3 / 5 Stars
4 4 1 4 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 41 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 -6.11 percent over the past year, 8.81 percent over the past three years, 11.84 percent over the past five years, and 0.95 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||3.5%|
|3 Years (Annualized)||8.8%|
|5 Years (Annualized)||11.8%|
|10 Years (Annualized)||1.0%|
The investment seeks tax-free income. The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from federal income tax. It intends to invest approximately 50% to 70% of its total assets in these types of securities. The fund may invest in lower-rated and below-investment-grade securities without limit, the fund's investments should be considered speculative.
Fees are High compared to funds in the same category.
Oppenheimer Rochester® High Yield Municipal Fund has an expense ratio of 1.50 percent.
Risk is High compared to funds in the same category according to Morningstar.