3 / 5 Stars
4 2 4 2 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 329 Large Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 19.66 percent over the past year, 11.39 percent over the past three years, 21.34 percent over the past five years, and 8.02 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||1.7%|
|3 Years (Annualized)||11.4%|
|5 Years (Annualized)||21.3%|
|10 Years (Annualized)||8.0%|
Oppenheimer Equity Income has stepped on the gas.
As of April 22, 2014, the fund has assets totaling almost $5.85 billion invested in 410 different holdings. Its portfolio consists primarily of shares of large companies.
Lately, this fund has been on a tear. After beating the broader market by 16 percentage points in 2009, the fund returned 21 percent last year‑enough to land it in the top 2 percent of Morningstar's large-value category. Recently, this fund, like many of its value-oriented peers, has been heavily invested in financial services companies. As of the end of October 2010, 28 percent of the fund's stock sleeve was in the financial sector. Notably, names like JPMorgan Chase, Morgan Stanley, and MetLife occupy prominent spots in its portfolio. The fund has returned 19.66 percent over the past year and 11.39 percent over the past three years.
Historically, this fund has been a solid performer. Its approach, which emphasizes undervalued companies--preferably ones that pay dividends--has traditionally worked out quite well. As of the end of January, the fund's trailing 10-year returns beat those of the S&P 500 by an average of upwards of 4 percentage points per year. The fund has returned 21.34 percent over the past five years and 8.02 percent over the past decade.
According to the fund's prospectus: "In selecting investments for the Fund, the portfolio manager mainly relies on a value-oriented investing style. A security may be undervalued because the market is not aware of the issuer's intrinsic value, does not yet recognize its future potential, or the issuer may be temporarily out of favor. The Fund seeks to realize gains in the prices of those securities when other investors recognize their real or prospective worth. The Fund also looks for securities that offer higher than average dividends."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
Michael Levine manages the fund.
Oppenheimer Equity Income Fund has an expense ratio of 1.94 percent.
Like all stock funds, this one comes with some risks.