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 $229 billion worth of assets (as of Oct 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 Gold & Special Minerals Y OGMYX 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 a three-year annualized return of 15.1%.
OGMYX has an expense ratio of 0.92% compared to a category average of 1.38%.
Oppenheimer Discovery A OPOCX primarily invests in common stocks of domestic companies with solid growth potential. OPOCX invests in securities of companies having market capitalization similar to those listed on the Russell 2000 Growth Index. The Oppenheimer Discovery A fund has a three-year annualized return of 9%.
As of Jan 2019, OPOCX held 90 issues, with 2.30% of its assets invested in RingCentral Inc Class A.
Oppenheimer Limited-Term Bond Fund Class Y OUSYX 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 Fund Class Y has a three-year annualized return of 1.9%.
Peter A. Strzalkowski is the fund manager of OUSYX since 2009.
To view the Zacks Rank and past performance of all Oppenheimer Mutual Funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Original post
Zacks Investment Research