Oppenheimer Rochester® Minnesota Municipal Fund

Scorecard
5 / 5 Stars
Lipper
5 5 3 3 4
Zacks Investment Research
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Standard & Poor's
3 / 5 Stars
TheStreet.com
A (Buy)

U.S. News evaluated 15 Muni Minnesota 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 7.35 percent over the past year, 6.86 percent over the past three years, and 9.09 percent over the past five years.

Trailing Returns Updated 06.30.2014
Year to date 8.5%
1 Year 7.4%
3 Years (Annualized) 6.9%
5 Years (Annualized) 9.1%
10 Years (Annualized) N/A

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Summary

The investment seeks tax-free income. The fund invests at least 80% of its net assets in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual and, as applicable, the fund's state income tax. It invests at least 80% of its net assets in Minnesota municipal securities. The fund intends to invest its assets so that at least 95% of the exempt-interest dividends that it pays, including any exempt-interest dividends exempt from state taxation under federal law, are derived from Minnesota municipal obligations as required for state tax exemption under Minnesota law.

Fees

Fees are High compared to funds in the same category.
Oppenheimer Rochester® Minnesota Municipal Fund has an expense ratio of 1.55 percent.

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Risk

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

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