Logo



OMFCX - Oppenheimer AMT-Free Municipals C

Don't let mutual funds siphon away your returns.
Get our FREE Report: "Index Funds and ETFs – A Smarter Way To Invest"
Your Mutual Fund

Oppenheimer AMT-Free Municipals C (OMFCX)
Expense Ratio: 1.74%
Expected Lifetime Fees: $48,010.85


The Oppenheimer AMT-Free Municipals C fund (OMFCX) is a High Yield Muni fund started on 8/29/1995 and has $2.50 billion in assets under management. The current manager has been running Oppenheimer AMT-Free Municipals C since 8/22/2002. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 1.00%

MarketRiders Prefers The Following ETF

Market Vectors High-Yield Muni ETF (HYD)
Expense Ratio: 0.35%
Expected Lifetime Fees: $11,154.10


The Market Vectors High-Yield Muni ETF (HYD) is an Exchange Traded Fund. It is a "basket" of securities that index the High Yield Muni investment strategy and is an alternative to a High Yield Muni mutual fund. Fees are very low compared to a comparable mutual fund like Oppenheimer AMT-Free Municipals C because computers automatically manage the stocks.




The Following High Yield Muni Funds Have Lower Fees Than Oppenheimer AMT-Free Municipals C (OMFCX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
AllianceBern High Income Municipal A ABTHX 43.0% 955 0.80%
AllianceBern High Income Municipal Adv ABTYX 43.0% 955 0.50%
American Century High-Yield Muni A AYMAX 27.0% 368 0.86%
American Century High-Yield Muni C AYMCX 27.0% 368 1.61%
American Century High-Yield Muni Instl AYMIX 27.0% 368 0.41%
American Century High-Yield Muni Inv ABHYX 27.0% 368 0.61%
American High-Income Municipal Bond A AMHIX 18.0% 2,600 0.64%
American High-Income Municipal Bond B ABHMX 18.0% 2,600 1.41%
American High-Income Municipal Bond C AHICX 18.0% 2,600 1.46%
American High-Income Municipal Bond F-1 ABHFX 18.0% 2,600 0.76%
American High-Income Municipal Bond F-2 AHMFX 18.0% 2,600 0.48%
BlackRock High Yield Municipal Instl MAYHX 31.0% 284 0.74%
Columbia High Yield Municipal B CHMBX 23.0% 937 1.55%
Columbia High Yield Municipal C CHMCX 23.0% 937 1.55%
Columbia High Yield Municipal Z SRH1Z 23.0% 937 0.60%
Columbia High Yield Municipal Z SRHMX 23.0% 937 0.60%
Delaware National Hi-Yld Muni Bd A CXHSZ 57.0% 343 0.85%
Delaware National Hi-Yld Muni Bd A CXHYX 57.0% 343 0.85%
Dreyfus High Yield Muni A DHYAX 41.1% 190 1.00%
Dreyfus High Yield Muni Bd I DYBIX 41.1% 190 0.74%
Dreyfus High Yield Muni Z DHMBX 41.1% 190 0.95%
DWS Strategic High Yield Tax Free A NOTAX 30.0% 2,000 0.92%
DWS Strategic High Yield Tax Free B NOTBX 30.0% 2,000 1.67%
DWS Strategic High Yield Tax Free C NOTCX 30.0% 2,000 1.67%
DWS Strategic High Yield Tax Free Inst NOTIX 30.0% 2,000 0.67%
DWS Strategic High Yield Tax Free S SHY1Z 30.0% 2,000 0.67%
DWS Strategic High Yield Tax Free S SHYTX 30.0% 2,000 0.67%
Eaton Vance High-Yield Municipal Inc A ETHYX 19.0% 698 0.93%
Eaton Vance High-Yield Municipal Inc B EVHYX 19.0% 698 1.68%
Eaton Vance High-Yield Municipal Inc C ECHYX 19.0% 698 1.68%
Eaton Vance High-Yield Municipal Inc I EIHYX 19.0% 698 0.68%
Federated Municipal High Yield Adv A FMOAX 28.0% 502 0.89%
Federated Municipal High Yield Adv B FMOBX 28.0% 502 1.64%
Federated Municipal High Yield Adv C FMNCX 28.0% 502 1.64%
Federated Municipal High Yield Adv F FHTFX 28.0% 502 0.89%
Franklin High Yield Tax-Free Inc A FHT1Z 8.9% 9,000 0.63%
Franklin High Yield Tax-Free Inc A FRHIX 8.9% 9,000 0.63%
Franklin High Yield Tax-Free Inc Adv FHYVX 8.9% 9,000 0.53%
Franklin High Yield Tax-Free Inc B FYIBX 8.9% 9,000 1.18%
Franklin High Yield Tax-Free Inc C FHYIX 8.9% 9,000 1.18%
Goldman Sachs High Yield Muni A GHYAX 27.0% 3,500 0.86%
Goldman Sachs High Yield Muni B GHYBX 27.0% 3,500 1.61%
Goldman Sachs High Yield Muni C GHYCX 27.0% 3,500 1.61%
Goldman Sachs High Yield Muni Instl GHYIX 27.0% 3,500 0.57%
Hartford Municipal Opportunities A HHMAX 41.0% 393 0.90%
Hartford Municipal Opportunities A HHMSZ 41.0% 393 0.90%
Hartford Municipal Opportunities C HHMCX 41.0% 393 1.65%
Hartford Municipal Opportunities I HHMIX 41.0% 393 0.65%
Invesco Van Kampen High Yield Muni A ATTSZ 16.0% 6,400 0.82%
Invesco Van Kampen High Yield Muni B ACTGX 16.0% 6,400 1.37%
Invesco Van Kampen High Yield Muni C ACTFX 16.0% 6,400 1.57%
Invesco Van Kampen High Yield Muni Y ACTDX 16.0% 6,400 0.57%
Ivy Municipal High Income Fund Class A IYIAX 4.0% 1,200 0.95%
Ivy Municipal High Income Fund Class I WYMHX 4.0% 1,200 0.70%
Ivy Municipal High Income Fund Class Y IYIYX 4.0% 1,200 0.95%
JHancock High-Yield Muni Bond A JHTFX 32.0% 294 0.88%
JHancock High-Yield Muni Bond B TSHTX 32.0% 294 1.63%
JHancock High-Yield Muni Bond C JCTFX 32.0% 294 1.63%
Legg Mason WA Muni High Income A STXCZ 24.0% 931 0.78%
Legg Mason WA Muni High Income B SXMTX 24.0% 931 1.40%
Legg Mason WA Muni High Income C SMHLX 24.0% 931 1.35%
Legg Mason WA Muni High Income I LMHIX 24.0% 931 0.65%
Lord Abbett High Yield Municipal Bond A HYMAX 40.9% 1,700 0.82%
Lord Abbett High Yield Municipal Bond A HYMSZ 40.9% 1,700 0.82%
Lord Abbett High Yield Municipal Bond I HYMIX 40.9% 1,700 0.62%
MainStay High Yield Municipal Bond Fund Class A MMHAX 154.0% 702 0.90%
MainStay High Yield Municipal Bond Fund Class I MMHIX 154.0% 702 0.65%
Managers AMG GW&K Muni Enhanced Yield I GWMEX 31.0% 284 0.65%
Managers AMG GW&K Municipal Enhanced Yield Investor Class GWMNX 31.0% 284 1.15%
MFS Municipal High-Income A MMH3Z 21.0% 2,500 0.69%
MFS Municipal High-Income A MMHYX 21.0% 2,500 0.69%
MFS Municipal High-Income B MMHBX 21.0% 2,500 1.48%
MFS Municipal High-Income C MMHCX 21.0% 2,500 1.69%
Northern High Yield Muni NHYMX 9.2% 394 0.80%
Nuveen High Yield Municipal Bond A NHMAX 31.0% 6,800 0.86%
Nuveen High Yield Municipal Bond C NHMCX 31.0% 6,800 1.41%
Nuveen High Yield Municipal Bond I NHMRX 31.0% 6,800 0.66%
Oppenheimer AMT-Free Municipals A OPTAX 30.0% 2,500 0.95%
Oppenheimer AMT-Free Municipals A OTA1Z 30.0% 2,500 0.95%
Oppenheimer AMT-Free Municipals Fund Class Y OMFYX 30.0% 2,500 0.72%
Oppenheimer Limited Term Municipal A OPITX 21.0% 4,700 0.73%
Oppenheimer Limited Term Municipal B OIMBX 21.0% 4,700 1.58%
Oppenheimer Limited Term Municipal C OITCX 21.0% 4,700 1.50%
Oppenheimer Limited Term Municipal Fund Class Y OPIYX 21.0% 4,700 0.48%
Oppenheimer Rochester National Muni A ORNAX 18.0% 6,500 0.99%
Oppenheimer Rochester National Municipals Class Y ORNYX 18.0% 6,500 0.84%
PIMCO High Yield Municipal Bond A PYMAX 33.0% 382 0.79%
PIMCO High Yield Municipal Bond C PYMCX 33.0% 382 1.54%
PIMCO High Yield Municipal Bond D PYMDX 33.0% 382 0.79%
PIMCO High Yield Municipal Bond I PHMIX 33.0% 382 0.54%
Pioneer High Income Municipal A PIMSZ 65.0% 757 0.88%
Pioneer High Income Municipal Y HIMYX 65.0% 757 0.67%
Prudential Municipal Hi-Inc A PMH1Z 24.0% 676 0.87%
Prudential Municipal Hi-Inc B PMHYX 24.0% 676 1.12%
Prudential Municipal Hi-Inc C PHICX 24.0% 676 1.62%
Prudential Municipal Hi-Inc Z PHIZX 24.0% 676 0.62%
Putnam Tax-Free High Yield A PTHAX 14.0% 1,100 0.80%
Putnam Tax-Free High Yield B PTHYX 14.0% 1,100 1.42%
Putnam Tax-Free High Yield C PTCCX 14.0% 1,100 1.57%
Putnam Tax-Free High Yield M PTYMX 14.0% 1,100 1.07%
Putnam Tax-Free High Yield Y PTFYX 14.0% 1,100 0.57%
RS High Yield Municipal Bond A RSHMX 20.0% 253 0.70%
RS High Yield Municipal Bond Y RHMYX 20.0% 253 0.41%
Sit Tax-Free Income SNTIX 37.2% 165 0.82%
T. Rowe Price Tax-Free High-Yield PRFHX 12.9% 2,200 0.68%
Thornburg Strategic Municipal Income A TSSAX 19.5% 148 1.25%
Thornburg Strategic Municipal Income I TSSIX 19.5% 148 0.99%
Waddell & Reed Muni Hi-Inc A UMU1Z 14.0% 779 0.92%



Search for a mutual fund by symbol or name:

x
Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.

}