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David Wharmby, CFA

Portfolio Manager

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Tenure

  • 28 YRS

    Industry

  • 21 YRS

    Sub-Adviser Firm

  • B.S. from University of Connecticut

David Wharmby serves as portfolio manager of the Oppenheimer Real Estate and Oppenheimer Global Real Estate funds. He is also the Head of Real Estate Equity Securities of Barings LLC’s Real Estate Securities Group. He began his career at Barings in 1996. Previously, he was at L.W. Ellwood & Co./Coopers & Lybrand, responsible for managing due diligence and valuation services for institutional investors.

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  • B.S. from University of Connecticut

Managed Funds

Average Annual Total Returns (%) as of 6/30/18
  • A
Fund Name Managed Since YTD as of
  • 7/20/18
1 Yr 3 Yr 5 Yr 10 Yr Life Expense Ratio (%)
 
Real Estate Fund A - OREAX (NAV) 1/24/2012 -0.84 2.12 6.23 7.85 7.26 10.14
3/4/02
1.43
 
Real Estate Fund A - OREAX (with Sales Charge) 1/24/2012 -0.84 -3.75 4.16 6.58 6.63 9.74
3/4/02
1.43
 
Global Real Estate Fund A - OGRAX (NAV) 3/20/2013 -0.21 6.41 4.54 5.88 5.13
3/20/13
1.64
 
Global Real Estate Fund A - OGRAX (with Sales Charge) 3/20/2013 -0.21 0.29 2.50 4.63 3.96
3/20/13
1.64

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. All fund returns include change in share price, reinvested distributions and the sales charges as listed below, unless "without sales charge" is indicated. Returns do not consider capital gains or income taxes on an individual's investment. Class A Share returns include a maximum sales charge of 5.75% (equity), 4.75% (most fixed income), 3.5% (Senior Floating Rate Fund, Senior Floating Rate Plus), 2.25% ("limited term" fixed income funds) and 0% (Money Market Funds). Class B Share returns include contingent deferred sales charge as follows:  For years 1 - 6 respectively, charges are 5%, 4%, 3%, 3%, 2%, 1% except for "limited term" fixed income funds (4%, 3%, 2%, 2%, 1%, 0%) and Senior Floating Rate (3%, 2% 1.5%, 1.5%, 1%, 0%). Class C Share returns include a 1% contingent deferred sales charge and are subject to an annual asset-based sales charge of 0.75%. Class R  are subject to an annual asset-based sales charge of 0.25%. Annual asset-based sales charges are applied as follows: 0.75% on Class B/C; and 0.25%  for Class R shares. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Class Y shares are not subject to a sales charge. 

On 2/22/2008 and 3/31/2008 for RWL, the last trade price was used to calculate market return because 4:00pm EST midpoint bid/ask prices are not available on those dates. On 9/30/2008, the last trade price for RWL was used to calculate market return because an uncorrected, failed trade resulted in an incorrect 4:00pm EST midpoint bid/ask price on that date. On 2/22/2008 and 3/31/2008 for RWJ, the last trade price was used to calculate market return because 4:00pm EST midpoint bid/ask prices are not available on those dates.

The NAV return is based on the net asset value of the Fund and the market return (MKT) is based on the market price per share of the Fund. The price used to calculate MKT is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the Fund are listed for trading when the Fund's NAV is calculated at market close. MKT and NAV assume dividends and capital gain distributions have been reinvested in the Fund at market price and NAV, respectively. Returns less than one year are cumulative.

  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. A. Returns are preliminary and subject to change until the first business day of the month.
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