Oppenheimer Rochester® Virginia Municipal Fund

Scorecard
5 / 5 Stars
Lipper
5 2 1 2 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
TheStreet.com
E (Sell)

U.S. News evaluated 80 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.

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Performance

The fund has returned -10.63 percent over the past year, 5.38 percent over the past three years, and 9.14 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 8.4%
1 Year -10.6%
3 Years (Annualized) 5.4%
5 Years (Annualized) 9.1%
10 Years (Annualized) N/A

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Summary

The investment seeks a high level of current interest income exempt from federal and Virginia state income taxes for individual investors as is consistent with preservation of capital. 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 federal 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 in Virginia municipal securities. It is non-diversified.

Fees

Fees are High compared to funds in the same category.
Oppenheimer Rochester® Virginia Municipal Fund has an expense ratio of 1.55 percent.

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Risk

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

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