Oppenheimer Rochester National Municipals

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

See full High Yield Muni rankings

See more fund rankings

Performance

The fund has returned 13.34 percent over the past year, 9.94 percent over the past three years, 3.99 percent over the past five years, and 4.59 percent over the past decade.

See more ORNYX performance

Summary

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

Fees are Above Average compared to funds in the same category.
Oppenheimer Rochester National Municipals has an expense ratio of 0.49 percent.

See more ORNYX fees

Risk

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

See more ORNYX risk