OppenheimerFunds was founded in 1959 and has over 2,000 employees and 170 investment professionals serving clients, including financial advisors, individual investors and institutional investors across 77 countries. It is a subsidiary of MassMutual, which is one of the leading asset managers with more than $600 billion assets under management along with its affiliates.
OppenheimerFunds had $234 billion worth of assets as of Apr 30, 2019 under management invested in 76 mutual funds across a wide range of categories including equity, fixed income, alternative and multi asset funds. The fund family has offices in Seattle, Denver, Rochester, New York and Dallas.
Below we share with you three top-ranked Oppenheimer mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Oppenheimer funds.
Oppenheimer Gold & Special Minerals A (OPGSX – Free Report) invests primarily in common stocks of companies engaged in processing, mining and dealing in gold, gold bullion and precious metals-based ETFs. OPGSX invests not more than one-fourth of its assets in the Oppenheimer Gold & Special Minerals Fund (Cayman) Ltd. Oppenheimer Gold & Special Minerals A has year-to-date (YTD) returns of 3.1%.
OPGSX has an expense ratio of 1.17% compared with the category average of 1.37%.
Oppenheimer Gold & Special Minerals Y (OGMYX – Free Report) invests mainly in common stocks of companies involved in mining, processing or dealing with gold. OGMYX seeks growth of capital. The fund may also invest nearly one-fourth of its assets in its subsidiary, the Oppenheimer Gold & Special Minerals Fund Ltd. Oppenheimer Gold & Special Minerals Y fund has YTD returns of 3.1%.
As of January 2019, OGMYX held 92 issues, with 7.16% of its assets invested in Northern Star Resources Ltd.
Oppenheimer International Small-Mid Company A (OSMAX – Free Report) invests a large chunk of its assets in equity securities of mid- and small-cap companies. The fund manager focuses on investing in those companies that are included on the MSCI All Country World (ACWI) ex-U.S. SMID Index. OSMAX seeks growth of capital. Oppenheimer International Small-Mid Company A has YTD returns of 19.3%.
Frank V. Jennings is the fund manager of OSMAX since September 2018.
Oppenheimer Portfolio Series Equity Investor Fund Class A (OAAIX – Free Report) seeks long-term capital growth. OAAIX invests between 40% and 65% of its assets in underlying funds, which in turn allocate most of their assets in domestic equity securities. The fund may also invest 35% to 60% in underlying funds that focus on acquiring securities issued by non-U.S. companies. Oppenheimer Portfolio Series Equity Investor Fund Class A has YTD returns of 16.8%.
OAAIX has an expense ratio of 0.48% compared with the category average of 1.17%.
To view the Zacks Rank and past performance of all Oppenheimer Mutual Funds, investors can click here to see the complete list of funds.
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