Oppenheimer Rochester AMT-Free Munis AÂ (OPTAXÂ -Â MF report) a Zacks Ranked #2 (Buy) seeks a high level of current interest income exempt from federal income taxes as is available from investing in municipal securities, while attempting to preserve capital. OPTAX invests mainly in municipal securities that pay interest exempt from federal individual income tax. These primarily include municipal, municipal notes, interests in municipal leases and tax-exempt commercial paper. OPTAX declares dividends on each business day and pays them monthly. Capital gains, if any, are distributed annually in December.
The Oppenheimer Rochester AMT-Free Munis A fund, managed by Oppenheimer, carries an expense ratio of 0.89, and requires a minimal initial investment of $1,000.
OPTAX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.85%, 3 years 5.08%, and 5 years 7.48%. To see how this fund performed compared in its category, please click here.
OPTAX’s performance, as of the last filing, when compared to funds in its category was in the top 24% in 1 year, in the top 6% in the past 3 years, and in the top 1% over the past 5 years.
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