7.16 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 7.16
Category High Yield Muni
Net Assets 3.29 Bil
Yield 6.86%
Morningstar Risk High
Morningstar Return Average
  • Last NAV update 9/16/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks tax-free income. The fund normally 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 federal income tax. It intends to invest approximately 50% to 70% of its total assets in these types of securities. The fund may invest in lower-rated and below-investment-grade securities without limit, the fund's investments should be considered speculative.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 1.76% 11.70% 18.86% -7.17% 14.00%
Value ($) 10,175.80 11,366.61 13,510.61 12,541.29 14,296.46
  • Year to date performance as of 9/16/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family OppenheimerFunds
Fund Manager Daniel Loughran
Tenure (Years) 13
Fund Status Open
Minimum Initial Purchase 1,000.00
Minimum IRA Investment 500.00
Front Load 4.75
Expense Ratio 0.73%
PERFORMANCE
Symbol Value ($)
1 Month 1.71%
3 Months 2.63%
1 Year 15.78%
3 Years* 8.59%
5 Years* 8.45%
  • * Annualized returns
  • Performance as of 9/16/2014 12:00 AM ET
PEER COMPARISON
  ORNAX High Yield Muni
5-Yr Return 8.45% 7.06%
Sharpe Ratio 1.14 3.47
Net Assets 3.29 Bil 376.41 Mil
Avg Market Cap 5.77 Bil 28.00 Bil
Avg P/E 12.09 NA
Portfolio Turnover 18 34
HOLDINGS
Symbol Value ($)
Stocks 0.02%
Cash 1.07%
Fixed Income 98.66%
Other 0.25%
TOP 10 HOLDINGS
NAME % NET ASSETS
Tobacco Settlement Fing Corp N Ass 4.75% 2.24%
Buckeye Ohio Tob Settlement Fi To 5.875% 1.83%
Tobacco Settlement Fing Corp N Asset 5% 1.49%
Puerto Rico Comwlth Pub Impt 5.5% 1.34%
Jefferson Cnty Ala Swr Rev Swr Rev 6.5% 1.31%
New York N Y City Indl Dev Agy Re 7.625% 1.28%
Texas Mun Gas Acquisition & Su Ctf 6.25% 1.25%
Buckeye Ohio Tob Settlement Fi Tobacco S 1.24%
Golden St Tob Securitization C Ctfs 1.00%
California Cnty Calif Tob Secu Asset Bac 0.89%
DATA PROVIDERS

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