ODIIX

Discovery Fund

Special Notice

As of 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

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Overview

The Strategy typically invests in small-cap U.S. growth stocks.

Inception Date
January 27, 2012
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
00141G641
NAV
(as of 07/19/2019)
$99.78
Total Assets
(as of 06/30/2019)
$2.72 BN
Gross Expense Ratio
(as of 06/30/2019)
0.66%
Net Expense Ratio
(as of 06/30/2019)
0.66%
Performance
Average Annual Total Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2019
  • C
as of 06/30/2019
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr since inception
Discovery Fund (NAV)
9.81% 30.91% 13.03% 19.49% 12.61% 14.90%
Russell 2000® Growth Index
2.75% 20.36% -0.49% 14.69% 8.63% -
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr since inception
Discovery Fund (with sales charge)
9.81% 30.91% 13.03% 19.49% 12.61% 14.90%
Russell 2000® Growth Index
2.75% 20.36% -0.49% 14.69% 8.63% -
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr since inception
Discovery Fund (NAV)
9.81% 30.91% 13.03% 19.49% 12.61% 14.90%
Russell 2000® Growth Index
2.75% 20.36% -0.49% 14.69% 8.63% -
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr since inception
Discovery Fund (with sales charge)
9.81% 30.91% 13.03% 19.49% 12.61% 14.90%
Russell 2000® Growth Index
2.75% 20.36% -0.49% 14.69% 8.63% -
Gross Expense Ratio: 0.66% | Net Expense Ratio: 0.66%

The performance data quoted represents past performance, which does not guarantee future results.  The investments 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.  Class R6 shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

Class W and Class I shares were reorganized into Class Y and Class R6 shares, respectively.


Year Discovery Fund Russell 2000® Growth Index
2013 46.85% 43.30%
2014 -1.76% 5.60%
2015 2.40% -1.38%
2016 4.69% 11.32%
2017 29.64% 22.17%
2018 -3.20% -9.31%

The performance data quoted represents past performance, which does not guarantee future results.  The investments 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.  Class R6 shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

Class W and Class I shares were reorganized into Class Y and Class R6 shares, respectively.

$ per share as of 07/20/2019

Date 2014 2015 2016 2017 2018
Short Term 0.8881
Long Term 7.0126 4.6368 2.9326 9.6645 11.0579
Total Amount of Distribution 7.0126 4.6368 2.9326 9.6645 11.9460
Record Date 12/2/14 12/2/15 12/5/16 12/4/17 12/6/18
Ex Div Date 12/3/14 12/3/15 12/6/16 12/5/17 12/7/18
Pay Date 12/3/14 12/3/15 12/6/16 12/5/17 12/7/18
Portfolio

Top Issuers

(38.2% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Discovery Fund Russell 2000® Growth Index Overweight / Underweight
United States 94.8% 100.0% -5.2%
Israel 1.3% - -
Canada 0.6% 0.0% 0.6%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 95.4% 100.0% -4.6%
Middle East 1.3% - -
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 26.3% 18.7% 7.5%
Health Care 20.6% 25.9% -5.3%
Consumer Discretionary 18.3% 15.0% 3.3%
Industrials 16.0% 18.1% -2.1%
Financials 6.4% 7.2% -0.8%
Consumer Staples 3.7% 3.0% 0.7%
Materials 1.7% 3.2% -1.5%
Real Estate 1.5% 3.3% -1.8%
Communication Services 1.5% 3.3% -1.8%
Energy 0.6% 1.6% -1.1%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 16.0% 10.8% 5.2%
Health Care Equipment & Supplies 7.7% 6.0% 1.7%
Machinery 6.3% 4.7% 1.6%
Aerospace & Defense 5.3% 1.3% 4.0%
Hotels Restaurants & Leisure 5.2% 4.7% 0.4%
Biotechnology 5.1% 11.5% -6.4%
Life Sciences Tools & Services 4.3% 0.8% 3.5%
Diversified Consumer Services 3.9% 1.1% 2.8%
Insurance 3.5% 1.6% 1.8%
Semiconductors & Semiconductor Equipment 3.2% 3.1% 0.1%
Food Products 3.2% 0.8% 2.4%
IT Services 2.7% 2.1% 0.6%
Internet Software & Services 2.6% 0.3% 2.3%
Health Care Technology 2.5% 2.0% 0.5%
Capital Markets 2.3% 1.4% 0.9%
Distributors 2.2% 0.0% 2.1%
Multiline Retail 1.9% 0.5% 1.4%
Household Durables 1.8% 1.7% 0.1%
Electronic Equipment Instruments & Components 1.8% 1.5% 0.3%
Internet & Direct Marketing Retail 1.8% 1.4% 0.4%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 96.7% 100.0% -3.3%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 64.7% 26.7% 38.0%
Small 31.1% 73.3% -42.2%
Large 0.9% - -
Analytics
(As of 06/30/2019)

Morningstar 06/30/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
583
Category
Small Growth
Performance Statistics
3Y
5Y
Alpha
5.52
4.43
Beta
0.89
0.89
Information Ratio
0.86
0.76
R-Squared
89.80
90.91
Sharpe Ratio
1.09
0.76
Standard Deviation
16.37
16.19
Upside Capture
97.79
97.37
Downside Capture
70.73
78.12
Sortino Ratio
1.74
1.15
Win Ratio
56.00
55.00
Loss Ratio
44.00
45.00
Tracking Error
5.59
5.26
Yields
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$5.37 B
$2.92 B
Median Market Cap (weighted)
$4.92 B
$2.53 B
P/E Ratio (LTM)
63.78
37.48
P/E Ratio (NTM)
39.73
26.16
Price/Book
6.46
4.05
Return on Equity
2.11%
9.77%
Turnover Ratio
91%
-
Active Share
82.71%
-
Dividends
Est. Frequency
Annual
Last Pay Date
12/7/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Team
Documents
  1. 1. 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. Investments in securities of growth companies may be volatile. Diversification does not guarantee profit or protect against loss.
  2. 2. Class I shares were reorganized into Class R6 shares. R6 shares are primarily intended for retirement plans that meet certain standards and for institutional investors.
  3. 3. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  4. 4. The Russell 2000® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  5. 5. Holdings are subject to change, and are dollar weighted based on total new 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.
  6. 6. 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.
  7. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  8. B. Effective 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus supplement for further information.
  9. C. The performance data quoted represents past performance, which does not guarantee future results.  The investments 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.  Class R6 shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

    As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

    Class W and Class I shares were reorganized into Class Y and Class R6 shares, respectively.
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