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Reply to @hank: Actually Puerto Rico is part of North Carolina, Arizona, Massachusetts Maryland, and Virginia. The fund manager flunked geography. Regards, Ted
Lessee... East is East and West is West,,, Ummmm.... huh??? How the heck did I miss those?? I guess it's just too much to ask that a state bond contains only stuff from the named state. I wonder how much the Oppenheimer et al lobbying budget/congressional payoff is?
Holy cow. What I see from Oppenheimer is never good. Would not go near them with a 10 foot Pole or even an 8 foot Swede or a 6 foot Bahamian.
I rescued a colleague from OAAAX (NOT load-waived) a few years ago--- when M* still had it rated with HIGH risk and LOW returns. Today, it's still a 1-star fund, and the risk/reward profile is not much better at all. http://quotes.morningstar.com/fund/oaaax/f?pgid=hetopquote&t=oaaax
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Regards,
Ted
I rescued a colleague from OAAAX (NOT load-waived) a few years ago--- when M* still had it rated with HIGH risk and LOW returns. Today, it's still a 1-star fund, and the risk/reward profile is not much better at all.
http://quotes.morningstar.com/fund/oaaax/f?pgid=hetopquote&t=oaaax