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OIRGX

Global Real Estate Fund

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Special Notice:

The Board of Trustees of Oppenheimer Global Real Estate Fund (the “Fund”) has approved a plan to liquidate the Fund, such Liquidation to take place on or about August 24, 2018 (the “Liquidation Date”). Any shares of the Fund outstanding on the Liquidation Date will be automatically redeemed on that date. Effective as of the close of the New York Stock Exchange on June 15, 2018, the Fund will no longer accept purchase orders from new investors, and shareholders of other Oppenheimer funds will no longer be able to exchange shares of other funds into the Fund as a new investor. Existing shareholders of the Fund can continue to make purchases and exchanges into the Fund. Effective as of the close of the New York Stock Exchange on August 17, 2018, no further purchases or exchanges into the Fund will be accepted, as the Fund prepares for the Liquidation. The Fund reserves the right, in its discretion, to modify the extent to which sales of shares are limited prior to the Liquidation Date. Redemption orders received in proper form after the close of the New York Stock Exchange on June 15, 2018 will not be subject to any contingent deferred sales charges or initial sales charges imposed by the Fund, except that shares held through a broker-dealer or other financial intermediary, such as omnibus accounts, may be subject to sales charges in accordance with the protocols of the financial intermediary. Shareholders should consult with their tax advisors for more information about the tax consequences of the Liquidation to them, including any federal, state, local, foreign or other tax consequences. In order to provide for an orderly liquidation and satisfy redemptions in anticipation of the Liquidation, the Fund may deviate from its investment objective and investment strategies between now and the Liquidation Date. For more information, please see the supplement dated June 14, 2018 to the Fund’s summary prospectus, prospectus and statement of additional information, each dated August 28, 2017.

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Overview

The Strategy focuses its investments in real estate companies throughout the world, but it can also invest in other securities (REITs, Common Stock, Foreign Securities)

Inception Date
March 20, 2013
Investment Style
Global Real Estate
Fund Index
FTSE EPRA/NAREIT Global NR Index
CUSIP
68385C501
NAV
  • A
(as of 07/16/2018)
$10.55
Total Assets
(as of 06/30/2018)
$47.30 MM
Gross Expense Ratio
(as of 06/30/2018)
1.09%
Net Expense Ratio
(as of 06/30/2018)
1.05%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
  • F
as of 06/30/2018
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr since inception
Global Real Estate Fund (NAV)
2.20% 0.27% 6.84% 4.99% 6.32% 5.56%
FTSE EPRA/NAREIT Global NR Index
3.15% -0.52% 6.26% 5.97% 5.92% 4.99%
Cumulative
Annualized
3 mo ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr since inception
Global Real Estate Fund (NAV)
2.20% 0.27% 6.84% 4.99% 6.32% 5.56%
FTSE EPRA/NAREIT Global NR Index
3.15% -0.52% 6.26% 5.97% 5.92% 4.99%
Gross Expense Ratio: 1.09% | Net Expense Ratio: 1.05%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index
2014 15.27% 13.92%
2015 1.49% -1.19%
2016 -0.96% 3.75%
2017 12.35% 14.00%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Global Real Estate Fund FTSE EPRA NAREIT Global NR Index BBG Barclays Agg S&P 500
6/30/2013 0.00 0.00 0.00 0.00
7/31/2013 1.54 0.93 0.14 5.09
8/31/2013 -3.19 -3.48 -0.38 2.04
9/30/2013 2.89 1.92 0.57 5.24
10/31/2013 6.09 4.91 1.38 10.08
11/30/2013 3.10 1.02 1.00 13.44
12/31/2013 3.90 0.65 0.43 16.31
1/31/2014 2.24 -0.07 1.91 12.29
2/28/2014 6.61 4.04 2.46 17.42
3/31/2014 6.53 4.49 2.28 18.41
4/30/2014 9.55 7.35 3.15 19.29
5/31/2014 12.99 10.58 4.32 22.09
6/30/2014 14.59 11.70 4.37 24.61
7/31/2014 14.91 12.99 4.11 22.89
8/31/2014 16.37 14.50 5.26 27.81
9/30/2014 9.85 7.28 4.55 26.01
10/31/2014 18.12 13.91 5.57 29.09
11/30/2014 18.33 15.08 6.32 32.56
12/31/2014 19.22 14.65 6.42 32.23
1/31/2015 25.07 19.71 8.65 28.26
2/28/2015 24.75 19.47 7.63 35.63
3/31/2015 25.28 19.08 8.13 33.49
4/30/2015 22.90 19.06 7.74 34.77
5/31/2015 21.82 16.77 7.48 36.50
6/30/2015 16.47 12.01 6.31 33.86
7/31/2015 21.69 14.67 7.05 36.66
8/31/2015 14.62 7.35 6.90 28.42
9/30/2015 16.21 8.23 7.62 25.24
10/31/2015 22.22 14.70 7.64 35.80
11/30/2015 19.82 12.23 7.35 36.21
12/31/2015 20.54 13.29 7.01 34.06
1/31/2016 15.47 7.63 8.48 27.41
2/29/2016 14.14 8.27 9.25 27.24
3/31/2016 24.79 18.83 10.25 35.87
4/30/2016 23.24 18.94 10.68 36.39
5/31/2016 24.57 18.34 10.70 38.84
6/30/2016 27.74 22.75 12.69 39.20
7/31/2016 32.74 28.87 13.40 44.34
8/31/2016 28.85 26.05 13.28 44.54
9/30/2016 27.42 24.99 13.21 44.57
10/31/2016 20.25 18.22 12.34 41.93
11/30/2016 16.11 14.61 9.69 47.18
12/31/2016 18.92 17.54 9.84 50.09
1/31/2017 19.28 18.77 10.06 52.94
2/28/2017 23.01 22.64 10.80 59.01
3/31/2017 21.45 21.28 10.74 59.20
4/30/2017 23.14 22.76 11.59 60.83
5/31/2017 23.99 24.38 12.45 63.10
6/30/2017 25.05 25.44 12.34 64.11
7/31/2017 27.23 28.76 12.82 67.49
8/31/2017 27.72 29.11 13.83 68.00
9/30/2017 27.34 29.39 13.29 71.47
10/31/2017 28.07 28.80 13.36 75.47
11/30/2017 31.01 31.75 13.21 80.85
12/31/2017 32.97 33.99 13.73 82.86
1/31/2018 35.75 35.72 12.42 93.33
2/28/2018 26.28 26.43 11.36 86.21
3/31/2018 30.32 29.23 12.07 81.47
4/30/2018 31.96 31.40 11.24 82.17
5/31/2018 32.21 32.68 12.03 86.56
6/30/2018 33.06 33.30 11.89 87.70
Date Dividends
9/19/2013 0.04
12/20/2013 0.0957
3/20/2014 0.0208
6/19/2014 0.0329
9/18/2014 0.046
12/18/2014 0.3757
12/29/2014 0.0112
3/18/2015 0.0179
6/17/2015 0.0481
9/23/2015 0.0671
12/17/2015 0.1047
3/23/2016 0.0338
6/22/2016 0.0573
9/21/2016 0.1018
12/15/2016 0.3659
3/22/2017 0.0491
6/21/2017 0.0687
9/20/2017 0.0705
12/14/2017 0.0211
3/21/2018 0.0006
6/20/2018 0.0483

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

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 07/17/2018

Date 2013 2014 2015 2016 2017
Short Term 0.0130 0.1856
Long Term 0.1698 0.3488
Total Amount of Distribution 0.0130 0.3553 0.3488
Record Date 12/16/15 12/14/16 12/13/17
Ex Div Date 12/17/15 12/15/16 12/14/17
Pay Date 12/17/15 12/15/16 12/14/17

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

Portfolio

Top Issuers

(46.4% of assets as of 06/30/2018)


Portfolio Holdings Breakdown

Country
Equity Sector
Asset Allocation
Market Cap 8
Country Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index Overweight / Underweight
United States 48.7% 47.3% 1.4%
Japan 8.3% 9.6% -1.3%
Hong Kong 6.9% 7.4% -0.5%
China 5.0% 5.7% -0.6%
Australia 4.9% 4.2% 0.8%
Germany 4.6% 4.2% 0.4%
France 4.2% 3.3% 0.9%
Singapore 3.6% 2.5% 1.1%
United Kingdom 3.5% 4.6% -1.1%
Canada 1.9% 2.4% -0.6%
Spain 1.9% 0.7% 1.2%
Sweden 1.8% 1.3% 0.5%
Philippines 0.8% 0.8% 0.0%
Ireland 0.7% 0.2% 0.6%
Indonesia 0.1% 0.3% -0.1%
Equity Sector Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index Overweight / Underweight
Diversified 25.7% 30.9% -5.2%
Residential 22.5% 16.4% 6.1%
Retail 15.2% 19.1% -3.9%
Office 13.5% 10.9% 2.6%
Industrial 9.6% 8.1% 1.5%
Lodging/Resorts 5.4% 3.9% 1.6%
Healthcare 4.2% 6.4% -2.2%
Industrial/Office Mixed 0.7% 0.7% 0.1%
Asset Allocation Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index Overweight / Underweight
Equity 96.9% 100.0% -3.1%
Market Cap Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index Overweight / Underweight
Large 49.7% 43.5% 6.2%
Mid 38.0% 43.6% -5.7%
Small 9.2% 12.9% -3.7%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
195
Category
Global Real Estate
Performance Statistics
3Y
5Y
Alpha
-0.68
0.51
Beta
0.95
0.98
Information Ratio
-0.36
0.15
R-Squared
94.14
93.96
Sharpe Ratio
0.43
0.56
Standard Deviation
11.17
11.19
Sortino Ratio
0.19
0.26
Tracking Error
2.76
2.76
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/20/2018
Per Share ($)
$0.0483
12-Month Distribution ($)
$0.1405
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
17.07
17.77
P/E Ratio (NTM)
21.10
20.37
Price/Book
1.51
1.46
Turnover Ratio
85%
-
Distribution Rate
Distribution
1.83%
Adjusted Distribution
1.58%
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. The Fund's portfolio managers are employed by its Sub-Sub-Adviser, Barings LLC.
  2. 2. The Board of Trustees of Oppenheimer Global Real Estate Fund (the “Fund”) has approved a plan to liquidate the Fund, such Liquidation to take place on or about August 24, 2018 (the “Liquidation Date”). Any shares of the Fund outstanding on the Liquidation Date will be automatically redeemed on that date. Effective as of the close of the New York Stock Exchange on June 15, 2018, the Fund will no longer accept purchase orders from new investors, and shareholders of other Oppenheimer funds will no longer be able to exchange shares of other funds into the Fund as a new investor. Existing shareholders of the Fund can continue to make purchases and exchanges into the Fund. Effective as of the close of the New York Stock Exchange on August 17, 2018, no further purchases or exchanges into the Fund will be accepted, as the Fund prepares for the Liquidation. The Fund reserves the right, in its discretion, to modify the extent to which sales of shares are limited prior to the Liquidation Date. Redemption orders received in proper form after the close of the New York Stock Exchange on June 15, 2018 will not be subject to any contingent deferred sales charges or initial sales charges imposed by the Fund, except that shares held through a broker-dealer or other financial intermediary, such as omnibus accounts, may be subject to sales charges in accordance with the protocols of the financial intermediary. Shareholders should consult with their tax advisors for more information about the tax consequences of the Liquidation to them, including any federal, state, local, foreign or other tax consequences. In order to provide for an orderly liquidation and satisfy redemptions in anticipation of the Liquidation, the Fund may deviate from its investment objective and investment strategies between now and the Liquidation Date. For more information, please see the supplement dated June 14, 2018 to the Fund’s summary prospectus, prospectus and statement of additional information, each dated August 28, 2017.
  3. 3. Special Risks: Investments in real estate companies, including REITs or similar structures, are subject to volatility and risk. Smaller real estate companies may also be subject to liquidity risk. 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. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile.
  4. 4. The Fund intends to declare and pay dividends quarterly. At the time of the distribution, the amounts attributed to each category (dividend income, return of capital and/or capital gains) are estimated using historical information because the character of the amounts received from underlying real estate investment trusts ("REITs") is unknown until after the end of the calendar year. The amount distributed to shareholders is based on the underlying REIT distributions received less fund expenses. The distribution rate is based on the ex-dividend date immediately preceding the nearest month-end or quarter-end. The ex-dividend date is the day before the pay date. The distribution rate for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. Each result is compounded semiannually and annualized. Adjusted distribution rate for each share class is based on the Fund's distributed income less an estimate of the average return of capital based on historical ratios from the past three calendar years and that date's net asset value. The result is compounded semiannually and annualized. Falling share prices artificially increase distribution rates. Please note that OppenheimerFunds, Inc. is not quoting a 30-day SEC yield. See the Fund's prospectus for more information.
  5. 5. 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.
  6. 6. Access index definitions.
  7. 7. Holdings are subject to change, and are dollar weighted based on total net 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.
  8. 8. 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.
  9. 9. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
  10. A. 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. B. 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. C. "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. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  14. 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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  15. F. The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
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