The expenses for Class Y shares are estimated for the first full fiscal year that they are offered.Įxample. * Class Y shares were first available March 30, 2011. Interest and Related Expenses from Inverse Floaters Maximum Deferred Sales Charge (Load) (as % of the lower of the original offering price or redemption proceeds)Īnnual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Maximum Sales Charge (Load) imposed on purchases (as % of offering price) Shareholder Fees (fees paid directly from your investment) More information about these and other discounts is available from your financial professional and in the section "About YourĪccount" beginning on page 13 of the prospectus and in the sections "How to Buy Shares" beginning on page 58 and "Appendix A" in the Fund's Statement of Additional Information. You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $100,000 in certain funds in the Oppenheimer family of funds. This table describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund. The Fund seeks as high a level of income exempt from federal income tax and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management.įees and Expenses of the Fund. Payments to Broker-Dealers and Other Financial Intermediaries Please read this prospectus carefully before you invest and keep it for future reference about your account. It also contains important information about how to buy and sell shares of the Fund and other account features.
This prospectus contains important information about the Fund's objective, investment policies, strategies and risks. Its goal is to provide a high level of income exempt from federal income tax and New York State and New York City personal income taxes by investing primarily in a portfolio of investment-grade municipal securities intended to have an average effective maturity of five years or less.
Limited Term New York Municipal Fund is a mutual fund. It is a criminal offense to represent otherwise. As with all mutual funds, the Securities and Exchange Commission has not approved or disapproved the Fund's securities nor has it determined that this prospectus is accurate or complete.
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