5 / 5 Stars
5 3 1 2 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
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.
The fund has returned -10.36 percent over the past year, 5.38 percent over the past three years, and 8.51 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.1%|
|3 Years (Annualized)||5.4%|
|5 Years (Annualized)||8.5%|
|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. Additionally, under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Michigan municipal securities. It is non-diversified.
Fees are High compared to funds in the same category.
Oppenheimer Rochester Michigan Municipal Fund has an expense ratio of 1.55 percent.
Risk is High compared to funds in the same category according to Morningstar.