Founded in 1959, OppenheimerFunds currently has $222 billion worth of assets (as of July 29, 2016) under management invested in 89 mutual funds across a wide range of categories including equity, fixed income and alternative securities, and multi asset funds. With over 2,000 employees including 170 investment professionals, the company serves clients, including individual investors and institutional investors and financial advisors, across 77 countries. OppenheimerFunds 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.
Below we share with you four 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. Investors can click here to see the complete list of Oppenheimer funds .
Oppenheimer International Value YQIVYX may invest all of its assets in securities of non-U.S. companies, which are believed to be undervalued. QIVYX invests more than 80% of its assets in equity and preferred securities of companies located in at least five different countries other than the U.S. Oppenheimer International Value Y has a three-year annualized return of 2.4%.
QIVYX has an expense ratio of 1.06% compared with the category average of 1.12%.
Oppenheimer Rochester High Yield Muni AORNAX seeks tax-exempted income. ORNAX invests a large chunk of its assets in securities that are expected to provide returns exempted from regular federal and state income taxes. The assets of ORNAX are invested mainly in municipal securities. Oppenheimer Rochester High Yield Muni A has a three-year annualized return of 10.6%.
Scott Cottier is one of the fund managers of ORNAX since 2002.
Oppenheimer International Diversified R OIDNX 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. OIDNX seeks appreciation of capital. 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 R has a three-year annualized return of 3.3%.
OIDNX has an expense ratio of 0.90% compared with the category average of 1.15%.
Oppenheimer International Growth YOIGYX seeks growth of capital. OIGYX may invest all of its assets in non-U.S. companies with impressive growth prospects. The fund invests more than 65% of its assets in common and preferred stocks of companies located in at least three different countries other than the U.S. Oppenheimer International Growth Y has a three-year annualized return of 3%.
As of June 2016, OIGYX held 110 issues, with 1.89% of its assets invested in Dollarama Inc.
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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