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MULTI ASSET

Portfolio Series: Active Allocation Fund 1 2 

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Focus: The Strategy primarily invests globally across equity, fixed income and alternative mutual funds.
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Shares Ticker CUSIP Inception
Date
Pricee Price Change 12 Month High 12 Month
Low
A OAAAX 68382P885 4/5/05 11.88 0.03 12.13 10.31
Bd OAABX 68382P877 4/5/05 11.68 0.03 11.93 10.11
C OAACX 68382P869 4/5/05 11.62 0.03 11.87 10.08
N OAANX 68382P851 4/5/05 11.81 0.03 12.06 10.24
Y OAAYX 68382P760 4/5/05 12.03 0.04 12.27 10.44

as of 4/17/14

The net expense ratio 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 These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.

 

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 Currency Opportunities Fund) 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 N Share returns include a 1% contingent deferred sales charge and 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 N shares. Class Y shares are not subject to a sales charge. 

 

The net expense ratio 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.

 

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 Currency Opportunities Fund) 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 N Share returns include a 1% contingent deferred sales charge and 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 N shares. Class Y shares are not subject to a sales charge. 

 

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Peer Group

Morningstar Category

Aggressive Allocation

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Fund Management

Mark Hamilton

Managed Fund since 8/13

Caleb Wong

Managed Fund since 4/05

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Investment Minimums

Initial: $1,000

Total Assets

$2.4 billion

(all classes as of 3/31/14)

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Morningstar
Rating fg

as of 03/31/2014

star star

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The net expense ratio 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.

 

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 Currency Opportunities Fund) 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 N Share returns include a 1% contingent deferred sales charge and 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 N shares. Class Y shares are not subject to a sales charge. 

 

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Top Holdings 4 hi as of 3/31/14
 View More Holdings
  % Net Assets
1 Opp. Value Fund, Cl. I 22.5
2 Opp. Capital Appreciation Fund, Cl. I 19.1
3 Opp. Intl Growth Fund, Cl. I 12.8
4 Opp. Intl Value Fund, Cl. I 10.6
5 Opp. Main Street Small- & Mid-Cap Fund, Cl. I 7.6
6 Opp. Core Bond Fund, Cl. I 6.8
7 Opp. Intl Small Co. Fund, Cl.I 3.9
8 Opp. Developing Markets Fund, Cl. I 3.9
9 Opp. Intl Bond Fund, Cl. I 2.8
10 Opp. Limited-Term Gov't Fund 2.8
  Total 92.8
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Risk Measurement j as of 3/31/14
Share Class Beta
(3 yr)
Alpha R-squared Sharpe Ratio Standard Deviation (3 yr)
A 1.14 -1.95 96.59 0.77 10.9%
Bd 1.14 -2.77 96.58 0.70 10.9%
C 1.15 -2.72 96.66 0.71 11.0%
N 1.14 -2.17 96.70 0.76 10.9%
Y 1.14 -1.63 96.57 0.80 10.9%
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—— Income Dividends ($ per share) 5 k
Dividend/Share ($) 12-Month Distribution ($)
A 0.1647 0.1647
Bd 0.0581 0.0581
C 0.0837 0.0837
N 0.1347 0.1347
Y 0.1969 0.1969

Frequency: Yearly Pay Date: 12/31/13

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—— Capital Gains Distributions ($ per share)as of 4/17/14
  Short-Term ($) Long-Term ($) Total Amount of Distribution ($) Record Date Ex Div Date Pay Date
2013
2012
2011
2010
2009
2008 0.0000 0.3617 0.3617 12/30/08 12/31/08 12/31/08
2007 0.0251 0.1434 0.1685 12/28/07 12/31/07 12/31/07
2006 0.0032 0.0424 0.0456 12/28/06 12/29/06 12/29/06
2005 0.0171 0.0000 0.0171 12/29/05 12/30/05 12/30/05
2004

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

 

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Strategy

Designed to help investors build a strategically allocated broadly diversified portfolio with one investment. Active Allocation Fund typically invests 80% of assets in a "core allocation" of Oppenheimer funds and 20% in a "tactical component." The core allocation is rebalanced at least annually, while the tactical component will be invested in various Oppenheimer funds and other securities seeking to "tilt" the entire portfolio in an attempt to take advantage of temporary current market conditions. When selecting funds for the tactical component, the portfolio manager takes advantage of proprietary, quantitative models that identify and validate price trends in each segment of the market to find advantageous investment opportunities. Portfolio Series seeks to offer investors professional asset allocation with the greatest degree of diversification and return potential for the appropriate level of risk. Each portfolio provides OppenheimerFunds' unique structure and disciplined investment strategy which includes an array of powerful diversifiers that may help create stability over the long term. The full range of tailored portfolios is run by managers who have weathered the challenge of varied market environments.
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Commentary

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In managing the portfolio, the Manager will have the authority to select and substitute certain underlying Oppenheimer funds, as designated in the prospectus, and may be subject to potential conflicts of interest because the fees paid to it by some underlying funds are higher than the fees paid by others. However, the Manager is obligated to act in each portfolio's best interests when selecting underlying funds. Each of the underlying funds in which the portfolio invests has its own investment risks, and those risks can affect the value of each portfolio's shares and investment. In addition, there is no guarantee that the underlying funds will achieve their investment objectives. The underlying funds may change their investment objectives or policies without the approval of the portfolio, and a portfolio may be forced to sell its shares of underlying funds at a disadvantageous time. While the Fund may be appropriate for a portion of a retirement plan investment, it is not a complete investment program. See the prospectus for additional risks of investing in the Fund.

Special Risks: Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund's share prices can fall. Below-investment-grade ("high yield" or "junk") bonds are more at risk of default and are subject to liquidity risk. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing market investments may be especially volatile. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Investments in securities of technology companies may be especially volatile. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Investments in securities of growth companies may be volatile. Derivative instruments whose values depend on the performance of an underlying security, asset, interest rate, index or currency, entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. Inflation-indexed debt securities are bonds structured to seek to provide protection against inflation. If inflation declines, the principal amount or the interest rate of an inflation-indexed bond will be adjusted downward. This will result in reduced income and may result in a decline in the bond's price which could cause losses for the Fund. Interest payments on inflation-protected debt securities can be unpredictable and will vary as the principal or interest rate is adjusted for inflation. Inflation-indexed debt securities are also subject to the risks associated with investments in fixed income securities. Diversification does not guarantee profit or protect against loss.

Access index definitions.

Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund.

While the Dividend/Share column is updated the next business day after a dividend payment (as stated in the date below the table), the 12-Month Distribution ($) column is updated monthly. Therefore, there may be a time where the 12-Month Yield data is inconsistent with the Dividend/Share data.

For Class A Shares the starting value is $9,425 which takes into account the current maximum initial sales charge (unless "no sales charge" option chosen).

"Year to Date" returns are cumulative, not annualized, and do not reflect sales charges.  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.

Index performance will be available approximately five days after each month-end.

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.

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 p.m. ET daily.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance.  The top 10% of funds in each 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 with some adjustments for multiple share class portfolios.   The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five and ten-year (if applicable) Morningstar Rating Metrics.  Oppenheimer Portfolio Series: Active Allocation Fund was rated against the following numbers of U.S.-domiciled Aggressive Allocation over the following time periods ended 3/31/14:  324 funds in the last three years, 295 funds in the last five years, and in the last ten years.  With respect to these Aggressive Allocation funds, Oppenheimer Portfolio Series: Active Allocation Fund received a Morningstar Rating of 1 stars, 2 stars and — stars for the three-, five-, and ten-year periods, respectively.  Morningstar Rating is for the A share class only and rating may include more than one share class of funds in the category, including other share classes of this Fund. Different share classes may have different expenses, performance characteristics and Morningstar ratings.  Past performance is no guarantee of future results.

Class A shares rated 2 stars overall by Morningstar among  324  Aggressive Allocation funds for the 3-, 5-, and 10 year period ended 3/31/14 based on risk-adjusted performance.

Oppenheimer Master Inflation Protected Securities Fund, LLC - this underlying fund seeks total return. Under normal conditions, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in inflation-indexed debt securities of varying maturities issued by U.S. government, foreign governments, their agencies and instrumentalities and U.S. and foreign corporation. Inflation-indexed debt securities are fixed-income securities (also referred to as "bonds") that are structured to seek to provide protection against inflation. The value of a bond's principal or the interest rate paid is adjusted to track changes in a stated inflation measure. Because of this inflation adjustment feature, inflation-protected bonds typically have lower yields than conventional fixed-rated bonds with similar maturities. There is risk that the Fund may not be able to meet its 80% threshold allocation to inflation-indexed bonds because of limited availability of inflation-indexed bonds. See the prospectus for details.

Oppenheimer Master Loan Fund, LLC - This underlying fund seeks as high a level of current income and preservation of capital as is consistent with investing primarily in loans and other debt securities. Under normal circumstances, it will invest at least 80% of its net assets in loans made to U.S. and foreign corporations, partnerships or other business entities. It may invest directly in loans (as an original lender or by assignment from a lender) or indirectly in loans through loan participation agreements or certain derivative instruments. See the prospectus for details.

Beta (3-yr): is a measure of a fund's sensitivity to market movements. The beta of a market is 1.00 by definition.

Alpha (3-yr): measures the difference between a fund's actual and expected returns, based on beta, and is generally used as a measure of a manager's added value over a passive strategy.

R-squared (3-yr): is a measurement of how closely a portfolio's performance correlates with the performance of a benchmark index, and thus a measurement of what portion of its performance can be explained by the performance of the index. Values for R-squared range from 0 to 100, where 0 indicates no correlation and 100 indicates perfect correlation.  

Sharpe Ratio (3-yr): is a risk-adjusted measure that measures reward per unit of risk. the higher the Sharpe Ratio, the better. The numerator is the difference between the portfolio's annualized return and the annualized return of a risk-free instrument, the denominator is the portfolio's annualized standard deviation (population).

Standard Deviation (3-yr): is a statistical measure of the degree to which the performance of a portfolio varies from its average performance during a specified period. the higher the standard deviation, the greater the volatility of the portfolio's performance returns relative to its average return.

Alpha, Beta and R-Squared were measured against the fund's benchmark: . Access index definitions.

Source: Morningstar, Inc. Although this data has been gathered from sources Morningstar believes to be reliable, its completeness and accuracy cannot be guaranteed.

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

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.
Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008