3 / 5 Stars
4 3 1 3 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 40 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -5.20 percent over the past year, 5.31 percent over the past three years, 8.79 percent over the past five years, and 1.80 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-5.8%|
|3 Years (Annualized)||5.3%|
|5 Years (Annualized)||8.8%|
|10 Years (Annualized)||1.8%|
The investment seeks as high a level of current interest income exempt from federal income taxes as is available from investing in municipal securities, while attempting to preserve capital. The fund invests mainly in municipal securities that pay interest that, in the opinion of counsel to the issuer of each security, is exempt from federal individual income tax. It does not limit investments to securities of a particular maturity range. Most of the securities the fund buys are "investment grade," although it can invest as much as 25% of total assets in below investment-grade securities that are in default.
Fees are High compared to funds in the same category.
Oppenheimer AMT Free Municipals Fund has an expense ratio of 1.51 percent.
Risk is High compared to funds in the same category according to Morningstar.