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OppenheimerFunds Mutual Funds

Last updated 4th Oct 2022
Disclosure

In this article, we're going to be discussing Oppenheimer Funds mutual funds. The correct spelling of the fund is actually one word: OppenheimerFunds. As part of this discussion, we'll start with a brief history of the company. Next, we'll talk about their fee structures and investment returns. Finally, we'll provide a short list of the top performing mutual funds at Oppenheimer.

OppenheimerFunds Family of Funds

OppenheimerFunds was originally part of Oppenheimer Management Corporation, which had two other operating subsidiaries: Oppenheimer Capital, and Oppenheimer & Company. After a series of acquisitions, OppenheimerFunds was separated from the rest of the family of companies, and has remained under a separate ownership structure since 1990.

Since that time, they've grown to offer a diverse set of mutual funds and retirement plans. This includes offerings to investors such as Traditional IRAs and Roth IRAs. With just over $211 billion in investor assets under its control, OppenheimerFunds would not be considered a large fund family when compared to Fidelity Mutual Funds. Where Oppenheimer appears to have carved out a niche in the market is with its bond funds. Nearly 37% of the fund's assets are held in taxable bonds and municipal bond funds.

Fee Structure and Returns

According to Morningstar, the expense ratios for a mutual fund at Oppenheimer range from Average for their domestic stock (1.17%), international stock (1.21%) and taxable bond funds (1.05%) to Above Average for their municipal bond fund (1.19%). As mentioned earlier, a relatively large proportion of assets are invested in bond funds (26%) while domestic stocks (16%) and international stocks (16%) make up the balance.

The minimum investment to open an account at OppenheimerFunds is just $1,000. As was the case with American Mutual Funds, nearly all of the funds carry a load. In fact, only 47.15% of the assets held at Oppenheimer are no-load mutual funds. As of September 2019, the average return for an OppenheimerFunds mutual fund over the last five years was 6.01%.

Top Rated OppenheimerFunds Mutual Funds

Despite the fact OppenheimerFunds carries a large number of bond funds; all of the top three mutual funds are of this type. Unfortunately, all three of these funds carry a front load.

Oppenheimer International Small-Mid Company Fund A (OSMAX)

  • Assets: $10.9 billion
  • Category: Mid Growth
  • Specialty: Foreign
  • Top Three Holdings: NICE Ltd, Carl Zeiss Medtec, and OBIC Co.
  • Load: 5.75%
  • Minimum Investment: $1,000
  • Expense Ratio: 1.41%
  • 5-Year Average Return: 13.49%

Oppenheimer Rochester High Yield Municipal Fund (ORNAX)

  • Assets: $6.3 billion
  • Category: High Yield Muni
  • Specialty: None
  • Top Three Holdings: Michigan TOB Settlement, California County TOB, Buckeye Ohio
  • Load: 4.75
  • Minimum Investment: $1,000
  • Expense Ratio: 1.13%
  • 5-Year Average Return: 8.47%

Oppenheimer Global Opportunities Fund A (ORGIX)

  • Assets: $9.7 billion
  • Category: Mid Growth
  • Specialty: World Stocks
  • Top Three Holdings: Nektar Therapeutics, Advanced Micro Devices, Coherent Inc.
  • Load: 5.75% (front end)
  • Minimum Investment: $1,000
  • Expense Ratio: 1.17%
  • 5-Year Average Return: 16.36%

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Moneyzine Editor

Moneyzine Editor