OppenheimerFunds is a subsidiary of MassMutual, which is one of the leading asset managers with around $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 $204 billion worth of assets (as of Jan 29, 2016) under management invested in 89 mutual funds across a wide range of categories including equity, fixed income, alternative and multi asset funds.
Below we share with you three top-rated Oppenheimer mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Oppenheimer mutual funds, investors can click here to see the complete list of Oppenheimer funds .
Oppenheimer International Diversified A (OIDAX - Free Report) seeks growth of capital. OIDAX invests its assets in at least three underlying funds and are expected to allocate a maximum of half of its assets in a particular fund. The fund invests in funds, which in turn allocate the major portions of their assets in foreign securities. These funds invest in securities issued in both emerging and developed markets. Oppenheimer International Diversified A has a three-month return of 11%.
OIDAX has an expense ratio of 0.65% compared with the category average of 1.34%.
Oppenheimer Limited-Term Bond Y (OUSYX - Free Report) invests the lion’s share of its assets in debt securities issued by both the U.S. government and corporate entities. OUSYX may invest not more than 35% of its assets in securities that are rated below investment grade, which are commonly known as "junk bonds”. Oppenheimer Limited-Term Bond Y has a three-month return of 0.8%.
Peter A. Strzalkowski is the fund manager of OUSYX since 2009.
Oppenheimer Equity Investor 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-US companies. Oppenheimer Equity Investor A has a three-month return of 9.4%.
As of February 2016, OAAIX held 687 issues, with 1.66% of its total assets invested in Alphabet Inc A.
To view the Zacks Rank and past performance of all Oppenheimer Mutual Funds, investors can click here to see the complete list of funds .
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at https://www.zacks.com/funds.