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ORENX

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
68382F408
NAV
  • A
(as of 07/20/2018)
$24.28
Total Assets
(as of 06/30/2018)
$1.01 BN
Gross Expense Ratio
(as of 06/30/2018)
1.68%
Net Expense Ratio
(as of 06/30/2018)
1.58%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
as of 06/30/2018

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
-0.70% 1.83% 5.95% 7.58% 6.99% 9.04%
FTSE NAREIT Equity REITs TR Index
1.02% 3.50% 8.06% 8.31% 7.94% -
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (with sales charge)
-0.70% 1.83% 5.95% 7.58% 6.99% 9.04%
FTSE NAREIT Equity REITs TR Index
1.02% 3.50% 8.06% 8.31% 7.94% -
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
-0.70% 1.83% 5.95% 7.58% 6.99% 9.04%
FTSE NAREIT Equity REITs TR Index
1.02% 3.50% 8.06% 8.31% 7.94% -
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (with sales charge)
-0.70% 1.83% 5.95% 7.58% 6.99% 9.04%
FTSE NAREIT Equity REITs TR Index
1.02% 3.50% 8.06% 8.31% 7.94% -
Gross Expense Ratio: 1.68% | Net Expense Ratio: 1.58%

Year Real Estate Fund FTSE NAREIT Equity REITs TR Index
2004 35.99% 31.58%
2005 13.88% 12.16%
2006 35.14% 35.06%
2007 -15.01% -15.69%
2008 -39.41% -37.73%
2009 29.67% 27.99%
2010 26.88% 27.96%
2011 7.79% 8.29%
2012 15.37% 18.06%
2013 2.54% 2.47%
2014 31.11% 30.14%
2015 2.14% 3.20%
2016 5.79% 8.52%
2017 3.81% 5.23%

Date Real Estate Fund FTSE NAREIT Equity REITs Index BBG Barclays Agg S&P 500
6/30/2008 0.00 0.00 0.00 0.00
7/31/2008 2.94 3.47 -0.08 -0.84
8/31/2008 5.45 5.76 0.87 0.59
9/30/2008 4.90 5.55 -0.49 -8.37
10/31/2008 -27.25 -27.87 -2.84 -23.76
11/30/2008 -43.60 -44.50 0.33 -29.23
12/31/2008 -35.87 -35.41 4.07 -28.48
1/31/2009 -46.62 -46.59 3.15 -34.51
2/28/2009 -57.26 -57.71 2.76 -41.48
3/31/2009 -56.27 -55.99 4.19 -36.35
4/30/2009 -41.41 -42.34 4.69 -30.26
5/31/2009 -40.09 -41.10 5.45 -26.36
6/30/2009 -42.45 -43.29 6.05 -26.21
7/31/2009 -36.51 -37.36 7.76 -20.63
8/31/2009 -27.84 -28.97 8.87 -17.77
9/30/2009 -23.71 -24.43 10.02 -14.70
10/31/2009 -27.01 -27.83 10.56 -16.28
11/30/2009 -22.09 -22.84 11.99 -11.26
12/31/2009 -16.83 -17.33 10.24 -9.55
1/31/2010 -21.64 -21.63 11.92 -12.80
2/28/2010 -16.95 -17.45 12.34 -10.10
3/31/2010 -8.85 -9.04 12.20 -4.68
4/30/2010 -2.42 -2.73 13.37 -3.17
5/31/2010 -7.57 -8.12 14.33 -10.90
6/30/2010 -12.80 -12.73 16.12 -15.57
7/31/2010 -4.20 -4.42 17.36 -9.65
8/31/2010 -5.77 -5.75 18.87 -13.73
9/30/2010 -1.70 -1.54 19.00 -6.03
10/31/2010 2.31 3.09 19.42 -2.46
11/30/2010 0.39 1.07 18.73 -2.44
12/31/2010 5.52 5.79 17.45 4.08
1/31/2011 8.80 9.22 17.59 6.54
2/28/2011 14.44 14.27 17.88 10.19
3/31/2011 12.83 12.50 17.95 10.24
4/30/2011 19.21 18.91 19.45 13.50
5/31/2011 21.07 20.56 21.00 12.22
6/30/2011 17.05 16.58 20.65 10.35
7/31/2011 19.08 18.37 22.56 8.10
8/31/2011 11.39 11.67 24.35 2.23
9/30/2011 -1.25 -0.57 25.26 -4.96
10/31/2011 12.68 13.75 25.39 5.43
11/30/2011 8.60 9.45 25.29 5.20
12/31/2011 13.74 14.56 26.66 6.27
1/31/2012 20.95 22.01 27.77 11.04
2/29/2012 19.36 20.71 27.74 15.84
3/31/2012 25.23 26.93 27.04 19.65
4/30/2012 28.71 30.58 28.45 18.90
5/31/2012 22.04 24.65 29.62 11.75
6/30/2012 28.45 31.64 29.67 16.36
7/31/2012 30.96 34.21 31.46 17.97
8/31/2012 30.73 34.24 31.54 20.63
9/30/2012 28.23 31.85 31.72 23.75
10/31/2012 27.14 30.74 31.98 21.46
11/30/2012 26.97 30.37 32.19 22.17
12/31/2012 31.23 35.25 32.00 23.28
1/31/2013 35.55 40.32 31.08 29.67
2/28/2013 36.07 42.09 31.73 31.43
3/31/2013 40.51 46.33 31.84 36.36
4/30/2013 49.06 56.11 33.17 38.98
5/31/2013 40.28 46.86 30.80 42.24
6/30/2013 36.37 44.04 28.77 40.33
7/31/2013 37.71 45.41 28.95 47.47
8/31/2013 28.40 35.28 28.29 43.19
9/30/2013 33.81 39.59 29.51 47.69
10/31/2013 40.17 45.84 30.55 54.47
11/30/2013 34.33 38.27 30.06 59.18
12/31/2013 34.57 38.59 29.33 63.21
1/31/2014 38.89 44.33 31.24 57.57
2/28/2014 46.25 51.57 31.94 64.78
3/31/2014 47.31 52.42 31.71 66.16
4/30/2014 52.17 57.47 32.82 67.39
5/31/2014 55.50 61.27 34.34 71.32
6/30/2014 57.48 63.06 34.41 74.86
7/31/2014 57.31 63.12 34.07 72.45
8/31/2014 61.42 67.93 35.55 79.34
9/30/2014 52.18 57.93 34.63 76.83
10/31/2014 69.10 73.63 35.95 81.15
11/30/2014 72.17 77.05 36.92 86.02
12/31/2014 76.43 80.36 37.04 85.55
1/31/2015 87.44 92.46 39.92 79.98
2/28/2015 81.88 85.76 38.60 90.33
3/31/2015 85.15 88.93 39.25 87.32
4/30/2015 74.06 78.55 38.75 89.11
5/31/2015 73.57 78.33 38.41 91.54
6/30/2015 65.22 70.13 36.90 87.84
7/31/2015 75.23 79.72 37.86 91.77
8/31/2015 64.41 68.60 37.66 80.20
9/30/2015 69.23 73.53 38.59 75.74
10/31/2015 77.86 83.72 38.61 90.57
11/30/2015 76.98 82.76 38.25 91.13
12/31/2015 80.21 86.13 37.80 88.12
1/31/2016 73.41 79.89 39.69 78.78
2/29/2016 72.33 79.13 40.69 78.54
3/31/2016 88.93 97.30 41.98 90.66
4/30/2016 83.96 92.59 42.52 91.39
5/31/2016 89.14 97.27 42.56 94.83
6/30/2016 102.39 111.03 45.12 95.34
7/31/2016 109.84 119.79 46.04 102.54
8/31/2016 102.94 111.73 45.87 102.82
9/30/2016 98.54 108.00 45.78 102.86
10/31/2016 87.75 96.23 44.67 99.16
11/30/2016 83.55 92.93 41.25 106.54
12/31/2016 90.64 101.98 41.45 110.62
1/31/2017 88.96 102.21 41.72 114.61
2/28/2017 96.17 109.11 42.68 123.14
3/31/2017 91.64 104.33 42.60 123.40
4/30/2017 91.95 104.58 43.70 125.69
5/31/2017 89.56 103.00 44.81 128.87
6/30/2017 92.98 107.44 44.66 130.29
7/31/2017 94.14 109.97 45.29 135.03
8/31/2017 95.84 109.44 46.59 135.75
9/30/2017 94.20 109.38 45.89 140.61
10/31/2017 93.43 107.37 45.97 146.23
11/30/2017 98.23 112.99 45.79 153.78
12/31/2017 97.91 112.54 46.46 156.60
1/31/2018 91.14 103.66 44.77 171.29
2/28/2018 77.62 87.95 43.40 161.29
3/31/2018 84.71 95.11 44.32 154.65
4/30/2018 86.07 97.91 43.24 155.63
5/31/2018 90.82 105.72 44.27 161.79
6/30/2018 96.52 114.70 44.09 163.40
Date Dividends
9/25/2008 0.1244
6/18/2009 0.1259
9/24/2009 0.0859
3/18/2010 0.0185
6/24/2010 0.0794
9/23/2010 0.0643
3/24/2011 0.0137
6/23/2011 0.0273
9/22/2011 0.0248
12/16/2011 0.0456
3/22/2012 0.0736
6/21/2012 0.0632
9/20/2012 0.084
12/14/2012 0.1397
3/21/2013 0.039
6/20/2013 0.1521
9/19/2013 0.0929
12/13/2013 0.0066
3/20/2014 0.0411
6/19/2014 0.1083
9/18/2014 0.1089
12/11/2014 0.1076
12/29/2014 0.053
3/18/2015 0.0291
6/17/2015 0.1051
9/23/2015 0.1553
12/10/2015 0.172
3/23/2016 0.0614
6/22/2016 0.1019
9/21/2016 0.1774
12/8/2016 0.1938
3/22/2017 0.0691
6/21/2017 0.0645
9/20/2017 0.0683
12/7/2017 0.0436
12/27/2017 0.0343
6/20/2018 0.0665

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

$ per share as of 07/21/2018

Date 2013 2014 2015 2016 2017
Short Term 0.1761 0.4868 0.4472
Long Term 0.0032 1.0441 1.5582 2.2193 0.9024
Total Amount of Distribution 0.0032 1.2201 2.0449 2.6665 0.9024
Record Date 12/11/13 12/10/14 12/9/15 12/7/16 12/6/17
Ex Div Date 12/12/13 12/11/14 12/10/15 12/8/16 12/7/17
Pay Date 12/13/13 12/11/14 12/10/15 12/8/16 12/7/17

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

Portfolio

Top Issuers

(75.8% of assets as of 06/30/2018)


Portfolio Holdings Breakdown

Country
Equity Sector
Asset Allocation
Market Cap 7
Country Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
United States 98.6% 100.0% -1.4%
Equity Sector Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Office 13.4% 11.4% 2.0%
Apartments 13.1% 12.7% 0.3%
Data Centers 12.0% 7.9% 4.1%
Industrial 10.9% 9.5% 1.4%
Lodging/Resorts 9.8% 6.8% 3.0%
Health Care 8.8% 11.3% -2.5%
Regional Malls 6.4% 9.2% -2.8%
Shopping Centers 5.5% 6.2% -0.6%
Single Family Homes 4.8% 1.5% 3.3%
Free Standing 4.1% 4.0% 0.0%
Manufactured Homes 3.9% 1.8% 2.0%
Infrastructure Reits 2.1% - -
Specialty 1.7% 4.9% -3.2%
Diversified 1.2% 5.9% -4.7%
Home Financing 1.0% - -
Asset Allocation Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Equity 98.6% 100.0% -1.4%
Market Cap Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Mid 52.2% 52.3% -0.1%
Large 37.0% 34.8% 2.2%
Small 9.4% 12.9% -3.4%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
230
Category
Real Estate
Performance Statistics
3Y
5Y
Alpha
-1.64
-0.49
Beta
0.95
0.97
Information Ratio
-1.06
-0.38
R-Squared
97.90
98.04
Sharpe Ratio
0.46
0.57
Standard Deviation
12.82
13.57
Sortino Ratio
0.22
0.27
Tracking Error
1.99
1.94
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
6/20/2018
Per Share ($)
$0.0665
12-Month Distribution ($)
$0.2127
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
35.74
32.53
P/E Ratio (NTM)
41.21
37.61
Price/Book
2.26
2.27
Turnover Ratio
84%
-
Distribution Rate
Distribution
1.11%
Adjusted Distribution
0.75%
Distribution Sources
  • C
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. 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. 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.
  9. B. "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.
  10. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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