Oppenheimer Rochester AMT-Free Municipal Fund is a national fund that seeks to maintain a broadly diversified set of tax-free and AMT-free municipal bonds, including some high yield securities. Our award-winning active management approach, with its emphasis on security-specific municipal bond analysis, has a rich 30-year history of maximizing tax-free income and yield-driven total returns.

When considering an AMT-free municipal fund, it’s important to recognize the following:

  • About 7 million taxpayers are subject to the federal alternative minimum tax.
  • A municipal bond that pays 5% offers the equivalent yield of a taxable bond paying 8.81%.1
  • The Fund (Class Y) has delivered strong performance in the Lipper General and Insured Municipal Debt category.2

Taxpayers who live in New York State may wish to consider Oppenheimer Rochester AMT-Free New York Municipal Fund.

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1Based on the 2017 top federal tax rate of 43.4%, including the 3.8% tax on unearned income under the Patient Protection and Affordable Care Act, as applicable. For illustrative purposes only. Not intended to show any fund’s performance or investor’s results. Results would vary if a different tax rate were used.

2Source: Lipper, Inc. Lipper ranking is for Class Y shares and ranking may include more than one share class of funds in the category, including other share classes of this Fund. Ranking is based on total return as of 3/31/17. Different share classes may have different expenses and performance characteristics. Class Y shares are not available to all investors. Past performance does not guarantee future results.