The investment seeks a high level of current interest income exempt from federal and Virginia state income taxes for individual investors as is consistent with preservation of capital. The fund 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 Virginia 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.
Fund filings (PDF) »

Asset managers:
Daniel Loughran (Started: Jul 18, 2006)
Scott Cottier (Started: Jul 18, 2006)
Mark DeMitry (Started: Sep 30, 2006)
Michael Camarella (Started: Jan 31, 2008)
Troy Willis (Started: Jul 18, 2006)
Charles Pulire (Started: Dec 31, 2010)

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

	1 year	3 years	5 years	10 years
Alpha*	-0.95	-3.04	-5.63	-
Beta*	1.82	1.83	2.12	-
Mean annual return	0.69	0.67	0.57	-
R-squared*	90.89	85.87	54.79	-
Standard deviation	5.42	7.42	13.60	-
Sharpe ratio	1.51	1.07	0.48	-
* Against standard index

Risk measurement details »

Security	Net Assets
Tobacco Settlement Fing Corp V Asset Bac	4.76%
Fairfax Cnty Va Indl Dev Auth 5.5%	3.86%
Henrico Cnty Va Econ Dev A Rev Bds 5.25%	2.80%
Metropolitan Wash D C Arpts Au Ctfs 5%	2.72%
Deutsche Bk Spears/Lifers Tr V Ctfs 5%	2.67%
Metropolitan Wash D C Arpts Au Second Li	2.35%
Harrisonburg Va Indl Dev Auth 5%	2.34%
Virginia College Bldg Auth 5%	2.25%
Hampton Va Redev & Hsg Auth 5.45%	2.23%
Tobacco Settlement Fing Corp V Asset Bac	2.09%

Holdings Performance »