5 / 5 Stars
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 77 Muni Single State Long 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 1.09 percent over the past year, 6.20 percent over the past three years, and 10.28 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||10.1%|
|3 Years (Annualized)||6.2%|
|5 Years (Annualized)||10.3%|
|10 Years (Annualized)||N/A|
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 selects investments without regard to the 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 Arizona municipal securities. It is non-diversified.
Fees are Below Average compared to funds in the same category.
Oppenheimer Rochester® Arizona Municipal Fund has an expense ratio of 0.77 percent.
Risk is High compared to funds in the same category according to Morningstar.