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Oppenheimer Rochester MN Municipal A (OPAMX) Fund Ranking and Research

Ranking, Research and Recommendation of Oppenheimer Rochester MN Municipal A (OPAMX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Oppenheimer Rochester MN Municipal A Fund (OPAMX) ManagerFund Manager - Daniel G. Loughran

Fund Manager Information

Fund Manager Tenure: 11.9 years
Similar Funds: OPBMX  OPCMX 
Fund Family: OppenheimerFunds
Fund Category: Muni Minnesota
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.64)     (What does this score mean?)
Loughran has been a senior vice president with OppenheimerFunds, Inc. since 2007 and had been a vice president of OppenheimerFunds, Inc since April 2001 and vice president of the Rochester division of the company since January 1996. He is a portfolio manager and officer of 18 portfolios in the Oppenheimer Funds complex.  Get more insights on Daniel G. Loughran

 

Graph of Oppenheimer Rochester MN Municipal A Fund (OPAMX) ProfileOppenheimer Rochester MN Municipal A Fund (OPAMX) Profile

Fund Profile and Description

Oppenheimer Rochester MN Municipal A Fund seeks a high level of current interest income exempt from federal and state income taxes for individual investors as is consistent with preservation of capital. Oppenheimer Rochester MN Municipal A Fund invests normally at least 80% of assets in securities the income from which is exempt from both federal and Minnesota individual income tax. It invests its assets so that at least 95% of the exempt-interest dividends that it pays are derived from Minnesota municipal obligations as required for state tax exemption under Minnesota law. Oppenheimer Rochester MN Municipal A Fund also can invest up to 20% of assets in inverse floaters, a variable rate obligation and form of derivative. It is non-diversified.

 

Oppenheimer Rochester MN Municipal A (OPAMX) Fund Strength What we like about Oppenheimer Rochester MN Municipal A (OPAMX) Fund

Data for Oppenheimer Rochester MN Municipal A Fund (OPAMX) as of May 30, 2016

  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) management has been with Oppenheimer Rochester MN Municipal A Fund for 11.9 years
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) has good short-term performance (1-year return 5.05% vs 4.55% Muni Minnesota category median performance)
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) has good mid-term performance (3-year return 4.40% vs 3.37% Muni Minnesota category median performance)
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) has good Long-term performance (5-year return 6.76% vs 4.37% Muni Minnesota category median performance)
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) ratio of up-years vs down years is greater than 2
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) has a Morningstar rating of 4 and above
  • Asset base in Oppenheimer Rochester MN Municipal A Fund (OPAMX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) has a lower expense ratio than its Muni Minnesota average: 0.80% vs 0.96%

Oppenheimer Rochester MN Municipal A Fund (OPAMX) Weakness What we are cautious about Oppenheimer Rochester MN Municipal A (OPAMX) Fund

Data for Oppenheimer Rochester MN Municipal A Fund (OPAMX) as of May 30, 2016

  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) is less safe compared to its Muni Minnesota peers
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) has an annual stock turnover rate of 14.00% that is higher than the Muni Minnesota average of 8.07%. This could mean Oppenheimer Rochester MN Municipal A is more nimble, but also signal potential high tax impact and high trading fees
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.22 that is higher than category average of 3.37
  • Oppenheimer Rochester MN Municipal A Fund (OPAMX) carries a 4.75% load
See Oppenheimer Rochester MN Municipal A Fund (OPAMX) performance details as of May 30, 2016

 

What do you think?

 

Compare Oppenheimer Rochester MN Municipal A Fund (OPAMX)Compare with other top Muni Minnesota category mutual funds

Aadditional top Muni Minnesota mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Oppenheimer Rochester MN Municipal A2.505.054.406.76
Columbia Minnesota Tax-Exempt A (IMNTX)2.475.734.155.39Compare
Delaware MN High-Yield Muni Bd A (DVMHX)2.264.973.675.22Compare
Columbia Minnesota Tax-Exempt Z (CMNZX)2.765.994.415.65Compare

See top fund managers for Muni Minnesota Category Funds

 

Graph of Oppenheimer Rochester MN Municipal A Fund (OPAMX) Net Asset TrackingOppenheimer Rochester MN Municipal A (OPAMX) Fund Net Asset

Track net asset change of Oppenheimer Rochester MN Municipal A fund (OPAMX)

DateNet Asset
05/2016$144.22M
03/2016$142.50M
02/2016$140.52M
More historic net asset information on Oppenheimer Rochester MN Municipal A Fund (OPAMX)

  

Graph of Oppenheimer Rochester MN Municipal A Fund (OPAMX) Portfolio TrackingOppenheimer Rochester MN Municipal A (OPAMX) Fund Portfolio Allocation

Track portfolio allocation change of Oppenheimer Rochester MN Municipal A fund (OPAMX)

DateCashStockBondOther
04/20160.7%0%99.3%0%
02/20160.65%0%99.35%0%
01/20160.64%0%99.36%0%
Click here to see more historic asset allocation information on Oppenheimer Rochester MN Municipal A Fund (OPAMX)

 

graph of Oppenheimer Rochester MN Municipal A Fund (OPAMX) Top 10 Position TrackingTop 10 Holdings in Oppenheimer Rochester MN Municipal A (OPAMX) Fund

Discover what Oppenheimer Rochester MN Municipal A Fund (OPAMX) manager is buying

Apr 29, 2016
St Louis Park Minn Health Care Hlt 5.75% [3%]
Minneapolis & St Paul Minn Met Ctfs 5% [2.16%]
St Paul Minn Hsg & Redev Auth 5% [2.02%]
Minneapolis Minn Health Care S Rev Bd 5% [1.63%]
Minnesota St Hsg Fin Agy For I St App 5% [1.51%]
Dakota Cnty Minn Cmnty Dev Agy Rev Bd 6% [1.3%]
Minnesota St Gen Fd Rev St Gen 5% [1.24%]
Central Minn Mun Pwr Agy Rev Rev Bds 5% [1.19%]
St Paul Minn Hsg & Redev Auth 5.5% [1.1%]

Feb 28, 2016
St Louis Park Minn Health Care Hlt 5.75% [3.13%]
Minneapolis & St Paul Minn Met Ctfs 5% [2.2%]
St Paul Minn Hsg & Redev Auth 5% [2.08%]
Minneapolis Minn Health Care S Rev Bd 5% [1.66%]
Dakota Cnty Minn Cmnty Dev Agy Rev Bd 6% [1.34%]
Minnesota St Gen Fd Rev St Gen 5% [1.25%]
Central Minn Mun Pwr Agy Rev Rev Bds 5% [1.2%]
St Paul Minn Hsg & Redev Auth 5.5% [1.16%]
Duluth Minn Hsg & Redev Auth 5.875% [1.1%]

Jan 30, 2016
St Louis Park Minn Health Care Hlt 5.75% [3.21%]
Minneapolis & St Paul Minn Met Ctfs 5% [2.25%]
St Paul Minn Hsg & Redev Auth 5% [2.14%]
St Paul Minn Port Auth 6% [1.87%]
Minneapolis Minn Health Care S Rev Bd 5% [1.71%]
Dakota Cnty Minn Cmnty Dev Agy Rev Bd 6% [1.4%]
Minnesota St Gen Fd Rev St Gen 5% [1.29%]
Central Minn Mun Pwr Agy Rev Rev Bds 5% [1.24%]
St Paul Minn Hsg & Redev Auth 5.5% [1.19%]
Click here for Stock Holding Change Map in Oppenheimer Rochester MN Municipal A Fund (OPAMX)

  

Latest News on Oppenheimer Rochester MN Municipal A (OPAMX) Fund

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Oppenheimer Rochester MN Municipal A Fund (OPAMX) Related ResourcesSee more information on Oppenheimer Rochester MN Municipal A (OPAMX) Fund

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