Oppenheimer Rochester® AMT-Free Municipals Fund

Scorecard
3 / 5 Stars
Lipper
4 4 1 2 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B- (Buy)

U.S. News evaluated 43 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 5.96 percent over the past year, 9.04 percent over the past three years, 10.62 percent over the past five years, and 2.22 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 9.8%
1 Year 6.0%
3 Years (Annualized) 9.0%
5 Years (Annualized) 10.6%
10 Years (Annualized) 2.2%

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Summary

The investment seeks tax-free income. The fund normally attempts to invest 100% of its assets in municipal securities, and as a fundamental policy, it invests at least 80% of its net assets (plus borrowings for investment purposes) in municipal securities. The fund will not invest in municipal securities the interest on which would be subject to the federal "alternative minimum tax" (AMT). It may invest in obligations that pay interest at fixed or variable rates.

Fees

Fees are High compared to funds in the same category.
Oppenheimer Rochester® AMT-Free Municipals Fund has an expense ratio of 1.57 percent.

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Risk

Risk is High compared to funds in the same category according to Morningstar.

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