The investment seeks current interest income exempt from federal individual income tax. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities that pay interest that is, in the opinion of bond counsel to the issuer at the time the security is issued, exempt from federal individual income tax. It will not invest more than 5% of its total assets in securities that are rated below investment grade (sometimes referred to as "junk bonds") by a nationally recognized statistical rating organization, such as Moody's Investors Service. The fund is non-diversified.
Fund filings (PDF) »

Asset managers:
Daniel Loughran (Started: Dec 6, 2010)
Scott Cottier (Started: Dec 6, 2010)
Mark DeMitry (Started: Dec 6, 2010)
Michael Camarella (Started: Dec 6, 2010)
Troy Willis (Started: Dec 6, 2010)
Charles Pulire (Started: Dec 6, 2010)

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

	1 year	3 years	5 years	10 years
Alpha*	0.50	-	-	-
Beta*	0.88	-	-	-
Mean annual return	0.42	-	-	-
R-squared*	97.06	-	-	-
Standard deviation	2.54	-	-	-
Sharpe ratio	1.94	-	-	-
* Against standard index

Risk measurement details »

Security	Net Assets
Ohio St Univ Gen Rcpts Gen Rcpts 5%	1.61%
California St Pub Wks Brd Leas Rev Bd 5%	1.60%
District Columbia Rev Rev Bds 5%	1.57%
New Jersey St Tpk Auth 5%	1.56%
Metropolitan Transn Auth 5%	1.56%
Corpus Christi Tex Util Sys Re Jr Lie 5%	1.55%
New Jersey Econ Dev Auth 5%	1.54%
Tift Cnty Ga Hosp Auth 5%	1.54%
Nassau Cnty N Y Loc Econ A Rev Bds 5%	1.48%
Texas Mun Gas Acquisition & Su Rev Bd 5%	1.46%

Holdings Performance »