| Scorecard |
|---|
|
2 / 5 Stars
|
|
Lipper
3
2
1
3
5
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
3 / 5 Stars
|
|
TheStreet.com
B
(Buy)
|
#24 in High Yield Muni
U.S. News evaluated 38 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
See all OppenheimerFunds funds
Performance
The fund has returned 12.51 percent over the past year, 10.84 percent over the past three years, 4.44 percent over the past five years, and 3.72 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 2.7% |
| 1 Year | 12.5% |
| 3 Years (Annualized) | 10.8% |
| 5 Years (Annualized) | 4.4% |
| 10 Years (Annualized) | 3.7% |
Summary
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
Fees are Above Average compared to funds in the same category.
Oppenheimer AMT Free Municipals Fund has an expense ratio of 0.77 percent.
Risk
Risk is High compared to funds in the same category according to Morningstar.
