OEGCX

Discovery Mid Cap Growth Fund
  • A
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Overview

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

Inception Date
November 1, 2000
Investment Style
Mid Cap Growth
Fund Index
Russell Midcap® Growth Index
CUSIP
00143W834
NAV
(as of 08/23/2019)
$17.76
Total Assets
(as of 07/31/2019)
$1.58 BN
Gross Expense Ratio
(as of 07/31/2019)
1.90%
Net Expense Ratio
(as of 07/31/2019)
1.86%
Performance
Average Annual Total Returns
Calendar Year Returns
Capital Gains Distributions
as of 07/31/2019
  • C
as of 06/30/2019
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
29.31% 13.77% 15.14% 11.15% 14.60% 7.12%
Russell Midcap® Growth Index
26.08% 13.94% 16.49% 11.10% 16.24% 7.20%
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (with sales charge)
28.31% 12.77% 15.14% 11.15% 14.60% 7.12%
Russell Midcap® Growth Index
26.08% 13.94% 16.49% 11.10% 16.24% 7.20%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
33.06% 14.96% 14.67% 12.49% 14.33% 6.87%
Russell Midcap® Growth Index
29.03% 14.15% 15.51% 12.30% 15.64% 7.30%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (with sales charge)
32.06% 13.96% 14.67% 12.49% 14.33% 6.87%
Russell Midcap® Growth Index
29.03% 14.15% 15.51% 12.30% 15.64% 7.30%
Gross Expense Ratio: 1.90% | Net Expense Ratio: 1.86%

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.  Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed 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.


Year Discovery Mid Cap Growth Fund Russell Midcap® Growth Index
2001 -0.41% -10.83%
2002 -37.40% -29.09%
2003 62.38% 46.31%
2004 4.57% 14.59%
2005 3.79% 8.17%
2006 5.91% 12.26%
2007 22.31% 9.69%
2008 -39.33% -41.50%
2009 23.30% 41.66%
2010 25.35% 28.86%
2011 -0.47% -1.57%
2012 14.68% 16.13%
2013 33.92% 37.06%
2014 4.60% 11.90%
2015 5.29% -0.20%
2016 1.10% 7.33%
2017 27.08% 25.27%
2018 -7.10% -4.75%

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.  Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed 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.

$ per share as of 08/25/2019

Date 2014 2015 2016 2017 2018
Short Term 0.1317 0.0014
Long Term 1.7708 0.7206 0.1518 1.7268 1.7833
Total Amount of Distribution 1.7708 0.7206 0.1518 1.8585 1.7848
Record Date 12/9/14 12/2/15 12/5/16 12/4/17 12/6/18
Ex Div Date 12/10/14 12/3/15 12/6/16 12/5/17 12/7/18
Pay Date 12/10/14 12/3/15 12/6/16 12/5/17 12/7/18
Portfolio

Top Issuers

(36.9% of assets as of 07/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
United States 99.3% 99.6% -0.3%
Developed Markets Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Americas 99.3% 99.6% -0.3%
Equity Sector Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Information Technology 30.1% 33.4% -3.3%
Industrials 18.3% 16.7% 1.6%
Consumer Discretionary 15.7% 15.2% 0.5%
Health Care 15.1% 15.0% 0.1%
Financials 5.6% 4.5% 1.2%
Communication Services 4.1% 5.1% -1.0%
Real Estate 3.4% 2.8% 0.6%
Consumer Staples 3.2% 3.2% 0.0%
Materials 2.6% 2.8% -0.2%
Energy 1.2% 1.3% -0.1%
Industry Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Software 12.5% 11.3% 1.2%
Health Care Equipment & Supplies 8.5% 5.2% 3.3%
IT Services 6.7% 9.2% -2.5%
Semiconductors & Semiconductor Equipment 5.3% 5.2% 0.1%
Specialty Retail 4.9% 4.2% 0.7%
Hotels Restaurants & Leisure 4.6% 4.2% 0.3%
Life Sciences Tools & Services 4.5% 2.4% 2.1%
Commercial Services & Supplies 4.4% 1.7% 2.7%
Professional Services 4.1% 3.3% 0.9%
Capital Markets 3.6% 2.5% 1.1%
Electronic Equipment Instruments & Components 3.0% 3.0% 0.0%
Aerospace & Defense 3.0% 2.6% 0.4%
Machinery 2.8% 4.0% -1.2%
Equity Real Estate Investment Trusts (REITs) 2.5% 2.5% 0.1%
Diversified Consumer Services 2.0% 0.5% 1.5%
Textiles Apparel & Luxury Goods 2.0% 1.3% 0.7%
Containers & Packaging 1.9% 1.4% 0.4%
Industrial Conglomerates 1.9% 0.2% 1.7%
Distributors 1.8% 0.3% 1.5%
Interactive Media & Services 1.7% 1.7% 0.0%
Asset Allocation Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Equity 99.3% 100.0% -0.7%
Net Cash and Equivalents 0.7% - -
Market Cap Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Mid 56.6% 58.7% -2.1%
Large 42.7% 40.5% 2.2%
Analytics
(As of 07/31/2019)

Morningstar 07/31/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
534
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
-0.25
0.86
Beta
0.97
0.94
Information Ratio
-0.21
0.05
R-Squared
92.23
91.35
Sharpe Ratio
0.93
0.87
Standard Deviation
14.34
13.51
Sortino Ratio
1.41
1.35
Win Ratio
47.00
53.00
Loss Ratio
53.00
47.00
Tracking Error
4.03
4.06
Yields
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$18.61 B
$17.59 B
Median Market Cap (weighted)
$17.37 B
$16.81 B
P/E Ratio (LTM)
40.07
32.10
P/E Ratio (NTM)
30.70
25.00
Price/Book
7.51
7.14
Return on Equity
13.99%
19.40%
Turnover Ratio
108%
-
Active Share
67.37%
-
Dividends
Est. Frequency
Annual
Last Pay Date
12/7/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
Net Income
0.00%
Net Profit from Sale
93.00%
Other Capital Sources
7.00%
Team
Documents
  1. 1. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Investments in securities of growth companies may be volatile. Mid-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 mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  3. 3. The index returns are made up of the returns of (i) the Russell 2500™ Growth Index from November, 1, 2000 through June 30, 2013, and (ii) the Russell Midcap® Growth Index from July 1, 2013 to present.  Index performance includes total returns from when first available. The Russell Midcap® Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2500™ Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values. The indices are 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.
  4. 4. 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.
  5. 5. 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.
  6. 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>
  7. B. 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 star s, and the bottom 10% receive 1 star. 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. 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. Invesco Oppenheimer Discovery Mid Cap Growth Fund was rated against the following numbers of Mid-Cap Growth funds over the following time periods: the fund was rated 3 stars among 534 funds in the last three years, 4 stars among 481 in the last five years, and 3 stars among 369 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  8. C. 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.  Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed 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.
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