5 / 5 Stars
4 4 3 4 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 3.56 percent over the past year, 4.58 percent over the past three years, 4.31 percent over the past five years, and 4.03 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.3%|
|3 Years (Annualized)||4.6%|
|5 Years (Annualized)||4.3%|
|10 Years (Annualized)||4.0%|
The investment seeks as high a level of income exempt from federal income tax and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management. The fund invests at least 95% of its net assets in securities issued by: 1) the State of New York and its political subdivisions, 2) agencies, instrumentalities and public authorities of the State of New York, 3) territories, commonwealths and possessions of the United States. It seeks to maintain a dollar-weighted average effective portfolio maturity of five years or less, however, it can buy securities with maturities of more than five years.
Fees are High compared to funds in the same category.
Oppenheimer Limited Term New York Municipal Fund has an expense ratio of 1.48 percent.
Risk is High compared to funds in the same category according to Morningstar.