Oppenheimer Rochester® Fund Municipals Fund

Scorecard
3 / 5 Stars
Lipper
4 2 1 1 5
Zacks Investment Research
3 (Hold)
Standard & Poor's
1 / 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 -0.91 percent over the past year, 4.56 percent over the past three years, 7.34 percent over the past five years, and 3.78 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 8.6%
1 Year -0.9%
3 Years (Annualized) 4.6%
5 Years (Annualized) 7.3%
10 Years (Annualized) 3.8%

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Summary

The investment seeks tax-free income. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) 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 invests mainly in New York municipal securities that pay interest that, in the opinion of counsel to the issuer of each security, is exempt from federal and New York personal income taxes. The fund can invest up to 25% of its total assets in below-investment-grade securities (commonly called "junk bonds").

Fees

Fees are High compared to funds in the same category.
Oppenheimer Rochester® Fund Municipals Fund has an expense ratio of 1.62 percent.

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Risk

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

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