Oppenheimer International Diversified Fund Y Shares (OIDYX) received a 5-star rating (as of 6/30/17) by Morningstar, a leading global provider of independent investment research.
Morningstar cited a number of key factors, including the “well-regarded managers” of the Fund’s four underlying strategies and “solid long-term performance,” as reasons for rating OIDYX 5 stars among the funds in its Foreign Large Growth Category over the three-, five-, and 10-year periods ended 6/30/17, based on risk-adjusted performance.1
George R. Evans, CFA, OppenheimerFunds’ Chief Investment Officer, Equities, and Portfolio Manager of Oppenheimer International Diversified Fund, “is known for his strong, 21-year track record” at Oppenheimer International Growth Fund (OIGYX), Morningstar said. George has been investing in international equities for more than 30 years and is, as Morningstar noted, “one of the longest-tenured international equity fund managers” in the industry.
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- ^ Oppenheimer International Diversified Fund was rated against the following number of Foreign Large Growth funds over the following time periods: For the 3-, 5- and 10- year periods, respectively, the Fund was rated 4, 5 and 4 stars among 714 funds in the last three years, 590 funds in the last five years, and 329 funds in the last 10 years.
OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity.
The Morningstar RatingTM 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. 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. Oppenheimer International Diversified Fund was rated against the following number of Foreign Large Growth funds over the following time periods: For the 3-, 5- and 10- year periods, respectively, the Fund was rated 4, 5 and 4 stars among 714 funds in the last three years, 590 funds in the last five years, and 329 funds in the last ten years. Morningstar Rating is for the Y share class only without considering sales charges; other classes may have different performance characteristics. Past performance does not guarantee future results.
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. 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. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk. Diversification does not guarantee profit or protect against loss.
Mutual funds and exchange traded funds are subject to market risk and volatility. Shares may gain or lose value.
These views represent the opinions of OppenheimerFunds, Inc. and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the publication date, and are subject to change based on subsequent developments.