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3 Mutual Funds From Oppenheimer to Add to Your Portfolio

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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 has $250 billion worth of assets (as of May 31, 2018) 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 Global Opportunities A (OPGIX - Free Report) focuses on investing in equity securities of both domestic and foreign companies. The fund may also invest around one-fourth of its assets in debt securities that are rated lower than investment-grade. These debt securities are generally known as junk bonds. Oppenheimer Global Opportunities Ahas one-year annualized returns of 30%.

OPGIX has an expense ratio of 1.17% compared with the category average of 1.56%.

Oppenheimer Senior Floating Rate Y (OOSYX - Free Report) seeks a steady level of income. OOSYX invests primarily in floating rate senior loans that hold significant position in the capital structure of domestic and foreign companies. The fund may also invest not more than one-fifth of its assets in cash or other securities and investments. Oppenheimer Senior Floating Rate Y has returned 4.3% in the past year.

Joseph Welsh is one of the fund managers of OOSYX since 1999.

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 one-year annualized returns of 0.8%.

As of April 2018, OGMYX held 108 issues, with 6.52% of its assets invested in Evolution Mining 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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