Smaller companies drive a surprisingly large share of global equity returns. Yet many equity investors tend to use a single international equity large-cap portfolio for their broad international exposure.

The rapidly growing and attractively priced universe of smaller companies overseas offers the potential for growth with compelling risk-adjusted returns. Oppenheimer International Small-Mid Company Fund seeks to invest in such companies on a long-term basis, and identify leading businesses of the future that currently operate in industries driven by structural growth and high barriers to entry.

The Fund aims to identify companies with meaningful competitive advantages (such as technological leadership, intellectual property, strong brands) and industries that naturally favor monopolies.