3 / 5 Stars
4 3 1 3 4
Zacks Investment Research
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 2.94 percent over the past year, 5.20 percent over the past three years, 8.18 percent over the past five years, and 3.99 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||11.2%|
|3 Years (Annualized)||5.2%|
|5 Years (Annualized)||8.2%|
|10 Years (Annualized)||4.0%|
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 1.50 percent.
Risk is High compared to funds in the same category according to Morningstar.