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3 Oppenheimer Mutual Funds to Pick Up Right Now

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 is a subsidiary of MassMutual, which is one of the leading asset managers with more than $600 billion assets under management along with its affiliates.

OppenheimerFunds has $229 billion worth of assets (as of Nov 30, 2018) under management invested in 76 mutual funds across a wide range of categories including equity, fixed income, alternative and multi asset funds. The fund family has offices in Seattle, Denver, Rochester, New York and Dallas.

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 Senior Floating Rate Y OOSYX seeks a steady level of income. OOSYX invests primarily in floating rate senior loans that hold a significant position in the capital structure of domestic and foreign companies. The fund may also invest not more than one-fifth of its assets in cash or other securities and investments. Oppenheimer Senior Floating Rate Y has returned 5.7% in the past three years.

Joseph Welsh is one of the fund managers of OOSYX since 1999.

Oppenheimer Gold & Special Minerals AOPGSX invests primarily in common stocks of companies engaged in processing, mining and dealing in gold, gold bullion and precious metals-based ETFs. OPGSX invests not more than one-fourth of its assets in the Oppenheimer Gold & Special Minerals Fund (Cayman) Ltd. Oppenheimer Gold & Special Minerals A has three-year annualized returns of 12.5%.

OPGSX has an expense ratio of 1.16% compared with the category average of 1.37%.

Oppenheimer Ultra-Short Duration Y OSDYX invests primarily in fixed and floating rate, investment-grade debt securities. These short-term debt securities are generally U.S. dollar denominated. The fund seeks growth of income. Oppenheimer Ultra-Short Duration Y has three-year annualized returns of 1.4%.

As of November 2018, OSDYX held 181 issues, with 1.03% of its assets invested in SkandinaviskaEnskildaBanken AB (publ) 3.07%.

To view the Zacks Rank and past performance of all Oppenheimer Mutual Funds, investors can click here to see the complete list of funds .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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