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Looking for a Mutual Fund Equity Report fund? You may want to consider Oppenheimer International Small -Mid Company Y (OSMYX) as a possible option. OSMYX holds a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
OSMYX is a part of the Invesco family of funds, a company based out of Kansas City, MO. The Oppenheimer International Small -Mid Company Y made its debut in September of 2005 and OSMYX has managed to accumulate roughly $1.98 billion in assets, as of the most recently available information. The fund's current manager, David Nadel, has been in charge of the fund since November of 2019.
Performance
Of course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 2.6%, and it sits in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 5.27%, 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. Compared to the category average of 18.85%, the standard deviation of OSMYX over the past three years is 24.33%. Looking at the past 5 years, the fund's standard deviation is 21.05% compared to the category average of 16.29%. 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 1.03, so it is likely going to be as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. The fund has produced a negative alpha over the past 5 years of -6.39, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, OSMYX is a no load fund. It has an expense ratio of 1.09% compared to the category average of 1.14%. From a cost perspective, OSMYX is actually cheaper than its peers.