OppenheimerFunds Mutual Funds

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 $205 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 (1.29%), international stock (1.28%) and taxable bond funds (1.08%) to Above Average for their municipal bond fund (1.09%).  As mentioned earlier, a relatively large proportion of assets are invested in bond funds (39%) while domestic stocks (28%) and international stocks (21%) 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 37.9% of the assets held at Oppenheimer are no-load mutual funds.  As of August 2016, the average return for an OppenheimerFunds mutual fund over the last five years was 4.14%.

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, two of  these funds carry a front load.

 

Oppenheimer International Small-Mid Company Fund A (OSMAX)

Assets: $9.3 billion
Category: Mid Growth
Specialty: Foreign
Top Three Holdings: Lonza Group Ltd., NICE Ltd, and H Lundbeck A/S.
Load: 5.75%
Minimum Investment: $1,000
Expense Ratio: 1.42%
5-Year Average Return: 17.47%

Oppenheimer Rochester Short Term Municipal Fund (ORSYX)

Assets: $1.1 billion
Category: Muni National Short
Specialty: None
Top Three Holdings: Tender Opt Treasury Receipts, Austin Texas Revenue 5.25%, and Miami-Dade County Cfts.
Load: None%
Minimum Investment: $1,000
Expense Ratio: 0.55%
5-Year Average Return: 2.06%

Oppenheimer Global Opportunities Fund A (ORGIX)

Assets: $5.8 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: 1.19%
5-Year Average Return: 17.38%

 


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