The investment seeks high current interest income exempt from federal and Pennsylvania income taxes, consistent with preservation of capital. The fund normally invests at least 80% of assets in Pennsylvania municipal securities that pay interest that is exempt from federal and Pennsylvania personal income taxes, and from the investment income tax of the school district of Philadelphia. It can invest as much as 25% of its total assets in below-investment-grade securities (commonly called "junk bonds").
Fund filings (PDF) »

Asset managers:
Daniel Loughran (Started: Jan 31, 1999)
Scott Cottier (Started: Sep 30, 2002)
Mark DeMitry (Started: Sep 30, 2006)
Michael Camarella (Started: Jan 31, 2008)
Troy Willis (Started: Jun 30, 2003)
Charles Pulire (Started: Jan 30, 2010)

Advisor Company:
OFI Global Asset Management, Inc.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	1.71	-1.60	-6.25	-1.80
Beta*	1.07	1.49	2.10	1.64
Mean annual return	0.60	0.62	0.51	0.45
R-squared*	94.87	69.22	54.30	52.44
Standard deviation	3.12	6.72	13.55	10.36
Sharpe ratio	2.27	1.09	0.43	0.35
* Against standard index

Risk measurement details »

Security	Net Assets
Childrens Tr Fd P R Tob Settle Tob 5.5%	5.54%
Childrens Tr Fd P R Tob Settle To 5.625%	4.20%
Childrens Tr Fd P R Tob Settle Tob Settl	2.66%
Childrens Tr Fd P R Tob Settle Tob Settl	2.55%
Allegheny Cnty Pa Redev Auth 5.6%	1.92%
Pennsylvania St Higher Edl Fac Re 5.875%	1.85%
Allegheny Cnty Pa Go Nts	1.81%
Pennsylvania Econ Dev Fing Govt Leas 5%	1.53%
Pennsylvania St Tpk Commn Tpk Subordina	1.21%
Pennsylvania Econ Dev Fin Rev Bds 6.125%	1.14%

Holdings Performance »