3 / 5 Stars
3 2 1 2 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
1 / 5 Stars
U.S. News evaluated 14 Muni New Jersey 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 -6.87 percent over the past year, 5.49 percent over the past three years, 9.46 percent over the past five years, and 2.95 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||6.0%|
|3 Years (Annualized)||5.5%|
|5 Years (Annualized)||9.5%|
|10 Years (Annualized)||3.0%|
The investment seeks as high a level of current interest income exempt from federal and New Jersey income taxes for individual investors as is consistent with preservation of capital. The fund normally invests at least 80% of assets in New Jersey municipal securities that are exempt from federal and New Jersey individual income taxes. It does not limit its investments to securities of a particular maturity range, and may hold short-, intermediate- and long-term securities. It invests at least 80% of its net assets (plus borrowings for investment purposes) in New Jersey municipal securities. The fund is non-diversified.
Fees are High compared to funds in the same category.
Oppenheimer Rochester® New Jersey Municipal Fund has an expense ratio of 1.59 percent.
Risk is High compared to funds in the same category according to Morningstar.