Oppenheimer Rochester Michigan Muni A (ORMIX)
9.54 0.02(0.21%) Jun 18
* As of 28-Feb-13
Quotes delayed, except where indicated otherwise. Currency in USD.
- No Reports available for ORMIX at this time.
|Symbol||% Assets||YTD Return %|
|Michigan St Hosp Fin Auth||6.69||N/A|
|Michigan St Hsg Dev Auth 5.15%||4.68||N/A|
|Michigan Tob Settlement Fin Au Tobacc 6%||3.45||N/A|
|Wayne Charter Cnty Mich Go Ltd Ta 6.75%||3.05||N/A|
|Puerto Rico Pub Bldgs Auth 6.75%||2.70||N/A|
|Morningstar Overall Rating:|
|Category:||Muni Single State Long|
|Annual Report Expense Ratio (net):||0.80%|
Performance & Risk
|5y Avg Return:||2.90%|
|Rank in Category (ytd):||10|
|% Rank in Category (ytd):||3.39%|
|Morningstar Risk Rating:||5|
The investment seeks a high level of current interest income exempt from federal and Michigan state income taxes for individual investors as is consistent with preservation of capital.
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 both federal and Michigan state income tax. It does not limit its investments to securities of a particular maturity range, and may hold both short- and long-term securities. The fund currently focuses on longer-term securities to seek higher yields. It is non-diversified. View More