Oppenheimer Rochester® Short Term Municipal Fund

4 / 5 Stars
5 5 5 1 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
A- (Buy)

#2 in Muni National Short

U.S. News evaluated 50 Muni National Short 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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The fund has returned 2.47 percent over the past year, and 2.62 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 2.4%
1 Year 2.5%
3 Years (Annualized) 2.6%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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The investment seeks tax-free income. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities that pay interest that is, in the opinion of bond counsel to the issuer at the time the security is issued, exempt from federal individual income tax. It invests primarily in municipal bonds, municipal notes and interests in municipal leases and commercial paper issued by the governments of states. The fund seeks to maintain a dollar-weighted average effective portfolio maturity of two years or less. It will not invest more than 5% of total assets in junk bonds. It is non-diversified.


Fees are Above Average compared to funds in the same category.
Oppenheimer Rochester® Short Term Municipal Fund has an expense ratio of 0.80 percent.

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

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