The following is our latest Fund Analyst Report for Oppenheimer Senior Floating Rate (OOSYX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.
Oppenheimer Senior Floating Rate boasts an experienced team and low fees, and the addition of more-defined risk limits is a positive. However, the fund holds relatively large positions in a number of higher-risk securities, including some going through bankruptcy restructuring. Concerns about the idiosyncratic and liquidity risk introduced by these positions support an Morningstar Analyst Rating of Neutral.
Brian Moriarty does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.