The Oppenheimer Main Street Fund
The Oppenheimer Main Street A Fund (MSIGX) invests most of its funds in the common stocks (C), (CME), (AAPL), (GOOG) of US companies. The fund’s literature states that “the portfolio is constructed and monitored based upon several analytical tools, including quantitative investment models.” The fund was launched on February 3, 1988, and was managing assets worth $7.2 billion as of October 2015.
The MSIGX is focused on the information technology (or IT) sector with 18.3% of fund’s assets invested there as of October 2015. Meanwhile, financials comprised 17.9% of the fund’s portfolio, and the health care sector comprised 15% of the fund’s portfolio. The Industrials and consumer staples sectors round off the top five invested sectors by the fund.
As of October 2015, the MSIGX’s top holding in the information technology sector included Apple (AAPL) and Alphabet (GOOG), forming a combined 9.7% of the fund’s portfolio. Top holdings in the financial sector included Citigroup (C), and CME Group (CME). The two formed a combined 6.4% of the fund’s portfolio as of October 2015.
Fees and minimums
To invest in MSIGX, you need a minimum initial investment of $1,000. The maximum sales charge that can be imposed at the time of purchase is 5.75% of the offering price. The fund has a gross expense ratio of 0.94% of total assets.
In the next article, we’ll look more closely at the John Hancock Disciplined Value Fund.