Mutual Fund Insights: Oppenheimer Rochester MA Municipal A Fund (ORMAX)

In-depth Analysis of Oppenheimer Rochester MA Municipal A Fund (ORMAX)

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See Oppenheimer Rochester MA Municipal A Fund (ORMAX) performance details as of February 28, 2010

  

Last Trade: $10.49 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Daniel G. Loughran

Fund Manager Tenure: 3.7 years   [Similar Funds: ORBAX  ORCAX ]
Fundmojo Fund Grade: E (Score: 0.2)     (What does this score mean?)

Daniel G. 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. Daniel G. Loughran is a portfolio manager and officer of 18 portfolios in the Oppenheimer Funds complex.  Get more insights on Daniel G. Loughran

  

 What we like about Oppenheimer Rochester MA Municipal A Fund (ORMAX)

Data for Oppenheimer Rochester MA Municipal A Fund (ORMAX) as of February 28, 2010

• Oppenheimer Rochester MA Municipal A Fund (ORMAX) management has been with Oppenheimer Rochester MA Municipal A Fund for 3.7 years
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) has good short-term performance (1-year return 32.08% vs 11.80 % Muni Massachusetts category average)
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) has a lower management fee than its Muni Massachusetts average: 0.80% vs 1.07%

  

 What we are cautious about Oppenheimer Rochester MA Municipal A Fund (ORMAX)

Data for Oppenheimer Rochester MA Municipal A Fund (ORMAX) as of February 28, 2010

• Oppenheimer Rochester MA Municipal A Fund is a focused fund with 32.25% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) has a less-than-ideal mid-term performance (3-year return -4.39% vs 3.01 % Muni Massachusetts category average)
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) ratio of up-years vs down years can be improved
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) has a Morningstar rating of 3 and below
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) is less safe compared to its Muni Massachusetts peers
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) has an annual stock turnover rate of 20.00% that is higher than the Muni Massachusetts average of 18.26%. This could mean Oppenheimer Rochester MA Municipal A is more nimble, but also signal potential high tax impact and high trading fees
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) does not have a good risk adjusted return as its 3-year Alpha of -10.76 is worse than category average of -1.72, and its 3-year Sharpe ratio is -0.28
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) is more volatile than its peers as it has a 3-year Standard Deviation of 17.14 that is higher than category average of 7.26
• Oppenheimer Rochester MA Municipal A Fund (ORMAX) carries a 4.75% load

See Oppenheimer Rochester MA Municipal A Fund (ORMAX) performance details as of February 28, 2010

  

  

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Oppenheimer Rochester MA Municipal A Fund (ORMAX) Net Asset

Track net asset change of Oppenheimer Rochester MA Municipal A fund (ORMAX)

Date	Net Asset
02/2010	$65.13M
01/2010	$38.84M
11/2009	$38.71M

More historic net asset information on Oppenheimer Rochester MA Municipal A Fund (ORMAX)

  

Oppenheimer Rochester MA Municipal A Fund (ORMAX) Portfolio Allocation

Track portfolio allocation change of Oppenheimer Rochester MA Municipal A fund (ORMAX)

Date	Cash	Stock	Bond	Other
09/2009	0.03%	0%	99.97%	0%
06/2009	0.11%	0%	99.89%	0%
03/2009	0.56%	0%	99.44%	0%

Click here to see more historic asset allocation information on Oppenheimer Rochester MA Municipal A Fund (ORMAX)

  

Most Recent Top 10 Holdings in Oppenheimer Rochester MA Municipal A Fund (ORMAX)

Discover what Oppenheimer Rochester MA Municipal A Fund (ORMAX) manager is buying

30-Sep-09 Puerto Rico Comwlth Aqueduct & Rev Bd 6% [5.93%] Childrens Tr Fd P R Tob Settle Tob Settl [3.69%] Massachusetts St Hsg Fin Agy Hsg Bd 5.3% [3.61%] Massachusetts Edl Fing Auth 6.35% [3.58%] Massachusetts St Port Auth 5% [3.49%] Puerto Rico Ports Auth 6.25% [2.89%] Massachusetts St Dev Fin Agy R Rev 5.75% [2.62%] Massachusetts St Dev Fin Agy R Rev Bd 5% [2.26%] Massachusetts St Hsg Fin Agy H Rev 5.8% [2.22%] Massachusetts St Health & Edl Rev 5.625% [1.96%]

30-Jun-09 Puerto Rico Comwlth Aqueduct & Rev Bd 6% [6.62%] Massachusetts St Hsg Fin Agy Hsg Bd 5.3% [4.26%] Massachusetts Edl Fing Auth 6.35% [3.59%] Massachusetts St Port Auth 5% [3.49%] Massachusetts St Health & Edl Rev 5.625% [2.84%] Massachusetts St Hsg Fin Agy H Rev 5.8% [2.69%] Childrens Tr Fd P R Tob Settle Tob Settl [2.59%] Massachusetts St Dev Fin Agy R Rev 5.75% [2.51%] Massachusetts St Dev Fin Agy R Rev Bd 5% [2.46%] Massachusetts St Health & Edl Rev Bds 8% [2.25%]

31-Mar-09 MASSACHUSETTS EDL FING AUTH ED CTFS [8.31%] Puerto Rico Sales Tax Fing Cor Sales Tax [8.23%] Puerto Rico Comwlth Aqueduct & Rev Bd 6% [6.9%] Massachusetts St Hsg Fin Agy Hsg Bd 5.3% [4.68%] Massachusetts St Health & Edl Rev 5.625% [4.5%] Massachusetts St Port Auth 5% [3.97%] Massachusetts St Hsg Fin Agy H Rev 5.8% [3.21%] Massachusetts St Dev Fin Agy R Rev Bd 5% [2.66%] Massachusetts St Dev Fin Agy R Rev 5.75% [2.62%] MASSACHUSETTS ST HEALTH & EDL REV BDS [2.46%]

Click here for Stock Holding Change Map in Oppenheimer Rochester MA Municipal A Fund (ORMAX)

  

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See more information on Oppenheimer Rochester MA Municipal A Fund (ORMAX)

• Oppenheimer Rochester MA Municipal A Fund Insights
• Oppenheimer Rochester MA Municipal A Fund Performance Data
• Oppenheimer Rochester MA Municipal A Fund News
• Oppenheimer Rochester MA Municipal A Fund Score Explaination
• Oppenheimer Rochester MA Municipal A Fund Manager Information
• Historic Oppenheimer Rochester MA Municipal A Fund Asset Allocation Report
• Historic Oppenheimer Rochester MA Municipal A Fund Top 10 Holding Tracking
• Historic Oppenheimer Rochester MA Municipal A Fund Asset Under Management Tracking