Oppenheimer Rochester Limited Term Muni C Fund ( OITCX ) seeks a high level of current income exempt from federal income tax. OITCX invests at least 80% of its assets in investment-grade municipal securities that are exempt from federal income tax (including securities subject to alternative minimum tax). OITCX invests not more than 5% of its assets in securities rated below investment grade at the time of acquisition.
This Muni Bond product has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 1.4% and 5 year 1.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .
This Zacks Rank #1 (Strong Buy) was incepted in November 1986 and is managed by Oppenheimer . OITCX carries an expense ratio of 1.60% and requires a minimal initial investment of $1,000.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
View All Zacks #1 Ranked Mutual Funds
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (OITCX): Fund Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
