GLVAX

Global Focus Fund
  • A
  • 1

Overview

The Strategy invests in a mix of undervalued U.S. and foreign stocks.

Inception Date
October 1, 2007
Investment Style
Global Equity
Fund Index
MSCI ACWI
CUSIP
00900W704
NAV
(as of 08/20/2019)
$52.32
Total Assets
(as of 07/31/2019)
$604.85 MM
Gross Expense Ratio
(as of 07/31/2019)
1.33%
Net Expense Ratio
(as of 07/31/2019)
1.27%
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
Global Focus Fund (NAV)
21.57% 3.26% 13.65% 5.58% 13.33% 6.14%
MSCI ACWI
16.23% 5.74% 11.62% 6.16% 10.15% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Global Focus Fund (with sales charge)
14.88% -2.43% 11.52% 4.39% 12.69% 5.63%
MSCI ACWI
16.23% 5.74% 11.62% 6.16% 10.15% -
Cumulative
Annualized
ytd as of 2019-07-31
1 yr 3 yr 5 yr 10 yr since inception
Global Focus Fund (NAV)
22.39% 1.78% 11.46% 6.78% 12.25% 6.15%
MSCI ACWI
16.57% 2.95% 10.17% 6.48% 9.25% -
Cumulative
Annualized
ytd as of 2019-07-31
1 yr 3 yr 5 yr 10 yr since inception
Global Focus Fund (with sales charge)
15.66% -3.81% 9.37% 5.58% 11.62% 5.65%
MSCI ACWI
16.57% 2.95% 10.17% 6.48% 9.25% -
Gross Expense Ratio: 1.33% | Net Expense Ratio: 1.27%

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, reinvested distributions, and a 5.50% maximum sales charge where indicated.  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 Global Focus Fund MSCI ACWI
2008 -47.04% -42.19%
2009 73.81% 34.63%
2010 25.57% 12.67%
2011 -7.94% -7.35%
2012 19.55% 16.13%
2013 42.58% 22.80%
2014 -4.80% 4.16%
2015 -0.65% -2.36%
2016 -0.82% 7.86%
2017 25.08% 23.97%
2018 -9.94% -9.41%

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, reinvested distributions, and a 5.50% maximum sales charge where indicated.  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 08/20/2019

Date 2014 2015 2016 2017 2018
Short Term 0.2156 0.7139 0.1629
Long Term 0.5300 0.2136 1.6946
Total Amount of Distribution 0.7455 0.9274 1.8574
Record Date 12/3/14 12/6/17 12/6/18
Ex Div Date 12/4/14 12/7/17 12/7/18
Pay Date 12/4/14 12/7/17 12/7/18
Portfolio

Top Issuers

(72.8% of assets as of 07/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Global Focus Fund MSCI ACWI
Overweight / Underweight
United States 64.5% 55.9% 8.6%
China 12.2% 3.7% 8.5%
Denmark 8.6% 0.5% 8.1%
United Kingdom 4.0% 4.9% -1.0%
Israel 2.7% 0.2% 2.6%
Japan 2.5% 7.1% -4.5%
Switzerland 2.2% 2.8% -0.6%
Germany 2.0% 2.5% -0.5%
Russia 1.1% 0.5% 0.7%
Developed Markets Global Focus Fund MSCI ACWI
Overweight / Underweight
Americas 64.5% 58.9% 5.6%
Europe 16.7% 18.5% -1.7%
Middle East 2.7% 0.2% 2.6%
Asia Pacific 2.5% 10.8% -8.3%
Emerging Markets Global Focus Fund MSCI ACWI
Overweight / Underweight
Asia Pacific 12.2% 8.3% 3.9%
Europe 1.1% 0.7% 0.4%
Equity Sector Global Focus Fund MSCI ACWI
Overweight / Underweight
Information Technology 32.6% 16.4% 16.2%
Communication Services 23.2% 8.9% 14.3%
Health Care 17.5% 11.3% 6.2%
Consumer Discretionary 11.0% 10.9% 0.2%
Financials 9.5% 16.8% -7.3%
Industrials 4.2% 10.4% -6.3%
Materials 2.0% 4.8% -2.8%
Industry Global Focus Fund MSCI ACWI
Overweight / Underweight
Software 18.0% 4.4% 13.6%
Interactive Media & Services 17.3% 3.5% 13.8%
Internet & Direct Marketing Retail 11.0% 3.0% 8.0%
IT Services 9.4% 3.6% 5.8%
Banks 8.6% 8.8% -0.2%
Pharmaceuticals 6.8% 4.9% 2.0%
Entertainment 5.9% 1.3% 4.5%
Biotechnology 4.4% 1.5% 2.9%
Health Care Equipment & Supplies 3.5% 2.5% 1.0%
Professional Services 3.2% 0.7% 2.5%
Semiconductors & Semiconductor Equipment 3.0% 3.2% -0.2%
Life Sciences Tools & Services 2.8% 0.7% 2.2%
Internet Software & Services 2.2% 0.3% 1.9%
Chemicals 2.0% 2.4% -0.4%
Capital Markets 0.9% 2.5% -1.6%
Aerospace & Defense 0.9% 1.9% -1.0%
Asset Allocation Global Focus Fund MSCI ACWI
Overweight / Underweight
Equity 100.0% 100.0% 0.0%
Market Cap Global Focus Fund MSCI ACWI
Overweight / Underweight
Large 87.6% 87.1% 0.5%
Mid 11.5% 12.8% -1.3%
Small 0.9% 0.1% 0.8%
Analytics
(As of 07/31/2019)

Morningstar 07/31/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
728
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-0.50
-0.75
Beta
1.24
1.26
Information Ratio
0.21
0.05
R-Squared
87.13
87.99
Sharpe Ratio
0.71
0.43
Standard Deviation
14.85
15.85
Upside Capture
117.06
121.71
Downside Capture
121.06
129.40
Sortino Ratio
1.04
0.64
Tracking Error
5.99
6.31
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$194.81 B
$159.48 B
Median Market Cap (weighted)
$60.33 B
$55.98 B
P/E Ratio (LTM)
25.82
17.35
P/E Ratio (NTM)
24.17
15.38
Price/Book
3.24
2.45
Debt to Capital Ratio
33.38
43.94
Turnover Ratio
46%
-
Active Share
91.69%
-
Dividends
Est. Frequency
Annual
Last Pay Date
12/7/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Team
Documents
  1. 1. 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. Eurozone investments may be subject to volatility and liquidity issues. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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 MSCI® ACWI is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The index is unmanaged, includes the reinvestment of dividends 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 Global Focus Fund was rated against the following numbers of World Large Stock funds over the following time periods: the fund was rated 3 stars among 728 funds in the last three years, 3 stars among 594 in the last five years, and 4 stars among 366 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, reinvested distributions, and a 5.50% maximum sales charge where indicated.  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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