OAEIX,OPPAX: Oppenheimer Funds’ Top Funds for Retirement
OppenheimerFunds provides asset management services to advisors, individuals, endowments and institutions through every major asset class, mainly using mutual funds to do so. For individual investors they offer just about every type of asset class you may want to invest in. The following are their best funds for your retirement portfolio.
Oppenheimer Equity Income (OAEIX)
Oppenheimer Equity Income (OAEIX) invests in companies that are considered a value today while allocating at least 80% of assets in equities. There is no cap on how much it can invest in international securities, but the fund aims to keep it under 25%. The Equity Income Fund has a long track record and has beat both the S&P 500 and the large-cap value category over the past 15 years. While the past few years have been harder, the fund is designed to invest for the long term and provide a good yield. The yield is currently 2.99%. The expense ratio is 1.02% and it has a front-end load of 5.75%. (For more, see: Top 5 American Funds for Retirement Diversification in 2016.)
Oppenheimer Global (OPPAX)
Oppenheimer Global (OPPAX) invests in stocks from around the world to gain capital appreciation. While it is allowed broad leeway to invest anywhere in the world and in stocks with any size market capitalization, it does tend to focus on developed countries in the mid and large-cap categories. It has consistently beat the category in the three, five, 10 and 15 year trailing returns. The expense ratio is 1.14% and it has a front-end load of 5.75%.
Oppenheimer International Growth (OIGAX)
Oppenheimer International Growth (OIGAX) has an overall objective of capital appreciation. It does this by investing in growth companies outside of the United States. The only real stipulation on the fund is that 65% of the funds be in common or preferred stock in at least three countries. It currently has the most invested in the United Kingdom, with France and Switzerland following. Over time this fund has consistently outperformed the category and the index that it tracks. It also has the added benefit of having a low turnover of only 10%, helping keep its overall expenses low. The expense ratio is 1.14% and it has a front-end load of 5.75%. (For more, see: The Top 5 Northern Trust Funds for Retirement Diversification in 2016.)
Oppenheimer Corporate Bond (OFIAX)
Oppenheimer Corporate Bond (OFIAX) seeks to maximize total return. It does this by investing in investment grade corporate bonds, mainly in the United States. It is allowed to invest up to 40% of assets outside of the United States. It currently has 17% of its assets outside of the United States. The fund was established in August of 2010, and has beat the category in the three and five year trailing returns. The yield is 2.91%. The expense ratio is 1.01% and it has a front-end load of 4.75%.
Oppenheimer funds are sold with a front-end load on A-shares (the shares discussed in this article). Any time you are using a fund that has a sales load you want to ensure that you are going to stay in the fund for an extended period of time. If you don't leave the money in for a long time you lose out on growth due to the initial fees paid. (For more, see: Stop Paying High Mutual Fund Fees.)
The Bottom Line
Oppenheimer has a variety of mutual funds for retirement portfolios. To make the most of your investments ensure that you will be invested in them long enough to make the front-end load worth the price. (For more, see: The Top 3 Invesco Funds for Retirement Diversification in 2016.)