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Bet on These 3 Best Oppenheimer Mutual Funds

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OppenheimerFunds is a subsidiary of MassMutual, which has at least $246 billion worth of assets (as of Sep 28, 2018) under management invested in 76 mutual funds across a wide range of categories including equity, fixed income, alternative and multi asset funds. It 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.

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 Y (OGLYX - Free Report) invests heavily in common stocks of both domestic and foreign companies. OGLYX focuses on investing in foreign securities, which include those from developing and emerging markets. The fund seeks appreciation of capital for the long run. Oppenheimer Global Y has one-year annualized returns of 10.3%.

OGLYX has an annual expense ratio of 0.89%, which is below the category average of 1.16%.

Oppenheimer International Diversified Y (OIDYX - Free Report) seeks appreciation of capital. This is a "fund of funds" that means that the fund invests in other mutual funds. OIDYX invests in at least three underlying funds, with not more than 50% of the fund’s assets invested in any one underlying funds. Oppenheimer International Diversified Yhas one-year annualized returns of 3.2%.

George R. Evans is the fund manager of OIDYX since 2005.

Oppenheimer Ultra-Short Duration Y (OSDYX - Free Report) invests primarily in fixed and floating rate, investment-grade debt securities. These short-term debt securities are generally U.S. dollar denominated. The fund seeks growth of income. Oppenheimer Ultra-Short Duration Y has one-year annualized returns of 1.7%.

As of August 2018, OSDYX held 220 issues, with 1.00% of its assets invested in Skandinaviska Enskilda Banken AB (publ) 2.74%.

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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