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3 Mutual Funds From Oppenheimer Family That Deserve a Look
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OppenheimerFunds 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 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 has $261 billion worth of assets (as of Jan 31, 2018) under management invested in 76 mutual funds across a wide range of categories including equity, fixed income, alternative and multi asset funds.
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 three-year annualized returns of about 7.7%.
OAAIX has an expense ratio of 0.48% compared with the category average of 1.16%.
Oppenheimer Developing Markets A (ODMAX - Free Report) invests mainly in common stocks of issuers in emerging and developing markets throughout the world. ODMAX invests at least 80% of its net assets in equity securities of issuers whose principal activities are in at least three developing markets. The fund may invest up to 100% of its total assets in foreign securities. The Oppenheimer Developing Markets A fund has three-year annualized returns of 8.9%.
Justin Leverenz has been the fund manager of ODMAX since 2007.
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 three-year annualized returns of 9.1%.
As of February 2018, OPGSX held 109 issues with 7.35% of its assets invested in the shares of Kirkland Lake Gold Ltd.
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3 Mutual Funds From Oppenheimer Family That Deserve a Look
OppenheimerFunds 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 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 has $261 billion worth of assets (as of Jan 31, 2018) under management invested in 76 mutual funds across a wide range of categories including equity, fixed income, alternative and multi asset funds.
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 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 three-year annualized returns of about 7.7%.
OAAIX has an expense ratio of 0.48% compared with the category average of 1.16%.
Oppenheimer Developing Markets A (ODMAX - Free Report) invests mainly in common stocks of issuers in emerging and developing markets throughout the world. ODMAX invests at least 80% of its net assets in equity securities of issuers whose principal activities are in at least three developing markets. The fund may invest up to 100% of its total assets in foreign securities. The Oppenheimer Developing Markets A fund has three-year annualized returns of 8.9%.
Justin Leverenz has been the fund manager of ODMAX since 2007.
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 three-year annualized returns of 9.1%.
As of February 2018, OPGSX held 109 issues with 7.35% of its assets invested in the shares of Kirkland Lake Gold Ltd.
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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