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.
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