Founded in 1959, OppenheimerFunds currently has $242 billion worth of assets under management (as of Jul 31, 2017) invested in 89 mutual funds across a wide range of categories including equity, fixed income and alternative securities, and multi asset funds. With over 2,000 employees including 170 investment professionals, the company serves clients, including individual investors and institutional investors and financial advisors, across 77 countries. OppenheimerFunds 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.

Below we share with you three top-ranked Oppenheimer mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (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 International Diversified Fund Class R (OIDNX - Free Report) invests its assets in at least three underlying funds and is expected to allocate a maximum of half of its assets in a particular fund. OIDNX seeks appreciation of capital. It is known as a “fund of funds” and allocates major portions of its assets in foreign securities. Oppenheimer International Diversified Fund Class R has three-year annualized returns of 5.3%.

OIDNX has an expense ratio of 0.87% compared with the category average of 1.21%.

Oppenheimer Portfolio Series Equity Investor Fund Class A (OAAIX - Free Report) seeks long-term capital growth. OAAIX invests between 40% and 65% of its assets in underlying funds, which in turn allocate most of their assets in domestic equity securities. The fund may also invest 35% to 60% in underlying funds that focus on acquiring securities issued by non-US companies. Oppenheimer Portfolio Series Equity Investor Fund Class Ahas three-year annualized returns of 5.7%.

As of June 2017, OAAIX held 671 issues, with 1.63% of its total assets invested in Apple Inc.

Oppenheimer Limited-Term Bond Fund Class Y (OUSYX - Free Report) invests the lion’s share of its assets in debt securities issued by both the U.S. government and corporate entities. OUSYX may invest not more than 35% of its assets in securities that are rated below investment grade, which are commonly known as junk bonds. Oppenheimer Limited-Term Bond Fund Class Y has three-year annualized returns of 1.8%.

Peter A. Strzalkowski is the fund manager of OUSYX since 2009.