The Oppenheimer Main Street Fund
The Oppenheimer Main Street Fund (MSIGX) focuses on US large capitalization companies with a market capitalization equal to companies in the Russell 1000 Index. The Russell 1000 Index’s companies have an average market capitalization of $113 billion. The MSIGX fund seeks to outperform its benchmark, the S&P 500. The portfolio is constructed upon fundamental analysis and quantitative models to rank securities within each sector. The MSIGX fund has been managed by three portfolio managers, and Global Asset Management is the fund’s investment adviser.
The MSIGX fund was launched in February 1988, and since inception has given a return of 11.0% as of September 2015. The fund invests mostly in domestic stocks, with 92.1% of its net assets invested in the United States, while the remaining assets are invested in Canada and Germany. The fund has a minimum investment requirement of $1,000.
The fund’s assets under management are $6.7 billion as of September 2015. The annual cost of managing the fund is 0.94% of the value of investment. The fund’s beta for the three-year period ending September 2015 was 1.01.
The top invested sectors of the MSIGX fund are financials, information technology, and healthcare, forming 18.6%, 18.4%, and 15.6%, respectively, of the fund’s net assets.
As of September 2015, the MSIGX fund was invested in 67 companies, with its top twenty holdings making up 51.6% of its portfolio. These top holdings include Citigroup (C), Mondelez International (MDLZ), Chevron (CVX), Amdocs Limited (DOX), and Suncor Energy (SU).
Next, let’s analyze the performance of the MSIGX fund.