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 $250 billion worth of assets (as of May 31, 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. 

Oppenheimer Global Opportunities A (OPGIX - Free Report) focuses on investing in equity securities of both domestic and foreign companies. The fund may also invest around one-fourth of its assets in debt securities that are rated lower than investment-grade. These debt securities are generally known as junk bonds. Oppenheimer Global Opportunities Ahas one-year annualized returns of 30%.

OPGIX has an expense ratio of 1.17% compared with the category average of 1.56%.

Oppenheimer Senior Floating Rate Y (OOSYX - Free Report) 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 4.3% in the past year.

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

Oppenheimer Gold & Special Minerals Y (OGMYX - Free Report) invests mainly in common stocks of companies involved in mining, processing or dealing with gold. OGMYX seeks growth of capital. The fund may also invest nearly one-fourth of its assets in its subsidiary, the Oppenheimer Gold & Special Minerals Fund Ltd. Oppenheimer Gold & Special Minerals Y fund has one-year annualized returns of 0.8%.

As of April 2018, OGMYX held 108 issues, with 6.52% of its assets invested in Evolution Mining Ltd.