Top Oppenheimer Mutual Funds 2013
OppenheimerFunds Inc is part of MassMutual Financial Group. It manages more than $225 billion in assets, including mutual funds having more than 6 million shareholder accounts. John V. Murphy is the Chairman, President and CEO of this OppenheimerFunds Inc. It offers a wide selection of products and services to individual and institutional investors. Some of the products include mutual funds, managed accounts, investment management for corporations, hedge fund products, and retirement plans.These best Oppenheimer mutual funds for 2013 are selected based on its performance history and transaction fee. These Oppenheimer funds do have a sales load. The funds are ranked with 3 star rating or higher by Morningstar. You may find the fund review below and other fund information. I also have selected my favorite funds below.
The 20 best Oppenheimer mutual funds for 2013 are:
- Oppenheimer Developing Markets Fund
- Oppenheimer Limited Term NY Municipal Fund
- Oppenheimer Limited Term CA Muni Fund
- Oppenheimer Global Fund
- Rochester Municipals Fund
- Oppenheimer International Bond Fund
- Oppenheimer Senior Floating Rate Fund
- Oppenheimer Equity Income Fund
- Oppenheimer International Growth Fund
- Oppenheimer International Diversified Fund
- Oppenheimer AMT-Free NY Municipals Fund
- Oppenheimer PA Municipal Fund
- Oppenheimer NJ Municipal Fund
- Oppenheimer Rochester MN Municipal Fund
- Oppenheimer Rochester MD Municipal Fund
- Oppenheimer Global Strategic Income Fund
- Oppenheimer Limited Term Municipal Fund
- Oppenheimer Rising Dividends Fund
- Oppenheimer Global Opportunities Fund
- Oppenheimer Gold & Special Minerals Fund
Oppenheimer Developing Markets Fund (ODMAX)
This Oppenheimer Developing Markets Fund is ranked with 5-stars rating. It utilizes its assets to purchase stocks of companies in developing and emerging markets throughout the world. Justin Leverenz is the fund manager. It has 0.38% yield. The total assets are $32 billion. This class A fund has an expense ratio of 1.36% per year.This top Oppenheimer mutual fund has a 5-year average return of 6.58%. It has returned 12.21% over the past 3 year, and 20.66% over the past 10 year. You can buy this mutual fund with $1,000 initial funding for regular brokerage and $500 initial funding for individual retirement account (IRA).
As of January 2013, the top 3 holdings are Baidu Inc ADR, America Movil S.A.B. de C.V. ADR, and Infosys Ltd. Its top 2 sectors are consumer defensive and consumer cyclical. The fund’s shares price is $36.33.
Oppenheimer Limited Term New York Municipal Fund (LTNYX)
The Oppenheimer Limited Term New York Municipal Fund objective is to provide high income level exempt from federal income tax and New York State and New York City. The dividend yield is 3.82%. The sales load is 2.25%. It has $5.7 billion of total assets. The expense ratio is 0.72% per year. It also has turnover rate of 15%.More: Best BlackRock Mutual Funds for 2013
This best mutual fund can be purchased from 97 brokerages. The brokerages include UBS Financial Services Inc, E*TRADE Financial, Raymond James, JPMorgan, Fidelity Retail FundsNetwork,etc. It is ranked with 5-stars rating. The other classes of this fund are: Class B (LTBBX), Class C (LTNCX), and Class Y (LTBYX).
Oppenheimer Global Fund (OPPAX)
This Oppenheimer Global Fund invests mainly in common stock of U.S. and foreign companies. Managed by Rajeev Bhaman since 2004, it has $9.1 billion of assets. The annual expense ratio rate is 1.22%. The holdings turnover rate is 12%. It also has a yield of 0.92%.Morningstar has ranked this world stock fund with 4 star and silver rating. As one of the best Oppenheimer mutual funds for 2013, it has 5-years annualized return of 4.74%. The fund’s NAV is $68.03. The minimum initial investment for IRA is $500. The top 3 stocks in its portfolio are Ericsson Telephone Company, eBay Inc, and SAP AG.
Oppenheimer International Bond Fund (OIBAX)
The Oppenheimer International Bond Fund is another 4-stars mutual fund. It invests majority of assets in bonds of issuers in both developed and emerging markets around the world. The mutual fund is introduced to investors on June 14, 1995. The assets are totaling $12.9 billion. It does have a high yield of 3.70%. Its expense ratio is below average, 1.02%.As part of OppenheimerFunds family, this world bond mutual fund is ranked with 4-stars rating. As one of the best Oppenheimer mutual fund2 2013, it has returned 6.46% over the past 3 year, 5.54% over the past 5 year, and 9.27% over the past 10 year. The best 1 year total returned was achieved in 2003 with 25.87%.
The top 3 bond sectors are government bond (62.54%), corporate bond (25.27%), and agency/quasi-agency bond (4.25%). The risk is rated with high. It has an average effective duration of 6.06 years.
Oppenheimer Senior Floating Rate Fund (OOSAX)
Oppenheimer Senior Floating Rate Fund uses its assets to buy floating rate loans of U.S. and foreign companies. It has a high yield of 5.1%. This bank loan mutual fund has $7.9 billion of total assets. The portfolio turnover rate is 54%. Joseph Welsh and Margaret Hui are the fund managers. The shares price is $8.34 on February 9, 2013.More: Best Invesco Mutual Funds for 2013
This best Oppenheimer mutual fund has above average return. It has returned 7% over the past 1 year, 7.42% over the past 3 year, and 6.28% over the past 5 year. If you invested $10,000 in this fund 3 year ago, your capital would have grown to $13,558.
Oppenheimer International Growth Fund (OIGAX)
This Oppenheimer International Growth Fund aim is to seek long term capital growth through investment in stocks of growth companies located outside of U.S.A. This foreign large blend mutual fund has a yield of 1.16%. Its expense ratio is low, 1.28%. The portfolio turnover rate is only 15%. The fund’s NAV is 32.14.As part of best Oppenheimer mutual funds for 2013, this equity mutual fund has 3-year average return of 12.56%. The top 5 stocks in its assets are SAP AG, BT Group PLC, Experian PLC, William Hill PLC, and James Hardie Industries PLC ADR. The top 2 sectors are industrials (21.90%), and consumer cyclical (16.38%).
Disclosure: No Position
OppenheimerFunds Information
| No | Fund Description | Symbol | Category | Rating | Assets |
|---|---|---|---|---|---|
| 1 | Oppenheimer Developing Markets A | Diversified Emerging Mkts | 5 | 13015.28 | |
| 2 | Oppenheimer Limited Term NY Municipal A | Muni Single State Short | 5 | 3866.7 | |
| 3 | Oppenheimer Limited Term CA Muni A | Muni Single State Short | 5 | 380.68 | |
| 4 | Oppenheimer Global A | World Stock | 4 | 7005.91 | |
| 5 | Rochester Municipals A | Muni New York Long | 4 | 6953.77 | |
| 6 | Oppenheimer International Bond A | World Bond | 4 | 5883.87 | |
| 7 | Oppenheimer Senior Floating Rate A | Bank Loan | 4 | 3224.33 | |
| 8 | Oppenheimer Equity Income A | Large Value | 4 | 2717.14 | |
| 9 | Oppenheimer International Growth A | Foreign Large Growth | 4 | 2640.47 | |
| 10 | Oppenheimer International Diversified A | Foreign Large Blend | 4 | 1257.53 | |
| 11 | Oppenheimer AMT-Free NY Municipals A | Muni New York Long | 4 | 1225.97 | |
| 12 | Oppenheimer PA Municipal A | Muni Pennsylvania | 4 | 828.15 | |
| 13 | Oppenheimer NJ Municipal A | Muni New Jersey | 4 | 433.28 | |
| 14 | Oppenheimer Rochester MN Municipal A | Muni Minnesota | 4 | 107.17 | |
| 15 | Oppenheimer Rochester MD Municipal A | Muni Single State Long | 4 | 49.54 | |
| 16 | Oppenheimer Global Strategic Inc A | Multisector Bond | 3 | 6403.81 | |
| 17 | Oppenheimer Limited Term Municipal A | High Yield Muni | 3 | 3563.61 | |
| 18 | Oppenheimer Rising Dividends A | Large Blend | 3 | 2193.46 | |
| 19 | Oppenheimer Global Opportunities A | World Stock | 3 | 1849.37 | |
| 20 | Oppenheimer Gold & Special Minerals A | Equity Precious Metals | 3 | 1497.53 |
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