Oppenheimer Rochester CA Municipal A (OPCAX) a Zacks Ranked #2 (Buy) seeks a high level of current interest income exempt from federal and California income taxes for individual investors as is consistent with preservation of capital. OPCAX invests primarily in municipal bonds, municipal notes and interest in municipal leases. OPCAX offers dividends daily and capital gains monthly.
The Oppenheimer Rochester CA Municipal A fund, managed by Oppenheimer, carries an expense ratio of 0.98. Moreover, OPCAX requires a minimal initial investment of $1,000.
OPCAX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.99%, 3 year 4.98%, and 5 year 7.20%. To see how this fund performed compared in its category, please click here.
OPCAX’s performance, as of the last filing, when compared to funds in its category was in the top 27% in 1 year, top 4% over the past 3 years, and in the top 3% over the past 5 years.
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