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OREIX

Real Estate Fund

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Overview

The Strategy typically invests in real estate securities, primarily real estate investment trusts (REITs).

Inception Date
August 28, 2012
Investment Style
Real Estate
Fund Index
FTSE NAREIT Equity REITs TR Index
CUSIP
68382F606
NAV
  • A
(as of 05/25/2018)
$23.74
Total Assets
(as of 04/30/2018)
$976.45 MM
Gross Expense Ratio
(as of 04/30/2018)
0.99%
Net Expense Ratio
(as of 04/30/2018)
0.89%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr since inception
Real Estate Fund (NAV)
-6.49% -6.49% -2.93% 0.61% 6.36% 7.14%
FTSE NAREIT Equity REITs TR Index
-8.20% -8.20% -4.51% 1.08% 5.92% -
Cumulative
Annualized
3 mo ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr since inception
Real Estate Fund (NAV)
-2.48% -5.73% -2.37% 2.95% 5.27% 7.19%
FTSE NAREIT Equity REITs TR Index
-2.82% -6.88% -3.26% 3.49% 4.86% -
Gross Expense Ratio: 0.99% | Net Expense Ratio: 0.89%

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 I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Real Estate Fund FTSE NAREIT Equity REITs TR Index
2013 3.35% 2.47%
2014 32.02% 30.14%
2015 2.84% 3.20%
2016 6.51% 8.52%
2017 4.50% 5.23%

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 I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Real Estate Fund FTSE NAREIT Equity REITs Index BBG Barclays Agg S&P 500
4/30/2013 0.00 0.00 0.00 0.00
5/31/2013 -5.82 -5.93 -1.78 2.34
6/30/2013 -8.37 -7.73 -3.30 0.96
7/31/2013 -7.44 -6.85 -3.17 6.10
8/31/2013 -13.58 -13.34 -3.67 3.03
9/30/2013 -9.94 -10.58 -2.75 6.26
10/31/2013 -5.62 -6.58 -1.97 11.15
11/30/2013 -9.47 -11.43 -2.34 14.53
12/31/2013 -9.26 -11.22 -2.89 17.43
1/31/2014 -6.30 -7.54 -1.45 13.37
2/28/2014 -1.27 -2.91 -0.93 18.56
3/31/2014 -0.50 -2.36 -1.10 19.55
4/30/2014 2.82 0.87 -0.26 20.44
5/31/2014 5.16 3.30 0.87 23.26
6/30/2014 6.54 4.45 0.93 25.81
7/31/2014 6.51 4.49 0.67 24.08
8/31/2014 9.33 7.57 1.78 29.04
9/30/2014 3.17 1.17 1.09 27.23
10/31/2014 14.67 11.23 2.09 30.34
11/30/2014 16.84 13.41 2.81 33.84
12/31/2014 19.80 15.53 2.91 33.51
1/31/2015 27.36 23.28 5.06 29.50
2/28/2015 23.62 18.99 4.08 36.94
3/31/2015 25.91 21.02 4.56 34.78
4/30/2015 18.47 14.38 4.18 36.07
5/31/2015 18.18 14.24 3.93 37.82
6/30/2015 12.56 8.98 2.80 35.15
7/31/2015 19.46 15.13 3.51 37.98
8/31/2015 12.14 8.00 3.37 29.66
9/30/2015 15.52 11.16 4.07 26.45
10/31/2015 21.47 17.68 4.08 37.11
11/30/2015 20.92 17.07 3.81 37.52
12/31/2015 23.20 19.23 3.47 35.35
1/31/2016 18.61 15.23 4.90 28.64
2/29/2016 17.93 14.75 5.64 28.46
3/31/2016 29.42 26.38 6.61 37.18
4/30/2016 26.05 23.37 7.02 37.71
5/31/2016 29.65 26.36 7.05 40.18
6/30/2016 38.83 35.18 8.97 40.55
7/31/2016 44.01 40.79 9.66 45.73
8/31/2016 39.39 35.63 9.53 45.93
9/30/2016 36.42 33.24 9.47 45.96
10/31/2016 29.09 25.70 8.63 43.30
11/30/2016 26.25 23.58 6.06 48.60
12/31/2016 31.22 29.38 6.21 51.54
1/31/2017 30.13 29.53 6.42 54.42
2/28/2017 35.18 33.95 7.14 60.55
3/31/2017 32.10 30.89 7.08 60.73
4/30/2017 32.41 31.05 7.91 62.39
5/31/2017 30.84 30.04 8.74 64.67
6/30/2017 33.28 32.88 8.63 65.70
7/31/2017 34.18 34.50 9.09 69.11
8/31/2017 35.44 34.16 10.07 69.62
9/30/2017 34.39 34.13 9.55 73.12
10/31/2017 33.91 32.83 9.61 77.16
11/30/2017 37.29 36.44 9.47 82.60
12/31/2017 37.13 36.15 9.97 84.63
1/31/2018 32.57 30.46 8.71 95.20
2/28/2018 23.28 20.40 7.68 88.00
3/31/2018 28.23 24.98 8.37 83.22
4/30/2018 29.27 26.77 7.56 83.93
Date Dividends
6/20/2013 0.2044
9/19/2013 0.1388
12/13/2013 0.0507
3/20/2014 0.0764
6/19/2014 0.1519
9/18/2014 0.1551
12/11/2014 0.1628
12/29/2014 0.0637
3/18/2015 0.072
6/17/2015 0.1561
9/23/2015 0.207
12/10/2015 0.2244
3/23/2016 0.1015
6/22/2016 0.1493
9/21/2016 0.2281
12/8/2016 0.2468
3/22/2017 0.1072
6/21/2017 0.1072
9/20/2017 0.1107
12/7/2017 0.0928
12/27/2017 0.0455
3/21/2018 0.0302

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

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 I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 05/26/2018

Date 2013 2014 2015 2016 2017
Short Term 0.1761 0.4868 0.4472
Long Term 0.0032 1.0441 1.5582 2.2193 0.9024
Total Amount of Distribution 0.0032 1.2201 2.0449 2.6665 0.9024
Record Date 12/11/13 12/10/14 12/9/15 12/7/16 12/6/17
Ex Div Date 12/12/13 12/11/14 12/10/15 12/8/16 12/7/17
Pay Date 12/13/13 12/11/14 12/10/15 12/8/16 12/7/17

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

Portfolio

Top Issuers

(77.8% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Equity Sector
Asset Allocation
Market Cap 8
Country Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
United States 99.1% 100.0% -0.9%
Equity Sector Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Apartments 15.0% 13.2% 1.8%
Office 13.1% 11.8% 1.3%
Data Centers 12.1% 8.1% 4.0%
Industrial 11.2% 9.4% 1.8%
Lodging/Resorts 8.5% 6.7% 1.8%
Health Care 8.0% 10.9% -2.9%
Regional Malls 6.4% 9.4% -3.0%
Shopping Centers 6.3% 6.0% 0.3%
Free Standing 4.4% 4.0% 0.4%
Infrastructure Reits 4.1% - -
Manufactured Homes 3.9% 1.9% 2.0%
Single Family Homes 2.4% 1.5% 0.9%
Specialty 1.7% 4.2% -2.5%
Home Financing 1.0% - -
Diversified 0.8% 6.3% -5.5%
Asset Allocation Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Equity 99.1% 100.0% -0.9%
Market Cap Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Mid 48.6% 50.4% -1.8%
Large 39.7% 35.5% 4.2%
Small 10.8% 14.2% -3.3%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
232
Category
Real Estate
Performance Statistics
3Y
5Y
Alpha
-0.44
0.46
Beta
0.97
0.98
Information Ratio
-0.31
0.23
R-Squared
98.42
98.40
Sharpe Ratio
0.24
0.41
Standard Deviation
13.05
13.88
Sortino Ratio
0.11
0.19
Tracking Error
1.71
1.77
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
3/21/2018
Per Share ($)
$0.0302
12-Month Distribution ($)
$0.3864
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
33.99
30.85
P/E Ratio (NTM)
42.39
37.32
Price/Book
2.24
2.12
Turnover Ratio
114.00%
-
Distribution Rate
Distribution
0.53%
Adjusted Distribution
0.36%
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
0.00%
Other Capital Sources
100.00%
Documents
  1. 1. The Fund's portfolio managers are employed by its Sub-Sub-Adviser, Barings LLC.
  2. 2. Special Risks: Investments in real estate companies, including REITs or similar structures, are subject to volatility and risk. Smaller real estate companies may also be subject to liquidity risk. 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. The Fund is classified as a “non-diversified” fund and may invest a greater portion of its assets in the securities of a single issuer.
  3. 3. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
  4. 4. The Fund intends to declare and pay dividends quarterly. At the time of the distribution, the amounts attributed to each category (dividend income, return of capital and/or capital gains) are estimated using historical information because the character of the amounts received from underlying real estate investment trusts ("REITs") is unknown until after the end of the calendar year. The amount distributed to shareholders is based on the underlying REIT distributions received less fund expenses. The distribution rate is based on the ex-dividend date immediately preceding the nearest month-end or quarter-end. The ex-dividend date is the day before the pay date. The distribution rate for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. Each result is compounded semiannually and annualized. Adjusted distribution rate for each share class is based on the Fund's distributed income less an estimate of the average return of capital based on historical ratios from the past three calendar years and that date's net asset value. The result is compounded semiannually and annualized. Falling share prices artificially increase distribution rates. Please note that OppenheimerFunds, Inc. is not quoting a 30-day SEC yield. See the Fund's prospectus for more information.
  5. 5. The net expense ratio (where applicable) 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.
  6. 6. Access index definitions.
  7. 7. Holdings are subject to change, and are dollar weighted based on total net 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.
  8. 8. 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.
  9. A. 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 7:00pm ET daily.
  10. B. 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 I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  11. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). 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.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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