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OREYX

Real Estate Fund

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Overview

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

Inception Date
October 1, 2003
Investment Style
Real Estate
Fund Index
FTSE NAREIT Equity REITs TR Index
CUSIP
68382F507
NAV
  • A
(as of 05/24/2018)
$23.68
Total Assets
(as of 04/30/2018)
$976.45 MM
Gross Expense Ratio
(as of 04/30/2018)
1.18%
Net Expense Ratio
(as of 04/30/2018)
1.08%
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
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
-6.56% -3.11% 0.42% 6.14% 6.33% 9.38%
FTSE NAREIT Equity REITs TR Index
-8.20% -4.51% 1.08% 5.92% 6.37% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
-5.80% -2.55% 2.77% 5.06% 5.81% 9.39%
FTSE NAREIT Equity REITs TR Index
-6.88% -3.26% 3.49% 4.86% 5.92% -
Gross Expense Ratio: 1.18% | Net Expense Ratio: 1.08%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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
2004 36.72% 31.58%
2005 14.64% 12.16%
2006 36.12% 35.06%
2007 -14.43% -15.69%
2008 -38.99% -37.73%
2009 30.51% 27.99%
2010 27.71% 27.96%
2011 8.47% 8.29%
2012 16.05% 18.06%
2013 3.11% 2.47%
2014 31.70% 30.14%
2015 2.63% 3.20%
2016 6.33% 8.52%
2017 4.34% 5.23%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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
4/30/2008 0.00 0.00 0.00 0.00
5/31/2008 0.14 0.77 -0.73 1.30
6/30/2008 -10.62 -10.19 -0.81 -7.24
7/31/2008 -7.90 -7.07 -0.89 -8.02
8/31/2008 -5.57 -5.02 0.05 -6.69
9/30/2008 -6.07 -5.20 -1.30 -15.01
10/31/2008 -34.82 -35.22 -3.63 -29.28
11/30/2008 -49.41 -50.16 -0.49 -34.36
12/31/2008 -42.46 -41.99 3.22 -33.66
1/31/2009 -52.11 -52.03 2.31 -39.25
2/28/2009 -61.61 -62.02 1.93 -45.72
3/31/2009 -60.72 -60.47 3.34 -40.96
4/30/2009 -47.36 -48.21 3.84 -35.31
5/31/2009 -46.13 -47.10 4.59 -31.69
6/30/2009 -48.21 -49.07 5.18 -31.56
7/31/2009 -42.80 -43.74 6.88 -26.38
8/31/2009 -34.95 -36.21 7.99 -23.72
9/30/2009 -31.21 -32.13 9.12 -20.88
10/31/2009 -34.21 -35.18 9.66 -22.35
11/30/2009 -29.71 -30.70 11.08 -17.69
12/31/2009 -24.90 -25.75 9.34 -16.10
1/31/2010 -29.16 -29.62 11.01 -19.12
2/28/2010 -24.95 -25.86 11.43 -16.61
3/31/2010 -17.56 -18.31 11.29 -11.58
4/30/2010 -11.69 -12.64 12.45 -10.19
5/31/2010 -16.30 -17.48 13.40 -17.36
6/30/2010 -21.01 -21.62 15.17 -21.68
7/31/2010 -13.13 -14.16 16.40 -16.20
8/31/2010 -14.49 -15.35 17.90 -19.98
9/30/2010 -10.81 -11.57 18.03 -12.84
10/31/2010 -7.10 -7.41 18.45 -9.52
11/30/2010 -8.83 -9.23 17.77 -9.51
12/31/2010 -4.09 -4.99 16.50 -3.46
1/31/2011 -1.05 -1.90 16.63 -1.17
2/28/2011 4.13 2.63 16.92 2.21
3/31/2011 2.72 1.04 16.99 2.25
4/30/2011 8.57 6.80 18.47 5.28
5/31/2011 10.35 8.28 20.02 4.09
6/30/2011 6.72 4.70 19.67 2.35
7/31/2011 8.61 6.31 21.57 0.27
8/31/2011 1.67 0.29 23.34 -5.18
9/30/2011 -9.78 -10.70 24.24 -11.84
10/31/2011 2.91 2.16 24.37 -2.21
11/30/2011 -0.73 -1.70 24.27 -2.42
12/31/2011 4.03 2.89 25.63 -1.42
1/31/2012 10.70 9.58 26.73 2.99
2/29/2012 9.32 8.41 26.71 7.45
3/31/2012 14.77 14.00 26.01 10.98
4/30/2012 17.97 17.28 27.41 10.29
5/31/2012 11.88 11.95 28.56 3.66
6/30/2012 17.86 18.23 28.61 7.93
7/31/2012 20.19 20.54 30.39 9.43
8/31/2012 20.03 20.57 30.47 11.89
9/30/2012 17.81 18.42 30.65 14.78
10/31/2012 16.88 17.42 30.91 12.66
11/30/2012 16.77 17.09 31.11 13.32
12/31/2012 20.73 21.47 30.93 14.35
1/31/2013 24.77 26.02 30.01 20.27
2/28/2013 25.29 27.61 30.66 21.91
3/31/2013 29.47 31.42 30.77 26.48
4/30/2013 37.36 40.20 32.09 28.92
5/31/2013 29.37 31.90 29.73 31.93
6/30/2013 25.81 29.36 27.73 30.16
7/31/2013 27.08 30.59 27.90 36.78
8/31/2013 18.60 21.50 27.25 32.82
9/30/2013 23.57 25.37 28.45 36.99
10/31/2013 29.48 30.98 29.49 43.28
11/30/2013 24.15 24.18 29.01 47.65
12/31/2013 24.48 24.47 28.28 51.39
1/31/2014 28.48 29.63 30.17 46.15
2/28/2014 35.37 36.13 30.87 52.84
3/31/2014 36.40 36.89 30.64 54.12
4/30/2014 40.89 41.43 31.75 55.26
5/31/2014 44.10 44.84 33.24 58.91
6/30/2014 45.92 46.45 33.31 62.19
7/31/2014 45.87 46.50 32.98 59.95
8/31/2014 49.74 50.82 34.45 66.35
9/30/2014 41.23 41.84 33.53 64.02
10/31/2014 56.96 55.94 34.85 68.03
11/30/2014 59.88 59.01 35.80 72.54
12/31/2014 63.94 61.98 35.93 72.11
1/31/2015 74.27 72.85 38.78 66.94
2/28/2015 69.11 66.83 37.48 76.54
3/31/2015 72.23 69.68 38.11 73.75
4/30/2015 61.99 60.36 37.62 75.41
5/31/2015 61.59 60.16 37.29 77.67
6/30/2015 53.90 52.79 35.79 74.23
7/31/2015 63.33 61.41 36.73 77.88
8/31/2015 53.27 51.42 36.54 67.15
9/30/2015 57.86 55.85 37.46 63.01
10/31/2015 65.92 65.00 37.48 76.76
11/30/2015 65.23 64.14 37.12 77.29
12/31/2015 68.25 67.16 36.68 74.49
1/31/2016 61.99 61.56 38.56 65.83
2/29/2016 61.05 60.88 39.54 65.61
3/31/2016 76.65 77.20 40.82 76.84
4/30/2016 72.07 72.97 41.36 77.53
5/31/2016 76.97 77.17 41.40 80.72
6/30/2016 89.40 89.53 43.94 81.19
7/31/2016 96.47 97.39 44.85 87.87
8/31/2016 90.09 90.15 44.68 88.13
9/30/2016 86.08 86.81 44.60 88.17
10/31/2016 76.04 76.24 43.49 84.73
11/30/2016 72.16 73.27 40.10 91.57
12/31/2016 78.90 81.40 40.30 95.36
1/31/2017 77.41 81.61 40.57 99.07
2/28/2017 84.22 87.80 41.52 106.97
3/31/2017 80.02 83.51 41.44 107.21
4/30/2017 80.45 83.73 42.53 109.34
5/31/2017 78.25 82.32 43.63 112.29
6/30/2017 81.56 86.31 43.49 113.61
7/31/2017 82.71 88.58 44.10 118.00
8/31/2017 84.42 88.10 45.40 118.67
9/30/2017 82.91 88.05 44.70 123.18
10/31/2017 82.27 86.24 44.79 128.39
11/30/2017 86.86 91.29 44.60 135.39
12/31/2017 86.67 90.88 45.27 138.01
1/31/2018 80.32 82.91 43.59 151.64
2/28/2018 67.69 68.80 42.23 142.36
3/31/2018 74.43 75.23 43.14 136.20
4/30/2018 75.85 77.74 42.08 137.11
Date Dividends
6/13/2008 0.1542
9/25/2008 0.1617
6/18/2009 0.1415
9/24/2009 0.1063
3/18/2010 0.0388
6/24/2010 0.1087
9/23/2010 0.0914
12/22/2010 0.0031
3/24/2011 0.0415
6/23/2011 0.0563
9/22/2011 0.0558
12/16/2011 0.0755
3/22/2012 0.1013
6/21/2012 0.0955
9/20/2012 0.1152
12/14/2012 0.1747
3/21/2013 0.0662
6/20/2013 0.1831
9/19/2013 0.1212
12/13/2013 0.0364
3/20/2014 0.0624
6/19/2014 0.1385
9/18/2014 0.1407
12/11/2014 0.1475
12/29/2014 0.0607
3/18/2015 0.06
6/17/2015 0.1418
9/23/2015 0.1926
12/10/2015 0.2089
3/23/2016 0.09
6/22/2016 0.1345
9/21/2016 0.2138
12/8/2016 0.2314
3/22/2017 0.0973
6/21/2017 0.0967
9/20/2017 0.0993
12/7/2017 0.0796
12/27/2017 0.0423
3/21/2018 0.021

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 investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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 05/24/2018

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 7
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
-0.61
0.26
Beta
0.96
0.98
Information Ratio
-0.42
0.12
R-Squared
98.42
98.40
Sharpe Ratio
0.23
0.40
Standard Deviation
13.03
13.88
Sortino Ratio
0.10
0.18
Tracking Error
1.71
1.77
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
3/21/2018
Per Share ($)
$0.0210
12-Month Distribution ($)
$0.3388
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
0.36%
Adjusted Distribution
0.24%
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. 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.
  4. 4. 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.
  5. 5. Access index definitions.
  6. 6. 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.
  7. 7. 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.
  8. 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.
  9. B. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  10. 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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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