Oppenheimer Rochester® California Municipal Fund

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

U.S. News evaluated 34 Muni California Long 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 -2.30 percent over the past year, 9.50 percent over the past three years, 12.08 percent over the past five years, and 2.58 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 6.2%
1 Year -2.3%
3 Years (Annualized) 9.5%
5 Years (Annualized) 12.1%
10 Years (Annualized) 2.6%

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Summary

The investment seeks tax-free income. The fund normally seeks to invest 100% of its net assets in municipal securities, and as a fundamental policy, invests at least 80% of its net assets (plus borrowings for investment purposes) in California municipal securities that, in the opinion of counsel to the issuer of the securities, are exempt from federal and California individual income taxes. It can expose up to 20% of its total assets to the effects of leverage from its investments in inverse floaters.

Fees

Fees are High compared to funds in the same category.
Oppenheimer Rochester® California Municipal Fund has an expense ratio of 1.61 percent.

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Risk

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

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