OppenheimerFunds is a subsidiary of MassMutual, 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 more than $213 billion worth of assets (as of Dec 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 International Small-Mid Company A (OSMAX - Free Report) invests a chunk of its assets in equity securities of mid- and small-cap companies. The fund manager focuses on investing in companies included on the MSCI All Country World (ACWI) ex-U.S. SMID Index. OSMAX seeks growth of capital. Oppenheimer International Small-Mid Company A has three-year annualized returns of 7.5%.
Frank V. Jennings is the fund manager of OSMAX since September 2018.
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 three-year annualized returns of 1.5%.
OSDYXhas an annual expense ratio of 0.25%, which is below the category average of 0.50%.
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 three-year annualized returns of 15.1%.
As of September 2018, OGMYX held 96 issues, with 7.46% of its assets invested in Northern Star Resources 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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