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 history of maximizing tax-free income and yield-driven total returns.
Taxpayers who live in New York State may wish to consider Oppenheimer Rochester AMT-Free New York Municipal Fund.
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Fixed income investing entails credit and interest rate risks. Interest rate risk is the risk that rising interest rates, or an expectation of rising interest rates in the near future, will cause the values of a fund’s investments to decline. Risks associated with rising interest rates are heightened given that rates in the U.S. are at, or near, historic lows. When interest rates rise, bond prices fall and a fund’s share price can fall. Municipal bonds are subject to default on income and principal payments. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. May invest in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions.