Oppenheimer Rochester AMT-Free Municipals A (OPTAX - Free Report) a Zacks Rank #1 (Strong Buy) was established in October 1976 and is managed by Oppenheimer Funds Group. OPTAX seeks a high level of current interest income exempt from federal income taxes as is available from investing in municipal securities, while attempting to preserve capital. OPTAX invests mainly in municipal securities that pay interest exempt from federal individual income tax. These primarily include municipal bonds (which are long-term obligations), municipal notes (short-term obligations), interests in municipal leases, and tax-exempt commercial paper.

Oppenheimer Rochester AMT-Free Municipals A, managed by Oppenheimer, carries an expense ratio of 0.83%, and requires a minimal initial investment of $1,000.

OPTAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 11.14%, 3 year 9.51% and 5 year 8.61%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

OPTAX’s performance, as of the last filing, when compared to funds in its category was in the top 5% in 1 year, top 7% over the past 3 years, and in the 1% over the past 5 years.