------------------------------------------------------------------------------ 600,000 Suffolk County IDA (ALIA-MCH) 6.375 06/01/2014 608,874 - ------------------------------------------------------------------------------------------------------------------------------------ 1,685,000 Suffolk County IDA (ALIA-MCH) 6.950 12/01/2014 1,803,152 - ------------------------------------------------------------------------------------------------------------------------------------ 1,435,000 Suffolk County IDA (ALIA-MCH) 7.125 06/01/2017 1,541,850 - ------------------------------------------------------------------------------------------------------------------------------------ 745,000 Suffolk County IDA (ALIA-NYS ARC) 7.500 09/01/2015 805,397 - ------------------------------------------------------------------------------------------------------------------------------------ 435,000 Suffolk County IDA (ALIA-Pederson-Krag Center) 8.375 06/01/2016 474,459 - ------------------------------------------------------------------------------------------------------------------------------------ 595,000 Suffolk County IDA (ALIA-SMCFS) 7.500 09/01/2015 643,237 - ------------------------------------------------------------------------------------------------------------------------------------ 710,000 Suffolk County IDA (ALIA-Suffolk Hostels) 7.500 09/01/2015 767,560 - ------------------------------------------------------------------------------------------------------------------------------------ 255,000 Suffolk County IDA (ALIA-UCPAGS) 6.375 06/01/2014 258,771 - ------------------------------------------------------------------------------------------------------------------------------------ 1,120,000 Suffolk County IDA (ALIA-UCPAGS) 6.950 12/01/2014 1,198,534 - ------------------------------------------------------------------------------------------------------------------------------------ 840,000 Suffolk County IDA (ALIA-UCPAGS) 7.000 06/01/2016 900,505 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Suffolk County IDA (ALIA-UCPAGS) 7.500 09/01/2015 540,535 - ------------------------------------------------------------------------------------------------------------------------------------ 400,000 Suffolk County IDA (ALIA-WORCA) 6.950 12/01/2014 428,048 - ------------------------------------------------------------------------------------------------------------------------------------ 900,000 Suffolk County IDA (ALIA-WORCA) 7.125 06/01/2017 967,014 - ------------------------------------------------------------------------------------------------------------------------------------ 590,000 Suffolk County IDA (ALIA-WORCA) 7.500 09/01/2015 637,831 - ------------------------------------------------------------------------------------------------------------------------------------ 7,293,119 Suffolk County IDA (Camelot Village) 1,5 7.900 11/01/2031 61,262 - ------------------------------------------------------------------------------------------------------------------------------------ 720,000 Suffolk County IDA (Catholic Charities) 6.000 10/01/2020 723,506 - ------------------------------------------------------------------------------------------------------------------------------------ 195,000 Suffolk County IDA (CCSSVD) 7.000 04/01/2010 203,761 - ------------------------------------------------------------------------------------------------------------------------------------ 2,595,000 Suffolk County IDA (CCSSVD) 8.000 04/01/2030 2,749,013 - ------------------------------------------------------------------------------------------------------------------------------------ 245,000 Suffolk County IDA (DDI) 6.000 12/01/2019 249,204 - ------------------------------------------------------------------------------------------------------------------------------------ 650,000 Suffolk County IDA (DDI) 6.000 10/01/2020 653,166 - ------------------------------------------------------------------------------------------------------------------------------------ 670,000 Suffolk County IDA (DDI) 6.000 10/01/2020 673,263 - ------------------------------------------------------------------------------------------------------------------------------------ 520,000 Suffolk County IDA (DDI) 6.250 03/01/2009 520,400 - ------------------------------------------------------------------------------------------------------------------------------------ 5,025,000 Suffolk County IDA (DDI) 7.250 03/01/2024 5,065,703 - ------------------------------------------------------------------------------------------------------------------------------------ 8,940,000 Suffolk County IDA (DDI) 8.750 03/01/2023 9,036,910 - ------------------------------------------------------------------------------------------------------------------------------------ 2,540,000 Suffolk County IDA (Dowling College) 6.625 06/01/2024 2,542,210 - ------------------------------------------------------------------------------------------------------------------------------------ 3,240,000 Suffolk County IDA (Dowling College) 6.700 12/01/2020 3,290,544 - ------------------------------------------------------------------------------------------------------------------------------------ 1,835,000 Suffolk County IDA (Family Residences) 6.000 12/01/2019 1,866,489 - ------------------------------------------------------------------------------------------------------------------------------------ 1,345,000 Suffolk County IDA (Family Services League) 5.000 11/01/2027 1,387,072 - ------------------------------------------------------------------------------------------------------------------------------------
21 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 830,000 Suffolk County IDA (Family Services League) 5.000% 11/01/2034 $ 850,750 - ------------------------------------------------------------------------------------------------------------------------------------ 160,000 Suffolk County IDA (Federation of Organizations) 7.625 04/01/2010 166,061 - ------------------------------------------------------------------------------------------------------------------------------------ 2,195,000 Suffolk County IDA (Federation of Organizations) 8.125 04/01/2030 2,301,567 - ------------------------------------------------------------------------------------------------------------------------------------ 2,600,000 Suffolk County IDA (Gurwin Jewish-Phase II) 6.700 05/01/2039 2,787,070 - ------------------------------------------------------------------------------------------------------------------------------------ 3,860,000 Suffolk County IDA (Huntington First Aid Squad) 6.650 11/01/2017 4,012,624 - ------------------------------------------------------------------------------------------------------------------------------------ 285,000 Suffolk County IDA (Independent Group Home Living) 6.000 12/01/2019 289,891 - ------------------------------------------------------------------------------------------------------------------------------------ 1,460,000 Suffolk County IDA (Independent Group Home Living) 6.000 10/01/2020 1,467,110 - ------------------------------------------------------------------------------------------------------------------------------------ 6,700,000 Suffolk County IDA (Jefferson's Ferry) 7.200 11/01/2019 7,238,345 - ------------------------------------------------------------------------------------------------------------------------------------ 10,000,000 Suffolk County IDA (Jefferson's Ferry) 7.250 11/01/2028 10,793,300 - ------------------------------------------------------------------------------------------------------------------------------------ 13,760,000 Suffolk County IDA (Keyspan-Port Jefferson Center) 5.250 06/01/2027 14,193,990 - ------------------------------------------------------------------------------------------------------------------------------------ 4,065,000 Suffolk County IDA (L.I. Network Community Services) 7.550 02/01/2034 4,223,372 - ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 Suffolk County IDA (Medford Hamlet Assisted Living) 6.375 01/01/2039 8,027,200 - ------------------------------------------------------------------------------------------------------------------------------------ 1,865,000 Suffolk County IDA (Nassau-Suffolk Services for Autism) 6 6.750 11/01/2036 1,867,425 - ------------------------------------------------------------------------------------------------------------------------------------ 635,000 Suffolk County IDA (Nassau-Suffolk Services for Autism) 6 6.750 11/01/2036 635,121 - ------------------------------------------------------------------------------------------------------------------------------------ 3,225,000 Suffolk County IDA (New Interdisciplinary School) 6.750 12/01/2019 3,294,660 - ------------------------------------------------------------------------------------------------------------------------------------ 845,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 4.875 01/01/2008 840,631 - ------------------------------------------------------------------------------------------------------------------------------------ 8,750,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 5.300 01/01/2013 8,318,713 - ------------------------------------------------------------------------------------------------------------------------------------ 18,825,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 5.500 01/01/2023 17,489,743 - ------------------------------------------------------------------------------------------------------------------------------------ 680,000 Suffolk County IDA (OBPWC) 7.500 11/01/2022 680,367 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Suffolk County IDA (Peconic Landing Retirement Home) 8.000 10/01/2020 1,120,090 - ------------------------------------------------------------------------------------------------------------------------------------ 2,850,000 Suffolk County IDA (Peconic Landing Retirement Home) 8.000 10/01/2030 3,171,680 - ------------------------------------------------------------------------------------------------------------------------------------ 4,800,000 Suffolk County IDA (Pederson-Krager Center) 7.200 02/01/2035 4,894,320 - ------------------------------------------------------------------------------------------------------------------------------------ 185,000 Suffolk County IDA (Pederson-Krager Center) 7.625 04/01/2010 196,433 - ------------------------------------------------------------------------------------------------------------------------------------ 2,545,000 Suffolk County IDA (Pederson-Krager Center) 8.125 04/01/2030 2,709,840 - ------------------------------------------------------------------------------------------------------------------------------------ 1,400,000 Suffolk County IDA (Rimland Facilities) 1 4.875 8 12/01/2009 1,387,540 - ------------------------------------------------------------------------------------------------------------------------------------ 550,000 Suffolk County IDA (Suffolk Hotels) 6.000 10/01/2020 552,679 - ------------------------------------------------------------------------------------------------------------------------------------ 2,245,000 Suffolk County IDA (United Cerebral Palsy Assoc.) 6.000 12/01/2019 2,283,524 - ------------------------------------------------------------------------------------------------------------------------------------ 5,635,000 Suffolk County IDA (United Cerebral Palsy Assoc.) 7.875 09/01/2041 5,854,483 - ------------------------------------------------------------------------------------------------------------------------------------ 1,620,000 Suffolk County IDA (Windmill Village) 5.700 12/01/2026 1,709,780 - ------------------------------------------------------------------------------------------------------------------------------------ 1,305,000 Suffolk County IDA (Windmill Village) 5.750 12/01/2031 1,379,881 - ------------------------------------------------------------------------------------------------------------------------------------ 825,000 Suffolk County IDA (Wireless Boulevard Realty) 7.875 12/01/2012 859,238 - ------------------------------------------------------------------------------------------------------------------------------------ 4,005,000 Suffolk County IDA (Wireless Boulevard Realty) 8.625 12/01/2026 4,179,898 - ------------------------------------------------------------------------------------------------------------------------------------ 1,020,000 Suffolk County IDA (WORCA) 6.000 10/01/2020 1,024,967 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 Suffolk County Water Authority 5.125 06/01/2026 52,454 - ------------------------------------------------------------------------------------------------------------------------------------ 4,700,000 Sullivan County IDA (Center for Discovery) 6.950 02/01/2035 4,706,721 - ------------------------------------------------------------------------------------------------------------------------------------ 2,225,000 Sullivan County IDA (Center for Discovery) 7.250 02/01/2012 2,341,902 - ------------------------------------------------------------------------------------------------------------------------------------ 9,965,000 Sullivan County IDA (Center for Discovery) 7.750 02/01/2027 10,492,447 - ------------------------------------------------------------------------------------------------------------------------------------ 8,655,000 Sullivan County IDA (SCCC Dorm Corp. Civic Facility) 7.250 06/01/2027 8,554,775 - ------------------------------------------------------------------------------------------------------------------------------------
22 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 255,000 Syracuse Hsg. Authority (Loretto Sedgwick Heights Corp.) 7.375% 11/01/2008 $ 251,948 - ------------------------------------------------------------------------------------------------------------------------------------ 6,995,000 Syracuse Hsg. Authority (Loretto Sedgwick Heights Corp.) 8.500 11/01/2031 6,944,076 - ------------------------------------------------------------------------------------------------------------------------------------ 6,590,000 Syracuse Hsg. Authority (LRRHCF) 5.800 08/01/2037 6,906,188 - ------------------------------------------------------------------------------------------------------------------------------------ 245,000 Syracuse Hsg. Authority (LRRHCF) 7.500 08/01/2010 247,308 - ------------------------------------------------------------------------------------------------------------------------------------ 2,435,000 Syracuse Hsg. Authority (Pavilion on James) 7.500 11/01/2042 2,315,929 - ------------------------------------------------------------------------------------------------------------------------------------ 145,000 Syracuse IDA (Anoplate Corp.) 7.250 11/01/2007 148,548 - ------------------------------------------------------------------------------------------------------------------------------------ 2,195,000 Syracuse IDA (Anoplate Corp.) 8.000 11/01/2022 2,306,682 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Syracuse IDA (Crouse Irving Health Hospital) 5.375 01/01/2023 757,670 - ------------------------------------------------------------------------------------------------------------------------------------ 16,760,000 Syracuse IDA (James Square) 7.200 2 08/01/2025 4,498,552 - ------------------------------------------------------------------------------------------------------------------------------------ 725,000 Syracuse IDA (Jewish Home of Central NY) 7.375 03/01/2021 779,013 - ------------------------------------------------------------------------------------------------------------------------------------ 2,050,000 Syracuse IDA (Jewish Home of Central NY) 7.375 03/01/2031 2,193,664 - ------------------------------------------------------------------------------------------------------------------------------------ 75,000 Taconic Hills Central School District at Craryville 5.000 06/15/2026 77,477 - ------------------------------------------------------------------------------------------------------------------------------------ 7,500,000 Tobacco Settlement Financing Corp. (TASC) 5.500 06/01/2019 8,109,600 - ------------------------------------------------------------------------------------------------------------------------------------ 13,825,000 Tobacco Settlement Financing Corp. (TASC) 5.500 06/01/2021 14,913,166 - ------------------------------------------------------------------------------------------------------------------------------------ 13,555,000 Tobacco Settlement Financing Corp. (TASC) 5.500 06/01/2022 14,621,914 - ------------------------------------------------------------------------------------------------------------------------------------ 3,750,000 Tompkins County IDA (Ithacare Center) 6.200 02/01/2037 3,894,900 - ------------------------------------------------------------------------------------------------------------------------------------ 40,000 Tompkins Health Care Corp. (Reconstruction Home) 10.800 02/01/2007 41,268 - ------------------------------------------------------------------------------------------------------------------------------------ 60,000 Tompkins Health Care Corp. (Reconstruction Home) 10.800 02/01/2028 66,571 - ------------------------------------------------------------------------------------------------------------------------------------ 555,000 Tonawanda Senior Citizen Hsg. Corp. 6.500 12/01/2010 562,287 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Triborough Bridge & Tunnel Authority 5.000 01/01/2032 25,594 - ------------------------------------------------------------------------------------------------------------------------------------ 8,265,000 Triborough Bridge & Tunnel Authority RITES 8.089 3 01/01/2027 9,134,147 - ------------------------------------------------------------------------------------------------------------------------------------ 4,190,000 Triborough Bridge & Tunnel Authority RITES 8.089 3 01/01/2032 4,656,263 - ------------------------------------------------------------------------------------------------------------------------------------ 57,750,000 TSASC, Inc. (TFABs) RITES 5.973 3 06/01/2034 54,596,273 - ------------------------------------------------------------------------------------------------------------------------------------ 66,670,000 TSASC, Inc. (TFABs) RITES 6.520 3 06/01/2042 61,205,060 - ------------------------------------------------------------------------------------------------------------------------------------ 6,560,000 TSASC, Inc. (TFABs) RITES 6.520 3 06/01/2042 6,022,277 - ------------------------------------------------------------------------------------------------------------------------------------ 33,750,000 TSASC, Inc. (TFABs) ROLs 9 6.962 3 06/01/2042 31,905,563 - ------------------------------------------------------------------------------------------------------------------------------------ 995,000 UCP/HCA of Chemung County 6.600 08/01/2022 1,033,696 - ------------------------------------------------------------------------------------------------------------------------------------ 2,175,000 Ulser County Tobacco Asset Securitization Corp. 1 6.250 06/01/2025 2,324,357 - ------------------------------------------------------------------------------------------------------------------------------------ 1,805,000 Ulster County IDA (Brooklyn Bottling) 8.600 06/30/2022 1,813,195 - ------------------------------------------------------------------------------------------------------------------------------------ 4,000,000 Ulster County IDA (Kingston Hospital) 5.650 11/15/2024 4,149,160 - ------------------------------------------------------------------------------------------------------------------------------------ 1,465,000 Ulster County IDA (Mid-Hudson Family Health Services) 5.350 07/01/2023 1,508,159 - ------------------------------------------------------------------------------------------------------------------------------------ 3,005,000 Ulster County Tobacco Asset Securitization Corp. 0.000 7 06/01/2040 2,425,245 - ------------------------------------------------------------------------------------------------------------------------------------ 2,815,000 Ulster County Tobacco Asset Securitization Corp. 6.000 06/01/2040 2,954,202 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 United Nations Devel. Corp., Series A 5.250 07/01/2026 2,043,940 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 Upper Mohawk Valley Regional Water Finance Authority 5.125 10/01/2026 25,733 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Utica GO 6.100 01/15/2013 533,440 - ------------------------------------------------------------------------------------------------------------------------------------ 3,550,000 Utica IDA (Utica College Civic Facility) 6.850 12/01/2031 3,720,684 - ------------------------------------------------------------------------------------------------------------------------------------ 340,000 Watervliet Hsg. Authority (Colonie Senior Service Center) 5.875 06/01/2018 324,068 - ------------------------------------------------------------------------------------------------------------------------------------ 10,800,000 Watervliet Hsg. Authority (Colonie Senior Service Center) 6.125 06/01/2038 9,936,756 - ------------------------------------------------------------------------------------------------------------------------------------ 2,590,000 Wayne County IDA (ARC) 8.375 03/01/2018 2,594,248 - ------------------------------------------------------------------------------------------------------------------------------------ 300,000 Westchester County Healthcare Corp., Series A 5.875 11/01/2025 302,316 - ------------------------------------------------------------------------------------------------------------------------------------ 7,165,000 Westchester County IDA (Ardsley Hsg.) 7.900 11/01/2044 7,091,201 - ------------------------------------------------------------------------------------------------------------------------------------
23 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 3,135,000 Westchester County IDA (Ardsley Hsg.) 7.900% 11/01/2044 $ 3,102,710 - ------------------------------------------------------------------------------------------------------------------------------------ 6,310,000 Westchester County IDA (Ardsley Hsg.) 7.900 11/01/2044 6,245,007 - ------------------------------------------------------------------------------------------------------------------------------------ 3,580,000 Westchester County IDA (Ardsley Hsg.) 7.900 11/01/2044 3,543,233 - ------------------------------------------------------------------------------------------------------------------------------------ 8,440,000 Westchester County IDA (Ardsley Hsg.) 7.900 11/01/2044 8,353,321 - ------------------------------------------------------------------------------------------------------------------------------------ 8,085,000 Westchester County IDA (Ardsley Hsg.) 7.900 11/01/2044 8,001,725 - ------------------------------------------------------------------------------------------------------------------------------------ 6,270,000 Westchester County IDA (Ardsley Hsg.) 7.900 11/01/2044 6,205,419 - ------------------------------------------------------------------------------------------------------------------------------------ 6,835,000 Westchester County IDA (Ardsley Hsg.) 7.900 11/01/2044 6,764,600 - ------------------------------------------------------------------------------------------------------------------------------------ 1,870,000 Westchester County IDA (Beth Abraham Hospital) 8.375 12/01/2025 1,932,047 - ------------------------------------------------------------------------------------------------------------------------------------ 90,000 Westchester County IDA (Children's Village) 5.375 03/15/2019 91,542 - ------------------------------------------------------------------------------------------------------------------------------------ 4,450,000 Westchester County IDA (Children's Village) 6.000 06/01/2022 4,600,321 - ------------------------------------------------------------------------------------------------------------------------------------ 1,215,000 Westchester County IDA (Clearview School) 7.250 01/01/2035 1,238,316 - ------------------------------------------------------------------------------------------------------------------------------------ 1,300,000 Westchester County IDA (Guiding Eyes for the Blind) 5.375 08/01/2024 1,341,522 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 Westchester County IDA (Hebrew Hospital Senior Hsg.) 7.375 07/01/2030 2,156,200 - ------------------------------------------------------------------------------------------------------------------------------------ 1,560,000 Westchester County IDA (JDAM) 6.750 04/01/2016 1,603,914 - ------------------------------------------------------------------------------------------------------------------------------------ 3,315,000 Westchester County IDA (Lawrence Hospital) 5.000 01/01/2028 3,319,608 - ------------------------------------------------------------------------------------------------------------------------------------ 800,000 Westchester County IDA (Lawrence Hospital) 5.125 01/01/2018 814,120 - ------------------------------------------------------------------------------------------------------------------------------------ 1,275,000 Westchester County IDA (Living Independently for the Elderly) 5.375 08/20/2021 1,357,569 - ------------------------------------------------------------------------------------------------------------------------------------ 3,035,000 Westchester County IDA (Living Independently for the Elderly) 5.400 08/20/2032 3,209,361 - ------------------------------------------------------------------------------------------------------------------------------------ 1,610,000 Westchester County IDA (Rippowam-Cisqua School) 5.750 06/01/2029 1,656,143 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Westchester County IDA (Schnurmacher Center) 6.500 11/01/2013 1,059,410 - ------------------------------------------------------------------------------------------------------------------------------------ 1,710,000 Westchester County IDA (Schnurmacher Center) 6.500 11/01/2033 1,810,411 - ------------------------------------------------------------------------------------------------------------------------------------ 130,000 Westchester County IDA (Westchester Airport Assoc.) 5.950 08/01/2024 130,798 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 Westchester County IDA (Westhab Community Revitalization) 4.850 06/01/2032 1,923,880 - ------------------------------------------------------------------------------------------------------------------------------------ 2,590,000 Westchester County IDA (Winward School) 5.250 10/01/2031 2,683,085 - ------------------------------------------------------------------------------------------------------------------------------------ 76,375,000 Westchester County Tobacco Asset Securitization Corp. 0.000 7 07/15/2039 79,281,833 - ------------------------------------------------------------------------------------------------------------------------------------ 4,250,000 Westchester County Tobacco Asset Securitization Corp. 5.826 3 06/01/2038 4,052,970 - ------------------------------------------------------------------------------------------------------------------------------------ 21,325,000 Westchester County Tobacco Asset Securitization Corp. RITES 4 5.826 3 06/01/2038 20,336,373 - ------------------------------------------------------------------------------------------------------------------------------------ 675,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.826 3 06/01/2038 643,707 - ------------------------------------------------------------------------------------------------------------------------------------ 6,325,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.826 3 06/01/2045 5,950,117 - ------------------------------------------------------------------------------------------------------------------------------------ 13,340,000 Westchester County Tobacco Asset Securitization Corp. RITES 7.447 3 06/01/2045 12,154,074 - ------------------------------------------------------------------------------------------------------------------------------------ 1,400,000 Yates County IDA (Keuka College) 8.750 08/01/2015 1,524,096 - ------------------------------------------------------------------------------------------------------------------------------------ 3,750,000 Yates County IDA (SSMH) 5.650 02/01/2039 3,980,925 - ------------------------------------------------------------------------------------------------------------------------------------ 6,000,000 Yonkers GO 5.000 08/01/2030 6,261,120 - ------------------------------------------------------------------------------------------------------------------------------------ 4,500,000 Yonkers GO 5.000 08/01/2035 4,678,380 - ------------------------------------------------------------------------------------------------------------------------------------ 4,685,000 Yonkers IDA (Hudson Scenic Studio) 6.625 11/01/2019 4,799,408 - ------------------------------------------------------------------------------------------------------------------------------------ 4,445,000 Yonkers IDA (Monastery Manor Associates) 5.250 04/01/2037 4,623,733 - ------------------------------------------------------------------------------------------------------------------------------------ 1,590,000 Yonkers IDA (Philipsburgh Hall Associates) 7.500 11/01/2030 1,580,142 - ------------------------------------------------------------------------------------------------------------------------------------ 2,515,000 Yonkers IDA (St. John's Riverside Hospital) 7.125 07/01/2031 2,621,032 - ------------------------------------------------------------------------------------------------------------------------------------ 1,700,000 Yonkers IDA (St. Joseph's Hospital) 5.900 03/01/2008 1,696,906 - ------------------------------------------------------------------------------------------------------------------------------------
24 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ New York Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 2,810,000 Yonkers IDA (St. Joseph's Hospital) 8.500% 12/30/2013 $ 2,836,414 - ------------------------------------------------------------------------------------------------------------------------------------ 3,225,000 Yonkers IDA (Westchester School) 8.750 12/30/2023 3,325,330 - ------------------------------------------------------------------------------------------------------------------------------------ 800,000 Yonkers Parking Authority 6.000 06/15/2018 838,248 - ------------------------------------------------------------------------------------------------------------------------------------ 1,215,000 Yonkers Parking Authority 6.000 06/15/2024 1,255,921 -------------- 7,038,482,661 - ------------------------------------------------------------------------------------------------------------------------------------ Other States--0.1% 5,000,000 NJ EDA (Continental Airlines) 6.400 09/15/2023 5,006,600 - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Possessions--14.3% 2,995,000 Guam EDA (Harmon Village Apartments) 5 9.375 11/01/2018 -- - ------------------------------------------------------------------------------------------------------------------------------------ 2,435,000 Guam EDA (Royal Socio Apartments) 5 9.500 11/01/2018 1,211,291 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Guam Government Waterworks Authority & Wastewater System 5.875 07/01/2035 3,157,050 - ------------------------------------------------------------------------------------------------------------------------------------ 290,000 Guam Power Authority, Series A 5.250 10/01/2023 285,598 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000,000 Guam Power Authority, Series A 5.250 10/01/2034 19,104,800 - ------------------------------------------------------------------------------------------------------------------------------------ 18,595,000 Northern Mariana Islands Ports Authority, Series A 6.600 03/15/2028 20,688,053 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Northern Mariana Islands, Series A 6.000 06/01/2020 1,054,210 - ------------------------------------------------------------------------------------------------------------------------------------ 7,695,000 Northern Mariana Islands, Series A 6.250 03/15/2028 8,018,498 - ------------------------------------------------------------------------------------------------------------------------------------ 10,000,000 Northern Mariana Islands, Series A 7.375 06/01/2030 10,974,900 - ------------------------------------------------------------------------------------------------------------------------------------ 17,000,000 Puerto Rico Children's Trust Fund (TASC) 6.380 2 05/15/2050 1,105,850 - ------------------------------------------------------------------------------------------------------------------------------------ 14,000,000 Puerto Rico Commonwealth GO 5.000 07/01/2027 14,220,080 - ------------------------------------------------------------------------------------------------------------------------------------ 16,880,000 Puerto Rico Commonwealth GO 5.000 07/01/2029 17,152,443 - ------------------------------------------------------------------------------------------------------------------------------------ 48,655,000 Puerto Rico Commonwealth GO 5.000 07/01/2033 49,122,575 - ------------------------------------------------------------------------------------------------------------------------------------ 39,800,000 Puerto Rico Commonwealth GO 5.000 07/01/2034 40,212,328 - ------------------------------------------------------------------------------------------------------------------------------------ 5,605,000 Puerto Rico Commonwealth GO 5.125 07/01/2031 5,693,447 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Puerto Rico Commonwealth GO 5.250 07/01/2019 5,283,950 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Puerto Rico Commonwealth GO 5.250 07/01/2021 5,251,500 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Puerto Rico Commonwealth GO 5.250 07/01/2024 5,235,750 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 Puerto Rico Electric Power Authority 5.250 07/01/2029 52,898 - ------------------------------------------------------------------------------------------------------------------------------------ 70,000 Puerto Rico Electric Power Authority, Series II 5.125 07/01/2026 73,783 - ------------------------------------------------------------------------------------------------------------------------------------ 30,000 Puerto Rico Electric Power Authority, Series NN 5.125 07/01/2029 31,092 - ------------------------------------------------------------------------------------------------------------------------------------ 750,000 Puerto Rico HBFA 6.250 04/01/2029 758,438 - ------------------------------------------------------------------------------------------------------------------------------------ 85,000 Puerto Rico HFC 5.100 12/01/2018 86,142 - ------------------------------------------------------------------------------------------------------------------------------------ 1,925,000 Puerto Rico HFC 5.500 12/01/2023 2,005,985 - ------------------------------------------------------------------------------------------------------------------------------------ 40,000 Puerto Rico HFC 7.500 10/01/2015 40,064 - ------------------------------------------------------------------------------------------------------------------------------------ 1,125,000 Puerto Rico HFC 7.500 04/01/2022 1,133,899 - ------------------------------------------------------------------------------------------------------------------------------------ 9,195,000 Puerto Rico Highway & Transportation Authority 5.000 07/01/2028 9,328,328 - ------------------------------------------------------------------------------------------------------------------------------------ 2,105,000 Puerto Rico Highway & Transportation Authority, Series AA 5.000 07/01/2035 2,123,945 - ------------------------------------------------------------------------------------------------------------------------------------ 16,895,000 Puerto Rico Highway & Transportation Authority, Series G 5.000 07/01/2033 17,088,279 - ------------------------------------------------------------------------------------------------------------------------------------ 87,005,000 Puerto Rico Highway & Transportation Authority, Series G 5.000 07/01/2042 87,629,696 - ------------------------------------------------------------------------------------------------------------------------------------ 165,000 Puerto Rico Highway & Transportation Authority, Series J 5.000 07/01/2034 166,709 - ------------------------------------------------------------------------------------------------------------------------------------ 16,750,000 Puerto Rico Highway & Transportation Authority, Series J 5.125 07/01/2039 17,064,565 - ------------------------------------------------------------------------------------------------------------------------------------ 28,060,000 Puerto Rico Highway & Transportation Authority, Series J 6 5.125 07/01/2043 28,556,381 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2023 5,133,800 - ------------------------------------------------------------------------------------------------------------------------------------
25 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Possessions Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 10,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000% 07/01/2025 $ 10,229,800 - ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2026 8,183,840 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2027 3,062,160 - ------------------------------------------------------------------------------------------------------------------------------------ 51,225,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2035 51,788,475 - ------------------------------------------------------------------------------------------------------------------------------------ 17,795,000 Puerto Rico Highway & Transportation Authority, Series K 4 5.000 07/01/2040 17,951,062 - ------------------------------------------------------------------------------------------------------------------------------------ 86,440,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2045 87,179,062 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Puerto Rico Infrastructure 5.000 07/01/2037 5,055,000 - ------------------------------------------------------------------------------------------------------------------------------------ 152,000,000 Puerto Rico Infrastructure 5.000 07/01/2041 153,333,040 - ------------------------------------------------------------------------------------------------------------------------------------ 1,080,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 02/01/2019 1,105,920 - ------------------------------------------------------------------------------------------------------------------------------------ 1,575,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 12/01/2021 1,632,409 - ------------------------------------------------------------------------------------------------------------------------------------ 5,750,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 02/01/2029 5,851,028 - ------------------------------------------------------------------------------------------------------------------------------------ 6,315,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.500 12/01/2031 6,525,732 - ------------------------------------------------------------------------------------------------------------------------------------ 42,400,000 Puerto Rico ITEMECF (Cogeneration Facilities) 6.625 06/01/2026 46,497,960 - ------------------------------------------------------------------------------------------------------------------------------------ 3,160,000 Puerto Rico ITEMECF (Mennonite General Hospital) 5.625 07/01/2017 2,950,966 - ------------------------------------------------------------------------------------------------------------------------------------ 985,000 Puerto Rico ITEMECF (Mennonite General Hospital) 5.625 07/01/2027 880,117 - ------------------------------------------------------------------------------------------------------------------------------------ 8,745,000 Puerto Rico ITEMECF (Mennonite General Hospital) 6.500 07/01/2018 8,751,122 - ------------------------------------------------------------------------------------------------------------------------------------ 12,380,000 Puerto Rico ITEMECF (Mennonite General Hospital) 6.500 07/01/2026 12,295,816 - ------------------------------------------------------------------------------------------------------------------------------------ 615,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.400 05/01/2009 615,246 - ------------------------------------------------------------------------------------------------------------------------------------ 2,450,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.600 05/01/2014 2,450,000 - ------------------------------------------------------------------------------------------------------------------------------------ 5,250,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.700 05/01/2024 5,250,525 - ------------------------------------------------------------------------------------------------------------------------------------ 7,000,000 Puerto Rico ITEMECF (San Lucas & Cristo Redentor Hospitals) 5.750 06/01/2029 5,760,930 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Puerto Rico ITEMECF (University of the Sacred Heart) 5.250 09/01/2021 513,115 - ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 Puerto Rico ITEMECF (University of the Sacred Heart) 5.250 09/01/2031 8,148,560 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Puerto Rico Municipal Finance Agency, Series A 5.250 08/01/2024 5,255,650 - ------------------------------------------------------------------------------------------------------------------------------------ 1,500,000 Puerto Rico Municipal Finance Agency, Series A 5.250 08/01/2025 1,572,060 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Puerto Rico Port Authority (American Airlines), Series A 6.250 06/01/2026 914,460 - ------------------------------------------------------------------------------------------------------------------------------------ 12,470,000 Puerto Rico Port Authority (American Airlines), Series A 6.300 06/01/2023 11,545,724 - ------------------------------------------------------------------------------------------------------------------------------------ 85,715,000 Puerto Rico Public Buildings Authority 5.000 07/01/2036 86,573,864 - ------------------------------------------------------------------------------------------------------------------------------------ 57,935,000 Puerto Rico Public Buildings Authority 5.250 07/01/2033 60,451,117 - ------------------------------------------------------------------------------------------------------------------------------------ 120,000 Puerto Rico Public Buildings Authority 5.375 07/01/2033 125,258 - ------------------------------------------------------------------------------------------------------------------------------------ 47,020,000 Puerto Rico Public Finance Corp., Series E 5.500 08/01/2029 49,595,756 - ------------------------------------------------------------------------------------------------------------------------------------ 9,230,000 University of V.I. , Series A 5.375 06/01/2034 9,615,999 - ------------------------------------------------------------------------------------------------------------------------------------ 2,040,000 University of V.I. , Series A 6.250 12/01/2029 2,198,610 - ------------------------------------------------------------------------------------------------------------------------------------ 1,250,000 V.I. Government Refinery Facilities (Hovensa Coker) 6.500 07/01/2021 1,411,088 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 V.I. Hsg. Finance Authority, Series A 6.450 03/01/2016 25,243 - ------------------------------------------------------------------------------------------------------------------------------------ 18,720,000 V.I. Public Finance Authority (Gross Receipts Taxes Loan) 5.000 10/01/2031 18,985,262 - ------------------------------------------------------------------------------------------------------------------------------------ 550,000 V.I. Public Finance Authority (Gross Receipts Taxes Loan) 5.000 10/01/2033 566,115 - ------------------------------------------------------------------------------------------------------------------------------------ 27,733,000 V.I. Public Finance Authority (Hovensa Coker) 6.500 07/01/2021 31,306,952 - ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 V.I. Public Finance Authority (Hovensa Refinery) 6.125 07/01/2022 8,817,280 - ------------------------------------------------------------------------------------------------------------------------------------
26 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - --------------------------------------------------------------------------------
Principal Amount Coupon Maturity Value - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Possessions Continued - ------------------------------------------------------------------------------------------------------------------------------------ $ 11,700,000 V.I. Public Finance Authority (Hovensa) 5.875% 07/01/2022 $ 12,755,457 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 V.I. Public Finance Authority, Series A 5.250 10/01/2023 1,059,370 - ------------------------------------------------------------------------------------------------------------------------------------ 750,000 V.I. Public Finance Authority, Series A 5.250 10/01/2024 793,988 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 V.I. Public Finance Authority, Series A 5.500 10/01/2018 1,037,100 - ------------------------------------------------------------------------------------------------------------------------------------ 16,220,000 V.I. Public Finance Authority, Series A 5.500 10/01/2022 16,808,948 - ------------------------------------------------------------------------------------------------------------------------------------ 7,500,000 V.I. Public Finance Authority, Series A 5.625 10/01/2025 7,801,500 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 V.I. Public Finance Authority, Series A 5.625 10/01/2025 51,914 - ------------------------------------------------------------------------------------------------------------------------------------ 3,830,000 V.I. Public Finance Authority, Series E 6.000 10/01/2022 4,013,036 - ------------------------------------------------------------------------------------------------------------------------------------ 1,575,000 V.I. Water & Power Authority 5.300 07/01/2018 1,601,744 - ------------------------------------------------------------------------------------------------------------------------------------ 3,515,000 V.I. Water & Power Authority 5.300 07/01/2021 3,547,795 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 V.I. Water & Power Authority 5.500 07/01/2017 2,577,500 -------------- 1,166,067,002 - ------------------------------------------------------------------------------------------------------------------------------------ Total Investments, at Value (Cost $7,936,589,089) 100.5% 8,209,556,263 - ------------------------------------------------------------------------------------------------------------------------------------ Liabilities in Excess of Other Assets (0.5) (37,044,250) ----------------- Net Assets 100.0% $ 8,172,512,013 =================
Footnotes to Statement of Investments 1. Illiquid security. The aggregate value of illiquid securities as of March 31, 2006 was $48,751,955, which represents 0.60% of the Fund's net assets. See accompanying Notes. 2. Zero coupon bond reflects effective yield on the date of purchase. 3. Represents the current interest rate for a variable rate bond known as an "inverse floater." See accompanying Notes. 4. All or a portion of the security has been segregated for collateral to cover borrowings. See accompanying Notes. 5. Issue is in default. Non-income producing. See accompanying Notes. 6. When-issued security or forward commitment to be delivered and settled after March 31, 2006. See accompanying Notes. 7. Denotes a step bond: a zero coupon bond that converts to a fixed or variable interest rate at a designated future date. 8. Represents the current interest rate for a variable or increasing rate security. 9. Security is subject to a shortfall and forebearance agreement. See accompanying Notes. TO SIMPLIFY THE LISTINGS OF SECURITIES, ABBREVIATIONS ARE USED PER THE TABLE BELOW: ACDS Association for Children with Down Syndrome ACLD Adults and Children with Learning and Developmental Disabilities ADD Aid to the Developmentally Disabled ALIA Alliance of Long Island Agencies ARC Association of Retarded Citizens ASMF Amsterdam Sludge Management Facility CCSSVD Central Council of the Society of St. Vincent dePaul CFGA Child and Family Guidance Association CHSLI Catholic Health Services of Long Island CNGCS Central Nassau Guidance and Counseling Services COP Certificates of Participation CSMR Community Services for the Mentally Retarded DA Dormitory Authority DDI Developmental Disabilities Institute DIAMONDS Direct Investment of Accrued Municipals DRIVERS Derivative Inverse Tax Exempt Receipts EDA Economic Development Authority EFC Environmental Facilities Corp. ERDA Energy Research and Development Authority FREE Family Residences and Essential Enterprises GJSR Gurwin Jewish Senior Residences GO General Obligation GSHMC Good Samaritan Hospital Medical Center HBFA Housing Bank and Finance Agency 27 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - -------------------------------------------------------------------------------- HDC Housing Development Corp. HFA Housing Finance Agency/Authority HFC Housing Finance Corp. HH Harmony Heights, Inc. HHS Harmony Heights School HJDOI Hospital for Joint Diseases Orthopedic Institute IDA Industrial Development Agency IGHL Independent Group Home for Living ITEMECF Industrial, Tourist, Educational, Medical and Environmental Community Facilities JCC Jewish Community Center JDAM Julia Dyckman Andrus Memorial JFK John Fitzgerald Kennedy L.I. Long Island LGSC Local Government Services Corporation LILCO Long Island Lighting Corporation LRRHCF Loretto Rest Residential Health Care Facility LVH Little Village House MCH Maryhaven Center of Hope MMC Mercy Medical Center MSH/NYU Mount Sinai Hospital/New York University MTA Metropolitan Transportation Authority NH&HC Nursing Home and Health Care NIMO Niagara Mohawk Power Corporation NJ New Jersey NY/NJ New York/New Jersey NYC New York City NYS New York State NYU New York University OBPWC Ocean Bay Park Water Corporation P-Floats Puttable Floats PSCH Professional Service Centers for the Handicapped, Inc. RG&E Rochester Gas and Electric RIBS Residual Interest Bonds RITES Residual Interest Tax Exempt Security ROLs Residual Option Longs Res Rec Resource Recovery Facility SCCC Sullivan County Community College SCHRC St. Charles Hospital and Rehabilitation Center SCSB Schuyler Community Services Board SCSMC St. Catherine of Sienna Medical Center SFH St. Francis Hospital SLCD School for Language and Communication Development SMCFS St. Mary's Children and Family Services SONYMA State of New York Mortgage Agency SSMH Soldiers and Sailors Memorial Hospital SUNY State University of New York SV Sienna Village TASC Tobacco Settlement Asset-Backed Bonds TFABs Tobacco Flexible Amortization Bonds UBF University of Buffalo Foundation UCP/HCA United Cerebral Palsy and Handicapped Children's Association UCPAGS United Cerebral Palsy Association of Greater Suffolk UDC Urban Development Corp. V.I. United States Virgin Islands WWH Wyandach/Wheatley Heights YMCA Young Men's Christian Association 28 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - -------------------------------------------------------------------------------- INDUSTRY CONCENTRATION DISTRIBUTION OF INVESTMENTS BY INDUSTRY OF ISSUE, AS A PERCENTAGE OF TOTAL INVESTMENTS AT VALUE, IS AS FOLLOWS: Industry Value Percent - -------------------------------------------------------------------------------- Tobacco Settlement Payments $ 990,933,530 12.1% Highways/Railways 938,947,451 11.4 Hospital/Health Care 818,905,247 10.0 Electric Utilities 755,638,580 9.2 General Obligation 700,594,520 8.5 Airlines 606,874,117 7.4 Adult Living Facilities 377,080,789 4.6 Marine/Aviation Facilities 368,744,995 4.5 Water Utilities 334,655,892 4.1 Multifamily Housing 315,562,652 3.8 Not-for-Profit Organization 289,463,651 3.5 Higher Education 287,534,336 3.5 Municipal Leases 228,708,499 2.8 Paper, Containers & Packaging 199,396,021 2.4 Special Tax 189,026,404 2.3 Single Family Housing 122,898,460 1.5 Education 121,115,651 1.5 Sales Tax Revenue 108,862,904 1.3 Manufacturing, Non-Durable Goods 102,860,157 1.3 Resource Recovery 99,248,282 1.2 Manufacturing, Durable Goods 79,241,922 1.0 Pollution Control 54,832,472 0.7 Special Assessment 39,688,620 0.5 Parking Fee Revenue 28,128,909 0.3 Gas Utilities 25,209,187 0.3 Hotels, Restaurants & Leisure 17,925,366 0.2 Sewer Utilities 7,477,649 0.1 ------------------------- Total $8,209,556,263 100.0% ========================= FEDERAL TAX. The approximate aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of March 31, 2006 are noted below. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses. Federal tax cost of securities $7,937,470,720 =============== Gross unrealized appreciation $ 336,836,101 Gross unrealized depreciation (64,750,558) --------------- Net unrealized appreciation $ 272,085,543 =============== NOTES TO QUARTERLY STATEMENT OF INVESTMENTS SECURITIES VALUATION. The Fund calculates the net asset value of its shares as of the close of the New York Stock Exchange (the "Exchange"), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Trustees. Securities listed or traded on National Stock Exchanges or other domestic exchanges are valued based on the last sale price of the security traded on that exchange prior to the time when the Fund's assets are valued. Securities traded on NASDAQ are valued based on the closing price provided by NASDAQ prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the closing "bid" and "asked" prices, and if not, at the closing bid price. Securities traded. 29 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - -------------------------------------------------------------------------------- on foreign exchanges are valued based on the last sale price on the principal exchange on which the security is traded, as identified by the portfolio pricing service, prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the official closing price on the principal exchange. Corporate, government and municipal debt instruments having a remaining maturity in excess of sixty days and all mortgage-backed securities will be valued at the mean between the "bid" and "asked" prices. Futures contracts traded on a commodities or futures exchange will be valued at the final settlement price or official closing price on the principal exchange as reported by such principal exchange at its trading session ending at, or most recently prior to, the time when the Fund's assets are valued. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value. Foreign and domestic securities whose values have been materially affected by what the Manager identifies as a significant event occurring before the Fund's assets are valued but after the close of their respective exchanges will be fair valued. Fair value is determined in good faith using consistently applied procedures under the supervision of the Board of Trustees. Short-term "money market type" debt securities with remaining maturities of sixty days or less are valued at amortized cost (which approximates market value). SECURITIES ON A WHEN-ISSUED BASIS OR FORWARD COMMITMENT. Delivery and payment for securities that have been purchased by the Fund on a when-issued basis or forward commitment can take place up to ten days or more after the trade date. Normally the settlement date occurs within six months after the trade date; however, the Fund may, from time to time, purchase securities whose settlement date extends six months or more beyond trade date. During this period, such securities do not earn interest, are subject to market fluctuation and may increase or decrease in value prior to their delivery. The Fund maintains internally designated assets with a market value equal to or greater than the amount of its purchase commitments. The purchase of securities on a when-issued basis or forward commitment may increase the volatility of the Fund's net asset value to the extent the Fund executes such transactions while remaining substantially fully invested. The Fund may also sell securities that it purchased on a when-issued basis or forward commitment prior to settlement of the original purchase. As of March 31, 2006, the Fund had purchased $46,236,501 of securities issued on a when-issued basis or forward commitment. INVERSE FLOATING RATE SECURITIES. The Fund invests in inverse floating rate securities that pay interest at a rate that varies inversely with short-term interest rates. Certain of these securities may be leveraged, whereby the interest rate varies inversely at a multiple of the change in short-term rates. As interest rates rise, inverse floaters produce less current income. The price of such securities is more volatile than comparable fixed rate securities. The Fund will not invest more than 20% of its total assets in inverse floaters. Inverse floaters amount to $772,837,522 as of March 31, 2006. The Fund has entered into so-called shortfall and forbearance agreements with the sponsors of certain inverse floaters held by the Fund. Such agreements commit the Fund to reimburse the sponsor of such inverse floater, upon the termination of the trust issuing the inverse floater, the difference between the liquidation value of the underlying security (which is the basis of the inverse floater) and the principal amount due to the holders of the floating rate security issued in conjunction with the inverse floater. Under the standard terms of an inverse floater, absent such an interest and forbearance agreement, the Fund would not be required to make such a reimbursement. SECURITY CREDIT RISK. The Fund invests in high-yield securities, which may be subject to a greater degree of credit risk, market fluctuations and loss of income and principal, and may be more sensitive to economic conditions than lower-yielding, higher-rated fixed-income securities. The Fund may acquire securities in default, and is not obligated to dispose of securities whose issuers subsequently default. As of March 31, 2006, securities with an aggregate market value of $4,488,842, representing 0.05% of the Fund's net assets, were in default. There are certain risks arising from geographic concentration in any state. Certain revenue or tax related events in a state may impair the ability of certain issuers of municipal securities to pay principal and interest on their obligations. ILLIQUID SECURITIES As of March 31, 2006, investments in securities included issues that are illiquid. A security may be considered illiquid if it lacks a readily available market or if its valuation has not changed for a certain period of time. The Fund will not invest more than 15% of its net assets (determined at the time of purchase and reviewed periodically) in illiquid securities. Securities that are illiquid are marked with the applicable footnote on the Statement of Investments. 30 | Rochester Fund Municipals Rochester Fund Municipals STATEMENT OF INVESTMENTS March 31, 2006 / Unaudited - -------------------------------------------------------------------------------- BORROWINGS The Fund can borrow money from banks in amounts up to 5% of its total assets (including the amount borrowed) less all liabilities and indebtedness other than borrowings to purchase portfolio securities, to meet redemption obligations or for temporary and emergency purposes. The purchase of securities with borrowed funds creates leverage in the Fund. Effective January 21, 2005, the Fund entered into a Revolving Credit and Security Agreement with a conduit lender and a bank which enables it to participate with a certain other Oppenheimer fund in a committed, unsecured borrowing facility that permits borrowings of up to $300 million, collectively. To secure the loan, the Fund pledges investment securities in accordance with the terms of the Agreement. Interest is charged to the Fund, based on its borrowings, at current commercial paper issuance rates (4.6997% as of March 31, 2006). The Fund pays additional fees of 0.30% per annum to the lender on its outstanding borrowings to manage and administer the facility and is allocated its pro-rata share of a 0.13% per annum commitment fee for a liquidity backstop facility with respect to the $300 million facility size. 31 | Rochester Fund Municipals ITEM 2. CONTROLS AND PROCEDURES. (a) Based on their evaluation of the registrant's disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of March 31, 2006, the registrant's principal executive officer and principal financial officer found the registrant's disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by the registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to the registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. (b) There have been no significant changes in the registrant's internal controls over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. Exhibits attached hereto. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Rochester Fund Municipals By: /s/ John V. Murphy ---------------------------- John V. Murphy Principal Executive Officer Date: May 15, 2006 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ John V. Murphy ---------------------------- John V. Murphy Principal Executive Officer Date: May 15, 2006 By: /s/ Brian W. Wixted ---------------------------- Brian W. Wixted Principal Financial Officer Date: May 15, 2006 EX-99.CERT 2 rq365_32011cert302.txt RQ365_32011CERT302 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, John V. Murphy, certify that: 1. I have reviewed this report on Form N-Q of Rochester Fund Municipals; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of Trustees (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ John V. Murphy - ---------------------------- John V. Murphy Principal Executive Officer Date: May 15, 2006 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, Brian W. Wixted, certify that: 1. I have reviewed this report on Form N-Q of Rochester Fund Municipals; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of Trustees (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ Brian W. Wixted - ---------------------------- Brian W. Wixted Principal Financial Officer Date: May 15, 2006 -----END PRIVACY-ENHANCED MESSAGE-----