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OREBX

Real Estate Fund

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Overview

The Strategy typically invests in real estate securities, primarily real estate investment trusts (REITs).

Inception Date
October 1, 2003
Investment Style
Real Estate
Fund Index
FTSE NAREIT Equity REITs TR Index
CUSIP
68382F200
NAV
  • B
(as of 11/17/2017)
$25.21
Total Assets
(as of 10/31/2017)
$1.12 BN
Gross Expense Ratio
(as of 10/31/2017)
2.19%
Net Expense Ratio
(as of 10/31/2017)
2.09%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2017
  • C
as of 09/30/2017
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2017-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
1.50% -2.67% 7.91% 8.10% 4.91% 9.39%
Cumulative
Annualized
ytd as of 2017-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (with sales charge)
-3.50% -7.01% 7.07% 7.81% 4.91% 9.39%
Cumulative
Annualized
ytd as of 2017-10-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
1.05% 2.50% 4.06% 8.21% 4.57% 9.30%
Cumulative
Annualized
ytd as of 2017-10-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (with sales charge)
-3.95% -2.08% 3.25% 7.91% 4.57% 9.30%
Gross Expense Ratio: 2.19% | Net Expense Ratio: 2.09%

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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.


Year Real Estate Fund FTSE NAREIT Equity REITs TR Index
2004 35.28% 31.58%
2005 13.31% 12.16%
2006 34.48% 35.06%
2007 -15.44% -15.69%
2008 -39.76% -37.73%
2009 29.14% 27.99%
2010 26.23% 27.96%
2011 7.28% 8.29%
2012 14.81% 18.06%
2013 2.05% 2.47%
2014 30.46% 30.14%
2015 1.60% 3.20%
2016 5.24% 8.52%

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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.


Date Real Estate Fund FTSE NAREIT Equity REITs Index BBG Barclays Agg S&P 500
10/31/2007 0.00 0.00 0.00 0.00
11/30/2007 -9.03 -9.07 1.80 -4.18
12/31/2007 -12.87 -13.64 2.08 -4.85
1/31/2008 -14.58 -14.53 3.80 -10.55
2/29/2008 -18.17 -17.57 3.94 -13.46
3/31/2008 -13.05 -12.43 4.30 -13.83
4/30/2008 -7.98 -7.30 4.08 -9.64
5/31/2008 -7.98 -6.59 3.32 -8.47
6/30/2008 -17.91 -16.75 3.23 -16.18
7/31/2008 -15.52 -13.86 3.15 -16.89
8/31/2008 -13.49 -11.95 4.13 -15.68
9/30/2008 -13.98 -12.12 2.73 -23.20
10/31/2008 -40.39 -39.95 0.30 -36.10
11/30/2008 -53.77 -53.80 3.57 -40.68
12/31/2008 -47.51 -46.22 7.43 -40.05
1/31/2009 -56.31 -55.53 6.49 -45.10
2/28/2009 -65.02 -64.79 6.08 -50.95
3/31/2009 -64.25 -63.36 7.56 -46.65
4/30/2009 -52.09 -52.00 8.07 -41.55
5/31/2009 -51.05 -50.96 8.86 -38.28
6/30/2009 -53.02 -52.79 9.48 -38.15
7/31/2009 -48.15 -47.85 11.24 -33.48
8/31/2009 -41.09 -40.86 12.39 -31.07
9/30/2009 -37.70 -37.08 13.57 -28.50
10/31/2009 -40.47 -39.92 14.14 -29.83
11/30/2009 -36.45 -35.76 15.61 -25.62
12/31/2009 -32.21 -31.17 13.80 -24.19
1/31/2010 -36.13 -34.76 15.54 -26.91
2/28/2010 -32.40 -31.27 15.97 -24.65
3/31/2010 -25.84 -24.27 15.83 -20.10
4/30/2010 -20.62 -19.02 17.04 -18.84
5/31/2010 -24.82 -23.51 18.02 -25.32
6/30/2010 -29.09 -27.35 19.87 -29.23
7/31/2010 -22.15 -20.43 21.15 -24.27
8/31/2010 -23.44 -21.53 22.71 -27.69
9/30/2010 -20.14 -18.03 22.84 -21.24
10/31/2010 -16.94 -14.17 23.28 -18.24
11/30/2010 -18.56 -15.85 22.57 -18.23
12/31/2010 -14.43 -11.93 21.25 -12.76
1/31/2011 -11.79 -9.07 21.39 -10.70
2/28/2011 -7.29 -4.87 21.69 -7.64
3/31/2011 -8.63 -6.34 21.76 -7.60
4/30/2011 -3.48 -1.00 23.31 -4.86
5/31/2011 -2.00 0.37 24.92 -5.94
6/30/2011 -5.29 -2.95 24.55 -7.51
7/31/2011 -3.71 -1.45 26.53 -9.39
8/31/2011 -9.93 -7.03 28.38 -14.31
9/30/2011 -20.18 -17.22 29.31 -20.34
10/31/2011 -9.00 -5.30 29.45 -11.63
11/30/2011 -12.29 -8.88 29.34 -11.82
12/31/2011 -8.21 -4.62 30.76 -10.92
1/31/2012 -2.40 1.58 31.91 -6.93
2/29/2012 -3.75 0.49 31.88 -2.91
3/31/2012 0.99 5.67 31.15 0.29
4/30/2012 3.74 8.72 32.61 -0.34
5/31/2012 -1.71 3.78 33.81 -6.33
6/30/2012 3.45 9.60 33.86 -2.47
7/31/2012 5.36 11.74 35.71 -1.12
8/31/2012 5.17 11.76 35.79 1.11
9/30/2012 3.13 9.77 35.98 3.72
10/31/2012 2.20 8.85 36.25 1.81
11/30/2012 2.01 8.54 36.46 2.40
12/31/2012 5.39 12.60 36.27 3.33
1/31/2013 8.82 16.82 35.32 8.68
2/28/2013 9.20 18.29 35.99 10.16
3/31/2013 12.73 21.83 36.10 14.29
4/30/2013 19.50 29.97 37.48 16.49
5/31/2013 12.40 22.27 35.03 19.22
6/30/2013 9.24 19.92 32.94 17.62
7/31/2013 10.28 21.06 33.12 23.60
8/31/2013 2.77 12.63 32.44 20.02
9/30/2013 7.06 16.21 33.69 23.79
10/31/2013 12.13 21.42 34.77 29.48
11/30/2013 7.52 15.12 34.27 33.42
12/31/2013 7.74 15.38 33.51 36.80
1/31/2014 11.19 20.16 35.48 32.07
2/28/2014 17.10 26.19 36.20 38.11
3/31/2014 18.01 26.90 35.97 39.27
4/30/2014 21.88 31.10 37.12 40.30
5/31/2014 24.59 34.26 38.68 43.60
6/30/2014 26.19 35.75 38.75 46.56
7/31/2014 26.10 35.80 38.40 44.54
8/31/2014 29.43 39.81 39.93 50.32
9/30/2014 22.03 31.48 38.98 48.22
10/31/2014 35.60 44.56 40.35 51.84
11/30/2014 38.10 47.40 41.34 55.92
12/31/2014 41.57 50.16 41.48 55.53
1/31/2015 50.42 60.23 44.44 50.86
2/28/2015 45.97 54.65 43.08 59.53
3/31/2015 48.66 57.29 43.75 57.00
4/30/2015 39.80 48.65 43.23 58.51
5/31/2015 39.40 48.47 42.89 60.55
6/30/2015 32.71 41.64 41.33 57.44
7/31/2015 40.82 49.63 42.31 60.74
8/31/2015 32.16 40.37 42.11 51.04
9/30/2015 36.07 44.47 43.07 47.30
10/31/2015 42.97 52.95 43.09 59.73
11/30/2015 42.32 52.15 42.72 60.21
12/31/2015 44.95 54.96 42.25 57.68
1/31/2016 39.51 49.76 44.21 49.85
2/29/2016 38.69 49.13 45.23 49.65
3/31/2016 52.07 64.26 46.57 59.80
4/30/2016 48.09 60.34 47.13 60.42
5/31/2016 52.29 64.23 47.17 63.30
6/30/2016 63.01 75.69 49.81 63.73
7/31/2016 69.04 82.98 50.76 69.76
8/31/2016 63.51 76.27 50.59 70.00
9/30/2016 59.97 73.17 50.50 70.03
10/31/2016 51.37 63.37 49.35 66.93
11/30/2016 48.00 60.62 45.81 73.11
12/31/2016 53.75 68.16 46.02 76.54
1/31/2017 52.39 68.35 46.31 79.88
2/28/2017 58.24 74.09 47.29 87.03
3/31/2017 54.63 70.11 47.21 87.25
4/30/2017 54.88 70.32 48.35 89.17
5/31/2017 53.03 69.01 49.49 91.83
6/30/2017 55.80 72.70 49.34 93.03
7/31/2017 56.79 74.81 49.98 97.00
8/31/2017 58.22 74.37 51.33 97.60
9/30/2017 56.94 74.32 50.61 101.68
10/31/2017 56.31 72.64 50.70 106.38
Date Dividends
12/24/2007 0.0
6/13/2008 0.0946
9/25/2008 0.0966
6/18/2009 0.1132
9/24/2009 0.0694
3/18/2010 0.0027
6/24/2010 0.0578
9/23/2010 0.0438
6/23/2011 0.0011
12/16/2011 0.0202
3/22/2012 0.0494
6/21/2012 0.0359
9/20/2012 0.0548
12/14/2012 0.1099
3/21/2013 0.0111
6/20/2013 0.1182
9/19/2013 0.0604
12/13/2013 0.0
3/20/2014 0.013
6/19/2014 0.0732
9/18/2014 0.0735
12/11/2014 0.065
12/29/2014 0.0454
6/17/2015 0.0686
9/23/2015 0.1164
12/10/2015 0.131
3/23/2016 0.0289
6/22/2016 0.0651
9/21/2016 0.1358
12/8/2016 0.1472
3/22/2017 0.0337
6/21/2017 0.0259
9/20/2017 0.0264

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 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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.

$ per share as of 11/18/2017

Date 2012 2013 2014 2015 2016
Short Term 0.1761 0.4868 0.4472
Long Term 0.0032 1.0441 1.5582 2.2193
Total Amount of Distribution 0.0032 1.2201 2.0449 2.6665
Record Date 12/11/13 12/10/14 12/9/15 12/7/16
Ex Div Date 12/12/13 12/11/14 12/10/15 12/8/16
Pay Date 12/13/13 12/11/14 12/10/15 12/8/16

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

Portfolio

Top Issuers

(71.8% of assets as of 10/31/2017)


Portfolio Holdings Breakdown

Country 6
Equity Sector 6
Asset Allocation 6
Market Cap 7
Country Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
United States 98.8% 100.0% -1.2%
Equity Sector Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Office 13.3% 11.4% 1.9%
Industrial 11.7% 8.7% 3.0%
Health Care 11.6% 12.0% -0.4%
Data Centers 10.3% 8.6% 1.8%
Apartments 10.1% 13.5% -3.4%
Shopping Centers 8.4% 6.2% 2.2%
Regional Malls 6.4% 8.8% -2.4%
Lodging/Resorts 5.3% 6.3% -1.0%
Free Standing 4.9% 3.9% 1.0%
Single Family Homes 4.3% 1.5% 2.8%
Infrastructure Reits 3.7% - -
Specialty 3.5% 4.5% -1.0%
Self Storage 3.3% 6.0% -2.6%
Timber Reits 2.1% - -
Asset Allocation Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Equity 98.8% 100.0% -1.2%
Market Cap Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Mid 43.0% 46.3% -3.3%
Large 37.2% 32.0% 5.2%
Small 18.6% 21.7% -3.1%
Analytics
(As of 10/31/2017)

Morningstar 10/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
232
Category
Real Estate
Performance Statistics
3Y
5Y
Alpha
-1.84
-1.24
Beta
0.98
0.99
Information Ratio
-1.25
-0.84
R-Squared
98.50
98.36
Sharpe Ratio
0.34
0.63
Standard Deviation
13.12
13.59
Sortino Ratio
0.16
0.30
Tracking Error
1.63
1.75
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
9/20/2017
Per Share ($)
$0.03
Net Income
66.96%
Net Profit from Sale
0.00%
Other Capital Sources
33.04%
12-Month Distribution ($)
$0.23
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
33.58
32.37
P/E Ratio (NTM)
39.65
37.24
Price/Book
2.24
2.23
Turnover Ratio
114.00%
-
Distribution Rate
Distribution
0.43%
Adjusted Distribution
0.29%
Documents
  1. 1. The Fund's portfolio managers are employed by its Sub-Sub-Adviser, Barings LLC.
  2. 2. 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. The Fund is classified as a “non-diversified” fund and may invest a greater portion of its assets in the securities of a single issuer.
  3. 3. 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.
  4. 4. 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.
  5. 5. Access index definitions.
  6. 6. 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.
  7. 7. 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.
  8. A. Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
  9. B. 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.
  10. C. 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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.
  11. D. "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.
  12. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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