5 / 5 Stars
5 4 1 2 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 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 -5.81 percent over the past year, 6.59 percent over the past three years, 10.49 percent over the past five years, and 3.84 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||6.2%|
|3 Years (Annualized)||6.6%|
|5 Years (Annualized)||10.5%|
|10 Years (Annualized)||3.8%|
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 Below Average compared to funds in the same category.
Oppenheimer Rochester® New Jersey Municipal Fund has an expense ratio of 0.60 percent.
Risk is High compared to funds in the same category according to Morningstar.