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Is Oppenheimer International Small -Mid Company Y (OSMYX) a Strong Mutual Fund Pick Right Now?
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Any investors hoping to find a Mutual Fund Equity Report fund might consider looking past Oppenheimer International Small -Mid Company Y (OSMYX - Free Report) . OSMYX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Invesco is responsible for OSMYX, and the company is based out of Kansas City, MO. Oppenheimer International Small -Mid Company Y made its debut in September of 2005, and since then, OSMYX has accumulated about $2.23 billion in assets, per the most up-to-date date available. David Nadel is the fund's current manager and has held that role since November of 2019.
Performance
Investors naturally seek funds with strong performance. OSMYX has a 5-year annualized total return of 3.47% and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 1.8%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, OSMYX's standard deviation comes in at 22.43%, compared to the category average of 17.02%. Over the past 5 years, the standard deviation of the fund is 19.45% compared to the category average of 15%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.01, so it is likely going to be as volatile as the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. The fund has produced a negative alpha over the past 5 years of -7.3, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, OSMYX is a no load fund. It has an expense ratio of 1.06% compared to the category average of 1.15%. OSMYX is actually cheaper than its peers when you consider factors like cost.
This fund requires a minimum initial investment of $1,000, and each subsequent investment should be at least $50.
Bottom Line
Overall, Oppenheimer International Small -Mid Company Y ( OSMYX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a somewhat weak choice for investors right now.
Want even more information about OSMYX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.
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Is Oppenheimer International Small -Mid Company Y (OSMYX) a Strong Mutual Fund Pick Right Now?
Any investors hoping to find a Mutual Fund Equity Report fund might consider looking past Oppenheimer International Small -Mid Company Y (OSMYX - Free Report) . OSMYX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Invesco is responsible for OSMYX, and the company is based out of Kansas City, MO. Oppenheimer International Small -Mid Company Y made its debut in September of 2005, and since then, OSMYX has accumulated about $2.23 billion in assets, per the most up-to-date date available. David Nadel is the fund's current manager and has held that role since November of 2019.
Performance
Investors naturally seek funds with strong performance. OSMYX has a 5-year annualized total return of 3.47% and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 1.8%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, OSMYX's standard deviation comes in at 22.43%, compared to the category average of 17.02%. Over the past 5 years, the standard deviation of the fund is 19.45% compared to the category average of 15%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.01, so it is likely going to be as volatile as the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. The fund has produced a negative alpha over the past 5 years of -7.3, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, OSMYX is a no load fund. It has an expense ratio of 1.06% compared to the category average of 1.15%. OSMYX is actually cheaper than its peers when you consider factors like cost.
This fund requires a minimum initial investment of $1,000, and each subsequent investment should be at least $50.
Bottom Line
Overall, Oppenheimer International Small -Mid Company Y ( OSMYX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a somewhat weak choice for investors right now.
Want even more information about OSMYX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.