5 / 5 Stars
4 4 3 1 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 20 Muni Single State Short 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 4.77 percent over the past year, 4.58 percent over the past three years, and 4.04 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.5%|
|3 Years (Annualized)||4.6%|
|5 Years (Annualized)||4.0%|
|10 Years (Annualized)||N/A|
The investment seeks as high a level of income exempt from federal income tax and California individual income taxes as is consistent with its investment policies and prudent investment management. The fund invests at least 80% of net assets in California municipal securities. It seeks to maintain a dollar-weighted average effective portfolio maturity of five years or less. The fund can invest as much as 5% of total assets in below-investment-grade securities. It can expose up to 5% of total assets to the effects of leverage from its investments in inverse floaters. The fund is non-diversified.
Fees are High compared to funds in the same category.
Oppenheimer Limited Term California Municipal Fund has an expense ratio of 1.71 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.