The Oppenheimer Main Street Fund’s Performance Analysis


Nov. 3 2015, Updated 8:08 a.m. ET

The Oppenheimer Main Street Fund compared to the S&P 500

The Oppenheimer Main Street Fund (MSIGX) returned 10.9% monthly for the period ending October 29, 2015. However, the MSIGX fund fell 5.6% in the last three months ending September 2015, while its benchmark, the S&P 500, fell 6.4% in the same period. In the third quarter, the sectors that fell the most were energy and materials, as they fell by 17.4% and 16.9%, respectively. The MSIGX fund has a portfolio exposure of 6.1% in the energy sector, and the energy sector’s return in the MSIGX fund was impacted negatively by falling Brent crude oil prices, contributing negatively to the overall return of the fund.

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More on returns

The MSIGX fund has fallen by 0.4% for the one-year period ending September 2015. Meanwhile, the fund has performed relatively better in the three-year period ending September 2015 with a positive return of 11.8%. In the five-year period ending September 2015, the fund had positive returns of 12.6%. The overall return of the fund since inception is 6.2% less than its benchmark’s—the S&P 500—return of 6.8% for the same period, ending September 30, 2015.

Performance of top holdings

For the month ending September 2015, the top ten holdings of the MSIGX fund for the month included Citigroup (C), at 3.6% of the fund’s net assets. Citigroup’s stock fell by 7.2% in September 2015. Meanwhile, Mondelez International (MDLZ), with a portfolio weight of 3.4%, fell by 0.8% in September. Chevron (CVX), with a portfolio weight of 2.3%, fell by 2.6% in September. Amdocs Limited (DOX), a portfolio holding that forms 2.1% of the fund’s net assets, fell by 0.3% in September. Suncor Energy (SU), at 1.7% of the fund’s the fund’s net assets, fell by 4.6% in September.


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