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 $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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