Oppenheimer International Diversified A (OIDAX - Free Report) a Zacks Ranked #1 (Strong Buy) seeks capital appreciation. OIDAX is a special type of mutual fund known as a “fund of funds” because it primarily invests in other mutual funds. OIDAX will typically invest in a minimum of three of the underlying funds and will not invest more than half of its net assets in any single underlying fund.
This Non US - Equity fund, as of the last filing, allocates their fund in three major groups; Foreign Stock, Emerging Market, Large Growth. Further, as of the last filing, OPPENHEIMER INT'L GROWTH, OPPENHEIMER MASTER INTL VALUE and OPPENHEIMER INTERNATIONAL were the top holdings for OIDAX.
The Oppenheimer International Diversified A fund, managed by Oppenheimer, carries an expense ratio of 0.65. Moreover, OIDAX requires a minimal initial investment of $1,000.
OIDAX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 0.43%, 3 year 12.24%, and 5 year 8.14%. To see how this fund performed compared in its category, please click here.
OIDAX’s performance, as of the last filing, when compared to funds in its category was in the top 36% in 1 year, top 26% over the past 3 years, and in the 28% over the past 5 years.
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