4 / 5 Stars
4 2 1 3 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 20 Muni Pennsylvania 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 5.50 percent over the past year, 6.72 percent over the past three years, 4.99 percent over the past five years, and 4.55 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||1.4%|
|3 Years (Annualized)||6.7%|
|5 Years (Annualized)||5.0%|
|10 Years (Annualized)||4.5%|
The investment seeks high current interest income exempt from federal and Pennsylvania income taxes, consistent with preservation of capital. The fund normally invests at least 80% of assets in Pennsylvania municipal securities that pay interest that is exempt from federal and Pennsylvania personal income taxes, and from the investment income tax of the school district of Philadelphia. It can invest as much as 25% of its total assets in below-investment-grade securities (commonly called "junk bonds").
Fees are High compared to funds in the same category.
Oppenheimer Pennsylvania Municipal Fund has an expense ratio of 1.53 percent.
Risk is High compared to funds in the same category according to Morningstar.