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OPOCX

Discovery Fund
  • A,B
  • 1

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Special Notice

As of 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

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Overview

The Strategy typically invests in small-cap U.S. growth stocks.

Inception Date
September 11, 1986
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921100
NAV
  • D
(as of 05/17/2019)
$77.44
Total Assets
(as of 04/30/2019)
$2.60 BN
Gross Expense Ratio
(as of 04/30/2019)
1.08%
Net Expense Ratio
(as of 04/30/2019)
1.08%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • E
as of 03/31/2019
  • E

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • E
Cumulative
Annualized
ytd as of 2019-03-31
  • F
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
19.11% 10.37% 17.94% 9.57% 16.87% 10.59%
Russell 2000® Growth Index
17.14% 3.85% 14.87% 8.41% 16.52% -
Cumulative
Annualized
ytd as of 2019-03-31
  • F
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
12.26% 4.02% 15.63% 8.28% 16.18% 10.39%
Russell 2000® Growth Index
17.14% 3.85% 14.87% 8.41% 16.52% -
Cumulative
Annualized
ytd as of 2019-04-30
  • F
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
23.51% 15.00% 18.73% 12.40% 16.57% 10.69%
Russell 2000® Growth Index
20.71% 6.91% 15.64% 10.22% 15.24% -
Cumulative
Annualized
ytd as of 2019-04-30
  • F
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
16.41% 8.39% 16.41% 11.08% 15.88% 10.49%
Russell 2000® Growth Index
20.71% 6.91% 15.64% 10.22% 15.24% -
Gross Expense Ratio: 1.08% | Net Expense Ratio: 1.08%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.


Year Discovery Fund Russell 2000® Growth Index
1987 13.66% -
1988 19.69% -
1989 34.03% -
1990 -15.05% -
1991 72.31% -
1992 16.63% 7.77%
1993 17.84% 13.37%
1994 -11.18% -2.43%
1995 36.79% 31.04%
1996 14.79% 11.26%
1997 10.36% 12.95%
1998 -2.00% 1.23%
1999 51.31% 43.09%
2000 -13.26% -22.43%
2001 -11.59% -9.23%
2002 -24.10% -30.26%
2003 38.98% 48.54%
2004 3.98% 14.31%
2005 1.34% 4.15%
2006 4.84% 13.35%
2007 25.81% 7.05%
2008 -38.59% -38.54%
2009 27.31% 34.47%
2010 27.75% 29.09%
2011 1.47% -2.91%
2012 16.99% 14.59%
2013 46.12% 43.30%
2014 -2.19% 5.60%
2015 1.98% -1.38%
2016 4.23% 11.32%
2017 29.12% 22.17%
2018 -3.60% -9.31%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.


Date Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
4/30/2009 0.00 0.00 0.00 0.00
5/31/2009 3.05 3.87 9.06 5.59
6/30/2009 6.19 7.24 8.57 5.80
7/31/2009 12.51 15.55 17.76 13.81
8/31/2009 13.96 16.68 22.62 17.91
9/30/2009 21.13 24.34 27.51 22.31
10/31/2009 15.38 15.70 25.24 20.04
11/30/2009 20.69 19.28 30.36 27.24
12/31/2009 30.85 29.49 32.70 29.70
1/31/2010 24.13 23.70 27.22 25.03
2/28/2010 29.05 29.09 29.01 28.91
3/31/2010 39.36 39.35 37.00 36.69
4/30/2010 43.69 45.20 37.02 38.84
5/31/2010 34.77 35.60 23.89 27.76
6/30/2010 25.79 26.50 19.64 21.07
7/31/2010 31.71 34.87 29.34 29.55
8/31/2010 25.37 25.03 24.52 23.70
9/30/2010 41.29 42.73 36.13 34.74
10/31/2010 49.67 48.87 41.20 39.87
11/30/2010 57.79 55.36 38.15 39.89
12/31/2010 67.16 67.16 48.31 49.24
1/31/2011 70.33 66.22 51.66 52.77
2/28/2011 83.11 76.00 56.97 58.01
3/31/2011 91.91 82.60 55.42 58.07
4/30/2011 101.10 89.18 62.03 62.75
5/31/2011 95.52 85.49 58.66 60.91
6/30/2011 94.40 81.52 56.15 58.23
7/31/2011 86.22 74.41 53.32 55.01
8/31/2011 70.72 59.47 42.52 46.59
9/30/2011 56.19 41.14 30.21 36.29
10/31/2011 74.10 63.52 43.68 51.18
11/30/2011 72.73 62.66 40.17 50.85
12/31/2011 69.61 62.30 40.09 52.39
1/31/2012 78.13 74.44 47.12 59.22
2/29/2012 89.09 80.18 54.31 66.10
3/31/2012 94.29 83.84 56.29 71.57
4/30/2012 99.30 80.82 54.52 70.49
5/31/2012 85.90 67.94 41.18 60.25
6/30/2012 91.06 76.60 48.37 66.85
7/31/2012 91.47 73.52 50.28 69.17
8/31/2012 99.99 79.75 54.09 72.98
9/30/2012 105.97 85.14 58.32 77.45
10/31/2012 98.52 79.39 57.26 74.17
11/30/2012 95.95 80.77 59.27 75.18
12/31/2012 98.44 85.97 62.26 76.78
1/31/2013 109.96 98.21 70.53 85.93
2/28/2013 110.47 100.32 70.81 88.46
3/31/2013 121.09 110.54 74.81 95.52
4/30/2013 119.03 109.16 80.32 99.29
5/31/2013 129.44 119.77 80.39 103.95
6/30/2013 131.23 118.40 75.94 101.21
7/31/2013 149.90 134.92 85.20 111.45
8/31/2013 153.47 130.33 81.26 105.33
9/30/2013 168.94 146.36 90.33 111.77
10/31/2013 175.31 150.85 97.78 121.50
11/30/2013 182.09 161.15 101.29 128.25
12/31/2013 189.95 166.50 105.55 134.03
1/31/2014 185.29 161.90 97.94 125.94
2/28/2014 200.05 174.56 107.85 136.28
3/31/2014 183.00 167.79 108.15 138.26
4/30/2014 158.25 154.04 110.28 140.02
5/31/2014 157.34 156.49 114.42 145.66
6/30/2014 176.46 172.41 118.25 150.73
7/31/2014 159.41 155.91 114.77 147.27
8/31/2014 171.70 170.18 119.50 157.17
9/30/2014 163.01 155.71 113.54 153.56
10/31/2014 176.64 171.57 114.93 159.75
11/30/2014 179.29 173.33 119.23 166.74
12/31/2014 183.58 181.43 115.70 166.07
1/31/2015 178.50 175.01 111.79 158.08
2/28/2015 199.42 194.80 124.20 172.91
3/31/2015 204.62 200.09 120.69 168.60
4/30/2015 193.74 191.26 125.86 171.17
5/31/2015 208.14 201.96 126.64 174.66
6/30/2015 215.38 206.02 121.37 169.34
7/31/2015 225.66 207.27 125.35 174.99
8/31/2015 198.86 183.99 110.43 158.39
9/30/2015 185.18 166.05 102.67 152.00
10/31/2015 196.02 181.14 118.73 173.26
11/30/2015 200.66 191.45 117.64 174.07
12/31/2015 189.21 177.54 113.82 169.75
1/31/2016 161.60 147.47 101.03 156.36
2/29/2016 156.35 145.72 99.53 156.02
3/31/2016 172.44 164.55 113.07 173.38
4/30/2016 176.83 167.19 116.44 174.44
5/31/2016 184.39 174.38 117.66 179.37
6/30/2016 190.91 173.12 115.22 180.10
7/31/2016 203.08 190.98 124.31 190.42
8/31/2016 204.19 194.07 124.50 190.83
9/30/2016 204.14 198.31 125.69 190.89
10/31/2016 188.57 179.77 121.32 185.58
11/30/2016 206.06 204.80 124.51 196.16
12/31/2016 201.42 208.96 129.88 202.01
1/31/2017 214.32 213.97 135.43 207.74
2/28/2017 221.35 221.67 141.96 219.96
3/31/2017 227.76 225.48 144.53 220.33
4/30/2017 235.77 231.48 148.16 223.62
5/31/2017 240.71 228.46 153.41 228.17
6/30/2017 244.58 239.77 154.38 230.22
7/31/2017 249.08 242.66 160.47 237.01
8/31/2017 248.36 242.26 160.83 238.04
9/30/2017 263.80 260.90 166.69 245.02
10/31/2017 277.38 266.49 171.73 253.07
11/30/2017 289.08 277.01 177.62 263.90
12/31/2017 289.19 277.44 181.37 267.94
1/31/2018 306.81 292.16 196.23 289.01
2/28/2018 300.89 280.99 183.96 274.67
3/31/2018 304.90 286.12 177.77 265.15
4/30/2018 302.94 286.50 180.96 266.55
5/31/2018 334.67 310.83 182.72 275.38
6/30/2018 335.42 314.05 182.58 277.69
7/31/2018 342.04 321.17 191.41 291.74
8/31/2018 379.99 347.39 195.02 304.51
9/30/2018 375.72 336.92 196.66 306.81
10/31/2018 319.31 281.63 174.88 279.01
11/30/2018 323.17 287.60 178.00 286.73
12/31/2018 275.19 242.31 156.86 251.81
1/31/2019 318.23 281.84 176.84 280.00
2/28/2019 349.02 306.50 185.17 292.21
3/31/2019 346.89 301.00 188.91 299.83
4/30/2019 363.40 313.21 199.16 316.02

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 05/20/2019

Date 2014 2015 2016 2017 2018
Short Term 0.8881
Long Term 7.0126 4.6368 2.9326 9.6645 11.0579
Total Amount of Distribution 7.0126 4.6368 2.9326 9.6645 11.9460
Record Date 12/2/14 12/2/15 12/5/16 12/4/17 12/6/18
Ex Div Date 12/3/14 12/3/15 12/6/16 12/5/17 12/7/18
Pay Date 12/3/14 12/3/15 12/6/16 12/5/17 12/7/18

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(39.0% of assets as of 04/30/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Fund Russell 2000® Growth Index Overweight / Underweight
United States 96.7% 100.0% -3.3%
Israel 1.0% - -
Canada 1.0% 0.0% 1.0%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 97.7% 100.0% -2.3%
Middle East 1.0% - -
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 27.4% 19.1% 8.3%
Health Care 20.7% 25.2% -4.5%
Consumer Discretionary 17.9% 14.9% 3.0%
Industrials 15.9% 18.1% -2.1%
Financials 7.2% 7.3% -0.1%
Consumer Staples 3.6% 3.0% 0.6%
Materials 2.9% 3.5% -0.6%
Communication Services 1.6% 3.3% -1.7%
Real Estate 0.8% 3.2% -2.4%
Energy 0.6% 1.9% -1.2%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 16.5% 10.6% 6.0%
Health Care Equipment & Supplies 7.2% 5.7% 1.5%
Machinery 6.0% 4.8% 1.2%
Hotels Restaurants & Leisure 5.7% 4.6% 1.1%
Biotechnology 5.3% 11.4% -6.1%
Aerospace & Defense 5.0% 1.1% 3.8%
Life Sciences Tools & Services 4.5% 0.8% 3.8%
Semiconductors & Semiconductor Equipment 3.8% 3.3% 0.5%
Insurance 3.3% 1.6% 1.8%
Diversified Consumer Services 3.3% 1.0% 2.4%
Food Products 3.1% 0.8% 2.3%
IT Services 2.8% 2.1% 0.7%
Chemicals 2.5% 2.4% 0.1%
Internet Software & Services 2.4% 0.4% 2.0%
Health Care Technology 2.3% 1.9% 0.4%
Capital Markets 2.1% 1.5% 0.6%
Distributors 2.1% 0.0% 2.1%
Building Products 2.0% 2.1% -0.1%
Internet & Direct Marketing Retail 1.9% 1.4% 0.4%
Electronic Equipment Instruments & Components 1.9% 1.6% 0.3%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 98.7% 100.0% -1.3%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 65.6% 29.4% 36.2%
Small 32.3% 70.6% -38.4%
Large 0.8% - -
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
  • C
Overall Rating
Number of Funds
587
Category
Small Growth
Analyst Rating (as of 7/19/18)
Silver
Performance Statistics
3Y
5Y
Alpha
3.77
2.76
Beta
0.92
0.91
Information Ratio
0.62
0.45
R-Squared
90.56
91.78
Sharpe Ratio
1.09
0.76
Standard Deviation
15.75
16.06
Upside Capture
95.97
95.81
Downside Capture
72.64
82.94
Sortino Ratio
1.69
1.14
Win Ratio
56.00
53.00
Loss Ratio
44.00
47.00
Tracking Error
5.02
4.84
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$5.15 B
$2.78 B
Median Market Cap (weighted)
$4.92 B
$2.37 B
P/E Ratio (LTM)
56.27
36.79
P/E Ratio (NTM)
36.90
25.72
Price/Book
5.89
4.11
Return on Equity
4.64%
9.97%
Turnover Ratio
91%
-
Active Share
83.10%
-
Dividends
  • G
Est. Frequency
Annual
Last Pay Date
12/7/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • G
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Small-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small-sized company, if any gain is realized at all. Investments in securities of growth companies may be volatile. Diversification does not guarantee profit or protect against loss.
  2. 2. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less.  These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  3. 3. The Russell 2000® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  4. 4. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  5. 5. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
  6. 6. The Morningstar Analyst Rating is not a credit or risk rating, but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar.) Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar’s analysts use this evaluation to identify funds they believe are morelikely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weighting of each pillar may vary. The Analyst Rating reflects an overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with threepositive ratings (Gold, Silver, Bronze), a Neutral Rating and a Negative Rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar’s current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may causeMstar’s expectations not to occur or to differ significantly.
  7. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  8. B. Effective 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus supplement for further information.
  9. C. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Oppenheimer Discovery Fund was rated against the following numbers of Small Growth funds over the following time periods: the fund was rated 4 stars among 587 funds in the last three years, 4 stars among 524 in the last five years, and 4 stars among 393 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  10. D. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  11. E. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.
  12. F. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  13. G. There is no guarantee of the payment of any dividend or other distributions at any level.
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