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Guide to Oppenheimer International Growth Y Fund (OIGYX)

Oppenheimer International Growth Y (OIGYX) a Zacks Ranked #1 (Strong Buy) was incepted in March 1996 and is managed by Oppenheimer Funds Group. OIGYX seeks long-term capital appreciation. The fund invests mainly in common stocks of growth companies that are domiciled outside the United States or have their primary operations outside the U.S. OIGYX can invest in emerging markets as well as developed markets throughout the world, although it may place greater emphasis on investing in one or more particular regions from time to time, such as Asia, Europe or Latin America. OIGYX can invest 100% of its assets in foreign securities. OIGYX invests at least 65% of its total assets in foreign common and preferred stock of issuers in at least three different countries outside the United States.

This Non US-Equity product, as of the last filing, allocates their fund in three major groups; Foreign Stock, High Yield Bond and Large Growth. Further, as of the last filing, Nippon Telegraph and Telephone Corporation, Dollarama Inc. and Infineon Technologies AG were the top holdings for OIGYX.

Oppenheimer International Growth Y, managed by Oppenheimer, carries an expense ratio of 0.89%. Moreover, OIGYX requires a minimal initial investment of $0.

OIGYX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 4.12% and 5 year 4.61%. To see how this fund performed compared in its category, please click here.

OIGYX’s performance, as of the last filing, when compared to funds in its category was in the top 6% in 1 year, top 10% over the past 3 years, and in the 7% over the past 5 years.

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