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 $182 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 (1.26%), 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, all three of these funds carry a front load.

Oppenheimer International Small-Mid Company Fund A (OSMAX)

  • Assets:  $6.4 billion
  • Category:  Mid Growth
  • Specialty:  Foreign
  • Top Three Holdings: Lonza Group Ltd., Ocado Group PLC,  and H Lundbeck A/S.
  • Load:  5.75%
  • Minimum Investment:  $1,000
  • Expense Ratio:  1.18%
  • 5-Year Average Return:  7.47%

Oppenheimer Rochester MN Municipal A (OPAMX)

  • Assets:  $146 million
  • Category:  Muni Single State Long
  • Specialty:  Muni Minnesota
  • Top Three Holdings: St Louis Park Minn Health Care Hlt 5.75%, Minneapolis & St Paul Minn Met Ctfs 5%, and St Paul Minn Hsg & Redev Auth 5%.
  • Load:  4.75%
  • Minimum Investment:  $1,000
  • Expense Ratio:  0.80%
  • 5-Year Average Return:  4.65%

Oppenheimer Rochester Ohio Municipal A (OROHX)

  • Assets:  $72 million
  • Category:  Muni Single State Long
  • Specialty:  Muni Ohio
  • Top Three Holdings: Buckeye Ohio Tob Settlement Fi Tobacc 6%, Greene Cnty Ohio Rev Greene To 8%, and Grove Ohio Tax Increment Fing Tax 5.375%.
  • Load:  4.75%
  • Minimum Investment:  $1,000
  • Expense Ratio:  0.80%
  • 5-Year Average Return:  3.80%

About the Author - OppenheimerFunds Mutual Funds (Last Reviewed on August 4, 2016)