Oppenheimer Rochester® AMT-Free New York Municipals Fund

Scorecard
4 / 5 Stars
Lipper
5 3 1 2 4
Zacks Investment Research
2 (Buy)
Standard & Poor's
2 / 5 Stars
TheStreet.com
C+ (Hold)

U.S. News evaluated 25 Muni New York Long 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 0.71 percent over the past year, 5.74 percent over the past three years, 8.18 percent over the past five years, and 3.91 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 8.8%
1 Year 0.7%
3 Years (Annualized) 5.7%
5 Years (Annualized) 8.2%
10 Years (Annualized) 3.9%

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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 will not invest in municipal securities the interest from which (and thus proportionate share of the exempt-interest dividends paid by the fund) would be subject to the federal alternative minimum tax (AMT). Additionally, under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in New York municipal securities.

Fees

Fees are High compared to funds in the same category.
Oppenheimer Rochester® AMT-Free New York Municipals Fund has an expense ratio of 1.54 percent.

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Risk

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

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