Oppenheimer Rochester® Limited Term California Municipal Fund

Scorecard
5 / 5 Stars
Lipper
4 4 4 2 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
TheStreet.com
B+ (Buy)

U.S. News evaluated 19 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.

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Performance

The fund has returned -1.08 percent over the past year, 4.05 percent over the past three years, 5.39 percent over the past five years, and 3.51 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.0%
1 Year -1.1%
3 Years (Annualized) 4.1%
5 Years (Annualized) 5.4%
10 Years (Annualized) 3.5%

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Summary

The investment seeks tax-free income. The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in California municipal securities that, in the opinion of counsel to the issuer of the securities, are exempt from federal and California individual income taxes. It invests at least 80% of its net assets (plus borrowings for investment purposes) in California municipal securities. The fund may invest a substantial percentage of its assets in "callable" securities, which allow the issuer to redeem them before their maturity date. It is non-diversified.

Fees

Fees are High compared to funds in the same category.
Oppenheimer Rochester® Limited Term California Municipal Fund has an expense ratio of 1.52 percent.

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Risk

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

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