3 / 5 Stars
3 3 1 4 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 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 -5.17 percent over the past year, 3.90 percent over the past three years, 9.02 percent over the past five years, and 1.33 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-6.6%|
|3 Years (Annualized)||3.9%|
|5 Years (Annualized)||9.0%|
|10 Years (Annualized)||1.3%|
The investment seeks a high level of current income exempt from federal income taxes by investing in a diversified portfolio of high-yield municipal securities. The fund normally invests 80% of assets in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from federal income tax. Up to 100% of the securities it buys may be high-yield, lower-grade fixed income securities. The fund may invest approximately 50% to 70% of assets in these securities which are those rated below "BBB-" by Standard & Poor's or "Baa3" by Moody's or comparable ratings by other nationally recognized statistical rating organizations.
Fees are High compared to funds in the same category.
Oppenheimer Rochester National Municipals has an expense ratio of 1.50 percent.
Risk is High compared to funds in the same category according to Morningstar.