Some good Oppenheimer mutual funds are the Rochester Limited Term California Municipal Fund A, Rochester Minnesota Municipal Fund A, Developing Markets Fund A and the Fundamental Alternatives Fund A. In total, the company manages 89 mutual funds, with 17 of them rated 4 out of 5 stars by Morningstar, per OppenheimerFunds.Continue Reading
The Rochester Limited Term California Municipial Fund A has a five-star rating by Morningstar for its three year, five-year and ten-year performance. The fund is heavily diversified, with holdings in the Special Tax, General Obligation, Tobacco, Healthcare and Municipal Leases sectors, notes OppenheimerFunds. California is the base for over 80 percent of the fund's holdings.
OppenheimerFunds' Minnesota Municipal Fund A has an overall five-star rating from Morningstar. Over 93 percent of the holdings in this fund are from Minnesota, states OppenheimerFunds. The most notable sectors include Healthcare, Adult Living Facilities, Marine and Aviation Facilities, Education and Tax Increment Financing.
The Developing Markets Fund A receives a four-star rating from Morningstar, according to OppenheimerFunds. This fund focuses on developing markets around the world, such as China, India, Hong Kong, Russia, Brazil and Mexico. No stock makes up more than 5 percent of the fund, with the Housing Development Finance Corporation, Tencent Holdings and the Alibaba Holding Group the top investments.Learn more about Investing